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This company page is being actively managed by Kotak Mahindra General Insurance Team. If you also belong to the team, you can get access from here

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3.7

based on 224 Reviews

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Kotak Mahindra General Insurance Salaries in Mumbai Suburban (Updated 2025)

based on 15 latest salaries
Explore Salaries by Departments
BFSI, Investments & Trading
Designation Avg Annual Salary Open Jobs

Deputy Manager

4 - 7 years exp. · Mumbai Suburban (4 salaries)
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₹3.8 L/yr - ₹5.9 L/yr

MIS Executive

3 - 5 years exp. · Mumbai Suburban (AmbitionBox Estimate)
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₹1.9 L/yr - ₹3 L/yr

Data Entry Operator

Fresher · Mumbai Suburban (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Chief Manager Finance

8 years exp. · Mumbai Suburban (AmbitionBox Estimate)
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₹18.8 L/yr - ₹24 L/yr

Starting your career? Discover Kotak Mahindra General Insurance fresher salaries in India

Operations Executive

3 years exp. · Mumbai Suburban (AmbitionBox Estimate)
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₹3.4 L/yr - ₹3.6 L/yr

Location Managing Partner

18 years exp. · Mumbai Suburban (AmbitionBox Estimate)
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₹12.6 L/yr - ₹16.1 L/yr

Assistant Manager

3 - 4 years exp. · Mumbai Suburban (4 salaries)
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₹2.3 L/yr - ₹4 L/yr

Consultant

1 year exp. · Mumbai Suburban (AmbitionBox Estimate)
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₹1.3 L/yr - ₹1.7 L/yr

Last Updated: 15 Feb, 2025

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New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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Salary related reviews for Kotak Mahindra General Insurance

3.5

Rated by 3 employees for salary & benefits

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.

read more
  • 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

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

Business Relationship Manager in Kolkata

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

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.

read more
  • Salary - Poor
    • +1 more

Assistant Manager in Mumbai

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

Kotak Mahindra General Insurance interview questions by designations

Assistant Manager (3)Manager (2)Management Trainee (1)Assistant Sales Manager (1)
View all 14 interview experiences

Know more about Kotak Mahindra General Insurance Mumbai Suburban

More about working at Kotak Mahindra General Insurance

Kotak Mahindra General Insurance Salary FAQs

How much does Kotak Mahindra General Insurance pay to its employees?
The average annual salary at Kotak Mahindra General Insurance varies depending on the role, experience, and location. The salary ranges for some popular designations at Kotak Mahindra General Insurance, are as follows:

Deputy Manager ₹3.8 Lakhs to ₹5.9 Lakhs per year
MIS Executive ₹1.9 Lakhs to ₹3 Lakhs per year
Data Entry Operator ₹1.8 Lakhs to ₹2.3 Lakhs per year
Chief Manager Finance ₹18.8 Lakhs to ₹24 Lakhs per year

The highest-paying role, Vice President, earns between ₹30 Lakhs to ₹43 Lakhs per year. The top 10% of employees earn more than ₹15.4 Lakhs per year, and the top 1% earn over ₹40.6 Lakhs per year. 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 salary estimates are based on data from 15 salaries submitted by Kotak Mahindra General Insurance employees. Kotak Mahindra General Insurance is rated 3.5 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Kotak Mahindra General Insurance in Mumbai Suburban?
The salary of a fresher at Kotak Mahindra General Insurance in Mumbai Suburban typically ranges from ₹1.5 Lakh to ₹3.8 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Management Trainee Salary ₹3 Lakhs to ₹3.8 Lakhs per year
Fresher as a Graduate Trainee Salary ₹2.4 Lakhs to ₹2.7 Lakhs per year
Fresher as a Customer Support Executive Salary ₹2.7 Lakhs to ₹3.5 Lakhs per year
Fresher as a Data Entry Operator Salary ₹0.7 Lakhs to ₹2 Lakhs per year

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Average annual salary in Kotak Mahindra General Insurance , Mumbai Suburban is INRunlock blur . Salary estimates are based on 10+ Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.

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