Kotak Mahindara Life Insurance Agency Manager Salaries by 20+ Employees (Updated 2024)

0 - 15 years exp.

₹2 Lakhs - ₹7.6 Lakhs

Salary of majority employees

13% less than the average Agency Manager Salary in Insurance Companies for 0 - 15 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Agency Manager Salary 1 - 15 years exp. (10 salaries)	₹2 L/yr - ₹6.5 L/yr
Marketing & Communication Agency Manager Salary 12 - 13 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹3.5 L/yr
Login to view exact salary
Sales & Business Development Agency Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹4.4 L/yr

Last Updated: 21 Nov 2024

Companies similar to Kotak Mahindara Life Insurance for Agency Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Agency Manager Salary 0 - 8 years exp. (161 salaries)	₹2.4 L/yr - ₹5.3 L/yr 25% more
HDFC Life Agency Manager Salary 0 - 6 years exp. (85 salaries)	₹1.8 L/yr - ₹6 L/yr 18% more
Login to view exact salary
SBI Life Insurance Company Agency Manager Salary 1 - 12 years exp. (286 salaries)	₹2.8 L/yr - ₹5.1 L/yr 27% more
Max Life Insurance Agency Manager Salary 1 - 14 years exp. (201 salaries)	₹2 L/yr - ₹6 L/yr 37% more
Bajaj Allianz Life Insurance Agency Manager Salary 0 - 10 years exp. (11 salaries)	₹2.5 L/yr - ₹7 L/yr 27% more
Reliance Nippon Life Insurance Agency Manager Salary 0 - 7 years exp. (35 salaries)	₹1.8 L/yr - ₹3.8 L/yr 1% less
Aditya Birla Sun Life Insurance Agency Manager Salary 0 - 9 years exp. (219 salaries)	₹1.8 L/yr - ₹3.5 L/yr 19% less
Tata AIA Life Insurance Agency Manager Salary 0 - 8 years exp. (6 salaries)	₹3.8 L/yr - ₹5.1 L/yr 58% more
PNB MetLife Agency Manager Salary 0 - 11 years exp. (5 salaries)	₹2.8 L/yr - ₹7 L/yr 64% more
Life Insurance Corporation of India Agency Manager Salary 0 - 8 years exp. (9 salaries)	₹1.8 L/yr - ₹4 L/yr 3% less
Care Health Insurance Agency Manager Salary 0 - 13 years exp. (204 salaries)	₹2.3 L/yr - ₹4.4 L/yr 10% more	2 job openings
Login to view exact salary
HDFC Ergo General Insurance Agency Manager Salary 0 - 9 years exp. (195 salaries)	₹2.3 L/yr - ₹5.1 L/yr 20% more	4 job openings
Star Health & Allied Insurance Agency Manager Salary 0 - 10 years exp. (39 salaries)	₹2.4 L/yr - ₹5 L/yr 13% more
ICICI Lombard General Insurance Company Agency Manager Salary 0 - 8 years exp. (20 salaries)	₹2.4 L/yr - ₹6 L/yr 14% more	1 job opening
Shriram Life Insurance Agency Manager Salary 7 - 13 years exp. (5 salaries)	₹2.4 L/yr - ₹5 L/yr 23% more
The Oriental Insurance Co. Agency Manager Salary 4 - 10 years exp. (4 salaries)	₹1.9 L/yr - ₹7.1 L/yr 120% more
Aditya Birla Insurance Brokers Agency Manager Salary 2 - 4 years exp. (3 salaries)	₹2.2 L/yr - ₹2.4 L/yr 24% less

Agency Manager salary at Kotak Mahindara Life Insurance ranges between ₹2 Lakhs to ₹7.6 Lakhs per year for employees with less than 1 year of experience to 15 years. Salary estimates are based on 26 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Agency Manager salaries

Last Updated: 21 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr
1 year (4 salaries)	₹2 L/yr - ₹3.5 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.9 L/yr
3 years (3 salaries)	₹1.2 L/yr - ₹7.4 L/yr
4 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹5.5 L/yr
5 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.5 L/yr
6 years (3 salaries)	₹1.2 L/yr - ₹4.4 L/yr
7 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.7 L/yr
8 years (3 salaries)	₹1.2 L/yr - ₹5.2 L/yr
9 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4.2 L/yr
10 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr
11 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
12 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.7 L/yr
13 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr
14 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
15+ years (AmbitionBox Estimate)	₹1.3 L/yr - ₹4.5 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Branch Manager Salary

(208 salaries)

₹4.5 L/yr - ₹13 L/yr

Area Manager Salary

(22 salaries)

₹5.18 L/yr - ₹19.2 L/yr

Deputy Manager Salary

(889 salaries)

₹2 L/yr - ₹5.69 L/yr

Regional Manager Salary

(9 salaries)

₹12.5 L/yr - ₹22 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.7 L/yr - ₹32.8 L/yr

Sales Manager Salary

(556 salaries)

₹1.65 L/yr - ₹6.28 L/yr

Business Manager Salary

(4 salaries)

₹3.3 L/yr - ₹6.2 L/yr

Area Sales Manager Salary

(8 salaries)

₹3.5 L/yr - ₹10 L/yr

Marketing Manager Salary

(5 salaries)

₹3.5 L/yr - ₹7 L/yr

Territory Manager Salary

(4 salaries)

₹15.38 L/yr - ₹20 L/yr

Top skills at Kotak Mahindara Life Insurance for Agency Manager

Agency Management Sales Life Insurance LI Team Leading Business Development Agency Sales Agency Management Agency Channel Relationship Management Team Handling Sales Team Management agency development Tied Channel

Salary related reviews for Kotak Mahindara Life Insurance

2.6

Rated by 12 employees for salary & benefits

Sales Manager in Mumbai

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."

Relationship Manager in Kolkata

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..

Dislikes

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

Deputy Manager in Thane

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

Senior Sales Manager in New Delhi

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.

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.

Deputy Manager in Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 16 Jun 2020

2.0

for Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

Got a question about Kotak Mahindara Life Insurance?

Ask anonymously on communities.

Kotak Mahindara Life Insurance Agency Manager Salary FAQs

What is the salary of Agency Manager at Kotak Mahindara Life Insurance?

Agency Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹2.0 Lakhs to ₹7.6 Lakhs for less than 1 year of experience to 15 years. According to our estimates it is 13% less than the average Agency Manager Salary in India. Salary estimates are based on 26 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Agency Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Agency Manager at Kotak Mahindara Life Insurance is 13% less than the average salary of a Agency Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Agency Manager at Kotak Mahindara Life Insurance?

Agency Management, Sales, Life Insurance, LI and Team Leading are some of the popular skills required to work as a Agency Manager at Kotak Mahindara Life Insurance India.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Agency Manager in India?

The Oriental Insurance Co. Agency Manager Salary - ₹1.9 Lakhs to ₹7.1 Lakhs per year
PNB MetLife Agency Manager Salary - ₹2.8 Lakhs to ₹7.0 Lakhs per year
Tata AIA Life Insurance Agency Manager Salary - ₹3.8 Lakhs to ₹5.1 Lakhs per year
Max Life Insurance Agency Manager Salary - ₹2.0 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz Life Insurance Agency Manager Salary - ₹2.5 Lakhs to ₹7.0 Lakhs per year

What is the salary of a Agency Manager in companies similar to Kotak Mahindara Life Insurance in India?

SBI Life Insurance Company Agency Manager Salary - ₹2.8 Lakhs to ₹5.1 Lakhs per year
ICICI Prudential Life Insurance Agency Manager Salary - ₹2.4 Lakhs to ₹5.3 Lakhs per year
Shriram Life Insurance Agency Manager Salary - ₹2.4 Lakhs to ₹5.0 Lakhs per year
HDFC Ergo General Insurance Agency Manager Salary - ₹2.3 Lakhs to ₹5.1 Lakhs per year
HDFC Life Agency Manager Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year

What is the estimated take home salary of a Agency Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Agency Manager at Kotak Mahindara Life Insurance ranges between ₹22,226 per month to ₹23,706 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Agency Manager salary in India which ranges between ₹2.0 Lakhs to ₹7.6 Lakhs per year for employees with less than 1 year of experience to 15 years. Check how did we calculate take home salary?

What is the notice period for Agency Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 53% of the Kotak Mahindara Life Insurance Agency Managers reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 15 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Agency Manager Salaries by Location

Home >
Salaries >
Kotak Mahindara Life Insurance Salaries >
Kotak Mahindara Life Insurance Agency Manager Salaries

Kotak Mahindara Life Insurance Agency Manager salary in India ranges between ₹2 Lakhs to ₹7.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 26 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Agency Manager salaries in India

Companies similar to Kotak Mahindara Life Insurance for Agency Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Agency Manager

Experience wise Kotak Mahindara Life Insurance Agency Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Agency Manager

Salary related reviews for Kotak Mahindara Life Insurance

Sales Manager in Mumbai

Relationship Manager in Kolkata

Deputy Manager in Thane

Senior Sales Manager in New Delhi

Deputy Manager in Mumbai

Kotak Mahindara Life Insurance Agency Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindara Life Insurance Agency Manager Salaries by Location