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Kotak Mahindara Life Insurance Finance Manager salaries in India

Annual salary range
0 - 5 years exp.
₹1 Lakh - ₹4 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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83% less than the average Finance Manager Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

Finance & Accounting
Finance Manager Salary
1 - 5 years exp. (4 salaries)
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₹2.5 L/yr - ₹4 L/yr

Aviation & Aerospace
Finance Manager Salary
Fresher (AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.1 L/yr

Last Updated: 17 Jan 2024

Companies similar to Kotak Mahindara Life Insurance for Finance Manager

Company name Avg Annual Salary Open Jobs
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₹2.1 L/yr - ₹4.7 L/yr

arrow icon 28% more
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Axis Max Life Insurance Finance Manager Salary

0 - 12 years exp. (12 salaries)

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₹2.5 L/yr - ₹6 L/yr

arrow icon 55% more
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HDFC Life Finance Manager Salary

1 - 5 years exp. (12 salaries)

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₹2.3 L/yr - ₹4.5 L/yr

arrow icon 26% more
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AIG Finance Manager Salary

7 - 14 years exp. (9 salaries)

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₹13 L/yr - ₹21.1 L/yr

arrow icon 472% more
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₹10 L/yr - ₹10.6 L/yr

arrow icon 263% more
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₹9.8 L/yr - ₹15.7 L/yr

arrow icon 328% more
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₹1.2 L/yr - ₹2.5 L/yr

arrow icon 38% less
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₹3.8 L/yr - ₹10.7 L/yr

arrow icon 161% more
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₹13.5 L/yr - ₹18 L/yr

arrow icon 423% more
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₹8 L/yr - ₹12 L/yr

arrow icon 260% more
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₹5 L/yr - ₹14 L/yr

arrow icon 208% more
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₹2.3 L/yr - ₹5 L/yr

arrow icon 16% more
Finance Manager salary at Kotak Mahindara Life Insurance ranges between ₹1 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Finance Manager

1y ago
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5 years exp.
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1 year exp.
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1 year exp.
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4 years exp.

Experience wise Kotak Mahindara Life Insurance Finance Manager salaries

Last Updated: 17 Jan 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2 L/yr - ₹2.6 L/yr
1 year (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3.1 L/yr
3 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr
4 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Branch Manager Salary
(202 salaries)
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₹5 L/yr - ₹13 L/yr
Sales Manager Salary
(563 salaries)
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₹2 L/yr - ₹6.22 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
Deputy Manager Salary
(764 salaries)
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₹2 L/yr - ₹5.69 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
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₹1.8 L/yr - ₹3 L/yr
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₹3 L/yr - ₹7 L/yr
Collections Manager Salary
(AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr
Branch Head Salary
(10 salaries)
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₹8.5 L/yr - ₹14 L/yr
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₹2 L/yr - ₹7 L/yr

Top skills at Kotak Mahindara Life Insurance for Finance Manager

Finance

Salary related reviews for Kotak Mahindara Life Insurance

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

BFSI, Investments & Trading Department

4.0
  •  posted on 16 Jun 2020

2.0
 for  Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

read more
  • Skill development - Good
  • +1 more

Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

read more
  • Salary - Poor
  • +1 more
see more salary related reviews

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Kotak Mahindara Life Insurance Finance Manager Salary FAQs

What is the salary of Finance Manager at Kotak Mahindara Life Insurance ?
The average salary of a Finance Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹1.0 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Finance Manager at Kotak Mahindara Life Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Finance 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 5 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Finance Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Finance Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹20,193 to ₹21,854 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 5 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 5 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 Finance Manager at Kotak Mahindara Life Insurance ?
Finance is a popular skill required to work as a Finance Manager at Kotak Mahindara Life Insurance.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Finance Manager in India?
AIG ₹13.0 Lakhs to ₹21.1 Lakhs per year
Bajaj Allianz Life Insurance ₹13.5 Lakhs to ₹18.0 Lakhs per year
HDFC Ergo General Insurance ₹9.8 Lakhs to ₹15.7 Lakhs per year
ICICI Lombard General Insurance Company ₹10.0 Lakhs to ₹10.6 Lakhs per year
SBI Life Insurance Company ₹8.0 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 Finance Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Finance 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:

Star Health & Allied Insurance ₹5.0 Lakhs to ₹14.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹3.8 Lakhs to ₹10.7 Lakhs per year
Axis Max Life Insurance ₹2.5 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.1 Lakhs to ₹4.7 Lakhs per year
HDFC Life ₹2.3 Lakhs to ₹4.5 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 Finance Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Finance Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Finance Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹2.0 Lakhs to ₹2.6 Lakhs per year
1 year ₹2.2 Lakhs to ₹2.8 Lakhs per year
2 years ₹2.4 Lakhs to ₹3.1 Lakhs per year
3 years ₹2.7 Lakhs to ₹3.4 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Finance Manager salary in India ranges between ₹1 Lakh to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.