Kotak Mahindra General Insurance Cluster Manager Salaries by 4 Employees (Updated 2025)

7 - 11 years exp.

₹5.3 Lakhs - ₹7.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

34% less than the average Cluster Manager Salary in Insurance Companies for 7 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 7 - 11 years exp. (3 salaries)	₹5.3 L/yr - ₹6 L/yr
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Sales & Business Development Cluster Manager Salary 7 years exp. (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.5 L/yr

Last Updated: 14 Mar 2025

Companies similar to Kotak Mahindra General Insurance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Cluster Manager Salary 5 - 16 years exp. (308 salaries)	₹5.3 L/yr - ₹12.7 L/yr 48% more	1 job opening
Aditya Birla Health Insurance Co Cluster Manager Salary 0 - 11 years exp. (126 salaries)	₹4 L/yr - ₹10.8 L/yr 23% more
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Kotak Mahindara Life Insurance Cluster Manager Salary 6 - 16 years exp. (34 salaries)	₹5 L/yr - ₹15 L/yr 39% more
ICICI Prudential Life Insurance Cluster Manager Salary 5 - 18 years exp. (31 salaries)	₹6.1 L/yr - ₹17.5 L/yr 63% more
Edelweiss Life Insurance Cluster Manager Salary 6 - 17 years exp. (28 salaries)	₹6.6 L/yr - ₹13 L/yr 58% more
HDFC Ergo General Insurance Cluster Manager Salary 5 - 17 years exp. (30 salaries)	₹4 L/yr - ₹15 L/yr 53% more
Future Generali India Life Insurance Cluster Manager Salary 7 - 15 years exp. (21 salaries)	₹4 L/yr - ₹11.2 L/yr 16% more
Cholamandalam MS General Insurance Cluster Manager Salary 5 - 17 years exp. (17 salaries)	₹6.5 L/yr - ₹10 L/yr 45% more
ICICI Lombard General Insurance Company Cluster Manager Salary 2 - 12 years exp. (15 salaries)	₹3.8 L/yr - ₹11 L/yr 33% more
Bharti AXA Life Insurance Cluster Manager Salary 8 - 23 years exp. (6 salaries)	₹5.1 L/yr - ₹21.5 L/yr 127% more
IndiaFirst Life Insurance Cluster Manager Salary 8 - 19 years exp. (3 salaries)	₹5.4 L/yr - ₹13.8 L/yr 35% more
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Cluster Manager salary at Kotak Mahindra General Insurance ranges between ₹5.3 Lakhs to ₹7.7 Lakhs per year for employees with experience between 7 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Cluster Manager salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
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11 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

Area Manager Salary

(5 salaries)

₹10.3 L/yr - ₹17 L/yr

Deputy Manager Salary

(216 salaries)

₹2.95 L/yr - ₹7 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Sales Manager Salary

(7 salaries)

₹4.25 L/yr - ₹6.5 L/yr

Branch Manager Salary

(6 salaries)

₹5.9 L/yr - ₹8.6 L/yr

Area Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹17.3 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 L/yr

Sales Officer Salary

(4 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Assistant Sales Manager Salary

(7 salaries)

₹2.7 L/yr - ₹4.1 L/yr

Area Head Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 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

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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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 Cluster Manager Salary FAQs

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

The average salary of a Cluster Manager at Kotak Mahindra General Insurance in India typically ranges from ₹5.3 Lakhs to ₹7.7 Lakhs per year, depending on experience (from 7 years to 11 years).

The top 10% of Cluster Manager at Kotak Mahindra General Insurance earn more than ₹7.7 Lakhs per year, and the top 1% earn over ₹7.7 Lakhs per year. Cluster 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 4 Kotak Mahindra General Insurance employees in India.

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

The estimated take-home salary of a Cluster Manager at Kotak Mahindra General Insurance in India typically ranges from ₹46,119 to ₹47,212 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹7.7 Lakhs per year for employees with experience ranging from 7 years to 11 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 4 salaries received from various employees of Kotak Mahindra General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

Bharti AXA Life Insurance	₹5.1 Lakhs to ₹21.5 Lakhs per year
ICICI Prudential Life Insurance	₹6.1 Lakhs to ₹17.5 Lakhs per year
Edelweiss Life Insurance	₹6.6 Lakhs to ₹13.0 Lakhs per year
HDFC Ergo General Insurance	₹4.0 Lakhs to ₹15.0 Lakhs per year
HDFC Life	₹5.3 Lakhs to ₹12.7 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 Cluster Manager in companies similar to Kotak Mahindra General Insurance in India?

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

Cholamandalam MS General Insurance	₹6.5 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance	₹5.0 Lakhs to ₹15.0 Lakhs per year
IndiaFirst Life Insurance	₹5.4 Lakhs to ₹13.8 Lakhs per year
ICICI Lombard General Insurance Company	₹3.8 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Health Insurance Co	₹4.0 Lakhs to ₹10.8 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 Cluster Manager at Kotak Mahindra General Insurance in India?

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

Experience	Average Salary Range
7 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
8 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
11 years	₹5.4 Lakhs to ₹6.9 Lakhs per year

and so on.

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Kotak Mahindra General Insurance Cluster Manager Salaries

Kotak Mahindra General Insurance Cluster Manager salary in India ranges between ₹5.3 Lakhs to ₹7.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.