Kotak Mahindara Life Insurance Mumbai Operations Manager Salaries by 5 Employees (Updated 2025)

1 - 10 years exp.

₹3.1 Lakhs - ₹5 Lakhs

Salary of majority employees

57% less than the average Operations Manager Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

Customer Success, Service & Operations Operations Manager Salary 1 - 10 years exp. (3 salaries)	₹3.1 L/yr - ₹4.8 L/yr
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BFSI, Investments & Trading Operations Manager Salary 10 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr

Last Updated: 9 Dec 2024

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

Kotak Mahindara Life Insurance Operations Manager Salary

1 - 10 years exp. (5 salaries)

₹3.1 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Operations Manager Salary 2 - 7 years exp. (8 salaries)	₹3.7 L/yr - ₹9 L/yr 30% more
HDFC Life Operations Manager Salary 1 - 17 years exp. (9 salaries)	₹1.5 L/yr - ₹10 L/yr 20% more
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SBI Life Insurance Company Operations Manager Salary 8 - 17 years exp. (9 salaries)	₹7.3 L/yr - ₹10 L/yr 69% more
Bajaj Allianz Life Insurance Operations Manager Salary 4 - 16 years exp. (3 salaries)	₹5 L/yr - ₹13.5 L/yr 101% more
Tata AIA Life Insurance Operations Manager Salary 10 - 17 years exp. (13 salaries)	₹10.1 L/yr - ₹15.6 L/yr 152% more
PNB MetLife Operations Manager Salary 8 - 11 years exp. (3 salaries)	₹7.7 L/yr - ₹11.2 L/yr 74% more
ICICI Lombard General Insurance Company Operations Manager Salary 2 - 11 years exp. (161 salaries)	₹1.8 L/yr - ₹8.1 L/yr 16% less	1 job opening
HDFC Ergo General Insurance Operations Manager Salary 8 - 13 years exp. (4 salaries)	₹2.3 L/yr - ₹7.8 L/yr 14% more
SBI General Insurance Operations Manager Salary 2 - 16 years exp. (3 salaries)	₹3.8 L/yr - ₹6.3 L/yr At par

Operations Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.1 Lakhs to ₹5 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Operations Manager salaries in Mumbai

Last Updated: 9 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.1 L/yr - ₹7 L/yr
2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
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3 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹7.7 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
8 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹9.1 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(410 salaries)

₹2 L/yr - ₹5.69 L/yr

Relationship Manager Salary

(29 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Branch Manager Salary

(19 salaries)

₹6 L/yr - ₹11 L/yr

Project Manager Salary

(12 salaries)

₹6.5 L/yr - ₹22 L/yr

Senior Operations Manager Salary

(4 salaries)

₹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

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..

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

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.

Skill development - Good

+1 more

Dislikes

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

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.....

Dislikes

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

Salary - Bad

+6 more

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Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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Kotak Mahindara Life Insurance Operations Manager Salary FAQs

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

Operations Manager salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹3.1 Lakhs to ₹5.0 Lakhs for experience between 1 years to 10 years. According to our estimates it is 57% less than the average Operations Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.

How does the salary of a Operations Manager at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Operations Manager at Kotak Mahindara Life Insurance is 57% less than the average salary of a Operations Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Operations Manager at Kotak Mahindara Life Insurance?

Life Insurance, Operations, Processing, Finance and Operations Management are some of the popular skills required to work as a Operations Manager at Kotak Mahindara Life Insurance Mumbai.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Operations Manager in Mumbai?

Tata AIA Life Insurance Operations Manager Salary - ₹10.1 Lakhs to ₹15.6 Lakhs per year
Bajaj Allianz Life Insurance Operations Manager Salary - ₹5.0 Lakhs to ₹13.5 Lakhs per year
PNB MetLife Operations Manager Salary - ₹7.7 Lakhs to ₹11.2 Lakhs per year
SBI Life Insurance Company Operations Manager Salary - ₹7.3 Lakhs to ₹10.0 Lakhs per year
ICICI Prudential Life Insurance Operations Manager Salary - ₹3.7 Lakhs to ₹9.0 Lakhs per year

What is the salary of a Operations Manager in companies similar to Kotak Mahindara Life Insurance in Mumbai?

HDFC Life Operations Manager Salary - ₹1.5 Lakhs to ₹10.0 Lakhs per year
HDFC Ergo General Insurance Operations Manager Salary - ₹2.3 Lakhs to ₹7.8 Lakhs per year
SBI General Insurance Operations Manager Salary - ₹3.8 Lakhs to ₹6.3 Lakhs per year
ICICI Lombard General Insurance Company Operations Manager Salary - ₹1.8 Lakhs to ₹8.1 Lakhs per year

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 ranges between ₹35,064 per month to ₹36,302 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Operations Manager salary in India which ranges between ₹3.1 Lakhs to ₹5.0 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Operations Manager at Kotak Mahindara Life Insurance in Mumbai?

According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Operations Managers in Mumbai reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Operations Manager Salaries in Mumbai

Kotak Mahindara Life Insurance Operations Manager salary in Mumbai ranges between ₹3.1 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Operations Manager salaries in Mumbai

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

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

Experience wise Kotak Mahindara Life Insurance Operations Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Operations Manager

Salary related reviews for Kotak Mahindara Life Insurance

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Deputy Manager in Thane

Deputy Manager in Mumbai

Team Manager in Kolkata

Kotak Mahindara Life Insurance Operations Manager Salary FAQs

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