Kotak Mahindara Life Insurance Assistant Manager Salaries by 50+ Employees (Updated 2025)

0 - 7 years exp.

₹2 Lakhs - ₹4.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

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

Last Updated: 22 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Assistant Manager in Finance & Accounting department

Company name	Avg Annual Salary	Open Jobs
AIG Assistant Manager Salary 3 - 13 years exp. (129 salaries)	₹5.2 L/yr - ₹15.5 L/yr 178% more
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 11 years exp. (44 salaries)	₹3.5 L/yr - ₹6.9 L/yr 44% more
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SBI Life Insurance Company Assistant Manager Salary 0 - 15 years exp. (34 salaries)	₹4 L/yr - ₹10.5 L/yr 94% more
Axis Max Life Insurance Assistant Manager Salary 0 - 8 years exp. (33 salaries)	₹2.8 L/yr - ₹4.5 L/yr 12% more	27 job openings
Tata AIA Life Insurance Assistant Manager Salary 3 - 15 years exp. (33 salaries)	₹5 L/yr - ₹16.1 L/yr 161% more	29 job openings
Aditya Birla Sun Life Insurance Assistant Manager Salary 0 - 10 years exp. (33 salaries)	₹2.7 L/yr - ₹6.5 L/yr 18% more
Kotak Mahindra General Insurance Assistant Manager Salary 0 - 7 years exp. (29 salaries)	₹2.4 L/yr - ₹4.8 L/yr 4% more
Bajaj Allianz Life Insurance Assistant Manager Salary 2 - 14 years exp. (28 salaries)	₹4.9 L/yr - ₹11.3 L/yr 142% more	1 job opening
Star Health & Allied Insurance Assistant Manager Salary 4 - 10 years exp. (22 salaries)	₹3 L/yr - ₹6.5 L/yr 38% more
Shriram Life Insurance Assistant Manager Salary 1 - 14 years exp. (18 salaries)	₹3.3 L/yr - ₹10 L/yr 69% more
HDFC Ergo General Insurance Assistant Manager Salary 1 - 9 years exp. (17 salaries)	₹3 L/yr - ₹8.2 L/yr 31% more
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Reliance Nippon Life Insurance Assistant Manager Salary 2 - 12 years exp. (13 salaries)	₹2.5 L/yr - ₹7 L/yr 6% more
HDFC Life Assistant Manager Salary 1 - 9 years exp. (13 salaries)	₹4 L/yr - ₹6.5 L/yr 38% more
XL Catlin Assistant Manager Salary 4 - 10 years exp. (10 salaries)	₹10 L/yr - ₹16 L/yr 233% more
The New India Assurance Co. Assistant Manager Salary 6 - 11 years exp. (7 salaries)	₹12 L/yr - ₹16 L/yr 308% more
United India Insurance Company Assistant Manager Salary 6 - 11 years exp. (4 salaries)	₹14 L/yr - ₹22 L/yr 438% more
Empower Assistant Manager Salary 10 - 15 years exp. (3 salaries)	₹11.1 L/yr - ₹12.6 L/yr 239% more
AXA Assistant Manager Salary 3 - 10 years exp. (3 salaries)	₹16 L/yr - ₹20 L/yr 360% more
Aditya Birla Insurance Brokers Assistant Manager Salary 4 - 7 years exp. (3 salaries)	₹7 L/yr - ₹8.9 L/yr 98% more

Assistant Manager salary at Kotak Mahindara Life Insurance ranges between ₹2 Lakhs to ₹4.6 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 59 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Manager in Finance & Accounting department

5d ago

₹3.9 Lakhs

3 years exp.

6d ago

₹3.2 Lakhs

2 years exp.

1w ago

₹4.5 Lakhs

5 years exp.

1w ago

₹3.7 Lakhs

4 years exp.

1w ago

₹4 Lakhs

4 years exp.

1w ago

6 years exp.

1w ago

2 years exp.

1w ago

1 year exp.

2w ago

4 years exp.

3w ago

7 years exp.

Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries in Finance & Accounting department

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
Fresher (6 salaries)	₹2.7 L/yr - ₹3.7 L/yr
1 year (6 salaries)	₹2.5 L/yr - ₹3.9 L/yr
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2 years (12 salaries)	₹2 L/yr - ₹3.9 L/yr
3 years (8 salaries)	₹2.5 L/yr - ₹4.1 L/yr
4 years (17 salaries)	₹2.5 L/yr - ₹4.6 L/yr
5 years (5 salaries)	₹2.8 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
7 years (3 salaries)	₹3.6 L/yr - ₹4.1 L/yr

View all

From

Assistant Manager

₹

Lakhs/yr

0 - 8 years exp.

Branch Manager

₹

Lakhs/yr

3 - 18 years exp.

Assistant Manager

0 - 8 years exp.

Deputy Manager

0 - 9 years exp.

10% hike

Sales Manager

0 - 10 years exp.

10% hike

From

View 3 more levels

Assistant Manager

0 - 8 years exp.

Chief Manager

0 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹1.8 L/yr - ₹7 L/yr

Senior Officer Salary

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₹2 L/yr - ₹6.5 L/yr

Team Lead Salary

(34 salaries)

₹1.2 L/yr - ₹6.95 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

3.0

Rated by 3 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

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

Deputy Manager in Mumbai

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

Skill development - Poor

+4 more

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Kotak Mahindara Life Insurance Assistant Manager Salaries by Location

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Kotak Mahindara Life Insurance Assistant Manager Salaries

Kotak Mahindara Life Insurance Assistant Manager salary in Finance & Accounting department in India ranges between ₹2 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 59 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Assistant Manager salaries in Finance & Accounting in India (Updated 2025)

Companies similar to Kotak Mahindara Life Insurance for Assistant Manager in Finance & Accounting department

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Manager in Finance & Accounting department

Experience wise Kotak Mahindara Life Insurance Assistant Manager salaries in Finance & Accounting department

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

Assistant Manager in Faridabad

Assistant Manager in Faridabad

Sales Manager in Mumbai

Deputy Manager in Mumbai

Tell us how to improve this page.

Kotak Mahindara Life Insurance Assistant Manager Salaries by Location