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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Assistant Manager salaries in Administration & Facilities in India

Annual salary range
1 - 7 years exp.
₹2.1 Lakhs - ₹4.5 Lakhs
Salary of majority employees
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53% less than the average Assistant Manager Salary in Insurance Companies for 1 - 7 years of experience

Interested in this particular role? 1 job opening

Last Updated: 10 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Assistant Manager in Administration & Facilities department

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

4 - 9 years exp. (8 salaries)

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₹3 L/yr - ₹6.8 L/yr

arrow icon 41% more
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₹5.2 L/yr - ₹9.6 L/yr

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₹3 L/yr - ₹6 L/yr

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₹3.2 L/yr - ₹5.6 L/yr

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CBRE Assistant Manager Salary

1 - 17 years exp. (315 salaries)

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₹4 L/yr - ₹10 L/yr

arrow icon 85% more
Assistant Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.1 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Manager in Administration & Facilities department

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Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries in Administration & Facilities department

Last Updated: 10 Dec 2024

Experience Avg Annual Salary
1 year  (4 salaries)

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₹2.7 L/yr - ₹6.2 L/yr
2 years  (6 salaries)

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₹2 L/yr - ₹6.3 L/yr
3 years  (5 salaries)

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₹2.3 L/yr - ₹4 L/yr
4 years  (6 salaries)

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₹3 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4 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 - 7 years exp.

Chief Manager

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0 - 17 years exp.

Assistant Manager 0 - 7 years exp.
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Deputy Manager 0 - 9 years exp.
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arrow icon 10% hike
Manager 0 - 12 years exp.
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arrow icon 33% hike

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From

3 more levels

To

Assistant Manager

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0 - 7 years exp.

Branch Manager

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3 - 17 years exp.

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹1.6 L/yr - ₹4 L/yr
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₹4.45 L/yr - ₹8.5 L/yr
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₹2.65 L/yr - ₹8.5 L/yr
Team Manager Salary
(13 salaries)
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₹1.2 L/yr - ₹8.73 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Branch Manager Salary
(199 salaries)
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₹5 L/yr - ₹13 L/yr
Deputy Manager Salary
(861 salaries)
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₹2 L/yr - ₹5.69 L/yr
Sales Manager Salary
(528 salaries)
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₹1.65 L/yr - ₹6.22 L/yr
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₹1.8 L/yr - ₹5.8 L/yr
Senior Officer Salary
(3 salaries)
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₹2 L/yr - ₹6.5 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

3.7

Rated by 10 employees for salary & benefits

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

 · 

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

 · 

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."

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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

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Kotak Mahindara Life Insurance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Kotak Mahindara Life Insurance in Administration & Facilities department?
Assistant Manager salary at Kotak Mahindara Life Insurance in Administration & Facilities department in India ranges between ₹2.1 Lakhs to ₹4.5 Lakhs for experience between 1 years to 7 years. According to our estimates it is 53% less than the average Assistant Manager Salary in India. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindara Life Insurance India in Administration & Facilities department.
How does the salary of a Assistant Manager at Kotak Mahindara Life Insurance India in Administration & Facilities department compare with the average salary range for this job?
The average salary of a Assistant Manager at Kotak Mahindara Life Insurance in Administration & Facilities department is 53% less than the average salary of a Assistant Manager in India. 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 India.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Assistant Manager in Administration & Facilities department in India?
  • Bajaj Allianz Life Insurance Assistant Manager Salary - ₹5.2 Lakhs to ₹9.6 Lakhs per year
  • CBRE Assistant Manager Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year
  • Star Health & Allied Insurance Assistant Manager Salary - ₹3.2 Lakhs to ₹5.6 Lakhs per year
  • HDFC Life Assistant Manager Salary - ₹3.0 Lakhs to ₹6.8 Lakhs per year
  • Reliance Nippon Life Insurance Assistant Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Assistant Manager in Administration & Facilities department at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Assistant Manager in Administration & Facilities department at Kotak Mahindara Life Insurance ranges between ₹26,013 per month to ₹27,436 per month in India. 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 ₹4.5 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager in Administration & Facilities department at Kotak Mahindara Life Insurance?
According to AmbitionBox, 58% of the Kotak Mahindara Life Insurance Assistant Managers in Administration & Facilities department reported a notice period of 3 Months, 19% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 43 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Assistant Manager salary in Administration & Facilities department in India ranges between ₹2.1 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 25 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.