Kotak Mahindara Life Insurance Senior Cluster Manager Salaries by 3 Employees (Updated 2025)

14 - 17 years exp.

₹9.3 Lakhs - ₹14.1 Lakhs

Low Confidence

Salary of majority employees

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15% less than the average Senior Cluster Manager Salary in Insurance Companies for 14 - 17 years of experience

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Last Updated: 18 Jul 2024

Companies similar to Kotak Mahindara Life Insurance for Senior Cluster Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Cluster Manager Salary 4 - 6 years exp. (3 salaries)	Unlock ₹10 L/yr - ₹14 L/yr 1% less
HDFC Life Senior Cluster Manager Salary 6 - 20 years exp. (75 salaries)	Unlock ₹7.3 L/yr - ₹14 L/yr 16% less
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Max Life Insurance Senior Cluster Manager Salary 14 - 23 years exp. (6 salaries)	Unlock ₹12.5 L/yr - ₹14.3 L/yr 10% more
Bajaj Allianz Life Insurance Senior Cluster Manager Salary 7 - 19 years exp. (227 salaries)	Unlock ₹7 L/yr - ₹15 L/yr 8% less
Reliance Nippon Life Insurance Senior Cluster Manager Salary 8 - 21 years exp. (4 salaries)	Unlock ₹4.8 L/yr - ₹18 L/yr 29% less
Aditya Birla Sun Life Insurance Senior Cluster Manager Salary 5 - 17 years exp. (145 salaries)	Unlock ₹9.1 L/yr - ₹16.8 L/yr 6% more
PNB MetLife Senior Cluster Manager Salary 11 - 16 years exp. (5 salaries)	Unlock ₹10.9 L/yr - ₹13.5 L/yr 2% less
Star Health & Allied Insurance Senior Cluster Manager Salary 11 - 21 years exp. (5 salaries)	Unlock ₹7 L/yr - ₹8.5 L/yr 37% less
SBI General Insurance Senior Cluster Manager Salary 15 - 26 years exp. (4 salaries)	Unlock ₹12.9 L/yr - ₹14.4 L/yr 7% more

Senior Cluster Manager salary at Kotak Mahindara Life Insurance ranges between ₹9.3 Lakhs to ₹14.1 Lakhs per year for employees with experience between 14 years to 17 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Senior Cluster Manager salaries

Last Updated: 18 Jul 2024

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	Unlock ₹8.4 L/yr - ₹10.7 L/yr
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15+ years (AmbitionBox Estimate)	Unlock ₹12.2 L/yr - ₹15.6 L/yr

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Salary related reviews for Kotak Mahindara Life Insurance

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 26 Jun 2024

1.0

for Salary and Benefits

Likes

Managerial support.

Company culture - Good

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."

Salary - Bad

+2 more

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

Senior Sales Manager in New Delhi

Sales Department

5.0

• posted on 06 May 2021

4.0

for Salary and Benefits

Likes

Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.

Salary - Good

+5 more

Dislikes

Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.

see more salary related reviews

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Kotak Mahindara Life Insurance Senior Cluster Manager Salary FAQs

What is the notice period for Senior Cluster Manager at Kotak Mahindara Life Insurance?

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

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Kotak Mahindara Life Insurance Senior Cluster Manager Salaries

Kotak Mahindara Life Insurance Senior Cluster Manager salary in India ranges between ₹9.3 Lakhs to ₹14.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.