Kotak Mahindara Life Insurance Associate Agency Partner Salaries by 10+ Employees

1 - 5 years exp.

₹1.2 Lakh - ₹6.7 Lakhs

Salary of majority employees

Fixed (100%)

₹3 Lakhs

Variable (0%)

₹0.0

27% more than the average Associate Agency Partner Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

Sales & Business Development Associate Agency Partner Salary 2 - 5 years exp. (5 salaries)	₹2.1 L/yr - ₹4.8 L/yr
Finance & Accounting Associate Agency Partner Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹6.7 L/yr
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Production, Manufacturing & Engineering Associate Agency Partner Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹4.4 L/yr - ₹6 L/yr
Customer Success, Service & Operations Associate Agency Partner Salary 1 year exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹2.4 L/yr
Marketing & Communication Associate Agency Partner Salary 4 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹2.9 L/yr

Last Updated: 22 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Associate Agency Partner

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Associate Agency Partner Salary 1 - 3 years exp. (4 salaries)	₹3.8 L/yr - ₹8 L/yr 39% more
Login to view exact salary
Aditya Birla Capital Associate Agency Partner Salary 0 - 3 years exp. (4 salaries)	₹1.2 L/yr - ₹3.5 L/yr 17% less

Associate Agency Partner salary at Kotak Mahindara Life Insurance ranges between ₹1.2 Lakh to ₹6.7 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 16 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Associate Agency Partner salaries

Last Updated: 22 Dec 2024

Experience	Avg Annual Salary
1 year (5 salaries)	₹1.8 L/yr - ₹6 L/yr
2 years (5 salaries)	₹1.8 L/yr - ₹6 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
4 years (4 salaries)	₹1.2 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹2 L/yr - ₹6.7 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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Store Manager Salary

(AmbitionBox Estimate)

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₹5 L/yr - ₹13.5 L/yr

Area Sales Manager Salary

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₹3.78 L/yr - ₹13.8 L/yr

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₹14.2 L/yr - ₹18.2 L/yr

Sales Associate Salary

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₹1.8 L/yr - ₹2.5 L/yr

Relationship Manager Salary

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Salary related reviews for Kotak Mahindara Life Insurance

4.8

Rated by 2 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

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

Sales Associate in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 14 May 2024

1.0

for Salary and Benefits

Likes

Job Security

Dislikes

Top Most Management in this company is worst; decision-making skills are very low Salary packages are very low for junior profiles but there work load is huge as compared with there senior profiles. Zero salary hikes and annual bonuses also depend on your boss; if he wants to give you 100,000, you will get it; if he wants to give you 10,000, that is your bonus. Huge package difference between senior boss and junior employees (ex., senior . Sr. boss package is above 30 Lacs but junior package is below 5 Lacs), Very little appreciation employees

Salary - Bad

+5 more

Relationship Manager in Kolkata

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..

Dislikes

I like nothing about them.. I m with my word..

Salary - Bad

+6 more

Deputy Manager in Thane

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

Salary - Poor

+5 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Kotak Mahindara Life Insurance Associate Agency Partner Salary FAQs

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

The average salary of a Associate Agency Partner at Kotak Mahindara Life Insurance in India typically ranges from ₹1.2 Lakhs to ₹6.7 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Associate Agency Partner at Kotak Mahindara Life Insurance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.7 Lakhs per year. Associate Agency Partner 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 Associate Agency Partner at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Associate Agency Partner at Kotak Mahindara Life Insurance in India typically ranges from ₹21,896 to ₹23,381 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹6.7 Lakhs per year for employees with experience ranging from 1 year to 5 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.

Which companies offer higher salaries than Kotak Mahindara Life Insurance for Associate Agency Partner in India?

Axis Max Life Insurance

₹3.8 Lakhs to ₹8.0 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.

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

The salary of a Associate Agency Partner at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Capital

₹1.2 Lakhs to ₹3.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Associate Agency Partner at Kotak Mahindara Life Insurance in India?

The salary growth for a Associate Agency Partner at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Associate Agency Partner can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹6.0 Lakhs per year
2 years	₹1.8 Lakhs to ₹6.0 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
4 years	₹1.2 Lakhs to ₹4.8 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Associate Agency Partner Salaries

Kotak Mahindara Life Insurance Associate Agency Partner salary in India ranges between ₹1.2 Lakh to ₹6.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.