Kotak Mahindara Life Insurance Underwriting Manager Salaries by 5 Employees

1 - 3 years exp.

₹5.1 Lakhs - ₹8.4 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

28% less than the average Underwriting Manager Salary in Insurance Companies for 1 - 3 years of experience

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Last Updated: 26 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 71% more
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 30% more
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ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (10 salaries)	₹5.8 L/yr - ₹14.5 L/yr 41% more
Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 102% more
Kotak Mahindra General Insurance Underwriting Manager Salary 4 - 14 years exp. (7 salaries)	₹2.8 L/yr - ₹9.2 L/yr 7% more
Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 99% more
SBI Life Insurance Company Underwriting Manager Salary 1 - 14 years exp. (5 salaries)	₹8 L/yr - ₹11 L/yr 52% more
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 102% more
Aditya Birla Sun Life Insurance Underwriting Manager Salary 7 - 10 years exp. (4 salaries)	₹10.1 L/yr - ₹13.4 L/yr 76% more
Axis Max Life Insurance Underwriting Manager Salary 5 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 50% more
XL Catlin Underwriting Manager Salary 14 - 16 years exp. (3 salaries)	₹17.5 L/yr - ₹20 L/yr 192% more
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Star Health & Allied Insurance Underwriting Manager Salary 3 - 6 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 28% less
AIG Underwriting Manager Salary 9 - 14 years exp. (3 salaries)	₹14.3 L/yr - ₹21.1 L/yr 158% more

Underwriting Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.1 Lakhs to ₹8.4 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Underwriting Manager salaries

Last Updated: 26 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
2 years (3 salaries)	₹2.4 L/yr - ₹8.4 L/yr
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3 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr

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Salary related reviews for Kotak Mahindara Life Insurance

Chief Manager in Mumbai

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.

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

Salary - Poor

+1 more

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

Chief Manager in Mumbai

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.

Chief Manager in Silchar

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.

Work satisfaction - Bad

+1 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

see more salary related reviews

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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 Underwriting Manager Salary FAQs

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

The average salary of a Underwriting Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹5.1 Lakhs to ₹8.4 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of 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. 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 5 Kotak Mahindara Life Insurance employees in India.

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

The estimated take-home salary of a Underwriting Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹48,368 to ₹49,512 per month. This is based on the average salary range of ₹5.1 Lakhs to ₹8.4 Lakhs per year for employees with experience ranging from 1 year to 3 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 5 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 Underwriting Manager in India?

XL Catlin	₹17.5 Lakhs to ₹20.0 Lakhs per year
AIG	₹14.3 Lakhs to ₹21.1 Lakhs per year
HDFC Life	₹9.7 Lakhs to ₹18.5 Lakhs per year
Tata AIA Life Insurance	₹7.8 Lakhs to ₹18.0 Lakhs per year
Gallagher	₹12.0 Lakhs to ₹13.0 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 Underwriting Manager in companies similar to Kotak Mahindara Life Insurance in India?

The salary of a Underwriting 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:

Aditya Birla Sun Life Insurance	₹10.1 Lakhs to ₹13.4 Lakhs per year
HDFC Ergo General Insurance	₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI Life Insurance Company	₹8.0 Lakhs to ₹11.0 Lakhs per year
Axis Max Life Insurance	₹8.5 Lakhs to ₹10.0 Lakhs per year
ICICI Lombard General Insurance Company	₹5.8 Lakhs to ₹14.5 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 Underwriting Manager at Kotak Mahindara Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹4.5 Lakhs to ₹5.8 Lakhs per year
2 years	₹2.4 Lakhs to ₹8.4 Lakhs per year
3 years	₹7.1 Lakhs to ₹9.1 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Underwriting Manager Salaries

Kotak Mahindara Life Insurance Underwriting Manager salary in India ranges between ₹5.1 Lakhs to ₹8.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.