Upload Button Icon Add office photos
Engaged Employer

i

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
filter salariesFilter salaries by

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

Annual salary range
1 - 15 years exp.
₹3.3 Lakhs - ₹10.5 Lakhs
Salary of majority employees
unlock blur
unlock blur

68% less than the average Senior Manager Salary in Insurance Companies for 1 - 15 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading
Senior Manager Salary
1 - 15 years exp. (187 salaries)
unlock-blur

₹3.8 L/yr - ₹9.9 L/yr

Sales & Business Development
Senior Manager Salary
1 - 15 years exp. (126 salaries)
unlock-blur

₹3.5 L/yr - ₹9.7 L/yr

Customer Success, Service & Operations
Senior Manager Salary
1 - 14 years exp. (55 salaries)
unlock-blur

₹4.2 L/yr - ₹12.1 L/yr

Finance & Accounting
Senior Manager Salary
1 - 12 years exp. (50 salaries)
unlock-blur

₹3.8 L/yr - ₹12 L/yr

Marketing & Communication
Senior Manager Salary
1 - 11 years exp. (47 salaries)
unlock-blur

₹3.9 L/yr - ₹8.7 L/yr

View all

Last Updated: 24 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Senior Manager

Company name Avg Annual Salary Open Jobs
unlock blur

₹4.9 L/yr - ₹13.8 L/yr

arrow icon 40% more
1 job opening
Logo
HDFC Life Senior Manager Salary

2 - 20 years exp. (588 salaries)

unlock blur

₹9 L/yr - ₹23.1 L/yr

arrow icon 101% more
3 job openings
unlock blur

₹11 L/yr - ₹27 L/yr

arrow icon 159% more
Logo
Axis Max Life Insurance Senior Manager Salary

3 - 17 years exp. (332 salaries)

unlock blur

₹8 L/yr - ₹30.9 L/yr

arrow icon 153% more
3 job openings
Logo
unlock blur

₹7 L/yr - ₹24 L/yr

arrow icon 118% more
Logo
Tata AIA Life Insurance Senior Manager Salary

8 - 19 years exp. (231 salaries)

unlock blur

₹10.8 L/yr - ₹42 L/yr

arrow icon 250% more
5 job openings
unlock blur

₹6.6 L/yr - ₹13.8 L/yr

arrow icon 22% more
Logo
unlock blur

₹9.2 L/yr - ₹24 L/yr

arrow icon 98% more
1 job opening
unlock blur

₹4 L/yr - ₹17 L/yr

arrow icon 39% more
unlock blur

₹4 L/yr - ₹14 L/yr

arrow icon 18% more
View all
Senior Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.3 Lakhs to ₹10.5 Lakhs per year for employees with experience between 1 year to 15 years. Salary estimates are based on 693 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Manager

3d ago
avg blur mobile
1 year exp.
4d ago
avg blur mobile
6 years exp.
4d ago
avg blur mobile
7 years exp.
5d ago
avg blur mobile
7 years exp.
5d ago
avg blur mobile
8 years exp.
1w ago
avg blur mobile
1 year exp.
1w ago
avg blur mobile
6 years exp.
1w ago
avg blur mobile
5 years exp.
1w ago
avg blur mobile
6 years exp.
1w ago
avg blur mobile
3 years exp.

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries

Last Updated: 24 Mar 2025

Experience Avg Annual Salary
1 year  (61 salaries)

unlock blur

₹3.5 L/yr - ₹10.4 L/yr
2 years  (65 salaries)

unlock blur

₹3.5 L/yr - ₹9.3 L/yr
3 years  (75 salaries)

unlock blur

₹3.9 L/yr - ₹10.4 L/yr
4 years  (58 salaries)

unlock blur

₹3.6 L/yr - ₹10.2 L/yr
5 years  (61 salaries)

unlock blur

₹3.3 L/yr - ₹10 L/yr
View all
Kotak Mahindara Life Insurance Senior Manager Salary and Career Growth

From

To

Senior Manager

unlock blur

1 - 15 years exp.

Chief Manager

unlock blur

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.

Similar Designation salaries in Kotak Mahindara Life Insurance

Store Manager Salary
(AmbitionBox Estimate)
unlock blur
₹25.7 L/yr - ₹32.8 L/yr
unlock blur
₹10.31 L/yr - ₹22 L/yr
Deputy Manager Salary
(764 salaries)
unlock blur
₹2 L/yr - ₹5.69 L/yr
Territory Manager Salary
(AmbitionBox Estimate)
unlock blur
₹14.2 L/yr - ₹18.2 L/yr
Sales Manager Salary
(563 salaries)
unlock blur
₹2 L/yr - ₹6.22 L/yr
unlock blur
₹3 L/yr - ₹6.8 L/yr
Branch Manager Salary
(202 salaries)
unlock blur
₹5 L/yr - ₹13 L/yr
Area Manager Salary
(30 salaries)
unlock blur
₹4.7 L/yr - ₹17.5 L/yr
unlock blur
₹3.5 L/yr - ₹7 L/yr
unlock blur
₹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

3.3

Rated by 144 employees for salary & benefits

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.

read more
  • Salary - Poor
  • +6 more

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

read more
  • 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

read more

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."

read more
  • Salary - Bad
  • +2 more

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

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
see more salary related reviews

Discover interview dos and don'ts from real experiences

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 ₹10.5 Lakhs per year, depending on experience (from 1 year to 15 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 ₹11.6 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 ₹52,660 to ₹53,900 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 1 year to 15 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
ICICI Prudential Life Insurance ₹11.0 Lakhs to ₹27.0 Lakhs per year
Axis Max Life Insurance ₹8.0 Lakhs to ₹30.9 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
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
4 years ₹3.6 Lakhs to ₹10.2 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Senior Manager salary in India ranges between ₹3.3 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 693 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.