Kotak Mahindra General Insurance AVP Salaries by 5 Employees (Updated 2025)

10 - 19 years exp.

₹20 Lakhs - ₹31 Lakhs

Salary of majority employees

20% less than the average AVP Salary in Insurance Companies for 10 - 19 years of experience

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Salaries in different departments

Sales & Business Development AVP Salary 18 - 19 years exp. (AmbitionBox Estimate)	₹29 L/yr - ₹31 L/yr
Project & Program Management AVP Salary 14 years exp. (AmbitionBox Estimate)	₹21.6 L/yr - ₹26.4 L/yr
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Legal & Regulatory AVP Salary 10 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹22 L/yr

Last Updated: 26 Dec 2024

Companies similar to Kotak Mahindra General Insurance for AVP

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company AVP Salary 11 - 18 years exp. (23 salaries)	₹16 L/yr - ₹39 L/yr 2% more
HDFC Ergo General Insurance AVP Salary 10 - 18 years exp. (28 salaries)	₹13.5 L/yr - ₹32 L/yr 15% less
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Bajaj Allianz General Insurance AVP Salary 18 - 22 years exp. (5 salaries)	₹30 L/yr - ₹40.5 L/yr 45% more
Reliance General Insurance AVP Salary 10 - 17 years exp. (6 salaries)	₹17.5 L/yr - ₹35 L/yr 18% more
Tata AIG AVP Salary 15 - 20 years exp. (4 salaries)	₹18 L/yr - ₹25 L/yr 14% less
SBI General Insurance AVP Salary 17 - 25 years exp. (6 salaries)	₹20 L/yr - ₹31 L/yr 1% more
Future Generali India Life Insurance AVP Salary 9 - 19 years exp. (10 salaries)	₹20 L/yr - ₹37 L/yr 16% more
HDFC Life AVP Salary 15 - 23 years exp. (18 salaries)	₹22 L/yr - ₹53 L/yr 42% more
Kotak Mahindara Life Insurance AVP Salary 7 - 22 years exp. (18 salaries)	₹6.6 L/yr - ₹22.5 L/yr 36% less
Swiss Re AVP Salary 9 - 15 years exp. (15 salaries)	₹19 L/yr - ₹42.5 L/yr 30% more
Bharti AXA Life Insurance AVP Salary 3 - 18 years exp. (9 salaries)	₹16 L/yr - ₹35 L/yr 25% more
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Digit Insurance AVP Salary 5 - 20 years exp. (7 salaries)	₹17 L/yr - ₹27.8 L/yr At par
Marsh India Insurance Brokers AVP Salary 10 - 16 years exp. (6 salaries)	₹14 L/yr - ₹35 L/yr 6% more
Medi Assist India AVP Salary 11 - 18 years exp. (6 salaries)	₹13 L/yr - ₹24 L/yr 19% less
MetLife AVP Salary 12 - 20 years exp. (4 salaries)	₹66 L/yr - ₹95 L/yr 237% more
Aditya Birla Health Insurance Co AVP Salary 10 - 15 years exp. (4 salaries)	₹31 L/yr - ₹36.5 L/yr 41% more

AVP salary at Kotak Mahindra General Insurance ranges between ₹20 Lakhs to ₹31 Lakhs per year for employees with experience between 10 years to 19 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance AVP salaries

Last Updated: 26 Dec 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹20 L/yr - ₹20 L/yr
11 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
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12 years (AmbitionBox Estimate)	₹18.8 L/yr - ₹24 L/yr
13 years (AmbitionBox Estimate)	₹19.9 L/yr - ₹25.4 L/yr
14 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹24 L/yr
15+ years (3 salaries)	₹20 L/yr - ₹31 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary

(203 salaries)

₹2.95 L/yr - ₹7.25 L/yr

Chief Manager Salary

(47 salaries)

₹8.3 L/yr - ₹18.5 L/yr

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 L/yr

Associate Vice President Salary

(22 salaries)

₹8 L/yr - ₹26.7 L/yr

Management Trainee Salary

(12 salaries)

₹3 L/yr - ₹4 L/yr

Business Relationship Manager Salary

(11 salaries)

₹2.7 L/yr - ₹5 L/yr

MIS Executive Salary

(8 salaries)

₹1.9 L/yr - ₹2.5 L/yr

Customer Service Executive Salary

(7 salaries)

₹3 L/yr - ₹5.8 L/yr

Deputy Chief Manager Salary

(6 salaries)

₹13 L/yr - ₹16.9 L/yr

Team Manager Salary

(6 salaries)

₹5.1 L/yr - ₹8.08 L/yr

Salary related reviews for Kotak Mahindra General Insurance

2.0

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

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Kotak Mahindra General Insurance AVP Salary FAQs

What is the salary of AVP at Kotak Mahindra General Insurance?

AVP salary at Kotak Mahindra General Insurance in India ranges between ₹20.0 Lakhs to ₹31.0 Lakhs for experience between 10 years to 19 years. According to our estimates it is 20% less than the average AVP Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra General Insurance India.

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

The average salary of a AVP at Kotak Mahindra General Insurance is 20% less than the average salary of a AVP in India. To know exact salary insights, login to view.

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

MetLife AVP Salary - ₹66.0 Lakhs to ₹95.0 Lakhs per year
Bajaj Allianz General Insurance AVP Salary - ₹30.0 Lakhs to ₹40.5 Lakhs per year
HDFC Life AVP Salary - ₹22.0 Lakhs to ₹53.0 Lakhs per year
Aditya Birla Health Insurance Co AVP Salary - ₹31.0 Lakhs to ₹36.5 Lakhs per year
Swiss Re AVP Salary - ₹19.0 Lakhs to ₹42.5 Lakhs per year

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

Bharti AXA Life Insurance AVP Salary - ₹16.0 Lakhs to ₹35.0 Lakhs per year
Reliance General Insurance AVP Salary - ₹17.5 Lakhs to ₹35.0 Lakhs per year
Future Generali India Life Insurance AVP Salary - ₹20.0 Lakhs to ₹37.0 Lakhs per year
Marsh India Insurance Brokers AVP Salary - ₹14.0 Lakhs to ₹35.0 Lakhs per year
ICICI Lombard General Insurance Company AVP Salary - ₹16.0 Lakhs to ₹39.0 Lakhs per year

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

The estimated take-home salary of a AVP at Kotak Mahindra General Insurance ranges between ₹1,53,793 per month to ₹1,59,610 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance AVP salary in India which ranges between ₹20.0 Lakhs to ₹31.0 Lakhs per year for employees with experience between 10 years to 19 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 75% of the Kotak Mahindra General Insurance AVPs reported a notice period of 3 Months, 25% reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance AVP Salaries

Kotak Mahindra General Insurance AVP salary in India ranges between ₹20 Lakhs to ₹31 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.