Kotak Mahindra General Insurance Vice President Salaries by 10+ Employees (Updated 2025)

19 - 25 years exp.

₹30 Lakhs - ₹43 Lakhs

Salary of majority employees

Fixed (82%)

₹30.9 Lakhs

Variable (18%)

₹6.6 Lakhs

23% less than the average Vice President Salary in Insurance Companies for 19 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading Vice President Salary 19 - 20 years exp. (AmbitionBox Estimate)	₹33.3 L/yr - ₹38.3 L/yr
Consulting Vice President Salary 19 - 20 years exp. (AmbitionBox Estimate)	₹37.9 L/yr - ₹43 L/yr
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Strategic & Top Management Vice President Salary 21 - 23 years exp. (AmbitionBox Estimate)	₹35.6 L/yr - ₹40 L/yr

Last Updated: 8 Mar 2025

Companies similar to Kotak Mahindra General Insurance for Vice President

Company name	Avg Annual Salary	Open Jobs
Swiss Re Vice President Salary 10 - 20 years exp. (100 salaries)	₹29.5 L/yr - ₹87 L/yr 50% more
Kotak Mahindara Life Insurance Vice President Salary 14 - 21 years exp. (46 salaries)	₹22.3 L/yr - ₹45 L/yr 14% less
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HDFC Life Vice President Salary 12 - 27 years exp. (39 salaries)	₹26 L/yr - ₹72 L/yr 27% more	4 job openings
ICICI Lombard General Insurance Company Vice President Salary 14 - 23 years exp. (34 salaries)	₹32.1 L/yr - ₹94 L/yr 49% more
Marsh India Insurance Brokers Vice President Salary 12 - 20 years exp. (30 salaries)	₹20 L/yr - ₹38.7 L/yr 26% less
HDFC Ergo General Insurance Vice President Salary 15 - 31 years exp. (29 salaries)	₹28.4 L/yr - ₹65.3 L/yr 19% more
IndiaFirst Life Insurance Vice President Salary 16 - 28 years exp. (14 salaries)	₹41 L/yr - ₹72 L/yr 40% more
Future Generali India Life Insurance Vice President Salary 18 - 27 years exp. (13 salaries)	₹30 L/yr - ₹54 L/yr 9% more
ICICI Prudential Life Insurance Vice President Salary 17 - 23 years exp. (11 salaries)	₹27 L/yr - ₹50 L/yr At par
Edelweiss Life Insurance Vice President Salary 19 - 22 years exp. (9 salaries)	₹28 L/yr - ₹45 L/yr 3% less
AXA Business Services Vice President Salary 11 - 25 years exp. (7 salaries)	₹70 L/yr - ₹1 Cr/yr 150% more
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Bharti AXA Life Insurance Vice President Salary 15 - 20 years exp. (6 salaries)	₹32.5 L/yr - ₹98 L/yr 84% more
Aditya Birla Health Insurance Co Vice President Salary 14 - 20 years exp. (6 salaries)	₹51 L/yr - ₹97 L/yr 127% more
Medi Assist India Vice President Salary 16 - 22 years exp. (6 salaries)	₹25 L/yr - ₹51 L/yr 5% less
Smc Insurance Brokers Vice President Salary 15 - 31 years exp. (4 salaries)	₹25 L/yr - ₹53 L/yr 6% more
MetLife Vice President Salary 12 - 22 years exp. (3 salaries)	₹1 Cr/yr - ₹1 Cr/yr 169% more

Vice President salary at Kotak Mahindra General Insurance ranges between ₹30 Lakhs to ₹43 Lakhs per year for employees with experience between 19 years to 25 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Vice President salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
15+ years (11 salaries)	₹30 L/yr - ₹43 L/yr
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Similar Designation salaries in Kotak Mahindra General Insurance

Senior Vice President Salary

(AmbitionBox Estimate)

₹38.3 L/yr - ₹48.9 L/yr

Associate Vice President Salary

(19 salaries)

₹8 L/yr - ₹26.05 L/yr

Assistant Vice President Salary

(5 salaries)

₹22.5 L/yr - ₹30.8 L/yr

Vice President Operations Salary

(AmbitionBox Estimate)

₹37.8 L/yr - ₹48.3 L/yr

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Project Manager Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Deputy Manager Salary

(232 salaries)

₹2.95 L/yr - ₹7.12 L/yr

Operations Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5.38 L/yr

Operations Executive Salary

(6 salaries)

₹2.6 L/yr - ₹4 L/yr

Deputy General Manager Salary

(4 salaries)

₹4.5 L/yr - ₹5.3 L/yr

Salary related reviews for Kotak Mahindra General Insurance

3.0

Rated by 1 employees for salary & benefits

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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Kotak Mahindra General Insurance Vice President Salary FAQs

What is the salary of Vice President at Kotak Mahindra General Insurance ?

The average salary of a Vice President at Kotak Mahindra General Insurance in India typically ranges from ₹30.0 Lakhs to ₹43.0 Lakhs per year, depending on experience (from 19 years to 25 years).

The top 10% of Vice President at Kotak Mahindra General Insurance earn more than ₹43.0 Lakhs per year, and the top 1% earn over ₹43.0 Lakhs per year. Vice President 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 10+ Kotak Mahindra General Insurance employees in India.

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

The estimated take-home salary of a Vice President at Kotak Mahindra General Insurance in India typically ranges from ₹2,24,915 to ₹2,33,948 per month. This is based on the average salary range of ₹30.0 Lakhs to ₹43.0 Lakhs per year for employees with experience ranging from 19 years to 25 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 10+ 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 Vice President in India?

MetLife	₹100.0 Lakhs to ₹102.0 Lakhs per year
AXA Business Services	₹70.0 Lakhs to ₹100.0 Lakhs per year
Aditya Birla Health Insurance Co	₹51.0 Lakhs to ₹97.0 Lakhs per year
Bharti AXA Life Insurance	₹32.5 Lakhs to ₹98.0 Lakhs per year
Swiss Re	₹29.5 Lakhs to ₹87.0 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 Vice President in companies similar to Kotak Mahindra General Insurance in India?

The salary of a Vice President 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 Lombard General Insurance Company	₹32.1 Lakhs to ₹94.0 Lakhs per year
IndiaFirst Life Insurance	₹41.0 Lakhs to ₹72.0 Lakhs per year
HDFC Life	₹26.0 Lakhs to ₹72.0 Lakhs per year
HDFC Ergo General Insurance	₹28.4 Lakhs to ₹65.3 Lakhs per year
Future Generali India Life Insurance	₹30.0 Lakhs to ₹54.0 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 Vice President at Kotak Mahindra General Insurance in India?

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

Experience	Average Salary Range
15 years	₹30.0 Lakhs to ₹43.0 Lakhs per year

and so on.

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Kotak Mahindra General Insurance Vice President Salaries

Kotak Mahindra General Insurance Vice President salary in India ranges between ₹30 Lakhs to ₹43 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.