Kotak Mahindra General Insurance Mumbai Relationship Manager Salaries by 7 Employees

2 - 8 years exp.

₹2.4 Lakhs - ₹4.3 Lakhs

Avg. annual salary

Monthly In-hand Salary

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

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Salaries in different departments

BFSI, Investments & Trading Relationship Manager Salary 2 - 7 years exp. (6 salaries)	₹2.4 L/yr - ₹4.3 L/yr
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Sales & Business Development Relationship Manager Salary 8 years exp. (AmbitionBox Estimate)	₹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

Kotak Mahindra General Insurance Relationship Manager Salary

2 - 8 years exp. (7 salaries)

₹2.4 L/yr - ₹4.3 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Relationship Manager Salary 0 - 8 years exp. (93 salaries)	₹2 L/yr - ₹5 L/yr 26% more	6 job openings
ICICI Lombard General Insurance Company Relationship Manager Salary 0 - 10 years exp. (49 salaries)	₹2.5 L/yr - ₹7 L/yr 62% more	1 job opening
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Future Generali India Life Insurance Relationship Manager Salary 0 - 6 years exp. (48 salaries)	₹2.2 L/yr - ₹4 L/yr 20% more	48 job openings
ICICI Prudential Life Insurance Relationship Manager Salary 0 - 6 years exp. (45 salaries)	₹2.2 L/yr - ₹7.8 L/yr 50% more
Edelweiss Life Insurance Relationship Manager Salary 2 - 6 years exp. (28 salaries)	₹2.8 L/yr - ₹5.5 L/yr 39% more	22 job openings
Kotak Mahindara Life Insurance Relationship Manager Salary 0 - 7 years exp. (26 salaries)	₹2.4 L/yr - ₹4.5 L/yr 24% more	16 job openings
Marsh India Insurance Brokers Relationship Manager Salary 2 - 8 years exp. (15 salaries)	₹8 L/yr - ₹17.9 L/yr 318% more
Cholamandalam MS General Insurance Relationship Manager Salary 1 - 8 years exp. (14 salaries)	₹2.5 L/yr - ₹4.6 L/yr 41% more
Bharti AXA Life Insurance Relationship Manager Salary 1 - 8 years exp. (14 salaries)	₹2.3 L/yr - ₹4.3 L/yr 27% more	1 job opening
HDFC Ergo General Insurance Relationship Manager Salary 2 - 8 years exp. (8 salaries)	₹2.5 L/yr - ₹8.2 L/yr 48% more
Aditya Birla Health Insurance Co Relationship Manager Salary 1 - 7 years exp. (5 salaries)	₹5.5 L/yr - ₹6.2 L/yr 112% more
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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.

Experience wise Kotak Mahindra General Insurance Relationship Manager salaries in Mumbai

Last Updated: 26 Dec 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
7 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
8 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary

(82 salaries)

₹3 L/yr - ₹7 L/yr

Sales Coordinator Salary

(4 salaries)

₹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.

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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Salary Discussions, Hike & Promotions

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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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
Bharti AXA Life Insurance	₹2.3 Lakhs to ₹4.3 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

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 Salaries in Mumbai

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

Kotak Mahindra General Insurance Relationship Manager salaries in Mumbai

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

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

Experience wise Kotak Mahindra General Insurance Relationship Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra General Insurance

Top skills at Kotak Mahindra General Insurance for Relationship Manager

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 Relationship Manager Salary FAQs

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