Kotak Mahindra General Insurance Underwriting Manager Salaries by 7 Employees (Updated 2024)

4 - 14 years exp.

₹2.8 Lakhs - ₹11.1 Lakhs

Salary of majority employees

24% less than the average Underwriting Manager Salary in Insurance Companies for 4 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriting Manager Salary 4 - 13 years exp. (6 salaries)	₹2.8 L/yr - ₹9.2 L/yr
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Marketing & Communication Underwriting Manager Salary 14 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.1 L/yr

Last Updated: 25 Apr 2024

Companies similar to Kotak Mahindra General Insurance for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (10 salaries)	₹5.8 L/yr - ₹14.5 L/yr 37% more
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 64% more
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Bajaj Allianz General Insurance Underwriting Manager Salary 14 - 17 years exp. (4 salaries)	₹19 L/yr - ₹22 L/yr 216% more
Reliance General Insurance Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹4.5 L/yr - ₹11.6 L/yr 12% more
Tata AIG Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹5.2 L/yr - ₹14.5 L/yr 38% more
SBI General Insurance Underwriting Manager Salary 7 - 15 years exp. (25 salaries)	₹5.8 L/yr - ₹13.5 L/yr 56% more
Future Generali India Life Insurance Underwriting Manager Salary 9 - 13 years exp. (6 salaries)	₹10 L/yr - ₹13 L/yr 71% more
Care Health Insurance Underwriting Manager Salary 0 - 9 years exp. (23 salaries)	₹2.4 L/yr - ₹7.3 L/yr 26% less
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 22% more
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (7 salaries)	₹5.1 L/yr - ₹8.4 L/yr 5% less
Cholamandalam MS General Insurance Underwriting Manager Salary 5 - 15 years exp. (6 salaries)	₹4.4 L/yr - ₹11.9 L/yr 22% more
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Aditya Birla Health Insurance Co Underwriting Manager Salary 9 - 11 years exp. (5 salaries)	₹8.2 L/yr - ₹10.5 L/yr 46% more
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 93% more
IndiaFirst Life Insurance Underwriting Manager Salary 13 - 20 years exp. (4 salaries)	₹12 L/yr - ₹14 L/yr 88% more
Pramerica Life Insurance Underwriting Manager Salary 10 - 14 years exp. (4 salaries)	₹12.5 L/yr - ₹13.7 L/yr 96% more

Underwriting Manager salary at Kotak Mahindra General Insurance ranges between ₹2.8 Lakhs to ₹11.1 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Underwriting Manager salaries

Last Updated: 25 Apr 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹2.8 L/yr
5 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4.9 L/yr
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6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹6.9 L/yr
7 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹10.2 L/yr
9 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
10 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
11 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
12 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹16.7 L/yr
13 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹18.3 L/yr
14 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹12.8 L/yr

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Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary

(233 salaries)

₹2.95 L/yr - ₹7.12 L/yr

Chief Manager Salary

(55 salaries)

₹8.3 L/yr - ₹18.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Management Trainee Salary

(12 salaries)

₹3 L/yr - ₹4 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹1.7 L/yr - ₹2.2 L/yr

Assistant Vice President Salary

(5 salaries)

₹22.5 L/yr - ₹30.8 L/yr

Associate Vice President Salary

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₹14.3 L/yr - ₹27.54 L/yr

Salary related reviews for Kotak Mahindra General Insurance

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

Dislikes

Lack of knowledge system is very poor to handle it feels like i m working in government

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.

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.

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

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

Dislikes

Sitting arrangements is not proper and they are not doing any cultural progress and any picnic . IT service slow and management is slow.

Sales Officer in Bhubaneswar

Other Department

4.0

• posted on 12 Oct 2019

4.0

for Salary and Benefits

Likes

I like to working about Kotak Mahindra General Insurance Co Ltd because this is the best platform about carrier buildup and have much more opportunity so i like to work in Kotak Mahindra General Insurance Co Ltd.

Dislikes

I dislike about working at Kotak Mahindra General Insurance Co Ltd is not gossiping team member each other and also not any politics

see more salary related reviews

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Kotak Mahindra General Insurance Underwriting Manager Salary FAQs

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

Underwriting Manager salary at Kotak Mahindra General Insurance in India ranges between ₹2.8 Lakhs to ₹11.1 Lakhs for experience between 4 years to 14 years. According to our estimates it is 24% less than the average Underwriting Manager Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra General Insurance India.

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

The average salary of a Underwriting Manager at Kotak Mahindra General Insurance is 24% less than the average salary of a Underwriting Manager in India. To know exact salary insights, login to view.

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

Bajaj Allianz General Insurance Underwriting Manager Salary - ₹19.0 Lakhs to ₹22.0 Lakhs per year
Pramerica Life Insurance Underwriting Manager Salary - ₹12.5 Lakhs to ₹13.7 Lakhs per year
HDFC Life Underwriting Manager Salary - ₹9.7 Lakhs to ₹18.5 Lakhs per year
IndiaFirst Life Insurance Underwriting Manager Salary - ₹12.0 Lakhs to ₹14.0 Lakhs per year
Future Generali India Life Insurance Underwriting Manager Salary - ₹10.0 Lakhs to ₹13.0 Lakhs per year

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

HDFC Ergo General Insurance Underwriting Manager Salary - ₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance Underwriting Manager Salary - ₹5.8 Lakhs to ₹13.5 Lakhs per year
Aditya Birla Health Insurance Co Underwriting Manager Salary - ₹8.2 Lakhs to ₹10.5 Lakhs per year
Tata AIG Underwriting Manager Salary - ₹5.2 Lakhs to ₹14.5 Lakhs per year
ICICI Lombard General Insurance Company Underwriting Manager Salary - ₹5.8 Lakhs to ₹14.5 Lakhs per year

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

The estimated take-home salary of a Underwriting Manager at Kotak Mahindra General Insurance ranges between ₹50,692 per month to ₹51,888 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Underwriting Manager salary in India which ranges between ₹2.8 Lakhs to ₹11.1 Lakhs per year for employees with experience between 4 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 80% of the Kotak Mahindra General Insurance Underwriting Managers reported a notice period of 3 Months, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Underwriting Manager Salaries

Kotak Mahindra General Insurance Underwriting Manager salary in India ranges between ₹2.8 Lakhs to ₹11.1 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.