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 - 9 years exp. (279 salaries)	₹6.9 L/yr - ₹24.1 L/yr 12% more
HDFC Ergo General Insurance Product Manager Salary 0 - 2 years exp. (19 salaries)	₹13 L/yr - ₹19 L/yr 16% more
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Bajaj Allianz General Insurance Product Manager Salary 1 - 13 years exp. (13 salaries)	₹5 L/yr - ₹19 L/yr 13% less
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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. (76 salaries)	₹7.5 L/yr - ₹20 L/yr 2% less
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Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (26 salaries)	₹7.9 L/yr - ₹31 L/yr 44% more
Digit Insurance Product Manager Salary 2 - 20 years exp. (15 salaries)	₹11.2 L/yr - ₹46 L/yr 93% more
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Principal Global Services Product Manager Salary 8 - 14 years exp. (12 salaries)	₹26.5 L/yr - ₹44 L/yr 148% 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
Edelweiss Life Insurance Product Manager Salary 1 - 18 years exp. (8 salaries)	₹11 L/yr - ₹21 L/yr 12% more
Pramerica Life Insurance Product Manager Salary 2 - 7 years exp. (7 salaries)	₹14 L/yr - ₹22 L/yr 26% more
ManipalCigna Health Insurance Product Manager Salary 2 - 14 years exp. (8 salaries)	₹9.9 L/yr - ₹18.4 L/yr 18% less
Royal Sundaram General Insurance Product Manager Salary 0 - 13 years exp. (5 salaries)	₹6.2 L/yr - ₹14.8 L/yr 22% less
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

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

Project Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Deputy Manager Salary

(200 salaries)

₹2.95 L/yr - ₹7.25 L/yr

Senior Product Manager Salary

(3 salaries)

₹11.9 L/yr - ₹15 L/yr

Business Analyst Salary

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₹4 L/yr - ₹6.05 L/yr

Assistant Vice President Salary

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₹22.5 L/yr - ₹30.8 L/yr

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

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

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

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

Salary - Good

+5 more

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

Skill development - Good

+1 more

Dislikes

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

Salary - Poor

+2 more

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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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.