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Kotak Mahindra General Insurance Manager salaries in Mumbai

Annual salary range
4 - 12 years exp.
₹3.8 Lakhs - ₹8.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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58% less than the average Manager Salary in Insurance Companies for 4 - 12 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Manager Salary
8 - 12 years exp. (6 salaries)
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₹4.5 L/yr - ₹8 L/yr

Sales & Business Development
Manager Salary
4 - 11 years exp. (6 salaries)
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₹3.8 L/yr - ₹7.5 L/yr

Customer Success, Service & Operations
Manager Salary
7 - 11 years exp. (4 salaries)
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₹5.6 L/yr - ₹7.9 L/yr

Finance & Accounting
Manager Salary
4 - 10 years exp. (4 salaries)
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₹3.8 L/yr - ₹8.5 L/yr

Healthcare & Life Sciences
Manager Salary
6 - 8 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹7 L/yr

View all

Last Updated: 22 Nov 2024

Companies similar to Kotak Mahindra General Insurance for Manager in Mumbai

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Kotak Mahindra General Insurance Manager Salary

4 - 12 years exp. (26 salaries)

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₹3.8 L/yr - ₹8.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Manager Salary

2 - 16 years exp. (281 salaries)

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₹5.9 L/yr - ₹16 L/yr

arrow icon 39% more
2 job openings
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Kotak Mahindara Life Insurance Manager Salary

0 - 12 years exp. (242 salaries)

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₹2.4 L/yr - ₹8.5 L/yr

arrow icon 19% less
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ICICI Prudential Life Insurance Manager Salary

1 - 13 years exp. (182 salaries)

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₹4 L/yr - ₹14 L/yr

arrow icon 17% more
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HDFC Ergo General Insurance Manager Salary

4 - 16 years exp. (144 salaries)

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₹4.5 L/yr - ₹15 L/yr

arrow icon 45% more
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Aditya Birla Health Insurance Co Manager Salary

1 - 12 years exp. (135 salaries)

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₹5 L/yr - ₹17 L/yr

arrow icon 49% more
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₹3.5 L/yr - ₹13 L/yr

arrow icon 5% more
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₹6.2 L/yr - ₹19 L/yr

arrow icon 104% more
2 job openings
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Bharti AXA Life Insurance Manager Salary

3 - 16 years exp. (72 salaries)

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₹6.5 L/yr - ₹18.7 L/yr

arrow icon 85% more
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Edelweiss Life Insurance Manager Salary

5 - 13 years exp. (65 salaries)

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₹4.9 L/yr - ₹14.2 L/yr

arrow icon 21% more
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IndiaFirst Life Insurance Manager Salary

3 - 16 years exp. (51 salaries)

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₹6 L/yr - ₹16 L/yr

arrow icon 65% more
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Medi Assist India Manager Salary

7 - 16 years exp. (29 salaries)

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₹5 L/yr - ₹12.7 L/yr

arrow icon 29% more
2 job openings
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Aditya Birla Insurance Brokers Manager Salary

4 - 17 years exp. (29 salaries)

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₹5.1 L/yr - ₹15 L/yr

arrow icon 31% more
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Marsh India Insurance Brokers Manager Salary

3 - 10 years exp. (27 salaries)

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₹7.9 L/yr - ₹21.5 L/yr

arrow icon 103% more
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₹5.5 L/yr - ₹9.1 L/yr

arrow icon 17% more
Manager salary at Kotak Mahindra General Insurance ranges between ₹3.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 4 years to 12 years. Salary estimates are based on 26 latest salaries received from various employees of Kotak Mahindra General Insurance.

Latest annual salaries shared by Kotak Mahindra General Insurance Manager in Mumbai

4mo ago
₹3.8 Lakhs
6 years exp.
5mo ago
₹6.2 Lakhs
10 years exp.
7mo ago
₹7.5 Lakhs
4 years exp.
7mo ago
₹7 Lakhs
9 years exp.
9mo ago
₹8.5 Lakhs
10 years exp.
10mo ago
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7 years exp.
11mo ago
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7 years exp.
1y ago
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8 years exp.
1y ago
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8 years exp.
1y ago
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6 years exp.

Experience wise Kotak Mahindra General Insurance Manager salaries in Mumbai

Last Updated: 22 Nov 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹6.1 L/yr - ₹7.8 L/yr
5 years (AmbitionBox Estimate)

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₹6.2 L/yr - ₹7.9 L/yr
6 years  (3 salaries)

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₹3.8 L/yr - ₹7.9 L/yr
7 years  (3 salaries)

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₹5.6 L/yr - ₹7 L/yr
8 years  (5 salaries)

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₹3.8 L/yr - ₹7.3 L/yr
View all

Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary
(81 salaries)
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₹3 L/yr - ₹7 L/yr
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₹22.5 L/yr - ₹28 L/yr

Top skills at Kotak Mahindra General Insurance for Manager

Sales Payroll Processing Relationship Management Litigation institutional sales

Salary related reviews for Kotak Mahindra General Insurance

2.4

Rated by 2 employees for salary & benefits

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 Manager Salary FAQs

What is the salary of Manager at Kotak Mahindra General Insurance in Mumbai?
The average salary of a Manager at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹3.8 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 4 years to 12 years).

The top 10% of Manager in Mumbai at Kotak Mahindra General Insurance earn more than ₹7.9 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. 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 20+ Kotak Mahindra General Insurance employees in India.
What is the estimated take home salary of a Manager at Kotak Mahindra General Insurance in Mumbai?
The estimated take-home salary of a Manager at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹52,126 to ₹54,498 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 4 years to 12 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 20+ salaries received from various employees of Kotak Mahindra General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Manager at Kotak Mahindra General Insurance in Mumbai?
To be a Manager at Kotak Mahindra General Insurance in Mumbai, the key skills required include:

  • - Sales
  • - Payroll Processing
  • - Relationship Management
  • - Litigation
  • - institutional sales

These skills are highly valued at Kotak Mahindra General Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindra General Insurance for Manager in India?
Future Generali India Life Insurance ₹6.2 Lakhs to ₹19.0 Lakhs per year
Marsh India Insurance Brokers ₹7.9 Lakhs to ₹21.5 Lakhs per year
Bharti AXA Life Insurance ₹6.5 Lakhs to ₹18.7 Lakhs per year
IndiaFirst Life Insurance ₹6.0 Lakhs to ₹16.0 Lakhs per year
Aditya Birla Health Insurance Co ₹5.0 Lakhs to ₹17.0 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 Manager in companies similar to Kotak Mahindra General Insurance in Mumbai?
The salary of a Manager at companies similar to Kotak Mahindra General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Ergo General Insurance ₹4.5 Lakhs to ₹15.0 Lakhs per year
HDFC Life ₹5.9 Lakhs to ₹16.0 Lakhs per year
Aditya Birla Insurance Brokers ₹5.1 Lakhs to ₹15.0 Lakhs per year
Medi Assist India ₹5.0 Lakhs to ₹12.7 Lakhs per year
Edelweiss Life Insurance ₹4.9 Lakhs to ₹14.2 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 Manager at Kotak Mahindra General Insurance in Mumbai?
The salary growth for a Manager at Kotak Mahindra General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Manager in Mumbai can expect the following growth trajectory at Kotak Mahindra General Insurance:

Experience Average Salary Range
4 years ₹6.1 Lakhs to ₹7.8 Lakhs per year
5 years ₹6.2 Lakhs to ₹7.9 Lakhs per year
6 years ₹3.8 Lakhs to ₹7.9 Lakhs per year
7 years ₹5.6 Lakhs to ₹7.0 Lakhs per year
and so on.

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Kotak Mahindra General Insurance Manager salary in Mumbai ranges between ₹3.8 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 26 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.