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3.8

based on 2.8k Reviews

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Kotak Mahindara Life Insurance Associate Business Development Manager salaries in Surat

Annual salary range
5 - 13 years exp.
₹5.5 Lakhs - ₹5.8 Lakhs
Salary of majority employees
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At par with the average Associate Business Development Manager Salary in Insurance Companies for 5 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Associate Business Development Manager Salary
6 - 13 years exp. (3 salaries)
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₹5.5 L/yr - ₹5.8 L/yr

Sales & Business Development
Associate Business Development Manager Salary
5 years exp. (AmbitionBox Estimate)
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₹5.7 L/yr - ₹5.8 L/yr

Last Updated: 31 Jul 2024

Associate Business Development Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.5 Lakhs to ₹5.8 Lakhs per year for employees with experience between 5 years to 13 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 Associate Business Development Manager in Surat

6mo ago
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6 years exp.
1y ago
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5 years exp.
1y ago
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13 years exp.
1y ago
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11 years exp.

Experience wise Kotak Mahindara Life Insurance Associate Business Development Manager salaries in Surat

Last Updated: 31 Jul 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹5.7 L/yr
6 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹5.7 L/yr
7 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr
8 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr
9 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.6 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹2.95 L/yr - ₹5 L/yr
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₹2.35 L/yr - ₹4.03 L/yr
Branch Manager Salary
(3 salaries)
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₹8.7 L/yr - ₹10.4 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

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

 · 

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

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  • Skill development - Poor
  • +4 more

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..

  • Salary - Bad
  • +6 more

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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  • Salary - Poor
  • +5 more

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.

  • Salary - Good
  • +5 more

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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Kotak Mahindara Life Insurance Associate Business Development Manager Salary FAQs

What is the salary of Associate Business Development Manager at Kotak Mahindara Life Insurance Surat?
Associate Business Development Manager salary at Kotak Mahindara Life Insurance in Surat ranges between ₹5.5 Lakhs to ₹5.8 Lakhs for experience between 5 years to 13 years. According to our estimates it is 2% more than the average Associate Business Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance Surat.
How does the salary of a Associate Business Development Manager at Kotak Mahindara Life Insurance Surat compare with the average salary range for this job?
The average salary of a Associate Business Development Manager at Kotak Mahindara Life Insurance is 2% more than the average salary of a Associate Business Development Manager in Surat. 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 Surat.
What is the estimated take home salary of a Associate Business Development Manager at Kotak Mahindara Life Insurance in Surat?
The estimated take-home salary of a Associate Business Development Manager at Kotak Mahindara Life Insurance ranges between ₹43,292 per month to ₹44,408 per month in Surat. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Associate Business Development Manager salary in India which ranges between ₹5.5 Lakhs to ₹5.8 Lakhs per year for employees with experience between 5 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Associate Business Development Manager at Kotak Mahindara Life Insurance in Surat?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Associate Business Development Managers in Surat reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Associate Business Development Manager salary in Surat ranges between ₹5.5 Lakhs to ₹5.8 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.