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Kotak Mahindara Life Insurance Advisor salaries in Kolkata

Annual salary range
1 - 4 years exp.
₹1 Lakh - ₹3.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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50% less than the average Advisor Salary in Insurance Companies for 1 - 4 years of experience

Interested in this particular role?

Last Updated: 24 Nov 2023

Companies similar to Kotak Mahindara Life Insurance for Advisor in Kolkata

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Kotak Mahindara Life Insurance Advisor Salary

1 - 4 years exp. (6 salaries)

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₹1 L/yr - ₹3.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Tata AIA Life Insurance Advisor Salary

1 - 4 years exp. (14 salaries)

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₹1 L/yr - ₹5 L/yr

arrow icon 11% more
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Axis Max Life Insurance Advisor Salary

0 - 6 years exp. (5 salaries)

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₹1.2 L/yr - ₹2.9 L/yr

arrow icon 29% more
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₹1 L/yr - ₹2 L/yr

arrow icon 15% less
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HDFC Life Advisor Salary

0 - 2 years exp. (5 salaries)

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₹1.2 L/yr - ₹2.4 L/yr

arrow icon 6% more
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SBI Life Insurance Company Advisor Salary

4 - 7 years exp. (4 salaries)

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₹1.4 L/yr - ₹3 L/yr

arrow icon 28% more
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₹1.1 L/yr - ₹2.5 L/yr

arrow icon 12% more
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₹1.5 L/yr - ₹2.4 L/yr

arrow icon 6% less
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₹2 L/yr - ₹2.6 L/yr

arrow icon 3% more
Advisor salary at Kotak Mahindara Life Insurance ranges between ₹1 Lakh to ₹3.5 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Advisor in Kolkata

1y ago
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1 year exp.
1y ago
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3 years exp.

Experience wise Kotak Mahindara Life Insurance Advisor salaries in Kolkata

Last Updated: 24 Nov 2023

Experience Avg Annual Salary
1 year  (3 salaries)

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₹1.8 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.6 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Team Lead Salary
(13 salaries)
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₹1.2 L/yr - ₹6.95 L/yr
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₹0.8 L/yr - ₹4.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

1.0

Rated by 1 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.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

  • Company culture - Good

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."

read more
  • Salary - Bad
  • +2 more

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

  • Job security - Good
  • +2 more

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.

read more
  • Salary - Bad
  • +1 more

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.

read more
  • Salary - Poor
  • +6 more

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
  • Job security - Excellent
  • +2 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

read more
  • Salary - Poor
  • +1 more
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Kotak Mahindara Life Insurance Advisor Salary FAQs

What is the salary of Advisor at Kotak Mahindara Life Insurance in Kolkata?
The average salary of a Advisor at Kotak Mahindara Life Insurance in Kolkata typically ranges from ₹1.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Advisor in Kolkata at Kotak Mahindara Life Insurance earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Advisor Salaries at Kotak Mahindara Life 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 6 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Advisor at Kotak Mahindara Life Insurance in Kolkata?
The estimated take-home salary of a Advisor at Kotak Mahindara Life Insurance in Kolkata typically ranges from ₹15,194 to ₹16,778 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 1 year to 4 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 6 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Advisor in India?
Axis Max Life Insurance ₹1.2 Lakhs to ₹2.9 Lakhs per year
SBI Life Insurance Company ₹1.4 Lakhs to ₹3.0 Lakhs per year
ICICI Prudential Life Insurance ₹1.1 Lakhs to ₹2.5 Lakhs per year
Tata AIA Life Insurance ₹1.0 Lakhs to ₹5.0 Lakhs per year
HDFC Life ₹1.2 Lakhs to ₹2.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindara Life Insurance, depending on the role and experience level.
What is the salary of a Advisor in companies similar to Kotak Mahindara Life Insurance in Kolkata?
The salary of a Advisor at companies similar to Kotak Mahindara Life Insurance in Kolkata varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Star Health & Allied Insurance ₹2.0 Lakhs to ₹2.6 Lakhs per year
Reliance Nippon Life Insurance ₹1.5 Lakhs to ₹2.4 Lakhs per year
Aditya Birla Sun Life Insurance ₹1.0 Lakhs to ₹2.0 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 Advisor at Kotak Mahindara Life Insurance in Kolkata?
The salary growth for a Advisor at Kotak Mahindara Life Insurance in Kolkata depends on factors such as experience, performance, and promotions. On average, a Advisor in Kolkata can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
1 year ₹1.8 Lakhs to ₹3.5 Lakhs per year
2 years ₹1.9 Lakhs to ₹2.5 Lakhs per year
3 years ₹2.0 Lakhs to ₹2.5 Lakhs per year
4 years ₹2.0 Lakhs to ₹2.6 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Advisor salary in Kolkata ranges between ₹1 Lakh to ₹3.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.