Kotak Mahindra General Insurance Insurance Manager Salaries by 3 Employees (Updated 2025)

10 - 12 years exp.

₹4 Lakhs - ₹6.5 Lakhs

Low Confidence

Salary of majority employees

40% more than the average Insurance Manager Salary in Insurance Companies for 10 - 12 years of experience

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Last Updated: 21 Dec 2024

Companies similar to Kotak Mahindra General Insurance for Insurance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Insurance Manager Salary 3 - 13 years exp. (14 salaries)	₹2.4 L/yr - ₹8 L/yr 24% less
HDFC Ergo General Insurance Insurance Manager Salary 5 - 11 years exp. (8 salaries)	₹4 L/yr - ₹9.4 L/yr 5% more
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Bajaj Allianz General Insurance Insurance Manager Salary 0 - 4 years exp. (6 salaries)	₹2.5 L/yr - ₹4.6 L/yr 27% less
Reliance General Insurance Insurance Manager Salary 0 - 17 years exp. (6 salaries)	₹3 L/yr - ₹5.1 L/yr 25% less
Tata AIG Insurance Manager Salary 3 - 14 years exp. (8 salaries)	₹2.7 L/yr - ₹6.1 L/yr 21% less
The New India Assurance Co. Insurance Manager Salary 3 - 7 years exp. (3 salaries)	₹1.2 L/yr - ₹15 L/yr 15% more
National Insurance Company Insurance Manager Salary 6 - 32 years exp. (4 salaries)	₹12.5 L/yr - ₹14 L/yr 130% more
SBI General Insurance Insurance Manager Salary 0 - 16 years exp. (7 salaries)	₹2.4 L/yr - ₹7.5 L/yr 18% less
Future Generali India Life Insurance Insurance Manager Salary 1 - 10 years exp. (54 salaries)	₹1 L/yr - ₹6 L/yr 36% less
HDFC Life Insurance Manager Salary 1 - 6 years exp. (51 salaries)	₹2.5 L/yr - ₹6 L/yr 34% less
ICICI Prudential Life Insurance Insurance Manager Salary 2 - 11 years exp. (21 salaries)	₹2.8 L/yr - ₹5.3 L/yr 36% less
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Kotak Mahindara Life Insurance Insurance Manager Salary 1 - 8 years exp. (21 salaries)	₹2.5 L/yr - ₹5.9 L/yr 32% less
Cholamandalam MS General Insurance Insurance Manager Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹5.9 L/yr 25% less
Bharti AXA Life Insurance Insurance Manager Salary 2 - 8 years exp. (6 salaries)	₹2.8 L/yr - ₹5.4 L/yr 30% less
Aviva Life Insurance India Insurance Manager Salary 4 - 10 years exp. (5 salaries)	₹3.3 L/yr - ₹5.5 L/yr 28% less
Aditya Birla Health Insurance Co Insurance Manager Salary 1 - 7 years exp. (5 salaries)	₹3.8 L/yr - ₹4.7 L/yr 25% less
Pramerica Life Insurance Insurance Manager Salary 2 - 8 years exp. (5 salaries)	₹2 L/yr - ₹3.6 L/yr 54% less
ManipalCigna Health Insurance Insurance Manager Salary 6 - 14 years exp. (4 salaries)	₹3.5 L/yr - ₹6.5 L/yr 19% less

Insurance Manager salary at Kotak Mahindra General Insurance ranges between ₹4 Lakhs to ₹6.5 Lakhs per year for employees with experience between 10 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Insurance Manager salaries

Last Updated: 21 Dec 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
11 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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12 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Area Manager Salary

(5 salaries)

₹10.3 L/yr - ₹17 L/yr

Deputy Manager Salary

(200 salaries)

₹2.95 L/yr - ₹7.12 L/yr

Sales Manager Salary

(9 salaries)

₹4.25 L/yr - ₹6.96 L/yr

Area Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹17.3 L/yr

Branch Sales Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Assistant Sales Manager Salary

(7 salaries)

₹2.7 L/yr - ₹4.1 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

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra General Insurance Insurance Manager Salary FAQs

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

According to AmbitionBox, 67% of the Kotak Mahindra General Insurance Insurance Managers reported a notice period of 3 Months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Insurance Manager Salaries

Kotak Mahindra General Insurance Insurance Manager salary in India ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.