Kotak Mahindara Life Insurance Associate Salaries by 30+ Employees (Updated 2025)

1 - 6 years exp.

₹1.3 Lakh - ₹2.7 Lakhs

Salary of majority employees

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70% less than the average Associate Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Associate Salary 1 - 5 years exp. (12 salaries)	Unlock ₹1.3 L/yr - ₹2.7 L/yr
BFSI, Investments & Trading Associate Salary 1 - 6 years exp. (11 salaries)	Unlock ₹1.5 L/yr - ₹2.4 L/yr
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Finance & Accounting Associate Salary 1 - 3 years exp. (4 salaries)	Unlock ₹1.8 L/yr - ₹2.6 L/yr
Data Science & Analytics Associate Salary 1 - 2 years exp. (3 salaries)	Unlock ₹1.9 L/yr - ₹2.4 L/yr

Last Updated: 23 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Salary 0 - 6 years exp. (281 salaries)	Unlock ₹1.7 L/yr - ₹4.3 L/yr 51% more
HDFC Life Associate Salary 0 - 3 years exp. (227 salaries)	Unlock ₹1.1 L/yr - ₹3.3 L/yr 8% less
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SBI Life Insurance Company Associate Salary 1 - 6 years exp. (236 salaries)	Unlock ₹1 L/yr - ₹4.2 L/yr 15% more
Max Life Insurance Associate Salary 0 - 5 years exp. (34 salaries)	Unlock ₹2 L/yr - ₹4.3 L/yr 37% more	2 job openings
Bajaj Allianz Life Insurance Associate Salary 2 - 4 years exp. (3 salaries)	Unlock ₹3.5 L/yr - ₹4.1 L/yr 64% more
Reliance Nippon Life Insurance Associate Salary 2 - 5 years exp. (3 salaries)	Unlock ₹1.8 L/yr - ₹7 L/yr 76% more
Aditya Birla Sun Life Insurance Associate Salary 1 - 5 years exp. (15 salaries)	Unlock ₹1.7 L/yr - ₹4 L/yr 31% more
Tata AIA Life Insurance Associate Salary 1 - 6 years exp. (10 salaries)	Unlock ₹1.3 L/yr - ₹4.4 L/yr 41% more
PNB MetLife Associate Salary 0 - 5 years exp. (7 salaries)	Unlock ₹1.1 L/yr - ₹4.3 L/yr 21% more
Life Insurance Corporation of India Associate Salary 1 - 10 years exp. (6 salaries)	Unlock ₹2.3 L/yr - ₹3.6 L/yr 37% more
HDFC Ergo General Insurance Associate Salary 1 - 8 years exp. (204 salaries)	Unlock ₹1.8 L/yr - ₹5.2 L/yr 69% more
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ICICI Lombard General Insurance Company Associate Salary 0 - 6 years exp. (77 salaries)	Unlock ₹0.7 L/yr - ₹3.6 L/yr 13% more
Swiss Re Associate Salary 1 - 7 years exp. (65 salaries)	Unlock ₹5 L/yr - ₹17 L/yr 409% more
Gallagher Associate Salary 0 - 3 years exp. (31 salaries)	Unlock ₹2 L/yr - ₹5.5 L/yr 34% more
Kotak Mahindra General Insurance Associate Salary 0 - 5 years exp. (13 salaries)	Unlock ₹1.5 L/yr - ₹2.9 L/yr 10% more
AXA Associate Salary 0 - 2 years exp. (12 salaries)	Unlock ₹2.5 L/yr - ₹3.5 L/yr 49% more
Empower Associate Salary 0 - 4 years exp. (6 salaries)	Unlock ₹2.9 L/yr - ₹4.7 L/yr 58% more
Shriram Life Insurance Associate Salary 2 - 5 years exp. (4 salaries)	Unlock ₹1.6 L/yr - ₹2.5 L/yr 7% less
Allianz Associate Salary 0 - 1 year exp. (4 salaries)	Unlock ₹2.2 L/yr - ₹4.5 L/yr 73% more
Star Health & Allied Insurance Associate Salary 0 - 3 years exp. (4 salaries)	Unlock ₹1.2 L/yr - ₹2.5 L/yr 19% less

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Associate salary at Kotak Mahindara Life Insurance ranges between ₹1.3 Lakh to ₹2.7 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 38 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Associate

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5 years exp.

1mo ago

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1 year exp.

3mo ago

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5 years exp.

6mo ago

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6 years exp.

7mo ago

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1 year exp.

8mo ago

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2 years exp.

8mo ago

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4 years exp.

10mo ago

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2 years exp.

11mo ago

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5 years exp.

11mo ago

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3 years exp.

Experience wise Kotak Mahindara Life Insurance Associate salaries

Last Updated: 23 Jan 2025

Experience	Avg Annual Salary
1 year (7 salaries)	Unlock ₹1.3 L/yr - ₹2.6 L/yr
2 years (10 salaries)	Unlock ₹1.3 L/yr - ₹2.7 L/yr
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3 years (7 salaries)	Unlock ₹1.7 L/yr - ₹2.7 L/yr
4 years (6 salaries)	Unlock ₹1.3 L/yr - ₹2.7 L/yr
5 years (6 salaries)	Unlock ₹2 L/yr - ₹2.6 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹1 L/yr - ₹2.5 L/yr

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Similar Designation salaries in Kotak Mahindara Life Insurance

Senior Associate Salary

(4 salaries)

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₹2.8 L/yr - ₹3.51 L/yr

Team Lead Salary

(34 salaries)

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₹1.2 L/yr - ₹6.95 L/yr

Associate Consultant Salary

(4 salaries)

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₹1.8 L/yr - ₹1.9 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr

Senior Consultant Salary

(3 salaries)

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₹24 L/yr - ₹65 L/yr

Software Engineer Salary

(3 salaries)

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₹4 L/yr - ₹15 L/yr

Salesforce Developer Salary

(AmbitionBox Estimate)

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₹0.3 L/yr - ₹0.3 L/yr

Software Developer Salary

(3 salaries)

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₹3 L/yr - ₹5.2 L/yr

Application Developer Salary

(AmbitionBox Estimate)

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₹10.8 L/yr - ₹13.8 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

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₹9 L/yr - ₹11.5 L/yr

Top skills at Kotak Mahindara Life Insurance for Associate

Recruitment Screening Shortlisting HR Sourcing

Salary related reviews for Kotak Mahindara Life Insurance

3.9

Rated by 6 employees for salary & benefits

Sales Manager in Mumbai

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."

Salary - Bad

+2 more

Admin Manager in Hyderabad / Secunderabad

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.

Salary - Bad

+1 more

Senior Manager in Jorhat

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.

Salary - Poor

+6 more

Chief Manager in Mumbai

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.

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

Salary - Poor

+1 more

Deputy Manager in Mumbai

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

Skill development - Poor

+4 more

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2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Kotak Mahindara Life Insurance Associate Salary FAQs

What is the salary of Associate at Kotak Mahindara Life Insurance?

Associate salary at Kotak Mahindara Life Insurance in India ranges between ₹1.3 Lakhs to ₹2.7 Lakhs for experience between 1 years to 6 years. According to our estimates it is 70% less than the average Associate Salary in India. Salary estimates are based on 38 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Associate at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Associate at Kotak Mahindara Life Insurance is 70% less than the average salary of a Associate in India. To know exact salary insights, login to view.

What are the top skills required to work as a Associate at Kotak Mahindara Life Insurance?

Recruitment, Screening, Shortlisting, HR and Sourcing are some of the popular skills required to work as a Associate at Kotak Mahindara Life Insurance India.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Associate in India?

Swiss Re Associate Salary - ₹5.0 Lakhs to ₹17.0 Lakhs per year
The New India Assurance Co. Associate Salary - ₹2.3 Lakhs to ₹8.5 Lakhs per year
Reliance Nippon Life Insurance Associate Salary - ₹1.8 Lakhs to ₹7.0 Lakhs per year
Allianz Associate Salary - ₹2.2 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance Associate Salary - ₹1.8 Lakhs to ₹5.2 Lakhs per year

What is the salary of a Associate in companies similar to Kotak Mahindara Life Insurance in India?

Bajaj Allianz Life Insurance Associate Salary - ₹3.5 Lakhs to ₹4.1 Lakhs per year
Empower Associate Salary - ₹2.9 Lakhs to ₹4.7 Lakhs per year
ICICI Prudential Life Insurance Associate Salary - ₹1.7 Lakhs to ₹4.3 Lakhs per year
AXA Associate Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
SBI General Insurance Associate Salary - ₹2.0 Lakhs to ₹4.2 Lakhs per year

What is the estimated take home salary of a Associate at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Associate at Kotak Mahindara Life Insurance ranges between ₹15,462 per month to ₹17,069 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Associate salary in India which ranges between ₹1.3 Lakhs to ₹2.7 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Associate at Kotak Mahindara Life Insurance?

According to AmbitionBox, 60% of the Kotak Mahindara Life Insurance Associates reported a notice period of 1 Month, 36% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 25 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Associate Salaries

Kotak Mahindara Life Insurance Associate salary in India ranges between ₹1.3 Lakh to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 38 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.