Kotak Mahindra General Insurance Underwriting Manager Salaries by 7 Employees (Updated 2025)

4 - 14 years exp.

₹2.8 Lakhs - ₹9.2 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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Last Updated: 7 Jan 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. (9 salaries)	₹5.8 L/yr - ₹14.5 L/yr 31% more
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 60% more
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Bajaj Allianz General Insurance Underwriting Manager Salary 14 - 17 years exp. (4 salaries)	₹19 L/yr - ₹22 L/yr 208% more
Reliance General Insurance Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹4.5 L/yr - ₹13.6 L/yr 13% more
Tata AIG Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹5.2 L/yr - ₹14.5 L/yr 35% more
SBI General Insurance Underwriting Manager Salary 7 - 13 years exp. (23 salaries)	₹5.8 L/yr - ₹13.5 L/yr 60% more
Future Generali India Life Insurance Underwriting Manager Salary 9 - 13 years exp. (6 salaries)	₹10 L/yr - ₹13 L/yr 67% more
Care Health Insurance Underwriting Manager Salary 0 - 9 years exp. (23 salaries)	₹2.4 L/yr - ₹7.3 L/yr 31% less
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 19% more
Cholamandalam MS General Insurance Underwriting Manager Salary 5 - 15 years exp. (6 salaries)	₹4.4 L/yr - ₹11.9 L/yr 19% more
Aditya Birla Health Insurance Co Underwriting Manager Salary 9 - 11 years exp. (5 salaries)	₹8.2 L/yr - ₹10.5 L/yr 42% more
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HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 88% more
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 7% less
XL Catlin Underwriting Manager Salary 14 - 16 years exp. (3 salaries)	₹17.5 L/yr - ₹20 L/yr 172% more

Underwriting Manager salary at Kotak Mahindra General Insurance ranges between ₹2.8 Lakhs to ₹9.2 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: 7 Jan 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7.6 L/yr
5 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹4.9 L/yr
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6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹9.5 L/yr
7 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
8 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹11.3 L/yr
9 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
10 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
11 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9 L/yr
12 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹9.2 L/yr
13 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹9.1 L/yr
14 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹16.9 L/yr

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Senior Analyst Salary

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Assistant Vice President Salary

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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

see more salary related reviews

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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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 ₹9.2 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
XL Catlin Underwriting Manager Salary - ₹17.5 Lakhs to ₹20.0 Lakhs per year
HDFC Life Underwriting Manager Salary - ₹9.7 Lakhs to ₹18.5 Lakhs per year
Future Generali India Life Insurance Underwriting Manager Salary - ₹10.0 Lakhs to ₹13.0 Lakhs per year
SBI General Insurance Underwriting Manager Salary - ₹5.8 Lakhs to ₹13.5 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
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
ICICI Prudential Life Insurance Underwriting Manager Salary - ₹6.0 Lakhs to ₹10.5 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 ₹52,117 per month to ₹53,346 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 ₹9.2 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, 75% of the Kotak Mahindra General Insurance Underwriting Managers reported a notice period of 3 Months, 25% reported a notice period of 1 Month.This is based on 4 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 ₹9.2 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.