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Kotak Mahindara Life Insurance Manager salaries in Mumbai

Annual salary range
0 - 12 years exp.
₹3 Lakhs - ₹8.5 Lakhs
Salary of majority employees
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67% less than the average Manager Salary in Insurance Companies for 0 - 12 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Manager Salary
0 - 12 years exp. (88 salaries)
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₹3.5 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Manager Salary
0 - 11 years exp. (52 salaries)
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₹4 L/yr - ₹8.5 L/yr

Finance & Accounting
Manager Salary
0 - 12 years exp. (26 salaries)
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₹3.3 L/yr - ₹7.4 L/yr

Sales & Business Development
Manager Salary
0 - 12 years exp. (21 salaries)
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₹3.5 L/yr - ₹7.6 L/yr

Marketing & Communication
Manager Salary
1 - 11 years exp. (5 salaries)
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₹3.5 L/yr - ₹6.5 L/yr

Last Updated: 15 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Manager in Mumbai

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Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (243 salaries)

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₹3 L/yr - ₹8.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Manager Salary

2 - 16 years exp. (284 salaries)

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₹5.9 L/yr - ₹18 L/yr

arrow icon 83% more
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ICICI Prudential Life Insurance Manager Salary

1 - 13 years exp. (179 salaries)

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₹3.4 L/yr - ₹13.9 L/yr

arrow icon 51% more
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SBI Life Insurance Company Manager Salary

3 - 20 years exp. (161 salaries)

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₹5.5 L/yr - ₹18 L/yr

arrow icon 114% more
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Max Life Insurance Manager Salary

5 - 16 years exp. (20 salaries)

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₹4 L/yr - ₹15 L/yr

arrow icon 59% more
12 job openings
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Bajaj Allianz Life Insurance Manager Salary

3 - 17 years exp. (38 salaries)

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₹8.5 L/yr - ₹24.1 L/yr

arrow icon 151% more
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Tata AIA Life Insurance Manager Salary

4 - 18 years exp. (168 salaries)

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₹6.8 L/yr - ₹26 L/yr

arrow icon 193% more
16 job openings
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HDFC Ergo General Insurance Manager Salary

4 - 16 years exp. (146 salaries)

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₹4.5 L/yr - ₹15 L/yr

arrow icon 83% more
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₹3.5 L/yr - ₹12 L/yr

arrow icon 26% more
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Aditya Birla Sun Life Insurance Manager Salary

0 - 12 years exp. (106 salaries)

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₹5 L/yr - ₹18 L/yr

arrow icon 102% more
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Reliance Nippon Life Insurance Manager Salary

2 - 18 years exp. (60 salaries)

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₹3.2 L/yr - ₹11.5 L/yr

arrow icon 22% more
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SBI General Insurance Manager Salary

1 - 13 years exp. (42 salaries)

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₹6.5 L/yr - ₹15 L/yr

arrow icon 63% more
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PNB MetLife Manager Salary

6 - 17 years exp. (36 salaries)

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₹4.7 L/yr - ₹15.5 L/yr

arrow icon 108% more
2 job openings
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Aditya Birla Insurance Brokers Manager Salary

4 - 17 years exp. (30 salaries)

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₹5.1 L/yr - ₹15 L/yr

arrow icon 65% more
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Kotak Mahindra General Insurance Manager Salary

4 - 12 years exp. (26 salaries)

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₹3.8 L/yr - ₹8.5 L/yr

arrow icon 27% more
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Star Health & Allied Insurance Manager Salary

1 - 12 years exp. (4 salaries)

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₹3.2 L/yr - ₹10.8 L/yr

arrow icon 33% more
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Gallagher Manager Salary

8 - 13 years exp. (3 salaries)

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₹12 L/yr - ₹14 L/yr

arrow icon 136% more
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₹4.9 L/yr - ₹10.9 L/yr

arrow icon 44% more
Manager salary at Kotak Mahindara Life Insurance ranges between ₹3 Lakhs to ₹8.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 243 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Manager in Mumbai

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Experience wise Kotak Mahindara Life Insurance Manager salaries in Mumbai

Last Updated: 15 Feb 2025

Experience Avg Annual Salary
Fresher  (5 salaries)

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₹3.5 L/yr - ₹5.8 L/yr
1 year  (9 salaries)

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₹3.5 L/yr - ₹5.4 L/yr
2 years  (11 salaries)

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₹3.9 L/yr - ₹5.6 L/yr
3 years  (12 salaries)

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₹3.8 L/yr - ₹6.6 L/yr
4 years  (18 salaries)

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₹3 L/yr - ₹6 L/yr
View all
Kotak Mahindara Life Insurance Manager Salary and Career Growth

From

To

Manager

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0 - 12 years exp.

Chief Manager

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0 - 17 years exp.

Manager 0 - 12 years exp.
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Senior Manager 0 - 15 years exp.
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arrow icon 26% hike
    Chief Manager 0 - 17 years exp.
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    arrow icon 68% 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

    Deputy Manager Salary
    (412 salaries)
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    ₹2 L/yr - ₹5.69 L/yr
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    ₹3 L/yr - ₹7 L/yr
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    ₹3.5 L/yr - ₹4.4 L/yr
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    ₹2.4 L/yr - ₹6.1 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

    3.1

    Rated by 33 employees for salary & benefits

    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 .

    read more
    • 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.

    read more

    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.

    read more
    • Salary - Bad
    • +4 more

    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.

    read more
    • 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.

    read more

    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.

    read more
    • 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.

    read more

    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.

    read more
    • 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.

    read more
    • Promotions - Poor
    see more salary related reviews

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    Kotak Mahindara Life Insurance Manager Salary FAQs

    What is the salary of Manager at Kotak Mahindara Life Insurance Mumbai?
    Manager salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹3.0 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 243 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.
    How does the salary of a Manager at Kotak Mahindara Life Insurance Mumbai 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 Mumbai. 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 Mumbai.
    Which similar companies are paying more than Kotak Mahindara Life Insurance to a Manager in Mumbai?
    • Tata AIA Life Insurance Manager Salary - ₹6.8 Lakhs to ₹26.0 Lakhs per year
    • Bajaj Allianz Life Insurance Manager Salary - ₹8.5 Lakhs to ₹24.1 Lakhs per year
    • Gallagher Manager Salary - ₹12.0 Lakhs to ₹14.0 Lakhs per year
    • SBI Life Insurance Company Manager Salary - ₹5.5 Lakhs to ₹18.0 Lakhs per year
    • PNB MetLife Manager Salary - ₹4.7 Lakhs to ₹15.5 Lakhs per year
    What is the salary of a Manager in companies similar to Kotak Mahindara Life Insurance in Mumbai?
    • Aditya Birla Sun Life Insurance Manager Salary - ₹5.0 Lakhs to ₹18.0 Lakhs per year
    • HDFC Life Manager Salary - ₹5.9 Lakhs to ₹18.0 Lakhs per year
    • HDFC Ergo General Insurance Manager Salary - ₹4.5 Lakhs to ₹15.0 Lakhs per year
    • Aditya Birla Insurance Brokers Manager Salary - ₹5.1 Lakhs to ₹15.0 Lakhs per year
    • SBI General Insurance Manager Salary - ₹6.5 Lakhs to ₹15.0 Lakhs per year
    What is the estimated take home salary of a Manager at Kotak Mahindara Life Insurance in Mumbai?
    The estimated take-home salary of a Manager at Kotak Mahindara Life Insurance ranges between ₹41,316 per month to ₹42,461 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Manager salary in India which ranges between ₹3.0 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 in Mumbai?
    According to AmbitionBox, 65% of the Kotak Mahindara Life Insurance Managers in Mumbai reported a notice period of 3 Months, 17% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 165 responses on AmbitionBox in last 2 years.

    Tell us how to improve this page.

    Kotak Mahindara Life Insurance Manager salary in Mumbai ranges between ₹3 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 243 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.