Kotak Mahindara Life Insurance Mumbai Suburban Assistant Manager Salaries by 40+ Employees (Updated 2025)

0 - 6 years exp.

₹2.3 Lakhs - ₹4.1 Lakhs

Salary of majority employees

49% 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. (15 salaries)	₹3 L/yr - ₹4.1 L/yr
BFSI, Investments & Trading Assistant Manager Salary 1 - 6 years exp. (12 salaries)	₹2.3 L/yr - ₹3.9 L/yr
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Finance & Accounting Assistant Manager Salary 2 - 6 years exp. (6 salaries)	₹3.5 L/yr - ₹3.9 L/yr
Data Science & Analytics Assistant Manager Salary 2 - 3 years exp. (4 salaries)	₹3.5 L/yr - ₹4 L/yr
Sales & Business Development Assistant Manager Salary 2 - 4 years exp. (4 salaries)	₹2.5 L/yr - ₹4 L/yr

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Last Updated: 12 Feb 2025

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

Kotak Mahindara Life Insurance Assistant Manager Salary

0 - 6 years exp. (46 salaries)

₹2.3 L/yr - ₹4.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Assistant Manager Salary 5 - 17 years exp. (11 salaries)	₹5.7 L/yr - ₹12 L/yr 139% more	56 job openings
Reliance Nippon Life Insurance Assistant Manager Salary 4 - 12 years exp. (6 salaries)	₹3.1 L/yr - ₹5.2 L/yr At par
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PNB MetLife Assistant Manager Salary 7 - 9 years exp. (3 salaries)	₹3.9 L/yr - ₹6.8 L/yr 23% more	4 job openings
Kotak Mahindra General Insurance Assistant Manager Salary 2 - 4 years exp. (5 salaries)	₹2.3 L/yr - ₹4 L/yr 5% less
Kotak Securities Assistant Manager Salary 0 - 7 years exp. (63 salaries)	₹1.8 L/yr - ₹4.5 L/yr 8% less	7 job openings

Assistant Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.3 Lakhs to ₹4.1 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries in Mumbai Suburban

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹6.3 L/yr
1 year (3 salaries)	₹2.8 L/yr - ₹6.4 L/yr
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2 years (10 salaries)	₹2.5 L/yr - ₹3.9 L/yr
3 years (14 salaries)	₹2.3 L/yr - ₹4 L/yr
4 years (9 salaries)	₹2.7 L/yr - ₹4.1 L/yr
5 years (5 salaries)	₹3.2 L/yr - ₹4 L/yr
6 years (3 salaries)	₹1.5 L/yr - ₹4 L/yr

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From

Assistant Manager

₹

Lakhs/yr

0 - 8 years exp.

Chief Manager

₹

Lakhs/yr

0 - 17 years exp.

Assistant Manager 0 - 8 years exp.

Deputy Manager 0 - 9 years exp.

12% hike

Manager 0 - 12 years exp.

29% hike

From

3 more levels

Assistant Manager

0 - 8 years exp.

Branch Manager

3 - 18 years exp.

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

3.0

Rated by 3 employees for salary & benefits

Assistant Manager in Mumbai Suburban

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.

Salary - Poor

+2 more

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

Salary - Poor

+5 more

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

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

Salary - Poor

+4 more

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.

Skill development - Good

+1 more

Dislikes

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

Salary - Poor

+3 more

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.

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."

Salary - Bad

+2 more

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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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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 Suburban?

Assistant Manager salary at Kotak Mahindara Life Insurance in Mumbai Suburban ranges between ₹2.3 Lakhs to ₹4.1 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 49% less than the average Assistant Manager Salary in India. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai Suburban.

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

The average salary of a Assistant Manager at Kotak Mahindara Life Insurance is 49% less than the average salary of a Assistant Manager in Mumbai Suburban. 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 Suburban.

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

Tata AIA Life Insurance Assistant Manager Salary - ₹5.7 Lakhs to ₹12.0 Lakhs per year
PNB MetLife Assistant Manager Salary - ₹3.9 Lakhs to ₹6.8 Lakhs per year
Reliance Nippon Life Insurance Assistant Manager Salary - ₹3.1 Lakhs to ₹5.2 Lakhs per year

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

Kotak Mahindra General Insurance Assistant Manager Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
Kotak Securities Assistant Manager Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year

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

The estimated take-home salary of a Assistant Manager at Kotak Mahindara Life Insurance ranges between ₹27,127 per month to ₹28,534 per month in Mumbai Suburban. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Assistant Manager salary in India which ranges between ₹2.3 Lakhs to ₹4.1 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 Suburban?

According to AmbitionBox, 77% of the Kotak Mahindara Life Insurance Assistant Managers in Mumbai Suburban reported a notice period of 3 Months, 18% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 22 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Assistant Manager Salaries in Mumbai Suburban

Kotak Mahindara Life Insurance Assistant Manager salary in Mumbai Suburban ranges between ₹2.3 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 46 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.