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3.7

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Senior Underwriting Manager salaries in Mumbai

Annual salary range
3 - 16 years exp.
₹8 Lakhs - ₹8.4 Lakhs
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 in Mumbai

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Kotak Mahindara Life Insurance Senior Underwriting Manager Salary

3 - 16 years exp. (4 salaries)

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₹8 L/yr - ₹8.4 L/yr

vs
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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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₹16.5 L/yr - ₹32 L/yr

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₹10.8 L/yr - ₹13.8 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 in Mumbai

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

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

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
12 years (AmbitionBox Estimate)

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₹7.3 L/yr - ₹9.3 L/yr
15+ years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(441 salaries)
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₹2 L/yr - ₹5.69 L/yr
Chief Manager Salary
(248 salaries)
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₹5.5 L/yr - ₹19 L/yr
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₹3 L/yr - ₹8 L/yr
Team Lead Salary
(8 salaries)
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₹2.15 L/yr - ₹6 L/yr
Underwriter Salary
(3 salaries)
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₹4.5 L/yr - ₹5.65 L/yr
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₹5.1 L/yr - ₹8.4 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 Mumbai?
Senior Underwriting Manager salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹8.0 Lakhs to ₹8.4 Lakhs for experience between 3 years to 16 years. According to our estimates it is 44% less than the average Senior Underwriting Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.
How does the salary of a Senior Underwriting Manager at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Senior Underwriting Manager at Kotak Mahindara Life Insurance is 44% less than the average salary of a Senior Underwriting Manager in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Senior Underwriting Manager in Mumbai?
  • R/GA Media Group Senior Underwriting Manager Salary - ₹16.5 Lakhs to ₹32.0 Lakhs per year
  • ICICI Prudential Life Insurance Senior Underwriting Manager Salary - ₹14.7 Lakhs to ₹19.1 Lakhs per year
  • HDFC Life Senior Underwriting Manager Salary - ₹10.0 Lakhs to ₹21.0 Lakhs per year
  • RFL Insurance Broking Senior Underwriting Manager Salary - ₹10.8 Lakhs to ₹13.8 Lakhs per year
What is the estimated take home salary of a Senior Underwriting Manager at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Senior Underwriting Manager at Kotak Mahindara Life Insurance ranges between ₹60,336 per month to ₹61,862 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Senior Underwriting Manager salary in India which ranges between ₹8.0 Lakhs to ₹8.4 Lakhs per year for employees with experience between 3 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Senior Underwriting Manager at Kotak Mahindara Life Insurance in Mumbai?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Senior Underwriting Managers in Mumbai reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Senior Underwriting Manager salary in Mumbai 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.