Kotak Mahindra General Insurance Chief Manager Salaries by 40+ Employees (Updated 2025)

10 - 19 years exp.

₹8.3 Lakhs - ₹18.5 Lakhs

Salary of majority employees

33% less than the average Chief Manager Salary in Insurance Companies for 10 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 10 - 19 years exp. (19 salaries)	₹8.3 L/yr - ₹17.5 L/yr
Sales & Business Development Chief Manager Salary 12 - 18 years exp. (12 salaries)	₹12.5 L/yr - ₹18 L/yr
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Engineering - Software & QA Chief Manager Salary 12 - 13 years exp. (3 salaries)	₹14.6 L/yr - ₹18 L/yr
Finance & Accounting Chief Manager Salary 14 - 15 years exp. (3 salaries)	₹15 L/yr - ₹18.5 L/yr

Last Updated: 24 Jan 2025

Companies similar to Kotak Mahindra General Insurance for Chief Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (439 salaries)	₹9.5 L/yr - ₹22 L/yr 10% more
Reliance General Insurance Chief Manager Salary 10 - 20 years exp. (48 salaries)	₹8.1 L/yr - ₹24 L/yr 6% more
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Tata AIG Chief Manager Salary 1 - 14 years exp. (273 salaries)	₹8.8 L/yr - ₹24 L/yr 14% more
SBI General Insurance Chief Manager Salary 4 - 20 years exp. (58 salaries)	₹11.5 L/yr - ₹27 L/yr 15% more
Kotak Mahindara Life Insurance Chief Manager Salary 0 - 17 years exp. (483 salaries)	₹5 L/yr - ₹18.5 L/yr 27% less
HDFC Life Chief Manager Salary 5 - 20 years exp. (216 salaries)	₹11.1 L/yr - ₹30 L/yr 54% more
ICICI Prudential Life Insurance Chief Manager Salary 7 - 22 years exp. (72 salaries)	₹14.5 L/yr - ₹40 L/yr 83% more
Aditya Birla Health Insurance Co Chief Manager Salary 5 - 19 years exp. (62 salaries)	₹12 L/yr - ₹36.5 L/yr 56% more
Edelweiss Life Insurance Chief Manager Salary 4 - 18 years exp. (50 salaries)	₹11 L/yr - ₹25 L/yr 8% more
Cholamandalam MS General Insurance Chief Manager Salary 8 - 22 years exp. (20 salaries)	₹19 L/yr - ₹30 L/yr 63% more
Pramerica Life Insurance Chief Manager Salary 8 - 21 years exp. (12 salaries)	₹19.9 L/yr - ₹30 L/yr 56% more
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MetLife Chief Manager Salary 3 - 22 years exp. (4 salaries)	₹1 L/yr - ₹31.9 L/yr 9% more
Bharti AXA Life Insurance Chief Manager Salary 14 - 20 years exp. (4 salaries)	₹11.6 L/yr - ₹15 L/yr 15% less

Chief Manager salary at Kotak Mahindra General Insurance ranges between ₹8.3 Lakhs to ₹18.5 Lakhs per year for employees with experience between 10 years to 19 years. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Chief Manager salaries

Last Updated: 24 Jan 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹16 L/yr
11 years (6 salaries)	₹8.3 L/yr - ₹14.8 L/yr
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12 years (8 salaries)	₹12 L/yr - ₹18 L/yr
13 years (7 salaries)	₹12.5 L/yr - ₹17 L/yr
14 years (9 salaries)	₹12.7 L/yr - ₹18 L/yr
15+ years (14 salaries)	₹11.5 L/yr - ₹18.5 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Area Manager Salary

(5 salaries)

₹10.3 L/yr - ₹17 L/yr

Sales Manager Salary

(7 salaries)

₹4.25 L/yr - ₹6.5 L/yr

Cluster Manager Salary

(4 salaries)

₹5.3 L/yr - ₹7.7 L/yr

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Deputy Manager Salary

(187 salaries)

₹2.95 L/yr - ₹7.12 L/yr

Operations Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5.38 L/yr

Area Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹17.3 L/yr

Sales Officer Salary

(4 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Area Head Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Top skills at Kotak Mahindra General Insurance for Chief Manager

Channel Sales Bancassurance Sales

Salary related reviews for Kotak Mahindra General Insurance

3.4

Rated by 14 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

Assistant Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 06 Feb 2025

1.0

for Salary and Benefits

Likes

There's nothing to like

Dislikes

Everything...no work life balance No appraisal, no matter how much you give your efforts it's a waste. Here no body care about your health or your hard work. Only favourite ppls will get everything they want.

Salary - Bad

+6 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

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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 Chief Manager Salary FAQs

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

Chief Manager salary at Kotak Mahindra General Insurance in India ranges between ₹8.3 Lakhs to ₹18.5 Lakhs for experience between 10 years to 19 years. According to our estimates it is 33% less than the average Chief Manager Salary in India. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindra General Insurance India.

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

The average salary of a Chief Manager at Kotak Mahindra General Insurance is 33% less than the average salary of a Chief Manager in India. To know exact salary insights, login to view.

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

Channel Sales, Bancassurance and Sales are some of the popular skills required to work as a Chief Manager at Kotak Mahindra General Insurance India.

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

ICICI Prudential Life Insurance Chief Manager Salary - ₹14.5 Lakhs to ₹40.0 Lakhs per year
Cholamandalam MS General Insurance Chief Manager Salary - ₹19.0 Lakhs to ₹30.0 Lakhs per year
Pramerica Life Insurance Chief Manager Salary - ₹19.9 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Health Insurance Co Chief Manager Salary - ₹12.0 Lakhs to ₹36.5 Lakhs per year
HDFC Life Chief Manager Salary - ₹11.1 Lakhs to ₹30.0 Lakhs per year

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

SBI General Insurance Chief Manager Salary - ₹11.5 Lakhs to ₹27.0 Lakhs per year
Tata AIG Chief Manager Salary - ₹8.8 Lakhs to ₹24.0 Lakhs per year
ICICI Lombard General Insurance Company Chief Manager Salary - ₹9.5 Lakhs to ₹22.0 Lakhs per year
MetLife Chief Manager Salary - ₹1.0 Lakhs to ₹31.9 Lakhs per year
Edelweiss Life Insurance Chief Manager Salary - ₹11.0 Lakhs to ₹25.0 Lakhs per year

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

The estimated take-home salary of a Chief Manager at Kotak Mahindra General Insurance ranges between ₹1,02,012 per month to ₹1,04,798 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Chief Manager salary in India which ranges between ₹8.3 Lakhs to ₹18.5 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 Chief Manager at Kotak Mahindra General Insurance?

According to AmbitionBox, 77% of the Kotak Mahindra General Insurance Chief Managers reported a notice period of 3 Months, 20% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 39 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Chief Manager Salaries

Kotak Mahindra General Insurance Chief Manager salary in India ranges between ₹8.3 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 46 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.