Kotak Mahindra General Insurance Mumbai Chief Manager Salaries by 20+ Employees (Updated 2025)

10 - 18 years exp.

₹8.3 Lakhs - ₹18.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

29% less than the average Chief Manager Salary in Insurance Companies for 10 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Chief Manager Salary 11 - 18 years exp. (10 salaries)	₹8.3 L/yr - ₹17.5 L/yr
Engineering - Software & QA Chief Manager Salary 12 - 13 years exp. (3 salaries)	₹16.5 L/yr - ₹18 L/yr
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Finance & Accounting Chief Manager Salary 14 - 15 years exp. (3 salaries)	₹15 L/yr - ₹18.5 L/yr
Sales & Business Development Chief Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹12.5 L/yr - ₹16.2 L/yr

Last Updated: 16 Mar 2025

Companies similar to Kotak Mahindra General Insurance for Chief Manager in Mumbai

Kotak Mahindra General Insurance Chief Manager Salary

10 - 18 years exp. (23 salaries)

₹8.3 L/yr - ₹18.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Chief Manager Salary 0 - 17 years exp. (259 salaries)	₹5.5 L/yr - ₹18.5 L/yr 23% less
ICICI Lombard General Insurance Company Chief Manager Salary 3 - 19 years exp. (208 salaries)	₹10 L/yr - ₹23 L/yr 6% more
Login to view exact salary
HDFC Life Chief Manager Salary 5 - 20 years exp. (162 salaries)	₹14 L/yr - ₹31 L/yr 49% more	2 job openings
ICICI Prudential Life Insurance Chief Manager Salary 9 - 22 years exp. (56 salaries)	₹14.5 L/yr - ₹40 L/yr 75% more
Aditya Birla Health Insurance Co Chief Manager Salary 2 - 20 years exp. (48 salaries)	₹13.3 L/yr - ₹36.2 L/yr 58% more
Edelweiss Life Insurance Chief Manager Salary 4 - 18 years exp. (37 salaries)	₹11 L/yr - ₹25 L/yr 8% more
Cholamandalam MS General Insurance Chief Manager Salary 11 - 20 years exp. (5 salaries)	₹20 L/yr - ₹24.3 L/yr 47% more
Aditya Birla Insurance Brokers Chief Manager Salary 6 - 18 years exp. (5 salaries)	₹20.9 L/yr - ₹26 L/yr 35% more

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 18 years. Salary estimates are based on 23 latest salaries received from various employees of Kotak Mahindra General Insurance.

Latest annual salaries shared by Kotak Mahindra General Insurance Chief Manager in Mumbai

2w ago

₹17.5 Lakhs

14 years exp.

6mo ago

₹18.5 Lakhs

15 years exp.

7mo ago

₹13 Lakhs

11 years exp.

9mo ago

₹12.5 Lakhs

13 years exp.

11mo ago

₹11.5 Lakhs

18 years exp.

11mo ago

12 years exp.

1y ago

13 years exp.

1y ago

13 years exp.

1y ago

15 years exp.

1y ago

13 years exp.

Experience wise Kotak Mahindra General Insurance Chief Manager salaries in Mumbai

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
11 years (4 salaries)	₹8.3 L/yr - ₹27.2 L/yr
Login to view exact salary
12 years (3 salaries)	₹12.5 L/yr - ₹18 L/yr
13 years (5 salaries)	₹12.5 L/yr - ₹16.5 L/yr
14 years (4 salaries)	₹13.5 L/yr - ₹17.5 L/yr
15+ years (6 salaries)	₹11.5 L/yr - ₹18.5 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary

(82 salaries)

₹3 L/yr - ₹7 L/yr

Top skills at Kotak Mahindra General Insurance for Chief Manager

Channel Sales Bancassurance Sales

Salary related reviews for Kotak Mahindra General Insurance

1.7

Rated by 5 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

Business Relationship Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Mar 2025

3.0

for Salary and Benefits

Likes

If a person spent 1 year here that employee can gather huge knoledge about general insurance..the training procedure is really awsome.

Skill development - Excellent

+2 more

Dislikes

Work life balance and the supervisor behaviour is too much pathetic.

Promotions - Poor

+2 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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Kotak Mahindra General Insurance Chief Manager Salary FAQs

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

The average salary of a Chief Manager at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹8.3 Lakhs to ₹18.5 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of Chief Manager in Mumbai at Kotak Mahindra General Insurance earn more than ₹17.6 Lakhs per year, and the top 1% earn over ₹18.5 Lakhs per year. Chief Manager Salaries at Kotak Mahindra General Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 20+ Kotak Mahindra General Insurance employees in India.

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

The estimated take-home salary of a Chief Manager at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹1,07,773 to ₹1,10,745 per month. This is based on the average salary range of ₹8.3 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from 10 years to 18 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 20+ salaries received from various employees of Kotak Mahindra General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Chief Manager at Kotak Mahindra General Insurance in Mumbai?

To be a Chief Manager at Kotak Mahindra General Insurance in Mumbai, the key skills required include:

- Channel Sales
- Bancassurance
- Sales

These skills are highly valued at Kotak Mahindra General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra General Insurance for Chief Manager in India?

ICICI Prudential Life Insurance	₹14.5 Lakhs to ₹40.0 Lakhs per year
Aditya Birla Health Insurance Co	₹13.3 Lakhs to ₹36.2 Lakhs per year
HDFC Life	₹14.0 Lakhs to ₹31.0 Lakhs per year
Cholamandalam MS General Insurance	₹20.0 Lakhs to ₹24.3 Lakhs per year
Aditya Birla Insurance Brokers	₹20.9 Lakhs to ₹26.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra General Insurance, depending on the role and experience level.

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

The salary of a Chief Manager at companies similar to Kotak Mahindra General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Edelweiss Life Insurance	₹11.0 Lakhs to ₹25.0 Lakhs per year
ICICI Lombard General Insurance Company	₹10.0 Lakhs to ₹23.0 Lakhs per year
Kotak Mahindara Life Insurance	₹5.5 Lakhs to ₹18.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Chief Manager at Kotak Mahindra General Insurance in Mumbai?

The salary growth for a Chief Manager at Kotak Mahindra General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Chief Manager in Mumbai can expect the following growth trajectory at Kotak Mahindra General Insurance:

Experience	Average Salary Range
10 years	₹13.5 Lakhs to ₹17.2 Lakhs per year
11 years	₹8.3 Lakhs to ₹27.2 Lakhs per year
12 years	₹12.5 Lakhs to ₹18.0 Lakhs per year
13 years	₹12.5 Lakhs to ₹16.5 Lakhs per year

and so on.

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Kotak Mahindra General Insurance Chief Manager Salaries in Mumbai

Kotak Mahindra General Insurance Chief Manager salary in Mumbai ranges between ₹8.3 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.

Kotak Mahindra General Insurance Chief Manager salaries in Mumbai (Updated 2025)

Companies similar to Kotak Mahindra General Insurance for Chief Manager in Mumbai

Latest annual salaries shared by Kotak Mahindra General Insurance Chief Manager in Mumbai

Experience wise Kotak Mahindra General Insurance Chief Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra General Insurance

Top skills at Kotak Mahindra General Insurance for Chief Manager

Salary related reviews for Kotak Mahindra General Insurance

Chief Manager in Mumbai

Assistant Manager in Mumbai

Business Relationship Manager in Kolkata

Relationship Manager in Raipur

Assistant Manager in Mumbai

Kotak Mahindra General Insurance Chief Manager Salary FAQs

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