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Mahindra Insurance Brokers
3.3
based on 315 Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at Mahindra Insurance Brokers
Company Summary
Mahindra Insurance Brokers provides comprehensive insurance and reinsurance broking services, focusing on total risk management solutions for clients.
Overall Rating
3.3/5
based on 315 reviews
13% below
industry average
Critically rated for
Promotions, Work satisfaction, Job security
Work Policy
Work from office
66% employees reported
Monday to Saturday
65% employees reported
Flexible timing
52% employees reported
Within city
38% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
30 employees reported
Health insurance
23 employees reported
Cafeteria
15 employees reported
Professional degree assistance
13 employees reported
View all benefits
About Mahindra Insurance Brokers
Founded in2004 (21 yrs old)
India Employee Count1k-5k
Global Employee Count--
India HeadquartersMumbai, India
Office Locations
--
Websitemahindrainsurance.com
Primary Industry
Other Industries
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View in video summary
MIBL was granted a Direct Broker's License by the Insurance Regulatory and Development Authority (IRDA) in May 2004, for undertaking direct insurance broking in Life and Non-Life businesses. In September 2011, MIBL was granted a Composite Broker licence by the IRDA, thus foraying into Reinsurance Broking business along with Direct Broking. As a Total Insurance Risk Solutions provider, MIBL plays an integral role in the Risk Management portfolio of customers.
Mission: We, at Mahindra Insurance Brokers Ltd., are committed to provide value to our customers by understanding their insurance needs and risk profile, and providing innovative, cost effective solution to ensure total customer satisfaction.
Vision: To be the first Indian company amongst the Global Top 100 Insurance Brokers in Revenue by 2020
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Mahindra Insurance Brokers Ratings
based on 315 reviews
Overall Rating
3.3/5
How AmbitionBox ratings work?
5
136
4
77
3
38
2
20
1
44
Category Ratings
3.4
Work-life balance
3.2
Company culture
3.2
Salary
3.1
Skill development
3.0
Job security
3.0
Work satisfaction
2.8
Promotions
Mahindra Insurance Brokers is rated 3.3 out of 5 stars on AmbitionBox, based on 315 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Mahindra Insurance Brokers
based on 297 reviews
2.8
Rated by 49 Women
Rated 3.1 for Work-life balance and 3.0 for Company culture
3.4
Rated by 248 Men
Rated 3.5 for Work-life balance and 3.3 for Company culture
Work Policy at Mahindra Insurance Brokers
based on 26 reviews in last 6 months
Work from office
66%
Hybrid
26%
Permanent work from home
8%
Mahindra Insurance Brokers Reviews
Top mentions in Mahindra Insurance Brokers Reviews
+ 5 more
Compare Mahindra Insurance Brokers with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.3/5 based on 315 reviews | 3.7/5 based on 1.9k reviews | 3.7/5 based on 2.2k reviews | 3.5/5 based on 1.9k reviews |
Highly Rated for |  No highly rated category | No highly rated category | No highly rated category | No highly rated category |
Critically Rated for | Promotions Job security Work satisfaction |  No critically rated category | Promotions | Promotions Job security Work satisfaction |
Primary Work Policy | Work from office 66% employees reported | Work from office 75% employees reported | Work from office 83% employees reported | Work from office 71% employees reported |
Rating by Women Employees | 2.8 Poor rated by 49 women | 3.6 Good rated by 405 women | 4.0 Good rated by 223 women | 3.3 Average rated by 349 women |
Rating by Men Employees | 3.4 Average rated by 248 men | 3.7 Good rated by 1.4k men | 3.7 Good rated by 1.8k men | 3.6 Good rated by 1.4k men |
Job security | 3.0 Average | 3.4 Average | 3.5 Good | 3.3 Average |
View more
Mahindra Insurance Brokers Salaries
Mahindra Insurance Brokers salaries have received with an average score of 3.2 out of 5 by 315 employees.
Area Manager
(45 salaries)
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₹3.3 L/yr - ₹7 L/yr
Business Development Executive
(41 salaries)
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₹2 L/yr - ₹3.3 L/yr
Deputy Manager
(36 salaries)
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₹5.7 L/yr - ₹10.2 L/yr
Territory Manager
(33 salaries)
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₹2.4 L/yr - ₹4.7 L/yr
Branch Manager
(30 salaries)
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₹4.2 L/yr - ₹6.2 L/yr
Customer Relation Executive
(24 salaries)
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₹1.2 L/yr - ₹2 L/yr
Senior Business Development Executive
(16 salaries)
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₹2.1 L/yr - ₹4.5 L/yr
Senior Customer Relation Executive
(16 salaries)
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₹1.5 L/yr - ₹3 L/yr
Cluster Manager
(15 salaries)
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₹8.6 L/yr - ₹13 L/yr
Deputy Area Manager
(14 salaries)
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₹2.4 L/yr - ₹4.5 L/yr
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Mahindra Insurance Brokers Subsidiaries
PayBima
1.2
• 2 reviews
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Mahindra Insurance Brokers FAQs
When was Mahindra Insurance Brokers founded?
Mahindra Insurance Brokers was founded in 2004. The company has been operating for 21 years primarily in the Insurance sector.
Where is the Mahindra Insurance Brokers headquarters located?
Mahindra Insurance Brokers is headquartered in Mumbai.
How many employees does Mahindra Insurance Brokers have in India?
Mahindra Insurance Brokers currently has approximately 1,000+ employees in India.
Does Mahindra Insurance Brokers have good work-life balance?
Mahindra Insurance Brokers has a work-life balance rating of 3.4 out of 5 based on 300+ employee reviews on AmbitionBox. 32% employees rated Mahindra Insurance Brokers 3 or below, while 68% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read Mahindra Insurance Brokers work-life balance reviews for more details.
Is Mahindra Insurance Brokers good for career growth?
Career growth at Mahindra Insurance Brokers is rated as poor, with a promotions and appraisal rating of 2.8. 32% employees rated Mahindra Insurance Brokers 3 or below on promotions / appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Mahindra Insurance Brokers promotions / appraisals reviews for more detailed insights.
What are the cons of working in Mahindra Insurance Brokers?
Working at Mahindra Insurance Brokers does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, work satisfaction and job security, based on 300+ employee reviews on AmbitionBox.
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