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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Assistant Branch Manager salaries in Pune

Annual salary range
5 - 8 years exp.
₹4.5 Lakhs - ₹7.2 Lakhs
Salary of majority employees
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16% more than the average Assistant Branch Manager Salary in Insurance Companies for 5 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Branch Manager Salary
6 - 8 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹6.5 L/yr

Sales & Business Development
Assistant Branch Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹6.1 L/yr - ₹7.2 L/yr

Last Updated: 11 Dec 2024

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

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Kotak Mahindara Life Insurance Assistant Branch Manager Salary

5 - 8 years exp. (5 salaries)

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₹4.5 L/yr - ₹7.2 L/yr

vs
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₹6 L/yr - ₹7.3 L/yr

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₹5 L/yr - ₹5.9 L/yr

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₹3.2 L/yr - ₹5.3 L/yr

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SYSKA LED Lights Assistant Branch Manager Salary

10 - 22 years exp. (13 salaries)

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₹12 L/yr - ₹16.4 L/yr

arrow icon 130% more
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₹2.1 L/yr - ₹9 L/yr

arrow icon 12% less
Assistant Branch Manager salary at Kotak Mahindara Life Insurance ranges between ₹4.5 Lakhs to ₹7.2 Lakhs per year for employees with experience between 5 years to 8 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 Assistant Branch Manager in Pune

1w ago
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7 years exp.
7mo ago
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6 years exp.
1y ago
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6 years exp.
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8 years exp.
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5 years exp.

Experience wise Kotak Mahindara Life Insurance Assistant Branch Manager salaries in Pune

Last Updated: 11 Dec 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹7.2 L/yr
6 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹6.5 L/yr
8 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹6.5 L/yr
Kotak Mahindara Life Insurance Assistant Branch Manager Salary and Career Growth

From

To

Assistant Branch Manager

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5 - 14 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
(10 salaries)
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₹6 L/yr - ₹11.5 L/yr
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₹4.25 L/yr - ₹6.72 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

2.0

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."

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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..

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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.

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Dislikes

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

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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 Pune?
Assistant Branch Manager salary at Kotak Mahindara Life Insurance in Pune ranges between ₹4.5 Lakhs to ₹7.2 Lakhs for experience between 5 years to 8 years. According to our estimates it is 16% more than the average Assistant Branch Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance Pune.
How does the salary of a Assistant Branch Manager at Kotak Mahindara Life Insurance Pune compare with the average salary range for this job?
The average salary of a Assistant Branch Manager at Kotak Mahindara Life Insurance is 16% more than the average salary of a Assistant Branch Manager in Pune. To know exact salary insights, login to view.
What are the top skills required to work as a Assistant Branch Manager at Kotak Mahindara Life Insurance?
Life Insurance, Channel Sales, Field Sales, Field Marketing and direct marketing are some of the popular skills required to work as a Assistant Branch Manager at Kotak Mahindara Life Insurance Pune.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Assistant Branch Manager in Pune?
  • SYSKA LED Lights Assistant Branch Manager Salary - ₹12.0 Lakhs to ₹16.4 Lakhs per year
What is the salary of a Assistant Branch Manager in companies similar to Kotak Mahindara Life Insurance in Pune?
  • Reliance Nippon Life Insurance Assistant Branch Manager Salary - ₹6.0 Lakhs to ₹7.3 Lakhs per year
  • Suryoday Small Finance Bank Assistant Branch Manager Salary - ₹2.1 Lakhs to ₹9.0 Lakhs per year
  • HDFC Ergo General Insurance Assistant Branch Manager Salary - ₹5.0 Lakhs to ₹5.9 Lakhs per year
  • Equitas Small Finance Bank Assistant Branch Manager Salary - ₹3.2 Lakhs to ₹5.3 Lakhs per year
What is the estimated take home salary of a Assistant Branch Manager at Kotak Mahindara Life Insurance in Pune?
The estimated take-home salary of a Assistant Branch Manager at Kotak Mahindara Life Insurance ranges between ₹47,806 per month to ₹48,937 per month in Pune. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Assistant Branch Manager salary in India which ranges between ₹4.5 Lakhs to ₹7.2 Lakhs per year for employees with experience between 5 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Assistant Branch Manager at Kotak Mahindara Life Insurance in Pune?
According to AmbitionBox, 71% of the Kotak Mahindara Life Insurance Assistant Branch Managers in Pune reported a notice period of 1 Month, 29% reported a notice period of 2 Months.This is based on 7 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Assistant Branch Manager salary in Pune ranges between ₹4.5 Lakhs to ₹7.2 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.