Kotak Mahindara Life Insurance Agent Salaries by 6 Employees

0 - 5 years exp.

₹1 Lakh - ₹2.1 Lakhs

Low Confidence

Salary of majority employees

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18% less than the average Agent Salary in Insurance Companies for 0 - 5 years of experience

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Last Updated: 15 Nov 2023

Companies similar to Kotak Mahindara Life Insurance for Agent

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Agent Salary 0 - 7 years exp. (9 salaries)	Unlock ₹1.5 L/yr - ₹3.5 L/yr 16% more
HDFC Life Agent Salary 0 - 3 years exp. (12 salaries)	Unlock ₹1.2 L/yr - ₹5 L/yr 26% more
Login to view exact salary
SBI Life Insurance Company Agent Salary 1 - 8 years exp. (18 salaries)	Unlock ₹1 L/yr - ₹7 L/yr 36% more
Axis Max Life Insurance Agent Salary 0 - 7 years exp. (25 salaries)	Unlock ₹1.9 L/yr - ₹5 L/yr 63% more
Bajaj Allianz Life Insurance Agent Salary 1 - 5 years exp. (7 salaries)	Unlock ₹1.2 L/yr - ₹4.2 L/yr 17% more
Reliance Nippon Life Insurance Agent Salary 3 - 6 years exp. (4 salaries)	Unlock ₹2.3 L/yr - ₹2.4 L/yr 8% more
Aditya Birla Sun Life Insurance Agent Salary 2 - 4 years exp. (3 salaries)	Unlock ₹1 L/yr - ₹7 L/yr 4% more
Tata AIA Life Insurance Agent Salary 0 - 5 years exp. (6 salaries)	Unlock ₹1 L/yr - ₹6 L/yr 39% more
PNB MetLife Agent Salary 0 - 3 years exp. (4 salaries)	Unlock ₹0.6 L/yr - ₹2.5 L/yr 44% less
Life Insurance Corporation of India Agent Salary 1 - 10 years exp. (179 salaries)	Unlock ₹0.7 L/yr - ₹7 L/yr 25% more
United India Insurance Company Agent Salary 0 - 7 years exp. (18 salaries)	Unlock ₹0.2 L/yr - ₹5 L/yr 1% more
Login to view exact salary
Star Health & Allied Insurance Agent Salary 0 - 6 years exp. (12 salaries)	Unlock ₹1.1 L/yr - ₹4.1 L/yr 17% more
The New India Assurance Co. Agent Salary 1 - 6 years exp. (10 salaries)	Unlock ₹1.8 L/yr - ₹8 L/yr 48% more
The Oriental Insurance Co. Agent Salary 3 - 8 years exp. (5 salaries)	Unlock ₹2 L/yr - ₹5.4 L/yr 49% more
SBI General Insurance Agent Salary 1 - 2 years exp. (4 salaries)	Unlock ₹1.2 L/yr - ₹4 L/yr 18% less
HDFC Ergo General Insurance Agent Salary 3 - 4 years exp. (4 salaries)	Unlock ₹2.1 L/yr - ₹3.5 L/yr 12% more

Agent salary at Kotak Mahindara Life Insurance ranges between ₹1 Lakh to ₹2.1 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Agent salaries

Last Updated: 15 Nov 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹1.6 L/yr - ₹3.8 L/yr
1 year (3 salaries)	Unlock ₹1 L/yr - ₹3.8 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹2.4 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹2.4 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹1.2 L/yr - ₹3.8 L/yr

View all

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Salary related reviews for Kotak Mahindara Life Insurance

4.9

Rated by 3 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.

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."

Salary - Bad

+2 more

Admin Manager in Hyderabad / Secunderabad

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.

Salary - Bad

+1 more

Senior Manager in Jorhat

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.

Salary - Poor

+6 more

Chief Manager in Mumbai

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.

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

Salary - Poor

+1 more

Deputy Manager in Mumbai

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

Skill development - Poor

+4 more

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Kotak Mahindara Life Insurance Agent Salary FAQs

What is the salary of Agent at Kotak Mahindara Life Insurance?

Agent salary at Kotak Mahindara Life Insurance in India ranges between ₹1.0 Lakhs to ₹2.1 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 18% less than the average Agent Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Agent at Kotak Mahindara Life Insurance is 18% less than the average salary of a Agent in India. To know exact salary insights, login to view.

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

Axis Max Life Insurance Agent Salary - ₹1.9 Lakhs to ₹5.0 Lakhs per year
The Oriental Insurance Co. Agent Salary - ₹2.0 Lakhs to ₹5.4 Lakhs per year
The New India Assurance Co. Agent Salary - ₹1.8 Lakhs to ₹8.0 Lakhs per year
Tata AIA Life Insurance Agent Salary - ₹1.0 Lakhs to ₹6.0 Lakhs per year
SBI Life Insurance Company Agent Salary - ₹1.0 Lakhs to ₹7.0 Lakhs per year

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

HDFC Life Agent Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
Life Insurance Corporation of India Agent Salary - ₹0.7 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance Agent Salary - ₹1.2 Lakhs to ₹4.2 Lakhs per year
Star Health & Allied Insurance Agent Salary - ₹1.1 Lakhs to ₹4.1 Lakhs per year
ICICI Prudential Life Insurance Agent Salary - ₹1.5 Lakhs to ₹3.5 Lakhs per year

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

The estimated take-home salary of a Agent at Kotak Mahindara Life Insurance ranges between ₹14,594 per month to ₹16,126 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Agent salary in India which ranges between ₹1.0 Lakhs to ₹2.1 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Agents reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Agent Salaries

Kotak Mahindara Life Insurance Agent salary in India ranges between ₹1 Lakh to ₹2.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.