Kotak Mahindra General Insurance Senior Manager Salaries by 40+ Employees (Updated 2025)

6 - 16 years exp.

₹6.7 Lakhs - ₹13.4 Lakhs

Salary of majority employees

51% less than the average Senior Manager Salary in Insurance Companies for 6 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Manager Salary 6 - 16 years exp. (10 salaries)	₹6.7 L/yr - ₹13.3 L/yr
Sales & Business Development Senior Manager Salary 7 - 15 years exp. (9 salaries)	₹6.9 L/yr - ₹13 L/yr
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Finance & Accounting Senior Manager Salary 8 - 15 years exp. (3 salaries)	₹8 L/yr - ₹11.2 L/yr
IT & Information Security Senior Manager Salary 6 - 10 years exp. (3 salaries)	₹9.7 L/yr - ₹12.5 L/yr
Data Science & Analytics Senior Manager Salary 12 - 16 years exp. (AmbitionBox Estimate)	₹9.2 L/yr - ₹11 L/yr

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Last Updated: 7 Nov 2024

Companies similar to Kotak Mahindra General Insurance for Senior Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Senior Manager Salary 0 - 20 years exp. (1.6k salaries)	₹4.9 L/yr - ₹13.9 L/yr 8% less	4 job openings
HDFC Ergo General Insurance Senior Manager Salary 5 - 19 years exp. (321 salaries)	₹7 L/yr - ₹24 L/yr 42% more
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Bajaj Allianz General Insurance Senior Manager Salary 3 - 18 years exp. (41 salaries)	₹4.5 L/yr - ₹12.9 L/yr 2% more	1 job opening
Reliance General Insurance Senior Manager Salary 5 - 17 years exp. (108 salaries)	₹5 L/yr - ₹15.8 L/yr 7% less
Tata AIG Senior Manager Salary 1 - 13 years exp. (470 salaries)	₹4.8 L/yr - ₹20 L/yr 7% more	4 job openings
SBI General Insurance Senior Manager Salary 5 - 16 years exp. (96 salaries)	₹5 L/yr - ₹19.8 L/yr 13% more
Future Generali India Life Insurance Senior Manager Salary 10 - 19 years exp. (62 salaries)	₹9 L/yr - ₹30 L/yr 69% more	1 job opening
Kotak Mahindara Life Insurance Senior Manager Salary 0 - 14 years exp. (679 salaries)	₹3.3 L/yr - ₹12.1 L/yr 36% less	3 job openings
HDFC Life Senior Manager Salary 2 - 18 years exp. (576 salaries)	₹9 L/yr - ₹25 L/yr 33% more
ICICI Prudential Life Insurance Senior Manager Salary 0 - 9 years exp. (451 salaries)	₹11 L/yr - ₹27 L/yr 71% more
Aditya Birla Health Insurance Co Senior Manager Salary 2 - 14 years exp. (141 salaries)	₹3 L/yr - ₹11.7 L/yr 18% less
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MetLife Senior Manager Salary 10 - 18 years exp. (90 salaries)	₹19 L/yr - ₹48.4 L/yr 238% more
IndiaFirst Life Insurance Senior Manager Salary 4 - 17 years exp. (68 salaries)	₹4.8 L/yr - ₹21 L/yr 12% more
Bharti AXA Life Insurance Senior Manager Salary 6 - 17 years exp. (61 salaries)	₹5.7 L/yr - ₹20 L/yr 17% more
Aviva Life Insurance India Senior Manager Salary 9 - 18 years exp. (59 salaries)	₹6 L/yr - ₹24.5 L/yr 40% more
Medi Assist India Senior Manager Salary 10 - 19 years exp. (65 salaries)	₹6.7 L/yr - ₹18.4 L/yr 26% more	3 job openings
Edelweiss Life Insurance Senior Manager Salary 7 - 18 years exp. (46 salaries)	₹3.5 L/yr - ₹8.3 L/yr 22% less
Pramerica Life Insurance Senior Manager Salary 4 - 19 years exp. (47 salaries)	₹3.5 L/yr - ₹10.5 L/yr 22% less
Digit Insurance Senior Manager Salary 5 - 17 years exp. (48 salaries)	₹12 L/yr - ₹34.1 L/yr 98% more
Axa XL Senior Manager Salary 9 - 17 years exp. (44 salaries)	₹20 L/yr - ₹41.3 L/yr 223% more

View all

Senior Manager salary at Kotak Mahindra General Insurance ranges between ₹6.7 Lakhs to ₹13.4 Lakhs per year for employees with experience between 6 years to 16 years. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Senior Manager salaries

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
6 years (5 salaries)	₹10 L/yr - ₹12.1 L/yr
7 years (6 salaries)	₹6.7 L/yr - ₹13.3 L/yr
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8 years (9 salaries)	₹6.7 L/yr - ₹13.4 L/yr
9 years (4 salaries)	₹8 L/yr - ₹19.5 L/yr
10 years (5 salaries)	₹6.8 L/yr - ₹12.5 L/yr
11 years (AmbitionBox Estimate)	₹8 L/yr - ₹19 L/yr
12 years (6 salaries)	₹6.9 L/yr - ₹11 L/yr
13 years (3 salaries)	₹9.7 L/yr - ₹13 L/yr
14 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹18.2 L/yr
15+ years (5 salaries)	₹7.5 L/yr - ₹11.2 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Regional Manager Salary

(4 salaries)

₹14.5 L/yr - ₹30 L/yr

Deputy Manager Salary

(199 salaries)

₹2.95 L/yr - ₹7.25 L/yr

Sales Manager Salary

(7 salaries)

₹4.25 L/yr - ₹6.5 L/yr

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Area Manager Salary

(5 salaries)

₹10.3 L/yr - ₹17 L/yr

Business Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Area Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹17.3 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 L/yr

Zonal Sales Manager Salary

(3 salaries)

₹13 L/yr - ₹22.7 L/yr

Sales Officer Salary

(4 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Top skills at Kotak Mahindra General Insurance for Senior Manager

Senior Management Portfolio Management NAV NAV Calculation Trade Settlements

Salary related reviews for Kotak Mahindra General Insurance

3.8

Rated by 7 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

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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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra General Insurance Senior Manager Salary FAQs

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

Senior Manager salary at Kotak Mahindra General Insurance in India ranges between ₹6.7 Lakhs to ₹13.4 Lakhs for experience between 6 years to 16 years. According to our estimates it is 51% less than the average Senior Manager Salary in India. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindra General Insurance India.

How does the salary of a Senior Manager at Kotak Mahindra General Insurance India compare with the average salary range for this job?

The average salary of a Senior Manager at Kotak Mahindra General Insurance is 51% less than the average salary of a Senior Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Senior Manager at Kotak Mahindra General Insurance?

Senior Management, Portfolio Management, NAV, NAV Calculation and Trade Settlements are some of the popular skills required to work as a Senior Manager at Kotak Mahindra General Insurance India.

Which similar companies are paying more than Kotak Mahindra General Insurance to a Senior Manager in India?

Principal Global Services Senior Manager Salary - ₹32.0 Lakhs to ₹50.0 Lakhs per year
MetLife Senior Manager Salary - ₹19.0 Lakhs to ₹48.4 Lakhs per year
Axa XL Senior Manager Salary - ₹20.0 Lakhs to ₹41.3 Lakhs per year
AXA Business Services Senior Manager Salary - ₹24.0 Lakhs to ₹39.0 Lakhs per year
Swiss Re Senior Manager Salary - ₹10.3 Lakhs to ₹45.0 Lakhs per year

What is the salary of a Senior Manager in companies similar to Kotak Mahindra General Insurance in India?

Digit Insurance Senior Manager Salary - ₹12.0 Lakhs to ₹34.1 Lakhs per year
ICICI Prudential Life Insurance Senior Manager Salary - ₹11.0 Lakhs to ₹27.0 Lakhs per year
Future Generali India Life Insurance Senior Manager Salary - ₹9.0 Lakhs to ₹30.0 Lakhs per year
HDFC Ergo General Insurance Senior Manager Salary - ₹7.0 Lakhs to ₹24.0 Lakhs per year
Aviva Life Insurance India Senior Manager Salary - ₹6.0 Lakhs to ₹24.5 Lakhs per year

What is the estimated take home salary of a Senior Manager at Kotak Mahindra General Insurance in India?

The estimated take-home salary of a Senior Manager at Kotak Mahindra General Insurance ranges between ₹75,804 per month to ₹77,767 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Senior Manager salary in India which ranges between ₹6.7 Lakhs to ₹13.4 Lakhs per year for employees with experience between 6 years to 16 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 83% of the Kotak Mahindra General Insurance Senior Managers reported a notice period of 3 Months, 10% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 40 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Senior Manager Salaries

Kotak Mahindra General Insurance Senior Manager salary in India ranges between ₹6.7 Lakhs to ₹13.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 46 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.

Kotak Mahindra General Insurance Senior Manager salaries in India

Companies similar to Kotak Mahindra General Insurance for Senior Manager

Latest annual salaries shared by Kotak Mahindra General Insurance Senior Manager

Experience wise Kotak Mahindra General Insurance Senior Manager salaries

Similar Designation salaries in Kotak Mahindra General Insurance

Top skills at Kotak Mahindra General Insurance for Senior Manager

Salary related reviews for Kotak Mahindra General Insurance

Chief Manager in Mumbai

Assistant Manager in Mumbai

Relationship Manager in Raipur

Deputy Manager Grade 2 in Panipat

Assistant Manager in IT Park Infinite Dindhosi Malad East

Kotak Mahindra General Insurance Senior Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindra General Insurance Senior Manager Salaries by Location