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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Area Sales Manager salaries in India

Annual salary range
0 - 13 years exp.
₹3.5 Lakhs - ₹10 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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32% less than the average Area Sales Manager Salary in Insurance Companies for 0 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Area Sales Manager Salary
13 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹7 L/yr

Sales & Business Development
Area Sales Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹7 L/yr - ₹10 L/yr

Last Updated: 30 Sep 2023

Companies similar to Kotak Mahindara Life Insurance for Area Sales Manager

Company name Avg Annual Salary Open Jobs
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₹4.7 L/yr - ₹14.5 L/yr

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HDFC Life Area Sales Manager Salary

3 - 10 years exp. (41 salaries)

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₹2 L/yr - ₹7.5 L/yr

arrow icon 34% less
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₹3.8 L/yr - ₹15.2 L/yr

arrow icon 40% more
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Max Life Insurance Area Sales Manager Salary

4 - 10 years exp. (47 salaries)

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₹3 L/yr - ₹9.5 L/yr

arrow icon 19% less
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₹3.3 L/yr - ₹12.9 L/yr

arrow icon 12% more
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₹1.8 L/yr - ₹5 L/yr

arrow icon 52% less
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₹4 L/yr - ₹15.6 L/yr

arrow icon 40% more
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₹6.3 L/yr - ₹16.8 L/yr

arrow icon 85% more
1 job opening
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PNB MetLife Area Sales Manager Salary

1 - 10 years exp. (24 salaries)

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₹1.9 L/yr - ₹9 L/yr

arrow icon 22% less
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₹2 L/yr - ₹4 L/yr

arrow icon 52% less
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₹7 L/yr - ₹22 L/yr

arrow icon 96% more
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₹5.6 L/yr - ₹18.6 L/yr

arrow icon 65% more
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SBI General Insurance Area Sales Manager Salary

12 - 19 years exp. (84 salaries)

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₹7.5 L/yr - ₹22 L/yr

arrow icon 125% more
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₹1.8 L/yr - ₹6 L/yr

arrow icon 36% less
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Care Health Insurance Area Sales Manager Salary

4 - 13 years exp. (14 salaries)

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₹3.3 L/yr - ₹7.5 L/yr

arrow icon 17% less
1 job opening
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₹5 L/yr - ₹17.3 L/yr

arrow icon 59% more
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₹4.5 L/yr - ₹9.5 L/yr

arrow icon 27% less
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₹3 L/yr - ₹12.7 L/yr

arrow icon 8% more
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AIG Area Sales Manager Salary

5 - 15 years exp. (3 salaries)

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₹9.1 L/yr - ₹9.5 L/yr

arrow icon 40% more
Area Sales Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.5 Lakhs to ₹10 Lakhs per year for employees with less than 1 year of experience to 13 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 Area Sales Manager

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1 year exp.
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5 years exp.
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4 years exp.
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13 years exp.
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Experience wise Kotak Mahindara Life Insurance Area Sales Manager salaries

Last Updated: 30 Sep 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.5 L/yr - ₹9.9 L/yr
1 year (AmbitionBox Estimate)

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₹3.8 L/yr - ₹10.1 L/yr
2 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹10.3 L/yr
3 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.7 L/yr
4 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹10 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Sales Manager Salary
(530 salaries)
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₹2.4 L/yr - ₹5.7 L/yr
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₹3 L/yr - ₹6.8 L/yr
Area Manager Salary
(21 salaries)
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₹4.94 L/yr - ₹19.05 L/yr
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₹5.39 L/yr - ₹7.25 L/yr
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₹2.3 L/yr - ₹4.12 L/yr
Senior Area Sales Manager Salary
(AmbitionBox Estimate)
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₹11.9 L/yr - ₹15.2 L/yr
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₹10.31 L/yr - ₹22 L/yr
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₹4.8 L/yr - ₹18 L/yr
Branch Manager Salary
(199 salaries)
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₹5 L/yr - ₹13 L/yr
Cluster Manager Salary
(33 salaries)
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₹4.96 L/yr - ₹12.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.0

Rated by 2 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

 · 

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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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
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Kotak Mahindara Life Insurance Area Sales Manager Salary FAQs

What is the salary of Area Sales Manager at Kotak Mahindara Life Insurance?
Area Sales Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹3.5 Lakhs to ₹10.0 Lakhs for less than 1 year of experience to 13 years. According to our estimates it is 32% less than the average Area Sales Manager 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 Area Sales Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Area Sales Manager at Kotak Mahindara Life Insurance is 32% less than the average salary of a Area Sales Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Area Sales Manager in India?
  • SBI General Insurance Area Sales Manager Salary - ₹7.5 Lakhs to ₹22.0 Lakhs per year
  • ICICI Lombard General Insurance Company Area Sales Manager Salary - ₹7.0 Lakhs to ₹22.0 Lakhs per year
  • Tata AIA Life Insurance Area Sales Manager Salary - ₹6.3 Lakhs to ₹16.8 Lakhs per year
  • HDFC Ergo General Insurance Area Sales Manager Salary - ₹5.6 Lakhs to ₹18.6 Lakhs per year
  • Kotak Mahindra General Insurance Area Sales Manager Salary - ₹5.0 Lakhs to ₹17.3 Lakhs per year
What is the salary of a Area Sales Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • ICICI Prudential Life Insurance Area Sales Manager Salary - ₹4.7 Lakhs to ₹14.5 Lakhs per year
  • Aditya Birla Sun Life Insurance Area Sales Manager Salary - ₹4.0 Lakhs to ₹15.6 Lakhs per year
  • AIG Area Sales Manager Salary - ₹9.1 Lakhs to ₹9.5 Lakhs per year
  • SBI Life Insurance Company Area Sales Manager Salary - ₹3.8 Lakhs to ₹15.2 Lakhs per year
  • Bajaj Allianz Life Insurance Area Sales Manager Salary - ₹3.3 Lakhs to ₹12.9 Lakhs per year
What is the estimated take home salary of a Area Sales Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Area Sales Manager at Kotak Mahindara Life Insurance ranges between ₹50,464 per month to ₹51,655 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Area Sales Manager salary in India which ranges between ₹3.5 Lakhs to ₹10.0 Lakhs per year for employees with less than 1 year of experience to 13 years. Check how did we calculate take home salary?
What is the notice period for Area Sales Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Area Sales Managers reported a notice period of 1 Month, 38% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Area Sales Manager salary in India ranges between ₹3.5 Lakhs to ₹10 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.