Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Kotak Mahindara Life Insurance Team. If you also belong to the team, you can get access from here
filter salariesFilter salaries by

Kotak Mahindara Life Insurance Claims Manager salaries in India (Updated 2025)

Annual salary range
6 - 8 years exp.
₹7 Lakhs - ₹8.9 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

43% more than the average Claims Manager Salary in Insurance Companies for 6 - 8 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Claims Manager Salary
6 - 8 years exp. (3 salaries)
unlock-blur

₹7.7 L/yr - ₹8.9 L/yr

Customer Success, Service & Operations
Claims Manager Salary
8 years exp. (AmbitionBox Estimate)
unlock-blur

₹6.3 L/yr - ₹7.7 L/yr

Last Updated: 20 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Claims Manager

Company name Avg Annual Salary Open Jobs
unlock blur

₹2.7 L/yr - ₹8 L/yr

arrow icon 37% less
unlock blur

₹4.6 L/yr - ₹12.5 L/yr

arrow icon 4% more
unlock blur

₹2.2 L/yr - ₹9 L/yr

arrow icon 32% less
Logo
HDFC Life Claims Manager Salary

5 - 17 years exp. (6 salaries)

unlock blur

₹7 L/yr - ₹14.4 L/yr

arrow icon 32% more
unlock blur

₹7.8 L/yr - ₹10 L/yr

At par
Logo
Tata AIA Life Insurance Claims Manager Salary

5 - 17 years exp. (4 salaries)

unlock blur

₹8.6 L/yr - ₹12 L/yr

arrow icon 31% more
unlock blur

₹4.1 L/yr - ₹7 L/yr

arrow icon 36% less
unlock blur

₹11.5 L/yr - ₹13.1 L/yr

arrow icon 55% more
unlock blur

₹6 L/yr - ₹9.3 L/yr

arrow icon 9% more
Logo
unlock blur

₹12.5 L/yr - ₹15.5 L/yr

arrow icon 73% more
unlock blur

₹5 L/yr - ₹18 L/yr

arrow icon 43% more
Claims Manager salary at Kotak Mahindara Life Insurance ranges between ₹7 Lakhs to ₹8.9 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Claims Manager

3d ago
₹7 Lakhs
8 years exp.
10mo ago
₹7.7 Lakhs
6 years exp.
1y ago
₹8.9 Lakhs
8 years exp.
1y ago
₹8.9 Lakhs
7 years exp.

Experience wise Kotak Mahindara Life Insurance Claims Manager salaries

Last Updated: 20 Feb 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

unlock blur

₹7.7 L/yr - ₹14.8 L/yr
7 years (AmbitionBox Estimate)

unlock blur

₹3.3 L/yr - ₹8.9 L/yr
8 years (AmbitionBox Estimate)

unlock blur

₹7 L/yr - ₹8.9 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Team Manager Salary
(12 salaries)
unlock blur
₹1.2 L/yr - ₹7.46 L/yr
Chief Manager Salary
(468 salaries)
unlock blur
₹5.14 L/yr - ₹18.5 L/yr
Deputy Manager Salary
(762 salaries)
unlock blur
₹2 L/yr - ₹5.74 L/yr
unlock blur
₹2.5 L/yr - ₹5.85 L/yr
unlock blur
₹1.8 L/yr - ₹6.5 L/yr
Claims Executive Salary
(AmbitionBox Estimate)
unlock blur
₹2.3 L/yr - ₹3 L/yr
Team Lead Salary
(34 salaries)
unlock blur
₹1.2 L/yr - ₹6.95 L/yr
Medical Officer Salary
(AmbitionBox Estimate)
unlock blur
₹4.1 L/yr - ₹5.2 L/yr
Analyst Salary
(4 salaries)
unlock blur
₹2.6 L/yr - ₹15.8 L/yr
unlock blur
₹2.8 L/yr - ₹3.51 L/yr

Top skills at Kotak Mahindara Life Insurance for Claims Manager

Claims Claims Processing Claims Management MIS Reporting Regulatory Reporting IRDA Insurance Claims

Salary related reviews for Kotak Mahindara Life Insurance

2.9

Rated by 2 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

 · 

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

read more
  • Skill development - Poor
  • +4 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

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

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..

read more

Dislikes

I like nothing about them.. I m with my word..

  • Salary - Bad
  • +6 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Kotak Mahindara Life Insurance Claims Manager Salary FAQs

What is the salary of Claims Manager at Kotak Mahindara Life Insurance ?
The average salary of a Claims Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹7.0 Lakhs to ₹8.9 Lakhs per year, depending on experience (from 6 years to 8 years).

The top 10% of Claims Manager at Kotak Mahindara Life Insurance earn more than ₹8.9 Lakhs per year, and the top 1% earn over ₹8.9 Lakhs per year. Claims 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 Claims Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Claims Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹59,897 to ₹61,411 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹8.9 Lakhs per year for employees with experience ranging from 6 years to 8 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.
What are the key skills required to be a Claims Manager at Kotak Mahindara Life Insurance ?
To be a Claims Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

  • - Claims
  • - Claims Processing
  • - Claims Management
  • - MIS Reporting
  • - Regulatory Reporting

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 Claims Manager in India?
SBI Life Insurance Company ₹12.5 Lakhs to ₹15.5 Lakhs per year
Bajaj Allianz Life Insurance ₹11.5 Lakhs to ₹13.1 Lakhs per year
United India Insurance Company ₹5.0 Lakhs to ₹18.0 Lakhs per year
HDFC Life ₹7.0 Lakhs to ₹14.4 Lakhs per year
Tata AIA Life Insurance ₹8.6 Lakhs to ₹12.0 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 Claims Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Claims Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Insurance Brokers ₹6.0 Lakhs to ₹9.3 Lakhs per year
HDFC Ergo General Insurance ₹4.6 Lakhs to ₹12.5 Lakhs per year
ICICI Prudential Life Insurance ₹7.8 Lakhs to ₹10.0 Lakhs per year
Star Health & Allied Insurance ₹2.2 Lakhs to ₹9.0 Lakhs per year
Kotak Mahindra General Insurance ₹4.1 Lakhs to ₹7.0 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 Claims Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Claims Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Claims Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
6 years ₹7.7 Lakhs to ₹14.8 Lakhs per year
7 years ₹3.3 Lakhs to ₹8.9 Lakhs per year
8 years ₹7.0 Lakhs to ₹8.9 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Claims Manager salary in India ranges between ₹7 Lakhs to ₹8.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.