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3.7

based on 224 Reviews

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Kotak Mahindra General Insurance Relationship Manager salaries in Mumbai

Annual salary range
2 - 8 years exp.
₹2.4 Lakhs - ₹4.3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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47% less than the average Relationship Manager Salary in Insurance Companies for 2 - 8 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Relationship Manager Salary
2 - 7 years exp. (6 salaries)
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₹2.4 L/yr - ₹4.3 L/yr

Sales & Business Development
Relationship Manager Salary
8 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹4.2 L/yr

Last Updated: 26 Dec 2023

Companies similar to Kotak Mahindra General Insurance for Relationship Manager in Mumbai

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Kotak Mahindra General Insurance Relationship Manager Salary

2 - 8 years exp. (7 salaries)
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₹2.4 L/yr - ₹4.3 L/yr

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

0 - 8 years exp. (93 salaries)
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₹2 L/yr - ₹5 L/yr

arrow icon 27% more
 6 job openings
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ICICI Lombard General Insurance Company Relationship Manager Salary

0 - 10 years exp. (49 salaries)
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₹2.5 L/yr - ₹7 L/yr

arrow icon 62% more
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Future Generali India Life Insurance Relationship Manager Salary

0 - 6 years exp. (48 salaries)
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₹2.2 L/yr - ₹4 L/yr

arrow icon 20% more
 48 job openings
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ICICI Prudential Life Insurance Relationship Manager Salary

0 - 6 years exp. (45 salaries)
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₹2.2 L/yr - ₹7.8 L/yr

arrow icon 50% more
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Edelweiss Life Insurance Relationship Manager Salary

2 - 6 years exp. (28 salaries)
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₹2.8 L/yr - ₹5.5 L/yr

arrow icon 41% more
 24 job openings
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Kotak Mahindara Life Insurance Relationship Manager Salary

0 - 6 years exp. (25 salaries)
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₹2.4 L/yr - ₹4.5 L/yr

arrow icon 24% more
 18 job openings
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Bharti AXA Life Insurance Relationship Manager Salary

1 - 8 years exp. (16 salaries)
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₹2.2 L/yr - ₹4.9 L/yr

arrow icon 24% more
 1 job opening
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Marsh India Insurance Brokers Relationship Manager Salary

2 - 7 years exp. (15 salaries)
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₹8 L/yr - ₹17.9 L/yr

arrow icon 318% more
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Cholamandalam MS General Insurance Relationship Manager Salary

1 - 8 years exp. (14 salaries)
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₹2.5 L/yr - ₹4.6 L/yr

arrow icon 41% more
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HDFC Ergo General Insurance Relationship Manager Salary

2 - 8 years exp. (8 salaries)
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₹2.5 L/yr - ₹8.2 L/yr

arrow icon 48% more
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Aditya Birla Health Insurance Co Relationship Manager Salary

0 - 6 years exp. (6 salaries)
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₹5.5 L/yr - ₹6.2 L/yr

arrow icon 114% more
Relationship Manager salary at Kotak Mahindra General Insurance ranges between ₹2.4 Lakhs to ₹4.3 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra General Insurance.

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

1y ago
₹4.2 Lakhs
8 years exp.
1y ago
₹2.6 Lakhs
4 years exp.

Experience wise Kotak Mahindra General Insurance Relationship Manager salaries in Mumbai

Last Updated: 26 Dec 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹2.7 L/yr
3 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr
View all

Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary
(82 salaries)
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₹3 L/yr - ₹7 L/yr
Sales Coordinator Salary
(4 salaries)
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₹2.1 L/yr - ₹5.1 L/yr

Top skills at Kotak Mahindra General Insurance for Relationship Manager

General Insurance Bancassurance Life Insurance Communication Skills

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.

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

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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Kotak Mahindra General Insurance Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Kotak Mahindra General Insurance in Mumbai?
The average salary of a Relationship Manager at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹2.4 Lakhs to ₹4.3 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Relationship Manager in Mumbai at Kotak Mahindra General Insurance earn more than ₹4.2 Lakhs per year, and the top 1% earn over ₹4.3 Lakhs per year. Relationship 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 7 Kotak Mahindra General Insurance employees in India.
What is the estimated take home salary of a Relationship Manager at Kotak Mahindra General Insurance in Mumbai?
The estimated take-home salary of a Relationship Manager at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹20,072 to ₹21,734 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.3 Lakhs per year for employees with experience ranging from 2 years to 8 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 7 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 Relationship Manager at Kotak Mahindra General Insurance in Mumbai?
To be a Relationship Manager at Kotak Mahindra General Insurance in Mumbai, the key skills required include:

  • - General Insurance
  • - Bancassurance
  • - Life Insurance
  • - Communication Skills

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 Relationship Manager in India?
Marsh India Insurance Brokers ₹8.0 Lakhs to ₹17.9 Lakhs per year
Aditya Birla Health Insurance Co ₹5.5 Lakhs to ₹6.2 Lakhs per year
ICICI Lombard General Insurance Company ₹2.5 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.2 Lakhs to ₹7.8 Lakhs per year
HDFC Ergo General Insurance ₹2.5 Lakhs to ₹8.2 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 Relationship Manager in companies similar to Kotak Mahindra General Insurance in Mumbai?
The salary of a Relationship 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:

Cholamandalam MS General Insurance ₹2.5 Lakhs to ₹4.6 Lakhs per year
Edelweiss Life Insurance ₹2.8 Lakhs to ₹5.5 Lakhs per year
HDFC Life ₹2.0 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance ₹2.4 Lakhs to ₹4.5 Lakhs per year
Bharti AXA Life Insurance ₹2.2 Lakhs to ₹4.9 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 Relationship Manager at Kotak Mahindra General Insurance in Mumbai?
The salary growth for a Relationship Manager at Kotak Mahindra General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Relationship Manager in Mumbai can expect the following growth trajectory at Kotak Mahindra General Insurance:

Experience Average Salary Range
2 years ₹2.1 Lakhs to ₹2.7 Lakhs per year
3 years ₹2.2 Lakhs to ₹2.8 Lakhs per year
4 years ₹2.4 Lakhs to ₹3.0 Lakhs per year
5 years ₹2.5 Lakhs to ₹3.2 Lakhs per year
and so on.

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Kotak Mahindra General Insurance Relationship Manager salary in Mumbai ranges between ₹2.4 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.