Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Kotak Mahindara Life Insurance Team. If you also belong to the team, you can get access from here
3.8

based on 2.7k Reviews

filter salariesFilter salaries by

Kotak Mahindara Life Insurance Assistant Manager salaries in Mumbai Suburban

Annual salary range
0 - 6 years exp.
₹2.3 Lakhs - ₹4.1 Lakhs
Salary of majority employees
unlock blur
unlock blur

49% less than the average Assistant Manager Salary in Insurance Companies for 0 - 6 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

Customer Success, Service & Operations
Assistant Manager Salary
0 - 6 years exp. (15 salaries)
unlock-blur

₹3 L/yr - ₹4.1 L/yr

BFSI, Investments & Trading
Assistant Manager Salary
1 - 6 years exp. (12 salaries)
unlock-blur

₹2.3 L/yr - ₹3.9 L/yr

Finance & Accounting
Assistant Manager Salary
2 - 6 years exp. (6 salaries)
unlock-blur

₹3.5 L/yr - ₹3.9 L/yr

Data Science & Analytics
Assistant Manager Salary
2 - 3 years exp. (4 salaries)
unlock-blur

₹3.5 L/yr - ₹4 L/yr

Sales & Business Development
Assistant Manager Salary
2 - 4 years exp. (4 salaries)
unlock-blur

₹2.5 L/yr - ₹3.8 L/yr

View all

Last Updated: 6 Jan 2025

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

Logo
Kotak Mahindara Life Insurance Assistant Manager Salary

0 - 6 years exp. (45 salaries)

unlock blur

₹2.3 L/yr - ₹4.1 L/yr

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

3 - 8 years exp. (6 salaries)

unlock blur

₹3.5 L/yr - ₹6.3 L/yr

arrow icon 30% more
unlock blur

₹3.1 L/yr - ₹5.2 L/yr

arrow icon 12% more
Logo
PNB MetLife Assistant Manager Salary

7 - 9 years exp. (3 salaries)

unlock blur

₹3.9 L/yr - ₹6.8 L/yr

arrow icon 28% more
2 job openings
unlock blur

₹2.3 L/yr - ₹4 L/yr

arrow icon 2% less
Logo
Kotak Securities Assistant Manager Salary

0 - 7 years exp. (62 salaries)

unlock blur

₹1.8 L/yr - ₹4.5 L/yr

arrow icon 7% less
3 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 45 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

1w ago
avg blur mobile
2 years exp.
2w ago
avg blur mobile
6 years exp.
1mo ago
avg blur mobile
6 years exp.
3mo ago
avg blur mobile
3 years exp.
3mo ago
avg blur mobile
3 years exp.
3mo ago
avg blur mobile
3 years exp.
4mo ago
avg blur mobile
6 years exp.
4mo ago
avg blur mobile
2 years exp.
5mo ago
avg blur mobile
5 years exp.
10mo ago
avg blur mobile
2 years exp.

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

Last Updated: 6 Jan 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

unlock blur

₹3 L/yr - ₹6.2 L/yr
1 year  (4 salaries)

unlock blur

₹2.8 L/yr - ₹6.3 L/yr
2 years  (10 salaries)

unlock blur

₹2.5 L/yr - ₹3.9 L/yr
3 years  (12 salaries)

unlock blur

₹2.3 L/yr - ₹4 L/yr
4 years  (9 salaries)

unlock blur

₹2.7 L/yr - ₹4.1 L/yr
View all
Kotak Mahindara Life Insurance Assistant Manager Salary and Career Growth

From

To

Assistant Manager

unlock blur Lakhs/yr

0 - 7 years exp.

Chief Manager

unlock blur Lakhs/yr

0 - 17 years exp.

Assistant Manager 0 - 7 years exp.
unlock blur
Deputy Manager 0 - 9 years exp.
unlock blur
arrow icon 10% hike
Manager 0 - 12 years exp.
unlock blur
arrow icon 34% hike

View more

From

3 more levels

To

Assistant Manager

unlock blur

0 - 7 years exp.

Branch Manager

unlock blur

3 - 17 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

4.0

Rated by 2 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

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

read 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

Dislikes

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

read more

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."

read 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
see more salary related reviews

Discover interview dos and don'ts from real experiences

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 45 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?
  • HDFC Life Assistant Manager Salary - ₹3.5 Lakhs to ₹6.3 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 ₹26,572 per month to ₹27,988 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, 75% of the Kotak Mahindara Life Insurance Assistant Managers in Mumbai Suburban reported a notice period of 3 Months, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 20 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

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 ₹unlock blur. Salary estimates are based on 45 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.