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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Associate Business Development Manager salaries in India

Annual salary range
5 - 15 years exp.
₹5.1 Lakhs - ₹8.1 Lakhs
Salary of majority employees
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34% less than the average Associate Business Development Manager Salary in Insurance Companies for 5 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Associate Business Development Manager Salary
5 - 15 years exp. (14 salaries)
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₹5.1 L/yr - ₹8.1 L/yr

Sales & Business Development
Associate Business Development Manager Salary
5 - 15 years exp. (6 salaries)
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₹5.2 L/yr - ₹7.9 L/yr

Last Updated: 18 Oct 2024

Companies similar to Kotak Mahindara Life Insurance for Associate Business Development Manager

Company name Avg Annual Salary Open Jobs
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₹4.5 L/yr - ₹5 L/yr

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₹3.1 L/yr - ₹5 L/yr

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₹2.4 L/yr - ₹5.2 L/yr

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₹2.5 L/yr - ₹7.5 L/yr

arrow icon 27% less
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₹3.5 L/yr - ₹5.8 L/yr

arrow icon 35% less
Associate Business Development Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.1 Lakhs to ₹8.1 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 21 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

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6 years exp.
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Experience wise Kotak Mahindara Life Insurance Associate Business Development Manager salaries

Last Updated: 18 Oct 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹11.6 L/yr
6 years  (3 salaries)

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₹5.7 L/yr - ₹11.7 L/yr
7 years  (3 salaries)

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₹5.1 L/yr - ₹7.3 L/yr
8 years (AmbitionBox Estimate)

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₹6 L/yr - ₹11.9 L/yr
9 years  (3 salaries)

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₹5.4 L/yr - ₹8 L/yr
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Similar Designation salaries in Kotak Mahindara Life Insurance

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₹3.6 L/yr - ₹6.5 L/yr
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₹2 L/yr - ₹10.69 L/yr
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₹2.4 L/yr - ₹6 L/yr
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₹4 L/yr - ₹11 L/yr
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₹5.39 L/yr - ₹14 L/yr
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₹1.2 L/yr - ₹4.7 L/yr
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₹1.25 L/yr - ₹4 L/yr
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₹3.3 L/yr - ₹6.2 L/yr
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₹4.8 L/yr - ₹18 L/yr
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₹3 L/yr - ₹6.8 L/yr

Top skills at Kotak Mahindara Life Insurance for Associate Business Development Manager

banca sales Life Insurance Bancassurance banca channel management Team Handling Insurance Sales Business Development Branch Handling Area Sales Management Sales Team Leading Alternate Channel Area Sales Insurance Broking

Salary related reviews for Kotak Mahindara Life Insurance

2.5

Rated by 5 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.

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."

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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..

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Dislikes

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

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

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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.

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.

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BFSI, Investments & Trading Department

4.0
  •  posted on 16 Jun 2020

2.0
 for  Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

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Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

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Kotak Mahindara Life Insurance Associate Business Development Manager Salary FAQs

What is the salary of Associate Business Development Manager at Kotak Mahindara Life Insurance?
Associate Business Development Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹5.1 Lakhs to ₹8.1 Lakhs for experience between 5 years to 15 years. According to our estimates it is 34% less than the average Associate Business Development Manager Salary in India. Salary estimates are based on 21 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Associate Business Development Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Associate Business Development Manager at Kotak Mahindara Life Insurance is 34% less than the average salary of a Associate Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Associate Business Development Manager at Kotak Mahindara Life Insurance?
banca sales, Life Insurance, Bancassurance, banca and channel management are some of the popular skills required to work as a Associate Business Development Manager at Kotak Mahindara Life Insurance India.
What is the salary of a Associate Business Development Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • ICICI Lombard General Insurance Company Associate Business Development Manager Salary - ₹2.5 Lakhs to ₹7.5 Lakhs per year
  • ICICI Prudential Life Insurance Associate Business Development Manager Salary - ₹4.5 Lakhs to ₹5.0 Lakhs per year
  • Care Health Insurance Associate Business Development Manager Salary - ₹3.5 Lakhs to ₹5.8 Lakhs per year
  • Max Life Insurance Associate Business Development Manager Salary - ₹2.4 Lakhs to ₹5.2 Lakhs per year
  • HDFC Life Associate Business Development Manager Salary - ₹3.1 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Associate Business Development Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Associate Business Development Manager at Kotak Mahindara Life Insurance ranges between ₹50,996 per month to ₹52,199 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Associate Business Development Manager salary in India which ranges between ₹5.1 Lakhs to ₹8.1 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?
What is the notice period for Associate Business Development Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 47% of the Kotak Mahindara Life Insurance Associate Business Development Managers reported a notice period of 2 Months, 29% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 17 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Associate Business Development Manager salary in India ranges between ₹5.1 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.