Kotak Mahindra General Insurance Underwriting Manager Salaries by 7 Employees

4 - 14 years exp.

₹2.8 Lakhs - ₹9.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

23% 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
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 60% more
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 21% more
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ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (10 salaries)	₹5.8 L/yr - ₹14.5 L/yr 31% more
Cholamandalam MS General Insurance Underwriting Manager Salary 4 - 13 years exp. (7 salaries)	₹4.4 L/yr - ₹11.9 L/yr 16% more
Future Generali India Life Insurance Underwriting Manager Salary 9 - 13 years exp. (6 salaries)	₹10 L/yr - ₹13 L/yr 67% 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
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
IndiaFirst Life Insurance Underwriting Manager Salary 13 - 15 years exp. (3 salaries)	₹10.8 L/yr - ₹13.8 L/yr 76% 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
Login to view exact salary
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

View all

Similar Designation salaries in Kotak Mahindra General Insurance

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Chief Manager Salary

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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

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Associate 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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Kotak Mahindra General Insurance Underwriting Manager Salary FAQs

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

The average salary of a Underwriting Manager at Kotak Mahindra General Insurance in India typically ranges from ₹2.8 Lakhs to ₹9.2 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of Underwriting Manager at Kotak Mahindra General Insurance earn more than ₹9.2 Lakhs per year, and the top 1% earn over ₹9.2 Lakhs per year. Underwriting 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 7 Kotak Mahindra General Insurance employees in India.

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 in India typically ranges from ₹52,117 to ₹53,346 per month. This is based on the average salary range of ₹2.8 Lakhs to ₹9.2 Lakhs per year for employees with experience ranging from 4 years to 14 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 7 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 Underwriting Manager in India?

XL Catlin	₹17.5 Lakhs to ₹20.0 Lakhs per year
HDFC Life	₹9.7 Lakhs to ₹18.5 Lakhs per year
IndiaFirst Life Insurance	₹10.8 Lakhs to ₹13.8 Lakhs per year
Future Generali India Life Insurance	₹10.0 Lakhs to ₹13.0 Lakhs per year
HDFC Ergo General Insurance	₹5.1 Lakhs to ₹18.5 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 Underwriting Manager in companies similar to Kotak Mahindra General Insurance in India?

The salary of a Underwriting Manager 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:

Aditya Birla Health Insurance Co	₹8.2 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company	₹5.8 Lakhs to ₹14.5 Lakhs per year
ICICI Prudential Life Insurance	₹6.0 Lakhs to ₹10.5 Lakhs per year
Cholamandalam MS General Insurance	₹4.4 Lakhs to ₹11.9 Lakhs per year
Kotak Mahindara Life Insurance	₹5.1 Lakhs to ₹8.4 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 Underwriting Manager at Kotak Mahindra General Insurance in India?

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

Experience	Average Salary Range
4 years	₹2.8 Lakhs to ₹7.6 Lakhs per year
5 years	₹1.9 Lakhs to ₹4.9 Lakhs per year
6 years	₹3.2 Lakhs to ₹9.5 Lakhs per year
7 years	₹5.2 Lakhs to ₹6.6 Lakhs per year

and so on.

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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.