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

0 - 14 years exp.

₹3.3 Lakhs - ₹12.1 Lakhs

Salary of majority employees

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

Interested in this particular role? 3 job openings

Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 0 - 14 years exp. (180 salaries)	₹3.8 L/yr - ₹9.7 L/yr
Sales & Business Development Senior Manager Salary 0 - 14 years exp. (125 salaries)	₹3.4 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 - ₹12.1 L/yr
Finance & Accounting Senior Manager Salary 1 - 12 years exp. (51 salaries)	₹3.8 L/yr - ₹12 L/yr
Marketing & Communication Senior Manager Salary 1 - 11 years exp. (48 salaries)	₹3.9 L/yr - ₹10 L/yr

View all

Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Senior Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Manager Salary 2 - 18 years exp. (576 salaries)	₹9 L/yr - ₹25 L/yr 108% more
ICICI Prudential Life Insurance Senior Manager Salary 0 - 9 years exp. (451 salaries)	₹11 L/yr - ₹27 L/yr 168% more
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SBI Life Insurance Company Senior Manager Salary 5 - 14 years exp. (56 salaries)	₹4 L/yr - ₹17.4 L/yr 48% more
Max Life Insurance Senior Manager Salary 3 - 17 years exp. (336 salaries)	₹7.5 L/yr - ₹30.9 L/yr 159% more	1 job opening
Bajaj Allianz Life Insurance Senior Manager Salary 1 - 10 years exp. (120 salaries)	₹6.2 L/yr - ₹13.7 L/yr 48% more	2 job openings
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 20 years exp. (1.6k salaries)	₹4.9 L/yr - ₹13.9 L/yr 44% more	4 job openings
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (321 salaries)	₹7 L/yr - ₹24 L/yr 122% more
Tata AIA Life Insurance Senior Manager Salary 8 - 19 years exp. (224 salaries)	₹10.8 L/yr - ₹40 L/yr 248% more	11 job openings
Reliance Nippon Life Insurance Senior Manager Salary 0 - 17 years exp. (197 salaries)	₹8.1 L/yr - ₹13.7 L/yr 25% more
PNB MetLife Senior Manager Salary 6 - 16 years exp. (100 salaries)	₹4.3 L/yr - ₹18 L/yr 57% more	2 job openings

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Senior Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.3 Lakhs to ₹12.1 Lakhs per year for employees with less than 1 year of experience to 14 years. Salary estimates are based on 679 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹4 L/yr - ₹8 L/yr
1 year (60 salaries)	₹3.5 L/yr - ₹10 L/yr
Login to view exact salary
2 years (66 salaries)	₹3.5 L/yr - ₹9.7 L/yr
3 years (77 salaries)	₹3.9 L/yr - ₹11 L/yr
4 years (58 salaries)	₹3.6 L/yr - ₹10 L/yr
5 years (60 salaries)	₹3.3 L/yr - ₹8.2 L/yr
6 years (54 salaries)	₹4.2 L/yr - ₹11 L/yr
7 years (57 salaries)	₹3.5 L/yr - ₹11 L/yr
8 years (57 salaries)	₹3.8 L/yr - ₹11 L/yr
9 years (55 salaries)	₹4.3 L/yr - ₹10.5 L/yr
10 years (54 salaries)	₹4 L/yr - ₹12.1 L/yr
11 years (29 salaries)	₹4.2 L/yr - ₹12 L/yr
12 years (20 salaries)	₹4.5 L/yr - ₹10.4 L/yr
13 years (13 salaries)	₹3.4 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

₹

Lakhs/yr

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)

₹25.7 L/yr - ₹32.8 L/yr

Regional Manager Salary

(12 salaries)

₹10.31 L/yr - ₹22 L/yr

Deputy Manager Salary

(858 salaries)

₹2.25 L/yr - ₹5.69 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹14.2 L/yr - ₹18.2 L/yr

Sales Manager Salary

(542 salaries)

₹2.4 L/yr - ₹5.7 L/yr

Senior Sales Manager Salary

(60 salaries)

₹3 L/yr - ₹6.77 L/yr

Branch Manager Salary

(200 salaries)

₹4.5 L/yr - ₹13.5 L/yr

Area Manager Salary

(26 salaries)

₹5.7 L/yr - ₹17.9 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

3.3

Rated by 141 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

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindara Life Insurance Senior Manager Salary FAQs

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

Senior Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹3.3 Lakhs to ₹12.1 Lakhs for less than 1 year of experience to 14 years. According to our estimates it is 69% less than the average Senior Manager Salary in India. Salary estimates are based on 679 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Senior Manager at Kotak Mahindara Life Insurance is 69% less than the average salary of a Senior Manager in India. To know exact salary insights, login to view.

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

Life Insurance, Operations, Policy Servicing, Agency Sales and banca sales are some of the popular skills required to work as a Senior Manager at Kotak Mahindara Life Insurance India.

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

AIG Senior Manager Salary - ₹18.5 Lakhs to ₹35.1 Lakhs per year
Empower Senior Manager Salary - ₹22.0 Lakhs to ₹38.0 Lakhs per year
Swiss Re Senior Manager Salary - ₹10.3 Lakhs to ₹45.0 Lakhs per year
Allianz Senior Manager Salary - ₹24.0 Lakhs to ₹30.0 Lakhs per year
XL Catlin Senior Manager Salary - ₹24.0 Lakhs to ₹26.0 Lakhs per year

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

Maruti Suzuki Insurance Broking Senior Manager Salary - ₹18.0 Lakhs to ₹33.0 Lakhs per year
AXA Senior Manager Salary - ₹20.0 Lakhs to ₹26.5 Lakhs per year
Tata AIA Life Insurance Senior Manager Salary - ₹10.8 Lakhs to ₹40.0 Lakhs per year
ICICI Prudential Life Insurance Senior Manager Salary - ₹11.0 Lakhs to ₹27.0 Lakhs per year
Max Life Insurance Senior Manager Salary - ₹7.5 Lakhs to ₹30.9 Lakhs per year

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 ranges between ₹51,444 per month to ₹52,657 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Senior Manager salary in India which ranges between ₹3.3 Lakhs to ₹12.1 Lakhs per year for employees with less than 1 year of experience to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 33% of the Kotak Mahindara Life Insurance Senior Managers reported a notice period of 3 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 541 responses on AmbitionBox in last 2 years.

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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 ₹12.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 679 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

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Kotak Mahindara Life Insurance Senior Manager Salaries by Location