Kotak Mahindara Life Insurance Manager M1 Salaries by 4 Employees (Updated 2025)

4 - 10 years exp.

₹3.8 Lakhs - ₹4.2 Lakhs

Low Confidence

Salary of majority employees

66% less than the average Manager M1 Salary in Insurance Companies for 4 - 10 years of experience

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Last Updated: 1 Oct 2023

Companies similar to Kotak Mahindara Life Insurance for Manager M1

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Manager M1 Salary 1 - 12 years exp. (34 salaries)	₹6 L/yr - ₹9.5 L/yr 85% more
SBI Life Insurance Company Manager M1 Salary 2 - 17 years exp. (5 salaries)	₹8.4 L/yr - ₹11.6 L/yr 141% more
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Aditya Birla Sun Life Insurance Manager M1 Salary 6 - 14 years exp. (4 salaries)	₹8.4 L/yr - ₹9.3 L/yr 120% more
HDFC Ergo General Insurance Manager M1 Salary 5 - 14 years exp. (31 salaries)	₹5 L/yr - ₹14 L/yr 116% more
Kotak Mahindra General Insurance Manager M1 Salary 4 - 10 years exp. (4 salaries)	₹3.9 L/yr - ₹7 L/yr 50% more
ICICI Lombard General Insurance Company Manager M1 Salary 2 - 3 years exp. (3 salaries)	₹6.5 L/yr - ₹6.7 L/yr 66% more

Manager M1 salary at Kotak Mahindara Life Insurance ranges between ₹3.8 Lakhs to ₹4.2 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Manager M1 salaries

Last Updated: 1 Oct 2023

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
9 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
10 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹7.2 L/yr

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Similar Designation salaries in Kotak Mahindara Life Insurance

Team Manager Salary

(13 salaries)

₹1.2 L/yr - ₹8.73 L/yr

Area Manager Salary

(21 salaries)

₹4.94 L/yr - ₹19.05 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.7 L/yr - ₹32.8 L/yr

Team Lead Salary

(42 salaries)

₹1.2 L/yr - ₹6.95 L/yr

Branch Manager Salary

(202 salaries)

₹4.5 L/yr - ₹13 L/yr

Deputy Manager Salary

(941 salaries)

₹2 L/yr - ₹5.69 L/yr

Program Manager Salary

(3 salaries)

₹4.4 L/yr - ₹7.2 L/yr

Project Manager Salary

(15 salaries)

₹6.5 L/yr - ₹22 L/yr

Cluster Manager Salary

(33 salaries)

₹4.96 L/yr - ₹12.5 L/yr

Service Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.6

Rated by 2 employees for salary & benefits

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

Team Manager in Kolkata

Customer Success, Service & Operations Department

1.0

• posted on 23 May 2019

1.0

for Salary and Benefits

Likes

They are misleading youth.... They dont pay a single penny or salary until and unless candidate got promoted to the next level.. totally worst... Why someone works for them free of cost... Totally worst.....

Dislikes

Nothing is good.... Totally bad. Don't give a salary rather forces candidates to do policies..

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Kotak Mahindara Life Insurance Manager M1 Salary FAQs

What is the salary of Manager M1 at Kotak Mahindara Life Insurance?

Manager M1 salary at Kotak Mahindara Life Insurance in India ranges between ₹3.8 Lakhs to ₹4.2 Lakhs for experience between 4 years to 10 years. According to our estimates it is 66% less than the average Manager M1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Manager M1 at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Manager M1 at Kotak Mahindara Life Insurance is 66% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Manager M1 in India?

SBI Life Insurance Company Manager M1 Salary - ₹8.4 Lakhs to ₹11.6 Lakhs per year
Aditya Birla Sun Life Insurance Manager M1 Salary - ₹8.4 Lakhs to ₹9.3 Lakhs per year
HDFC Ergo General Insurance Manager M1 Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
ICICI Prudential Life Insurance Manager M1 Salary - ₹6.0 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company Manager M1 Salary - ₹6.5 Lakhs to ₹6.7 Lakhs per year

What is the salary of a Manager M1 in companies similar to Kotak Mahindara Life Insurance in India?

Kotak Mahindra General Insurance Manager M1 Salary - ₹3.9 Lakhs to ₹7.0 Lakhs per year

What is the estimated take home salary of a Manager M1 at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Manager M1 at Kotak Mahindara Life Insurance ranges between ₹29,432 per month to ₹30,805 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Manager M1 salary in India which ranges between ₹3.8 Lakhs to ₹4.2 Lakhs per year for employees with experience between 4 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at Kotak Mahindara Life Insurance?

According to AmbitionBox, 33% of the Kotak Mahindara Life Insurance Manager M1s reported a notice period of 2 Months, 34% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Manager M1 Salaries

Kotak Mahindara Life Insurance Manager M1 salary in India ranges between ₹3.8 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Manager M1 salaries in India

Companies similar to Kotak Mahindara Life Insurance for Manager M1

Latest annual salaries shared by Kotak Mahindara Life Insurance Manager M1

Experience wise Kotak Mahindara Life Insurance Manager M1 salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Salary related reviews for Kotak Mahindara Life Insurance

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Deputy Manager in Thane

Deputy Manager in Mumbai

Team Manager in Kolkata

Kotak Mahindara Life Insurance Manager M1 Salary FAQs

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