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Kotak Mahindra General Insurance Cluster Manager salaries in India (Updated 2025)

Annual salary range
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)
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₹5.3 L/yr - ₹6 L/yr

Sales & Business Development
Cluster Manager Salary
7 years exp. (AmbitionBox Estimate)
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₹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
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HDFC Life Cluster Manager Salary

5 - 16 years exp. (304 salaries)

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₹5.3 L/yr - ₹12.7 L/yr

arrow icon 47% more
1 job opening
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₹3.5 L/yr - ₹10.8 L/yr

arrow icon 22% more
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₹5 L/yr - ₹15 L/yr

arrow icon 39% more
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₹6.1 L/yr - ₹17.5 L/yr

arrow icon 63% more
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Edelweiss Life Insurance Cluster Manager Salary

6 - 17 years exp. (28 salaries)

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₹6.6 L/yr - ₹13 L/yr

arrow icon 56% more
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₹4.1 L/yr - ₹13.5 L/yr

arrow icon 65% more
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₹4 L/yr - ₹11.2 L/yr

arrow icon 16% more
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₹6.5 L/yr - ₹10 L/yr

arrow icon 45% more
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₹3.8 L/yr - ₹11 L/yr

arrow icon 33% more
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₹5.1 L/yr - ₹21.5 L/yr

arrow icon 127% more
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₹5.4 L/yr - ₹13.8 L/yr

arrow icon 35% more
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.

Latest annual salaries shared by Kotak Mahindra General Insurance Cluster Manager

2d ago
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8 years exp.
9mo ago
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7 years exp.
1y ago
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11 years exp.
2y ago
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7 years exp.

Experience wise Kotak Mahindra General Insurance Cluster Manager salaries

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr
11 years (AmbitionBox Estimate)

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₹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
(232 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
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₹5 L/yr - ₹17.3 L/yr
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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
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₹2.7 L/yr - ₹4.1 L/yr
Area Head Salary
(AmbitionBox Estimate)
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₹5.1 L/yr - ₹6.6 L/yr

Salary related reviews for Kotak Mahindra General Insurance

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.

read more
  • Salary - Bad
  • +5 more

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

read more
  • 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

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.

read more
  • Skill development - Excellent
  • +2 more

Dislikes

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

  • Promotions - Poor
  • +2 more

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.

read more
  • Salary - Poor
  • +1 more

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.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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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
HDFC Ergo General Insurance ₹4.1 Lakhs to ₹13.5 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 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 ₹3.5 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.

Tell us how to improve this page.

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