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Kotak Mahindra General Insurance Vice President salaries in India (Updated 2025)

Annual salary range
19 - 25 years exp.
₹30 Lakhs - ₹43 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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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)
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₹33.3 L/yr - ₹38.1 L/yr

Consulting
Vice President Salary
19 - 20 years exp. (AmbitionBox Estimate)
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₹39.3 L/yr - ₹43 L/yr

Strategic & Top Management
Vice President Salary
21 - 23 years exp. (AmbitionBox Estimate)
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₹35.6 L/yr - ₹40 L/yr

Last Updated: 2 Apr 2025

Companies similar to Kotak Mahindra General Insurance for Vice President

Company name Avg Annual Salary Open Jobs
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Swiss Re Vice President Salary

10 - 20 years exp. (105 salaries)

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₹29.5 L/yr - ₹87 L/yr

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₹19.7 L/yr - ₹45 L/yr

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HDFC Life Vice President Salary

12 - 27 years exp. (39 salaries)

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₹26 L/yr - ₹72 L/yr

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4 job openings
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₹32.1 L/yr - ₹94 L/yr

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₹20 L/yr - ₹38.7 L/yr

arrow icon 26% less
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₹28.4 L/yr - ₹65.3 L/yr

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IndiaFirst Life Insurance Vice President Salary

16 - 28 years exp. (14 salaries)

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₹41 L/yr - ₹72 L/yr

arrow icon 39% more
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₹30 L/yr - ₹54 L/yr

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₹27 L/yr - ₹50 L/yr

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Edelweiss Life Insurance Vice President Salary

19 - 22 years exp. (9 salaries)

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₹28 L/yr - ₹45 L/yr

arrow icon 3% less
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AXA Business Services Vice President Salary

11 - 25 years exp. (7 salaries)

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₹70 L/yr - ₹1 Cr/yr

arrow icon 150% more
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Bharti AXA Life Insurance Vice President Salary

15 - 20 years exp. (6 salaries)

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₹32.5 L/yr - ₹98 L/yr

arrow icon 83% more
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₹51 L/yr - ₹97 L/yr

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Medi Assist India Vice President Salary

16 - 22 years exp. (6 salaries)

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₹25 L/yr - ₹51 L/yr

arrow icon 5% less
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Smc Insurance Brokers Vice President Salary

15 - 31 years exp. (4 salaries)

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₹25 L/yr - ₹53 L/yr

arrow icon 6% more
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MetLife Vice President Salary

12 - 22 years exp. (3 salaries)

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₹1 Cr/yr - ₹1 Cr/yr

arrow icon 168% 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.

Latest annual salaries shared by Kotak Mahindra General Insurance Vice President

2d ago
₹40 Lakhs
23 years exp.
3mo ago
₹43 Lakhs
20 years exp.
11mo ago
₹40.7 Lakhs
20 years exp.
1y ago
₹30 Lakhs
21 years exp.
1y ago
₹43 Lakhs
19 years exp.
1y ago
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21 years exp.
1y ago
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19 years exp.
1y ago
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20 years exp.
1y ago
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25 years exp.

Experience wise Kotak Mahindra General Insurance Vice President salaries

Last Updated: 2 Apr 2025

Experience Avg Annual Salary
15+ years  (11 salaries)

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₹30 L/yr - ₹43 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

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₹40 L/yr - ₹45 L/yr
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₹8 L/yr - ₹26.05 L/yr
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₹22.5 L/yr - ₹30.8 L/yr
Vice President Operations Salary
(AmbitionBox Estimate)
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₹37.8 L/yr - ₹48.3 L/yr
Branch Manager Salary
(6 salaries)
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₹5.9 L/yr - ₹8.6 L/yr
Project Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.3 L/yr
Deputy Manager Salary
(216 salaries)
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₹2.95 L/yr - ₹7 L/yr
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₹2.15 L/yr - ₹5.38 L/yr
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₹2.6 L/yr - ₹4 L/yr
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₹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

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.

read more
  • Salary - Bad
  • +5 more

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

read more
  • 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

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.

read more
  • Skill development - Excellent
  • +2 more

Dislikes

Work life balance and the supervisor behaviour is too much pathetic.

  • Promotions - Poor
  • +2 more

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.

read more
  • Salary - Poor
  • +1 more

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.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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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 ₹2,25,242 to ₹2,34,289 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.

Tell us how to improve this page.

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