Kotak Mahindara Life Insurance Senior Manager Salaries by 100+ Employees (Updated 2024)

1 - 14 years exp.

₹3.5 Lakhs - ₹9.7 Lakhs

Salary of majority employees

67% less than the average Senior Manager Salary in Insurance Companies for 1 - 14 years of experience

Interested in this particular role? 1 job opening

Last Updated: 14 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Senior Manager in Sales & Business Development department

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Manager Salary 2 - 18 years exp. (48 salaries)	₹5.2 L/yr - ₹20.1 L/yr 110% more	3 job openings
ICICI Prudential Life Insurance Senior Manager Salary 1 - 12 years exp. (64 salaries)	₹6.3 L/yr - ₹23 L/yr 160% more
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SBI Life Insurance Company Senior Manager Salary 5 - 14 years exp. (9 salaries)	₹3.1 L/yr - ₹7.5 L/yr 18% more
Max Life Insurance Senior Manager Salary 4 - 17 years exp. (30 salaries)	₹5.8 L/yr - ₹21 L/yr 101% more	2 job openings
Bajaj Allianz Life Insurance Senior Manager Salary 3 - 18 years exp. (15 salaries)	₹8.2 L/yr - ₹20.9 L/yr 106% more	2 job openings
ICICI Lombard General Insurance Company Senior Manager Salary 1 - 19 years exp. (393 salaries)	₹4.5 L/yr - ₹13.5 L/yr 62% more	1 job opening
HDFC Ergo General Insurance Senior Manager Salary 6 - 19 years exp. (48 salaries)	₹8.6 L/yr - ₹24.2 L/yr 134% more
Reliance Nippon Life Insurance Senior Manager Salary 2 - 17 years exp. (30 salaries)	₹2.5 L/yr - ₹12.8 L/yr 20% more
PNB MetLife Senior Manager Salary 8 - 16 years exp. (20 salaries)	₹4 L/yr - ₹14.5 L/yr 33% more
Aditya Birla Sun Life Insurance Senior Manager Salary 0 - 9 years exp. (17 salaries)	₹4.8 L/yr - ₹17 L/yr 61% more
Tata AIA Life Insurance Senior Manager Salary 8 - 17 years exp. (14 salaries)	₹11.5 L/yr - ₹35.1 L/yr 274% more	12 job openings
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Kotak Mahindra General Insurance Senior Manager Salary 7 - 15 years exp. (9 salaries)	₹6.9 L/yr - ₹13 L/yr 75% more
Shriram Life Insurance Senior Manager Salary 7 - 11 years exp. (5 salaries)	₹7 L/yr - ₹12 L/yr 76% more
Star Health & Allied Insurance Senior Manager Salary 6 - 15 years exp. (5 salaries)	₹4.5 L/yr - ₹14.7 L/yr 46% more

Senior Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.5 Lakhs to ₹9.7 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 124 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries in Sales & Business Development department

Last Updated: 14 Dec 2024

Experience	Avg Annual Salary
1 year (6 salaries)	₹3.9 L/yr - ₹5.7 L/yr
2 years (9 salaries)	₹3.5 L/yr - ₹8 L/yr
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3 years (11 salaries)	₹4.3 L/yr - ₹8 L/yr
4 years (8 salaries)	₹3.8 L/yr - ₹6.4 L/yr
5 years (8 salaries)	₹3.9 L/yr - ₹10.6 L/yr
6 years (13 salaries)	₹4.3 L/yr - ₹7.5 L/yr
7 years (13 salaries)	₹3.5 L/yr - ₹8 L/yr
8 years (12 salaries)	₹4.5 L/yr - ₹8.4 L/yr
9 years (17 salaries)	₹4.3 L/yr - ₹8.3 L/yr
10 years (12 salaries)	₹4.3 L/yr - ₹9.1 L/yr
11 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.4 L/yr
12 years (5 salaries)	₹4.5 L/yr - ₹8.7 L/yr
13 years (3 salaries)	₹4.2 L/yr - ₹11.7 L/yr
14 years (5 salaries)	₹4.9 L/yr - ₹9.7 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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Regional Manager Salary

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Deputy Manager Salary

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Branch Manager Salary

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Area Manager Salary

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₹5.18 L/yr - ₹19.2 L/yr

Marketing Manager Salary

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₹3.5 L/yr - ₹7 L/yr

Business Manager Salary

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₹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

2.7

Rated by 29 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.

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

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."

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..

Deputy Manager in Thane

Alternate Sales Department

2.0

• posted on 13 Apr 2022

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank branches alloted were doing good business

Dislikes

1st salary badly delayed, but was personally sorted by HR. No support even in case of family emergency and hence had to resign having no choice

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 Sales & Business Development department?

Senior Manager salary at Kotak Mahindara Life Insurance in Sales & Business Development department in India ranges between ₹3.5 Lakhs to ₹9.7 Lakhs for experience between 1 years to 14 years. According to our estimates it is 67% less than the average Senior Manager Salary in India. Salary estimates are based on 124 latest salaries received from various employees of Kotak Mahindara Life Insurance India in Sales & Business Development department.

How does the salary of a Senior Manager at Kotak Mahindara Life Insurance India in Sales & Business Development department compare with the average salary range for this job?

The average salary of a Senior Manager at Kotak Mahindara Life Insurance in Sales & Business Development department is 67% 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 Sales & Business Development department in India?

Tata AIA Life Insurance Senior Manager Salary - ₹11.5 Lakhs to ₹35.1 Lakhs per year
ICICI Prudential Life Insurance Senior Manager Salary - ₹6.3 Lakhs to ₹23.0 Lakhs per year
HDFC Ergo General Insurance Senior Manager Salary - ₹8.6 Lakhs to ₹24.2 Lakhs per year
HDFC Life Senior Manager Salary - ₹5.2 Lakhs to ₹20.1 Lakhs per year
Bajaj Allianz Life Insurance Senior Manager Salary - ₹8.2 Lakhs to ₹20.9 Lakhs per year

What is the salary of a Senior Manager in Sales & Business Development department in companies similar to Kotak Mahindara Life Insurance in India?

Max Life Insurance Senior Manager Salary - ₹5.8 Lakhs to ₹21.0 Lakhs per year
Shriram Life Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹12.0 Lakhs per year
Kotak Mahindra General Insurance Senior Manager Salary - ₹6.9 Lakhs to ₹13.0 Lakhs per year
ICICI Lombard General Insurance Company Senior Manager Salary - ₹4.5 Lakhs to ₹13.5 Lakhs per year
Aditya Birla Sun Life Insurance Senior Manager Salary - ₹4.8 Lakhs to ₹17.0 Lakhs per year

What is the estimated take home salary of a Senior Manager in Sales & Business Development department at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Senior Manager in Sales & Business Development department at Kotak Mahindara Life Insurance ranges between ₹46,075 per month to ₹47,168 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 ₹3.5 Lakhs to ₹9.7 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 in Sales & Business Development department at Kotak Mahindara Life Insurance?

According to AmbitionBox, 57% of the Kotak Mahindara Life Insurance Senior Managers in Sales & Business Development department reported a notice period of 1 Month, 20% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 130 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Senior Manager Salaries in Sales & Business Development

Kotak Mahindara Life Insurance Senior Manager salary in Sales & Business Development department in India ranges between ₹3.5 Lakhs to ₹9.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 124 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Senior Manager salaries in Sales & Business Development in India

Companies similar to Kotak Mahindara Life Insurance for Senior Manager in Sales & Business Development department

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Manager in Sales & Business Development department

Experience wise Kotak Mahindara Life Insurance Senior Manager salaries in Sales & Business Development department

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

Relationship Manager in Kolkata

Deputy Manager in Thane

Kotak Mahindara Life Insurance Senior Manager Salary FAQs

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Kotak Mahindara Life Insurance Senior Manager Salaries by Location