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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Advisor salaries in India

Annual salary range
1 - 4 years exp.
₹1 Lakh - ₹4 Lakhs
Salary of majority employees
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49% less than the average Advisor Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Advisor Salary
1 - 4 years exp. (4 salaries)
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₹2 L/yr - ₹2.5 L/yr

Customer Success, Service & Operations
Advisor Salary
1 - 3 years exp. (4 salaries)
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₹1.2 L/yr - ₹2.8 L/yr

Sales & Business Development
Advisor Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr

Finance & Accounting
Advisor Salary
1 year exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.9 L/yr

Last Updated: 22 Sep 2024

Companies similar to Kotak Mahindara Life Insurance for Advisor

Company name Avg Annual Salary Open Jobs
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₹0.6 L/yr - ₹7.4 L/yr

arrow icon 16% more
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HDFC Life Advisor Salary

0 - 5 years exp. (19 salaries)

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₹0.9 L/yr - ₹4.8 L/yr

arrow icon 1% more
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SBI Life Insurance Company Advisor Salary

0 - 10 years exp. (96 salaries)

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₹1 L/yr - ₹5.8 L/yr

arrow icon 20% more
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Max Life Insurance Advisor Salary

0 - 6 years exp. (59 salaries)

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₹1.2 L/yr - ₹5 L/yr

arrow icon 16% more
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Reliance Nippon Life Insurance Advisor Salary

0 - 6 years exp. (30 salaries)

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₹1 L/yr - ₹5.1 L/yr

arrow icon 16% less
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₹1 L/yr - ₹3.5 L/yr

arrow icon 24% less
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Tata AIA Life Insurance Advisor Salary

1 - 6 years exp. (37 salaries)

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₹0.9 L/yr - ₹5 L/yr

arrow icon 7% less
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PNB MetLife Advisor Salary

1 - 2 years exp. (4 salaries)

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₹1.2 L/yr - ₹2.5 L/yr

arrow icon 17% less
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₹1 L/yr - ₹6 L/yr

arrow icon 33% more
1 job opening
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Gallagher Advisor Salary

0 - 6 years exp. (39 salaries)

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₹3.1 L/yr - ₹7 L/yr

arrow icon 69% more
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Star Health & Allied Insurance Advisor Salary

1 - 8 years exp. (16 salaries)

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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 14% more
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₹1.3 L/yr - ₹4 L/yr

arrow icon 8% less
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₹2.8 L/yr - ₹6 L/yr

arrow icon 63% more
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SBI General Insurance Advisor Salary

2 - 6 years exp. (5 salaries)

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₹1.7 L/yr - ₹4.5 L/yr

arrow icon 15% more
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The Oriental Insurance Co. Advisor Salary

2 - 7 years exp. (5 salaries)

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₹1.3 L/yr - ₹5.2 L/yr

arrow icon 2% more
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The New India Assurance Co. Advisor Salary

3 - 5 years exp. (4 salaries)

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₹0.6 L/yr - ₹4 L/yr

arrow icon 19% less
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HDFC Ergo General Insurance Advisor Salary

0 - 2 years exp. (4 salaries)

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₹1.8 L/yr - ₹2.6 L/yr

arrow icon 2% more
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Shriram Life Insurance Advisor Salary

1 - 4 years exp. (3 salaries)

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₹2.1 L/yr - ₹2.4 L/yr

arrow icon 15% less
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₹2.2 L/yr - ₹2.8 L/yr

arrow icon 5% less
Advisor salary at Kotak Mahindara Life Insurance ranges between ₹1 Lakh to ₹4 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 18 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Advisor

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Experience wise Kotak Mahindara Life Insurance Advisor salaries

Last Updated: 22 Sep 2024

Experience Avg Annual Salary
1 year  (7 salaries)

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₹1 L/yr - ₹3.5 L/yr
2 years  (4 salaries)

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₹1.1 L/yr - ₹3 L/yr
3 years  (5 salaries)

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₹1.7 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)

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₹1 L/yr - ₹4.8 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Analyst Salary
(4 salaries)
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₹2.6 L/yr - ₹15.8 L/yr
Agent Salary
(8 salaries)
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₹1 L/yr - ₹2.07 L/yr
Team Lead Salary
(42 salaries)
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₹1.2 L/yr - ₹6.23 L/yr
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₹2.8 L/yr - ₹3.51 L/yr
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₹3.85 L/yr - ₹5.17 L/yr
Sales Executive Salary
(34 salaries)
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₹1.05 L/yr - ₹5 L/yr
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₹1.8 L/yr - ₹4 L/yr
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₹1.1 L/yr - ₹2.25 L/yr
Customer Service Associate Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
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₹1.2 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.1

Rated by 7 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 12 Oct 2023

1.0
 for  Salary and Benefits

Likes

Noting, just nothing

Dislikes

They will call you for the interview and will say that you will get 30k 40k as salary. When you will join, then you will understand all 30-40k depends on the target. They will say there is no target. But there is target guys. Thats why I left within a month.

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Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

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Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

Dislikes

... 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."

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Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 18 Nov 2024

1.0
 for  Salary and Benefits

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.

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Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 01 May 2024

2.0
 for  Salary and Benefits

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.

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Kotak Mahindara Life Insurance Advisor Salary FAQs

What is the salary of Advisor at Kotak Mahindara Life Insurance?
Advisor salary at Kotak Mahindara Life Insurance in India ranges between ₹1.0 Lakhs to ₹4.0 Lakhs for experience between 1 years to 4 years. According to our estimates it is 49% less than the average Advisor Salary in India. Salary estimates are based on 18 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Advisor at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Advisor at Kotak Mahindara Life Insurance is 49% less than the average salary of a Advisor in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Advisor in India?
  • Gallagher Advisor Salary - ₹3.1 Lakhs to ₹7.0 Lakhs per year
  • United India Insurance Company Advisor Salary - ₹2.8 Lakhs to ₹6.0 Lakhs per year
  • Life Insurance Corporation of India Advisor Salary - ₹1.0 Lakhs to ₹6.0 Lakhs per year
  • SBI Life Insurance Company Advisor Salary - ₹1.0 Lakhs to ₹5.8 Lakhs per year
  • ICICI Prudential Life Insurance Advisor Salary - ₹0.6 Lakhs to ₹7.4 Lakhs per year
What is the salary of a Advisor in companies similar to Kotak Mahindara Life Insurance in India?
  • Max Life Insurance Advisor Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
  • SBI General Insurance Advisor Salary - ₹1.7 Lakhs to ₹4.5 Lakhs per year
  • Star Health & Allied Insurance Advisor Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
  • HDFC Ergo General Insurance Advisor Salary - ₹1.8 Lakhs to ₹2.6 Lakhs per year
  • The Oriental Insurance Co. Advisor Salary - ₹1.3 Lakhs to ₹5.2 Lakhs per year
What is the estimated take home salary of a Advisor at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Advisor at Kotak Mahindara Life Insurance ranges between ₹17,672 per month to ₹19,370 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Advisor salary in India which ranges between ₹1.0 Lakhs to ₹4.0 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?
What is the notice period for Advisor at Kotak Mahindara Life Insurance?
According to AmbitionBox, 60% of the Kotak Mahindara Life Insurance Advisors reported a notice period of 15 days or less, 23% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 30 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Advisor salary in India ranges between ₹1 Lakh to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 18 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.