Kotak Mahindara Life Insurance Mumbai Management Trainee Salaries by 10+ Employees (Updated 2025)

0 - 2 years exp.

₹3 Lakhs - ₹7 Lakhs

Salary of majority employees

55% less than the average Management Trainee Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

Sales & Business Development Management Trainee Salary 0 - 2 years exp. (5 salaries)	₹3.5 L/yr - ₹4.2 L/yr
Marketing & Communication Management Trainee Salary Fresher (4 salaries)	₹3.5 L/yr - ₹4.1 L/yr
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Customer Success, Service & Operations Management Trainee Salary Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
Data Science & Analytics Management Trainee Salary Fresher (AmbitionBox Estimate)	₹4.2 L/yr - ₹6 L/yr

Last Updated: 6 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Management Trainee in Mumbai

Kotak Mahindara Life Insurance Management Trainee Salary

0 - 2 years exp. (18 salaries)

₹3 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Management Trainee Salary 0 - 4 years exp. (76 salaries)	₹5 L/yr - ₹15 L/yr 147% more
ICICI Prudential Life Insurance Management Trainee Salary 0 - 3 years exp. (43 salaries)	₹5 L/yr - ₹9.6 L/yr 66% more
Login to view exact salary
SBI Life Insurance Company Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹5.3 L/yr - ₹10.5 L/yr 94% more
Axis Max Life Insurance Management Trainee Salary 2 - 3 years exp. (3 salaries)	₹21.2 L/yr - ₹22 L/yr 415% more
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 3 years exp. (10 salaries)	₹4 L/yr - ₹8.3 L/yr 71% more
ICICI Lombard General Insurance Company Management Trainee Salary 0 - 2 years exp. (44 salaries)	₹4.2 L/yr - ₹10.4 L/yr 91% more
Tata AIA Life Insurance Management Trainee Salary 0 - 4 years exp. (30 salaries)	₹9 L/yr - ₹20 L/yr 236% more
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 2 years exp. (9 salaries)	₹7 L/yr - ₹15 L/yr 175% more
SBI General Insurance Management Trainee Salary 1 - 4 years exp. (6 salaries)	₹9 L/yr - ₹13 L/yr 136% more
HDFC Ergo General Insurance Management Trainee Salary 0 - 1 year exp. (5 salaries)	₹6 L/yr - ₹14.8 L/yr 184% more

Management Trainee salary at Kotak Mahindara Life Insurance ranges between ₹3 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 18 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Management Trainee salaries in Mumbai

Last Updated: 6 Mar 2025

Experience	Avg Annual Salary
Fresher (12 salaries)	₹3.5 L/yr - ₹7 L/yr
1 year (5 salaries)	₹3 L/yr - ₹7.3 L/yr
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2 years (AmbitionBox Estimate)	₹4 L/yr - ₹7.5 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(407 salaries)

₹2.25 L/yr - ₹5.69 L/yr

Team Lead Salary

(7 salaries)

₹2.15 L/yr - ₹6 L/yr

Process Associate Salary

(3 salaries)

₹1.6 L/yr - ₹2.1 L/yr

Top skills at Kotak Mahindara Life Insurance for Management Trainee

Field Sales Sales Team Handling Management Life Insurance mba pgdm Management Skills Interpersonal Skills Communication Skills Presentation Skills Business Development mba fresher Marketing Ac

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 5 employees for salary & benefits

Management Trainee in Chhatisgarh

Full Time

Marketing & Communication Department

4.0

• posted on 08 May 2021

4.0

for Salary and Benefits

Likes

It is all about leadership. If you are good in recruitment then you will more success and financial compensation also.

Salary - Good

+6 more

Dislikes

Senior managers are not available all times so you handle alone and spoil resource coz lack of knowledge and experiences

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

Skill development - Poor

+4 more

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..

Salary - Bad

+6 more

Deputy Manager in Thane

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

Salary - Poor

+5 more

Deputy Manager in Mumbai

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.

Skill development - Good

+1 more

Dislikes

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

Salary - Poor

+1 more

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindara Life Insurance Management Trainee Salary FAQs

What is the salary of Management Trainee at Kotak Mahindara Life Insurance Mumbai?

Management Trainee salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹3.0 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 55% less than the average Management Trainee Salary in India. Salary estimates are based on 18 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.

How does the salary of a Management Trainee at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Management Trainee at Kotak Mahindara Life Insurance is 55% less than the average salary of a Management Trainee in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Management Trainee at Kotak Mahindara Life Insurance?

Field Sales, Sales, Team Handling, Management and Life Insurance are some of the popular skills required to work as a Management Trainee at Kotak Mahindara Life Insurance Mumbai.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Management Trainee in Mumbai?

Axis Max Life Insurance Management Trainee Salary - ₹21.2 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance Management Trainee Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
HDFC Ergo General Insurance Management Trainee Salary - ₹6.0 Lakhs to ₹14.8 Lakhs per year
Aditya Birla Sun Life Insurance Management Trainee Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
HDFC Life Management Trainee Salary - ₹5.0 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Management Trainee in companies similar to Kotak Mahindara Life Insurance in Mumbai?

SBI General Insurance Management Trainee Salary - ₹9.0 Lakhs to ₹13.0 Lakhs per year
SBI Life Insurance Company Management Trainee Salary - ₹5.3 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company Management Trainee Salary - ₹4.2 Lakhs to ₹10.4 Lakhs per year
Bajaj Allianz Life Insurance Management Trainee Salary - ₹4.0 Lakhs to ₹8.3 Lakhs per year
ICICI Prudential Life Insurance Management Trainee Salary - ₹5.0 Lakhs to ₹9.6 Lakhs per year

What is the estimated take home salary of a Management Trainee at Kotak Mahindara Life Insurance in Mumbai?

The estimated take-home salary of a Management Trainee at Kotak Mahindara Life Insurance ranges between ₹30,528 per month to ₹31,834 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Management Trainee salary in India which ranges between ₹3.0 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?

What is the notice period for Management Trainee at Kotak Mahindara Life Insurance in Mumbai?

According to AmbitionBox, 46% of the Kotak Mahindara Life Insurance Management Trainees in Mumbai reported a notice period of 3 Months, 39% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 13 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Management Trainee Salaries in Mumbai

Kotak Mahindara Life Insurance Management Trainee salary in Mumbai ranges between ₹3 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Management Trainee salaries in Mumbai (Updated 2025)

Companies similar to Kotak Mahindara Life Insurance for Management Trainee in Mumbai

Latest annual salaries shared by Kotak Mahindara Life Insurance Management Trainee in Mumbai

Experience wise Kotak Mahindara Life Insurance Management Trainee salaries in Mumbai

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Management Trainee

Salary related reviews for Kotak Mahindara Life Insurance

Management Trainee in Chhatisgarh

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Deputy Manager in Thane

Deputy Manager in Mumbai

Kotak Mahindara Life Insurance Management Trainee Salary FAQs

Tell us how to improve this page.