Kotak Mahindra General Insurance Mumbai Associate Salaries by 10+ Employees (Updated 2025)

0 - 5 years exp.

₹1.5 Lakh - ₹2.9 Lakhs

Salary of majority employees

70% less than the average Associate Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Salary 0 - 5 years exp. (4 salaries)	₹1.5 L/yr - ₹2.9 L/yr
Customer Success, Service & Operations Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.8 L/yr
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Finance & Accounting Associate Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹1.9 L/yr

Last Updated: 30 May 2024

Companies similar to Kotak Mahindra General Insurance for Associate in Mumbai

Kotak Mahindra General Insurance Associate Salary

0 - 5 years exp. (11 salaries)

₹1.5 L/yr - ₹2.9 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Associate Salary 0 - 6 years exp. (20 salaries)	₹1.1 L/yr - ₹3.3 L/yr 8% more
HDFC Ergo General Insurance Associate Salary 1 - 7 years exp. (57 salaries)	₹1.8 L/yr - ₹5.2 L/yr 64% more
Login to view exact salary
Tata AIG Associate Salary 0 - 6 years exp. (44 salaries)	₹1.6 L/yr - ₹3 L/yr 4% less
Future Generali India Life Insurance Associate Salary 1 - 6 years exp. (15 salaries)	₹1.5 L/yr - ₹4 L/yr 17% more
ICICI Prudential Life Insurance Associate Salary 0 - 7 years exp. (141 salaries)	₹1.7 L/yr - ₹4.4 L/yr 44% more
HDFC Life Associate Salary 0 - 4 years exp. (127 salaries)	₹1.1 L/yr - ₹3.3 L/yr 13% less
Aditya Birla Health Insurance Co Associate Salary 1 - 8 years exp. (31 salaries)	₹2.2 L/yr - ₹4 L/yr 34% more
Kotak Mahindara Life Insurance Associate Salary 1 - 7 years exp. (27 salaries)	₹1.3 L/yr - ₹2.6 L/yr 12% less
Bharti AXA Life Insurance Associate Salary 2 - 6 years exp. (6 salaries)	₹1.4 L/yr - ₹3.7 L/yr 36% more
Edelweiss Life Insurance Associate Salary 0 - 11 years exp. (6 salaries)	₹2 L/yr - ₹7 L/yr 98% more
Swiss Re Associate Salary 1 - 6 years exp. (3 salaries)	₹10 L/yr - ₹15 L/yr 467% more
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Digit Insurance Associate Salary 4 - 9 years exp. (3 salaries)	₹5 L/yr - ₹5.3 L/yr 117% more	1 job opening

Associate salary at Kotak Mahindra General Insurance ranges between ₹1.5 Lakh to ₹2.9 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Associate salaries in Mumbai

Last Updated: 30 May 2024

Experience	Avg Annual Salary
Fresher (4 salaries)	₹1.5 L/yr - ₹2.8 L/yr
1 year (5 salaries)	₹1.6 L/yr - ₹2.8 L/yr
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2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
3 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
4 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹1 L/yr - ₹2.9 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Team Lead Salary

(4 salaries)

₹4.2 L/yr - ₹6.1 L/yr

Top skills at Kotak Mahindra General Insurance for Associate

General Insurance Direct Sales Channel Partners Retail Sales

Salary related reviews for Kotak Mahindra General Insurance

5.0

Rated by 1 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

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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Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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Kotak Mahindra General Insurance Associate Salary FAQs

What is the salary of Associate at Kotak Mahindra General Insurance Mumbai?

Associate salary at Kotak Mahindra General Insurance in Mumbai ranges between ₹1.5 Lakhs to ₹2.9 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 70% less than the average Associate Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra General Insurance Mumbai.

How does the salary of a Associate at Kotak Mahindra General Insurance Mumbai compare with the average salary range for this job?

The average salary of a Associate at Kotak Mahindra General Insurance is 70% less than the average salary of a Associate in Mumbai. To know exact salary insights, login to view.

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

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

Which similar companies are paying more than Kotak Mahindra General Insurance to a Associate in Mumbai?

Swiss Re Associate Salary - ₹10.0 Lakhs to ₹15.0 Lakhs per year
Digit Insurance Associate Salary - ₹5.0 Lakhs to ₹5.3 Lakhs per year
Edelweiss Life Insurance Associate Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
HDFC Ergo General Insurance Associate Salary - ₹1.8 Lakhs to ₹5.2 Lakhs per year
ICICI Prudential Life Insurance Associate Salary - ₹1.7 Lakhs to ₹4.4 Lakhs per year

What is the salary of a Associate in companies similar to Kotak Mahindra General Insurance in Mumbai?

Bharti AXA Life Insurance Associate Salary - ₹1.4 Lakhs to ₹3.7 Lakhs per year
Aditya Birla Health Insurance Co Associate Salary - ₹2.2 Lakhs to ₹4.0 Lakhs per year
Future Generali India Life Insurance Associate Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year
ICICI Lombard General Insurance Company Associate Salary - ₹1.1 Lakhs to ₹3.3 Lakhs per year
Tata AIG Associate Salary - ₹1.6 Lakhs to ₹3.0 Lakhs per year

What is the estimated take home salary of a Associate at Kotak Mahindra General Insurance in Mumbai?

The estimated take-home salary of a Associate at Kotak Mahindra General Insurance ranges between ₹16,327 per month to ₹18,009 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Associate salary in India which ranges between ₹1.5 Lakhs to ₹2.9 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Associate at Kotak Mahindra General Insurance in Mumbai?

According to AmbitionBox, 60% of the Kotak Mahindra General Insurance Associates in Mumbai reported a notice period of 1 Month, 20% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Associate Salaries in Mumbai

Kotak Mahindra General Insurance Associate salary in Mumbai ranges between ₹1.5 Lakh to ₹2.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.