Kotak Mahindara Life Insurance Mumbai Management Trainee Salaries by 20+ Employees (Updated 2025)

0 - 3 years exp.

₹3 Lakhs - ₹7 Lakhs

Avg. annual salary

Monthly In-hand Salary

53% less than the average Management Trainee Salary in Insurance Companies for 0 - 3 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Sales & Business Development Management Trainee Salary 0 - 2 years exp. (5 salaries)	₹3.5 L/yr - ₹4.5 L/yr
Marketing & Communication Management Trainee Salary Fresher (4 salaries)	₹3.5 L/yr - ₹4.4 L/yr
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Research & Development Management Trainee Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹4.2 L/yr - ₹4.5 L/yr
Customer Success, Service & Operations Management Trainee Salary Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.6 L/yr
Data Science & Analytics Management Trainee Salary Fresher (AmbitionBox Estimate)	₹4.2 L/yr - ₹6 L/yr

Last Updated: 28 Mar 2025

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

Kotak Mahindara Life Insurance Management Trainee Salary

0 - 3 years exp. (24 salaries)

₹3 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Management Trainee Salary 0 - 4 years exp. (78 salaries)	₹5 L/yr - ₹15 L/yr 142% more
ICICI Lombard General Insurance Company Management Trainee Salary 0 - 2 years exp. (43 salaries)	₹4.2 L/yr - ₹10.4 L/yr 85% more
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ICICI Prudential Life Insurance Management Trainee Salary 0 - 3 years exp. (42 salaries)	₹5 L/yr - ₹8 L/yr 57% more
Tata AIA Life Insurance Management Trainee Salary 0 - 5 years exp. (31 salaries)	₹9 L/yr - ₹20 L/yr 239% more
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 3 years exp. (10 salaries)	₹4 L/yr - ₹8.3 L/yr 58% more
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 2 years exp. (8 salaries)	₹7 L/yr - ₹15 L/yr 138% more
SBI Life Insurance Company Management Trainee Salary 0 - 3 years exp. (6 salaries)	₹5.3 L/yr - ₹10.5 L/yr 85% more
HDFC Ergo General Insurance Management Trainee Salary 0 - 2 years exp. (5 salaries)	₹6 L/yr - ₹14.8 L/yr 171% more
Axis Max Life Insurance Management Trainee Salary 2 - 4 years exp. (3 salaries)	₹21.2 L/yr - ₹22 L/yr 390% 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 3 years. Salary estimates are based on 24 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

1w ago

₹5 Lakhs

3 years exp.

2w ago

₹3.5 Lakhs

1 year exp.

2w ago

₹3.5 Lakhs

1 year exp.

4w ago

₹3.5 Lakhs

1 year exp.

2mo ago

₹3 Lakhs

1 year exp.

6mo ago

2 years exp.

8mo ago

8 months exp.

10mo ago

1 year exp.

1y ago

9 months exp.

1y ago

1 year exp.

Experience wise Kotak Mahindara Life Insurance Management Trainee salaries in Mumbai

Last Updated: 28 Mar 2025

Experience	Avg Annual Salary
Fresher (14 salaries)	₹3.5 L/yr - ₹7 L/yr
1 year (8 salaries)	₹3 L/yr - ₹4.5 L/yr
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2 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(435 salaries)

₹2.25 L/yr - ₹5.74 L/yr

Team Lead Salary

(7 salaries)

₹2.15 L/yr - ₹6 L/yr

Process Associate Salary

(4 salaries)

₹1.8 L/yr - ₹2.7 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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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Kotak Mahindara Life Insurance Management Trainee Salary FAQs

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

The average salary of a Management Trainee at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹3.0 Lakhs to ₹7.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Management Trainee in Mumbai at Kotak Mahindara Life Insurance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Management Trainee 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 20+ Kotak Mahindara Life Insurance employees in India.

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 in Mumbai typically ranges from ₹32,191 to ₹33,472 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from Fresher to 3 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 20+ 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 Management Trainee at Kotak Mahindara Life Insurance in Mumbai?

To be a Management Trainee at Kotak Mahindara Life Insurance in Mumbai, the key skills required include:

- Field Sales
- Sales
- Team Handling
- Management
- Life Insurance

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 Management Trainee in India?

Axis Max Life Insurance	₹21.2 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance	₹9.0 Lakhs to ₹20.0 Lakhs per year
HDFC Ergo General Insurance	₹6.0 Lakhs to ₹14.8 Lakhs per year
HDFC Life	₹5.0 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.0 Lakhs to ₹15.0 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 Management Trainee in companies similar to Kotak Mahindara Life Insurance in Mumbai?

The salary of a Management Trainee at companies similar to Kotak Mahindara Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company	₹5.3 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company	₹4.2 Lakhs to ₹10.4 Lakhs per year
Bajaj Allianz Life Insurance	₹4.0 Lakhs to ₹8.3 Lakhs per year
ICICI Prudential Life Insurance	₹5.0 Lakhs to ₹8.0 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 Management Trainee at Kotak Mahindara Life Insurance in Mumbai?

The salary growth for a Management Trainee at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Management Trainee in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
Fresher	₹3.5 Lakhs to ₹7.0 Lakhs per year
1 year	₹3.0 Lakhs to ₹4.5 Lakhs per year
2 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
3 years	₹4.1 Lakhs to ₹5.3 Lakhs per year

and so on.

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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 24 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.