Kotak Mahindra General Insurance Operations Associate Salaries by 4 Employees

0 - 3 years exp.

₹1.8 Lakh - ₹2.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

44% less than the average Operations Associate Salary in Insurance Companies for 0 - 3 years of experience

Interested in this particular role?

Last Updated: 26 Dec 2023

Companies similar to Kotak Mahindra General Insurance for Operations Associate

Company name	Avg Annual Salary	Open Jobs
AXA Business Services Operations Associate Salary 0 - 4 years exp. (45 salaries)	₹2 L/yr - ₹5 L/yr 83% more
ICICI Prudential Life Insurance Operations Associate Salary 1 - 4 years exp. (36 salaries)	₹2.1 L/yr - ₹4 L/yr 61% more
Login to view exact salary
Future Generali India Life Insurance Operations Associate Salary 1 - 5 years exp. (34 salaries)	₹1.5 L/yr - ₹3.1 L/yr 13% more	1 job opening
Aditya Birla Health Insurance Co Operations Associate Salary 0 - 6 years exp. (23 salaries)	₹2.5 L/yr - ₹3.9 L/yr 64% more
HDFC Life Operations Associate Salary 1 - 5 years exp. (14 salaries)	₹1.8 L/yr - ₹4.5 L/yr 58% more
MetLife Operations Associate Salary 0 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹6 L/yr 97% more
Swiss Re Operations Associate Salary 0 - 12 years exp. (4 salaries)	₹4.8 L/yr - ₹12 L/yr 298% more
ICICI Lombard General Insurance Company Operations Associate Salary 1 - 3 years exp. (4 salaries)	₹1.2 L/yr - ₹3.5 L/yr 25% more
Principal Global Services Operations Associate Salary 0 - 5 years exp. (4 salaries)	₹5.5 L/yr - ₹8 L/yr 221% more
Empower Operations Associate Salary 0 - 1 year exp. (4 salaries)	₹3.3 L/yr - ₹4.5 L/yr 98% more
Cholamandalam MS General Insurance Operations Associate Salary 1 - 4 years exp. (4 salaries)	₹1 L/yr - ₹8.8 L/yr 97% more
Login to view exact salary
HDFC Ergo General Insurance Operations Associate Salary 0 - 10 years exp. (4 salaries)	₹3.6 L/yr - ₹5 L/yr 112% more
Kotak Mahindara Life Insurance Operations Associate Salary 1 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹3.8 L/yr 36% more
Bharti AXA Life Insurance Operations Associate Salary 0 - 10 years exp. (3 salaries)	₹2.2 L/yr - ₹4.5 L/yr 56% more
Medi Assist India Operations Associate Salary 1 - 3 years exp. (3 salaries)	₹1.8 L/yr - ₹2.5 L/yr 2% more
Edelweiss Life Insurance Operations Associate Salary 1 - 14 years exp. (3 salaries)	₹2.4 L/yr - ₹5.5 L/yr 75% more

Operations Associate salary at Kotak Mahindra General Insurance ranges between ₹1.8 Lakh to ₹2.3 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Operations Associate salaries

Last Updated: 26 Dec 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
2 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

Senior Associate Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Operations Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5.38 L/yr

Operations Executive Salary

(6 salaries)

₹2.6 L/yr - ₹4 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹1.7 L/yr - ₹2.2 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 L/yr

Customer Service Associate Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Quality Analyst Salary

(3 salaries)

₹5 L/yr - ₹5 L/yr

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 L/yr

Deputy Manager Salary

(232 salaries)

₹2.95 L/yr - ₹7.12 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

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.

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.

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.

Salary - Bad

+6 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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Kotak Mahindra General Insurance Operations Associate Salary FAQs

What is the salary of Operations Associate at Kotak Mahindra General Insurance ?

The average salary of a Operations Associate at Kotak Mahindra General Insurance in India typically ranges from ₹1.8 Lakhs to ₹2.3 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Operations Associate at Kotak Mahindra General Insurance earn more than ₹2.0 Lakhs per year, and the top 1% earn over ₹2.0 Lakhs per year. Operations Associate 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 Operations Associate at Kotak Mahindra General Insurance in India?

The estimated take-home salary of a Operations Associate at Kotak Mahindra General Insurance in India typically ranges from ₹13,765 to ₹15,226 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹2.3 Lakhs per year for employees with experience ranging from Fresher to 3 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 Operations Associate in India?

Swiss Re	₹4.8 Lakhs to ₹12.0 Lakhs per year
Principal Global Services	₹5.5 Lakhs to ₹8.0 Lakhs per year
HDFC Ergo General Insurance	₹3.6 Lakhs to ₹5.0 Lakhs per year
Empower	₹3.3 Lakhs to ₹4.5 Lakhs per year
MetLife	₹1.8 Lakhs to ₹6.0 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 Operations Associate in companies similar to Kotak Mahindra General Insurance in India?

The salary of a Operations Associate 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	₹1.0 Lakhs to ₹8.8 Lakhs per year
AXA Business Services	₹2.0 Lakhs to ₹5.0 Lakhs per year
Edelweiss Life Insurance	₹2.4 Lakhs to ₹5.5 Lakhs per year
Aditya Birla Health Insurance Co	₹2.5 Lakhs to ₹3.9 Lakhs per year
ICICI Prudential Life Insurance	₹2.1 Lakhs to ₹4.0 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 Operations Associate at Kotak Mahindra General Insurance in India?

The salary growth for a Operations Associate at Kotak Mahindra General Insurance depends on factors such as experience, performance, and promotions. On average, a Operations Associate can expect the following growth trajectory at Kotak Mahindra General Insurance:

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹2.3 Lakhs per year
2 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
3 years	₹1.8 Lakhs to ₹2.3 Lakhs per year

and so on.

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Kotak Mahindra General Insurance Operations Associate Salaries

Kotak Mahindra General Insurance Operations Associate salary in India ranges between ₹1.8 Lakh to ₹2.3 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.

Kotak Mahindra General Insurance Operations Associate salaries in India

Companies similar to Kotak Mahindra General Insurance for Operations Associate

Latest annual salaries shared by Kotak Mahindra General Insurance Operations Associate

Experience wise Kotak Mahindra General Insurance Operations Associate salaries

Similar Designation salaries in Kotak Mahindra General Insurance

Salary related reviews for Kotak Mahindra General Insurance

Chief Manager in Mumbai

Assistant Manager in Mumbai

Business Relationship Manager in Kolkata

Relationship Manager in Raipur

Assistant Manager in Mumbai

Kotak Mahindra General Insurance Operations Associate Salary FAQs

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