Kotak Mahindra General Insurance Sales Manager Salaries by 7 Employees (Updated 2025)

7 - 8 years exp.

₹4.3 Lakhs - ₹6.5 Lakhs

Salary of majority employees

26% less than the average Sales Manager Salary in Insurance Companies for 7 - 8 years of experience

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Salaries in different departments

Sales & Business Development Sales Manager Salary 7 - 8 years exp. (4 salaries)	₹4.6 L/yr - ₹6.5 L/yr
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BFSI, Investments & Trading Sales Manager Salary 8 years exp. (AmbitionBox Estimate)	₹3.8 L/yr - ₹5.3 L/yr

Last Updated: 13 Feb 2025

Companies similar to Kotak Mahindra General Insurance for Sales Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Manager Salary 1 - 12 years exp. (939 salaries)	₹2.5 L/yr - ₹10.6 L/yr 32% more	21 job openings
HDFC Life Sales Manager Salary 0 - 11 years exp. (697 salaries)	₹1.1 L/yr - ₹7.5 L/yr 8% less	4 job openings
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ICICI Lombard General Insurance Company Sales Manager Salary 1 - 14 years exp. (576 salaries)	₹2 L/yr - ₹11.4 L/yr 28% more
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (563 salaries)	₹2 L/yr - ₹6.2 L/yr 15% less	5 job openings
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 8 years exp. (413 salaries)	₹2.6 L/yr - ₹5.1 L/yr 22% less
HDFC Ergo General Insurance Sales Manager Salary 0 - 10 years exp. (283 salaries)	₹2.4 L/yr - ₹7.7 L/yr 16% less
Future Generali India Life Insurance Sales Manager Salary 0 - 9 years exp. (208 salaries)	₹2.2 L/yr - ₹6.3 L/yr 27% less	43 job openings
Cholamandalam MS General Insurance Sales Manager Salary 1 - 10 years exp. (193 salaries)	₹1.7 L/yr - ₹6 L/yr 20% less
Bharti AXA Life Insurance Sales Manager Salary 1 - 12 years exp. (119 salaries)	₹2.1 L/yr - ₹7.4 L/yr 18% less	1 job opening
Edelweiss Life Insurance Sales Manager Salary 3 - 9 years exp. (41 salaries)	₹2.5 L/yr - ₹6 L/yr 25% less
MetLife Sales Manager Salary 1 - 7 years exp. (22 salaries)	₹1.8 L/yr - ₹4 L/yr 38% less
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IndiaFirst Life Insurance Sales Manager Salary 2 - 8 years exp. (21 salaries)	₹2.4 L/yr - ₹6.1 L/yr 23% less
Smc Insurance Brokers Sales Manager Salary 4 - 13 years exp. (7 salaries)	₹3.4 L/yr - ₹5 L/yr 27% less
Spectrum Insurance Distribution Sales Manager Salary 4 - 6 years exp. (7 salaries)	₹2.9 L/yr - ₹5.5 L/yr 14% less
Aegon Religare Life Insurance Sales Manager Salary 5 - 8 years exp. (4 salaries)	₹4.8 L/yr - ₹5.3 L/yr 4% less
Marsh India Insurance Brokers Sales Manager Salary 8 - 11 years exp. (4 salaries)	₹19 L/yr - ₹26 L/yr 331% more
Docland Sales Manager Salary 3 - 19 years exp. (4 salaries)	₹2.4 L/yr - ₹4.2 L/yr 36% less
Medi Assist India Sales Manager Salary 1 - 5 years exp. (4 salaries)	₹1.9 L/yr - ₹14.2 L/yr 43% more
United India Insurance Company Sales Manager Salary 10 - 14 years exp. (4 salaries)	₹3.3 L/yr - ₹4.3 L/yr 30% less
Maruti Suzuki Insurance Broking Sales Manager Salary 5 - 19 years exp. (3 salaries)	₹4.5 L/yr - ₹13.5 L/yr 88% more

Sales Manager salary at Kotak Mahindra General Insurance ranges between ₹4.3 Lakhs to ₹6.5 Lakhs per year for employees with experience between 7 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 Sales Manager salaries

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
7 years (3 salaries)	₹4.6 L/yr - ₹6.5 L/yr
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8 years (4 salaries)	₹4.3 L/yr - ₹5.6 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

Area Manager Salary

(5 salaries)

₹10.3 L/yr - ₹17 L/yr

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Area Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹17.3 L/yr

Sales Officer Salary

(4 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Zonal Sales Manager Salary

(3 salaries)

₹13 L/yr - ₹22.7 L/yr

Deputy Manager Salary

(232 salaries)

₹2.95 L/yr - ₹7.12 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Regional Manager Salary

(4 salaries)

₹14.5 L/yr - ₹30 L/yr

Sales Executive Salary

(3 salaries)

₹2 L/yr - ₹3.9 L/yr

Assistant Sales Manager Salary

(7 salaries)

₹2.7 L/yr - ₹4.1 L/yr

Top skills at Kotak Mahindra General Insurance for Sales Manager

General Insurance Sales Agency Sales Motor Insurance Bancassurance Product Sales Agency Channel

Salary related reviews for Kotak Mahindra General Insurance

2.0

Rated by 2 employees for salary & benefits

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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Kotak Mahindra General Insurance Sales Manager Salary FAQs

What is the salary of Sales Manager at Kotak Mahindra General Insurance ?

The average salary of a Sales Manager at Kotak Mahindra General Insurance in India typically ranges from ₹4.3 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 7 years to 8 years).

The top 10% of Sales Manager at Kotak Mahindra General Insurance earn more than ₹6.3 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Sales 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 Sales Manager at Kotak Mahindra General Insurance in India?

The estimated take-home salary of a Sales Manager at Kotak Mahindra General Insurance in India typically ranges from ₹39,196 to ₹40,373 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 7 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 Sales Manager at Kotak Mahindra General Insurance ?

To be a Sales Manager at Kotak Mahindra General Insurance in india, the key skills required include:

- General Insurance
- Sales
- Agency Sales
- Motor Insurance
- Bancassurance

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 Sales Manager in India?

Marsh India Insurance Brokers	₹19.0 Lakhs to ₹26.0 Lakhs per year
Maruti Suzuki Insurance Broking	₹4.5 Lakhs to ₹13.5 Lakhs per year
Medi Assist India	₹1.9 Lakhs to ₹14.2 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹10.6 Lakhs per year
ICICI Lombard General Insurance Company	₹2.0 Lakhs to ₹11.4 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 Sales Manager in companies similar to Kotak Mahindra General Insurance in India?

The salary of a Sales Manager 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:

Aegon Religare Life Insurance	₹4.8 Lakhs to ₹5.3 Lakhs per year
HDFC Life	₹1.1 Lakhs to ₹7.5 Lakhs per year
Spectrum Insurance Distribution	₹2.9 Lakhs to ₹5.5 Lakhs per year
Kotak Mahindara Life Insurance	₹2.0 Lakhs to ₹6.2 Lakhs per year
HDFC Ergo General Insurance	₹2.4 Lakhs to ₹7.7 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 Sales Manager at Kotak Mahindra General Insurance in India?

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

Experience	Average Salary Range
7 years	₹4.6 Lakhs to ₹6.5 Lakhs per year
8 years	₹4.3 Lakhs to ₹5.6 Lakhs per year

and so on.

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Kotak Mahindra General Insurance Sales Manager Salaries

Kotak Mahindra General Insurance Sales Manager salary in India ranges between ₹4.3 Lakhs to ₹6.5 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.