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Kotak Mahindara Life Insurance Agency Manager salaries in India

Annual salary range
0 - 15 years exp.
₹2 Lakhs - ₹7.6 Lakhs
Salary of majority employees
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15% less than the average Agency Manager Salary in Insurance Companies for 0 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Agency Manager Salary
1 - 15 years exp. (10 salaries)
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₹2 L/yr - ₹6.5 L/yr

Marketing & Communication
Agency Manager Salary
12 - 13 years exp. (AmbitionBox Estimate)
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₹2 L/yr - ₹3.5 L/yr

Sales & Business Development
Agency Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹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
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SBI Life Insurance Company Agency Manager Salary

1 - 13 years exp. (239 salaries)

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₹2.8 L/yr - ₹5 L/yr

arrow icon 26% more
1 job opening
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₹1.8 L/yr - ₹3.5 L/yr

arrow icon 17% less
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₹2 L/yr - ₹5.5 L/yr

arrow icon 25% more
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Axis Max Life Insurance Agency Manager Salary

2 - 12 years exp. (161 salaries)

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₹2.2 L/yr - ₹6.5 L/yr

arrow icon 36% more
1 job opening
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₹2.2 L/yr - ₹5.3 L/yr

arrow icon 29% more
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HDFC Life Agency Manager Salary

0 - 7 years exp. (84 salaries)

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₹1.8 L/yr - ₹7 L/yr

arrow icon 22% more
1 job opening
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₹2.4 L/yr - ₹4.8 L/yr

arrow icon 12% more
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₹1.8 L/yr - ₹4 L/yr

arrow icon 7% less
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₹2.4 L/yr - ₹6 L/yr

arrow icon 31% more
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₹2.5 L/yr - ₹7 L/yr

arrow icon 28% more
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₹4.8 L/yr - ₹5.1 L/yr

arrow icon 58% more
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Shriram Life Insurance Agency Manager Salary

7 - 13 years exp. (5 salaries)

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₹2.4 L/yr - ₹5 L/yr

arrow icon 23% more
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₹1.9 L/yr - ₹7.1 L/yr

arrow icon 120% more
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₹2.2 L/yr - ₹2.4 L/yr

arrow icon 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.

Latest annual salaries shared by Kotak Mahindara Life Insurance Agency Manager

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13 years exp.
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Experience wise Kotak Mahindara Life Insurance Agency Manager salaries

Last Updated: 21 Nov 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.2 L/yr - ₹4 L/yr
1 year  (4 salaries)

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

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₹1.2 L/yr - ₹3.9 L/yr
3 years  (3 salaries)

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₹1.2 L/yr - ₹7.4 L/yr
4 years (AmbitionBox Estimate)

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₹1.2 L/yr - ₹5.5 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Branch Manager Salary
(202 salaries)
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₹5 L/yr - ₹13 L/yr
Area Manager Salary
(30 salaries)
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₹4.7 L/yr - ₹17.5 L/yr
Deputy Manager Salary
(764 salaries)
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₹2 L/yr - ₹5.69 L/yr
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₹10.31 L/yr - ₹22 L/yr
Sales Manager Salary
(563 salaries)
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₹2 L/yr - ₹6.22 L/yr
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₹3.3 L/yr - ₹6.2 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
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₹3.5 L/yr - ₹7 L/yr
Territory Manager Salary
(AmbitionBox Estimate)
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₹14.2 L/yr - ₹18.2 L/yr
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₹5.39 L/yr - ₹7.25 L/yr

Top skills at Kotak Mahindara Life Insurance for Agency Manager

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

Salary related reviews for Kotak Mahindara Life Insurance

2.6

Rated by 12 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

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  • 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..

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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.

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Kotak Mahindara Life Insurance Agency Manager Salary FAQs

What is the salary of Agency Manager at Kotak Mahindara Life Insurance ?
The average salary of a Agency Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹2.0 Lakhs to ₹7.6 Lakhs per year, depending on experience (from Fresher to 15 years).

The top 10% of Agency Manager at Kotak Mahindara Life Insurance earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Agency Manager 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 20+ Kotak Mahindara Life Insurance employees in India.
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 in India typically ranges from ₹22,226 to ₹23,706 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹7.6 Lakhs per year for employees with experience ranging from Fresher to 15 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 20+ salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Agency Manager at Kotak Mahindara Life Insurance ?
To be a Agency Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

  • - Agency Management
  • - Life Insurance
  • - Sales
  • - LI
  • - Team Leading

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Agency Manager in India?
The Oriental Insurance Co. ₹1.9 Lakhs to ₹7.1 Lakhs per year
Tata AIA Life Insurance ₹4.8 Lakhs to ₹5.1 Lakhs per year
Axis Max Life Insurance ₹2.2 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company ₹2.4 Lakhs to ₹6.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.2 Lakhs to ₹5.3 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 Agency Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Agency Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance ₹2.5 Lakhs to ₹7.0 Lakhs per year
SBI Life Insurance Company ₹2.8 Lakhs to ₹5.0 Lakhs per year
HDFC Ergo General Insurance ₹2.0 Lakhs to ₹5.5 Lakhs per year
Shriram Life Insurance ₹2.4 Lakhs to ₹5.0 Lakhs per year
HDFC Life ₹1.8 Lakhs to ₹7.0 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 Agency Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Agency Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Agency Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹1.2 Lakhs to ₹4.0 Lakhs per year
1 year ₹2.0 Lakhs to ₹3.5 Lakhs per year
2 years ₹1.2 Lakhs to ₹3.9 Lakhs per year
3 years ₹1.2 Lakhs to ₹7.4 Lakhs per year
and so on.

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