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Kotak Mahindara Life Insurance Assistant Vice President salaries in Pune

Annual salary range
12 - 18 years exp.
₹8 Lakhs - ₹15.5 Lakhs
Salary of majority employees
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49% less than the average Assistant Vice President Salary in Insurance Companies for 12 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Vice President Salary
12 - 18 years exp. (3 salaries)
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₹8 L/yr - ₹14 L/yr

Sales & Business Development
Assistant Vice President Salary
15 years exp. (AmbitionBox Estimate)
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₹11.4 L/yr - ₹14.5 L/yr

Last Updated: 12 Jul 2024

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

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Kotak Mahindara Life Insurance Assistant Vice President Salary

12 - 18 years exp. (4 salaries)

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₹8 L/yr - ₹15.5 L/yr

vs
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₹13.2 L/yr - ₹22 L/yr

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₹9.6 L/yr - ₹30 L/yr

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Citicorp Assistant Vice President Salary

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₹17 L/yr - ₹47 L/yr

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Deutsche Bank Assistant Vice President Salary

7 - 21 years exp. (1.8k salaries)

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₹17.2 L/yr - ₹48 L/yr

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7 job openings
Assistant Vice President salary at Kotak Mahindara Life Insurance ranges between ₹8 Lakhs to ₹15.5 Lakhs per year for employees with experience between 12 years to 18 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 Vice President in Pune

8mo ago
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18 years exp.
1y ago
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15 years exp.
1y ago
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12 years exp.

Experience wise Kotak Mahindara Life Insurance Assistant Vice President salaries in Pune

Last Updated: 12 Jul 2024

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹10.3 L/yr - ₹26.6 L/yr
13 years (AmbitionBox Estimate)

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₹13.4 L/yr - ₹17.1 L/yr
14 years (AmbitionBox Estimate)

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₹13.5 L/yr - ₹17.2 L/yr
15+ years  (3 salaries)

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₹8 L/yr - ₹27.5 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(35 salaries)
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₹2.5 L/yr - ₹4.7 L/yr
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₹3.5 L/yr - ₹4.5 L/yr
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₹3.3 L/yr - ₹4.5 L/yr
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₹3.5 L/yr - ₹4.58 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
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Salary related reviews for Kotak Mahindara Life Insurance

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

read more
  • 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 Pune?
Assistant Vice President salary at Kotak Mahindara Life Insurance in Pune ranges between ₹8.0 Lakhs to ₹15.5 Lakhs for experience between 12 years to 18 years. According to our estimates it is 49% less than the average Assistant Vice President Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance Pune.
How does the salary of a Assistant Vice President at Kotak Mahindara Life Insurance Pune compare with the average salary range for this job?
The average salary of a Assistant Vice President at Kotak Mahindara Life Insurance is 49% less than the average salary of a Assistant Vice President in Pune. To know exact salary insights, login to view.
What are the top skills required to work as a Assistant Vice President at Kotak Mahindara Life Insurance?
Commissioning, Vendor Payments, Client Coordination, Beverage and MIS Preparation are some of the popular skills required to work as a Assistant Vice President at Kotak Mahindara Life Insurance Pune.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Assistant Vice President in Pune?
  • Bajaj Allianz Life Insurance Assistant Vice President Salary - ₹39.8 Lakhs to ₹50.0 Lakhs per year
  • Citicorp Assistant Vice President Salary - ₹17.0 Lakhs to ₹47.0 Lakhs per year
  • Deutsche Bank Assistant Vice President Salary - ₹17.2 Lakhs to ₹48.0 Lakhs per year
  • HDFC Ergo General Insurance Assistant Vice President Salary - ₹9.6 Lakhs to ₹30.0 Lakhs per year
  • Axis Max Life Insurance Assistant Vice President Salary - ₹13.2 Lakhs to ₹22.0 Lakhs per year
What is the estimated take home salary of a Assistant Vice President at Kotak Mahindara Life Insurance in Pune?
The estimated take-home salary of a Assistant Vice President at Kotak Mahindara Life Insurance ranges between ₹1,03,116 per month to ₹1,05,938 per month in Pune. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Assistant Vice President salary in India which ranges between ₹8.0 Lakhs to ₹15.5 Lakhs per year for employees with experience between 12 years to 18 years. Check how did we calculate take home salary?
What is the notice period for Assistant Vice President at Kotak Mahindara Life Insurance in Pune?
According to AmbitionBox, 67% of the Kotak Mahindara Life Insurance Assistant Vice Presidents in Pune reported a notice period of 1 Month, 33% reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Assistant Vice President salary in Pune ranges between ₹8 Lakhs to ₹15.5 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.