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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Senior Divisional Manager salaries in India

Annual salary range
15 - 23 years exp.
₹22 Lakhs - ₹27 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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50% more than the average Senior Divisional Manager Salary in Insurance Companies for 15 - 23 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Divisional Manager Salary
15 - 23 years exp. (5 salaries)
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₹22 L/yr - ₹25 L/yr

Sales & Business Development
Senior Divisional Manager Salary
22 years exp. (AmbitionBox Estimate)
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₹24.3 L/yr - ₹29.7 L/yr

Last Updated: 23 Oct 2024

Companies similar to Kotak Mahindara Life Insurance for Senior Divisional Manager

Company name Avg Annual Salary Open Jobs
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₹15 L/yr - ₹28.8 L/yr

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₹24 L/yr - ₹30.7 L/yr

arrow icon 24% more
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₹5.9 L/yr - ₹13.4 L/yr

arrow icon 65% less
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₹13 L/yr - ₹21.1 L/yr

arrow icon 25% less
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₹16 L/yr - ₹35 L/yr

arrow icon 11% more
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₹8 L/yr - ₹10 L/yr

arrow icon 60% less
Senior Divisional Manager salary at Kotak Mahindara Life Insurance ranges between ₹22 Lakhs to ₹27 Lakhs per year for employees with experience between 15 years to 23 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 Senior Divisional Manager

2mo ago
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15 years exp.
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20 years exp.
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22 years exp.
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23 years exp.
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22 years exp.
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19 years exp.

Experience wise Kotak Mahindara Life Insurance Senior Divisional Manager salaries

Last Updated: 23 Oct 2024

Experience Avg Annual Salary
15+ years  (6 salaries)

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₹22 L/yr - ₹27 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹3 L/yr - ₹6 L/yr
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₹9.58 L/yr - ₹22 L/yr
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₹15.38 L/yr - ₹20 L/yr
Assistant General Manager Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
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₹1.8 L/yr - ₹5.8 L/yr
Branch Manager Salary
(200 salaries)
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₹4.5 L/yr - ₹13 L/yr
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₹3.5 L/yr - ₹10 L/yr
Area Manager Salary
(22 salaries)
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₹5.18 L/yr - ₹17.2 L/yr
Sales Manager Salary
(533 salaries)
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₹2.4 L/yr - ₹6.28 L/yr
Cluster Manager Salary
(33 salaries)
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₹4.96 L/yr - ₹12.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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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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

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Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 04 Apr 2024

3.0
 for  Salary and Benefits

Likes

Work life balance is okay. Good place to work in. Maximum professionally qualified employees.

Dislikes

No Employee benefits. Salary lower than industry standards. No comp off. Politics (common in every organisation) No work from home.

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Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 27 Jul 2023

5.0
 for  Salary and Benefits

Likes

HR support is very good.. Salary amd Incentive payout

Dislikes

Kotak is big brand to work but few of the Senior Managers made the work culture worst just for their benefits... They doesn't have feelings about the pain of employees.

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Kotak Mahindara Life Insurance Senior Divisional Manager Salary FAQs

What is the salary of Senior Divisional Manager at Kotak Mahindara Life Insurance?
Senior Divisional Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹22.0 Lakhs to ₹27.0 Lakhs for experience between 15 years to 23 years. According to our estimates it is 50% more than the average Senior Divisional Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Senior Divisional Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Senior Divisional Manager at Kotak Mahindara Life Insurance is 50% more than the average salary of a Senior Divisional Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Senior Divisional Manager in India?
  • Life Insurance Corporation of India Senior Divisional Manager Salary - ₹24.0 Lakhs to ₹30.7 Lakhs per year
  • The New India Assurance Co. Senior Divisional Manager Salary - ₹16.0 Lakhs to ₹35.0 Lakhs per year
What is the salary of a Senior Divisional Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • SBI Life Insurance Company Senior Divisional Manager Salary - ₹15.0 Lakhs to ₹28.8 Lakhs per year
  • United India Insurance Company Senior Divisional Manager Salary - ₹13.0 Lakhs to ₹21.1 Lakhs per year
  • Shriram Life Insurance Senior Divisional Manager Salary - ₹8.0 Lakhs to ₹10.0 Lakhs per year
  • Star Health & Allied Insurance Senior Divisional Manager Salary - ₹5.9 Lakhs to ₹13.4 Lakhs per year
What is the estimated take home salary of a Senior Divisional Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Senior Divisional Manager at Kotak Mahindara Life Insurance ranges between ₹1,52,965 per month to ₹1,58,745 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Senior Divisional Manager salary in India which ranges between ₹22.0 Lakhs to ₹27.0 Lakhs per year for employees with experience between 15 years to 23 years. Check how did we calculate take home salary?
What is the notice period for Senior Divisional Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 57% of the Kotak Mahindara Life Insurance Senior Divisional Managers reported a notice period of 3 Months, 14% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Senior Divisional Manager salary in India ranges between ₹22 Lakhs to ₹27 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.