Kotak Mahindra General Insurance Area Manager Salaries by 5 Employees (Updated 2025)

11 - 13 years exp.

₹10.3 Lakhs - ₹17 Lakhs

Salary of majority employees

29% more than the average Area Manager Salary in Insurance Companies for 11 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Manager Salary 12 - 13 years exp. (3 salaries)	₹12.5 L/yr - ₹17 L/yr
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Sales & Business Development Area Manager Salary 13 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.6 L/yr

Last Updated: 1 Jun 2024

Companies similar to Kotak Mahindra General Insurance for Area Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Area Manager Salary 3 - 17 years exp. (74 salaries)	₹6.8 L/yr - ₹18.5 L/yr 2% more
HDFC Ergo General Insurance Area Manager Salary 5 - 20 years exp. (40 salaries)	₹6 L/yr - ₹12.5 L/yr 28% less
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Bajaj Allianz General Insurance Area Manager Salary 7 - 15 years exp. (16 salaries)	₹5.2 L/yr - ₹18 L/yr 16% less	1 job opening
Reliance General Insurance Area Manager Salary 8 - 20 years exp. (22 salaries)	₹6.9 L/yr - ₹21 L/yr 10% more
Tata AIG Area Manager Salary 6 - 19 years exp. (25 salaries)	₹6.3 L/yr - ₹15.5 L/yr 21% less
SBI General Insurance Area Manager Salary 3 - 21 years exp. (6 salaries)	₹9 L/yr - ₹15.2 L/yr 6% less
Future Generali India Life Insurance Area Manager Salary 13 - 19 years exp. (41 salaries)	₹10.1 L/yr - ₹18.5 L/yr 24% more	2 job openings
ICICI Prudential Life Insurance Area Manager Salary 1 - 17 years exp. (373 salaries)	₹5.8 L/yr - ₹12.8 L/yr 22% less	22 job openings
Cholamandalam MS General Insurance Area Manager Salary 6 - 16 years exp. (123 salaries)	₹5.3 L/yr - ₹14 L/yr 30% less
Bharti AXA Life Insurance Area Manager Salary 7 - 19 years exp. (36 salaries)	₹6.1 L/yr - ₹16.5 L/yr 16% less
Aviva Life Insurance India Area Manager Salary 7 - 20 years exp. (35 salaries)	₹7 L/yr - ₹14 L/yr 11% less
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Aditya Birla Health Insurance Co Area Manager Salary 7 - 18 years exp. (31 salaries)	₹4.5 L/yr - ₹16.5 L/yr 17% less
HDFC Life Area Manager Salary 4 - 14 years exp. (26 salaries)	₹3.2 L/yr - ₹12.6 L/yr 41% less
ManipalCigna Health Insurance Area Manager Salary 11 - 20 years exp. (27 salaries)	₹7.2 L/yr - ₹12.5 L/yr 16% less
Shriram General Insurance Area Manager Salary 12 - 20 years exp. (25 salaries)	₹8.3 L/yr - ₹15 L/yr 12% less
Kotak Mahindara Life Insurance Area Manager Salary 7 - 24 years exp. (26 salaries)	₹5.7 L/yr - ₹17.9 L/yr 8% less
Edelweiss Life Insurance Area Manager Salary 12 - 20 years exp. (16 salaries)	₹10 L/yr - ₹16.7 L/yr 15% more
Royal Sundaram General Insurance Area Manager Salary 11 - 19 years exp. (7 salaries)	₹9 L/yr - ₹18.5 L/yr 10% less
IndiaFirst Life Insurance Area Manager Salary 7 - 17 years exp. (5 salaries)	₹8 L/yr - ₹13 L/yr 14% less
Digit Insurance Area Manager Salary 7 - 14 years exp. (5 salaries)	₹5 L/yr - ₹8.5 L/yr 38% less

View all

Area Manager salary at Kotak Mahindra General Insurance ranges between ₹10.3 Lakhs to ₹17 Lakhs per year for employees with experience between 11 years to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Area Manager salaries

Last Updated: 1 Jun 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹18.7 L/yr
12 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹12.5 L/yr
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13 years (3 salaries)	₹10.5 L/yr - ₹17 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

Sales Manager Salary

(7 salaries)

₹4.25 L/yr - ₹6.5 L/yr

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Area Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹17.3 L/yr

Cluster Manager Salary

(4 salaries)

₹5.3 L/yr - ₹7.7 L/yr

Deputy Manager Salary

(200 salaries)

₹2.95 L/yr - ₹7.25 L/yr

Regional Manager Salary

(4 salaries)

₹14.5 L/yr - ₹30 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 L/yr

Sales Officer Salary

(4 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 L/yr

Top skills at Kotak Mahindra General Insurance for Area Manager

General Insurance agency Agency Sales

Salary related reviews for Kotak Mahindra General Insurance

Chief Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 02 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Job security - Good

Dislikes

Everything. This company owned by bunch of Kotak bankers at upper end starting from national heads. Who are at city level and if they are kotak bank migrated employee then they will become national heads in just 2 to 3 years but if you have joined from the industry then growth is negligible no matter how good you are. Think 10 times before joining kotak general insurance.

Salary - Bad

+5 more

Assistant Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 15 Feb 2024

2.0

for Salary and Benefits

Likes

False promises given by HR and Manager as was told there will be alternate Saturday Sunday off and Public Holiday but there is no holiday at all we should work on weekends as well

Job security - Good

Dislikes

Lack of knowledge system is very poor to handle it feels like i m working in government

Salary - Poor

+5 more

Relationship Manager in Raipur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 31 Aug 2024

2.0

for Salary and Benefits

Likes

Overall the system is good in process and claims.

Work-life balance - Good

Dislikes

The incentive system is worse. Also some seniors came from the bank so they still don't know about general insurance culture. Overall it is not good especially in central areas like MP CG.

Salary - Poor

+1 more

Deputy Manager Grade 2 in Panipat

Full Time

Sales & Business Development Department

3.0

• posted on 01 Nov 2023

4.0

for Salary and Benefits

Likes

Senior management is very supporting and Helping Nature And very nice hold on bank channel imd

Salary - Good

+5 more

Dislikes

Company totally working offline policy issuance All sales manager depends on ops team for policy issuance and ops team attitude is very high

Assistant Manager in IT Park Infinite Dindhosi Malad East

Full Time

Digital department Department

3.0

• posted on 08 Mar 2023

2.0

for Salary and Benefits

Likes

Good experience very nice and boss always supported and share good knowledge

Skill development - Good

+1 more

Dislikes

Sitting arrangements is not proper and they are not doing any cultural progress and any picnic . IT service slow and management is slow.

Salary - Poor

+2 more

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an associate vice president

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindra General Insurance Area Manager Salary FAQs

What is the salary of Area Manager at Kotak Mahindra General Insurance?

Area Manager salary at Kotak Mahindra General Insurance in India ranges between ₹10.3 Lakhs to ₹17.0 Lakhs for experience between 11 years to 13 years. According to our estimates it is 29% more than the average Area Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra General Insurance India.

How does the salary of a Area Manager at Kotak Mahindra General Insurance India compare with the average salary range for this job?

The average salary of a Area Manager at Kotak Mahindra General Insurance is 29% more than the average salary of a Area Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Area Manager at Kotak Mahindra General Insurance?

General Insurance, agency and Agency Sales are some of the popular skills required to work as a Area Manager at Kotak Mahindra General Insurance India.

Which similar companies are paying more than Kotak Mahindra General Insurance to a Area Manager in India?

Future Generali India Life Insurance Area Manager Salary - ₹10.1 Lakhs to ₹18.5 Lakhs per year
Edelweiss Life Insurance Area Manager Salary - ₹10.0 Lakhs to ₹16.7 Lakhs per year
Reliance General Insurance Area Manager Salary - ₹6.9 Lakhs to ₹21.0 Lakhs per year
ICICI Lombard General Insurance Company Area Manager Salary - ₹6.8 Lakhs to ₹18.5 Lakhs per year

What is the salary of a Area Manager in companies similar to Kotak Mahindra General Insurance in India?

SBI General Insurance Area Manager Salary - ₹9.0 Lakhs to ₹15.2 Lakhs per year
Kotak Mahindara Life Insurance Area Manager Salary - ₹5.7 Lakhs to ₹17.9 Lakhs per year
Pramerica Life Insurance Area Manager Salary - ₹9.0 Lakhs to ₹13.1 Lakhs per year
Royal Sundaram General Insurance Area Manager Salary - ₹9.0 Lakhs to ₹18.5 Lakhs per year
Aviva Life Insurance India Area Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year

What is the estimated take home salary of a Area Manager at Kotak Mahindra General Insurance in India?

The estimated take-home salary of a Area Manager at Kotak Mahindra General Insurance ranges between ₹87,308 per month to ₹89,597 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Area Manager salary in India which ranges between ₹10.3 Lakhs to ₹17.0 Lakhs per year for employees with experience between 11 years to 13 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at Kotak Mahindra General Insurance?

According to AmbitionBox, 100% of the Kotak Mahindra General Insurance Area Managers reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Area Manager Salaries

Kotak Mahindra General Insurance Area Manager salary in India ranges between ₹10.3 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.