Kotak Mahindra General Insurance Manager M1 Salaries by 4 Employees (Updated 2025)

4 - 10 years exp.

₹3.9 Lakhs - ₹7 Lakhs

Salary of majority employees

49% less than the average Manager M1 Salary in Insurance Companies for 4 - 10 years of experience

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Last Updated: 28 Dec 2024

Companies similar to Kotak Mahindra General Insurance for Manager M1

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Manager M1 Salary 2 - 3 years exp. (3 salaries)	₹6.5 L/yr - ₹6.7 L/yr 11% more
HDFC Ergo General Insurance Manager M1 Salary 5 - 14 years exp. (31 salaries)	₹5 L/yr - ₹14 L/yr 41% more
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Bajaj Allianz General Insurance Manager M1 Salary 5 - 9 years exp. (3 salaries)	₹5 L/yr - ₹5.9 L/yr 11% less
Future Generali India Life Insurance Manager M1 Salary 4 - 9 years exp. (3 salaries)	₹4.4 L/yr - ₹6.5 L/yr 11% less
ICICI Prudential Life Insurance Manager M1 Salary 2 - 12 years exp. (26 salaries)	₹6 L/yr - ₹9.9 L/yr 25% more
Kotak Mahindara Life Insurance Manager M1 Salary 4 - 10 years exp. (4 salaries)	₹3.8 L/yr - ₹4.2 L/yr 33% less
Bharti AXA Life Insurance Manager M1 Salary 2 - 5 years exp. (3 salaries)	₹2 L/yr - ₹3.3 L/yr 54% less

Manager M1 salary at Kotak Mahindra General Insurance ranges between ₹3.9 Lakhs to ₹7 Lakhs per year for employees with experience between 4 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Manager M1 salaries

Last Updated: 28 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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8 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

Team Manager Salary

(6 salaries)

₹5.1 L/yr - ₹8.08 L/yr

Area Manager Salary

(5 salaries)

₹10.3 L/yr - ₹17 L/yr

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 L/yr

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Deputy Manager Salary

(214 salaries)

₹2.95 L/yr - ₹7.12 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Cluster Manager Salary

(4 salaries)

₹5.3 L/yr - ₹7.7 L/yr

Operations Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5.38 L/yr

Department Manager Salary

(AmbitionBox Estimate)

₹5.8 L/yr - ₹7.4 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 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

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.

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

Dislikes

Lack of knowledge system is very poor to handle it feels like i m working in government

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.

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.

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

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

Dislikes

Sitting arrangements is not proper and they are not doing any cultural progress and any picnic . IT service slow and management is slow.

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Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Kotak Mahindra General Insurance Manager M1 Salary FAQs

What is the salary of Manager M1 at Kotak Mahindra General Insurance?

Manager M1 salary at Kotak Mahindra General Insurance in India ranges between ₹3.9 Lakhs to ₹7.0 Lakhs for experience between 4 years to 10 years. According to our estimates it is 49% less than the average Manager M1 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 Manager M1 at Kotak Mahindra General Insurance India compare with the average salary range for this job?

The average salary of a Manager M1 at Kotak Mahindra General Insurance is 49% less than the average salary of a Manager M1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra General Insurance to a Manager M1 in India?

HDFC Ergo General Insurance Manager M1 Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
ICICI Prudential Life Insurance Manager M1 Salary - ₹6.0 Lakhs to ₹9.9 Lakhs per year
ICICI Lombard General Insurance Company Manager M1 Salary - ₹6.5 Lakhs to ₹6.7 Lakhs per year

What is the salary of a Manager M1 in companies similar to Kotak Mahindra General Insurance in India?

Bajaj Allianz General Insurance Manager M1 Salary - ₹5.0 Lakhs to ₹5.9 Lakhs per year
Future Generali India Life Insurance Manager M1 Salary - ₹4.4 Lakhs to ₹6.5 Lakhs per year
Kotak Mahindara Life Insurance Manager M1 Salary - ₹3.8 Lakhs to ₹4.2 Lakhs per year
Bharti AXA Life Insurance Manager M1 Salary - ₹2.0 Lakhs to ₹3.3 Lakhs per year

What is the estimated take home salary of a Manager M1 at Kotak Mahindra General Insurance in India?

The estimated take-home salary of a Manager M1 at Kotak Mahindra General Insurance ranges between ₹45,436 per month to ₹46,520 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Manager M1 salary in India which ranges between ₹3.9 Lakhs to ₹7.0 Lakhs per year for employees with experience between 4 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Manager M1 at Kotak Mahindra General Insurance?

According to AmbitionBox, 67% of the Kotak Mahindra General Insurance Manager M1s reported a notice period of 3 Months, 33% reported a notice period of 2 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Manager M1 Salaries

Kotak Mahindra General Insurance Manager M1 salary in India ranges between ₹3.9 Lakhs to ₹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.