Kotak Mahindara Life Insurance Team Manager Salaries by 10+ Employees (Updated 2025)

0 - 9 years exp.

₹1.2 Lakh - ₹8.7 Lakhs

Salary of majority employees

66% less than the average Team Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

Sales & Business Development Team Manager Salary 1 - 9 years exp. (3 salaries)	₹2 L/yr - ₹8.7 L/yr
BFSI, Investments & Trading Team Manager Salary 3 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹6.7 L/yr
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Finance & Accounting Team Manager Salary 3 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.7 L/yr

Last Updated: 10 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Team Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Team Manager Salary 0 - 10 years exp. (17 salaries)	₹3.8 L/yr - ₹10.5 L/yr 42% more
HDFC Life Team Manager Salary 1 - 10 years exp. (23 salaries)	₹4.8 L/yr - ₹12.5 L/yr 40% more
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SBI Life Insurance Company Team Manager Salary 3 - 12 years exp. (8 salaries)	₹7.5 L/yr - ₹17.4 L/yr 98% more
Max Life Insurance Team Manager Salary 4 - 13 years exp. (16 salaries)	₹5.8 L/yr - ₹20.3 L/yr 125% more
Bajaj Allianz Life Insurance Team Manager Salary 0 - 10 years exp. (13 salaries)	₹2.2 L/yr - ₹9.8 L/yr 28% more
Reliance Nippon Life Insurance Team Manager Salary 4 - 13 years exp. (5 salaries)	₹3.5 L/yr - ₹6.9 L/yr 17% less
Aditya Birla Sun Life Insurance Team Manager Salary 5 - 11 years exp. (4 salaries)	₹5.5 L/yr - ₹8 L/yr 30% more
Tata AIA Life Insurance Team Manager Salary 0 - 15 years exp. (8 salaries)	₹3.8 L/yr - ₹10.7 L/yr 52% more
PNB MetLife Team Manager Salary 2 - 11 years exp. (10 salaries)	₹4.1 L/yr - ₹17.3 L/yr 85% more	1 job opening
Gallagher Team Manager Salary 7 - 14 years exp. (201 salaries)	₹5.3 L/yr - ₹15 L/yr 59% more	3 job openings
Care Health Insurance Team Manager Salary 4 - 10 years exp. (44 salaries)	₹3.4 L/yr - ₹6.5 L/yr 5% less
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ICICI Lombard General Insurance Company Team Manager Salary 2 - 15 years exp. (27 salaries)	₹4.1 L/yr - ₹15.3 L/yr 76% more
Star Health & Allied Insurance Team Manager Salary 1 - 8 years exp. (15 salaries)	₹3 L/yr - ₹7.8 L/yr 17% less
SBI General Insurance Team Manager Salary 0 - 7 years exp. (7 salaries)	₹3.2 L/yr - ₹11.6 L/yr 26% more
HDFC Ergo General Insurance Team Manager Salary 3 - 10 years exp. (7 salaries)	₹5.8 L/yr - ₹12 L/yr 42% more
Kotak Mahindra General Insurance Team Manager Salary 3 - 7 years exp. (6 salaries)	₹5.1 L/yr - ₹8.1 L/yr 31% more
AIG Team Manager Salary 5 - 13 years exp. (5 salaries)	₹11.5 L/yr - ₹30 L/yr 239% more
Allianz Team Manager Salary 5 - 16 years exp. (4 salaries)	₹5.8 L/yr - ₹29.6 L/yr 298% more
Swiss Re Team Manager Salary 7 - 12 years exp. (3 salaries)	₹18 L/yr - ₹40 L/yr 439% more
Shriram Life Insurance Team Manager Salary 4 - 16 years exp. (3 salaries)	₹2.5 L/yr - ₹10 L/yr 12% more

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Team Manager salary at Kotak Mahindara Life Insurance ranges between ₹1.2 Lakh to ₹8.7 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 13 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Team Manager salaries

Last Updated: 10 Dec 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.2 L/yr - ₹7 L/yr
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹7.5 L/yr
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2 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹8.4 L/yr
4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹8.9 L/yr
5 years (4 salaries)	₹4.1 L/yr - ₹6 L/yr
6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹6.1 L/yr
8 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
9 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹8.7 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Area Manager Salary

(21 salaries)

₹4.94 L/yr - ₹19.05 L/yr

Program Manager Salary

(3 salaries)

₹4.4 L/yr - ₹7.2 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.7 L/yr - ₹32.8 L/yr

Branch Manager Salary

(199 salaries)

₹5 L/yr - ₹13 L/yr

Deputy Manager Salary

(859 salaries)

₹2 L/yr - ₹5.69 L/yr

Team Lead Salary

(42 salaries)

₹1.2 L/yr - ₹6.23 L/yr

Project Manager Salary

(15 salaries)

₹6.5 L/yr - ₹22 L/yr

Cluster Manager Salary

(33 salaries)

₹4.96 L/yr - ₹12.5 L/yr

Operations Manager Salary

(36 salaries)

₹2.65 L/yr - ₹8.5 L/yr

Relationship Manager Salary

(160 salaries)

₹1.8 L/yr - ₹5.8 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.1

Rated by 11 employees for salary & benefits

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..

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

Management Trainee in Chhatisgarh

Full Time

Marketing & Communication Department

4.0

• posted on 08 May 2021

4.0

for Salary and Benefits

Likes

It is all about leadership. If you are good in recruitment then you will more success and financial compensation also.

Dislikes

Senior managers are not available all times so you handle alone and spoil resource coz lack of knowledge and experiences

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.

Dislikes

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

see more salary related reviews

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a social media specialist

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 Team Manager Salary FAQs

What is the salary of Team Manager at Kotak Mahindara Life Insurance?

Team Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹1.2 Lakhs to ₹8.7 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 66% less than the average Team Manager Salary in India. Salary estimates are based on 13 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Team Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Team Manager at Kotak Mahindara Life Insurance is 66% less than the average salary of a Team Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Team Manager in India?

Swiss Re Team Manager Salary - ₹18.0 Lakhs to ₹40.0 Lakhs per year
AXA Team Manager Salary - ₹25.0 Lakhs to ₹30.0 Lakhs per year
Allianz Team Manager Salary - ₹5.8 Lakhs to ₹29.6 Lakhs per year
AIG Team Manager Salary - ₹11.5 Lakhs to ₹30.0 Lakhs per year
Max Life Insurance Team Manager Salary - ₹5.8 Lakhs to ₹20.3 Lakhs per year

What is the salary of a Team Manager in companies similar to Kotak Mahindara Life Insurance in India?

SBI Life Insurance Company Team Manager Salary - ₹7.5 Lakhs to ₹17.4 Lakhs per year
PNB MetLife Team Manager Salary - ₹4.1 Lakhs to ₹17.3 Lakhs per year
ICICI Lombard General Insurance Company Team Manager Salary - ₹4.1 Lakhs to ₹15.3 Lakhs per year
Gallagher Team Manager Salary - ₹5.3 Lakhs to ₹15.0 Lakhs per year
Tata AIA Life Insurance Team Manager Salary - ₹3.8 Lakhs to ₹10.7 Lakhs per year

What is the estimated take home salary of a Team Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Team Manager at Kotak Mahindara Life Insurance ranges between ₹40,086 per month to ₹41,250 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Team Manager salary in India which ranges between ₹1.2 Lakhs to ₹8.7 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?

What is the notice period for Team Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Team Managers reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Team Manager Salaries

Kotak Mahindara Life Insurance Team Manager salary in India ranges between ₹1.2 Lakh to ₹8.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.