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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance AVP salaries in Mumbai

Annual salary range
7 - 22 years exp.
₹9.8 Lakhs - ₹26.1 Lakhs
Salary of majority employees
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46% less than the average AVP Salary in Insurance Companies for 7 - 22 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
AVP Salary
15 - 22 years exp. (3 salaries)
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₹9.8 L/yr - ₹23.5 L/yr

Sales & Business Development
AVP Salary
17 - 18 years exp. (AmbitionBox Estimate)
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₹12 L/yr - ₹17 L/yr

Last Updated: 3 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for AVP in Mumbai

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Kotak Mahindara Life Insurance AVP Salary

7 - 22 years exp. (9 salaries)

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₹9.8 L/yr - ₹26.1 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life AVP Salary

15 - 23 years exp. (9 salaries)

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₹25 L/yr - ₹39 L/yr

arrow icon 119% more
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SBI Life Insurance Company AVP Salary

12 - 18 years exp. (11 salaries)

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₹15 L/yr - ₹38.3 L/yr

arrow icon 54% more
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Reliance Nippon Life Insurance AVP Salary

13 - 20 years exp. (7 salaries)

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₹20 L/yr - ₹33 L/yr

arrow icon 42% more
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Aditya Birla Sun Life Insurance AVP Salary

8 - 14 years exp. (4 salaries)

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₹29 L/yr - ₹40.5 L/yr

arrow icon 115% more
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₹16 L/yr - ₹39 L/yr

arrow icon 60% more
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HDFC Ergo General Insurance AVP Salary

10 - 19 years exp. (13 salaries)

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₹16 L/yr - ₹32 L/yr

arrow icon 47% more
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Kotak Mahindra General Insurance AVP Salary

10 - 19 years exp. (3 salaries)

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₹20 L/yr - ₹31 L/yr

arrow icon 67% more
AVP salary at Kotak Mahindara Life Insurance ranges between ₹9.8 Lakhs to ₹26.1 Lakhs per year for employees with experience between 7 years to 22 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance AVP in Mumbai

3w ago
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22 years exp.
8mo ago
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15 years exp.
1y ago
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17 years exp.
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18 years exp.
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16 years exp.
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17 years exp.
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15 years exp.
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16 years exp.
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7 years exp.

Experience wise Kotak Mahindara Life Insurance AVP salaries in Mumbai

Last Updated: 3 Jan 2025

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹15 L/yr - ₹28 L/yr
8 years (AmbitionBox Estimate)

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₹14 L/yr - ₹17.9 L/yr
9 years (AmbitionBox Estimate)

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₹14.1 L/yr - ₹18 L/yr
10 years (AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.1 L/yr
11 years (AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.2 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(439 salaries)
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₹2 L/yr - ₹5.8 L/yr
Chief Manager Salary
(254 salaries)
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₹5.5 L/yr - ₹19 L/yr
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₹8.5 L/yr - ₹30.25 L/yr
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₹3.45 L/yr - ₹5 L/yr
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₹2.5 L/yr - ₹6 L/yr
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₹3 L/yr - ₹6 L/yr
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₹2.45 L/yr - ₹3.55 L/yr
Agency Partner Salary
(5 salaries)
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₹1 L/yr - ₹3.15 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 2 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
  • 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

read more
  • Salary - Poor
    +1 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

read more
  • Skill development - Poor
    +4 more

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

read more
  • Salary - Bad
    +5 more

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.

read more

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.

read more
  • Work satisfaction - Bad
    +1 more
see more salary related reviews

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Kotak Mahindara Life Insurance AVP Salary FAQs

What is the salary of AVP at Kotak Mahindara Life Insurance Mumbai?
AVP salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹9.8 Lakhs to ₹26.1 Lakhs for experience between 7 years to 22 years. According to our estimates it is 46% less than the average AVP Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.
How does the salary of a AVP at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a AVP at Kotak Mahindara Life Insurance is 46% less than the average salary of a AVP in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a AVP in Mumbai?
  • HDFC Life AVP Salary - ₹25.0 Lakhs to ₹39.0 Lakhs per year
  • Aditya Birla Sun Life Insurance AVP Salary - ₹29.0 Lakhs to ₹40.5 Lakhs per year
  • Kotak Mahindra General Insurance AVP Salary - ₹20.0 Lakhs to ₹31.0 Lakhs per year
  • ICICI Lombard General Insurance Company AVP Salary - ₹16.0 Lakhs to ₹39.0 Lakhs per year
  • SBI Life Insurance Company AVP Salary - ₹15.0 Lakhs to ₹38.3 Lakhs per year
What is the salary of a AVP in companies similar to Kotak Mahindara Life Insurance in Mumbai?
  • HDFC Ergo General Insurance AVP Salary - ₹16.0 Lakhs to ₹32.0 Lakhs per year
  • Reliance Nippon Life Insurance AVP Salary - ₹20.0 Lakhs to ₹33.0 Lakhs per year
What is the estimated take home salary of a AVP at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a AVP at Kotak Mahindara Life Insurance ranges between ₹1,09,452 per month to ₹1,12,478 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance AVP salary in India which ranges between ₹9.8 Lakhs to ₹26.1 Lakhs per year for employees with experience between 7 years to 22 years. Check how did we calculate take home salary?
What is the notice period for AVP at Kotak Mahindara Life Insurance in Mumbai?
According to AmbitionBox, 63% of the Kotak Mahindara Life Insurance AVPs in Mumbai reported a notice period of 3 Months, 25% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance AVP salary in Mumbai ranges between ₹9.8 Lakhs to ₹26.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.