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
3.8

based on 2.6k Reviews

filter salariesFilter salaries by

Kotak Mahindara Life Insurance Area Business Manager salaries in India

Annual salary range
3 - 15 years exp.
₹5.4 Lakhs - ₹14 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
unlock blur
unlock blur

7% less than the average Area Business Manager Salary in Insurance Companies for 3 - 15 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Area Business Manager Salary
12 - 15 years exp. (AmbitionBox Estimate)
unlock-blur

₹5.4 L/yr - ₹5.7 L/yr

BFSI, Investments & Trading
Area Business Manager Salary
10 years exp. (AmbitionBox Estimate)
unlock-blur

₹5.4 L/yr - ₹6.6 L/yr

Customer Success, Service & Operations
Area Business Manager Salary
9 years exp. (AmbitionBox Estimate)
unlock-blur

₹6.5 L/yr - ₹8 L/yr

Last Updated: 7 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Area Business Manager

Company name Avg Annual Salary Open Jobs
unlock blur

₹2.3 L/yr - ₹9.5 L/yr

arrow icon 34% less
Logo
HDFC Life Area Business Manager Salary

0 - 15 years exp. (242 salaries)

unlock blur

₹2.4 L/yr - ₹8.5 L/yr

arrow icon 38% less
2 job openings
unlock blur

₹5 L/yr - ₹9.2 L/yr

arrow icon 23% less
unlock blur

₹3 L/yr - ₹8 L/yr

arrow icon 40% less
unlock blur

₹4 L/yr - ₹7 L/yr

arrow icon 31% less
unlock blur

₹5.1 L/yr - ₹10 L/yr

arrow icon 7% less
unlock blur

₹4 L/yr - ₹8 L/yr

arrow icon 31% less
Logo
PNB MetLife Area Business Manager Salary

4 - 15 years exp. (3 salaries)

unlock blur

₹5.1 L/yr - ₹11 L/yr

arrow icon 3% less
unlock blur

₹2.4 L/yr - ₹7.3 L/yr

arrow icon 44% less
unlock blur

₹2.1 L/yr - ₹12.7 L/yr

arrow icon 16% less
unlock blur

₹4 L/yr - ₹6 L/yr

arrow icon 46% less
unlock blur

₹4 L/yr - ₹9 L/yr

arrow icon 14% less
Area Business Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.4 Lakhs to ₹14 Lakhs per year for employees with experience between 3 years to 15 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 Area Business Manager

1w ago
avg blur mobile
10 years exp.
1mo ago
avg blur mobile
9 years exp.
1y ago
avg blur mobile
3 years exp.
1y ago
avg blur mobile
15 years exp.
1y ago
avg blur mobile
12 years exp.

Experience wise Kotak Mahindara Life Insurance Area Business Manager salaries

Last Updated: 7 Dec 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

unlock blur

₹5.1 L/yr - ₹14 L/yr
4 years (AmbitionBox Estimate)

unlock blur

₹10.9 L/yr - ₹13.9 L/yr
5 years (AmbitionBox Estimate)

unlock blur

₹10.2 L/yr - ₹13 L/yr
6 years (AmbitionBox Estimate)

unlock blur

₹9.5 L/yr - ₹12.1 L/yr
7 years (AmbitionBox Estimate)

unlock blur

₹8.8 L/yr - ₹11.3 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

unlock blur
₹3.3 L/yr - ₹6.2 L/yr
unlock blur
₹3.5 L/yr - ₹10 L/yr
Area Manager Salary
(22 salaries)
unlock blur
₹5.18 L/yr - ₹19.2 L/yr
Branch Manager Salary
(211 salaries)
unlock blur
₹4.5 L/yr - ₹12.81 L/yr
Cluster Manager Salary
(33 salaries)
unlock blur
₹4.96 L/yr - ₹12.5 L/yr
Sales Manager Salary
(544 salaries)
unlock blur
₹1.65 L/yr - ₹6.28 L/yr
unlock blur
₹12.5 L/yr - ₹22 L/yr
unlock blur
₹3 L/yr - ₹6.8 L/yr
Deputy Manager Salary
(856 salaries)
unlock blur
₹2 L/yr - ₹5.69 L/yr
unlock blur
₹15.38 L/yr - ₹20 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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."

read 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..

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

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.

read more

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.

read more

Dislikes

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

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Kotak Mahindara Life Insurance Area Business Manager Salary FAQs

What is the salary of Area Business Manager at Kotak Mahindara Life Insurance?
Area Business Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹5.4 Lakhs to ₹14.0 Lakhs for experience between 3 years to 15 years. According to our estimates it is 7% less than the average Area Business Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Area Business Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Area Business Manager at Kotak Mahindara Life Insurance is 7% less than the average salary of a Area Business Manager in India. To know exact salary insights, login to view.
What is the salary of a Area Business Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • PNB MetLife Area Business Manager Salary - ₹5.1 Lakhs to ₹11.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Area Business Manager Salary - ₹5.1 Lakhs to ₹10.0 Lakhs per year
  • HDFC Ergo General Insurance Area Business Manager Salary - ₹4.0 Lakhs to ₹9.0 Lakhs per year
  • ICICI Lombard General Insurance Company Area Business Manager Salary - ₹2.1 Lakhs to ₹12.7 Lakhs per year
  • SBI Life Insurance Company Area Business Manager Salary - ₹5.0 Lakhs to ₹9.2 Lakhs per year
What is the estimated take home salary of a Area Business Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Area Business Manager at Kotak Mahindara Life Insurance ranges between ₹62,294 per month to ₹63,876 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Area Business Manager salary in India which ranges between ₹5.4 Lakhs to ₹14.0 Lakhs per year for employees with experience between 3 years to 15 years. Check how did we calculate take home salary?
What is the notice period for Area Business Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 33% of the Kotak Mahindara Life Insurance Area Business Manager s reported a notice period of 1 Month, 34% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Area Business Manager salary in India ranges between ₹5.4 Lakhs to ₹14 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.