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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Medical Underwriter salaries in Mumbai

Annual salary range
0 - 2 years exp.
₹5.2 Lakhs - ₹8 Lakhs
Salary of majority employees
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At par with the average Medical Underwriter Salary in Insurance Companies for 0 - 2 years of experience

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Last Updated: 24 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Medical Underwriter in Mumbai

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Kotak Mahindara Life Insurance Medical Underwriter Salary

0 - 2 years exp. (6 salaries)

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₹5.2 L/yr - ₹8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹3 L/yr - ₹9 L/yr

arrow icon 9% less
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HDFC Life Medical Underwriter Salary

1 - 9 years exp. (12 salaries)

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₹3 L/yr - ₹7.8 L/yr

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₹3.5 L/yr - ₹5 L/yr

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₹6.5 L/yr - ₹14 L/yr

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₹4.3 L/yr - ₹8.3 L/yr

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PNB MetLife Medical Underwriter Salary

1 - 14 years exp. (8 salaries)

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₹3.6 L/yr - ₹13 L/yr

arrow icon 31% more
Medical Underwriter salary at Kotak Mahindara Life Insurance ranges between ₹5.2 Lakhs to ₹8 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Medical Underwriter in Mumbai

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Experience wise Kotak Mahindara Life Insurance Medical Underwriter salaries in Mumbai

Last Updated: 24 Dec 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6 L/yr
1 year (AmbitionBox Estimate)

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₹2.4 L/yr - ₹8 L/yr
2 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹7 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(440 salaries)
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₹2 L/yr - ₹5.8 L/yr
Team Lead Salary
(7 salaries)
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₹2.4 L/yr - ₹6 L/yr
Officer Salary
(4 salaries)
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₹3 L/yr - ₹3.64 L/yr
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₹3.9 L/yr - ₹4.5 L/yr
Data Analyst Salary
(3 salaries)
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₹4.3 L/yr - ₹5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.0

Rated by 1 employees for salary & benefits

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

read more

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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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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Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

Dislikes

... Company gives me 2.5% hike in appraisal after achieving a 70% of YTD Target.... Appraisal and salary hike processes at Kotak Life Insurance are deeply disappointing. Despite dedicated efforts and meeting performance targets, the appraisal system feels arbitrary and lacks transparency. Promises of career growth and salary increments are often unfulfilled, leaving employees demotivated and undervalued. There’s a noticeable disparity between the workload expectations and the compensation provided, which doesn’t align with industry standards. This undermines morale and loyalty among employees, impacting overall productivity and retention. Clearer and fairer appraisal policies are urgently needed to retain talent and boost employee satisfaction."

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Kotak Mahindara Life Insurance Medical Underwriter Salary FAQs

What is the salary of Medical Underwriter at Kotak Mahindara Life Insurance Mumbai?
Medical Underwriter salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹5.2 Lakhs to ₹8.0 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 3% more than the average Medical Underwriter Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.
How does the salary of a Medical Underwriter at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Medical Underwriter at Kotak Mahindara Life Insurance is 3% more than the average salary of a Medical Underwriter in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Medical Underwriter in Mumbai?
  • Bajaj Allianz Life Insurance Medical Underwriter Salary - ₹6.5 Lakhs to ₹14.0 Lakhs per year
  • PNB MetLife Medical Underwriter Salary - ₹3.6 Lakhs to ₹13.0 Lakhs per year
  • Tata AIA Life Insurance Medical Underwriter Salary - ₹4.3 Lakhs to ₹8.3 Lakhs per year
What is the salary of a Medical Underwriter in companies similar to Kotak Mahindara Life Insurance in Mumbai?
  • HDFC Life Medical Underwriter Salary - ₹3.0 Lakhs to ₹7.8 Lakhs per year
  • ICICI Prudential Life Insurance Medical Underwriter Salary - ₹3.0 Lakhs to ₹9.0 Lakhs per year
  • SBI Life Insurance Company Medical Underwriter Salary - ₹3.5 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Medical Underwriter at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Medical Underwriter at Kotak Mahindara Life Insurance ranges between ₹45,558 per month to ₹46,640 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Medical Underwriter salary in India which ranges between ₹5.2 Lakhs to ₹8.0 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?
What is the notice period for Medical Underwriter at Kotak Mahindara Life Insurance in Mumbai?
According to AmbitionBox, 80% of the Kotak Mahindara Life Insurance Medical Underwriters in Mumbai reported a notice period of 3 Months, 20% reported a notice period of 2 Months.This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Medical Underwriter salary in Mumbai ranges between ₹5.2 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.