Kotak Mahindara Life Insurance AVP Salaries by 10+ Employees (Updated 2025)

7 - 22 years exp.

₹6.6 Lakhs - ₹22.5 Lakhs

Salary of majority employees

Fixed (91%)

₹14 Lakhs

Variable (9%)

₹1.3 Lakh

50% less than the average AVP Salary in Insurance Companies for 7 - 22 years of experience

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Salaries in different departments

BFSI, Investments & Trading AVP Salary 15 - 22 years exp. (5 salaries)	₹9.8 L/yr - ₹23.5 L/yr
Sales & Business Development AVP Salary 8 - 18 years exp. (5 salaries)	₹6.6 L/yr - ₹18.5 L/yr
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Teaching & Training AVP Salary 18 - 19 years exp. (AmbitionBox Estimate)	₹11.5 L/yr - ₹15.2 L/yr

Last Updated: 3 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for AVP

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance AVP Salary 10 - 19 years exp. (27 salaries)	₹13.5 L/yr - ₹32 L/yr 33% more
ICICI Lombard General Insurance Company AVP Salary 11 - 18 years exp. (23 salaries)	₹16 L/yr - ₹39 L/yr 53% more
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HDFC Life AVP Salary 13 - 20 years exp. (23 salaries)	₹22 L/yr - ₹60.5 L/yr 122% more
Axis Max Life Insurance AVP Salary 12 - 21 years exp. (22 salaries)	₹14.4 L/yr - ₹40 L/yr 48% more
SBI Life Insurance Company AVP Salary 12 - 18 years exp. (21 salaries)	₹10 L/yr - ₹31 L/yr 30% more
Swiss Re AVP Salary 9 - 15 years exp. (15 salaries)	₹19 L/yr - ₹42.5 L/yr 99% more
Reliance Nippon Life Insurance AVP Salary 13 - 20 years exp. (7 salaries)	₹20 L/yr - ₹33 L/yr 41% more
Kotak Mahindra General Insurance AVP Salary 10 - 19 years exp. (6 salaries)	₹20 L/yr - ₹31 L/yr 57% more
Aditya Birla Sun Life Insurance AVP Salary 7 - 14 years exp. (5 salaries)	₹29 L/yr - ₹40.5 L/yr 121% more
Bajaj Allianz Life Insurance AVP Salary 14 - 19 years exp. (4 salaries)	₹35 L/yr - ₹38.2 L/yr 149% more
Star Health & Allied Insurance AVP Salary 10 - 17 years exp. (4 salaries)	₹22 L/yr - ₹50 L/yr 176% more
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Aegon Religare Life Insurance AVP Salary 9 - 17 years exp. (3 salaries)	₹6 L/yr - ₹27 L/yr 24% more

AVP salary at Kotak Mahindara Life Insurance ranges between ₹6.6 Lakhs to ₹22.5 Lakhs per year for employees with experience between 7 years to 22 years. Salary estimates are based on 18 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance AVP salaries

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹15 L/yr
8 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹26.9 L/yr
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9 years (AmbitionBox Estimate)	₹13.5 L/yr - ₹17.2 L/yr
10 years (AmbitionBox Estimate)	₹6 L/yr - ₹18 L/yr
11 years (AmbitionBox Estimate)	₹13.6 L/yr - ₹17.4 L/yr
12 years (AmbitionBox Estimate)	₹13.7 L/yr - ₹17.5 L/yr
13 years (AmbitionBox Estimate)	₹13.7 L/yr - ₹17.5 L/yr
14 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹27.5 L/yr
15+ years (14 salaries)	₹9.8 L/yr - ₹25.3 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(764 salaries)

₹2 L/yr - ₹5.69 L/yr

Chief Manager Salary

(478 salaries)

₹5.15 L/yr - ₹18.5 L/yr

Assistant Vice President Salary

(209 salaries)

₹7 L/yr - ₹28 L/yr

Management Trainee Salary

(195 salaries)

₹1 L/yr - ₹6.5 L/yr

Managing Partner Salary

(122 salaries)

₹2.5 L/yr - ₹6.6 L/yr

Senior Managing Partner Salary

(86 salaries)

₹3.6 L/yr - ₹6.5 L/yr

Agency Partner Salary

(78 salaries)

₹1 L/yr - ₹7.95 L/yr

Life Advisor Salary

(73 salaries)

₹1 L/yr - ₹6.1 L/yr

Deputy Manager Operations Salary

(72 salaries)

₹2.5 L/yr - ₹5 L/yr

Premier Relationship Manager Salary

(68 salaries)

₹3.2 L/yr - ₹4.53 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 3 employees for salary & benefits

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

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

Chief Manager in Mumbai

Full Time

Finance & Accounting Department

4.0

• posted on 04 Apr 2024

3.0

for Salary and Benefits

Likes

Work life balance is okay. Good place to work in. Maximum professionally qualified employees.

Job security - Good

+1 more

Dislikes

No Employee benefits. Salary lower than industry standards. No comp off. Politics (common in every organisation) No work from home.

Chief Manager in Silchar

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 27 Jul 2023

5.0

for Salary and Benefits

Likes

HR support is very good.. Salary amd Incentive payout

Salary - Excellent

+2 more

Dislikes

Kotak is big brand to work but few of the Senior Managers made the work culture worst just for their benefits... They doesn't have feelings about the pain of employees.

Work satisfaction - Bad

+1 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Kotak Mahindara Life Insurance AVP Salary FAQs

What is the salary of AVP at Kotak Mahindara Life Insurance ?

The average salary of a AVP at Kotak Mahindara Life Insurance in India typically ranges from ₹6.6 Lakhs to ₹22.5 Lakhs per year, depending on experience (from 7 years to 22 years).

The top 10% of AVP at Kotak Mahindara Life Insurance earn more than ₹22.5 Lakhs per year, and the top 1% earn over ₹41.0 Lakhs per year. AVP 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 AVP at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a AVP at Kotak Mahindara Life Insurance in India typically ranges from ₹1,05,488 to ₹1,08,387 per month. This is based on the average salary range of ₹6.6 Lakhs to ₹22.5 Lakhs per year for employees with experience ranging from 7 years to 22 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 AVP in India?

Star Health & Allied Insurance	₹22.0 Lakhs to ₹50.0 Lakhs per year
Bajaj Allianz Life Insurance	₹35.0 Lakhs to ₹38.2 Lakhs per year
HDFC Life	₹22.0 Lakhs to ₹60.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹29.0 Lakhs to ₹40.5 Lakhs per year
Swiss Re	₹19.0 Lakhs to ₹42.5 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 AVP in companies similar to Kotak Mahindara Life Insurance in India?

The salary of a AVP 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:

Kotak Mahindra General Insurance	₹20.0 Lakhs to ₹31.0 Lakhs per year
ICICI Lombard General Insurance Company	₹16.0 Lakhs to ₹39.0 Lakhs per year
Axis Max Life Insurance	₹14.4 Lakhs to ₹40.0 Lakhs per year
Reliance Nippon Life Insurance	₹20.0 Lakhs to ₹33.0 Lakhs per year
HDFC Ergo General Insurance	₹13.5 Lakhs to ₹32.0 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 AVP at Kotak Mahindara Life Insurance in India?

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

Experience	Average Salary Range
7 years	₹5.9 Lakhs to ₹15.0 Lakhs per year
8 years	₹6.6 Lakhs to ₹26.9 Lakhs per year
9 years	₹13.5 Lakhs to ₹17.2 Lakhs per year
10 years	₹6.0 Lakhs to ₹18.0 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance AVP Salaries

Kotak Mahindara Life Insurance AVP salary in India ranges between ₹6.6 Lakhs to ₹22.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.