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Kotak Mahindara Life Insurance Assistant Manager salaries in India

Annual salary range
0 - 8 years exp.
₹2 Lakhs - ₹4.8 Lakhs
Salary of majority employees
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56% 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. (213 salaries)
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₹2 L/yr - ₹4.6 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
0 - 7 years exp. (170 salaries)
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₹2.2 L/yr - ₹4.8 L/yr

Finance & Accounting
Assistant Manager Salary
0 - 7 years exp. (58 salaries)
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₹2 L/yr - ₹4.5 L/yr

Sales & Business Development
Assistant Manager Salary
0 - 6 years exp. (30 salaries)
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₹2.3 L/yr - ₹4.5 L/yr

Administration & Facilities
Assistant Manager Salary
1 - 7 years exp. (25 salaries)
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₹2.1 L/yr - ₹4.5 L/yr

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Last Updated: 19 Feb 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 - 9 years exp. (258 salaries)

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₹2.4 L/yr - ₹7 L/yr

arrow icon 30% more
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₹3 L/yr - ₹7.1 L/yr

arrow icon 45% more
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₹4 L/yr - ₹12 L/yr

arrow icon 96% more
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Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (994 salaries)

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₹2 L/yr - ₹8 L/yr

arrow icon 15% more
7 job openings
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₹3 L/yr - ₹13.6 L/yr

arrow icon 114% more
1 job opening
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Tata AIA Life Insurance Assistant Manager Salary

2 - 17 years exp. (575 salaries)

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₹3.7 L/yr - ₹14 L/yr

arrow icon 140% more
56 job openings
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₹2 L/yr - ₹7.3 L/yr

arrow icon 7% more
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₹2 L/yr - ₹6.2 L/yr

arrow icon 18% more
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PNB MetLife Assistant Manager Salary

0 - 11 years exp. (159 salaries)

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₹1.8 L/yr - ₹8 L/yr

arrow icon 20% more
4 job openings
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₹4.2 L/yr - ₹13 L/yr

arrow icon 106% 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 737 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Manager

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Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries

Last Updated: 19 Feb 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 L/yr - ₹4.2 L/yr
2 years  (153 salaries)

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₹2 L/yr - ₹4.6 L/yr
3 years  (137 salaries)

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₹2 L/yr - ₹4.5 L/yr
4 years  (139 salaries)

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₹2.3 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.

Chief Manager

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0 - 17 years exp.

Assistant Manager 0 - 8 years exp.
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Deputy Manager 0 - 9 years exp.
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arrow icon 12% hike
Manager 0 - 12 years exp.
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arrow icon 29% hike

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From

3 more levels

To

Assistant Manager

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0 - 8 years exp.

Branch Manager

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3 - 18 years exp.

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹1.6 L/yr - ₹4 L/yr
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₹3.75 L/yr - ₹8.5 L/yr
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₹2.65 L/yr - ₹8.5 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
(201 salaries)
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₹4.5 L/yr - ₹13 L/yr
Deputy Manager Salary
(732 salaries)
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₹2 L/yr - ₹5.69 L/yr
Sales Manager Salary
(544 salaries)
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₹2 L/yr - ₹6.28 L/yr
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₹1.8 L/yr - ₹7 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

3.0
  •  posted on 25 Jan 2025

2.0
 for  Salary and Benefits

Likes

I believe my work has an impact on the company as a whole the company's values align with my own.

  • Job security - Excellent
  • +1 more

Dislikes

While I appreciate the opportunities my current job has provided, I find the compensation and benefits don't align with industry standards. I'm looking for a role that recognizes and rewards my contributions more fittingly.

read more
  • Salary - Poor
  • +2 more

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.

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  • Skill development - Good
  • +1 more

Dislikes

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

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  • 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
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?
Assistant Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹2.0 Lakhs to ₹4.8 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 56% less than the average Assistant Manager Salary in India. Salary estimates are based on 737 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Assistant Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Assistant Manager at Kotak Mahindara Life Insurance is 56% less than the average salary of a Assistant Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Assistant Manager at Kotak Mahindara Life Insurance?
Branch Operations, Operations, Back Office, Back End Processing and Back Office Operations are some of the popular skills required to work as a Assistant Manager at Kotak Mahindara Life Insurance India.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Assistant Manager in India?
  • AXA Assistant Manager Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
  • United India Insurance Company Assistant Manager Salary - ₹7.0 Lakhs to ₹22.0 Lakhs per year
  • The New India Assurance Co. Assistant Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year
  • Empower Assistant Manager Salary - ₹9.8 Lakhs to ₹16.5 Lakhs per year
  • The Oriental Insurance Co. Assistant Manager Salary - ₹6.1 Lakhs to ₹18.0 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • XL Catlin Assistant Manager Salary - ₹6.5 Lakhs to ₹16.0 Lakhs per year
  • Gallagher Assistant Manager Salary - ₹6.5 Lakhs to ₹12.2 Lakhs per year
  • AIG Assistant Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
  • Tata AIA Life Insurance Assistant Manager Salary - ₹3.7 Lakhs to ₹14.0 Lakhs per year
  • Maruti Suzuki Insurance Broking Assistant Manager Salary - ₹7.0 Lakhs to ₹10.5 Lakhs per year
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 ranges between ₹26,935 per month to ₹28,345 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Assistant Manager salary in India which ranges between ₹2.0 Lakhs to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 53% of the Kotak Mahindara Life Insurance Assistant Managers reported a notice period of 3 Months, 21% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 572 responses on AmbitionBox in last 2 years.

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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 737 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.