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

Annual salary range
6 - 16 years exp.
₹7 Lakhs - ₹12.3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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6% less than the average Cluster Manager Salary in Insurance Companies for 6 - 16 years of experience

Interested in this particular role?

Last Updated: 15 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Cluster Manager in New Delhi

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Kotak Mahindara Life Insurance Cluster Manager Salary

6 - 16 years exp. (4 salaries)

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₹7 L/yr - ₹12.3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Axis Max Life Insurance Cluster Manager Salary

6 - 13 years exp. (26 salaries)

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₹6 L/yr - ₹13.6 L/yr

arrow icon 4% more
1 job opening
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₹6.4 L/yr - ₹11.5 L/yr

arrow icon 2% more
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HDFC Life Cluster Manager Salary

5 - 16 years exp. (24 salaries)

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₹6.2 L/yr - ₹12 L/yr

arrow icon 4% more
1 job opening
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₹5.2 L/yr - ₹11.7 L/yr

arrow icon 3% less
1 job opening
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₹4.1 L/yr - ₹6.9 L/yr

arrow icon 39% less
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₹5.1 L/yr - ₹14.3 L/yr

At par
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₹7 L/yr - ₹9 L/yr

arrow icon 4% less
3 job openings
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₹5 L/yr - ₹10 L/yr

arrow icon 14% less
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₹10 L/yr - ₹13.5 L/yr

arrow icon 23% more
Cluster Manager salary at Kotak Mahindara Life Insurance ranges between ₹7 Lakhs to ₹12.3 Lakhs per year for employees with experience between 6 years to 16 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 Cluster Manager in New Delhi

1mo ago
₹12.3 Lakhs
16 years exp.
2mo ago
₹9 Lakhs
6 years exp.
1y ago
₹7 Lakhs
8 years exp.

Experience wise Kotak Mahindara Life Insurance Cluster Manager salaries in New Delhi

Last Updated: 15 Feb 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹10.4 L/yr
7 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹10.5 L/yr
8 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹10.5 L/yr
9 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹10.5 L/yr
10 years (AmbitionBox Estimate)

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₹8.3 L/yr - ₹10.6 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Sales Manager Salary
(135 salaries)
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₹2.5 L/yr - ₹5.6 L/yr
Deputy Manager Salary
(50 salaries)
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₹2 L/yr - ₹5.63 L/yr
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₹2 L/yr - ₹5.05 L/yr
Branch Manager Salary
(17 salaries)
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₹7.5 L/yr - ₹11.5 L/yr

Top skills at Kotak Mahindara Life Insurance for Cluster Manager

Training Management Strategic Planning Training

Salary related reviews for Kotak Mahindara Life Insurance

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Rated by 1 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 in New Delhi?
The average salary of a Cluster Manager at Kotak Mahindara Life Insurance in New Delhi typically ranges from ₹7.0 Lakhs to ₹12.3 Lakhs per year, depending on experience (from 6 years to 16 years).

The top 10% of Cluster Manager in New Delhi at Kotak Mahindara Life Insurance earn more than ₹12.3 Lakhs per year, and the top 1% earn over ₹12.3 Lakhs per year. Cluster 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 Cluster Manager at Kotak Mahindara Life Insurance in New Delhi?
The estimated take-home salary of a Cluster Manager at Kotak Mahindara Life Insurance in New Delhi typically ranges from ₹67,056 to ₹68,772 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹12.3 Lakhs per year for employees with experience ranging from 6 years to 16 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 Cluster Manager at Kotak Mahindara Life Insurance in New Delhi?
To be a Cluster Manager at Kotak Mahindara Life Insurance in New Delhi, the key skills required include:

  • - Training Management
  • - Strategic Planning
  • - Training

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 Cluster Manager in India?
HDFC Ergo General Insurance ₹10.0 Lakhs to ₹13.5 Lakhs per year
HDFC Life ₹6.2 Lakhs to ₹12.0 Lakhs per year
Axis Max Life Insurance ₹6.0 Lakhs to ₹13.6 Lakhs per year
Aditya Birla Sun Life Insurance ₹6.4 Lakhs to ₹11.5 Lakhs per year
Reliance Nippon Life Insurance ₹5.1 Lakhs to ₹14.3 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 Cluster Manager in companies similar to Kotak Mahindara Life Insurance in New Delhi?
The salary of a Cluster Manager at companies similar to Kotak Mahindara Life Insurance in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance ₹5.2 Lakhs to ₹11.7 Lakhs per year
Tata AIA Life Insurance ₹7.0 Lakhs to ₹9.0 Lakhs per year
ICICI Lombard General Insurance Company ₹5.0 Lakhs to ₹10.0 Lakhs per year
Star Health & Allied Insurance ₹4.1 Lakhs to ₹6.9 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 Cluster Manager at Kotak Mahindara Life Insurance in New Delhi?
The salary growth for a Cluster Manager at Kotak Mahindara Life Insurance in New Delhi depends on factors such as experience, performance, and promotions. On average, a Cluster Manager in New Delhi can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
6 years ₹8.2 Lakhs to ₹10.4 Lakhs per year
7 years ₹8.2 Lakhs to ₹10.5 Lakhs per year
8 years ₹8.2 Lakhs to ₹10.5 Lakhs per year
9 years ₹8.2 Lakhs to ₹10.5 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Cluster Manager salary in New Delhi ranges between ₹7 Lakhs to ₹12.3 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.