Kotak Mahindara Life Insurance Chief Manager Salaries by 400+ Employees (Updated 2025)

0 - 17 years exp.

₹5 Lakhs - ₹18.4 Lakhs

Salary of majority employees

49% less than the average Chief Manager Salary in Insurance Companies for 0 - 17 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 0 - 16 years exp. (113 salaries)	₹4.5 L/yr - ₹20 L/yr
Sales & Business Development Chief Manager Salary 0 - 16 years exp. (92 salaries)	₹4.5 L/yr - ₹15 L/yr
Login to view exact salary
Finance & Accounting Chief Manager Salary 1 - 15 years exp. (44 salaries)	₹7 L/yr - ₹19.5 L/yr
Marketing & Communication Chief Manager Salary 0 - 16 years exp. (23 salaries)	₹5.3 L/yr - ₹16.4 L/yr
Customer Success, Service & Operations Chief Manager Salary 2 - 17 years exp. (22 salaries)	₹7 L/yr - ₹14 L/yr

View all

Last Updated: 20 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Chief Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Chief Manager Salary 8 - 23 years exp. (70 salaries)	₹14.5 L/yr - ₹40 L/yr 148% more
HDFC Life Chief Manager Salary 5 - 20 years exp. (195 salaries)	₹11.1 L/yr - ₹30 L/yr 100% more
Login to view exact salary
SBI Life Insurance Company Chief Manager Salary 2 - 20 years exp. (4 salaries)	₹17 L/yr - ₹40 L/yr 167% more
Max Life Insurance Chief Manager Salary 8 - 20 years exp. (189 salaries)	₹11.9 L/yr - ₹40.7 L/yr 103% more	3 job openings
Bajaj Allianz Life Insurance Chief Manager Salary 7 - 21 years exp. (59 salaries)	₹12.5 L/yr - ₹41.9 L/yr 128% more
Reliance Nippon Life Insurance Chief Manager Salary 7 - 23 years exp. (111 salaries)	₹7.9 L/yr - ₹24 L/yr 24% more
Aditya Birla Sun Life Insurance Chief Manager Salary 4 - 20 years exp. (55 salaries)	₹13 L/yr - ₹35 L/yr 88% more
PNB MetLife Chief Manager Salary 6 - 16 years exp. (55 salaries)	₹14 L/yr - ₹30.6 L/yr 105% more
Ageas Federal Life Insurance Chief Manager Salary 9 - 17 years exp. (17 salaries)	₹10.3 L/yr - ₹19.8 L/yr 68% more
Bharti AXA Life Insurance Chief Manager Salary 14 - 20 years exp. (4 salaries)	₹11.6 L/yr - ₹15 L/yr 11% more
Edelweiss Life Insurance Chief Manager Salary 4 - 18 years exp. (50 salaries)	₹11 L/yr - ₹25 L/yr 41% more
Login to view exact salary
Kotak Mahindra Bank Chief Manager Salary 7 - 19 years exp. (894 salaries)	₹8.8 L/yr - ₹31 L/yr 58% more
Axis Bank Chief Manager Salary 9 - 15 years exp. (5 salaries)	₹13 L/yr - ₹16.6 L/yr 42% more
Standard Chartered Chief Manager Salary 6 - 18 years exp. (3 salaries)	₹10 L/yr - ₹18 L/yr 36% more
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (465 salaries)	₹9.5 L/yr - ₹24 L/yr 44% more
SBI General Insurance Chief Manager Salary 4 - 20 years exp. (57 salaries)	₹11.5 L/yr - ₹27 L/yr 49% more
Kotak Mahindra General Insurance Chief Manager Salary 10 - 19 years exp. (46 salaries)	₹8.3 L/yr - ₹18.5 L/yr 30% more
Star Health & Allied Insurance Chief Manager Salary 5 - 20 years exp. (41 salaries)	₹5.3 L/yr - ₹21.3 L/yr 13% more
Life Insurance Corporation of India Chief Manager Salary 29 - 32 years exp. (5 salaries)	₹8 L/yr - ₹25 L/yr 62% more
Aditya Birla Insurance Brokers Chief Manager Salary 6 - 18 years exp. (5 salaries)	₹20.8 L/yr - ₹26 L/yr 86% more

View all

Chief Manager salary at Kotak Mahindara Life Insurance ranges between ₹5 Lakhs to ₹18.4 Lakhs per year for employees with less than 1 year of experience to 17 years. Salary estimates are based on 477 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Chief Manager salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
Fresher (10 salaries)	₹7.5 L/yr - ₹13 L/yr
1 year (8 salaries)	₹7 L/yr - ₹12 L/yr
Login to view exact salary
2 years (18 salaries)	₹7 L/yr - ₹15 L/yr
3 years (35 salaries)	₹5 L/yr - ₹17 L/yr
4 years (28 salaries)	₹5.2 L/yr - ₹15 L/yr
5 years (31 salaries)	₹4.5 L/yr - ₹17 L/yr
6 years (25 salaries)	₹5 L/yr - ₹15 L/yr
7 years (46 salaries)	₹5 L/yr - ₹20 L/yr
8 years (40 salaries)	₹4.7 L/yr - ₹19.4 L/yr
9 years (36 salaries)	₹4.6 L/yr - ₹19.8 L/yr
10 years (37 salaries)	₹5 L/yr - ₹16.4 L/yr
11 years (37 salaries)	₹5.4 L/yr - ₹16.4 L/yr
12 years (26 salaries)	₹5.5 L/yr - ₹15.5 L/yr
13 years (40 salaries)	₹5.5 L/yr - ₹19 L/yr
14 years (29 salaries)	₹5.5 L/yr - ₹20 L/yr
15+ years (31 salaries)	₹6.5 L/yr - ₹20 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Area Manager Salary

(26 salaries)

₹5.7 L/yr - ₹17.9 L/yr

Sales Manager Salary

(544 salaries)

₹2 L/yr - ₹6.28 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Cluster Manager Salary

(34 salaries)

₹4.96 L/yr - ₹14.55 L/yr

Branch Manager Salary

(201 salaries)

₹4.5 L/yr - ₹13 L/yr

Deputy Manager Salary

(732 salaries)

₹2 L/yr - ₹5.69 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹14.2 L/yr - ₹18.2 L/yr

Operations Manager Salary

(39 salaries)

₹2.65 L/yr - ₹8.5 L/yr

Area Sales Manager Salary

(8 salaries)

₹3.5 L/yr - ₹8.4 L/yr

Sales Officer Salary

(8 salaries)

₹1.5 L/yr - ₹4 L/yr

Top skills at Kotak Mahindara Life Insurance for Chief Manager

Field Work Agency Channel Channel Sales Channel Distribution Agency Management Soldier Activities UAT Test Cases Management Reporting Training Management Life Insurance Sales Training Risk Management Project Management Compliance

Salary related reviews for Kotak Mahindara Life Insurance

3.2

Rated by 84 employees for salary & benefits

Chief Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 20 Aug 2024

2.0

for Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

Job security - Excellent

+2 more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

Salary - Poor

+1 more

Chief Manager in Mumbai

Full Time

Finance & Accounting Department

4.0

• posted on 04 Apr 2024

3.0

for Salary and Benefits

Likes

Work life balance is okay. Good place to work in. Maximum professionally qualified employees.

Job security - Good

+1 more

Dislikes

No Employee benefits. Salary lower than industry standards. No comp off. Politics (common in every organisation) No work from home.

Chief Manager in Silchar

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 27 Jul 2023

5.0

for Salary and Benefits

Likes

HR support is very good.. Salary amd Incentive payout

Salary - Excellent

+2 more

Dislikes

Kotak is big brand to work but few of the Senior Managers made the work culture worst just for their benefits... They doesn't have feelings about the pain of employees.

Work satisfaction - Bad

+1 more

Chief Manager in Mumbai

Insurance Department

4.0

• posted on 26 Mar 2021

2.0

for Salary and Benefits

Likes

Gives you ample opportunity and space to grow and learn. Leaders are respectful and open to your views. New exciting projects available in all departments to create impact Talent is recognised

Job security - Excellent

+3 more

Dislikes

...ed behaviour Digital adoption is lacking On average, promotions take 3-4 years Salary hikes are limited Grand sounding designations/roles for e.g. deputy manager in peer company is senior manager here (for lesser salary) Talent is recognised but not adequately rewarded

Salary - Poor

+2 more

Chief Manager in Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 13 Apr 2019

3.0

for Salary and Benefits

Likes

This company is ready to give you the freedom to explore as long as you are ready to give your commitment. KLI help your growth prospects in your career.

Skill development - Excellent

+5 more

Dislikes

The company needs to rebook at the pay scale of employees who have spent time with company and have grown up the ladder as they feel not matched up to others in the industry.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

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!

Got a question about Kotak Mahindara Life Insurance?

Ask anonymously on communities.

Kotak Mahindara Life Insurance Chief Manager Salary FAQs

What is the salary of Chief Manager at Kotak Mahindara Life Insurance?

Chief Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹5.0 Lakhs to ₹18.4 Lakhs for less than 1 year of experience to 17 years. According to our estimates it is 49% less than the average Chief Manager Salary in India. Salary estimates are based on 477 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Chief Manager at Kotak Mahindara Life Insurance is 49% less than the average salary of a Chief Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Chief Manager at Kotak Mahindara Life Insurance?

Field Work, Agency Channel, Channel Sales, Channel Distribution and Agency Management are some of the popular skills required to work as a Chief Manager at Kotak Mahindara Life Insurance India.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Chief Manager in India?

SBI Life Insurance Company Chief Manager Salary - ₹17.0 Lakhs to ₹40.0 Lakhs per year
ICICI Prudential Life Insurance Chief Manager Salary - ₹14.5 Lakhs to ₹40.0 Lakhs per year
Bajaj Allianz Life Insurance Chief Manager Salary - ₹12.5 Lakhs to ₹41.9 Lakhs per year
PNB MetLife Chief Manager Salary - ₹14.0 Lakhs to ₹30.6 Lakhs per year
Max Life Insurance Chief Manager Salary - ₹11.9 Lakhs to ₹40.7 Lakhs per year

What is the salary of a Chief Manager in companies similar to Kotak Mahindara Life Insurance in India?

HDFC Life Chief Manager Salary - ₹11.1 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Sun Life Insurance Chief Manager Salary - ₹13.0 Lakhs to ₹35.0 Lakhs per year
Aditya Birla Insurance Brokers Chief Manager Salary - ₹20.8 Lakhs to ₹26.0 Lakhs per year
Ageas Federal Life Insurance Chief Manager Salary - ₹10.3 Lakhs to ₹19.8 Lakhs per year
Life Insurance Corporation of India Chief Manager Salary - ₹8.0 Lakhs to ₹25.0 Lakhs per year

What is the estimated take home salary of a Chief Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Chief Manager at Kotak Mahindara Life Insurance ranges between ₹80,809 per month to ₹82,915 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Chief Manager salary in India which ranges between ₹5.0 Lakhs to ₹18.4 Lakhs per year for employees with less than 1 year of experience to 17 years. Check how did we calculate take home salary?

What is the notice period for Chief Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 54% of the Kotak Mahindara Life Insurance Chief Managers reported a notice period of 3 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 314 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Chief Manager Salaries by Location

Home >
Salaries >
Kotak Mahindara Life Insurance Salaries >
Kotak Mahindara Life Insurance Chief Manager Salaries

Kotak Mahindara Life Insurance Chief Manager salary in India ranges between ₹5 Lakhs to ₹18.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 477 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Chief Manager salaries in India

Companies similar to Kotak Mahindara Life Insurance for Chief Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Chief Manager

Experience wise Kotak Mahindara Life Insurance Chief Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Chief Manager

Salary related reviews for Kotak Mahindara Life Insurance

Chief Manager in Mumbai

Chief Manager in Mumbai

Chief Manager in Silchar

Chief Manager in Mumbai

Chief Manager in Mumbai

Kotak Mahindara Life Insurance Chief Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindara Life Insurance Chief Manager Salaries by Location