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Kotak Mahindara Life Insurance Operations Manager salaries in India (Updated 2025)

Annual salary range
1 - 13 years exp.
₹2.7 Lakhs - ₹9 Lakhs
Salary of majority employees
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56% less than the average Operations Manager Salary in Insurance Companies for 1 - 13 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Operations Manager Salary
1 - 13 years exp. (21 salaries)
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₹2.7 L/yr - ₹5.9 L/yr

BFSI, Investments & Trading
Operations Manager Salary
1 - 13 years exp. (11 salaries)
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₹3.2 L/yr - ₹9 L/yr

Last Updated: 19 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Operations Manager

Company name Avg Annual Salary Open Jobs
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₹1.8 L/yr - ₹9 L/yr

arrow icon 7% less
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₹2.2 L/yr - ₹11 L/yr

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₹3.6 L/yr - ₹13 L/yr

arrow icon 68% more
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₹1.5 L/yr - ₹7.5 L/yr

arrow icon 11% less
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HDFC Life Operations Manager Salary

1 - 17 years exp. (38 salaries)

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₹1.5 L/yr - ₹10.4 L/yr

arrow icon 18% more
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₹6.5 L/yr - ₹15.6 L/yr

arrow icon 142% more
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₹2.3 L/yr - ₹9.6 L/yr

arrow icon 17% more
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Empower Operations Manager Salary

9 - 15 years exp. (17 salaries)

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₹11.2 L/yr - ₹22 L/yr

arrow icon 231% more
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₹3.5 L/yr - ₹15 L/yr

arrow icon 74% more
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₹2.9 L/yr - ₹3.9 L/yr

arrow icon 19% less
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₹2.6 L/yr - ₹10.1 L/yr

arrow icon 15% more
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₹3.4 L/yr - ₹7.3 L/yr

arrow icon 2% less
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₹2.2 L/yr - ₹5.4 L/yr

arrow icon 7% less
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Gallagher Operations Manager Salary

16 - 19 years exp. (4 salaries)

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₹15.9 L/yr - ₹21.3 L/yr

arrow icon 286% more
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₹5 L/yr - ₹7 L/yr

arrow icon 25% more
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AIG Operations Manager Salary

9 - 14 years exp. (4 salaries)

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₹15 L/yr - ₹16 L/yr

arrow icon 216% more
Operations Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.7 Lakhs to ₹9 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 40 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Operations Manager

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Experience wise Kotak Mahindara Life Insurance Operations Manager salaries

Last Updated: 19 Mar 2025

Experience Avg Annual Salary
1 year  (3 salaries)

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₹3 L/yr - ₹7.2 L/yr
2 years  (5 salaries)

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₹3.2 L/yr - ₹7.5 L/yr
3 years  (3 salaries)

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₹3.8 L/yr - ₹7.7 L/yr
4 years  (3 salaries)

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₹2.7 L/yr - ₹8 L/yr
5 years  (5 salaries)

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₹4.3 L/yr - ₹5.5 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹2 L/yr - ₹7 L/yr
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₹6 L/yr - ₹14.5 L/yr
Service Manager Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
Team Manager Salary
(12 salaries)
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₹1.2 L/yr - ₹7.46 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Branch Manager Salary
(203 salaries)
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₹5 L/yr - ₹13.5 L/yr
Area Manager Salary
(30 salaries)
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₹4.7 L/yr - ₹17.5 L/yr
Deputy Manager Salary
(762 salaries)
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₹2 L/yr - ₹5.74 L/yr
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₹4.4 L/yr - ₹7 L/yr
Project Manager Salary
(14 salaries)
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₹6.5 L/yr - ₹22 L/yr

Top skills at Kotak Mahindara Life Insurance for Operations Manager

Life Insurance Operations Processing Finance Operations Management Governance Insurance MIS Reporting Team Management mba fresher TAT Branch Operations

Salary related reviews for Kotak Mahindara Life Insurance

3.1

Rated by 9 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
  • Skill development - Poor
  • +4 more

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..

read more

Dislikes

I like nothing about them.. I m with my word..

  • Salary - Bad
  • +6 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
  • Salary - Poor
  • +5 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.

read more
  • Skill development - Good
  • +1 more

Dislikes

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

read more
  • Salary - Poor
  • +1 more

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.....

read more

Dislikes

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

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Kotak Mahindara Life Insurance Operations Manager Salary FAQs

What is the salary of Operations Manager at Kotak Mahindara Life Insurance ?
The average salary of a Operations Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹2.7 Lakhs to ₹9.0 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Operations Manager at Kotak Mahindara Life Insurance earn more than ₹5.9 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Operations 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 40+ Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Operations Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Operations Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹36,244 to ₹37,465 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹9.0 Lakhs per year for employees with experience ranging from 1 year to 13 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 40+ 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 Operations Manager at Kotak Mahindara Life Insurance ?
To be a Operations Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

  • - Life Insurance
  • - Operations
  • - Processing
  • - Finance
  • - Operations 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 Operations Manager in India?
Gallagher ₹15.9 Lakhs to ₹21.3 Lakhs per year
Empower ₹11.2 Lakhs to ₹22.0 Lakhs per year
AIG ₹15.0 Lakhs to ₹16.0 Lakhs per year
Tata AIA Life Insurance ₹6.5 Lakhs to ₹15.6 Lakhs per year
Bajaj Allianz Life Insurance ₹3.5 Lakhs to ₹15.0 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 Operations Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Operations Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company ₹3.6 Lakhs to ₹13.0 Lakhs per year
Axis Max Life Insurance ₹2.2 Lakhs to ₹11.0 Lakhs per year
Spectrum Insurance Distribution ₹5.0 Lakhs to ₹7.0 Lakhs per year
HDFC Life ₹1.5 Lakhs to ₹10.4 Lakhs per year
HDFC Ergo General Insurance ₹2.3 Lakhs to ₹9.6 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 Operations Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Operations Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Operations Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
1 year ₹3.0 Lakhs to ₹7.2 Lakhs per year
2 years ₹3.2 Lakhs to ₹7.5 Lakhs per year
3 years ₹3.8 Lakhs to ₹7.7 Lakhs per year
4 years ₹2.7 Lakhs to ₹8.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Operations Manager salary in India ranges between ₹2.7 Lakhs to ₹9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 40 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.