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Kotak Mahindara Life Insurance Senior Underwriting Manager salaries in India

Annual salary range
3 - 16 years exp.
₹8 Lakhs - ₹8.4 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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44% less than the average Senior Underwriting Manager Salary in Insurance Companies for 3 - 16 years of experience

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Last Updated: 17 Jan 2024

Companies similar to Kotak Mahindara Life Insurance for Senior Underwriting Manager

Company name Avg Annual Salary Open Jobs
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₹6 L/yr - ₹11.1 L/yr

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Gallagher Senior Underwriting Manager Salary

10 - 12 years exp. (5 salaries)

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₹18 L/yr - ₹22 L/yr

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₹14.7 L/yr - ₹19.1 L/yr

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HDFC Life Senior Underwriting Manager Salary

11 - 20 years exp. (3 salaries)

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₹10 L/yr - ₹21 L/yr

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₹13.5 L/yr - ₹18 L/yr

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Senior Underwriting Manager salary at Kotak Mahindara Life Insurance ranges between ₹8 Lakhs to ₹8.4 Lakhs per year for employees with experience between 3 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Underwriting Manager

1y ago
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16 years exp.
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3 years exp.
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4 years exp.
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12 years exp.

Experience wise Kotak Mahindara Life Insurance Senior Underwriting Manager salaries

Last Updated: 17 Jan 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.6 L/yr
4 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.6 L/yr
5 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.6 L/yr
6 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.5 L/yr
7 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.5 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹5.05 L/yr - ₹8.4 L/yr
Senior Underwriter Salary
(AmbitionBox Estimate)
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₹4.4 L/yr - ₹5.6 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
Underwriter Salary
(6 salaries)
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₹5.1 L/yr - ₹9.05 L/yr
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₹2.8 L/yr - ₹3.51 L/yr
Deputy Manager Salary
(762 salaries)
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₹2 L/yr - ₹5.74 L/yr
Chief Manager Salary
(482 salaries)
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₹5.15 L/yr - ₹18.5 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹4.9 L/yr - ₹6.2 L/yr
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₹2.7 L/yr - ₹6.33 L/yr
Team Lead Salary
(34 salaries)
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₹1.2 L/yr - ₹6.95 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more
  • Job security - Excellent
  • +2 more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

read more
  • Salary - Poor
  • +1 more

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

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 04 Apr 2024

3.0
 for  Salary and Benefits

Likes

Work life balance is okay. Good place to work in. Maximum professionally qualified employees.

  • Job security - Good
  • +1 more

Dislikes

No Employee benefits. Salary lower than industry standards. No comp off. Politics (common in every organisation) No work from home.

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 27 Jul 2023

5.0
 for  Salary and Benefits

Likes

HR support is very good.. Salary amd Incentive payout

  • Salary - Excellent
  • +2 more

Dislikes

Kotak is big brand to work but few of the Senior Managers made the work culture worst just for their benefits... They doesn't have feelings about the pain of employees.

read more
  • Work satisfaction - Bad
  • +1 more

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

read more
  • Salary - Poor
  • +5 more
see more salary related reviews

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Kotak Mahindara Life Insurance Senior Underwriting Manager Salary FAQs

What is the salary of Senior Underwriting Manager at Kotak Mahindara Life Insurance ?
The average salary of a Senior Underwriting Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹8.0 Lakhs to ₹8.4 Lakhs per year, depending on experience (from 3 years to 16 years).

The top 10% of Senior Underwriting Manager at Kotak Mahindara Life Insurance earn more than ₹8.4 Lakhs per year, and the top 1% earn over ₹8.4 Lakhs per year. Senior Underwriting 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 Underwriting Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Senior Underwriting Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹60,251 to ₹61,775 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹8.4 Lakhs per year for employees with experience ranging from 3 years to 16 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 Underwriting Manager in India?
Gallagher ₹18.0 Lakhs to ₹22.0 Lakhs per year
ICICI Prudential Life Insurance ₹14.7 Lakhs to ₹19.1 Lakhs per year
HDFC Life ₹10.0 Lakhs to ₹21.0 Lakhs per year
SBI General Insurance ₹13.5 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company ₹6.0 Lakhs to ₹11.1 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.
How the salary growth look like for a Senior Underwriting Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Senior Underwriting Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Underwriting Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
3 years ₹7.5 Lakhs to ₹9.6 Lakhs per year
4 years ₹7.5 Lakhs to ₹9.6 Lakhs per year
5 years ₹7.5 Lakhs to ₹9.6 Lakhs per year
6 years ₹7.5 Lakhs to ₹9.5 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Senior Underwriting Manager salary in India ranges between ₹8 Lakhs to ₹8.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.