Kotak Mahindara Life Insurance Claims Manager Salaries by 3 Employees (Updated 2025)

6 - 8 years exp.

₹7.7 Lakhs - ₹8.9 Lakhs

Low Confidence

Salary of majority employees

47% more than the average Claims Manager Salary in Insurance Companies for 6 - 8 years of experience

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Last Updated: 12 Apr 2024

Companies similar to Kotak Mahindara Life Insurance for Claims Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Claims Manager Salary 4 - 16 years exp. (5 salaries)	₹7.8 L/yr - ₹10 L/yr 2% less
HDFC Life Claims Manager Salary 5 - 17 years exp. (6 salaries)	₹7 L/yr - ₹14.4 L/yr 29% more
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SBI Life Insurance Company Claims Manager Salary 16 - 20 years exp. (3 salaries)	₹12.5 L/yr - ₹15.5 L/yr 70% more
Bajaj Allianz Life Insurance Claims Manager Salary 10 - 13 years exp. (4 salaries)	₹11.5 L/yr - ₹13.1 L/yr 51% more
Tata AIA Life Insurance Claims Manager Salary 5 - 17 years exp. (4 salaries)	₹8.6 L/yr - ₹12 L/yr 29% more
Care Health Insurance Claims Manager Salary 0 - 9 years exp. (342 salaries)	₹1.9 L/yr - ₹7.8 L/yr 42% less	1 job opening
ICICI Lombard General Insurance Company Claims Manager Salary 3 - 11 years exp. (55 salaries)	₹2.7 L/yr - ₹8.5 L/yr 35% less
HDFC Ergo General Insurance Claims Manager Salary 1 - 15 years exp. (37 salaries)	₹3.5 L/yr - ₹12.5 L/yr 4% less
Star Health & Allied Insurance Claims Manager Salary 2 - 15 years exp. (21 salaries)	₹2.2 L/yr - ₹8.4 L/yr 36% less	1 job opening
SBI General Insurance Claims Manager Salary 4 - 18 years exp. (9 salaries)	₹4.6 L/yr - ₹15 L/yr 2% more	1 job opening
Kotak Mahindra General Insurance Claims Manager Salary 4 - 11 years exp. (4 salaries)	₹4.1 L/yr - ₹7 L/yr 38% less
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United India Insurance Company Claims Manager Salary 5 - 14 years exp. (3 salaries)	₹5 L/yr - ₹18 L/yr 41% more
Aditya Birla Insurance Brokers Claims Manager Salary 8 - 9 years exp. (3 salaries)	₹7 L/yr - ₹10 L/yr 7% more

Claims Manager salary at Kotak Mahindara Life Insurance ranges between ₹7.7 Lakhs to ₹8.9 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Claims Manager salaries

Last Updated: 12 Apr 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹13.9 L/yr
7 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹8.9 L/yr
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8 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹8.9 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹1.4 L/yr - ₹3.2 L/yr

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Medical Officer Salary

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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

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.

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

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

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.

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

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.

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..

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindara Life Insurance Claims Manager Salary FAQs

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

According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Claims Managers reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Claims Manager Salaries

Kotak Mahindara Life Insurance Claims Manager salary in India ranges between ₹7.7 Lakhs to ₹8.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.