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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Senior Manager Salaries in India

based on 577 latest salaries
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BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Finance & Accounting + 6 more
Designation Avg Annual Salary Open Jobs
1 - 15 years exp. (675 salaries)
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₹3.3 L/yr - ₹10.5 L/yr

1 job opening
0 - 3 years exp. (47 salaries)
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₹1.2 L/yr - ₹3 L/yr

1 - 9 years exp. (47 salaries)
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₹1.4 L/yr - ₹5 L/yr

6 - 19 years exp. (44 salaries)
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₹5 L/yr - ₹10.9 L/yr

0 - 6 years exp. (43 salaries)
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₹1 L/yr - ₹6.7 L/yr

1 - 5 years exp. (41 salaries)
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₹2.1 L/yr - ₹3.3 L/yr

0 - 8 years exp. (39 salaries)
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₹2.1 L/yr - ₹4.4 L/yr

1 - 13 years exp. (35 salaries)
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₹2.7 L/yr - ₹8.5 L/yr

0 - 8 years exp. (35 salaries)
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₹1 L/yr - ₹3.6 L/yr

6 - 16 years exp. (33 salaries)
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₹5 L/yr - ₹12.5 L/yr

2 - 15 years exp. (33 salaries)
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₹5.2 L/yr - ₹11 L/yr

1 job opening
13 - 24 years exp. (31 salaries)
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₹29.7 L/yr - ₹51 L/yr

1 - 10 years exp. (31 salaries)
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₹2.5 L/yr - ₹6 L/yr

0 - 5 years exp. (31 salaries)
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₹2.5 L/yr - ₹3.8 L/yr

10 - 23 years exp. (29 salaries)
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₹10 L/yr - ₹22.4 L/yr

0 - 1 year exp. (29 salaries)
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₹2 L/yr - ₹3.5 L/yr

2 - 10 years exp. (28 salaries)
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₹3 L/yr - ₹4.5 L/yr

0 - 8 years exp. (27 salaries)
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₹2.1 L/yr - ₹8.9 L/yr

1 job opening
0 - 8 years exp. (26 salaries)
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₹3.5 L/yr - ₹6 L/yr

0 - 15 years exp. (26 salaries)
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₹2 L/yr - ₹7.6 L/yr

6 - 15 years exp. (26 salaries)
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₹2.5 L/yr - ₹4.3 L/yr

Last Updated: 20 Dec, 2024

Salary related reviews for Kotak Mahindara Life Insurance

3.2

Rated by 130 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 01 May 2024

2.0
 for  Salary and Benefits

Likes

Nothing good to write about.

Dislikes

Can't even count the dislikes. 1. You are never sure that you will get your salary on time. HR can (by mistake) mistakes at time of salary credit. 2. Upper management lies alot. 3. You wont learn anything, if u have ideas of growth and benificial for the company (Forget It) 4. HR is just a word, the people of the department don't know what HR does for a change. 5. You will be promissed alot of things at time of joining, rest assured they are just a myth. This list can go on and on, i just don't wanna waste my time on them anymore.

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Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 04 Oct 2021

3.0
 for  Salary and Benefits

Likes

Company has a good work culture but work pressure would be on higher side as compared to salary groth. Good company to join for steady long-term growth

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Dislikes

There is no transport management service. HR is least active in organization. No events for employees even in festival season. Including no sweets distribution festival like Diwali/Dushera/Eid

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Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

Dislikes

... Company gives me 2.5% hike in appraisal after achieving a 70% of YTD Target.... Appraisal and salary hike processes at Kotak Life Insurance are deeply disappointing. Despite dedicated efforts and meeting performance targets, the appraisal system feels arbitrary and lacks transparency. Promises of career growth and salary increments are often unfulfilled, leaving employees demotivated and undervalued. There’s a noticeable disparity between the workload expectations and the compensation provided, which doesn’t align with industry standards. This undermines morale and loyalty among employees, impacting overall productivity and retention. Clearer and fairer appraisal policies are urgently needed to retain talent and boost employee satisfaction."

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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..

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Dislikes

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

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

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Kotak Mahindara Life Insurance Salary FAQs

How much does Kotak Mahindara Life Insurance pay per year?
The average Kotak Mahindara Life Insurance salary ranges from approximately ₹1 Lakh to ₹2 Lakhs per year for a Back Office Computer Operator and ₹69 Lakhs to ₹98 Lakhs per year for a Executive Vice President. Salary estimates are based on 577 Kotak Mahindara Life Insurance salaries received from various employees of Kotak Mahindara Life Insurance. Kotak Mahindara Life Insurance employees rate the overall salary and benefits package 3.2/5 stars.
What is the highest salary in Kotak Mahindara Life Insurance?
The highest-paying job at Kotak Mahindara Life Insurance is a Executive Vice President with a salary of ₹69 Lakhs to ₹98 Lakhs per year. The top 10% of employees earn more than ₹10.91 lakhs per year. The top 1% earn more than a whopping ₹32 lakhs per year.
What is the minimum salary in Kotak Mahindara Life Insurance?
Minimum salary at Kotak Mahindara Life Insurance depends on the role you are applying for. For Assistant Manager the minimum salary is ₹2 Lakhs to ₹4.8 Lakhs per year, and for Management Trainee the minimum salary is ₹1 Lakh to ₹6.7 Lakhs per year and so on.
What is the salary package for freshers in Kotak Mahindara Life Insurance?
The average salary at Kotak Mahindara Life Insurance for freshers varies from ₹0.7 Lakh to ₹2.5 Lakhs per year for Telecaller and ₹7.5 Lakhs to ₹15.5 Lakhs per year for Chief Manager.
What is the notice period for Senior Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 35% of the Kotak Mahindara Life Insurance Senior Managers reported a notice period of 1 Month, 31% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 529 responses on AmbitionBox in last 2 years.

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Average annual salary for Senior Manager in Kotak Mahindara Life Insurance is INRunlock blur . Salary estimates are based on 577 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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