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

7 - 11 years exp.

₹5.3 Lakhs - ₹7.7 Lakhs

Salary of majority employees

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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)	Unlock ₹5.3 L/yr - ₹6 L/yr
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Sales & Business Development Cluster Manager Salary 7 years exp. (AmbitionBox Estimate)	Unlock ₹6.9 L/yr - ₹8.5 L/yr

Last Updated: 22 Jan 2025

Companies similar to Kotak Mahindra General Insurance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Cluster Manager Salary 1 - 12 years exp. (17 salaries)	Unlock ₹3.8 L/yr - ₹10.9 L/yr 31% more
HDFC Ergo General Insurance Cluster Manager Salary 7 - 16 years exp. (21 salaries)	Unlock ₹4.1 L/yr - ₹13.5 L/yr 65% more
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Bajaj Allianz General Insurance Cluster Manager Salary 3 - 17 years exp. (37 salaries)	Unlock ₹4.2 L/yr - ₹16.5 L/yr 62% more
Reliance General Insurance Cluster Manager Salary 8 - 18 years exp. (216 salaries)	Unlock ₹4.3 L/yr - ₹17.5 L/yr 75% more
Tata AIG Cluster Manager Salary 4 - 16 years exp. (23 salaries)	Unlock ₹3.8 L/yr - ₹8.8 L/yr 5% more
SBI General Insurance Cluster Manager Salary 6 - 18 years exp. (38 salaries)	Unlock ₹4.8 L/yr - ₹15.3 L/yr 48% more
Future Generali India Life Insurance Cluster Manager Salary 7 - 15 years exp. (21 salaries)	Unlock ₹4 L/yr - ₹11.2 L/yr 16% more
HDFC Life Cluster Manager Salary 5 - 17 years exp. (305 salaries)	Unlock ₹5 L/yr - ₹12.3 L/yr 48% more
Aditya Birla Health Insurance Co Cluster Manager Salary 0 - 11 years exp. (121 salaries)	Unlock ₹4 L/yr - ₹10.8 L/yr 22% more
ManipalCigna Health Insurance Cluster Manager Salary 9 - 15 years exp. (41 salaries)	Unlock ₹5.5 L/yr - ₹9 L/yr 23% more
ICICI Prudential Life Insurance Cluster Manager Salary 1 - 18 years exp. (39 salaries)	Unlock ₹6.1 L/yr - ₹14 L/yr 46% more
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Kotak Mahindara Life Insurance Cluster Manager Salary 6 - 16 years exp. (34 salaries)	Unlock ₹5 L/yr - ₹15 L/yr 39% more
Edelweiss Life Insurance Cluster Manager Salary 6 - 17 years exp. (27 salaries)	Unlock ₹6.6 L/yr - ₹13 L/yr 57% more
Cholamandalam MS General Insurance Cluster Manager Salary 5 - 17 years exp. (17 salaries)	Unlock ₹6.5 L/yr - ₹10 L/yr 45% more
Bharti AXA Life Insurance Cluster Manager Salary 8 - 23 years exp. (6 salaries)	Unlock ₹5.1 L/yr - ₹21.5 L/yr 127% more
Pramerica Life Insurance Cluster Manager Salary 12 - 18 years exp. (5 salaries)	Unlock ₹5.8 L/yr - ₹8.2 L/yr 10% more
Aviva Life Insurance India Cluster Manager Salary 15 - 22 years exp. (4 salaries)	Unlock ₹12.4 L/yr - ₹16 L/yr 156% more
IndiaFirst Life Insurance Cluster Manager Salary 8 - 19 years exp. (3 salaries)	Unlock ₹5.4 L/yr - ₹13.8 L/yr 35% more
Shriram General Insurance Cluster Manager Salary 8 - 25 years exp. (3 salaries)	Unlock ₹4.5 L/yr - ₹9 L/yr 1% less

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: 22 Jan 2025

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

Similar Designation salaries in Kotak Mahindra General Insurance

Area Manager Salary

(5 salaries)

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₹10.3 L/yr - ₹17 L/yr

Deputy Manager Salary

(231 salaries)

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₹2.95 L/yr - ₹7.12 L/yr

Business Manager Salary

(AmbitionBox Estimate)

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₹2.3 L/yr - ₹2.9 L/yr

Sales Manager Salary

(7 salaries)

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₹4.25 L/yr - ₹6.5 L/yr

Branch Manager Salary

(6 salaries)

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₹6.5 L/yr - ₹8.3 L/yr

Area Sales Manager Salary

(7 salaries)

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₹5 L/yr - ₹17.3 L/yr

Relationship Manager Salary

(34 salaries)

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₹2.35 L/yr - ₹5.31 L/yr

Sales Officer Salary

(4 salaries)

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₹1.5 L/yr - ₹3.5 L/yr

Assistant Sales Manager Salary

(7 salaries)

Unlock

₹2.7 L/yr - ₹4.1 L/yr

Area Head Salary

(AmbitionBox Estimate)

Unlock

₹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

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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Kotak Mahindra General Insurance Cluster Manager Salary FAQs

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

Cluster Manager salary at Kotak Mahindra General Insurance in India ranges between ₹5.3 Lakhs to ₹7.7 Lakhs for experience between 7 years to 11 years. According to our estimates it is 34% less than the average Cluster Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra General Insurance India.

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

The average salary of a Cluster Manager at Kotak Mahindra General Insurance is 34% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

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

Aviva Life Insurance India Cluster Manager Salary - ₹12.4 Lakhs to ₹16.0 Lakhs per year
Bharti AXA Life Insurance Cluster Manager Salary - ₹5.1 Lakhs to ₹21.5 Lakhs per year
Reliance General Insurance Cluster Manager Salary - ₹4.3 Lakhs to ₹17.5 Lakhs per year
HDFC Ergo General Insurance Cluster Manager Salary - ₹4.1 Lakhs to ₹13.5 Lakhs per year
Bajaj Allianz General Insurance Cluster Manager Salary - ₹4.2 Lakhs to ₹16.5 Lakhs per year

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

Edelweiss Life Insurance Cluster Manager Salary - ₹6.6 Lakhs to ₹13.0 Lakhs per year
HDFC Life Cluster Manager Salary - ₹5.0 Lakhs to ₹12.3 Lakhs per year
SBI General Insurance Cluster Manager Salary - ₹4.8 Lakhs to ₹15.3 Lakhs per year
ICICI Prudential Life Insurance Cluster Manager Salary - ₹6.1 Lakhs to ₹14.0 Lakhs per year
Cholamandalam MS General Insurance Cluster Manager Salary - ₹6.5 Lakhs to ₹10.0 Lakhs per year

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 ranges between ₹46,119 per month to ₹47,212 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Cluster Manager salary in India which ranges between ₹5.3 Lakhs to ₹7.7 Lakhs per year for employees with experience between 7 years to 11 years. Check how did we calculate take home salary?

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

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

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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.