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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
3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Agent salaries in India

Annual salary range
0 - 5 years exp.
₹1 Lakh - ₹2.1 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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20% 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

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ICICI Prudential Life Insurance Agent Salary

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₹1.5 L/yr - ₹3.5 L/yr

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HDFC Life Agent Salary

0 - 3 years exp. (12 salaries)

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₹1.2 L/yr - ₹5 L/yr

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SBI Life Insurance Company Agent Salary

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₹1 L/yr - ₹7 L/yr

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Max Life Insurance Agent Salary

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₹1.9 L/yr - ₹5 L/yr

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Bajaj Allianz Life Insurance Agent Salary

1 - 5 years exp. (7 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

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Reliance Nippon Life Insurance Agent Salary

3 - 6 years exp. (4 salaries)

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₹2.3 L/yr - ₹2.4 L/yr

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Aditya Birla Sun Life Insurance Agent Salary

2 - 4 years exp. (3 salaries)

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₹1 L/yr - ₹7 L/yr

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Tata AIA Life Insurance Agent Salary

0 - 5 years exp. (6 salaries)

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₹1 L/yr - ₹6 L/yr

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PNB MetLife Agent Salary

0 - 3 years exp. (4 salaries)

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₹0.6 L/yr - ₹2.5 L/yr

arrow icon 42% less
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Life Insurance Corporation of India Agent Salary

1 - 10 years exp. (189 salaries)

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₹0.8 L/yr - ₹7 L/yr

arrow icon 23% more
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United India Insurance Company Agent Salary

0 - 7 years exp. (18 salaries)

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₹0.2 L/yr - ₹5 L/yr

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Star Health & Allied Insurance Agent Salary

0 - 6 years exp. (12 salaries)

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₹1.1 L/yr - ₹4.1 L/yr

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The New India Assurance Co. Agent Salary

1 - 10 years exp. (11 salaries)

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₹1.8 L/yr - ₹8 L/yr

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SBI General Insurance Agent Salary

1 - 2 years exp. (4 salaries)

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₹1.2 L/yr - ₹4 L/yr

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HDFC Ergo General Insurance Agent Salary

3 - 4 years exp. (4 salaries)

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₹2.1 L/yr - ₹3.5 L/yr

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Care Health Insurance Agent Salary

0 - 3 years exp. (4 salaries)

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₹1.8 L/yr - ₹3 L/yr

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The Oriental Insurance Co. Agent Salary

7 - 8 years exp. (3 salaries)

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₹2.7 L/yr - ₹5.4 L/yr

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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 8 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Agent

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Experience wise Kotak Mahindara Life Insurance Agent salaries

Last Updated: 15 Nov 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹1.6 L/yr - ₹3.7 L/yr
1 year  (3 salaries)

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₹1 L/yr - ₹3.7 L/yr
2 years (AmbitionBox Estimate)

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₹1.9 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹3.7 L/yr
4 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹2.3 L/yr
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Similar Designation salaries in Kotak Mahindara Life Insurance

Analyst Salary
(4 salaries)
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₹2.6 L/yr - ₹15.8 L/yr
Team Lead Salary
(42 salaries)
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₹1.2 L/yr - ₹6.23 L/yr
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₹3.85 L/yr - ₹5.17 L/yr
Sales Executive Salary
(34 salaries)
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₹1.05 L/yr - ₹5 L/yr
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₹2.8 L/yr - ₹3.51 L/yr
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₹1.8 L/yr - ₹4 L/yr
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₹1.1 L/yr - ₹2.25 L/yr
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₹1.2 L/yr - ₹4 L/yr
Customer Service Associate Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
Technical Support Engineer Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.5

Rated by 2 employees for salary & benefits

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.

read 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

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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."

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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

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.

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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.

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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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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 20% less than the average Agent Salary in India. Salary estimates are based on 8 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 20% 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?
  • Max Life Insurance Agent Salary - ₹1.9 Lakhs to ₹5.0 Lakhs per year
  • The New India Assurance Co. Agent Salary - ₹1.8 Lakhs to ₹8.0 Lakhs per year
  • The Oriental Insurance Co. Agent Salary - ₹2.7 Lakhs to ₹5.4 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?
  • Aditya Birla Sun Life Insurance Agent Salary - ₹1.0 Lakhs to ₹7.0 Lakhs per year
  • HDFC Life Agent Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
  • Star Health & Allied Insurance Agent Salary - ₹1.1 Lakhs to ₹4.1 Lakhs per year
  • Life Insurance Corporation of India Agent Salary - ₹0.8 Lakhs to ₹7.0 Lakhs per year
  • Bajaj Allianz Life Insurance Agent Salary - ₹1.2 Lakhs to ₹4.2 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 ₹14,153 per month to ₹15,647 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 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Agent salary in India ranges between ₹1 Lakh to ₹2.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.