Kotak Mahindara Life Insurance Associate Vice President Salaries by 20+ Employees (Updated 2025)

10 - 23 years exp.

₹10 Lakhs - ₹22.4 Lakhs

Salary of majority employees

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56% less than the average Associate Vice President Salary in Insurance Companies for 10 - 23 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Vice President Salary 10 - 22 years exp. (13 salaries)	Unlock ₹12.4 L/yr - ₹19.6 L/yr
Sales & Business Development Associate Vice President Salary 12 - 21 years exp. (5 salaries)	Unlock ₹11.2 L/yr - ₹15.3 L/yr
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Marketing & Communication Associate Vice President Salary 11 - 13 years exp. (AmbitionBox Estimate)	Unlock ₹10 L/yr - ₹14.6 L/yr
Customer Success, Service & Operations Associate Vice President Salary 18 years exp. (AmbitionBox Estimate)	Unlock ₹13 L/yr - ₹15 L/yr

Last Updated: 27 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Associate Vice President

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Vice President Salary 10 - 23 years exp. (36 salaries)	Unlock ₹22 L/yr - ₹41.3 L/yr 120% more
HDFC Life Associate Vice President Salary 9 - 24 years exp. (90 salaries)	Unlock ₹18 L/yr - ₹62 L/yr 149% more	2 job openings
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SBI Life Insurance Company Associate Vice President Salary 9 - 20 years exp. (171 salaries)	Unlock ₹9 L/yr - ₹38 L/yr 59% more
Axis Max Life Insurance Associate Vice President Salary 15 - 21 years exp. (29 salaries)	Unlock ₹11.1 L/yr - ₹44.3 L/yr 86% more
Bajaj Allianz Life Insurance Associate Vice President Salary 10 - 23 years exp. (49 salaries)	Unlock ₹22 L/yr - ₹47.5 L/yr 141% more
Reliance Nippon Life Insurance Associate Vice President Salary 15 - 23 years exp. (31 salaries)	Unlock ₹13.9 L/yr - ₹32 L/yr 38% more
Aditya Birla Sun Life Insurance Associate Vice President Salary 7 - 19 years exp. (27 salaries)	Unlock ₹20.2 L/yr - ₹47 L/yr 122% more
Tata AIA Life Insurance Associate Vice President Salary 7 - 17 years exp. (15 salaries)	Unlock ₹19 L/yr - ₹78 L/yr 227% more
PNB MetLife Associate Vice President Salary 13 - 17 years exp. (3 salaries)	Unlock ₹19.5 L/yr - ₹28.6 L/yr 66% more
ICICI Lombard General Insurance Company Associate Vice President Salary 6 - 20 years exp. (283 salaries)	Unlock ₹14 L/yr - ₹38 L/yr 69% more
HDFC Ergo General Insurance Associate Vice President Salary 12 - 21 years exp. (33 salaries)	Unlock ₹12 L/yr - ₹29.5 L/yr 39% more
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SBI General Insurance Associate Vice President Salary 16 - 23 years exp. (19 salaries)	Unlock ₹19 L/yr - ₹33 L/yr 71% more
Kotak Mahindra General Insurance Associate Vice President Salary 7 - 18 years exp. (19 salaries)	Unlock ₹8 L/yr - ₹26.1 L/yr 35% more
Swiss Re Associate Vice President Salary 8 - 13 years exp. (17 salaries)	Unlock ₹17.9 L/yr - ₹40 L/yr 145% more
Shriram Life Insurance Associate Vice President Salary 18 - 19 years exp. (3 salaries)	Unlock ₹16 L/yr - ₹24.2 L/yr 52% more

Associate Vice President salary at Kotak Mahindara Life Insurance ranges between ₹10 Lakhs to ₹22.4 Lakhs per year for employees with experience between 10 years to 23 years. Salary estimates are based on 27 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Associate Vice President

1w ago

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18 years exp.

2mo ago

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18 years exp.

3mo ago

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17 years exp.

3mo ago

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13 years exp.

5mo ago

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18 years exp.

8mo ago

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11 years exp.

10mo ago

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10 years exp.

11mo ago

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23 years exp.

11mo ago

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23 years exp.

1y ago

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17 years exp.

Experience wise Kotak Mahindara Life Insurance Associate Vice President salaries

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	Unlock ₹12.4 L/yr - ₹23.3 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹10 L/yr - ₹23.7 L/yr
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12 years (AmbitionBox Estimate)	Unlock ₹5.3 L/yr - ₹15.3 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹10 L/yr - ₹24.3 L/yr
14 years (4 salaries)	Unlock ₹13.6 L/yr - ₹19.6 L/yr
15+ years (17 salaries)	Unlock ₹11.2 L/yr - ₹22.4 L/yr

View all

From

Associate Vice President

₹

Lakhs/yr

10 - 23 years exp.

Senior Vice President

₹

Lakhs/yr

13 - 24 years exp.

Associate Vice President

10 - 23 years exp.

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Deputy Vice President

13 - 20 years exp.

Unlock

91% hike

Vice President

14 - 21 years exp.

Unlock

20% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindara Life Insurance

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Technical Architect Salary

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₹47.5 L/yr - ₹52.5 L/yr

Software Engineer Salary

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₹4 L/yr - ₹15 L/yr

Project Manager Salary

(14 salaries)

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₹6.5 L/yr - ₹22 L/yr

Senior Consultant Salary

(3 salaries)

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₹24 L/yr - ₹65 L/yr

Senior Software Engineer Salary

(AmbitionBox Estimate)

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₹9 L/yr - ₹11.5 L/yr

Team Lead Salary

(34 salaries)

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₹1.2 L/yr - ₹6.95 L/yr

Technical Manager Salary

(AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.7 L/yr

Senior Associate Salary

(4 salaries)

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₹2.8 L/yr - ₹3.51 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.4

Rated by 4 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 Vice President Salary FAQs

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

Associate Vice President salary at Kotak Mahindara Life Insurance in India ranges between ₹10.0 Lakhs to ₹22.4 Lakhs for experience between 10 years to 23 years. According to our estimates it is 56% less than the average Associate Vice President Salary in India. Salary estimates are based on 27 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Associate Vice President at Kotak Mahindara Life Insurance is 56% less than the average salary of a Associate Vice President in India. To know exact salary insights, login to view.

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

Tata AIA Life Insurance Associate Vice President Salary - ₹19.0 Lakhs to ₹78.0 Lakhs per year
HDFC Life Associate Vice President Salary - ₹18.0 Lakhs to ₹62.0 Lakhs per year
Swiss Re Associate Vice President Salary - ₹17.9 Lakhs to ₹40.0 Lakhs per year
Bajaj Allianz Life Insurance Associate Vice President Salary - ₹22.0 Lakhs to ₹47.5 Lakhs per year
Aditya Birla Sun Life Insurance Associate Vice President Salary - ₹20.2 Lakhs to ₹47.0 Lakhs per year

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

ICICI Prudential Life Insurance Associate Vice President Salary - ₹22.0 Lakhs to ₹41.3 Lakhs per year
Axis Max Life Insurance Associate Vice President Salary - ₹11.1 Lakhs to ₹44.3 Lakhs per year
SBI General Insurance Associate Vice President Salary - ₹19.0 Lakhs to ₹33.0 Lakhs per year
ICICI Lombard General Insurance Company Associate Vice President Salary - ₹14.0 Lakhs to ₹38.0 Lakhs per year
PNB MetLife Associate Vice President Salary - ₹19.5 Lakhs to ₹28.6 Lakhs per year

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

The estimated take-home salary of a Associate Vice President at Kotak Mahindara Life Insurance ranges between ₹98,272 per month to ₹1,00,937 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Associate Vice President salary in India which ranges between ₹10.0 Lakhs to ₹22.4 Lakhs per year for employees with experience between 10 years to 23 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 64% of the Kotak Mahindara Life Insurance Associate Vice Presidents reported a notice period of 3 Months, 15% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Associate Vice President Salaries

Kotak Mahindara Life Insurance Associate Vice President salary in India ranges between ₹10 Lakhs to ₹22.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Associate Vice President salaries in India

Companies similar to Kotak Mahindara Life Insurance for Associate Vice President

Latest annual salaries shared by Kotak Mahindara Life Insurance Associate Vice President

Experience wise Kotak Mahindara Life Insurance Associate Vice President salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Salary related reviews for Kotak Mahindara Life Insurance

Sales Manager in Mumbai

Admin Manager in Hyderabad / Secunderabad

Senior Manager in Jorhat

Chief Manager in Mumbai

Deputy Manager in Mumbai

Kotak Mahindara Life Insurance Associate Vice President Salary FAQs

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