Kotak Mahindara Life Insurance Mumbai Manager Salaries by 200+ Employees (Updated 2025)

0 - 12 years exp.

₹3 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. (83 salaries)	₹3.5 L/yr - ₹8 L/yr
Customer Success, Service & Operations Manager Salary 0 - 11 years exp. (53 salaries)	₹4 L/yr - ₹8.5 L/yr
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Finance & Accounting Manager Salary 0 - 12 years exp. (25 salaries)	₹3.3 L/yr - ₹7.4 L/yr
Sales & Business Development Manager Salary 0 - 10 years exp. (19 salaries)	₹3.5 L/yr - ₹7.6 L/yr
Marketing & Communication Manager Salary 1 - 11 years exp. (5 salaries)	₹3.5 L/yr - ₹6.5 L/yr

Last Updated: 18 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Manager in Mumbai

Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (238 salaries)

₹3 L/yr - ₹8.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Manager Salary 2 - 16 years exp. (281 salaries)	₹5.9 L/yr - ₹16 L/yr 76% more	1 job opening
ICICI Prudential Life Insurance Manager Salary 1 - 13 years exp. (182 salaries)	₹4 L/yr - ₹14 L/yr 48% more
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Tata AIA Life Insurance Manager Salary 3 - 18 years exp. (152 salaries)	₹6.7 L/yr - ₹29.1 L/yr 201% more	2 job openings
SBI Life Insurance Company Manager Salary 3 - 20 years exp. (150 salaries)	₹5.5 L/yr - ₹17 L/yr 100% more
HDFC Ergo General Insurance Manager Salary 4 - 16 years exp. (145 salaries)	₹4.5 L/yr - ₹15 L/yr 83% more
ICICI Lombard General Insurance Company Manager Salary 2 - 14 years exp. (115 salaries)	₹3.5 L/yr - ₹12.1 L/yr 30% more
Aditya Birla Sun Life Insurance Manager Salary 0 - 12 years exp. (108 salaries)	₹5 L/yr - ₹18 L/yr 102% more
Reliance Nippon Life Insurance Manager Salary 2 - 18 years exp. (65 salaries)	₹3.2 L/yr - ₹11.8 L/yr 30% more
Bajaj Allianz Life Insurance Manager Salary 3 - 18 years exp. (40 salaries)	₹8.5 L/yr - ₹18.5 L/yr 140% more
Aditya Birla Insurance Brokers Manager Salary 4 - 17 years exp. (29 salaries)	₹5.1 L/yr - ₹15 L/yr 66% more
Kotak Mahindra General Insurance Manager Salary 4 - 12 years exp. (26 salaries)	₹3.8 L/yr - ₹8.5 L/yr 25% more
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Axis Max Life Insurance Manager Salary 4 - 16 years exp. (21 salaries)	₹4 L/yr - ₹15 L/yr 54% more	5 job openings
Star Health & Allied Insurance Manager Salary 1 - 12 years exp. (4 salaries)	₹3.2 L/yr - ₹10.8 L/yr 29% more
Gallagher Manager Salary 8 - 13 years exp. (3 salaries)	₹12 L/yr - ₹14 L/yr 146% 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 238 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Manager salaries in Mumbai

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
Fresher (5 salaries)	₹3.5 L/yr - ₹5.8 L/yr
1 year (10 salaries)	₹3.5 L/yr - ₹5.4 L/yr
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2 years (11 salaries)	₹3.9 L/yr - ₹5.6 L/yr
3 years (13 salaries)	₹3.8 L/yr - ₹6.6 L/yr
4 years (17 salaries)	₹3 L/yr - ₹6 L/yr
5 years (25 salaries)	₹3.9 L/yr - ₹7.2 L/yr
6 years (34 salaries)	₹4 L/yr - ₹8.5 L/yr
7 years (32 salaries)	₹3.7 L/yr - ₹8.5 L/yr
8 years (36 salaries)	₹3.8 L/yr - ₹7.7 L/yr
9 years (27 salaries)	₹3.5 L/yr - ₹7.9 L/yr
10 years (17 salaries)	₹4.1 L/yr - ₹8 L/yr
11 years (9 salaries)	₹4 L/yr - ₹7.7 L/yr
12 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹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 - 15 years exp.

27% 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

Deputy Manager Salary

(434 salaries)

₹2.25 L/yr - ₹5.74 L/yr

Management Trainee Salary

(24 salaries)

₹3 L/yr - ₹7 L/yr

Deputy General Manager Salary

(4 salaries)

₹3.5 L/yr - ₹4.4 L/yr

Audit Executive Salary

(4 salaries)

₹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

2.9

Rated by 37 employees for salary & benefits

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.

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Kotak Mahindara Life Insurance Manager Salary FAQs

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

The average salary of a Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹3.0 Lakhs to ₹8.5 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Manager in Mumbai at Kotak Mahindara Life Insurance earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹8.1 Lakhs per year. Manager 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 200+ Kotak Mahindara Life Insurance employees in India.

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 in Mumbai typically ranges from ₹41,456 to ₹42,599 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from Fresher to 12 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 200+ 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 Manager at Kotak Mahindara Life Insurance in Mumbai?

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

- Life Insurance
- Business Development
- Sales
- Bancassurance
- Relationship Management

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 Manager in India?

Tata AIA Life Insurance	₹6.7 Lakhs to ₹29.1 Lakhs per year
Gallagher	₹12.0 Lakhs to ₹14.0 Lakhs per year
Bajaj Allianz Life Insurance	₹8.5 Lakhs to ₹18.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹5.0 Lakhs to ₹18.0 Lakhs per year
SBI Life Insurance Company	₹5.5 Lakhs to ₹17.0 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 Manager in companies similar to Kotak Mahindara Life Insurance in Mumbai?

The salary of a Manager 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:

HDFC Ergo General Insurance	₹4.5 Lakhs to ₹15.0 Lakhs per year
HDFC Life	₹5.9 Lakhs to ₹16.0 Lakhs per year
Aditya Birla Insurance Brokers	₹5.1 Lakhs to ₹15.0 Lakhs per year
Axis Max Life Insurance	₹4.0 Lakhs to ₹15.0 Lakhs per year
ICICI Prudential Life Insurance	₹4.0 Lakhs to ₹14.0 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 Manager at Kotak Mahindara Life Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹3.5 Lakhs to ₹5.8 Lakhs per year
1 year	₹3.5 Lakhs to ₹5.4 Lakhs per year
2 years	₹3.9 Lakhs to ₹5.6 Lakhs per year
3 years	₹3.8 Lakhs to ₹6.6 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Manager Salaries in Mumbai

Kotak Mahindara Life Insurance Manager salary in Mumbai ranges between ₹3 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 238 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

Companies similar to Kotak Mahindara Life Insurance for Manager in Mumbai

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

Experience wise Kotak Mahindara Life Insurance Manager salaries in Mumbai

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 Mumbai

Manager in Kolkata

Manager in Madurai

Manager in Central Side Mumbai

Manager in Siliguri

Kotak Mahindara Life Insurance Manager Salary FAQs

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