Kotak Mahindra General Insurance State Head Salaries by 5 Employees (Updated 2025)

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
ICICI Lombard General Insurance Company State Head Salary 8 - 20 years exp. (6 salaries)	₹8.3 L/yr - ₹17 L/yr 53% more
HDFC Ergo General Insurance State Head Salary 12 - 18 years exp. (18 salaries)	₹7.5 L/yr - ₹17.4 L/yr 97% more
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Bajaj Allianz General Insurance State Head Salary 5 - 20 years exp. (41 salaries)	₹6.3 L/yr - ₹17.6 L/yr 74% more
Reliance General Insurance State Head Salary 12 - 17 years exp. (4 salaries)	₹8 L/yr - ₹17.1 L/yr 101% more
Tata AIG State Head Salary 13 - 18 years exp. (3 salaries)	₹14.5 L/yr - ₹16.6 L/yr 135% more
SBI General Insurance State Head Salary 17 - 19 years exp. (3 salaries)	₹15.7 L/yr - ₹30 L/yr 188% more
Future Generali India Life Insurance State Head Salary 12 - 19 years exp. (8 salaries)	₹13 L/yr - ₹19.5 L/yr 125% more
Cholamandalam MS General Insurance State Head Salary 11 - 20 years exp. (42 salaries)	₹7 L/yr - ₹20 L/yr 161% more
ICICI Prudential Life Insurance State Head Salary 4 - 17 years exp. (28 salaries)	₹5.4 L/yr - ₹18.6 L/yr 99% more
Royal Sundaram General Insurance State Head Salary 10 - 18 years exp. (9 salaries)	₹8.1 L/yr - ₹19.5 L/yr 126% more
HDFC Life State Head Salary 3 - 15 years exp. (6 salaries)	₹10 L/yr - ₹14 L/yr 71% more
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Bharti AXA Life Insurance State Head Salary 14 - 16 years exp. (5 salaries)	₹14 L/yr - ₹20 L/yr 183% more
Shriram General Insurance State Head Salary 10 - 19 years exp. (3 salaries)	₹7.3 L/yr - ₹15 L/yr 69% 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)	₹4 L/yr - ₹4 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)	₹2.4 L/yr - ₹6.1 L/yr
7 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹12.3 L/yr
8 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹13.7 L/yr
9 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
10 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹9.2 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

(229 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

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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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindra General Insurance State Head Salary FAQs

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

State Head salary at Kotak Mahindra General Insurance in India ranges between ₹4.0 Lakhs to ₹9.2 Lakhs for experience between 3 years to 10 years. According to our estimates it is 59% less than the average State Head Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindra General Insurance India.

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

The average salary of a State Head at Kotak Mahindra General Insurance is 59% less than the average salary of a State Head in India. To know exact salary insights, login to view.

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

SBI General Insurance State Head Salary - ₹15.7 Lakhs to ₹30.0 Lakhs per year
Bharti AXA Life Insurance State Head Salary - ₹14.0 Lakhs to ₹20.0 Lakhs per year
Cholamandalam MS General Insurance State Head Salary - ₹7.0 Lakhs to ₹20.0 Lakhs per year
Tata AIG State Head Salary - ₹14.5 Lakhs to ₹16.6 Lakhs per year
Royal Sundaram General Insurance State Head Salary - ₹8.1 Lakhs to ₹19.5 Lakhs per year

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

Future Generali India Life Insurance State Head Salary - ₹13.0 Lakhs to ₹19.5 Lakhs per year
Reliance General Insurance State Head Salary - ₹8.0 Lakhs to ₹17.1 Lakhs per year
ICICI Prudential Life Insurance State Head Salary - ₹5.4 Lakhs to ₹18.6 Lakhs per year
HDFC Ergo General Insurance State Head Salary - ₹7.5 Lakhs to ₹17.4 Lakhs per year
Bajaj Allianz General Insurance State Head Salary - ₹6.3 Lakhs to ₹17.6 Lakhs per year

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 ranges between ₹49,360 per month to ₹50,526 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance State Head salary in India which ranges between ₹4.0 Lakhs to ₹9.2 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?

What is the notice period for State Head at Kotak Mahindra General Insurance?

According to AmbitionBox, 100% of the Kotak Mahindra General Insurance State Heads reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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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.