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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Insurance Manager salaries in New Delhi

Annual salary range
2 - 5 years exp.
₹3.6 Lakhs - ₹4.1 Lakhs
Salary of majority employees
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At par with the average Insurance Manager Salary in Insurance Companies for 2 - 5 years of experience

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Last Updated: 8 Aug 2024

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

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Kotak Mahindara Life Insurance Insurance Manager Salary

2 - 5 years exp. (4 salaries)

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₹3.6 L/yr - ₹4.1 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.8 L/yr - ₹4 L/yr

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HDFC Life Insurance Manager Salary

1 - 5 years exp. (7 salaries)

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₹3.8 L/yr - ₹4.9 L/yr

arrow icon 1% more
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Max Life Insurance Insurance Manager Salary

0 - 5 years exp. (4 salaries)

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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 26% less
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₹3.2 L/yr - ₹4.7 L/yr

arrow icon 1% less
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₹2.5 L/yr - ₹5 L/yr

arrow icon 2% less
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₹3.5 L/yr - ₹6.5 L/yr

arrow icon 24% more
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PNB MetLife Insurance Manager Salary

1 - 8 years exp. (16 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

arrow icon 5% less
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₹3.8 L/yr - ₹8 L/yr

arrow icon 31% more
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₹2.6 L/yr - ₹4.6 L/yr

arrow icon 7% less
Insurance Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.6 Lakhs to ₹4.1 Lakhs per year for employees with experience between 2 years to 5 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 Insurance Manager in New Delhi

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2 years exp.
10mo ago
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5 years exp.
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4 years exp.

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

Last Updated: 8 Aug 2024

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹6.8 L/yr
3 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.4 L/yr
4 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Sales Manager Salary
(135 salaries)
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₹2.5 L/yr - ₹6 L/yr
Deputy Manager Salary
(50 salaries)
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₹3.2 L/yr - ₹5.63 L/yr
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₹3 L/yr - ₹5 L/yr
Branch Manager Salary
(18 salaries)
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₹7.5 L/yr - ₹11.5 L/yr

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.

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

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 14 May 2024

1.0
 for  Salary and Benefits

Likes

Job Security

Dislikes

Top Most Management in this company is worst; decision-making skills are very low Salary packages are very low for junior profiles but there work load is huge as compared with there senior profiles. Zero salary hikes and annual bonuses also depend on your boss; if he wants to give you 100,000, you will get it; if he wants to give you 10,000, that is your bonus. Huge package difference between senior boss and junior employees (ex., senior . Sr. boss package is above 30 Lacs but junior package is below 5 Lacs), Very little appreciation employees

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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..

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Dislikes

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

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

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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

Dislikes

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

read more
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Kotak Mahindara Life Insurance Insurance Manager Salary FAQs

What is the salary of Insurance Manager at Kotak Mahindara Life Insurance New Delhi?
Insurance Manager salary at Kotak Mahindara Life Insurance in New Delhi ranges between ₹3.6 Lakhs to ₹4.1 Lakhs for experience between 2 years to 5 years. According to our estimates it is 2% less than the average Insurance Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance New Delhi.
How does the salary of a Insurance Manager at Kotak Mahindara Life Insurance New Delhi compare with the average salary range for this job?
The average salary of a Insurance Manager at Kotak Mahindara Life Insurance is 2% less than the average salary of a Insurance Manager in New Delhi. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Insurance Manager in New Delhi?
  • ICICI Lombard General Insurance Company Insurance Manager Salary - ₹3.8 Lakhs to ₹8.0 Lakhs per year
  • Tata AIA Life Insurance Insurance Manager Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year
  • HDFC Life Insurance Manager Salary - ₹3.8 Lakhs to ₹4.9 Lakhs per year
What is the salary of a Insurance Manager in companies similar to Kotak Mahindara Life Insurance in New Delhi?
  • Bajaj Allianz Life Insurance Insurance Manager Salary - ₹3.2 Lakhs to ₹4.7 Lakhs per year
  • Reliance Nippon Life Insurance Insurance Manager Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
  • PNB MetLife Insurance Manager Salary - ₹1.2 Lakhs to ₹4.2 Lakhs per year
  • Care Health Insurance Insurance Manager Salary - ₹2.6 Lakhs to ₹4.6 Lakhs per year
  • ICICI Prudential Life Insurance Insurance Manager Salary - ₹2.8 Lakhs to ₹4.0 Lakhs per year
What is the estimated take home salary of a Insurance Manager at Kotak Mahindara Life Insurance in New Delhi?
The estimated take-home salary of a Insurance Manager at Kotak Mahindara Life Insurance ranges between ₹28,522 per month to ₹29,908 per month in New Delhi. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Insurance Manager salary in India which ranges between ₹3.6 Lakhs to ₹4.1 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?
What is the notice period for Insurance Manager at Kotak Mahindara Life Insurance in New Delhi?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Insurance Managers in New Delhi reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Insurance Manager salary in New Delhi ranges between ₹3.6 Lakhs to ₹4.1 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.