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

0 - 15 years exp.

₹4 Lakhs - ₹12.1 Lakhs

Salary of majority employees

66% less than the average Senior Manager Salary in Insurance Companies for 0 - 15 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 1 - 15 years exp. (82 salaries)	₹4 L/yr - ₹12 L/yr
Finance & Accounting Senior Manager Salary 1 - 15 years exp. (35 salaries)	₹6 L/yr - ₹12 L/yr
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Data Science & Analytics Senior Manager Salary 1 - 13 years exp. (27 salaries)	₹5 L/yr - ₹9.5 L/yr
Customer Success, Service & Operations Senior Manager Salary 1 - 14 years exp. (26 salaries)	₹5.9 L/yr - ₹12.1 L/yr
Project & Program Management Senior Manager Salary 2 - 11 years exp. (23 salaries)	₹6.5 L/yr - ₹12 L/yr

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Last Updated: 15 Jan 2025

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

Kotak Mahindara Life Insurance Senior Manager Salary

0 - 15 years exp. (291 salaries)

₹4 L/yr - ₹12.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Manager Salary 2 - 18 years exp. (337 salaries)	₹7 L/yr - ₹26 L/yr 106% more	2 job openings
ICICI Prudential Life Insurance Senior Manager Salary 0 - 16 years exp. (328 salaries)	₹9.9 L/yr - ₹28.9 L/yr 154% more
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SBI Life Insurance Company Senior Manager Salary 5 - 14 years exp. (14 salaries)	₹4.6 L/yr - ₹17 L/yr 56% more
Max Life Insurance Senior Manager Salary 4 - 16 years exp. (24 salaries)	₹7.3 L/yr - ₹27 L/yr 122% more	1 job opening
Bajaj Allianz Life Insurance Senior Manager Salary 2 - 18 years exp. (31 salaries)	₹9.2 L/yr - ₹22.5 L/yr 102% more	1 job opening
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 18 years exp. (451 salaries)	₹4.5 L/yr - ₹15 L/yr 33% more	1 job opening
Tata AIA Life Insurance Senior Manager Salary 8 - 19 years exp. (161 salaries)	₹10.8 L/yr - ₹38 L/yr 248% more	12 job openings
Reliance Nippon Life Insurance Senior Manager Salary 0 - 18 years exp. (105 salaries)	₹5.2 L/yr - ₹18 L/yr 49% more
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (99 salaries)	₹7 L/yr - ₹25 L/yr 103% more
PNB MetLife Senior Manager Salary 7 - 16 years exp. (37 salaries)	₹6.6 L/yr - ₹23 L/yr 121% more	1 job opening
Aditya Birla Sun Life Insurance Senior Manager Salary 0 - 9 years exp. (34 salaries)	₹5.7 L/yr - ₹18 L/yr 58% more
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SBI General Insurance Senior Manager Salary 5 - 16 years exp. (30 salaries)	₹6.5 L/yr - ₹22 L/yr 71% more
Kotak Mahindra General Insurance Senior Manager Salary 6 - 16 years exp. (22 salaries)	₹6.7 L/yr - ₹13 L/yr 34% more
Aditya Birla Insurance Brokers Senior Manager Salary 3 - 20 years exp. (19 salaries)	₹9.4 L/yr - ₹16.2 L/yr 68% more
Gallagher Senior Manager Salary 10 - 22 years exp. (6 salaries)	₹8.6 L/yr - ₹20.7 L/yr 136% more
Star Health & Allied Insurance Senior Manager Salary 9 - 12 years exp. (4 salaries)	₹7.3 L/yr - ₹14 L/yr 27% more
Care Health Insurance Senior Manager Salary 8 - 13 years exp. (3 salaries)	₹4.9 L/yr - ₹6.5 L/yr 26% less

Senior Manager salary at Kotak Mahindara Life Insurance ranges between ₹4 Lakhs to ₹12.1 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 291 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries in Mumbai

Last Updated: 15 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹8 L/yr
1 year (33 salaries)	₹4 L/yr - ₹10.3 L/yr
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2 years (44 salaries)	₹4.3 L/yr - ₹9.7 L/yr
3 years (29 salaries)	₹4 L/yr - ₹10.4 L/yr
4 years (21 salaries)	₹4.5 L/yr - ₹12 L/yr
5 years (13 salaries)	₹5.9 L/yr - ₹11.6 L/yr
6 years (12 salaries)	₹4.3 L/yr - ₹11 L/yr
7 years (18 salaries)	₹4 L/yr - ₹10 L/yr
8 years (23 salaries)	₹4.1 L/yr - ₹12 L/yr
9 years (25 salaries)	₹4.6 L/yr - ₹10.5 L/yr
10 years (27 salaries)	₹4 L/yr - ₹12.1 L/yr
11 years (18 salaries)	₹5.7 L/yr - ₹12 L/yr
12 years (8 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
15+ years (5 salaries)	₹7 L/yr - ₹10.8 L/yr

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Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(407 salaries)

₹2 L/yr - ₹5.69 L/yr

Sales Manager Salary

(69 salaries)

₹2.6 L/yr - ₹5.5 L/yr

Branch Manager Salary

(18 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

2.3

Rated by 32 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

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.

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.

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."

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

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..

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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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 less than 1 year of experience to 15 years. According to our estimates it is 66% less than the average Senior Manager Salary in India. Salary estimates are based on 291 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 66% 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
ICICI Prudential Life Insurance Senior Manager Salary - ₹9.9 Lakhs to ₹28.9 Lakhs per year
Gallagher Senior Manager Salary - ₹8.6 Lakhs to ₹20.7 Lakhs per year
Max Life Insurance Senior Manager Salary - ₹7.3 Lakhs to ₹27.0 Lakhs per year
PNB MetLife Senior Manager Salary - ₹6.6 Lakhs to ₹23.0 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 - ₹7.0 Lakhs to ₹26.0 Lakhs per year
HDFC Ergo General Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹25.0 Lakhs per year
Bajaj Allianz Life Insurance Senior Manager Salary - ₹9.2 Lakhs to ₹22.5 Lakhs per year
SBI General Insurance Senior Manager Salary - ₹6.5 Lakhs to ₹22.0 Lakhs per year
Aditya Birla Insurance Brokers Senior Manager Salary - ₹9.4 Lakhs to ₹16.2 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 ₹54,109 per month to ₹55,459 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 less than 1 year of experience to 15 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, 69% of the Kotak Mahindara Life Insurance Senior Managers in Mumbai reported a notice period of 3 Months, 15% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 176 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 291 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Senior Manager salaries in Mumbai

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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Kotak Mahindara Life Insurance Senior Manager Salary FAQs

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