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Kotak Mahindara Life Insurance Assistant Manager salaries in Chennai

Annual salary range
0 - 7 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 - 7 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Customer Success, Service & Operations
Assistant Manager Salary
1 - 6 years exp. (25 salaries)
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₹2.8 L/yr - ₹4.3 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
0 - 6 years exp. (9 salaries)
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₹2.5 L/yr - ₹4.8 L/yr

Finance & Accounting
Assistant Manager Salary
0 - 4 years exp. (3 salaries)
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₹3.2 L/yr - ₹4.5 L/yr

Human Resources
Assistant Manager Salary
3 - 4 years exp. (3 salaries)
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₹2 L/yr - ₹3.7 L/yr

Sales & Business Development
Assistant Manager Salary
0 - 4 years exp. (3 salaries)
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₹2.8 L/yr - ₹4 L/yr

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Last Updated: 13 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Assistant Manager in Chennai

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Kotak Mahindara Life Insurance Assistant Manager Salary

0 - 7 years exp. (55 salaries)

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₹2 L/yr - ₹4.8 L/yr

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

3 - 9 years exp. (11 salaries)

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₹3 L/yr - ₹6 L/yr

arrow icon 33% more
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₹4 L/yr - ₹6.7 L/yr

arrow icon 48% more
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₹4.5 L/yr - ₹9.5 L/yr

arrow icon 104% more
Logo
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₹3.3 L/yr - ₹8.3 L/yr

arrow icon 128% more
56 job openings
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₹2.5 L/yr - ₹5.5 L/yr

arrow icon 20% more
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PNB MetLife Assistant Manager Salary

3 - 4 years exp. (3 salaries)

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₹2.5 L/yr - ₹4.3 L/yr

arrow icon 15% more
3 job openings
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₹3 L/yr - ₹8.4 L/yr

arrow icon 43% more
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₹3 L/yr - ₹6.7 L/yr

arrow icon 33% more
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₹2 L/yr - ₹4.3 L/yr

arrow icon 3% more
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₹3.6 L/yr - ₹7.3 L/yr

arrow icon 20% more
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₹3.3 L/yr - ₹6.1 L/yr

arrow icon 46% more
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₹4 L/yr - ₹5.5 L/yr

arrow icon 43% more
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₹4 L/yr - ₹8 L/yr

arrow icon 70% more
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₹7 L/yr - ₹15.5 L/yr

arrow icon 295% more
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 7 years. Salary estimates are based on 55 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Manager in Chennai

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Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries in Chennai

Last Updated: 13 Feb 2025

Experience Avg Annual Salary
Fresher  (4 salaries)

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₹2.7 L/yr - ₹3.6 L/yr
1 year  (8 salaries)

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₹2.5 L/yr - ₹3.7 L/yr
2 years  (7 salaries)

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₹2.8 L/yr - ₹4 L/yr
3 years  (13 salaries)

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₹2 L/yr - ₹4.3 L/yr
4 years  (12 salaries)

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₹2.5 L/yr - ₹4.5 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 30% 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

Deputy Manager Salary
(56 salaries)
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₹2.5 L/yr - ₹5.5 L/yr
Sales Manager Salary
(49 salaries)
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₹2 L/yr - ₹5.5 L/yr
Branch Manager Salary
(14 salaries)
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₹5.5 L/yr - ₹8.5 L/yr
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₹3 L/yr - ₹4.6 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

2.6

Rated by 3 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.

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
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 Chennai?
Assistant Manager salary at Kotak Mahindara Life Insurance in Chennai ranges between ₹2.0 Lakhs to ₹4.8 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 56% less than the average Assistant Manager Salary in India. Salary estimates are based on 55 latest salaries received from various employees of Kotak Mahindara Life Insurance Chennai.
How does the salary of a Assistant Manager at Kotak Mahindara Life Insurance Chennai 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 Chennai. 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 Chennai.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Assistant Manager in Chennai?
  • United India Insurance Company Assistant Manager Salary - ₹7.0 Lakhs to ₹15.5 Lakhs per year
  • Tata AIA Life Insurance Assistant Manager Salary - ₹3.3 Lakhs to ₹8.3 Lakhs per year
  • SBI Life Insurance Company Assistant Manager Salary - ₹4.5 Lakhs to ₹9.5 Lakhs per year
  • ICICI Lombard General Insurance Company Assistant Manager Salary - ₹4.0 Lakhs to ₹8.0 Lakhs per year
  • ICICI Prudential Life Insurance Assistant Manager Salary - ₹4.0 Lakhs to ₹6.7 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Kotak Mahindara Life Insurance in Chennai?
  • Aditya Birla Insurance Brokers Assistant Manager Salary - ₹3.3 Lakhs to ₹6.1 Lakhs per year
  • Star Health & Allied Insurance Assistant Manager Salary - ₹3.0 Lakhs to ₹8.4 Lakhs per year
  • Shriram Life Insurance Assistant Manager Salary - ₹4.0 Lakhs to ₹5.5 Lakhs per year
  • HDFC Ergo General Insurance Assistant Manager Salary - ₹3.0 Lakhs to ₹6.7 Lakhs per year
  • HDFC Life Assistant Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Assistant Manager at Kotak Mahindara Life Insurance in Chennai?
The estimated take-home salary of a Assistant Manager at Kotak Mahindara Life Insurance ranges between ₹26,477 per month to ₹27,894 per month in Chennai. 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 7 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager at Kotak Mahindara Life Insurance in Chennai?
According to AmbitionBox, 37% of the Kotak Mahindara Life Insurance Assistant Managers in Chennai reported a notice period of 3 Months, 33% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 30 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Assistant Manager salary in Chennai ranges between ₹2 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 55 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.