Kotak Mahindra General Insurance Mumbai Associate Salaries by 10+ Employees (Updated 2024)

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 0 - 8 years exp. (62 salaries)	₹1.7 L/yr - ₹5 L/yr 65% more	1 job opening
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Tata AIG Associate Salary 0 - 6 years exp. (39 salaries)	₹1.6 L/yr - ₹3 L/yr 10% less
Future Generali India Life Insurance Associate Salary 2 - 6 years exp. (14 salaries)	₹1.5 L/yr - ₹4 L/yr 17% more
ICICI Prudential Life Insurance Associate Salary 0 - 7 years exp. (135 salaries)	₹1.7 L/yr - ₹4.4 L/yr 48% more
HDFC Life Associate Salary 0 - 4 years exp. (132 salaries)	₹1.1 L/yr - ₹3.3 L/yr 14% less
Aditya Birla Health Insurance Co Associate Salary 0 - 8 years exp. (36 salaries)	₹1.8 L/yr - ₹5.2 L/yr 36% more
Kotak Mahindara Life Insurance Associate Salary 0 - 6 years exp. (34 salaries)	₹1.2 L/yr - ₹2.6 L/yr 15% less
Edelweiss Tokio Life Insurance Associate Salary 0 - 8 years exp. (7 salaries)	₹2 L/yr - ₹8.1 L/yr 109% more
Bharti AXA Life Insurance Associate Salary 2 - 6 years exp. (6 salaries)	₹1.4 L/yr - ₹3.7 L/yr 36% more
Swiss Re Associate Salary 1 - 6 years exp. (3 salaries)	₹10 L/yr - ₹15 L/yr 418% more
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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

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

Dislikes

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

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.

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.

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

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

Dislikes

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

Sales Officer in Bhubaneswar

Other Department

4.0

• posted on 12 Oct 2019

4.0

for Salary and Benefits

Likes

I like to working about Kotak Mahindra General Insurance Co Ltd because this is the best platform about carrier buildup and have much more opportunity so i like to work in Kotak Mahindra General Insurance Co Ltd.

Dislikes

I dislike about working at Kotak Mahindra General Insurance Co Ltd is not gossiping team member each other and also not any politics

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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
Edelweiss Tokio Life Insurance Associate Salary - ₹2.0 Lakhs to ₹8.1 Lakhs per year
HDFC Ergo General Insurance Associate Salary - ₹1.7 Lakhs to ₹5.0 Lakhs per year
ICICI Prudential Life Insurance Associate Salary - ₹1.7 Lakhs to ₹4.4 Lakhs per year
Bharti AXA Life Insurance Associate Salary - ₹1.4 Lakhs to ₹3.7 Lakhs per year

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

Aditya Birla Health Insurance Co Associate Salary - ₹1.8 Lakhs to ₹5.2 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
HDFC Life Associate Salary - ₹1.1 Lakhs to ₹3.3 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.