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

0 - 8 years exp.

₹1.3 Lakh - ₹4.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

57% less than the average Assistant Manager Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

Customer Success, Service & Operations Assistant Manager Salary 0 - 8 years exp. (75 salaries)	₹2 L/yr - ₹4.8 L/yr
BFSI, Investments & Trading Assistant Manager Salary 0 - 8 years exp. (73 salaries)	₹1.9 L/yr - ₹4.5 L/yr
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Sales & Business Development Assistant Manager Salary 1 - 8 years exp. (37 salaries)	₹1.5 L/yr - ₹4.8 L/yr
Finance & Accounting Assistant Manager Salary 0 - 7 years exp. (29 salaries)	₹2.4 L/yr - ₹4.8 L/yr
Marketing & Communication Assistant Manager Salary 1 - 6 years exp. (12 salaries)	₹2.8 L/yr - ₹4.6 L/yr

View all

Last Updated: 29 Mar 2025

Companies similar to Kotak Mahindra General Insurance for Assistant Manager

Company name	Avg Annual Salary	Open Jobs
MetLife Assistant Manager Salary 4 - 15 years exp. (915 salaries)	₹8 L/yr - ₹30 L/yr 414% more	5 job openings
Kotak Mahindara Life Insurance Assistant Manager Salary 0 - 8 years exp. (746 salaries)	₹2 L/yr - ₹4.8 L/yr At par	1 job opening
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HDFC Ergo General Insurance Assistant Manager Salary 1 - 13 years exp. (541 salaries)	₹2.6 L/yr - ₹8.7 L/yr 35% more
ICICI Prudential Life Insurance Assistant Manager Salary 1 - 12 years exp. (521 salaries)	₹3 L/yr - ₹7.1 L/yr 46% more
Aditya Birla Health Insurance Co Assistant Manager Salary 0 - 9 years exp. (381 salaries)	₹2.6 L/yr - ₹9.5 L/yr 55% more
Medi Assist India Assistant Manager Salary 5 - 13 years exp. (254 salaries)	₹3.1 L/yr - ₹9 L/yr 71% more	2 job openings
HDFC Life Assistant Manager Salary 1 - 10 years exp. (271 salaries)	₹1.7 L/yr - ₹7.5 L/yr 34% more
AXA Business Services Assistant Manager Salary 8 - 19 years exp. (247 salaries)	₹6.8 L/yr - ₹23.6 L/yr 310% more
Future Generali India Life Insurance Assistant Manager Salary 1 - 16 years exp. (181 salaries)	₹3.5 L/yr - ₹13 L/yr 115% more
IndiaFirst Life Insurance Assistant Manager Salary 4 - 11 years exp. (169 salaries)	₹3 L/yr - ₹9 L/yr 48% more

View all

Assistant Manager salary at Kotak Mahindra General Insurance ranges between ₹1.3 Lakh to ₹4.8 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 290 latest salaries received from various employees of Kotak Mahindra General Insurance.

Latest annual salaries shared by Kotak Mahindra General Insurance Assistant Manager

3d ago

₹4.8 Lakhs

6 years exp.

1w ago

₹4 Lakhs

4 years exp.

1w ago

₹3.3 Lakhs

2 years exp.

3w ago

₹3.7 Lakhs

6 years exp.

3w ago

₹3.7 Lakhs

3 years exp.

3w ago

5 months exp.

4w ago

8 years exp.

1mo ago

1 year exp.

2mo ago

3 years exp.

2mo ago

2 years exp.

Experience wise Kotak Mahindra General Insurance Assistant Manager salaries

Last Updated: 29 Mar 2025

Experience	Avg Annual Salary
Fresher (5 salaries)	₹2.4 L/yr - ₹4 L/yr
1 year (22 salaries)	₹1.3 L/yr - ₹4 L/yr
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2 years (36 salaries)	₹2 L/yr - ₹4.5 L/yr
3 years (65 salaries)	₹1.5 L/yr - ₹4.5 L/yr
4 years (64 salaries)	₹1.9 L/yr - ₹4.6 L/yr
5 years (51 salaries)	₹2.3 L/yr - ₹4.8 L/yr
6 years (34 salaries)	₹2.8 L/yr - ₹4.8 L/yr
7 years (10 salaries)	₹2.8 L/yr - ₹4.7 L/yr
8 years (3 salaries)	₹3.9 L/yr - ₹4.8 L/yr

View all

From

Assistant Manager

0 - 8 years exp.

Deputy Manager

4 - 12 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)

₹5.8 L/yr - ₹7.4 L/yr

Operations Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5.38 L/yr

Team Manager Salary

(6 salaries)

₹5.1 L/yr - ₹8.08 L/yr

Branch Manager Salary

(6 salaries)

₹5.9 L/yr - ₹8.6 L/yr

Deputy Manager Salary

(216 salaries)

₹2.95 L/yr - ₹7 L/yr

Sales Manager Salary

(7 salaries)

₹4.25 L/yr - ₹6.5 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 L/yr

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Operations Executive Salary

(6 salaries)

₹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

Business Relationship Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Mar 2025

3.0

for Salary and Benefits

Likes

If a person spent 1 year here that employee can gather huge knoledge about general insurance..the training procedure is really awsome.

Skill development - Excellent

+2 more

Dislikes

Work life balance and the supervisor behaviour is too much pathetic.

Promotions - Poor

+2 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

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Salary Discussions, Hike & Promotions

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 Mahindra General Insurance Assistant Manager Salary FAQs

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

The average salary of a Assistant Manager at Kotak Mahindra General Insurance in India typically ranges from ₹1.3 Lakhs to ₹4.8 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Assistant Manager at Kotak Mahindra General Insurance earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Assistant Manager Salaries at Kotak Mahindra General 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 200+ Kotak Mahindra General Insurance employees in India.

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 in India typically ranges from ₹26,845 to ₹28,256 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from Fresher to 8 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 200+ salaries received from various employees of Kotak Mahindra General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Assistant Manager at Kotak Mahindra General Insurance ?

To be a Assistant Manager at Kotak Mahindra General Insurance in india, the key skills required include:

- General Insurance
- Channel Partners
- Direct Sales
- Retail Sales
- Bancassurance

These skills are highly valued at Kotak Mahindra General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra General Insurance for Assistant Manager in India?

MetLife	₹8.0 Lakhs to ₹30.0 Lakhs per year
Principal Global Services	₹13.0 Lakhs to ₹21.0 Lakhs per year
United India Insurance Company	₹7.0 Lakhs to ₹22.0 Lakhs per year
AXA Business Services	₹6.8 Lakhs to ₹23.6 Lakhs per year
The New India Assurance Co.	₹10.0 Lakhs to ₹19.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra General Insurance, depending on the role and experience level.

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

The salary of a Assistant Manager at companies similar to Kotak Mahindra General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Empower	₹9.8 Lakhs to ₹16.5 Lakhs per year
XL Catlin	₹6.5 Lakhs to ₹16.0 Lakhs per year
Marsh India Insurance Brokers	₹4.2 Lakhs to ₹15.6 Lakhs per year
Maruti Suzuki Insurance Broking	₹7.0 Lakhs to ₹13.5 Lakhs per year
Future Generali India Life Insurance	₹3.5 Lakhs to ₹13.0 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 Assistant Manager at Kotak Mahindra General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.4 Lakhs to ₹4.0 Lakhs per year
1 year	₹1.3 Lakhs to ₹4.0 Lakhs per year
2 years	₹2.0 Lakhs to ₹4.5 Lakhs per year
3 years	₹1.5 Lakhs to ₹4.5 Lakhs per year

and so on.

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Kotak Mahindra General Insurance Assistant Manager Salaries by Location

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Kotak Mahindra General Insurance Assistant Manager Salaries

Kotak Mahindra General Insurance Assistant Manager salary in India ranges between ₹1.3 Lakh to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 290 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

Salary related reviews for Kotak Mahindra General Insurance

Chief Manager in Mumbai

Assistant Manager in Mumbai

Business Relationship Manager in Kolkata

Relationship Manager in Raipur

Assistant Manager in Mumbai

Kotak Mahindra General Insurance Assistant Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra General Insurance Assistant Manager Salaries by Location