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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Back Office Executive salaries in Mumbai

Annual salary range
1 - 8 years exp.
₹1.1 Lakh - ₹3.6 Lakhs
Salary of majority employees
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9% less than the average Back Office Executive Salary in Insurance Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Back Office Executive Salary
1 - 8 years exp. (9 salaries)
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₹1.1 L/yr - ₹3.2 L/yr

Customer Success, Service & Operations
Back Office Executive Salary
1 - 4 years exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.5 L/yr

Data Science & Analytics
Back Office Executive Salary
3 - 5 years exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.5 L/yr

Last Updated: 6 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Back Office Executive in Mumbai

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Kotak Mahindara Life Insurance Back Office Executive Salary

1 - 8 years exp. (22 salaries)

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₹1.1 L/yr - ₹3.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹1 L/yr - ₹2.7 L/yr

arrow icon 3% less
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HDFC Life Back Office Executive Salary

1 - 5 years exp. (10 salaries)

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₹1.5 L/yr - ₹3.1 L/yr

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₹2 L/yr - ₹5 L/yr

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₹1.2 L/yr - ₹4 L/yr

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₹1.1 L/yr - ₹5.2 L/yr

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PNB MetLife Back Office Executive Salary

1 - 6 years exp. (5 salaries)

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₹2.1 L/yr - ₹3.5 L/yr

arrow icon 16% more
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₹1 L/yr - ₹3 L/yr

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₹1.9 L/yr - ₹3.2 L/yr

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2 job openings
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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 21% more
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₹2 L/yr - ₹3.2 L/yr

arrow icon 26% more
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₹2 L/yr - ₹2.5 L/yr

arrow icon 6% more
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₹2.3 L/yr - ₹2.5 L/yr

arrow icon 9% more
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₹1.5 L/yr - ₹2.2 L/yr

arrow icon 9% less
Back Office Executive salary at Kotak Mahindara Life Insurance ranges between ₹1.1 Lakh to ₹3.6 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 22 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Back Office Executive in Mumbai

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Experience wise Kotak Mahindara Life Insurance Back Office Executive salaries in Mumbai

Last Updated: 6 Dec 2024

Experience Avg Annual Salary
1 year  (6 salaries)

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₹1.1 L/yr - ₹3.2 L/yr
2 years  (4 salaries)

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₹1.1 L/yr - ₹2.3 L/yr
3 years  (3 salaries)

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₹1.1 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)

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₹1.5 L/yr - ₹2.2 L/yr
5 years  (4 salaries)

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₹2 L/yr - ₹2.5 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

MIS Executive Salary
(29 salaries)
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₹1.45 L/yr - ₹5 L/yr
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₹1.2 L/yr - ₹2.2 L/yr
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₹2.45 L/yr - ₹4.5 L/yr
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₹1.45 L/yr - ₹3.47 L/yr
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₹1.47 L/yr - ₹2.3 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.7

Rated by 2 employees for salary & benefits

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 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..

read more

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

read more
  • Salary - Poor
  • +5 more

BFSI, Investments & Trading Department

4.0
  •  posted on 16 Jun 2020

2.0
 for  Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

read more
  • Skill development - Good
  • +1 more

Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

read more
  • Salary - Poor
  • +1 more

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
see more salary related reviews

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Kotak Mahindara Life Insurance Back Office Executive Salary FAQs

What is the salary of Back Office Executive at Kotak Mahindara Life Insurance Mumbai?
Back Office Executive salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹1.1 Lakhs to ₹3.6 Lakhs for experience between 1 years to 8 years. According to our estimates it is 9% less than the average Back Office Executive Salary in India. Salary estimates are based on 22 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.
How does the salary of a Back Office Executive at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Back Office Executive at Kotak Mahindara Life Insurance is 9% less than the average salary of a Back Office Executive in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Back Office Executive in Mumbai?
  • Tata AIA Life Insurance Back Office Executive Salary - ₹1.1 Lakhs to ₹5.2 Lakhs per year
  • Reliance Nippon Life Insurance Back Office Executive Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Back Office Executive Salary - ₹1.2 Lakhs to ₹4.0 Lakhs per year
  • SBI General Insurance Back Office Executive Salary - ₹2.0 Lakhs to ₹3.2 Lakhs per year
  • HDFC Ergo General Insurance Back Office Executive Salary - ₹1.5 Lakhs to ₹4.5 Lakhs per year
What is the salary of a Back Office Executive in companies similar to Kotak Mahindara Life Insurance in Mumbai?
  • PNB MetLife Back Office Executive Salary - ₹2.1 Lakhs to ₹3.5 Lakhs per year
  • HDFC Life Back Office Executive Salary - ₹1.5 Lakhs to ₹3.1 Lakhs per year
  • ICICI Lombard General Insurance Company Back Office Executive Salary - ₹1.9 Lakhs to ₹3.2 Lakhs per year
  • Shriram Life Insurance Back Office Executive Salary - ₹2.3 Lakhs to ₹2.5 Lakhs per year
  • Star Health & Allied Insurance Back Office Executive Salary - ₹2.0 Lakhs to ₹2.5 Lakhs per year
What is the estimated take home salary of a Back Office Executive at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Back Office Executive at Kotak Mahindara Life Insurance ranges between ₹14,868 per month to ₹16,424 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Back Office Executive salary in India which ranges between ₹1.1 Lakhs to ₹3.6 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Back Office Executive at Kotak Mahindara Life Insurance in Mumbai?
According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Back Office Executives in Mumbai reported a notice period of 1 Month, 20% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Back Office Executive salary in Mumbai ranges between ₹1.1 Lakh to ₹3.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 22 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.