Kotak Mahindara Life Insurance Branch Operations and Service Manager Salaries by 4 Employees

1 - 4 years exp.

₹3 Lakhs - ₹4.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

43% less than the average Branch Operations and Service Manager Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Branch Operations and Service Manager Salary 1 - 4 years exp. (3 salaries)	₹3.6 L/yr - ₹4.3 L/yr
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Finance & Accounting Branch Operations and Service Manager Salary 1 year exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 24 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Branch Operations and Service Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Branch Operations and Service Manager Salary 6 - 16 years exp. (5 salaries)	₹4.5 L/yr - ₹5.6 L/yr 29% more
HDFC Ergo General Insurance Branch Operations and Service Manager Salary 4 - 14 years exp. (4 salaries)	₹3.8 L/yr - ₹7.2 L/yr 29% more
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HDFC Life Branch Operations and Service Manager Salary 6 - 8 years exp. (3 salaries)	₹3.8 L/yr - ₹4.9 L/yr 8% more
AU Small Finance Bank Branch Operations and Service Manager Salary 4 - 13 years exp. (175 salaries)	₹3.4 L/yr - ₹12.5 L/yr 104% more
IDFC FIRST Bank Branch Operations and Service Manager Salary 4 - 11 years exp. (65 salaries)	₹2.8 L/yr - ₹9.3 L/yr 72% more	1 job opening

Branch Operations and Service Manager salary at Kotak Mahindara Life Insurance ranges between ₹3 Lakhs to ₹4.3 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Branch Operations and Service Manager salaries

Last Updated: 24 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
2 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
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3 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Senior Operations Manager Salary

(8 salaries)

₹6 L/yr - ₹14.5 L/yr

Operations Manager Salary

(42 salaries)

₹2.65 L/yr - ₹9 L/yr

Customer Service Manager Salary

(4 salaries)

₹5.75 L/yr - ₹8.7 L/yr

Relationship Manager Salary

(212 salaries)

₹1.8 L/yr - ₹6.5 L/yr

Service Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Branch Manager Salary

(204 salaries)

₹5 L/yr - ₹13.5 L/yr

Operations Executive Salary

(20 salaries)

₹2.2 L/yr - ₹4.5 L/yr

Deputy Branch Manager Salary

(7 salaries)

₹3.2 L/yr - ₹4.5 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.7 L/yr - ₹32.8 L/yr

Project Manager Salary

(14 salaries)

₹6.5 L/yr - ₹22 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

2.0

Rated by 1 employees for salary & benefits

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

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..

Salary - Bad

+6 more

Deputy Manager in Thane

Alternate Sales Department

2.0

• posted on 13 Apr 2022

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank branches alloted were doing good business

Dislikes

1st salary badly delayed, but was personally sorted by HR. No support even in case of family emergency and hence had to resign having no choice

Salary - Poor

+5 more

Deputy Manager in Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 16 Jun 2020

2.0

for Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

Skill development - Good

+1 more

Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

Salary - Poor

+1 more

Team Manager in Kolkata

Customer Success, Service & Operations Department

1.0

• posted on 23 May 2019

1.0

for Salary and Benefits

Likes

They are misleading youth.... They dont pay a single penny or salary until and unless candidate got promoted to the next level.. totally worst... Why someone works for them free of cost... Totally worst.....

Dislikes

Nothing is good.... Totally bad. Don't give a salary rather forces candidates to do policies..

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Kotak Mahindara Life Insurance Branch Operations and Service Manager Salary FAQs

What is the salary of Branch Operations and Service Manager at Kotak Mahindara Life Insurance ?

The average salary of a Branch Operations and Service Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹3.0 Lakhs to ₹4.3 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Branch Operations and Service Manager at Kotak Mahindara Life Insurance earn more than ₹4.3 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. Branch Operations and Service Manager Salaries at Kotak Mahindara Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Kotak Mahindara Life Insurance employees in India.

What is the estimated take home salary of a Branch Operations and Service Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Branch Operations and Service Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹28,477 to ₹29,864 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from 1 year to 4 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindara Life Insurance for Branch Operations and Service Manager in India?

AU Small Finance Bank	₹3.4 Lakhs to ₹12.5 Lakhs per year
IDFC FIRST Bank	₹2.8 Lakhs to ₹9.3 Lakhs per year
HDFC Ergo General Insurance	₹3.8 Lakhs to ₹7.2 Lakhs per year
ICICI Lombard General Insurance Company	₹4.5 Lakhs to ₹5.6 Lakhs per year
HDFC Life	₹3.8 Lakhs to ₹4.9 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindara Life Insurance, depending on the role and experience level.

How the salary growth look like for a Branch Operations and Service Manager at Kotak Mahindara Life Insurance in India?

The salary growth for a Branch Operations and Service Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Branch Operations and Service Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
1 year	₹3.1 Lakhs to ₹3.9 Lakhs per year
2 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
3 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
4 years	₹3.9 Lakhs to ₹4.9 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Branch Operations and Service Manager Salaries

Kotak Mahindara Life Insurance Branch Operations and Service Manager salary in India ranges between ₹3 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Branch Operations and Service Manager salaries in India

Companies similar to Kotak Mahindara Life Insurance for Branch Operations and Service Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Branch Operations and Service Manager

Experience wise Kotak Mahindara Life Insurance Branch Operations and Service Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Salary related reviews for Kotak Mahindara Life Insurance

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Deputy Manager in Thane

Deputy Manager in Mumbai

Team Manager in Kolkata

Kotak Mahindara Life Insurance Branch Operations and Service Manager Salary FAQs

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