Kotak Mahindra General Insurance State Head Salaries by 5 Employees

3 - 10 years exp.

₹4 Lakhs - ₹9.2 Lakhs

Salary of majority employees

59% less than the average State Head Salary in Insurance Companies for 3 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading State Head Salary 3 - 10 years exp. (3 salaries)	₹4 L/yr - ₹9.2 L/yr
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Sales & Business Development State Head Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹6.1 L/yr - ₹6.8 L/yr

Last Updated: 26 Dec 2023

Companies similar to Kotak Mahindra General Insurance for State Head

Company name	Avg Annual Salary	Open Jobs
Cholamandalam MS General Insurance State Head Salary 11 - 20 years exp. (42 salaries)	₹7 L/yr - ₹20 L/yr 141% more
ICICI Prudential Life Insurance State Head Salary 6 - 17 years exp. (21 salaries)	₹7.1 L/yr - ₹18.6 L/yr 96% more
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HDFC Ergo General Insurance State Head Salary 12 - 18 years exp. (18 salaries)	₹7.5 L/yr - ₹17.4 L/yr 97% more
Future Generali India Life Insurance State Head Salary 12 - 19 years exp. (8 salaries)	₹13 L/yr - ₹19.5 L/yr 125% more
ICICI Lombard General Insurance Company State Head Salary 8 - 20 years exp. (6 salaries)	₹8.3 L/yr - ₹17 L/yr 53% more
Bharti AXA Life Insurance State Head Salary 14 - 16 years exp. (5 salaries)	₹14 L/yr - ₹20 L/yr 183% more
HDFC Life State Head Salary 13 - 15 years exp. (5 salaries)	₹9 L/yr - ₹17.5 L/yr 83% more
Smc Insurance Brokers State Head Salary 8 - 20 years exp. (3 salaries)	₹11 L/yr - ₹26 L/yr 168% more

State Head salary at Kotak Mahindra General Insurance ranges between ₹4 Lakhs to ₹9.2 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance State Head salaries

Last Updated: 26 Dec 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
4 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr
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5 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
8 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
9 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
10 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 L/yr

Sales Manager Salary

(7 salaries)

₹4.25 L/yr - ₹6.5 L/yr

Sales Officer Salary

(4 salaries)

₹1.5 L/yr - ₹3.5 L/yr

Sales Executive Salary

(3 salaries)

₹2 L/yr - ₹3.9 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

Cluster Manager Salary

(4 salaries)

₹5.3 L/yr - ₹7.7 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

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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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Kotak Mahindra General Insurance State Head Salary FAQs

What is the salary of State Head at Kotak Mahindra General Insurance ?

The average salary of a State Head at Kotak Mahindra General Insurance in India typically ranges from ₹4.0 Lakhs to ₹9.2 Lakhs per year, depending on experience (from 3 years to 10 years).

The top 10% of State Head at Kotak Mahindra General Insurance earn more than ₹9.2 Lakhs per year, and the top 1% earn over ₹9.2 Lakhs per year. State Head 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 State Head at Kotak Mahindra General Insurance in India?

The estimated take-home salary of a State Head at Kotak Mahindra General Insurance in India typically ranges from ₹49,360 to ₹50,526 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹9.2 Lakhs per year for employees with experience ranging from 3 years to 10 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.

Which companies offer higher salaries than Kotak Mahindra General Insurance for State Head in India?

Bharti AXA Life Insurance	₹14.0 Lakhs to ₹20.0 Lakhs per year
Smc Insurance Brokers	₹11.0 Lakhs to ₹26.0 Lakhs per year
Cholamandalam MS General Insurance	₹7.0 Lakhs to ₹20.0 Lakhs per year
Future Generali India Life Insurance	₹13.0 Lakhs to ₹19.5 Lakhs per year
HDFC Ergo General Insurance	₹7.5 Lakhs to ₹17.4 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 State Head in companies similar to Kotak Mahindra General Insurance in India?

The salary of a State Head 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:

ICICI Prudential Life Insurance	₹7.1 Lakhs to ₹18.6 Lakhs per year
HDFC Life	₹9.0 Lakhs to ₹17.5 Lakhs per year
ICICI Lombard General Insurance Company	₹8.3 Lakhs to ₹17.0 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 State Head at Kotak Mahindra General Insurance in India?

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

Experience	Average Salary Range
3 years	₹3.6 Lakhs to ₹4.6 Lakhs per year
4 years	₹4.0 Lakhs to ₹5.1 Lakhs per year
5 years	₹4.7 Lakhs to ₹6.0 Lakhs per year
6 years	₹5.4 Lakhs to ₹6.9 Lakhs per year

and so on.

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Kotak Mahindra General Insurance State Head Salaries

Kotak Mahindra General Insurance State Head salary in India ranges between ₹4 Lakhs to ₹9.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.