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

4 - 8 years exp.

₹7.2 Lakhs - ₹21 Lakhs

Low Confidence

Salary of majority employees

38% less than the average Product Manager Salary in Insurance Companies for 4 - 8 years of experience

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Last Updated: 30 Dec 2024

Companies similar to Kotak Mahindra General Insurance for Product Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Product Manager Salary 0 - 6 years exp. (274 salaries)	₹6 L/yr - ₹23 L/yr 5% more
HDFC Ergo General Insurance Product Manager Salary 0 - 2 years exp. (19 salaries)	₹13 L/yr - ₹19 L/yr 13% more
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Bajaj Allianz General Insurance Product Manager Salary 1 - 12 years exp. (13 salaries)	₹11.7 L/yr - ₹22 L/yr 8% more
Reliance General Insurance Product Manager Salary 2 - 8 years exp. (8 salaries)	₹7.1 L/yr - ₹14.6 L/yr 34% less
Tata AIG Product Manager Salary 0 - 6 years exp. (55 salaries)	₹6.3 L/yr - ₹22 L/yr 8% more
SBI General Insurance Product Manager Salary 1 - 13 years exp. (3 salaries)	₹8.2 L/yr - ₹15.5 L/yr 16% less
Future Generali India Life Insurance Product Manager Salary 0 - 6 years exp. (4 salaries)	₹3 L/yr - ₹11.5 L/yr 45% less
HDFC Life Product Manager Salary 2 - 8 years exp. (77 salaries)	₹7.5 L/yr - ₹20 L/yr 5% less
Care Health Insurance Product Manager Salary 0 - 5 years exp. (37 salaries)	₹6 L/yr - ₹15 L/yr 23% less
ICICI Prudential Life Insurance Product Manager Salary 0 - 4 years exp. (34 salaries)	₹6.3 L/yr - ₹21 L/yr 16% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 7 years exp. (24 salaries)	₹11.7 L/yr - ₹26.9 L/yr 20% more
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Digit Insurance Product Manager Salary 2 - 20 years exp. (14 salaries)	₹14 L/yr - ₹46.4 L/yr 95% more
Principal Global Services Product Manager Salary 8 - 14 years exp. (12 salaries)	₹26.1 L/yr - ₹44 L/yr 141% more
Aditya Birla Health Insurance Co Product Manager Salary 2 - 9 years exp. (8 salaries)	₹9 L/yr - ₹25.5 L/yr 21% more
Medi Assist India Product Manager Salary 2 - 4 years exp. (8 salaries)	₹10.6 L/yr - ₹24 L/yr 50% more	1 job opening
MetLife Product Manager Salary 5 - 24 years exp. (4 salaries)	₹20 L/yr - ₹28.5 L/yr 78% more
Bharti AXA Life Insurance Product Manager Salary 4 - 7 years exp. (4 salaries)	₹10.4 L/yr - ₹16 L/yr 3% more
Marsh India Insurance Brokers Product Manager Salary 3 - 5 years exp. (3 salaries)	₹17 L/yr - ₹18 L/yr 29% more

Product Manager salary at Kotak Mahindra General Insurance ranges between ₹7.2 Lakhs to ₹21 Lakhs per year for employees with experience between 4 years to 8 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Product Manager salaries

Last Updated: 30 Dec 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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8 years (AmbitionBox Estimate)	₹12.7 L/yr - ₹16.2 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

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Top skills at Kotak Mahindra General Insurance for Product Manager

Product Management Product Development General Insurance Insurance Analytical skills LI Motor Insurance

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 Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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Kotak Mahindra General Insurance Product Manager Salary FAQs

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

According to AmbitionBox, 100% of the Kotak Mahindra General Insurance Product Managers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Product Manager Salaries

Kotak Mahindra General Insurance Product Manager salary in India ranges between ₹7.2 Lakhs to ₹21 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.