Kotak Mahindara Life Insurance Bancassurance Manager Reviews

Likes

Managerial support.

Dislikes

"As an employee at Kotak Life Insurance, I've encountered several challenges that have affected my satisfaction with the company. The workload is often overwhelming, with unrealistic targets and expectations set by management. There's a lack of adequate support and training, making it difficult to perform tasks efficiently. Additionally, communication within the team and with higher management can be unclear and inconsistent, leading to misunderstandings and delays in decision-making. Company gives me 2.5% hike in appraisal after achieving a 70% of YTD Target.... Appraisal and salary hike processes at Kotak Life Insurance are deeply disappointing. Despite dedicated efforts and meeting performance targets, the appraisal system feels arbitrary and lacks transparency. Promises of career growth and salary increments are often unfulfilled, leaving employees demotivated and undervalued. There’s a noticeable disparity between the workload expectations and the compensation provided, which doesn’t align with industry standards. This undermines morale and loyalty among employees, impacting overall productivity and retention. Clearer and fairer appraisal policies are urgently needed to retain talent and boost employee satisfaction."...Read More

Work Details

Work days: Monday to Saturday (Strict Timings)

Work related travel: This job involves Travel Within City.

Likes

While my feedback depends on my personal experience. The reality might definitely vary from team to team and process to process. As of my experience, please do not come to this company. It's Mumbai - Goregaon branch is 4 km distant from the railway station and it's a time consuming travel. Other than this, the working experience is like living hell. No fixed timings, you will start your shift at 10.30 am and leave home at 10 pm. The process are dull manual. You will die working on your files but still the file wont be up to date. Because while you were working on your file, 100 more things have happened. But they expect a real time updated file. Don't come here....Read More

Dislikes

Everything is to be disliked. Wrote dislike in the Like section.

Work Details

Work timings: Strict Timings

Work related travel: This is a desk job.

Likes

Nothing

Dislikes

Hopless monopoly company with no hikes notice period with approval on reporting managers ,Employee has to wait For FF no growth concall tortures no hastle free process,Deviations at the it's like 80's type stereotype bunch of b**@*running the company with friendly benifits Toxic Managers make work you in May 1 labour day while they enjoy their holiday

Work Details

Work days: Alternate Saturday off (Strict Timings)

Work related travel: This is a desk job.

Likes

I would like to thanks to Kotak Life for giving me opportunity, I have learned lot of things, Skills and knowledge from here. In my view I like company culture only .

Dislikes

In my point of view, I dislike the most about company that the company is not aggressive for employee salary & benefits same is for Promotion/appraisal. the company needs to improve these things. . . because the ground level employee is a key to success for organization and for all . . .

Work Details

Work days: Monday to Saturday (Strict Timings)

Work related travel: This job involves Travel Within City.

Likes

I work in banca channel overall experience is good in kotak but the work process is very slow and the product is not very much good as compare to other companies . But kotak really helps the job gap and unemployment people to find their job

Dislikes

Work process and system because this is very slow and unrealistic

Work Details

Work days: Monday to Saturday (Flexible Timings)

Work related travel: This job involves Travel Within City.

Likes

Only job security

Dislikes

Work environment was not at all good hr and manager gives false commitment they ask to come on Sunday without pay 7 days a week and daily extend shift without any OT or something no positive environment they treat us like machine

Work Details

Work timings: Strict Timings

Work related travel: This is a desk job.

Likes

the work-life balance is good. The working environment is good Management- the managers are friendly and supportive. 

Dislikes

Salary growth is not worth properly accordingly to work load.

Work Details

Work days: Alternate Saturday off (Strict Timings)

Work related travel: This job involves Travel Within City.

Likes

Work culture is sincerely very good over here. Management does not disturb you unless you are not at all doing your job.

Dislikes

Salary and incentive is lesser than direct channel or other market.

Work Details

Work days: Alternate Saturday off (Strict Timings)

Work related travel: This job involves Travel Within City.

Likes

1. Nothing

Dislikes

1. No work life Balance ( No holiday, everyday You have to work although in Callender Weekly off is mentioned) 2. Bad in employee's problem solving 3. Everyday VC, intentionally to humiliate the employee 4. Career growth is very stagnant 5. Service to the Advisor is pathetic 6. No job security 7. Regular Termination 8. Very less branch availability leads to pathetic customer service. Only 5 Branches in Odisha...Read More

Work Details

Work timings: Strict Timings

Likes

work life balance and the culture of the organization

Dislikes

Salary not up to the mark. not paid as per industry standard. additional branches, additional works given without proper hike in salary. Branches have poor depressing culture, no celebration, revenue generating teams at branches are recognized, not the backend teams irrespective of their contribution to the success. Overall branches are not happy place to work.

Work Details

Work timings: Strict Timings

Likes

Good for incentives if you are okey with insults every day

Dislikes

Work culture the way people talk their words cheap words no professional behaviour asking about personal life is more interesting then working … even for higher level people so no my type I’ve been to really great work places but this is company is my big mistake

Work Details

Work timings: Strict Timings

Work related travel: This job involves Travel Within City.

Likes

This is the worst company I have ever worked for

Dislikes

I dislike everything about this company, even after resignation they didn't approve it and after 2 months of my resignation they called me, after several email I have to do for my relieving and said now they will process my relieving and my fnf will come after 45 days from now. Pathetic behaviour of HRVP.

Work Details

Work days: Monday to Saturday (Strict Timings)

Work related travel: This job involves Travel Within City, Travel Within Country.

Likes

Nothing good to write about.

Dislikes

Can't even count the dislikes. 1. You are never sure that you will get your salary on time. HR can (by mistake) mistakes at time of salary credit. 2. Upper management lies alot. 3. You wont learn anything, if u have ideas of growth and benificial for the company (Forget It) 4. HR is just a word, the people of the department don't know what HR does for a change. 5. You will be promissed alot of things at time of joining, rest assured they are just a myth. This list can go on and on, i just don't wanna waste my time on them anymore....Read More

Work Details

Work days: Monday to Saturday (Strict Timings)

Work related travel: This job involves Travel Within City.

Likes

Good channel to work payout, incentives for partners are very good Every thing is good except the regional head.

Dislikes

One of the worst manager I got in kotak life wealth channel. Manager name is sandeep Patel He don't know how to behave towards employee he is the person you will be in depressed and anxiety.

Work Details

Work timings: Flexible Timings

Likes

Workplace is good. Company with high job security.

Dislikes

The system and processes are outdated. Rewards and Recognition to employees are not on their top of their mind. Profit centric company lesser focus on spending money for better result or capturing larger market share. Products are not competitive.

Work Details

Work days: Monday to Saturday (Strict Timings)

Work related travel: This is a desk job.

Likes

Nothing

Dislikes

Terrible work life balance, I had medical issues I was on leave still they forced me to work from home. I had my one foot fractured but I had to join office within 5 days. Terrible office politics. Not safe environment for female staff as well, will never recommend anyone to work with this organisation. You need to come office sharp9:30 before time, but cannot leave as per shift time, they would want you to stay back till 8/9/9:30 pm as well. Worst culture I have ever seen. Badi badi bate karte h buss, don't fall in their honey trap....Read More

Work Details

Work days: Alternate Saturday off (Strict Timings)

Work related travel: This job involves Travel Within Country.