Kotak Mahindara Life Insurance Manager Salaries by 500+ Employees (Updated 2025)

0 - 12 years exp.

₹2.4 Lakhs - ₹8.5 Lakhs

Salary of majority employees

67% less than the average Manager Salary in Insurance Companies for 0 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Manager Salary 0 - 12 years exp. (202 salaries)	₹2.8 L/yr - ₹8 L/yr
Customer Success, Service & Operations Manager Salary 0 - 11 years exp. (83 salaries)	₹3.3 L/yr - ₹8.5 L/yr
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Sales & Business Development Manager Salary 0 - 12 years exp. (75 salaries)	₹3.3 L/yr - ₹7.6 L/yr
Finance & Accounting Manager Salary 0 - 12 years exp. (41 salaries)	₹2.4 L/yr - ₹8 L/yr
Marketing & Communication Manager Salary 0 - 11 years exp. (27 salaries)	₹3.5 L/yr - ₹6.5 L/yr

Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 2 - 16 years exp. (467 salaries)	₹4.5 L/yr - ₹15.6 L/yr 72% more
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (286 salaries)	₹3 L/yr - ₹13 L/yr 48% more
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SBI Life Insurance Company Manager Salary 3 - 20 years exp. (270 salaries)	₹5.2 L/yr - ₹18 L/yr 110% more
Max Life Insurance Manager Salary 5 - 15 years exp. (243 salaries)	₹3.6 L/yr - ₹14 L/yr 60% more	6 job openings
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (188 salaries)	₹5.5 L/yr - ₹20.4 L/yr 131% more
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (418 salaries)	₹4.5 L/yr - ₹16.4 L/yr 79% more
ICICI Lombard General Insurance Company Manager Salary 2 - 14 years exp. (264 salaries)	₹3 L/yr - ₹12.3 L/yr 32% more
Tata AIA Life Insurance Manager Salary 4 - 18 years exp. (241 salaries)	₹6.5 L/yr - ₹25.6 L/yr 172% more	7 job openings
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (189 salaries)	₹4 L/yr - ₹15.7 L/yr 71% more
Reliance Nippon Life Insurance Manager Salary 2 - 18 years exp. (128 salaries)	₹1.2 L/yr - ₹9.9 L/yr At par

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Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.4 Lakhs to ₹8.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 562 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
Fresher (20 salaries)	₹3 L/yr - ₹5.8 L/yr
1 year (32 salaries)	₹3 L/yr - ₹5.4 L/yr
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2 years (39 salaries)	₹3 L/yr - ₹5.6 L/yr
3 years (39 salaries)	₹2.4 L/yr - ₹6.6 L/yr
4 years (65 salaries)	₹3 L/yr - ₹7 L/yr
5 years (70 salaries)	₹3.2 L/yr - ₹7.2 L/yr
6 years (68 salaries)	₹3.3 L/yr - ₹8.5 L/yr
7 years (58 salaries)	₹3.1 L/yr - ₹8.5 L/yr
8 years (69 salaries)	₹3.6 L/yr - ₹7.7 L/yr
9 years (43 salaries)	₹3.5 L/yr - ₹7.9 L/yr
10 years (33 salaries)	₹3.9 L/yr - ₹8 L/yr
11 years (22 salaries)	₹3.8 L/yr - ₹8 L/yr
12 years (4 salaries)	₹4.7 L/yr - ₹10.7 L/yr

View all

From

Manager

₹

Lakhs/yr

0 - 12 years exp.

Chief Manager

₹

Lakhs/yr

0 - 17 years exp.

Manager 0 - 12 years exp.

Senior Manager 0 - 14 years exp.

26% hike

Chief Manager 0 - 17 years exp.

63% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindara Life Insurance

Credit Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.4 L/yr

Deputy Manager Salary

(858 salaries)

₹2.25 L/yr - ₹5.69 L/yr

Finance Manager Salary

(5 salaries)

₹1 L/yr - ₹4 L/yr

Management Trainee Salary

(194 salaries)

₹2.7 L/yr - ₹7 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Senior Associate Salary

(4 salaries)

₹2.8 L/yr - ₹3.51 L/yr

Financial Analyst Salary

(AmbitionBox Estimate)

₹4.4 L/yr - ₹5.6 L/yr

Audit Executive Salary

(4 salaries)

₹2.4 L/yr - ₹6.1 L/yr

Deputy General Manager Salary

(4 salaries)

₹3.5 L/yr - ₹4.35 L/yr

Senior Consultant Salary

(3 salaries)

₹24 L/yr - ₹65 L/yr

Top skills at Kotak Mahindara Life Insurance for Manager

Life Insurance Business Development Sales Bancassurance Relationship Management

Salary related reviews for Kotak Mahindara Life Insurance

3.4

Rated by 134 employees for salary & benefits

Manager in Kolkata

Full Time

Other Department

1.0

• posted on 19 Jul 2023

1.0

for Salary and Benefits

Likes

Other than job security there is nothing positive.Job security is there due high attrition & new people hardly join.

Dislikes

... mails.Its better to stay jobless than work over here.Its not a job it's a scam.People are forced to pay money from their own pockets regularly.Its a complete mess.

Salary - Bad

+4 more

Manager in Madurai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 22 Apr 2023

3.0

for Salary and Benefits

Likes

Work life balance was really good, Had good Growth with 3Promotions in 8years Allowed WFH during Covid Situation Good Learning in Personality development and Management.

Skill development - Good

+2 more

Dislikes

Salary not upto the market standards Internal Politics with bith HO & Regional levels. Growth stagnant after certain levels due to Comfort Zone of Regional Level Managers. No proper Clarity on appraisal based on our performance.

Manager in Central Side Mumbai

BFSI, Investments & Trading Department

3.0

• posted on 06 Jan 2022

4.0

for Salary and Benefits

Likes

Working from last 5+ years very good experience. Lots of things which I don't know I learn here. Company culture also good job security depends on your performance as I am in sales you no the pressure. Not much pressure compare to other companies. Company employee policies are best good benifits.

Salary - Good

+3 more

Dislikes

Management does not address our issues. salary is decent but career growth is slow after giving year to year outstanding performance.

Manager in Siliguri

BFSI, Investments & Trading Department

4.0

• posted on 10 Mar 2022

3.0

for Salary and Benefits

Likes

Kotak Life is good option for those who wants a average salary in their home town and don't want any promotions. Overall Management is good.

Skill development - Good

+2 more

Dislikes

Work-life balance is not up to the mark. You will not going to get desired increment and promotions also after serving a lot for the company for 5-6 years.

Promotions - Poor

Manager in Mumbai

Customer Success, Service & Operations Department

5.0

• posted on 04 Feb 2020

3.0

for Salary and Benefits

Likes

Company is very good , IT support and company culture is very good , proper tranning is provided flexible working hour is provided .

Skill development - Excellent

+4 more

Dislikes

...rowth. Company is far away from goregaon stations and paid bus service is there. Compensation is low as per maket.

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindara Life Insurance Manager Salary FAQs

What is the salary of Manager at Kotak Mahindara Life Insurance?

Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹2.4 Lakhs to ₹8.5 Lakhs for less than 1 year of experience to 12 years. According to our estimates it is 67% less than the average Manager Salary in India. Salary estimates are based on 562 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Manager at Kotak Mahindara Life Insurance is 67% less than the average salary of a Manager in India. To know exact salary insights, login to view.

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

Life Insurance, Business Development, Sales, Bancassurance and Relationship Management are some of the popular skills required to work as a Manager at Kotak Mahindara Life Insurance India.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Manager in India?

AXA Manager Salary - ₹15.0 Lakhs to ₹34.5 Lakhs per year
XL Catlin Manager Salary - ₹13.0 Lakhs to ₹27.0 Lakhs per year
United India Insurance Company Manager Salary - ₹10.0 Lakhs to ₹26.0 Lakhs per year
Empower Manager Salary - ₹12.3 Lakhs to ₹32.0 Lakhs per year
Swiss Re Manager Salary - ₹13.6 Lakhs to ₹21.0 Lakhs per year

What is the salary of a Manager in companies similar to Kotak Mahindara Life Insurance in India?

Maruti Suzuki Insurance Broking Manager Salary - ₹11.4 Lakhs to ₹22.0 Lakhs per year
The Oriental Insurance Co. Manager Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
AIG Manager Salary - ₹9.0 Lakhs to ₹22.0 Lakhs per year
Tata AIA Life Insurance Manager Salary - ₹6.5 Lakhs to ₹25.6 Lakhs per year
Gallagher Manager Salary - ₹8.9 Lakhs to ₹14.0 Lakhs per year

What is the estimated take home salary of a Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Manager at Kotak Mahindara Life Insurance ranges between ₹40,239 per month to ₹41,400 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Manager salary in India which ranges between ₹2.4 Lakhs to ₹8.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Check how did we calculate take home salary?

What is the notice period for Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 34% of the Kotak Mahindara Life Insurance Managers reported a notice period of 2 Months, 28% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 572 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Manager Salaries

Kotak Mahindara Life Insurance Manager salary in India ranges between ₹2.4 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 562 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Manager salaries in India (Updated 2025)

Companies similar to Kotak Mahindara Life Insurance for Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Manager

Experience wise Kotak Mahindara Life Insurance Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Manager

Salary related reviews for Kotak Mahindara Life Insurance

Manager in Kolkata

Manager in Madurai

Manager in Central Side Mumbai

Manager in Siliguri

Manager in Mumbai

Kotak Mahindara Life Insurance Manager Salary FAQs

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Kotak Mahindara Life Insurance Manager Salaries by Location