Kotak Mahindra General Insurance Assistant Manager Salaries by 200+ Employees (Updated 2025)

1 - 8 years exp.

₹1.5 Lakh - ₹5 Lakhs

Salary of majority employees

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56% less than the average Assistant Manager Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Assistant Manager Salary 1 - 8 years exp. (78 salaries)	Unlock ₹1.9 L/yr - ₹5 L/yr
Customer Success, Service & Operations Assistant Manager Salary 1 - 8 years exp. (72 salaries)	Unlock ₹2 L/yr - ₹4.8 L/yr
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Sales & Business Development Assistant Manager Salary 1 - 8 years exp. (35 salaries)	Unlock ₹1.5 L/yr - ₹4.7 L/yr
Finance & Accounting Assistant Manager Salary 1 - 7 years exp. (29 salaries)	Unlock ₹2.4 L/yr - ₹4.8 L/yr
Marketing & Communication Assistant Manager Salary 1 - 6 years exp. (12 salaries)	Unlock ₹2.8 L/yr - ₹4.6 L/yr

Last Updated: 4 Mar 2025

Companies similar to Kotak Mahindra General Insurance for Assistant Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Assistant Manager Salary 0 - 11 years exp. (57 salaries)	Unlock ₹2.8 L/yr - ₹9.5 L/yr 66% more
HDFC Ergo General Insurance Assistant Manager Salary 1 - 13 years exp. (549 salaries)	Unlock ₹2.3 L/yr - ₹7.5 L/yr 36% more
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Bajaj Allianz General Insurance Assistant Manager Salary 1 - 16 years exp. (418 salaries)	Unlock ₹4.5 L/yr - ₹10.7 L/yr 115% more	4 job openings
Reliance General Insurance Assistant Manager Salary 1 - 12 years exp. (39 salaries)	Unlock ₹2.5 L/yr - ₹8 L/yr 28% more
Tata AIG Assistant Manager Salary 3 - 15 years exp. (17 salaries)	Unlock ₹3.3 L/yr - ₹8.5 L/yr 63% more
United India Insurance Company Assistant Manager Salary 5 - 12 years exp. (59 salaries)	Unlock ₹7 L/yr - ₹22 L/yr 321% more
The New India Assurance Co. Assistant Manager Salary 4 - 11 years exp. (46 salaries)	Unlock ₹10 L/yr - ₹19 L/yr 304% more
National Insurance Company Assistant Manager Salary 4 - 12 years exp. (54 salaries)	Unlock ₹9.6 L/yr - ₹18 L/yr 289% more
SBI General Insurance Assistant Manager Salary 0 - 10 years exp. (327 salaries)	Unlock ₹3 L/yr - ₹8.5 L/yr 16% more
Future Generali India Life Insurance Assistant Manager Salary 1 - 16 years exp. (192 salaries)	Unlock ₹3.5 L/yr - ₹13.6 L/yr 112% more	1 job opening

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Assistant Manager salary at Kotak Mahindra General Insurance ranges between ₹1.5 Lakh to ₹5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 276 latest salaries received from various employees of Kotak Mahindra General Insurance.

Latest annual salaries shared by Kotak Mahindra General Insurance Assistant Manager

2d ago

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8 years exp.

1w ago

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1 year exp.

3w ago

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3 years exp.

1mo ago

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6 years exp.

1mo ago

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8 years exp.

1mo ago

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3 years exp.

1mo ago

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2 years exp.

1mo ago

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3 years exp.

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6 years exp.

2mo ago

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5 years exp.

Experience wise Kotak Mahindra General Insurance Assistant Manager salaries

Last Updated: 4 Mar 2025

Experience	Avg Annual Salary
1 year (19 salaries)	Unlock ₹2 L/yr - ₹4 L/yr
2 years (34 salaries)	Unlock ₹2 L/yr - ₹4.5 L/yr
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3 years (61 salaries)	Unlock ₹1.5 L/yr - ₹4.5 L/yr
4 years (61 salaries)	Unlock ₹1.9 L/yr - ₹4.6 L/yr
5 years (50 salaries)	Unlock ₹2.3 L/yr - ₹5 L/yr
6 years (33 salaries)	Unlock ₹2.6 L/yr - ₹4.8 L/yr
7 years (12 salaries)	Unlock ₹2.5 L/yr - ₹4.7 L/yr
8 years (6 salaries)	Unlock ₹3.3 L/yr - ₹4.8 L/yr

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From

Assistant Manager

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1 - 8 years exp.

Deputy Manager

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₹

Lakhs/yr

5 - 10 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindra General Insurance

Department Manager Salary

(AmbitionBox Estimate)

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₹5.8 L/yr - ₹7.4 L/yr

Operations Manager Salary

(6 salaries)

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₹2.15 L/yr - ₹5.38 L/yr

Team Manager Salary

(6 salaries)

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₹5.1 L/yr - ₹8.08 L/yr

Branch Manager Salary

(6 salaries)

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₹6.5 L/yr - ₹8.3 L/yr

Deputy Manager Salary

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₹2.95 L/yr - ₹7.25 L/yr

Sales Manager Salary

(7 salaries)

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₹4.25 L/yr - ₹6.5 L/yr

Relationship Manager Salary

(34 salaries)

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₹2.35 L/yr - ₹5.31 L/yr

Team Lead Salary

(25 salaries)

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₹3.7 L/yr - ₹6.48 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr

Operations Executive Salary

(6 salaries)

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₹2.6 L/yr - ₹4 L/yr

Top skills at Kotak Mahindra General Insurance for Assistant Manager

General Insurance Channel Partners Direct Sales Retail Sales Bancassurance

Salary related reviews for Kotak Mahindra General Insurance

2.9

Rated by 44 employees for salary & benefits

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

Assistant Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 06 Feb 2025

1.0

for Salary and Benefits

Likes

There's nothing to like

Dislikes

Everything...no work life balance No appraisal, no matter how much you give your efforts it's a waste. Here no body care about your health or your hard work. Only favourite ppls will get everything they want.

Salary - Bad

+6 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

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

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... read more

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Kotak Mahindra General Insurance Assistant Manager Salary FAQs

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

Assistant Manager salary at Kotak Mahindra General Insurance in India ranges between ₹1.5 Lakhs to ₹5.0 Lakhs for experience between 1 years to 8 years. According to our estimates it is 56% less than the average Assistant Manager Salary in India. Salary estimates are based on 276 latest salaries received from various employees of Kotak Mahindra General Insurance India.

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

The average salary of a Assistant Manager at Kotak Mahindra General Insurance is 56% less than the average salary of a Assistant Manager in India. To know exact salary insights, login to view.

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

General Insurance, Channel Partners, Direct Sales, Retail Sales and Bancassurance are some of the popular skills required to work as a Assistant Manager at Kotak Mahindra General Insurance India.

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

MetLife Assistant Manager Salary - ₹7.4 Lakhs to ₹30.0 Lakhs per year
Principal Global Services Assistant Manager Salary - ₹13.0 Lakhs to ₹21.0 Lakhs per year
United India Insurance Company Assistant Manager Salary - ₹7.0 Lakhs to ₹22.0 Lakhs per year
AXA Business Services Assistant Manager Salary - ₹6.8 Lakhs to ₹23.6 Lakhs per year
The New India Assurance Co. Assistant Manager Salary - ₹10.0 Lakhs to ₹19.0 Lakhs per year

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

National Insurance Company Assistant Manager Salary - ₹9.6 Lakhs to ₹18.0 Lakhs per year
Axa XL Assistant Manager Salary - ₹7.0 Lakhs to ₹17.7 Lakhs per year
Royal Sundaram General Insurance Assistant Manager Salary - ₹5.7 Lakhs to ₹13.7 Lakhs per year
Digit Insurance Assistant Manager Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year
Bajaj Allianz General Insurance Assistant Manager Salary - ₹4.5 Lakhs to ₹10.7 Lakhs per year

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

The estimated take-home salary of a Assistant Manager at Kotak Mahindra General Insurance ranges between ₹26,995 per month to ₹28,404 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Assistant Manager salary in India which ranges between ₹1.5 Lakhs to ₹5.0 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 62% of the Kotak Mahindra General Insurance Assistant Managers reported a notice period of 3 Months, 19% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 179 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Assistant Manager salary in India ranges between ₹1.5 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 276 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.

Kotak Mahindra General Insurance Assistant Manager salaries in India (Updated 2025)

Companies similar to Kotak Mahindra General Insurance for Assistant Manager

Latest annual salaries shared by Kotak Mahindra General Insurance Assistant Manager

Experience wise Kotak Mahindra General Insurance Assistant Manager salaries

Similar Designation salaries in Kotak Mahindra General Insurance

Top skills at Kotak Mahindra General Insurance for Assistant Manager