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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

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based on 2.9k Reviews

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Kotak Mahindara Life Insurance Senior Manager salaries in Hyderabad / Secunderabad (Updated 2025)

Annual salary range
1 - 13 years exp.
₹3.9 Lakhs - ₹8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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72% less than the average Senior Manager Salary in Insurance Companies for 1 - 13 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading
Senior Manager Salary
3 - 12 years exp. (7 salaries)
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₹4.5 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Senior Manager Salary
5 - 12 years exp. (4 salaries)
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₹4.8 L/yr - ₹7 L/yr

Sales & Business Development
Senior Manager Salary
1 - 8 years exp. (4 salaries)
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₹3.9 L/yr - ₹6.3 L/yr

Finance & Accounting
Senior Manager Salary
5 years exp. (AmbitionBox Estimate)
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₹6 L/yr - ₹7.3 L/yr

Human Resources
Senior Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹5.8 L/yr - ₹6.8 L/yr

Last Updated: 20 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Senior Manager in Hyderabad / Secunderabad

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Kotak Mahindara Life Insurance Senior Manager Salary

1 - 13 years exp. (20 salaries)
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₹3.9 L/yr - ₹8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Lombard General Insurance Company Senior Manager Salary

0 - 18 years exp. (153 salaries)
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₹5 L/yr - ₹15 L/yr

arrow icon 52% more
 4 job openings
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Shriram Life Insurance Senior Manager Salary

3 - 18 years exp. (18 salaries)
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₹7 L/yr - ₹15 L/yr

arrow icon 64% more
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HDFC Life Senior Manager Salary

3 - 18 years exp. (18 salaries)
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₹6.8 L/yr - ₹22 L/yr

arrow icon 113% more
 4 job openings
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ICICI Prudential Life Insurance Senior Manager Salary

2 - 6 years exp. (16 salaries)
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₹7.3 L/yr - ₹25 L/yr

arrow icon 191% more
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Axis Max Life Insurance Senior Manager Salary

8 - 17 years exp. (8 salaries)
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₹7.6 L/yr - ₹31.5 L/yr

arrow icon 189% more
 2 job openings
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Tata AIA Life Insurance Senior Manager Salary

13 - 20 years exp. (4 salaries)
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₹14 L/yr - ₹30 L/yr

arrow icon 259% more
 3 job openings
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Reliance Nippon Life Insurance Senior Manager Salary

1 - 17 years exp. (3 salaries)
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₹6.2 L/yr - ₹11 L/yr

arrow icon 29% more
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Aditya Birla Sun Life Insurance Senior Manager Salary

3 - 9 years exp. (3 salaries)
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₹5 L/yr - ₹9.4 L/yr

arrow icon 28% more
Senior Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.9 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 20 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Manager in Hyderabad / Secunderabad

2w ago
₹4.8 Lakhs
6 years exp.
3w ago
₹4.5 Lakhs
5 years exp.
3w ago
₹5 Lakhs
6 years exp.
1mo ago
₹6 Lakhs
5 years exp.
2mo ago
₹5 Lakhs
5 years exp.
3mo ago
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9 years exp.
5mo ago
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12 years exp.
7mo ago
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8 years exp.
8mo ago
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7 years exp.
9mo ago
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5 years exp.

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries in Hyderabad / Secunderabad

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.6 L/yr
2 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.7 L/yr
3 years (AmbitionBox Estimate)

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₹5.3 L/yr - ₹6.8 L/yr
4 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
5 years  (5 salaries)

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₹4.5 L/yr - ₹10.9 L/yr
View all
Kotak Mahindara Life Insurance Senior Manager Salary and Career Growth

From

To

Senior Manager

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0 - 14 years exp.

Chief Manager

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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

Sales Manager Salary
(60 salaries)
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₹2.8 L/yr - ₹5.4 L/yr
Branch Manager Salary
(4 salaries)
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₹8.25 L/yr - ₹13 L/yr
Senior Sales Manager Salary
(3 salaries)
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₹3.8 L/yr - ₹4.29 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

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Rated by 1 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.

read more
  • 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

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

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."

read more
  • 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

read more
  • 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..

read more

Dislikes

I like nothing about them.. I m with my word..

  • Salary - Bad
    • +6 more
see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
Verified Icon
·
works at
Georgia-Pacific
New offer. Confused.
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 in Hyderabad / Secunderabad?
The average salary of a Senior Manager at Kotak Mahindara Life Insurance in Hyderabad / Secunderabad typically ranges from ₹3.9 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Senior Manager in Hyderabad / Secunderabad at Kotak Mahindara Life Insurance earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹8.0 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 20+ Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Senior Manager at Kotak Mahindara Life Insurance in Hyderabad / Secunderabad?
The estimated take-home salary of a Senior Manager at Kotak Mahindara Life Insurance in Hyderabad / Secunderabad typically ranges from ₹47,579 to ₹48,706 per month. This is based on the average salary range of ₹3.9 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 1 year to 13 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 20+ 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 in Hyderabad / Secunderabad?
To be a Senior Manager at Kotak Mahindara Life Insurance in Hyderabad / Secunderabad, 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?
Tata AIA Life Insurance ₹14.0 Lakhs to ₹30.0 Lakhs per year
ICICI Prudential Life Insurance ₹7.3 Lakhs to ₹25.0 Lakhs per year
Axis Max Life Insurance ₹7.6 Lakhs to ₹31.5 Lakhs per year
HDFC Life ₹6.8 Lakhs to ₹22.0 Lakhs per year
Shriram Life Insurance ₹7.0 Lakhs to ₹15.0 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 Hyderabad / Secunderabad?
The salary of a Senior Manager at companies similar to Kotak Mahindara Life Insurance in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company ₹5.0 Lakhs to ₹15.0 Lakhs per year
Reliance Nippon Life Insurance ₹6.2 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹5.0 Lakhs to ₹9.4 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 Hyderabad / Secunderabad?
The salary growth for a Senior Manager at Kotak Mahindara Life Insurance in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Senior Manager in Hyderabad / Secunderabad can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
1 year ₹5.2 Lakhs to ₹6.6 Lakhs per year
2 years ₹5.2 Lakhs to ₹6.7 Lakhs per year
3 years ₹5.3 Lakhs to ₹6.8 Lakhs per year
4 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Senior Manager salary in Hyderabad / Secunderabad ranges between ₹3.9 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 20 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.