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Kotak Mahindara Life Insurance Team Manager salaries in India (Updated 2025)

Annual salary range
0 - 7 years exp.
₹1.2 Lakh - ₹7.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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69% less than the average Team Manager Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

Sales & Business Development
Team Manager Salary
1 - 6 years exp. (AmbitionBox Estimate)
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₹2 L/yr - ₹6.3 L/yr

BFSI, Investments & Trading
Team Manager Salary
3 years exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹5.6 L/yr

Finance & Accounting
Team Manager Salary
3 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹5.8 L/yr

Last Updated: 8 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Team Manager

Company name Avg Annual Salary Open Jobs
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Gallagher Team Manager Salary

7 - 14 years exp. (213 salaries)

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₹4.3 L/yr - ₹11.8 L/yr

arrow icon 71% more
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HDFC Life Team Manager Salary

2 - 10 years exp. (29 salaries)

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₹1.2 L/yr - ₹6.2 L/yr

arrow icon 8% more
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₹2.5 L/yr - ₹11 L/yr

arrow icon 41% more
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₹3 L/yr - ₹7.8 L/yr

arrow icon 4% less
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₹2.2 L/yr - ₹11.1 L/yr

arrow icon 35% more
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₹3.8 L/yr - ₹9.6 L/yr

arrow icon 64% more
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HDFC Ergo General Insurance Team Manager Salary

2 - 10 years exp. (12 salaries)

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₹5.8 L/yr - ₹12.4 L/yr

arrow icon 47% more
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SBI Life Insurance Company Team Manager Salary

3 - 19 years exp. (11 salaries)

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₹7.5 L/yr - ₹15 L/yr

arrow icon 143% more
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Axis Max Life Insurance Team Manager Salary

6 - 13 years exp. (9 salaries)

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₹5.7 L/yr - ₹11.3 L/yr

arrow icon 119% more
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Tata AIA Life Insurance Team Manager Salary

1 - 15 years exp. (11 salaries)

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₹4 L/yr - ₹15.6 L/yr

arrow icon 86% more
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₹5.1 L/yr - ₹8.1 L/yr

arrow icon 35% more
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₹5.5 L/yr - ₹12.3 L/yr

arrow icon 59% more
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AXA Team Manager Salary

10 - 15 years exp. (25 salaries)

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₹44 L/yr - ₹65 L/yr

arrow icon 1003% more
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AIG Team Manager Salary

5 - 13 years exp. (5 salaries)

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₹11.5 L/yr - ₹30 L/yr

arrow icon 252% more
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₹6.9 L/yr - ₹11.5 L/yr

arrow icon 50% more
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Shriram Life Insurance Team Manager Salary

4 - 16 years exp. (4 salaries)

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₹2.5 L/yr - ₹14 L/yr

arrow icon 55% more
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Swiss Re Team Manager Salary

7 - 12 years exp. (3 salaries)

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₹18 L/yr - ₹40 L/yr

arrow icon 459% more
Team Manager salary at Kotak Mahindara Life Insurance ranges between ₹1.2 Lakh to ₹7.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 12 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Team Manager

3d ago
₹7.5 Lakhs
5 years exp.
1w ago
₹6.3 Lakhs
6 years exp.
1y ago
₹4.5 Lakhs
5 years exp.
1y ago
₹4.5 Lakhs
4 years exp.
1y ago
₹6 Lakhs
5 years exp.
1y ago
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2 months exp.
1y ago
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1 year exp.
1y ago
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3 years exp.
1y ago
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3 years exp.

Experience wise Kotak Mahindara Life Insurance Team Manager salaries

Last Updated: 8 Feb 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.2 L/yr - ₹7 L/yr
1 year (AmbitionBox Estimate)

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₹2 L/yr - ₹7.5 L/yr
2 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr
3 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹8.5 L/yr
4 years (AmbitionBox Estimate)

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₹4.2 L/yr - ₹9 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Area Manager Salary
(32 salaries)
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₹6 L/yr - ₹22.1 L/yr
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₹4.4 L/yr - ₹7 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Branch Manager Salary
(204 salaries)
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₹5 L/yr - ₹13.5 L/yr
Deputy Manager Salary
(764 salaries)
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₹2 L/yr - ₹5.74 L/yr
Team Lead Salary
(34 salaries)
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₹1.2 L/yr - ₹6.95 L/yr
Project Manager Salary
(14 salaries)
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₹6.5 L/yr - ₹22 L/yr
Cluster Manager Salary
(34 salaries)
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₹4.96 L/yr - ₹15 L/yr
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₹2.65 L/yr - ₹9 L/yr
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₹1.8 L/yr - ₹7 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.1

Rated by 11 employees for salary & benefits

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.....

read more

Dislikes

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

read more
  • Salary - Bad
  • +6 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

 · 

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..

read more

Dislikes

I like nothing about them.. I m with my word..

  • Salary - Bad
  • +6 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

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.

read more
  • Salary - Good
  • +6 more

Dislikes

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

read more
see more salary related reviews

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Kotak Mahindara Life Insurance Team Manager Salary FAQs

What is the salary of Team Manager at Kotak Mahindara Life Insurance ?
The average salary of a Team Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹1.2 Lakhs to ₹7.5 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Team Manager at Kotak Mahindara Life Insurance earn more than ₹6.6 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Team 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 10+ Kotak Mahindara Life Insurance employees in India.
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 in India typically ranges from ₹38,566 to ₹39,753 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from Fresher to 7 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 10+ 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 Team Manager in India?
AXA ₹44.0 Lakhs to ₹65.0 Lakhs per year
Swiss Re ₹18.0 Lakhs to ₹40.0 Lakhs per year
AIG ₹11.5 Lakhs to ₹30.0 Lakhs per year
SBI Life Insurance Company ₹7.5 Lakhs to ₹15.0 Lakhs per year
Axis Max Life Insurance ₹5.7 Lakhs to ₹11.3 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 Team Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Team Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance ₹4.0 Lakhs to ₹15.6 Lakhs per year
Gallagher ₹4.3 Lakhs to ₹11.8 Lakhs per year
ICICI Prudential Life Insurance ₹3.8 Lakhs to ₹9.6 Lakhs per year
Aditya Birla Sun Life Insurance ₹5.5 Lakhs to ₹12.3 Lakhs per year
Shriram Life Insurance ₹2.5 Lakhs to ₹14.0 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 Team Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Team Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Team Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹1.2 Lakhs to ₹7.0 Lakhs per year
1 year ₹2.0 Lakhs to ₹7.5 Lakhs per year
2 years ₹4.0 Lakhs to ₹5.1 Lakhs per year
3 years ₹2.4 Lakhs to ₹8.5 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Team Manager salary in India ranges between ₹1.2 Lakh to ₹7.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.