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

6 - 7 years exp.

₹3 Lakhs - ₹8.5 Lakhs

Salary of majority employees

6% less than the average Bancassurance Manager Salary in Insurance Companies for 6 - 7 years of experience

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Salaries in different departments

Sales & Business Development Bancassurance Manager Salary 6 - 7 years exp. (3 salaries)	₹4 L/yr - ₹8.5 L/yr
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Customer Success, Service & Operations Bancassurance Manager Salary 7 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.7 L/yr

Last Updated: 2 Aug 2024

Companies similar to Kotak Mahindra General Insurance for Bancassurance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Bancassurance Manager Salary 2 - 11 years exp. (7 salaries)	₹4.2 L/yr - ₹6.3 L/yr 4% less
HDFC Ergo General Insurance Bancassurance Manager Salary 8 - 15 years exp. (10 salaries)	₹6 L/yr - ₹9.5 L/yr 45% more
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Bajaj Allianz General Insurance Bancassurance Manager Salary 0 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹5.3 L/yr 27% less
Reliance General Insurance Bancassurance Manager Salary 1 - 9 years exp. (5 salaries)	₹3 L/yr - ₹8.4 L/yr 1% less
SBI General Insurance Bancassurance Manager Salary 6 - 11 years exp. (4 salaries)	₹4.1 L/yr - ₹7.3 L/yr 13% less
Future Generali India Life Insurance Bancassurance Manager Salary 8 - 12 years exp. (5 salaries)	₹3 L/yr - ₹7.8 L/yr 29% more
HDFC Life Bancassurance Manager Salary 0 - 12 years exp. (1.2k salaries)	₹3 L/yr - ₹7 L/yr 10% more	4 job openings
ICICI Prudential Life Insurance Bancassurance Manager Salary 0 - 10 years exp. (29 salaries)	₹2.7 L/yr - ₹5.5 L/yr 25% less
Kotak Mahindara Life Insurance Bancassurance Manager Salary 1 - 8 years exp. (16 salaries)	₹3.8 L/yr - ₹5.5 L/yr 18% less	7 job openings
Aditya Birla Health Insurance Co Bancassurance Manager Salary 0 - 7 years exp. (7 salaries)	₹3.3 L/yr - ₹4.5 L/yr 21% less
Cholamandalam MS General Insurance Bancassurance Manager Salary 0 - 2 years exp. (6 salaries)	₹3.5 L/yr - ₹3.9 L/yr 26% less
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Edelweiss Life Insurance Bancassurance Manager Salary 0 - 7 years exp. (4 salaries)	₹2.8 L/yr - ₹8 L/yr 10% less
ManipalCigna Health Insurance Bancassurance Manager Salary 5 - 11 years exp. (4 salaries)	₹3.5 L/yr - ₹6.4 L/yr 9% less

Bancassurance Manager salary at Kotak Mahindra General Insurance ranges between ₹3 Lakhs to ₹8.5 Lakhs per year for employees with experience between 6 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Bancassurance Manager salaries

Last Updated: 2 Aug 2024

Experience	Avg Annual Salary
6 years (3 salaries)	₹3 L/yr - ₹6.5 L/yr
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7 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹8.5 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

Cluster Manager Salary

(4 salaries)

₹5.3 L/yr - ₹7.7 L/yr

Sales Manager Salary

(7 salaries)

₹4.25 L/yr - ₹6.5 L/yr

Area Manager Salary

(5 salaries)

₹10.3 L/yr - ₹17 L/yr

Deputy Sales Manager Salary

(3 salaries)

₹4.8 L/yr - ₹5.2 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 L/yr

Deputy Manager Salary

(199 salaries)

₹2.95 L/yr - ₹7.25 L/yr

Assistant Sales Manager Salary

(7 salaries)

₹2.7 L/yr - ₹4.1 L/yr

Senior Relationship Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Relationship Officer Salary

(3 salaries)

₹3 L/yr - ₹4.9 L/yr

Senior Business Development Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Salary related reviews for Kotak Mahindra General Insurance

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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra General Insurance Bancassurance Manager Salary FAQs

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

Bancassurance Manager salary at Kotak Mahindra General Insurance in India ranges between ₹3.0 Lakhs to ₹8.5 Lakhs for experience between 6 years to 7 years. According to our estimates it is 6% less than the average Bancassurance Manager 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 Bancassurance Manager at Kotak Mahindra General Insurance India compare with the average salary range for this job?

The average salary of a Bancassurance Manager at Kotak Mahindra General Insurance is 6% less than the average salary of a Bancassurance Manager in India. To know exact salary insights, login to view.

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

HDFC Ergo General Insurance Bancassurance Manager Salary - ₹6.0 Lakhs to ₹9.5 Lakhs per year
Future Generali India Life Insurance Bancassurance Manager Salary - ₹3.0 Lakhs to ₹7.8 Lakhs per year
HDFC Life Bancassurance Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year

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

Reliance General Insurance Bancassurance Manager Salary - ₹3.0 Lakhs to ₹8.4 Lakhs per year
ICICI Lombard General Insurance Company Bancassurance Manager Salary - ₹4.2 Lakhs to ₹6.3 Lakhs per year
ManipalCigna Health Insurance Bancassurance Manager Salary - ₹3.5 Lakhs to ₹6.4 Lakhs per year
Edelweiss Life Insurance Bancassurance Manager Salary - ₹2.8 Lakhs to ₹8.0 Lakhs per year
SBI General Insurance Bancassurance Manager Salary - ₹4.1 Lakhs to ₹7.3 Lakhs per year

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

The estimated take-home salary of a Bancassurance Manager at Kotak Mahindra General Insurance ranges between ₹38,573 per month to ₹39,760 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Bancassurance Manager salary in India which ranges between ₹3.0 Lakhs to ₹8.5 Lakhs per year for employees with experience between 6 years to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindra General Insurance Bancassurance Managers reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Bancassurance Manager Salaries

Kotak Mahindra General Insurance Bancassurance Manager salary in India ranges between ₹3 Lakhs to ₹8.5 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.