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Kotak Mahindara Life Insurance Chief Manager salaries in Mumbai (Updated 2025)

Annual salary range
0 - 17 years exp.
₹5.5 Lakhs - ₹18.5 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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45% less than the average Chief Manager Salary in Insurance Companies for 0 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Chief Manager Salary
0 - 16 years exp. (51 salaries)
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₹5.5 L/yr - ₹18.5 L/yr

Finance & Accounting
Chief Manager Salary
1 - 15 years exp. (40 salaries)
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₹8.2 L/yr - ₹17 L/yr

Sales & Business Development
Chief Manager Salary
2 - 15 years exp. (28 salaries)
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₹5.5 L/yr - ₹15 L/yr

Product Management
Chief Manager Salary
0 - 13 years exp. (17 salaries)
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₹7.7 L/yr - ₹13.8 L/yr

Customer Success, Service & Operations
Chief Manager Salary
2 - 17 years exp. (16 salaries)
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₹7 L/yr - ₹14 L/yr

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Last Updated: 31 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Chief Manager in Mumbai

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Kotak Mahindara Life Insurance Chief Manager Salary

0 - 17 years exp. (262 salaries)

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₹5.5 L/yr - ₹18.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹10 L/yr - ₹23 L/yr

arrow icon 38% more
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HDFC Life Chief Manager Salary

5 - 20 years exp. (162 salaries)

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₹14 L/yr - ₹31 L/yr

arrow icon 92% more
2 job openings
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₹8 L/yr - ₹25 L/yr

arrow icon 27% more
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₹14.5 L/yr - ₹40 L/yr

arrow icon 126% more
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₹13 L/yr - ₹35 L/yr

arrow icon 101% more
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₹8.3 L/yr - ₹18.5 L/yr

arrow icon 30% more
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₹18 L/yr - ₹37.8 L/yr

arrow icon 106% more
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Axis Max Life Insurance Chief Manager Salary

13 - 20 years exp. (14 salaries)

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₹12.6 L/yr - ₹30 L/yr

arrow icon 97% more
3 job openings
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₹20.9 L/yr - ₹26 L/yr

arrow icon 74% more
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Gallagher Chief Manager Salary

7 - 13 years exp. (3 salaries)

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₹15 L/yr - ₹17.5 L/yr

arrow icon 37% more
Chief Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.5 Lakhs to ₹18.5 Lakhs per year for employees with less than 1 year of experience to 17 years. Salary estimates are based on 262 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

1d ago
₹15 Lakhs
12 years exp.
3d ago
₹13 Lakhs
16 years exp.
3d ago
₹13.5 Lakhs
13 years exp.
1w ago
₹12 Lakhs
1 year exp.
1w ago
₹14.3 Lakhs
9 years exp.
1w ago
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12 years exp.
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3 years exp.
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5 years exp.
2w ago
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6 years exp.
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17 years exp.

Experience wise Kotak Mahindara Life Insurance Chief Manager salaries in Mumbai

Last Updated: 31 Mar 2025

Experience Avg Annual Salary
Fresher  (10 salaries)

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₹10 L/yr - ₹13.8 L/yr
1 year  (7 salaries)

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₹9 L/yr - ₹15.5 L/yr
2 years  (18 salaries)

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₹8 L/yr - ₹15 L/yr
3 years  (31 salaries)

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₹6.5 L/yr - ₹17 L/yr
4 years  (25 salaries)

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₹6.4 L/yr - ₹15.5 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(433 salaries)
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₹2.25 L/yr - ₹5.74 L/yr
Sales Manager Salary
(76 salaries)
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₹2.6 L/yr - ₹5.75 L/yr
Branch Manager Salary
(19 salaries)
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₹6 L/yr - ₹11 L/yr
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₹3.09 L/yr - ₹7.2 L/yr
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₹7.31 L/yr - ₹12.5 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

3.0

Rated by 31 employees for salary & benefits

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.

read more
  • 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

read more
  • Salary - Poor
  • +1 more

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.

read more

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

read more
  • 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

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  • Salary - Poor
  • +2 more

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.

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  • 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.

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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.

read more
  • Work satisfaction - Bad
  • +1 more
see more salary related reviews

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Kotak Mahindara Life Insurance Chief Manager Salary FAQs

What is the salary of Chief Manager at Kotak Mahindara Life Insurance in Mumbai?
The average salary of a Chief Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹5.5 Lakhs to ₹18.5 Lakhs per year, depending on experience (from Fresher to 17 years).

The top 10% of Chief Manager in Mumbai at Kotak Mahindara Life Insurance earn more than ₹14.5 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. Chief 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 200+ Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Chief Manager at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Chief Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹86,311 to ₹88,572 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from Fresher to 17 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 200+ salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Chief Manager at Kotak Mahindara Life Insurance in Mumbai?
To be a Chief Manager at Kotak Mahindara Life Insurance in Mumbai, the key skills required include:

  • - Field Work
  • - Agency Channel
  • - Channel Sales
  • - Channel Distribution
  • - Agency Management

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Chief Manager in India?
ICICI Prudential Life Insurance ₹14.5 Lakhs to ₹40.0 Lakhs per year
Bajaj Allianz Life Insurance ₹18.0 Lakhs to ₹37.8 Lakhs per year
Aditya Birla Sun Life Insurance ₹13.0 Lakhs to ₹35.0 Lakhs per year
Axis Max Life Insurance ₹12.6 Lakhs to ₹30.0 Lakhs per year
HDFC Life ₹14.0 Lakhs to ₹31.0 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.
What is the salary of a Chief Manager in companies similar to Kotak Mahindara Life Insurance in Mumbai?
The salary of a Chief Manager at companies similar to Kotak Mahindara Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Insurance Brokers ₹20.9 Lakhs to ₹26.0 Lakhs per year
ICICI Lombard General Insurance Company ₹10.0 Lakhs to ₹23.0 Lakhs per year
Gallagher ₹15.0 Lakhs to ₹17.5 Lakhs per year
Kotak Mahindra General Insurance ₹8.3 Lakhs to ₹18.5 Lakhs per year
Reliance Nippon Life Insurance ₹8.0 Lakhs to ₹25.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Chief Manager at Kotak Mahindara Life Insurance in Mumbai?
The salary growth for a Chief Manager at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Chief Manager in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹10.0 Lakhs to ₹13.8 Lakhs per year
1 year ₹9.0 Lakhs to ₹15.5 Lakhs per year
2 years ₹8.0 Lakhs to ₹15.0 Lakhs per year
3 years ₹6.5 Lakhs to ₹17.0 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Chief Manager salary in Mumbai ranges between ₹5.5 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 262 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.