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Kotak Mahindara Life Insurance Assistant Vice President salaries in New Delhi (Updated 2025)

Annual salary range
10 - 18 years exp.
₹9 Lakhs - ₹24.2 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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45% less than the average Assistant Vice President Salary in Insurance Companies for 10 - 18 years of experience

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Salaries in different departments

Sales & Business Development
Assistant Vice President Salary
12 - 18 years exp. (6 salaries)
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₹11.5 L/yr - ₹15 L/yr

BFSI, Investments & Trading
Assistant Vice President Salary
10 - 18 years exp. (5 salaries)
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₹9 L/yr - ₹15.1 L/yr

Human Resources
Assistant Vice President Salary
18 years exp. (AmbitionBox Estimate)
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₹15.6 L/yr - ₹24.2 L/yr

Last Updated: 16 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Assistant Vice President in New Delhi

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Kotak Mahindara Life Insurance Assistant Vice President Salary

10 - 18 years exp. (12 salaries)

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₹9 L/yr - ₹24.2 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹11 L/yr - ₹28 L/yr

arrow icon 32% more
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₹18.5 L/yr - ₹40 L/yr

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1 job opening
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Swiss Re Assistant Vice President Salary

7 - 13 years exp. (9 salaries)

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₹12.2 L/yr - ₹35 L/yr

arrow icon 81% more
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₹25 L/yr - ₹32.6 L/yr

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5 job openings
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Yes Bank Assistant Vice President Salary

4 - 19 years exp. (321 salaries)

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₹9 L/yr - ₹28 L/yr

arrow icon 7% more
1 job opening
Assistant Vice President salary at Kotak Mahindara Life Insurance ranges between ₹9 Lakhs to ₹24.2 Lakhs per year for employees with experience between 10 years to 18 years. Salary estimates are based on 12 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Assistant Vice President in New Delhi

3w ago
₹11.5 Lakhs
17 years exp.
4mo ago
₹15 Lakhs
18 years exp.
6mo ago
₹13 Lakhs
17 years exp.
8mo ago
₹24.2 Lakhs
18 years exp.
1y ago
₹13 Lakhs
16 years exp.
1y ago
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17 years exp.
1y ago
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18 years exp.
1y ago
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16 years exp.
1y ago
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12 years exp.

Experience wise Kotak Mahindara Life Insurance Assistant Vice President salaries in New Delhi

Last Updated: 16 Mar 2025

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹13.9 L/yr - ₹17.8 L/yr
11 years (AmbitionBox Estimate)

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₹14 L/yr - ₹17.9 L/yr
12 years (AmbitionBox Estimate)

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₹14.1 L/yr - ₹18 L/yr
13 years (AmbitionBox Estimate)

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₹14.1 L/yr - ₹18.1 L/yr
14 years (AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.2 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(50 salaries)
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₹2 L/yr - ₹5.63 L/yr
Chief Manager Salary
(32 salaries)
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₹4.5 L/yr - ₹13.2 L/yr
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₹3.05 L/yr - ₹6 L/yr
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₹3.2 L/yr - ₹4.3 L/yr
Agency Partner Salary
(6 salaries)
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₹2 L/yr - ₹5.5 L/yr
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₹3 L/yr - ₹4.85 L/yr
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₹2.75 L/yr - ₹3.5 L/yr
Life Advisor Salary
(4 salaries)
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₹2.5 L/yr - ₹4.5 L/yr

Top skills at Kotak Mahindara Life Insurance for Assistant Vice President

Commissioning Vendor Payments Client Coordination Beverage MIS Preparation CA Team Handling Management Information System General Insurance Risk Management Investigations Claims Adjudication Excel Fraud Investigation Vendor Management

Salary related reviews for Kotak Mahindara Life Insurance

2.0

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.

  • 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

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 18 Nov 2024

1.0
 for  Salary and Benefits

Likes

work life balance and the culture of the organization

  • Job security - Good
  • +2 more

Dislikes

Salary not up to the mark. not paid as per industry standard. additional branches, additional works given without proper hike in salary. Branches have poor depressing culture, no celebration, revenue generating teams at branches are recognized, not the backend teams irrespective of their contribution to the success. Overall branches are not happy place to work.

read more
  • Salary - Bad
  • +1 more

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 01 May 2024

2.0
 for  Salary and Benefits

Likes

Nothing good to write about.

Dislikes

Can't even count the dislikes. 1. You are never sure that you will get your salary on time. HR can (by mistake) mistakes at time of salary credit. 2. Upper management lies alot. 3. You wont learn anything, if u have ideas of growth and benificial for the company (Forget It) 4. HR is just a word, the people of the department don't know what HR does for a change. 5. You will be promissed alot of things at time of joining, rest assured they are just a myth. This list can go on and on, i just don't wanna waste my time on them anymore.

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more
  • Job security - Excellent
  • +2 more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

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  • Salary - Poor
  • +1 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
see more salary related reviews

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Kotak Mahindara Life Insurance Assistant Vice President Salary FAQs

What is the salary of Assistant Vice President at Kotak Mahindara Life Insurance in New Delhi?
The average salary of a Assistant Vice President at Kotak Mahindara Life Insurance in New Delhi typically ranges from ₹9.0 Lakhs to ₹24.2 Lakhs per year, depending on experience (from 10 years to 18 years).

The top 10% of Assistant Vice President in New Delhi at Kotak Mahindara Life Insurance earn more than ₹17.8 Lakhs per year, and the top 1% earn over ₹24.2 Lakhs per year. Assistant Vice President 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 Vice President at Kotak Mahindara Life Insurance in New Delhi?
The estimated take-home salary of a Assistant Vice President at Kotak Mahindara Life Insurance in New Delhi typically ranges from ₹1,07,918 to ₹1,10,895 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹24.2 Lakhs per year for employees with experience ranging from 10 years to 18 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 Vice President at Kotak Mahindara Life Insurance in New Delhi?
To be a Assistant Vice President at Kotak Mahindara Life Insurance in New Delhi, the key skills required include:

  • - Commissioning
  • - Vendor Payments
  • - Client Coordination
  • - Beverage
  • - MIS Preparation

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 Vice President in India?
Tata AIA Life Insurance ₹25.0 Lakhs to ₹32.6 Lakhs per year
Swiss Re ₹12.2 Lakhs to ₹35.0 Lakhs per year
Axis Max Life Insurance ₹18.5 Lakhs to ₹40.0 Lakhs per year
HDFC Ergo General Insurance ₹11.0 Lakhs to ₹28.0 Lakhs per year
Yes Bank ₹9.0 Lakhs to ₹28.0 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.
How the salary growth look like for a Assistant Vice President at Kotak Mahindara Life Insurance in New Delhi?
The salary growth for a Assistant Vice President at Kotak Mahindara Life Insurance in New Delhi depends on factors such as experience, performance, and promotions. On average, a Assistant Vice President in New Delhi can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
10 years ₹13.9 Lakhs to ₹17.8 Lakhs per year
11 years ₹14.0 Lakhs to ₹17.9 Lakhs per year
12 years ₹14.1 Lakhs to ₹18.0 Lakhs per year
13 years ₹14.1 Lakhs to ₹18.1 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Assistant Vice President salary in New Delhi ranges between ₹9 Lakhs to ₹24.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.