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3.8

based on 210 Reviews

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Kotak Mahindra General Insurance Assistant Manager salaries in Mumbai

Annual salary range
1 - 8 years exp.
₹1.3 Lakh - ₹4.7 Lakhs
Salary of majority employees
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57% less than the average Assistant Manager Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

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1 - 8 years exp. (47 salaries)
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₹2.1 L/yr - ₹4.5 L/yr

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1 - 8 years exp. (27 salaries)
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₹2 L/yr - ₹4.2 L/yr

Finance & Accounting
Assistant Manager Salary
2 - 7 years exp. (11 salaries)
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₹2.7 L/yr - ₹4.2 L/yr

Sales & Business Development
Assistant Manager Salary
1 - 5 years exp. (8 salaries)
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₹1.5 L/yr - ₹4.4 L/yr

Quality Assurance
Assistant Manager Salary
3 - 6 years exp. (5 salaries)
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₹2.4 L/yr - ₹4.7 L/yr

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Last Updated: 8 Jan 2025

Companies similar to Kotak Mahindra General Insurance for Assistant Manager in Mumbai

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Kotak Mahindra General Insurance Assistant Manager Salary

1 - 8 years exp. (130 salaries)

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₹1.3 L/yr - ₹4.7 L/yr

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Assistant Manager salary at Kotak Mahindra General Insurance ranges between ₹1.3 Lakh to ₹4.7 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 130 latest salaries received from various employees of Kotak Mahindra General Insurance.

Latest annual salaries shared by Kotak Mahindra General Insurance Assistant Manager in Mumbai

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Experience wise Kotak Mahindra General Insurance Assistant Manager salaries in Mumbai

Last Updated: 8 Jan 2025

Experience Avg Annual Salary
1 year  (8 salaries)

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₹1.3 L/yr - ₹4 L/yr
2 years  (17 salaries)

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₹2 L/yr - ₹4.5 L/yr
3 years  (31 salaries)

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₹1.5 L/yr - ₹4.3 L/yr
4 years  (25 salaries)

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₹2.2 L/yr - ₹4.4 L/yr
5 years  (26 salaries)

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₹2.3 L/yr - ₹4 L/yr
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Kotak Mahindra General Insurance Assistant Manager Salary and Career Growth

From

To

Assistant Manager

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1 - 8 years exp.

Deputy Manager

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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

Deputy Manager Salary
(66 salaries)
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₹3 L/yr - ₹7.12 L/yr
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₹2.35 L/yr - ₹4.25 L/yr
Team Lead Salary
(4 salaries)
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₹4.2 L/yr - ₹6.1 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

3.1

Rated by 9 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 02 Jan 2025

1.0
 for  Salary and Benefits

Likes

Nothing

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.

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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

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Dislikes

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

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.

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.

read more

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

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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Full Time

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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

Dislikes

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

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Kotak Mahindra General Insurance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Kotak Mahindra General Insurance Mumbai?
Assistant Manager salary at Kotak Mahindra General Insurance in Mumbai ranges between ₹1.3 Lakhs to ₹4.7 Lakhs for experience between 1 years to 8 years. According to our estimates it is 57% less than the average Assistant Manager Salary in India. Salary estimates are based on 130 latest salaries received from various employees of Kotak Mahindra General Insurance Mumbai.
How does the salary of a Assistant Manager at Kotak Mahindra General Insurance Mumbai compare with the average salary range for this job?
The average salary of a Assistant Manager at Kotak Mahindra General Insurance is 57% less than the average salary of a Assistant Manager in Mumbai. 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 Mumbai.
Which similar companies are paying more than Kotak Mahindra General Insurance to a Assistant Manager in Mumbai?
  • United India Insurance Company Assistant Manager Salary - ₹11.0 Lakhs to ₹19.0 Lakhs per year
  • The New India Assurance Co. Assistant Manager Salary - ₹11.0 Lakhs to ₹18.0 Lakhs per year
  • National Insurance Company Assistant Manager Salary - ₹11.0 Lakhs to ₹16.5 Lakhs per year
  • AXA Business Services Assistant Manager Salary - ₹7.5 Lakhs to ₹16.5 Lakhs per year
  • Marsh India Insurance Brokers Assistant Manager Salary - ₹5.4 Lakhs to ₹17.0 Lakhs per year
What is the salary of a Assistant Manager in companies similar to Kotak Mahindra General Insurance in Mumbai?
  • Future Generali India Life Insurance Assistant Manager Salary - ₹4.1 Lakhs to ₹12.0 Lakhs per year
  • Bajaj Allianz General Insurance Assistant Manager Salary - ₹5.2 Lakhs to ₹9.8 Lakhs per year
  • Bharti AXA Life Insurance Assistant Manager Salary - ₹3.5 Lakhs to ₹11.5 Lakhs per year
  • Tata AIG Assistant Manager Salary - ₹5.0 Lakhs to ₹7.3 Lakhs per year
  • Medi Assist India Assistant Manager Salary - ₹3.5 Lakhs to ₹9.6 Lakhs per year
What is the estimated take home salary of a Assistant Manager at Kotak Mahindra General Insurance in Mumbai?
The estimated take-home salary of a Assistant Manager at Kotak Mahindra General Insurance ranges between ₹25,948 per month to ₹27,372 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Assistant Manager salary in India which ranges between ₹1.3 Lakhs to ₹4.7 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 in Mumbai?
According to AmbitionBox, 62% of the Kotak Mahindra General Insurance Assistant Managers in Mumbai reported a notice period of 3 Months, 15% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 77 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Assistant Manager salary in Mumbai ranges between ₹1.3 Lakh to ₹4.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 130 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.