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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Assistant Manager - Business Development salaries in India

Annual salary range
6 - 9 years exp.
₹5.7 Lakhs - ₹6.3 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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18% less than the average Assistant Manager - Business Development Salary in Insurance Companies for 6 - 9 years of experience

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Last Updated: 12 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Assistant Manager - Business Development

Company name Avg Annual Salary Open Jobs
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₹2.3 L/yr - ₹2.9 L/yr

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₹4.3 L/yr - ₹7 L/yr

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₹3.3 L/yr - ₹4.8 L/yr

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₹2.3 L/yr - ₹2.7 L/yr

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₹4.5 L/yr - ₹7.5 L/yr

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₹2.5 L/yr - ₹3.6 L/yr

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Assistant Manager - Business Development salary at Kotak Mahindara Life Insurance ranges between ₹5.7 Lakhs to ₹6.3 Lakhs per year for employees with experience between 6 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Manager - Business Development

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

Experience wise Kotak Mahindara Life Insurance Assistant Manager - Business Development salaries

Last Updated: 12 Jan 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹10.9 L/yr
7 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹6.3 L/yr
8 years (AmbitionBox Estimate)

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₹5.3 L/yr - ₹6.8 L/yr
9 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹6.3 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹1.8 L/yr - ₹5.8 L/yr
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₹2 L/yr - ₹10.3 L/yr
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₹3 L/yr - ₹6.8 L/yr
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Cluster Manager Salary
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₹4.96 L/yr - ₹12.5 L/yr
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₹2.5 L/yr - ₹3.75 L/yr
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₹6.3 L/yr - ₹17.5 L/yr

Top skills at Kotak Mahindara Life Insurance for Assistant Manager - Business Development

Team Handling Life Insurance banca sales Relationship Management channel management Business Development Management Bancassurance Business Development Alternate Channel channel Leadership Team Building

Salary related reviews for Kotak Mahindara Life Insurance

3.0

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.

  • 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

 · 

Other Department

5.0
  •  posted on 27 Jun 2022

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
    +6 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

Life Insurance Department

5.0
  •  posted on 22 Apr 2022

4.0
 for  Salary and Benefits

Likes

...mates and manager also supportive and bring out best. Company policies are good. Get good salary hike and incentives.

read more
  • Salary - Good
    +6 more

Dislikes

There is nothing to say dislikes in our organization. From hr, manager, teammates all are very helpful always. In matters of career growth it will be little slow.

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.

  • 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
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Kotak Mahindara Life Insurance Assistant Manager - Business Development Salary FAQs

What is the salary of Assistant Manager - Business Development at Kotak Mahindara Life Insurance?
Assistant Manager - Business Development salary at Kotak Mahindara Life Insurance in India ranges between ₹5.7 Lakhs to ₹6.3 Lakhs for experience between 6 years to 9 years. According to our estimates it is 18% less than the average Assistant Manager - Business Development Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Assistant Manager - Business Development at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Assistant Manager - Business Development at Kotak Mahindara Life Insurance is 18% less than the average salary of a Assistant Manager - Business Development in India. To know exact salary insights, login to view.
What are the top skills required to work as a Assistant Manager - Business Development at Kotak Mahindara Life Insurance?
Team Handling, Life Insurance, banca sales, Relationship Management and channel management are some of the popular skills required to work as a Assistant Manager - Business Development at Kotak Mahindara Life Insurance India.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Assistant Manager - Business Development in India?
  • SBI Life Insurance Company Assistant Manager - Business Development Salary - ₹4.3 Lakhs to ₹7.0 Lakhs per year
What is the salary of a Assistant Manager - Business Development in companies similar to Kotak Mahindara Life Insurance in India?
  • Care Health Insurance Assistant Manager - Business Development Salary - ₹4.5 Lakhs to ₹7.5 Lakhs per year
  • Max Life Insurance Assistant Manager - Business Development Salary - ₹3.3 Lakhs to ₹4.8 Lakhs per year
  • Shriram Life Insurance Assistant Manager - Business Development Salary - ₹2.5 Lakhs to ₹3.6 Lakhs per year
  • ICICI Prudential Life Insurance Assistant Manager - Business Development Salary - ₹2.3 Lakhs to ₹2.9 Lakhs per year
  • Tata AIA Life Insurance Assistant Manager - Business Development Salary - ₹2.3 Lakhs to ₹2.7 Lakhs per year
What is the estimated take home salary of a Assistant Manager - Business Development at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Assistant Manager - Business Development at Kotak Mahindara Life Insurance ranges between ₹44,863 per month to ₹45,956 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Assistant Manager - Business Development salary in India which ranges between ₹5.7 Lakhs to ₹6.3 Lakhs per year for employees with experience between 6 years to 9 years. Check how did we calculate take home salary?
What is the notice period for Assistant Manager - Business Development at Kotak Mahindara Life Insurance?
According to AmbitionBox, 56% of the Kotak Mahindara Life Insurance Assistant Manager - Business Developments reported a notice period of 2 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Assistant Manager - Business Development salary in India ranges between ₹5.7 Lakhs to ₹6.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.