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

Annual salary range
6 - 16 years exp.
₹5 Lakhs - ₹14.6 Lakhs
Salary of majority employees
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11% less than the average Cluster Manager Salary in Insurance Companies for 6 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Salary
6 - 16 years exp. (12 salaries)
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₹5 L/yr - ₹12.3 L/yr

Sales & Business Development
Cluster Manager Salary
7 - 14 years exp. (8 salaries)
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₹7 L/yr - ₹15 L/yr

Finance & Accounting
Cluster Manager Salary
9 - 11 years exp. (3 salaries)
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₹7.1 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Cluster Manager Salary
15 - 16 years exp. (AmbitionBox Estimate)
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₹7.2 L/yr - ₹8 L/yr

Last Updated: 17 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Cluster Manager

Company name Avg Annual Salary Open Jobs
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₹6.1 L/yr - ₹14 L/yr

arrow icon 9% more
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HDFC Life Cluster Manager Salary

5 - 16 years exp. (295 salaries)

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₹5 L/yr - ₹12 L/yr

arrow icon 10% more
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₹3.5 L/yr - ₹5.3 L/yr

arrow icon 47% less
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Axis Max Life Insurance Cluster Manager Salary

6 - 15 years exp. (190 salaries)

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₹5.6 L/yr - ₹14 L/yr

arrow icon 23% more
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₹4.2 L/yr - ₹14.3 L/yr

arrow icon 8% more
1 job opening
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₹5 L/yr - ₹16 L/yr

arrow icon 12% more
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₹5.2 L/yr - ₹14 L/yr

arrow icon 15% more
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Tata AIA Life Insurance Cluster Manager Salary

6 - 19 years exp. (49 salaries)

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₹4.5 L/yr - ₹18.6 L/yr

arrow icon 35% more
7 job openings
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PNB MetLife Cluster Manager Salary

5 - 23 years exp. (39 salaries)

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₹4.9 L/yr - ₹17 L/yr

arrow icon 47% more
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₹3.7 L/yr - ₹10 L/yr

arrow icon 20% less
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SBI General Insurance Cluster Manager Salary

6 - 18 years exp. (38 salaries)

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₹4.8 L/yr - ₹15.3 L/yr

arrow icon 10% more
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Shriram Life Insurance Cluster Manager Salary

8 - 18 years exp. (21 salaries)

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₹3.8 L/yr - ₹6.5 L/yr

arrow icon 39% less
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₹4.1 L/yr - ₹13.5 L/yr

arrow icon 23% more
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₹3.8 L/yr - ₹10.9 L/yr

arrow icon 2% less
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₹5.3 L/yr - ₹7.7 L/yr

arrow icon 25% less
Cluster Manager salary at Kotak Mahindara Life Insurance ranges between ₹5 Lakhs to ₹14.6 Lakhs per year for employees with experience between 6 years to 16 years. Salary estimates are based on 34 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Cluster Manager

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12 years exp.
5d ago
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16 years exp.
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9 years exp.
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16 years exp.
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6 years exp.
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11 years exp.
1mo ago
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14 years exp.
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13 years exp.
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14 years exp.
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10 years exp.

Experience wise Kotak Mahindara Life Insurance Cluster Manager salaries

Last Updated: 17 Feb 2025

Experience Avg Annual Salary
6 years  (3 salaries)

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₹7.4 L/yr - ₹11.7 L/yr
7 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹9.5 L/yr
8 years  (3 salaries)

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₹5.5 L/yr - ₹9.2 L/yr
9 years  (5 salaries)

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₹5 L/yr - ₹12.5 L/yr
10 years  (4 salaries)

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₹7 L/yr - ₹12.3 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Cluster Head Salary
(9 salaries)
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₹5.2 L/yr - ₹21.75 L/yr
Area Manager Salary
(26 salaries)
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₹5.7 L/yr - ₹17.9 L/yr
Deputy Manager Salary
(947 salaries)
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₹2 L/yr - ₹6.25 L/yr
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₹3.3 L/yr - ₹6.2 L/yr
Sales Manager Salary
(555 salaries)
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₹2 L/yr - ₹6.28 L/yr
Branch Manager Salary
(201 salaries)
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₹4.5 L/yr - ₹13.5 L/yr
Territory Manager Salary
(AmbitionBox Estimate)
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₹14.2 L/yr - ₹18.2 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
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₹1.75 L/yr - ₹7 L/yr

Top skills at Kotak Mahindara Life Insurance for Cluster Manager

Training Management Strategic Planning Training
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Salary related reviews for Kotak Mahindara Life Insurance

3.4

Rated by 8 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

  • Company culture - Good

Dislikes

... Company gives me 2.5% hike in appraisal after achieving a 70% of YTD Target.... Appraisal and salary hike processes at Kotak Life Insurance are deeply disappointing. Despite dedicated efforts and meeting performance targets, the appraisal system feels arbitrary and lacks transparency. Promises of career growth and salary increments are often unfulfilled, leaving employees demotivated and undervalued. There’s a noticeable disparity between the workload expectations and the compensation provided, which doesn’t align with industry standards. This undermines morale and loyalty among employees, impacting overall productivity and retention. Clearer and fairer appraisal policies are urgently needed to retain talent and boost employee satisfaction."

read more
  • Salary - Bad
  • +2 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

 · 

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

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

read more
  • Salary - Poor
  • +5 more

Sales Department

5.0
  •  posted on 06 May 2021

4.0
 for  Salary and Benefits

Likes

Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.

  • Salary - Good
  • +5 more

Dislikes

Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.

read more
see more salary related reviews

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Kotak Mahindara Life Insurance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Kotak Mahindara Life Insurance?
Cluster Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹5.0 Lakhs to ₹14.6 Lakhs for experience between 6 years to 16 years. According to our estimates it is 11% less than the average Cluster Manager Salary in India. Salary estimates are based on 34 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Cluster Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Cluster Manager at Kotak Mahindara Life Insurance is 11% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Cluster Manager at Kotak Mahindara Life Insurance?
Training Management, Strategic Planning and Training are some of the popular skills required to work as a Cluster Manager at Kotak Mahindara Life Insurance India.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Cluster Manager in India?
  • PNB MetLife Cluster Manager Salary - ₹4.9 Lakhs to ₹17.0 Lakhs per year
  • Tata AIA Life Insurance Cluster Manager Salary - ₹4.5 Lakhs to ₹18.6 Lakhs per year
  • HDFC Ergo General Insurance Cluster Manager Salary - ₹4.1 Lakhs to ₹13.5 Lakhs per year
  • Axis Max Life Insurance Cluster Manager Salary - ₹5.6 Lakhs to ₹14.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Cluster Manager Salary - ₹5.2 Lakhs to ₹14.0 Lakhs per year
What is the salary of a Cluster Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • Reliance Nippon Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
  • SBI General Insurance Cluster Manager Salary - ₹4.8 Lakhs to ₹15.3 Lakhs per year
  • HDFC Life Cluster Manager Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year
  • ICICI Prudential Life Insurance Cluster Manager Salary - ₹6.1 Lakhs to ₹14.0 Lakhs per year
  • Bajaj Allianz Life Insurance Cluster Manager Salary - ₹4.2 Lakhs to ₹14.3 Lakhs per year
What is the estimated take home salary of a Cluster Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Cluster Manager at Kotak Mahindara Life Insurance ranges between ₹59,845 per month to ₹61,358 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Cluster Manager salary in India which ranges between ₹5.0 Lakhs to ₹14.6 Lakhs per year for employees with experience between 6 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Cluster Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 41% of the Kotak Mahindara Life Insurance Cluster Managers reported a notice period of 2 Months, 31% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 29 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Cluster Manager salary in India ranges between ₹5 Lakhs to ₹14.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 34 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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