Kotak Mahindara Life Insurance Mumbai Assistant Manager Salaries by 300+ Employees (Updated 2024)

0 - 6 years exp.

₹2 Lakhs - ₹4.8 Lakhs

Salary of majority employees

55% less than the average Assistant Manager Salary in Insurance Companies for 0 - 6 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Customer Success, Service & Operations Assistant Manager Salary 0 - 6 years exp. (110 salaries)	₹2 L/yr - ₹4.6 L/yr
BFSI, Investments & Trading Assistant Manager Salary 0 - 6 years exp. (103 salaries)	₹2.2 L/yr - ₹4.1 L/yr
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Finance & Accounting Assistant Manager Salary 0 - 5 years exp. (26 salaries)	₹2 L/yr - ₹4.5 L/yr
Sales & Business Development Assistant Manager Salary 0 - 6 years exp. (16 salaries)	₹2.3 L/yr - ₹4.5 L/yr
Administration & Facilities Assistant Manager Salary 1 - 6 years exp. (15 salaries)	₹2.3 L/yr - ₹4.5 L/yr

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Last Updated: 18 Dec 2024

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

Kotak Mahindara Life Insurance Assistant Manager Salary

0 - 6 years exp. (381 salaries)

₹2 L/yr - ₹4.8 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Assistant Manager Salary 1 - 9 years exp. (78 salaries)	₹2.9 L/yr - ₹7.5 L/yr 29% more
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 13 years exp. (244 salaries)	₹3 L/yr - ₹7 L/yr 45% more
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SBI Life Insurance Company Assistant Manager Salary 0 - 15 years exp. (204 salaries)	₹4 L/yr - ₹11 L/yr 101% more
Max Life Insurance Assistant Manager Salary 0 - 10 years exp. (71 salaries)	₹2.2 L/yr - ₹7.5 L/yr 17% more	18 job openings
Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 14 years exp. (57 salaries)	₹4 L/yr - ₹11.8 L/yr 99% more
Tata AIA Life Insurance Assistant Manager Salary 2 - 17 years exp. (309 salaries)	₹5 L/yr - ₹18 L/yr 181% more	59 job openings
Reliance Nippon Life Insurance Assistant Manager Salary 2 - 13 years exp. (67 salaries)	₹2.5 L/yr - ₹7 L/yr 12% more
Aditya Birla Sun Life Insurance Assistant Manager Salary 0 - 10 years exp. (143 salaries)	₹1.9 L/yr - ₹6.2 L/yr 22% more
PNB MetLife Assistant Manager Salary 2 - 12 years exp. (60 salaries)	₹2.5 L/yr - ₹8 L/yr 44% more
Life Insurance Corporation of India Assistant Manager Salary 5 - 10 years exp. (5 salaries)	₹3.4 L/yr - ₹8 L/yr 78% more
Kotak Mahindra General Insurance Assistant Manager Salary 1 - 9 years exp. (124 salaries)	₹2 L/yr - ₹4.8 L/yr 6% less
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HDFC Ergo General Insurance Assistant Manager Salary 1 - 11 years exp. (110 salaries)	₹2.9 L/yr - ₹7.3 L/yr 33% more
Aditya Birla Insurance Brokers Assistant Manager Salary 3 - 10 years exp. (27 salaries)	₹2.9 L/yr - ₹8 L/yr 66% more
ICICI Lombard General Insurance Company Assistant Manager Salary 2 - 10 years exp. (24 salaries)	₹3 L/yr - ₹9.3 L/yr 61% more
Star Health & Allied Insurance Assistant Manager Salary 3 - 11 years exp. (24 salaries)	₹3 L/yr - ₹8 L/yr 37% more
The New India Assurance Co. Assistant Manager Salary 5 - 9 years exp. (7 salaries)	₹7 L/yr - ₹18 L/yr 328% more
United India Insurance Company Assistant Manager Salary 6 - 12 years exp. (5 salaries)	₹11 L/yr - ₹19 L/yr 351% more
The Oriental Insurance Co. Assistant Manager Salary 3 - 9 years exp. (4 salaries)	₹9 L/yr - ₹15.5 L/yr 250% 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 6 years. Salary estimates are based on 381 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries in Mumbai

Last Updated: 18 Dec 2024

Experience	Avg Annual Salary
Fresher (27 salaries)	₹2.5 L/yr - ₹4 L/yr
1 year (49 salaries)	₹2.4 L/yr - ₹4.2 L/yr
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2 years (82 salaries)	₹2 L/yr - ₹4.2 L/yr
3 years (68 salaries)	₹2 L/yr - ₹4.5 L/yr
4 years (88 salaries)	₹2.4 L/yr - ₹4.6 L/yr
5 years (42 salaries)	₹2.3 L/yr - ₹4.3 L/yr
6 years (25 salaries)	₹2.5 L/yr - ₹4.8 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

0 - 6 years exp.

Chief Manager

₹

Lakhs/yr

0 - 17 years exp.

Assistant Manager 0 - 6 years exp.

Deputy Manager 0 - 9 years exp.

11% hike

Manager 0 - 12 years exp.

32% hike

From

3 more levels

Assistant Manager

0 - 6 years exp.

Branch Manager

3 - 17 years exp.

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(404 salaries)

₹2 L/yr - ₹5.69 L/yr

Sales Manager Salary

(66 salaries)

₹2.6 L/yr - ₹6.22 L/yr

Relationship Manager Salary

(30 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Branch Manager Salary

(19 salaries)

₹6 L/yr - ₹11 L/yr

Assistant Branch Manager Salary

(11 salaries)

₹5.8 L/yr - ₹7.05 L/yr

Operations Manager Salary

(7 salaries)

₹3.09 L/yr - ₹7.2 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

3.1

Rated by 28 employees for salary & benefits

Assistant Manager in Nagpur

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

Assistant Manager in Faridabad

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

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

Assistant Manager in Faridabad

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.

Dislikes

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

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 26 Jun 2024

1.0

for Salary and Benefits

Likes

Managerial support.

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."

Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 17 Feb 2023

1.0

for Salary and Benefits

Likes

... here 2yrs and they continue lied to me and us.. They have comission based job.. they will never give you any kind of salary..

Dislikes

I like nothing about them.. I m with my word..

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Kotak Mahindara Life Insurance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Kotak Mahindara Life Insurance Mumbai?

Assistant Manager salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹2.0 Lakhs to ₹4.8 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 55% less than the average Assistant Manager Salary in India. Salary estimates are based on 381 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.

How does the salary of a Assistant Manager at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Assistant Manager at Kotak Mahindara Life Insurance is 55% less than the average salary of a Assistant Manager in Mumbai. 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 Mumbai.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Assistant Manager in Mumbai?

United India Insurance Company Assistant Manager Salary - ₹11.0 Lakhs to ₹19.0 Lakhs per year
The New India Assurance Co. Assistant Manager Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
The Oriental Insurance Co. Assistant Manager Salary - ₹9.0 Lakhs to ₹15.5 Lakhs per year
Tata AIA Life Insurance Assistant Manager Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year
SBI Life Insurance Company Assistant Manager Salary - ₹4.0 Lakhs to ₹11.0 Lakhs per year

What is the salary of a Assistant Manager in companies similar to Kotak Mahindara Life Insurance in Mumbai?

Bajaj Allianz Life Insurance Assistant Manager Salary - ₹4.0 Lakhs to ₹11.8 Lakhs per year
Life Insurance Corporation of India Assistant Manager Salary - ₹3.4 Lakhs to ₹8.0 Lakhs per year
Aditya Birla Insurance Brokers Assistant Manager Salary - ₹2.9 Lakhs to ₹8.0 Lakhs per year
ICICI Lombard General Insurance Company Assistant Manager Salary - ₹3.0 Lakhs to ₹9.3 Lakhs per year
ICICI Prudential Life Insurance Assistant Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year

What is the estimated take home salary of a Assistant Manager at Kotak Mahindara Life Insurance in Mumbai?

The estimated take-home salary of a Assistant Manager at Kotak Mahindara Life Insurance ranges between ₹26,883 per month to ₹28,294 per month in Mumbai. 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 6 years. Check how did we calculate take home salary?

What is the notice period for Assistant Manager at Kotak Mahindara Life Insurance in Mumbai?

According to AmbitionBox, 61% of the Kotak Mahindara Life Insurance Assistant Managers in Mumbai reported a notice period of 3 Months, 16% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 212 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Assistant Manager Salaries in Mumbai

Kotak Mahindara Life Insurance Assistant Manager salary in Mumbai ranges between ₹2 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 381 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Assistant Manager salaries in Mumbai

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

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

Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Assistant Manager

Salary related reviews for Kotak Mahindara Life Insurance

Assistant Manager in Nagpur

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Assistant Manager in Faridabad

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Kotak Mahindara Life Insurance Assistant Manager Salary FAQs

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