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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Associate Vice President salaries in New Delhi

Annual salary range
15 - 18 years exp.
₹11.2 Lakhs - ₹19 Lakhs
Salary of majority employees
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48% less than the average Associate Vice President Salary in Insurance Companies for 15 - 18 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Associate Vice President Salary
17 - 18 years exp. (3 salaries)
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₹14.4 L/yr - ₹19 L/yr

Sales & Business Development
Associate Vice President Salary
15 - 16 years exp. (AmbitionBox Estimate)
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₹11.2 L/yr - ₹15.9 L/yr

Last Updated: 27 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Associate Vice President in New Delhi

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Kotak Mahindara Life Insurance Associate Vice President Salary

15 - 18 years exp. (5 salaries)

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₹11.2 L/yr - ₹19 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Associate Vice President Salary

15 - 22 years exp. (14 salaries)

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₹24.1 L/yr - ₹50 L/yr

arrow icon 155% more
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₹15 L/yr - ₹25 L/yr

arrow icon 41% more
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₹11.1 L/yr - ₹26 L/yr

arrow icon 70% more
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₹25 L/yr - ₹30.3 L/yr

arrow icon 91% more
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₹15.3 L/yr - ₹16.7 L/yr

arrow icon 10% more
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₹14 L/yr - ₹32 L/yr

arrow icon 53% more
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₹12 L/yr - ₹37.5 L/yr

arrow icon 80% more
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₹15 L/yr - ₹19 L/yr

arrow icon 22% more
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₹21 L/yr - ₹23.5 L/yr

arrow icon 52% more
Associate Vice President salary at Kotak Mahindara Life Insurance ranges between ₹11.2 Lakhs to ₹19 Lakhs per year for employees with experience between 15 years to 18 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

3w ago
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18 years exp.
3mo ago
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17 years exp.
1y ago
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15 years exp.
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18 years exp.
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16 years exp.

Experience wise Kotak Mahindara Life Insurance Associate Vice President salaries in New Delhi

Last Updated: 27 Dec 2024

Experience Avg Annual Salary
15+ years  (5 salaries)

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₹11.2 L/yr - ₹19 L/yr
Kotak Mahindara Life Insurance Associate Vice President Salary and Career Growth

From

To

Associate Vice President

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10 - 23 years exp.

Senior Vice President

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13 - 24 years exp.

Associate Vice President 10 - 23 years exp.
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Deputy Vice President 13 - 21 years exp.
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arrow icon 84% hike
Vice President 14 - 21 years exp.
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arrow icon 24% hike

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Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(48 salaries)
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₹3.2 L/yr - ₹5.63 L/yr
Chief Manager Salary
(31 salaries)
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₹4.5 L/yr - ₹13.2 L/yr
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₹2.8 L/yr - ₹6 L/yr
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₹9 L/yr - ₹24.2 L/yr
Agency Partner Salary
(5 salaries)
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₹1.8 L/yr - ₹5.5 L/yr
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₹3 L/yr - ₹4.61 L/yr
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₹4.75 L/yr - ₹5.85 L/yr
Life Advisor Salary
(4 salaries)
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₹2.5 L/yr - ₹4.5 L/yr
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₹2.75 L/yr - ₹3.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 1 employees for salary & benefits

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.

read 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

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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

 · 

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

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.

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Full Time

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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.

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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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Kotak Mahindara Life Insurance Associate Vice President Salary FAQs

What is the salary of Associate Vice President at Kotak Mahindara Life Insurance New Delhi?
Associate Vice President salary at Kotak Mahindara Life Insurance in New Delhi ranges between ₹11.2 Lakhs to ₹19.0 Lakhs for experience between 15 years to 18 years. According to our estimates it is 48% less than the average Associate Vice President Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance New Delhi.
How does the salary of a Associate Vice President at Kotak Mahindara Life Insurance New Delhi compare with the average salary range for this job?
The average salary of a Associate Vice President at Kotak Mahindara Life Insurance is 48% less than the average salary of a Associate Vice President in New Delhi. 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 New Delhi?
  • HDFC Life Associate Vice President Salary - ₹24.1 Lakhs to ₹50.0 Lakhs per year
  • Bajaj Allianz Life Insurance Associate Vice President Salary - ₹25.0 Lakhs to ₹30.3 Lakhs per year
  • HDFC Ergo General Insurance Associate Vice President Salary - ₹12.0 Lakhs to ₹37.5 Lakhs per year
  • Max Life Insurance Associate Vice President Salary - ₹11.1 Lakhs to ₹26.0 Lakhs per year
  • ICICI Lombard General Insurance Company Associate Vice President Salary - ₹14.0 Lakhs to ₹32.0 Lakhs per year
What is the salary of a Associate Vice President in companies similar to Kotak Mahindara Life Insurance in New Delhi?
  • Care Health Insurance Associate Vice President Salary - ₹21.0 Lakhs to ₹23.5 Lakhs per year
  • SBI Life Insurance Company Associate Vice President Salary - ₹15.0 Lakhs to ₹25.0 Lakhs per year
  • Kotak Mahindra General Insurance Associate Vice President Salary - ₹15.0 Lakhs to ₹19.0 Lakhs per year
  • Reliance Nippon Life Insurance Associate Vice President Salary - ₹15.3 Lakhs to ₹16.7 Lakhs per year
What is the estimated take home salary of a Associate Vice President at Kotak Mahindara Life Insurance in New Delhi?
The estimated take-home salary of a Associate Vice President at Kotak Mahindara Life Insurance ranges between ₹1,03,233 per month to ₹1,06,059 per month in New Delhi. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Associate Vice President salary in India which ranges between ₹11.2 Lakhs to ₹19.0 Lakhs per year for employees with experience between 15 years to 18 years. Check how did we calculate take home salary?
What is the notice period for Associate Vice President at Kotak Mahindara Life Insurance in New Delhi?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Associate Vice Presidents in New Delhi reported a notice period of 3 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 Vice President salary in New Delhi ranges between ₹11.2 Lakhs to ₹19 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.