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Kotak Mahindara Life Insurance Assistant Branch Manager salaries in New Delhi

Annual salary range
5 - 11 years exp.
₹5.2 Lakhs - ₹8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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14% more than the average Assistant Branch Manager Salary in Insurance Companies for 5 - 11 years of experience

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Salaries in different departments

Sales & Business Development
Assistant Branch Manager Salary
5 - 11 years exp. (8 salaries)
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₹6.4 L/yr - ₹8 L/yr

Marketing & Communication
Assistant Branch Manager Salary
6 - 8 years exp. (3 salaries)
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₹5.2 L/yr - ₹7 L/yr

BFSI, Investments & Trading
Assistant Branch Manager Salary
6 - 11 years exp. (AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.1 L/yr

Last Updated: 15 Oct 2024

Companies similar to Kotak Mahindara Life Insurance for Assistant Branch Manager in New Delhi

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Kotak Mahindara Life Insurance Assistant Branch Manager Salary

5 - 11 years exp. (13 salaries)

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₹5.2 L/yr - ₹8 L/yr

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Company name Avg Annual Salary Open Jobs
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₹4.2 L/yr - ₹7.5 L/yr

arrow icon 10% less
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₹5.3 L/yr - ₹7.7 L/yr

arrow icon 20% less
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HDFC Life Assistant Branch Manager Salary

8 - 12 years exp. (6 salaries)

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₹6 L/yr - ₹6.5 L/yr

arrow icon 5% less
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Assurant Assistant Branch Manager Salary

15 years exp. (50 salaries)

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₹10.7 L/yr - ₹22 L/yr

arrow icon 125% more
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Muthoot Fincorp Assistant Branch Manager Salary

3 - 10 years exp. (38 salaries)

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₹1.7 L/yr - ₹4.8 L/yr

arrow icon 51% less
Assistant Branch Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.2 Lakhs to ₹8 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 13 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Branch Manager in New Delhi

5mo ago
₹7.7 Lakhs
11 years exp.
6mo ago
₹6.4 Lakhs
6 years exp.
6mo ago
₹6.4 Lakhs
7 years exp.
7mo ago
₹7 Lakhs
8 years exp.
8mo ago
₹8 Lakhs
9 years exp.
1y ago
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8 years exp.
1y ago
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8 years exp.
1y ago
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7 years exp.

Experience wise Kotak Mahindara Life Insurance Assistant Branch Manager salaries in New Delhi

Last Updated: 15 Oct 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr
6 years (AmbitionBox Estimate)

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₹6 L/yr - ₹7.6 L/yr
7 years  (3 salaries)

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₹6.3 L/yr - ₹7.2 L/yr
8 years  (3 salaries)

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₹6.4 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)

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₹6.1 L/yr - ₹7.8 L/yr
View all
Kotak Mahindara Life Insurance Assistant Branch Manager Salary and Career Growth

From

To

Assistant Branch Manager

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4 - 15 years exp.

Branch Manager

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3 - 18 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindara Life Insurance

Branch Manager Salary
(17 salaries)
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₹7.5 L/yr - ₹11.5 L/yr
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₹4.2 L/yr - ₹5.75 L/yr
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₹7 L/yr - ₹12.25 L/yr

Top skills at Kotak Mahindara Life Insurance for Assistant Branch Manager

Life Insurance Channel Sales Field Sales Field Marketing direct marketing

Salary related reviews for Kotak Mahindara Life Insurance

4.9

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.

  • 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."

read more
  • Salary - Bad
  • +2 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

read more
  • Skill development - Poor
  • +4 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..

  • Salary - Bad
  • +6 more

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
  • Salary - Poor
  • +5 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.

  • Salary - Good
  • +5 more

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
see more salary related reviews

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Kotak Mahindara Life Insurance Assistant Branch Manager Salary FAQs

What is the salary of Assistant Branch Manager at Kotak Mahindara Life Insurance in New Delhi?
The average salary of a Assistant Branch Manager at Kotak Mahindara Life Insurance in New Delhi typically ranges from ₹5.2 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 5 years to 11 years).

The top 10% of Assistant Branch Manager in New Delhi at Kotak Mahindara Life Insurance earn more than ₹7.7 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Assistant Branch Manager Salaries at Kotak Mahindara Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Assistant Branch Manager at Kotak Mahindara Life Insurance in New Delhi?
The estimated take-home salary of a Assistant Branch Manager at Kotak Mahindara Life Insurance in New Delhi typically ranges from ₹52,245 to ₹53,476 per month. This is based on the average salary range of ₹5.2 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 5 years to 11 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Assistant Branch Manager at Kotak Mahindara Life Insurance in New Delhi?
To be a Assistant Branch Manager at Kotak Mahindara Life Insurance in New Delhi, the key skills required include:

  • - Life Insurance
  • - Channel Sales
  • - Field Sales
  • - Field Marketing
  • - direct marketing

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Assistant Branch Manager in India?
Assurant ₹10.7 Lakhs to ₹22.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindara Life Insurance, depending on the role and experience level.
What is the salary of a Assistant Branch Manager in companies similar to Kotak Mahindara Life Insurance in New Delhi?
The salary of a Assistant Branch Manager at companies similar to Kotak Mahindara Life Insurance in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life ₹6.0 Lakhs to ₹6.5 Lakhs per year
Reliance Nippon Life Insurance ₹4.2 Lakhs to ₹7.5 Lakhs per year
Star Health & Allied Insurance ₹5.3 Lakhs to ₹7.7 Lakhs per year
Muthoot Fincorp ₹1.7 Lakhs to ₹4.8 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Assistant Branch Manager at Kotak Mahindara Life Insurance in New Delhi?
The salary growth for a Assistant Branch Manager at Kotak Mahindara Life Insurance in New Delhi depends on factors such as experience, performance, and promotions. On average, a Assistant Branch Manager in New Delhi can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
5 years ₹5.9 Lakhs to ₹7.5 Lakhs per year
6 years ₹6.0 Lakhs to ₹7.6 Lakhs per year
7 years ₹6.3 Lakhs to ₹7.2 Lakhs per year
8 years ₹6.4 Lakhs to ₹7.5 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Assistant Branch Manager salary in New Delhi ranges between ₹5.2 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 13 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.