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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Manager M1 salaries in India

Annual salary range
4 - 10 years exp.
₹3.8 Lakhs - ₹4.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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65% 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
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₹6 L/yr - ₹9.5 L/yr

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SBI Life Insurance Company Manager M1 Salary

2 - 17 years exp. (5 salaries)

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₹8.4 L/yr - ₹11.6 L/yr

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₹8.4 L/yr - ₹9.3 L/yr

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HDFC Ergo General Insurance Manager M1 Salary

5 - 14 years exp. (31 salaries)

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₹5 L/yr - ₹14 L/yr

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₹3.9 L/yr - ₹7 L/yr

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₹6.5 L/yr - ₹6.7 L/yr

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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.

Latest annual salaries shared by Kotak Mahindara Life Insurance Manager M1

1y ago
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4 years exp.
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7 years exp.
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6 years exp.
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10 years exp.

Experience wise Kotak Mahindara Life Insurance Manager M1 salaries

Last Updated: 1 Oct 2023

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.2 L/yr
7 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.2 L/yr
8 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Team Manager Salary
(13 salaries)
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₹1.2 L/yr - ₹8.73 L/yr
Area Manager Salary
(21 salaries)
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₹4.94 L/yr - ₹17.4 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Team Lead Salary
(42 salaries)
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₹1.2 L/yr - ₹6.23 L/yr
Branch Manager Salary
(211 salaries)
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₹4.5 L/yr - ₹12.81 L/yr
Deputy Manager Salary
(938 salaries)
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₹2 L/yr - ₹5.69 L/yr
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₹4.4 L/yr - ₹7 L/yr
Project Manager Salary
(19 salaries)
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₹6.5 L/yr - ₹22 L/yr
Cluster Manager Salary
(33 salaries)
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₹4.96 L/yr - ₹12.5 L/yr
Service Manager Salary
(AmbitionBox Estimate)
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₹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

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

read more

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.

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Dislikes

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

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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.....

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Dislikes

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

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Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

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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 65% 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 65% 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, 30% of the Kotak Mahindara Life Insurance Manager M1s reported a notice period of 2 Months, 30% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Manager M1 salary in India ranges between ₹3.8 Lakhs to ₹4.2 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.