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Kotak Mahindara Life Insurance Assistant Manager salaries in Bangalore / Bengaluru

Annual salary range
0 - 7 years exp.
₹2.1 Lakhs - ₹4.6 Lakhs
Salary of majority employees
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57% less than the average Assistant Manager Salary in Insurance Companies for 0 - 7 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Customer Success, Service & Operations
Assistant Manager Salary
0 - 5 years exp. (20 salaries)
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₹2.8 L/yr - ₹4.6 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
0 - 6 years exp. (12 salaries)
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₹2.3 L/yr - ₹4 L/yr

Finance & Accounting
Assistant Manager Salary
0 - 6 years exp. (8 salaries)
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₹2.2 L/yr - ₹3.9 L/yr

Administration & Facilities
Assistant Manager Salary
1 - 7 years exp. (5 salaries)
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₹2.1 L/yr - ₹3.9 L/yr

Marketing & Communication
Assistant Manager Salary
2 - 5 years exp. (3 salaries)
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₹3.4 L/yr - ₹4.5 L/yr

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Last Updated: 9 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Assistant Manager in Bangalore / Bengaluru

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Kotak Mahindara Life Insurance Assistant Manager Salary

0 - 7 years exp. (64 salaries)

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₹2.1 L/yr - ₹4.6 L/yr

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

1 - 9 years exp. (55 salaries)

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₹3.2 L/yr - ₹6.8 L/yr

arrow icon 41% more
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₹4.2 L/yr - ₹6.8 L/yr

arrow icon 47% more
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₹5.2 L/yr - ₹10.5 L/yr

arrow icon 107% more
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Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (62 salaries)

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₹2.5 L/yr - ₹6 L/yr

arrow icon 17% more
12 job openings
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₹4.2 L/yr - ₹9 L/yr

arrow icon 112% more
1 job opening
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₹4.5 L/yr - ₹9 L/yr

arrow icon 120% more
56 job openings
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₹2.5 L/yr - ₹5 L/yr

arrow icon 2% more
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₹3 L/yr - ₹6 L/yr

arrow icon 20% more
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PNB MetLife Assistant Manager Salary

6 - 9 years exp. (4 salaries)

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₹4.3 L/yr - ₹6.1 L/yr

arrow icon 24% more
4 job openings
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AIG Assistant Manager Salary

3 - 13 years exp. (67 salaries)

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₹6.1 L/yr - ₹15.6 L/yr

arrow icon 188% more
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Empower Assistant Manager Salary

10 - 17 years exp. (33 salaries)

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₹9.8 L/yr - ₹16.5 L/yr

arrow icon 245% more
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₹3 L/yr - ₹4.5 L/yr

arrow icon 8% more
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₹3 L/yr - ₹9 L/yr

arrow icon 19% more
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₹10 L/yr - ₹22 L/yr

arrow icon 417% more
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₹10.5 L/yr - ₹19 L/yr

arrow icon 328% more
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AXA Assistant Manager Salary

2 - 6 years exp. (6 salaries)

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₹14 L/yr - ₹25 L/yr

arrow icon 367% more
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Gallagher Assistant Manager Salary

6 - 11 years exp. (5 salaries)

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₹7.5 L/yr - ₹13 L/yr

arrow icon 215% more
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₹5 L/yr - ₹9.5 L/yr

arrow icon 90% more
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₹5.2 L/yr - ₹7 L/yr

arrow icon 65% more
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Allianz Assistant Manager Salary

8 - 11 years exp. (3 salaries)

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₹7.4 L/yr - ₹8 L/yr

arrow icon 108% more
Assistant Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.1 Lakhs to ₹4.6 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 64 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Manager in Bangalore / Bengaluru

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Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries in Bangalore / Bengaluru

Last Updated: 9 Feb 2025

Experience Avg Annual Salary
Fresher  (8 salaries)

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₹2.3 L/yr - ₹3.5 L/yr
1 year  (20 salaries)

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₹2.7 L/yr - ₹4 L/yr
2 years  (14 salaries)

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₹2 L/yr - ₹4.5 L/yr
3 years  (8 salaries)

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

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₹2.5 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

Sales Manager Salary
(70 salaries)
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₹3 L/yr - ₹5.5 L/yr
Deputy Manager Salary
(56 salaries)
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₹2.5 L/yr - ₹5.5 L/yr
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₹2.25 L/yr - ₹7 L/yr
Branch Manager Salary
(25 salaries)
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₹5.3 L/yr - ₹11.12 L/yr
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₹6 L/yr - ₹6.49 L/yr
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₹3.63 L/yr - ₹5.5 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

3.9

Rated by 4 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

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  • 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.

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
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Kotak Mahindara Life Insurance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Kotak Mahindara Life Insurance Bangalore / Bengaluru?
Assistant Manager salary at Kotak Mahindara Life Insurance in Bangalore / Bengaluru ranges between ₹2.1 Lakhs to ₹4.6 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 57% less than the average Assistant Manager Salary in India. Salary estimates are based on 64 latest salaries received from various employees of Kotak Mahindara Life Insurance Bangalore / Bengaluru.
How does the salary of a Assistant Manager at Kotak Mahindara Life Insurance Bangalore / Bengaluru compare with the average salary range for this job?
The average salary of a Assistant Manager at Kotak Mahindara Life Insurance is 57% less than the average salary of a Assistant Manager in Bangalore / Bengaluru. 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 Bangalore / Bengaluru.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Assistant Manager in Bangalore / Bengaluru?
  • United India Insurance Company Assistant Manager Salary - ₹10.0 Lakhs to ₹22.0 Lakhs per year
  • AXA Assistant Manager Salary - ₹14.0 Lakhs to ₹25.0 Lakhs per year
  • The New India Assurance Co. Assistant Manager Salary - ₹10.5 Lakhs to ₹19.0 Lakhs per year
  • Empower Assistant Manager Salary - ₹9.8 Lakhs to ₹16.5 Lakhs per year
  • Gallagher Assistant Manager Salary - ₹7.5 Lakhs to ₹13.0 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Kotak Mahindara Life Insurance in Bangalore / Bengaluru?
  • AIG Assistant Manager Salary - ₹6.1 Lakhs to ₹15.6 Lakhs per year
  • Tata AIA Life Insurance Assistant Manager Salary - ₹4.5 Lakhs to ₹9.0 Lakhs per year
  • Bajaj Allianz Life Insurance Assistant Manager Salary - ₹4.2 Lakhs to ₹9.0 Lakhs per year
  • Allianz Assistant Manager Salary - ₹7.4 Lakhs to ₹8.0 Lakhs per year
  • SBI Life Insurance Company Assistant Manager Salary - ₹5.2 Lakhs to ₹10.5 Lakhs per year
What is the estimated take home salary of a Assistant Manager at Kotak Mahindara Life Insurance in Bangalore / Bengaluru?
The estimated take-home salary of a Assistant Manager at Kotak Mahindara Life Insurance ranges between ₹26,556 per month to ₹27,972 per month in Bangalore / Bengaluru. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Assistant Manager salary in India which ranges between ₹2.1 Lakhs to ₹4.6 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 Bangalore / Bengaluru?
According to AmbitionBox, 49% of the Kotak Mahindara Life Insurance Assistant Managers in Bangalore / Bengaluru reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 35 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Assistant Manager salary in Bangalore / Bengaluru ranges between ₹2.1 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 64 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.