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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Area Manager salaries in Kolkata

Annual salary range
15 - 18 years exp.
₹8.5 Lakhs - ₹13.3 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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7% more than the average Area Manager Salary in Insurance Companies for 15 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Area Manager Salary
15 - 17 years exp. (AmbitionBox Estimate)
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₹8.4 L/yr - ₹13.2 L/yr

Sales & Business Development
Area Manager Salary
18 years exp. (AmbitionBox Estimate)
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₹12.9 L/yr - ₹25 L/yr

Last Updated: 7 Dec 2023

Companies similar to Kotak Mahindara Life Insurance for Area Manager in Kolkata

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Kotak Mahindara Life Insurance Area Manager Salary

15 - 18 years exp. (3 salaries)

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₹8.5 L/yr - ₹13.3 L/yr

vs
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₹7.1 L/yr - ₹12 L/yr

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HDFC Life Area Manager Salary

12 - 14 years exp. (3 salaries)

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₹5.4 L/yr - ₹8.5 L/yr

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SBI Life Insurance Company Area Manager Salary

9 - 18 years exp. (32 salaries)

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₹5.1 L/yr - ₹12 L/yr

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Max Life Insurance Area Manager Salary

9 - 18 years exp. (22 salaries)

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₹5.4 L/yr - ₹14.7 L/yr

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8 job openings
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₹5 L/yr - ₹15.2 L/yr

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₹10.1 L/yr - ₹18.2 L/yr

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₹6 L/yr - ₹7.2 L/yr

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Tata AIA Life Insurance Area Manager Salary

8 - 15 years exp. (13 salaries)

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₹5.5 L/yr - ₹14 L/yr

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PNB MetLife Area Manager Salary

6 - 12 years exp. (5 salaries)

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₹7 L/yr - ₹10.4 L/yr

arrow icon 19% less
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HDFC Ergo General Insurance Area Manager Salary

11 - 20 years exp. (6 salaries)

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₹6.8 L/yr - ₹10.5 L/yr

arrow icon 26% less
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₹11 L/yr - ₹14 L/yr

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₹10.5 L/yr - ₹15 L/yr

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₹9.1 L/yr - ₹12 L/yr

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1 job opening
Area Manager salary at Kotak Mahindara Life Insurance ranges between ₹8.5 Lakhs to ₹13.3 Lakhs per year for employees with experience between 15 years to 18 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Area Manager in Kolkata

1y ago
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18 years exp.
1y ago
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17 years exp.
1y ago
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15 years exp.

Experience wise Kotak Mahindara Life Insurance Area Manager salaries in Kolkata

Last Updated: 7 Dec 2023

Experience Avg Annual Salary
15+ years  (3 salaries)

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₹5 L/yr - ₹22.7 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Sales Manager Salary
(42 salaries)
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₹2.4 L/yr - ₹5 L/yr
Deputy Manager Salary
(41 salaries)
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₹2.3 L/yr - ₹4.79 L/yr
Team Lead Salary
(23 salaries)
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₹1.2 L/yr - ₹6.23 L/yr
Branch Manager Salary
(15 salaries)
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₹5 L/yr - ₹12.25 L/yr

Top skills at Kotak Mahindara Life Insurance for Area Manager

Distributor Handling Life Insurance Channel Sales Distributor Sales Agency Channel Team Handling Channel Sales Management Team Building Agency Management Team Management Distribution Management Sales agency development Wealth Management Channel Development

Salary related reviews for Kotak Mahindara Life Insurance

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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.

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

 · 

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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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

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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.

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Kotak Mahindara Life Insurance Area Manager Salary FAQs

What is the notice period for Area Manager at Kotak Mahindara Life Insurance in Kolkata?
According to AmbitionBox, 60% of the Kotak Mahindara Life Insurance Area Managers in Kolkata reported a notice period of 3 Months, 40% reported a notice period of 15 days or less.This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Area Manager salary in Kolkata ranges between ₹8.5 Lakhs to ₹13.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.