Kotak Mahindara Life Insurance Mumbai Senior Operations Manager Salaries by 4 Employees

13 - 17 years exp.

₹6 Lakhs - ₹17.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Senior Operations Manager Salary in Insurance Companies for 13 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Operations Manager Salary 15 years exp. (AmbitionBox Estimate)	₹6.2 L/yr - ₹8.7 L/yr
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Customer Success, Service & Operations Senior Operations Manager Salary 17 years exp. (AmbitionBox Estimate)	₹10.5 L/yr - ₹11 L/yr

Last Updated: 12 Mar 2023

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

Kotak Mahindara Life Insurance Senior Operations Manager Salary

13 - 17 years exp. (4 salaries)

₹6 L/yr - ₹17.3 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Operations Manager Salary 7 - 16 years exp. (19 salaries)	₹7 L/yr - ₹10 L/yr 16% less
ICICI Prudential Life Insurance Senior Operations Manager Salary 13 - 20 years exp. (8 salaries)	₹10 L/yr - ₹19.8 L/yr 27% more
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Tata AIA Life Insurance Senior Operations Manager Salary 6 - 17 years exp. (6 salaries)	₹15 L/yr - ₹21.5 L/yr 72% more
HDFC Ergo General Insurance Senior Operations Manager Salary 17 - 20 years exp. (5 salaries)	₹11.4 L/yr - ₹18 L/yr 35% more
Aditya Birla Sun Life Insurance Senior Operations Manager Salary 12 - 15 years exp. (4 salaries)	₹7 L/yr - ₹16.5 L/yr 17% more
Reliance Nippon Life Insurance Senior Operations Manager Salary 14 - 21 years exp. (3 salaries)	₹11 L/yr - ₹19.5 L/yr 39% more
HDFC Life Senior Operations Manager Salary 10 - 17 years exp. (3 salaries)	₹8 L/yr - ₹11.3 L/yr 13% less

Senior Operations Manager salary at Kotak Mahindara Life Insurance ranges between ₹6 Lakhs to ₹17.3 Lakhs per year for employees with experience between 13 years to 17 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Senior Operations Manager salaries in Mumbai

Last Updated: 12 Mar 2023

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
14 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
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15+ years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(434 salaries)

₹2.25 L/yr - ₹5.74 L/yr

Relationship Manager Salary

(26 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Project Manager Salary

(12 salaries)

₹6.5 L/yr - ₹22 L/yr

Operations Manager Salary

(7 salaries)

₹3.09 L/yr - ₹7.2 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

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

Salary - Poor

+5 more

Deputy Manager in Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 16 Jun 2020

2.0

for Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

Skill development - Good

+1 more

Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

Salary - Poor

+1 more

Team Manager in Kolkata

Customer Success, Service & Operations Department

1.0

• posted on 23 May 2019

1.0

for Salary and Benefits

Likes

They are misleading youth.... They dont pay a single penny or salary until and unless candidate got promoted to the next level.. totally worst... Why someone works for them free of cost... Totally worst.....

Dislikes

Nothing is good.... Totally bad. Don't give a salary rather forces candidates to do policies..

Salary - Bad

+6 more

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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 Operations Manager Salary FAQs

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

The average salary of a Senior Operations Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹6.0 Lakhs to ₹17.3 Lakhs per year, depending on experience (from 13 years to 17 years).

The top 10% of Senior Operations Manager in Mumbai at Kotak Mahindara Life Insurance earn more than ₹18.0 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Senior Operations 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 4 Kotak Mahindara Life Insurance employees in India.

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

The estimated take-home salary of a Senior Operations Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹70,578 to ₹72,395 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹17.3 Lakhs per year for employees with experience ranging from 13 years to 17 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 4 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindara Life Insurance for Senior Operations Manager in India?

Tata AIA Life Insurance	₹15.0 Lakhs to ₹21.5 Lakhs per year
Reliance Nippon Life Insurance	₹11.0 Lakhs to ₹19.5 Lakhs per year
HDFC Ergo General Insurance	₹11.4 Lakhs to ₹18.0 Lakhs per year
ICICI Prudential Life Insurance	₹10.0 Lakhs to ₹19.8 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.0 Lakhs to ₹16.5 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 Operations Manager in companies similar to Kotak Mahindara Life Insurance in Mumbai?

The salary of a Senior Operations Manager at companies similar to Kotak Mahindara Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life	₹8.0 Lakhs to ₹11.3 Lakhs per year
ICICI Lombard General Insurance Company	₹7.0 Lakhs to ₹10.0 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 Operations Manager at Kotak Mahindara Life Insurance in Mumbai?

The salary growth for a Senior Operations Manager at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Operations Manager in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
13 years	₹8.8 Lakhs to ₹11.2 Lakhs per year
14 years	₹8.8 Lakhs to ₹11.2 Lakhs per year
15 years	₹8.7 Lakhs to ₹11.2 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Senior Operations Manager Salaries in Mumbai

Kotak Mahindara Life Insurance Senior Operations Manager salary in Mumbai ranges between ₹6 Lakhs to ₹17.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.