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Kotak Mahindara Life Insurance Assistant Manager salaries in India (Updated 2025)

Annual salary range
0 - 8 years exp.
₹2 Lakhs - ₹4.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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57% less than the average Assistant Manager Salary in Insurance Companies for 0 - 8 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Customer Success, Service & Operations
Assistant Manager Salary
0 - 8 years exp. (216 salaries)
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₹2.4 L/yr - ₹4.6 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
0 - 8 years exp. (172 salaries)
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₹2 L/yr - ₹4.8 L/yr

Finance & Accounting
Assistant Manager Salary
0 - 7 years exp. (59 salaries)
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₹2 L/yr - ₹4.6 L/yr

Sales & Business Development
Assistant Manager Salary
0 - 6 years exp. (31 salaries)
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₹2.3 L/yr - ₹4.5 L/yr

Administration & Facilities
Assistant Manager Salary
1 - 7 years exp. (24 salaries)
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₹2.3 L/yr - ₹4.5 L/yr

View all

Last Updated: 5 Apr 2025

Companies similar to Kotak Mahindara Life Insurance for Assistant Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Assistant Manager Salary

1 - 10 years exp. (271 salaries)

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₹1.7 L/yr - ₹7.5 L/yr

arrow icon 34% more
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₹3 L/yr - ₹7.1 L/yr

arrow icon 46% more
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₹3.5 L/yr - ₹12.5 L/yr

arrow icon 98% more
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Axis Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (645 salaries)

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₹2 L/yr - ₹7.5 L/yr

arrow icon 16% more
19 job openings
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₹3.9 L/yr - ₹13.6 L/yr

arrow icon 120% more
1 job opening
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (588 salaries)

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₹3.8 L/yr - ₹16.1 L/yr

arrow icon 145% more
29 job openings
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₹2 L/yr - ₹8 L/yr

arrow icon 7% more
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₹1.9 L/yr - ₹8.4 L/yr

arrow icon 18% more
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PNB MetLife Assistant Manager Salary

0 - 11 years exp. (164 salaries)

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₹1.8 L/yr - ₹8 L/yr

arrow icon 19% more
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₹1 L/yr - ₹8 L/yr

arrow icon 22% more
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Assistant Manager salary at Kotak Mahindara Life Insurance ranges between ₹2 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 746 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Manager

1d ago
₹3.2 Lakhs
2 years exp.
3d ago
₹4.5 Lakhs
5 years exp.
3d ago
₹3.7 Lakhs
4 years exp.
3d ago
₹4 Lakhs
4 years exp.
4d ago
₹4 Lakhs
6 years exp.
6d ago
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2 years exp.
1w ago
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1 year exp.
2w ago
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4 years exp.
2w ago
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7 years exp.
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4 years exp.

Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries

Last Updated: 5 Apr 2025

Experience Avg Annual Salary
Fresher  (65 salaries)

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₹2.3 L/yr - ₹4 L/yr
1 year  (110 salaries)

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₹2.3 L/yr - ₹4.2 L/yr
2 years  (153 salaries)

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₹2 L/yr - ₹4.6 L/yr
3 years  (138 salaries)

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₹2 L/yr - ₹4.5 L/yr
4 years  (143 salaries)

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₹2 L/yr - ₹4.6 L/yr
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Kotak Mahindara Life Insurance Assistant Manager Salary and Career Growth

From

To

Assistant Manager

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0 - 8 years exp.

Branch Manager

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3 - 18 years exp.

Assistant Manager

0 - 8 years exp.
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Deputy Manager

0 - 9 years exp.
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arrow icon 10% hike

Sales Manager

0 - 10 years exp.
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arrow icon 9% hike

From

To

Assistant Manager

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0 - 8 years exp.

Chief Manager

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0 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹1.6 L/yr - ₹4 L/yr
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₹4.3 L/yr - ₹8.5 L/yr
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₹2.65 L/yr - ₹9 L/yr
Team Manager Salary
(12 salaries)
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₹1.2 L/yr - ₹7.46 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Branch Manager Salary
(204 salaries)
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₹5 L/yr - ₹13.5 L/yr
Deputy Manager Salary
(762 salaries)
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₹2 L/yr - ₹5.74 L/yr
Sales Manager Salary
(562 salaries)
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₹2 L/yr - ₹6 L/yr
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₹1.8 L/yr - ₹6.5 L/yr
Senior Officer Salary
(3 salaries)
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₹2 L/yr - ₹6.5 L/yr

Top skills at Kotak Mahindara Life Insurance for Assistant Manager

Branch Operations Operations Back Office Back End Processing Back Office Operations

Salary related reviews for Kotak Mahindara Life Insurance

3.2

Rated by 118 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 21 Nov 2024

2.0
 for  Salary and Benefits

Likes

It's normal decent job where we are getting only salary.

Dislikes

There are so many things which dislike we don't get much than salary like diwali gift or any other programs also not done by company and there are allot of pressure on sales which we work on operation so had bad experience in operations in KOTAK

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 18 Jun 2023

2.0
 for  Salary and Benefits

Likes

Job security is what i like in kotak life

  • Job security - Excellent

Dislikes

... no then your promotion will be done otherwise forget about your promotion. 3. Cost cutting 4. Hiring process is too slow 5. Everyone is ready to take credit of their junior’s

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

Administration & Facilities Department

3.0
  •  posted on 06 Dec 2021

2.0
 for  Salary and Benefits

Likes

Top management is not good. Work culture is good. Appraisal are not fare. They are not giving proper salary hike and bonus. Bonus is totally depend on senior management not on performance.

read more
  • Skill development - Good
  • +1 more

Dislikes

There is so much politics. Salary is not good and there is no career growth.

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

  • Company culture - Good

Dislikes

... Company gives me 2.5% hike in appraisal after achieving a 70% of YTD Target.... Appraisal and salary hike processes at Kotak Life Insurance are deeply disappointing. Despite dedicated efforts and meeting performance targets, the appraisal system feels arbitrary and lacks transparency. Promises of career growth and salary increments are often unfulfilled, leaving employees demotivated and undervalued. There’s a noticeable disparity between the workload expectations and the compensation provided, which doesn’t align with industry standards. This undermines morale and loyalty among employees, impacting overall productivity and retention. Clearer and fairer appraisal policies are urgently needed to retain talent and boost employee satisfaction."

read more
  • Salary - Bad
  • +2 more

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 04 Jan 2025

3.0
 for  Salary and Benefits

Likes

Only job security

Dislikes

Work environment was not at all good hr and manager gives false commitment they ask to come on Sunday without pay 7 days a week and daily extend shift without any OT or something no positive environment they treat us like machine

read more
  • Skill development - Poor
  • +4 more
see more salary related reviews

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Kotak Mahindara Life Insurance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Kotak Mahindara Life Insurance ?
The average salary of a Assistant Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹2.0 Lakhs to ₹4.8 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Assistant Manager at Kotak Mahindara Life Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Assistant Manager Salaries at Kotak Mahindara Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 700+ Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Assistant Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Assistant Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹26,822 to ₹28,234 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from Fresher to 8 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 700+ salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Assistant Manager at Kotak Mahindara Life Insurance ?
To be a Assistant Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

  • - Branch Operations
  • - Operations
  • - Back Office
  • - Back End Processing
  • - Back Office Operations

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Assistant Manager in India?
AXA ₹10.0 Lakhs to ₹25.0 Lakhs per year
United India Insurance Company ₹7.0 Lakhs to ₹22.0 Lakhs per year
The New India Assurance Co. ₹10.0 Lakhs to ₹19.0 Lakhs per year
The Oriental Insurance Co. ₹6.1 Lakhs to ₹18.0 Lakhs per year
Empower ₹9.8 Lakhs to ₹16.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindara Life Insurance, depending on the role and experience level.
What is the salary of a Assistant Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Assistant Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Gallagher ₹6.5 Lakhs to ₹13.0 Lakhs per year
XL Catlin ₹6.5 Lakhs to ₹16.0 Lakhs per year
AIG ₹5.0 Lakhs to ₹16.0 Lakhs per year
Maruti Suzuki Insurance Broking ₹7.0 Lakhs to ₹13.5 Lakhs per year
Tata AIA Life Insurance ₹3.8 Lakhs to ₹16.1 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Assistant Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Assistant Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Assistant Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹2.3 Lakhs to ₹4.0 Lakhs per year
1 year ₹2.3 Lakhs to ₹4.2 Lakhs per year
2 years ₹2.0 Lakhs to ₹4.6 Lakhs per year
3 years ₹2.0 Lakhs to ₹4.5 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Assistant Manager salary in India ranges between ₹2 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 746 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.