India
Job
Insurance Broker

Average Insurance Broker Salary in Mumbai, Maharashtra

Pay
Job Details
Skills
Job Listings
How should I pay?Price a Job
What am I worth?Find market worth
₹675,000
/ year

Avg. Base Salary (INR)
25%
₹235k
MEDIAN
₹675k
75%
₹3m

The average salary for an Insurance Broker is ₹675,000 in 2025

Base Salary
₹235k - ₹3m
Bonus
₹0 - ₹132k
Total Pay
₹238k - ₹3m
(last updated Jul 21 2023)
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What Do Insurance Brokers Do?

Find your market worth – how it works:

Common Health Benefits for a Insurance Broker

Medical
33%
None
67%

Gender Breakdown for Insurance Brokers

Male
100.0%
This data is based on 2 survey responses. Learn more about the gender pay gap.
benefits-icon

FAQs About Insurance Brokers

What is the highest pay for Insurance Brokers in Mumbai?

Our data indicates that the highest pay for an Insurance Broker in Mumbai is ₹NaN / year

What is the lowest pay for Insurance Brokers in Mumbai?

Our data indicates that the lowest pay for an Insurance Broker in Mumbai is ₹NaN / year

How can Insurance Brokers increase their salary?

Increasing your pay as an Insurance Broker is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Insurance Broker that oversees more junior Insurance Brokers, this experience can increase the likelihood to earn more.

WHAT AM I WORTH?
What your skills are worth in the job market is constantly changing.
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