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Kotak Mahindara Life Insurance Agency Development Manager salaries in India (Updated 2025)

Annual salary range
2 - 9 years exp.
₹1 Lakh - ₹5.5 Lakhs
Salary of majority employees
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17% less than the average Agency Development Manager Salary in Insurance Companies for 2 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Agency Development Manager Salary
2 - 4 years exp. (AmbitionBox Estimate)
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₹1.3 L/yr - ₹3.4 L/yr

Customer Success, Service & Operations
Agency Development Manager Salary
5 - 7 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹4.4 L/yr

Marketing & Communication
Agency Development Manager Salary
4 - 6 years exp. (AmbitionBox Estimate)
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₹3.2 L/yr - ₹3.8 L/yr

Sales & Business Development
Agency Development Manager Salary
6 - 9 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹5.5 L/yr

Last Updated: 15 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Agency Development Manager

Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹6.5 L/yr

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HDFC Life Agency Development Manager Salary

2 - 14 years exp. (249 salaries)

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₹2.3 L/yr - ₹6.5 L/yr

arrow icon 24% more
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₹2.5 L/yr - ₹4.2 L/yr

arrow icon 3% less
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₹2 L/yr - ₹6.5 L/yr

arrow icon 27% more
39 job openings
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₹3.1 L/yr - ₹4.5 L/yr

arrow icon 13% more
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₹1.2 L/yr - ₹5 L/yr

arrow icon 23% less
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₹2.6 L/yr - ₹3.8 L/yr

arrow icon 12% less
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₹2.8 L/yr - ₹6.3 L/yr

arrow icon 13% more
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PNB MetLife Agency Development Manager Salary

6 - 11 years exp. (5 salaries)

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₹4.1 L/yr - ₹7.8 L/yr

arrow icon 59% more
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₹2.6 L/yr - ₹5.4 L/yr

arrow icon 19% more
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₹2 L/yr - ₹5.6 L/yr

arrow icon 11% less
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₹2.2 L/yr - ₹4.5 L/yr

arrow icon 9% less
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₹2.6 L/yr - ₹6 L/yr

arrow icon 12% more
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₹3 L/yr - ₹5.5 L/yr

arrow icon 16% more
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₹2.5 L/yr - ₹3 L/yr

arrow icon 27% less
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₹2.8 L/yr - ₹4.5 L/yr

arrow icon 2% more

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Agency Development Manager salary at Kotak Mahindara Life Insurance ranges between ₹1 Lakh to ₹5.5 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 19 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Agency Development Manager

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Experience wise Kotak Mahindara Life Insurance Agency Development Manager salaries

Last Updated: 15 Feb 2025

Experience Avg Annual Salary
2 years  (3 salaries)

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₹1 L/yr - ₹6 L/yr
3 years  (5 salaries)

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₹3.2 L/yr - ₹4 L/yr
4 years  (5 salaries)

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₹1.3 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹4 L/yr
6 years  (3 salaries)

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₹3.2 L/yr - ₹5.5 L/yr
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Similar Designation salaries in Kotak Mahindara Life Insurance

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₹2.15 L/yr - ₹10.3 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.7 L/yr
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₹3.6 L/yr - ₹6.5 L/yr
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₹3 L/yr - ₹6.77 L/yr
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₹5.39 L/yr - ₹7.25 L/yr
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₹4 L/yr - ₹11 L/yr
Deputy Manager Salary
(732 salaries)
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₹2.25 L/yr - ₹5.69 L/yr
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₹10.31 L/yr - ₹22 L/yr
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₹2.3 L/yr - ₹4.12 L/yr

Top skills at Kotak Mahindara Life Insurance for Agency Development Manager

Life Insurance Agency Channel Sales Agent Recruitment Team Handling Insurance Sales Agency Sales Field Sales Tied Channel Team Building agency development Agency Management direct marketing B2C Salesforce
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Salary related reviews for Kotak Mahindara Life Insurance

2.7

Rated by 4 employees for salary & benefits

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

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 04 Jan 2025

3.0
 for  Salary and Benefits

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

read more
  • Skill development - Poor
  • +4 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 17 Feb 2023

1.0
 for  Salary and Benefits

Likes

... here 2yrs and they continue lied to me and us.. They have comission based job.. they will never give you any kind of salary..

read more

Dislikes

I like nothing about them.. I m with my word..

  • Salary - Bad
  • +6 more

Alternate Sales Department

2.0
  •  posted on 13 Apr 2022

2.0
 for  Salary and Benefits

Likes

Kotak Mahindra Bank branches alloted were doing good business

Dislikes

1st salary badly delayed, but was personally sorted by HR. No support even in case of family emergency and hence had to resign having no choice

read more
  • Salary - Poor
  • +5 more

Sales Department

5.0
  •  posted on 06 May 2021

4.0
 for  Salary and Benefits

Likes

Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.

  • Salary - Good
  • +5 more

Dislikes

Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.

read more
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Kotak Mahindara Life Insurance Agency Development Manager Salary FAQs

What is the salary of Agency Development Manager at Kotak Mahindara Life Insurance?
Agency Development Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹1.0 Lakhs to ₹5.5 Lakhs for experience between 2 years to 9 years. According to our estimates it is 17% less than the average Agency Development Manager Salary in India. Salary estimates are based on 19 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Agency Development Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Agency Development Manager at Kotak Mahindara Life Insurance is 17% less than the average salary of a Agency Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Agency Development Manager at Kotak Mahindara Life Insurance?
Life Insurance, Agency Channel, Sales, Agent Recruitment and Team Handling are some of the popular skills required to work as a Agency Development Manager at Kotak Mahindara Life Insurance India.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Agency Development Manager in India?
  • PNB MetLife Agency Development Manager Salary - ₹4.1 Lakhs to ₹7.8 Lakhs per year
  • Axis Max Life Insurance Agency Development Manager Salary - ₹2.0 Lakhs to ₹6.5 Lakhs per year
  • HDFC Life Agency Development Manager Salary - ₹2.3 Lakhs to ₹6.5 Lakhs per year
  • Life Insurance Corporation of India Agency Development Manager Salary - ₹2.6 Lakhs to ₹5.4 Lakhs per year
  • Max Financial Services Agency Development Manager Salary - ₹3.0 Lakhs to ₹5.5 Lakhs per year
What is the salary of a Agency Development Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • Tata AIA Life Insurance Agency Development Manager Salary - ₹2.8 Lakhs to ₹6.3 Lakhs per year
  • Bajaj Allianz Life Insurance Agency Development Manager Salary - ₹3.1 Lakhs to ₹4.5 Lakhs per year
  • ICICI Lombard General Insurance Company Agency Development Manager Salary - ₹2.6 Lakhs to ₹6.0 Lakhs per year
  • SBI General Insurance Agency Development Manager Salary - ₹2.8 Lakhs to ₹4.5 Lakhs per year
  • ICICI Prudential Life Insurance Agency Development Manager Salary - ₹2.0 Lakhs to ₹6.5 Lakhs per year
What is the estimated take home salary of a Agency Development Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Agency Development Manager at Kotak Mahindara Life Insurance ranges between ₹26,896 per month to ₹28,307 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Agency Development Manager salary in India which ranges between ₹1.0 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 9 years. Check how did we calculate take home salary?
What is the notice period for Agency Development Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 42% of the Kotak Mahindara Life Insurance Agency Development Managers reported a notice period of 1 Month, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Agency Development Manager salary in India ranges between ₹1 Lakh to ₹5.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 19 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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