Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Kotak Mahindara Life Insurance Team. If you also belong to the team, you can get access from here
filter salariesFilter salaries by

Kotak Mahindara Life Insurance Agency Manager salaries in Mumbai

Annual salary range
0 - 13 years exp.
₹2 Lakhs - ₹7.4 Lakhs
Avg. annual salary
unlock blur

Monthly In-hand Salary

unlock blur

At par with the average Agency Manager Salary in Insurance Companies for 0 - 13 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Agency Manager Salary
1 - 4 years exp. (AmbitionBox Estimate)
unlock-blur

₹2 L/yr - ₹8.5 L/yr

Marketing & Communication
Agency Manager Salary
13 years exp. (AmbitionBox Estimate)
unlock-blur

₹2.5 L/yr - ₹3.5 L/yr

Sales & Business Development
Agency Manager Salary
6 years exp. (AmbitionBox Estimate)
unlock-blur

₹2.9 L/yr - ₹4.4 L/yr

Last Updated: 21 Nov 2024

Companies similar to Kotak Mahindara Life Insurance for Agency Manager in Mumbai

Logo
Kotak Mahindara Life Insurance Agency Manager Salary

0 - 13 years exp. (5 salaries)

unlock blur

₹2 L/yr - ₹7.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
unlock blur

₹2.7 L/yr - ₹5.3 L/yr

arrow icon 29% more
unlock blur

₹2.3 L/yr - ₹4 L/yr

arrow icon 20% less
Logo
Axis Max Life Insurance Agency Manager Salary

3 - 12 years exp. (20 salaries)

unlock blur

₹3.5 L/yr - ₹6.5 L/yr

arrow icon 32% more
unlock blur

₹2.6 L/yr - ₹4 L/yr

arrow icon 9% more
unlock blur

₹4 L/yr - ₹7 L/yr

arrow icon 49% more
unlock blur

₹2.1 L/yr - ₹2.8 L/yr

arrow icon 17% less
Logo
HDFC Life Agency Manager Salary

2 - 7 years exp. (3 salaries)

unlock blur

₹1.8 L/yr - ₹7 L/yr

arrow icon 24% more
1 job opening
Agency Manager salary at Kotak Mahindara Life Insurance ranges between ₹2 Lakhs to ₹7.4 Lakhs per year for employees with less than 1 year of experience to 13 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Agency Manager in Mumbai

4mo ago
₹3.5 Lakhs
13 years exp.
5mo ago
₹4.4 Lakhs
6 years exp.

Experience wise Kotak Mahindara Life Insurance Agency Manager salaries in Mumbai

Last Updated: 21 Nov 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

unlock blur

₹2.9 L/yr - ₹3.7 L/yr
1 year (AmbitionBox Estimate)

unlock blur

₹2.9 L/yr - ₹3.7 L/yr
2 years (AmbitionBox Estimate)

unlock blur

₹2.9 L/yr - ₹3.7 L/yr
3 years (AmbitionBox Estimate)

unlock blur

₹2.9 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)

unlock blur

₹3 L/yr - ₹3.8 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(435 salaries)
unlock blur
₹2.25 L/yr - ₹5.74 L/yr
Sales Manager Salary
(76 salaries)
unlock blur
₹2.6 L/yr - ₹5.75 L/yr
Branch Manager Salary
(18 salaries)
unlock blur
₹6 L/yr - ₹11 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

2.0

Rated by 1 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
see more salary related reviews

Discover interview dos and don'ts from real experiences

Kotak Mahindara Life Insurance Agency Manager Salary FAQs

What is the salary of Agency Manager at Kotak Mahindara Life Insurance in Mumbai?
The average salary of a Agency Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹2.0 Lakhs to ₹7.4 Lakhs per year, depending on experience (from Fresher to 13 years).

The top 10% of Agency Manager in Mumbai at Kotak Mahindara Life Insurance earn more than ₹8.5 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 5 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Agency Manager at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Agency Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹24,244 to ₹25,694 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹7.4 Lakhs per year for employees with experience ranging from Fresher to 13 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 5 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 in Mumbai?
To be a Agency Manager at Kotak Mahindara Life Insurance in Mumbai, 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?
Bajaj Allianz Life Insurance ₹4.0 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance ₹3.5 Lakhs to ₹6.5 Lakhs per year
ICICI Prudential Life Insurance ₹2.7 Lakhs to ₹5.3 Lakhs per year
HDFC Life ₹1.8 Lakhs to ₹7.0 Lakhs per year
HDFC Ergo General Insurance ₹2.6 Lakhs to ₹4.0 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 Mumbai?
The salary of a Agency Manager at companies similar to Kotak Mahindara Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Reliance Nippon Life Insurance ₹2.1 Lakhs to ₹2.8 Lakhs per year
Aditya Birla Sun Life Insurance ₹2.3 Lakhs to ₹4.0 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 Mumbai?
The salary growth for a Agency Manager at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Agency Manager in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹2.9 Lakhs to ₹3.7 Lakhs per year
1 year ₹2.9 Lakhs to ₹3.7 Lakhs per year
2 years ₹2.9 Lakhs to ₹3.7 Lakhs per year
3 years ₹2.9 Lakhs to ₹3.8 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Agency Manager salary in Mumbai ranges between ₹2 Lakhs to ₹7.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.