Kotak Mahindara Life Insurance Senior Manager Salaries by 600+ Employees (Updated 2025)

0 - 14 years exp.

₹3.3 Lakhs - ₹10.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

69% less than the average Senior Manager Salary in Insurance Companies for 0 - 14 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 0 - 14 years exp. (184 salaries)	₹3.8 L/yr - ₹10 L/yr
Sales & Business Development Senior Manager Salary 0 - 14 years exp. (125 salaries)	₹3.5 L/yr - ₹9.7 L/yr
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Customer Success, Service & Operations Senior Manager Salary 1 - 14 years exp. (54 salaries)	₹4.2 L/yr - ₹11.2 L/yr
Finance & Accounting Senior Manager Salary 1 - 12 years exp. (50 salaries)	₹3.8 L/yr - ₹12 L/yr
Marketing & Communication Senior Manager Salary 1 - 11 years exp. (47 salaries)	₹3.9 L/yr - ₹8.7 L/yr

View all

Last Updated: 4 Apr 2025

Companies similar to Kotak Mahindara Life Insurance for Senior Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (1.6k salaries)	₹4.9 L/yr - ₹13.9 L/yr 44% more	4 job openings
HDFC Life Senior Manager Salary 2 - 20 years exp. (585 salaries)	₹9 L/yr - ₹25 L/yr 107% more	4 job openings
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ICICI Prudential Life Insurance Senior Manager Salary 0 - 9 years exp. (470 salaries)	₹11 L/yr - ₹27 L/yr 165% more
Axis Max Life Insurance Senior Manager Salary 5 - 17 years exp. (344 salaries)	₹8 L/yr - ₹30.8 L/yr 174% more	2 job openings
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (297 salaries)	₹7.5 L/yr - ₹22.6 L/yr 112% more
Tata AIA Life Insurance Senior Manager Salary 8 - 20 years exp. (233 salaries)	₹10.8 L/yr - ₹42 L/yr 265% more	3 job openings
Reliance Nippon Life Insurance Senior Manager Salary 0 - 17 years exp. (208 salaries)	₹6.3 L/yr - ₹14.2 L/yr 21% more
Bajaj Allianz Life Insurance Senior Manager Salary 3 - 18 years exp. (138 salaries)	₹9 L/yr - ₹22.9 L/yr 104% more
Aditya Birla Sun Life Insurance Senior Manager Salary 1 - 12 years exp. (107 salaries)	₹4 L/yr - ₹17 L/yr 43% more
Star Health & Allied Insurance Senior Manager Salary 4 - 15 years exp. (83 salaries)	₹4 L/yr - ₹14 L/yr 24% more

View all

Senior Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.3 Lakhs to ₹10.4 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 687 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Manager

1d ago

₹9.7 Lakhs

7 years exp.

1d ago

₹8.5 Lakhs

12 years exp.

5d ago

₹6.5 Lakhs

6 years exp.

1w ago

₹7.5 Lakhs

1 year exp.

1w ago

₹5 Lakhs

6 years exp.

1w ago

7 years exp.

1w ago

7 years exp.

2w ago

8 years exp.

2w ago

1 year exp.

2w ago

6 years exp.

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
Fresher (4 salaries)	₹4 L/yr - ₹8 L/yr
1 year (61 salaries)	₹3.5 L/yr - ₹10.4 L/yr
Login to view exact salary
2 years (63 salaries)	₹3.5 L/yr - ₹9.3 L/yr
3 years (76 salaries)	₹3.9 L/yr - ₹10.4 L/yr
4 years (58 salaries)	₹3.6 L/yr - ₹10.2 L/yr
5 years (61 salaries)	₹3.3 L/yr - ₹10 L/yr
6 years (56 salaries)	₹4.2 L/yr - ₹11 L/yr
7 years (59 salaries)	₹3.5 L/yr - ₹11 L/yr
8 years (60 salaries)	₹3.8 L/yr - ₹11 L/yr
9 years (56 salaries)	₹4.3 L/yr - ₹11.8 L/yr
10 years (54 salaries)	₹4 L/yr - ₹11.2 L/yr
11 years (29 salaries)	₹4.2 L/yr - ₹12 L/yr
12 years (22 salaries)	₹4.5 L/yr - ₹11.4 L/yr
13 years (12 salaries)	₹4.2 L/yr - ₹10 L/yr
14 years (16 salaries)	₹4.8 L/yr - ₹10.3 L/yr

View all

From

Senior Manager

0 - 14 years exp.

Chief Manager

0 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Senior Sales Manager Salary

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₹6 L/yr - ₹22.1 L/yr

Marketing Manager Salary

(5 salaries)

₹3.5 L/yr - ₹7 L/yr

Business Manager Salary

(4 salaries)

₹3.3 L/yr - ₹6.2 L/yr

Top skills at Kotak Mahindara Life Insurance for Senior Manager

Life Insurance Operations Policy Servicing Agency Sales banca sales

Salary related reviews for Kotak Mahindara Life Insurance

3.2

Rated by 146 employees for salary & benefits

Senior Manager in Jorhat

Full Time

Sales & Business Development Department

2.0

• posted on 01 May 2024

2.0

for Salary and Benefits

Likes

Nothing good to write about.

Dislikes

Can't even count the dislikes. 1. You are never sure that you will get your salary on time. HR can (by mistake) mistakes at time of salary credit. 2. Upper management lies alot. 3. You wont learn anything, if u have ideas of growth and benificial for the company (Forget It) 4. HR is just a word, the people of the department don't know what HR does for a change. 5. You will be promissed alot of things at time of joining, rest assured they are just a myth. This list can go on and on, i just don't wanna waste my time on them anymore.

Salary - Poor

+6 more

Senior Manager in Mumbai

Full Time

Finance & Accounting Department

4.0

• posted on 04 Oct 2021

3.0

for Salary and Benefits

Likes

Company has a good work culture but work pressure would be on higher side as compared to salary groth. Good company to join for steady long-term growth

Skill development - Good

+3 more

Dislikes

There is no transport management service. HR is least active in organization. No events for employees even in festival season. Including no sweets distribution festival like Diwali/Dushera/Eid

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Kotak Mahindara Life Insurance Senior Manager Salary FAQs

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

The average salary of a Senior Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹3.3 Lakhs to ₹10.4 Lakhs per year, depending on experience (from Fresher to 14 years).

The top 10% of Senior Manager at Kotak Mahindara Life Insurance earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹11.1 Lakhs per year. Senior 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 600+ Kotak Mahindara Life Insurance employees in India.

What is the estimated take home salary of a Senior Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Senior Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹51,270 to ₹52,479 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹10.4 Lakhs per year for employees with experience ranging from Fresher to 14 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 600+ 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 Senior Manager at Kotak Mahindara Life Insurance ?

To be a Senior Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

- Life Insurance
- Operations
- Policy Servicing
- Agency Sales
- banca sales

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 Senior Manager in India?

AIG	₹18.5 Lakhs to ₹35.1 Lakhs per year
Empower	₹18.0 Lakhs to ₹38.0 Lakhs per year
Swiss Re	₹10.3 Lakhs to ₹45.0 Lakhs per year
XL Catlin	₹24.0 Lakhs to ₹26.0 Lakhs per year
Maruti Suzuki Insurance Broking	₹18.0 Lakhs to ₹33.0 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 Senior Manager in companies similar to Kotak Mahindara Life Insurance in India?

The salary of a Senior 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:

Tata AIA Life Insurance	₹10.8 Lakhs to ₹42.0 Lakhs per year
AXA	₹20.0 Lakhs to ₹26.5 Lakhs per year
Axis Max Life Insurance	₹8.0 Lakhs to ₹30.8 Lakhs per year
ICICI Prudential Life Insurance	₹11.0 Lakhs to ₹27.0 Lakhs per year
Gallagher	₹8.6 Lakhs to ₹27.0 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 Senior Manager at Kotak Mahindara Life Insurance in India?

The salary growth for a Senior Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
Fresher	₹4.0 Lakhs to ₹8.0 Lakhs per year
1 year	₹3.5 Lakhs to ₹10.4 Lakhs per year
2 years	₹3.5 Lakhs to ₹9.3 Lakhs per year
3 years	₹3.9 Lakhs to ₹10.4 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Senior Manager Salaries by Location

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Kotak Mahindara Life Insurance Senior Manager Salaries

Kotak Mahindara Life Insurance Senior Manager salary in India ranges between ₹3.3 Lakhs to ₹10.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 687 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

Companies similar to Kotak Mahindara Life Insurance for Senior Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Manager

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Senior Manager

Salary related reviews for Kotak Mahindara Life Insurance

Senior Manager in Jorhat

Senior Manager in Mumbai

Sales Manager in Mumbai

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Kotak Mahindara Life Insurance Senior Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindara Life Insurance Senior Manager Salaries by Location