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This company page is being actively managed by Kotak Mahindara Life Insurance Team. If you also belong to the team, you can get access from here

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3.7

based on 2.9k Reviews

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Kotak Mahindara Life Insurance Operations Manager salaries in Mumbai

Annual salary range
1 - 10 years exp.
₹3.1 Lakhs - ₹7.2 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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54% less than the average Operations Manager Salary in Insurance Companies for 1 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations
Operations Manager Salary
1 - 10 years exp. (3 salaries)
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₹3.1 L/yr - ₹4.8 L/yr

BFSI, Investments & Trading
Operations Manager Salary
10 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹6.7 L/yr

Last Updated: 9 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Operations Manager in Mumbai

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Kotak Mahindara Life Insurance Operations Manager Salary

1 - 10 years exp. (7 salaries)
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₹3.1 L/yr - ₹7.2 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Lombard General Insurance Company Operations Manager Salary

2 - 13 years exp. (170 salaries)
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₹1.8 L/yr - ₹8.1 L/yr

arrow icon 19% less
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Tata AIA Life Insurance Operations Manager Salary

10 - 17 years exp. (13 salaries)
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₹10.1 L/yr - ₹15.6 L/yr

arrow icon 132% more
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SBI Life Insurance Company Operations Manager Salary

8 - 17 years exp. (9 salaries)
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₹7.3 L/yr - ₹10 L/yr

arrow icon 61% more
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HDFC Life Operations Manager Salary

1 - 17 years exp. (9 salaries)
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₹1.5 L/yr - ₹10 L/yr

arrow icon 10% more
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ICICI Prudential Life Insurance Operations Manager Salary

3 - 5 years exp. (6 salaries)
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₹3.7 L/yr - ₹6.2 L/yr

arrow icon 1% less
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HDFC Ergo General Insurance Operations Manager Salary

8 - 13 years exp. (4 salaries)
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₹2.3 L/yr - ₹7.8 L/yr

arrow icon 30% more
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Bajaj Allianz Life Insurance Operations Manager Salary

4 - 16 years exp. (3 salaries)
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₹5 L/yr - ₹13.5 L/yr

arrow icon 85% more
Operations Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.1 Lakhs to ₹7.2 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

4mo ago
₹4.8 Lakhs
10 years exp.
8mo ago
₹3.1 Lakhs
1 year exp.
1y ago
₹3.9 Lakhs
4 years exp.

Experience wise Kotak Mahindara Life Insurance Operations Manager salaries in Mumbai

Last Updated: 9 Dec 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.9 L/yr
2 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
3 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
4 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹5.4 L/yr
5 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(434 salaries)
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₹2.25 L/yr - ₹5.74 L/yr
Relationship Manager Salary
(25 salaries)
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₹2.4 L/yr - ₹4.5 L/yr
Branch Manager Salary
(18 salaries)
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₹6 L/yr - ₹11 L/yr
Project Manager Salary
(12 salaries)
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₹6.5 L/yr - ₹22 L/yr
Operations Executive Salary
(10 salaries)
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₹2.45 L/yr - ₹4.5 L/yr
Senior Operations Manager Salary
(4 salaries)
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₹6 L/yr - ₹17.3 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

Deputy Manager in Mumbai

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

Relationship Manager in Kolkata

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

Deputy Manager in Thane

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

Deputy Manager in Mumbai

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

Team Manager in Kolkata

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

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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Kotak Mahindara Life Insurance Operations Manager Salary FAQs

What is the salary of Operations Manager at Kotak Mahindara Life Insurance in Mumbai?
The average salary of a Operations Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹3.1 Lakhs to ₹7.2 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Operations Manager in Mumbai at Kotak Mahindara Life Insurance earn more than ₹7.2 Lakhs per year, and the top 1% earn over ₹7.2 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 7 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Operations Manager at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Operations Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹38,409 to ₹39,598 per month. This is based on the average salary range of ₹3.1 Lakhs to ₹7.2 Lakhs per year for employees with experience ranging from 1 year to 10 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 7 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 in Mumbai?
To be a Operations Manager at Kotak Mahindara Life Insurance in Mumbai, 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?
Tata AIA Life Insurance ₹10.1 Lakhs to ₹15.6 Lakhs per year
Bajaj Allianz Life Insurance ₹5.0 Lakhs to ₹13.5 Lakhs per year
SBI Life Insurance Company ₹7.3 Lakhs to ₹10.0 Lakhs per year
HDFC Ergo General Insurance ₹2.3 Lakhs to ₹7.8 Lakhs per year
HDFC Life ₹1.5 Lakhs to ₹10.0 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 Mumbai?
The salary of a Operations 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:

ICICI Prudential Life Insurance ₹3.7 Lakhs to ₹6.2 Lakhs per year
ICICI Lombard General Insurance Company ₹1.8 Lakhs to ₹8.1 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 Mumbai?
The salary growth for a Operations Manager at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Operations Manager in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
1 year ₹3.8 Lakhs to ₹4.9 Lakhs per year
2 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
3 years ₹4.1 Lakhs to ₹5.2 Lakhs per year
4 years ₹4.2 Lakhs to ₹5.4 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Operations Manager salary in Mumbai ranges between ₹3.1 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.