Kotak Mahindara Life Insurance Mumbai Senior Manager Salaries by 200+ Employees (Updated 2025)

1 - 14 years exp.

₹4 Lakhs - ₹12.1 Lakhs

Salary of majority employees

64% less than the average Senior Manager Salary in Insurance Companies for 1 - 14 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 1 - 14 years exp. (81 salaries)	₹4 L/yr - ₹12 L/yr
Finance & Accounting Senior Manager Salary 1 - 12 years exp. (33 salaries)	₹6 L/yr - ₹12 L/yr
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Data Science & Analytics Senior Manager Salary 1 - 13 years exp. (25 salaries)	₹5 L/yr - ₹10 L/yr
Customer Success, Service & Operations Senior Manager Salary 1 - 14 years exp. (24 salaries)	₹5.9 L/yr - ₹12.1 L/yr
Project & Program Management Senior Manager Salary 2 - 11 years exp. (22 salaries)	₹6.5 L/yr - ₹12 L/yr

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Last Updated: 8 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Senior Manager in Mumbai

Kotak Mahindara Life Insurance Senior Manager Salary

1 - 14 years exp. (281 salaries)

₹4 L/yr - ₹12.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Manager Salary 2 - 18 years exp. (358 salaries)	₹7.1 L/yr - ₹26 L/yr 95% more
ICICI Prudential Life Insurance Senior Manager Salary 0 - 10 years exp. (281 salaries)	₹10.7 L/yr - ₹27 L/yr 139% more
Login to view exact salary
SBI Life Insurance Company Senior Manager Salary 5 - 13 years exp. (14 salaries)	₹6.7 L/yr - ₹17 L/yr 63% more
Axis Max Life Insurance Senior Manager Salary 4 - 16 years exp. (26 salaries)	₹8.1 L/yr - ₹29.6 L/yr 143% more	1 job opening
Bajaj Allianz Life Insurance Senior Manager Salary 1 - 10 years exp. (17 salaries)	₹9.1 L/yr - ₹20 L/yr 62% more	2 job openings
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (463 salaries)	₹5 L/yr - ₹15 L/yr 27% more	2 job openings
Tata AIA Life Insurance Senior Manager Salary 7 - 19 years exp. (170 salaries)	₹10.8 L/yr - ₹38 L/yr 231% more	10 job openings
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (119 salaries)	₹7 L/yr - ₹24 L/yr 111% more
Reliance Nippon Life Insurance Senior Manager Salary 0 - 17 years exp. (103 salaries)	₹5.1 L/yr - ₹15.2 L/yr 30% more
PNB MetLife Senior Manager Salary 8 - 16 years exp. (35 salaries)	₹6.6 L/yr - ₹23 L/yr 80% more	2 job openings
Aditya Birla Sun Life Insurance Senior Manager Salary 1 - 9 years exp. (32 salaries)	₹6.3 L/yr - ₹18.4 L/yr 51% more
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SBI General Insurance Senior Manager Salary 5 - 16 years exp. (27 salaries)	₹6.5 L/yr - ₹23.4 L/yr 70% more
Kotak Mahindra General Insurance Senior Manager Salary 6 - 16 years exp. (22 salaries)	₹6.7 L/yr - ₹13 L/yr 26% more
Aditya Birla Insurance Brokers Senior Manager Salary 3 - 20 years exp. (19 salaries)	₹9.4 L/yr - ₹16.2 L/yr 58% more
Gallagher Senior Manager Salary 10 - 22 years exp. (6 salaries)	₹8.6 L/yr - ₹20.7 L/yr 120% more
Star Health & Allied Insurance Senior Manager Salary 9 - 12 years exp. (4 salaries)	₹7.3 L/yr - ₹14 L/yr 16% more

Senior Manager salary at Kotak Mahindara Life Insurance ranges between ₹4 Lakhs to ₹12.1 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 281 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries in Mumbai

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (36 salaries)	₹4 L/yr - ₹10.4 L/yr
2 years (42 salaries)	₹4.3 L/yr - ₹9.7 L/yr
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3 years (31 salaries)	₹4 L/yr - ₹10.4 L/yr
4 years (21 salaries)	₹4.5 L/yr - ₹12 L/yr
5 years (8 salaries)	₹5.9 L/yr - ₹8.2 L/yr
6 years (9 salaries)	₹4.3 L/yr - ₹11 L/yr
7 years (18 salaries)	₹4 L/yr - ₹10 L/yr
8 years (21 salaries)	₹4.1 L/yr - ₹11 L/yr
9 years (25 salaries)	₹4.6 L/yr - ₹10.5 L/yr
10 years (29 salaries)	₹4 L/yr - ₹12.1 L/yr
11 years (18 salaries)	₹5.7 L/yr - ₹12 L/yr
12 years (9 salaries)	₹6.1 L/yr - ₹10.4 L/yr
13 years (6 salaries)	₹7.5 L/yr - ₹10 L/yr
14 years (8 salaries)	₹7.5 L/yr - ₹10.3 L/yr

View all

From

Senior Manager

1 - 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

Deputy Manager Salary

(441 salaries)

₹2.25 L/yr - ₹6.25 L/yr

Sales Manager Salary

(76 salaries)

₹2.6 L/yr - ₹6.22 L/yr

Branch Manager Salary

(19 salaries)

₹6 L/yr - ₹11 L/yr

Senior Sales Manager Salary

(10 salaries)

₹3 L/yr - ₹6.3 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

2.2

Rated by 36 employees for salary & benefits

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

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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindara Life Insurance Senior Manager Salary FAQs

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

Senior Manager salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹4.0 Lakhs to ₹12.1 Lakhs for experience between 1 years to 14 years. According to our estimates it is 64% less than the average Senior Manager Salary in India. Salary estimates are based on 281 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.

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

The average salary of a Senior Manager at Kotak Mahindara Life Insurance is 64% less than the average salary of a Senior Manager in Mumbai. 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 Mumbai.

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

Tata AIA Life Insurance Senior Manager Salary - ₹10.8 Lakhs to ₹38.0 Lakhs per year
Axis Max Life Insurance Senior Manager Salary - ₹8.1 Lakhs to ₹29.6 Lakhs per year
ICICI Prudential Life Insurance Senior Manager Salary - ₹10.7 Lakhs to ₹27.0 Lakhs per year
Gallagher Senior Manager Salary - ₹8.6 Lakhs to ₹20.7 Lakhs per year
HDFC Ergo General Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹24.0 Lakhs per year

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

HDFC Life Senior Manager Salary - ₹7.1 Lakhs to ₹26.0 Lakhs per year
PNB MetLife Senior Manager Salary - ₹6.6 Lakhs to ₹23.0 Lakhs per year
SBI General Insurance Senior Manager Salary - ₹6.5 Lakhs to ₹23.4 Lakhs per year
SBI Life Insurance Company Senior Manager Salary - ₹6.7 Lakhs to ₹17.0 Lakhs per year
Bajaj Allianz Life Insurance Senior Manager Salary - ₹9.1 Lakhs to ₹20.0 Lakhs per year

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

The estimated take-home salary of a Senior Manager at Kotak Mahindara Life Insurance ranges between ₹57,199 per month to ₹58,637 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Senior Manager salary in India which ranges between ₹4.0 Lakhs to ₹12.1 Lakhs per year for employees with experience between 1 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 72% of the Kotak Mahindara Life Insurance Senior Managers in Mumbai reported a notice period of 3 Months, 13% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 185 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Senior Manager Salaries in Mumbai

Kotak Mahindara Life Insurance Senior Manager salary in Mumbai ranges between ₹4 Lakhs to ₹12.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 281 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

Companies similar to Kotak Mahindara Life Insurance for Senior Manager in Mumbai

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Manager in Mumbai

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries in Mumbai

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 Mumbai

Senior Manager in Jorhat

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Deputy Manager in Mumbai

Relationship Manager in Kolkata

Kotak Mahindara Life Insurance Senior Manager Salary FAQs

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