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This company page is being actively managed by Kotak Mahindra General Insurance Team. If you also belong to the team, you can get access from here

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3.7

based on 224 Reviews

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Kotak Mahindra General Insurance Senior Manager salaries in Pune

Annual salary range
6 - 16 years exp.
₹7.5 Lakhs - ₹12 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Senior Manager Salary
7 - 8 years exp. (3 salaries)
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₹8.4 L/yr - ₹12 L/yr

BFSI, Investments & Trading
Senior Manager Salary
6 - 16 years exp. (AmbitionBox Estimate)
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₹7.5 L/yr - ₹10.8 L/yr

Last Updated: 15 Feb 2024

Companies similar to Kotak Mahindra General Insurance for Senior Manager in Pune

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Kotak Mahindra General Insurance Senior Manager Salary

6 - 16 years exp. (5 salaries)
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₹7.5 L/yr - ₹12 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Lombard General Insurance Company Senior Manager Salary

0 - 18 years exp. (96 salaries)
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₹6 L/yr - ₹15 L/yr

arrow icon 9% less
 4 job openings
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HDFC Ergo General Insurance Senior Manager Salary

7 - 19 years exp. (22 salaries)
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₹7.5 L/yr - ₹16 L/yr

arrow icon 32% more
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HDFC Life Senior Manager Salary

3 - 14 years exp. (17 salaries)
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₹5.5 L/yr - ₹19 L/yr

arrow icon 23% more
 5 job openings
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AXA Business Services Senior Manager Salary

10 - 20 years exp. (16 salaries)
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₹24.7 L/yr - ₹39 L/yr

arrow icon 200% more
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ICICI Prudential Life Insurance Senior Manager Salary

1 - 8 years exp. (14 salaries)
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₹15.7 L/yr - ₹20 L/yr

arrow icon 48% more
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Cholamandalam MS General Insurance Senior Manager Salary

5 - 17 years exp. (6 salaries)
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₹4 L/yr - ₹14.3 L/yr

arrow icon 17% less
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Future Generali India Life Insurance Senior Manager Salary

11 - 18 years exp. (6 salaries)
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₹9.5 L/yr - ₹22 L/yr

arrow icon 66% more
 1 job opening
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IndiaFirst Life Insurance Senior Manager Salary

10 - 15 years exp. (4 salaries)
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₹7 L/yr - ₹20 L/yr

arrow icon 11% more
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Principal Global Services Senior Manager Salary

5 - 20 years exp. (3 salaries)
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₹32 L/yr - ₹40 L/yr

arrow icon 238% more
 3 job openings
Senior Manager salary at Kotak Mahindra General Insurance ranges between ₹7.5 Lakhs to ₹12 Lakhs per year for employees with experience between 6 years to 16 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra General Insurance.

Latest annual salaries shared by Kotak Mahindra General Insurance Senior Manager in Pune

1y ago
₹8.7 Lakhs
8 years exp.
1y ago
₹12 Lakhs
7 years exp.
1y ago
₹10.8 Lakhs
6 years exp.
1y ago
₹7.5 Lakhs
16 years exp.
1y ago
₹8.4 Lakhs
7 years exp.

Experience wise Kotak Mahindra General Insurance Senior Manager salaries in Pune

Last Updated: 15 Feb 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹10.1 L/yr - ₹12.9 L/yr
7 years (AmbitionBox Estimate)

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₹10 L/yr - ₹12.8 L/yr
8 years (AmbitionBox Estimate)

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₹9.9 L/yr - ₹12.7 L/yr
9 years (AmbitionBox Estimate)

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₹9.8 L/yr - ₹12.6 L/yr
10 years (AmbitionBox Estimate)

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₹9.7 L/yr - ₹12.4 L/yr
View all

Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary
(9 salaries)
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₹4.11 L/yr - ₹6.5 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

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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible
Nagarro offer: Kindly Help me to decide
Option 1
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Kotak Mahindra General Insurance Senior Manager Salary FAQs

What is the salary of Senior Manager at Kotak Mahindra General Insurance in Pune?
The average salary of a Senior Manager at Kotak Mahindra General Insurance in Pune typically ranges from ₹7.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 6 years to 16 years).

The top 10% of Senior Manager in Pune at Kotak Mahindra General Insurance earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Senior 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 5 Kotak Mahindra General Insurance employees in India.
What is the estimated take home salary of a Senior Manager at Kotak Mahindra General Insurance in Pune?
The estimated take-home salary of a Senior Manager at Kotak Mahindra General Insurance in Pune typically ranges from ₹77,141 to ₹79,142 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 6 years to 16 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 5 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 Senior Manager at Kotak Mahindra General Insurance in Pune?
To be a Senior Manager at Kotak Mahindra General Insurance in Pune, the key skills required include:

  • - Senior Management
  • - Portfolio Management
  • - NAV
  • - NAV Calculation
  • - Trade Settlements

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 Senior Manager in India?
Principal Global Services ₹32.0 Lakhs to ₹40.0 Lakhs per year
AXA Business Services ₹24.7 Lakhs to ₹39.0 Lakhs per year
Future Generali India Life Insurance ₹9.5 Lakhs to ₹22.0 Lakhs per year
ICICI Prudential Life Insurance ₹15.7 Lakhs to ₹20.0 Lakhs per year
HDFC Ergo General Insurance ₹7.5 Lakhs to ₹16.0 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 Senior Manager in companies similar to Kotak Mahindra General Insurance in Pune?
The salary of a Senior Manager at companies similar to Kotak Mahindra General Insurance in Pune varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life ₹5.5 Lakhs to ₹19.0 Lakhs per year
IndiaFirst Life Insurance ₹7.0 Lakhs to ₹20.0 Lakhs per year
ICICI Lombard General Insurance Company ₹6.0 Lakhs to ₹15.0 Lakhs per year
Cholamandalam MS General Insurance ₹4.0 Lakhs to ₹14.3 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 Senior Manager at Kotak Mahindra General Insurance in Pune?
The salary growth for a Senior Manager at Kotak Mahindra General Insurance in Pune depends on factors such as experience, performance, and promotions. On average, a Senior Manager in Pune can expect the following growth trajectory at Kotak Mahindra General Insurance:

Experience Average Salary Range
6 years ₹10.1 Lakhs to ₹12.9 Lakhs per year
7 years ₹10.0 Lakhs to ₹12.8 Lakhs per year
8 years ₹9.9 Lakhs to ₹12.7 Lakhs per year
9 years ₹9.8 Lakhs to ₹12.6 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra General Insurance Senior Manager salary in Pune ranges between ₹7.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.