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Kotak Mahindara Life Insurance Back Office Executive salaries in Mumbai Suburban

Annual salary range
1 - 2 years exp.
₹1.3 Lakh - ₹2.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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13% less than the average Back Office Executive Salary in Insurance Companies for 1 - 2 years of experience

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Salaries in different departments

Finance & Accounting
Back Office Executive Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.6 L/yr

BFSI, Investments & Trading
Back Office Executive Salary
1 year exp. (AmbitionBox Estimate)
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₹1.6 L/yr - ₹2.7 L/yr

Last Updated: 14 Mar 2023

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

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Kotak Mahindara Life Insurance Back Office Executive Salary

1 - 2 years exp. (4 salaries)

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₹1.3 L/yr - ₹2.5 L/yr

vs
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₹1 L/yr - ₹2.5 L/yr

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Powerweave Back Office Executive Salary

1 - 8 years exp. (12 salaries)

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₹2 L/yr - ₹3.2 L/yr

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₹1.5 L/yr - ₹2.7 L/yr

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IndusInd Bank Back Office Executive Salary

0 - 3 years exp. (6 salaries)

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₹1.4 L/yr - ₹2.6 L/yr

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₹1.3 L/yr - ₹2 L/yr

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Back Office Executive salary at Kotak Mahindara Life Insurance ranges between ₹1.3 Lakh to ₹2.5 Lakhs per year for employees with experience between 1 year to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

Last Updated: 14 Mar 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.7 L/yr - ₹2.1 L/yr
2 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹2.2 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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
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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 in Mumbai Suburban?
The average salary of a Back Office Executive at Kotak Mahindara Life Insurance in Mumbai Suburban typically ranges from ₹1.3 Lakhs to ₹2.5 Lakhs per year, depending on experience (from 1 year to 2 years).

The top 10% of Back Office Executive in Mumbai Suburban at Kotak Mahindara Life Insurance earn more than ₹2.1 Lakhs per year, and the top 1% earn over ₹2.1 Lakhs per year. Back Office Executive 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 4 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Back Office Executive at Kotak Mahindara Life Insurance in Mumbai Suburban?
The estimated take-home salary of a Back Office Executive at Kotak Mahindara Life Insurance in Mumbai Suburban typically ranges from ₹14,666 to ₹16,205 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from 1 year to 2 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 4 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 Back Office Executive in India?
Powerweave ₹2.0 Lakhs to ₹3.2 Lakhs per year
Kotak Mahindra Bank ₹1.5 Lakhs to ₹2.7 Lakhs per year
ICICI Prudential Life Insurance ₹1.0 Lakhs to ₹2.5 Lakhs per year
IndusInd Bank ₹1.4 Lakhs to ₹2.6 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 Back Office Executive in companies similar to Kotak Mahindara Life Insurance in Mumbai Suburban?
The salary of a Back Office Executive at companies similar to Kotak Mahindara Life Insurance in Mumbai Suburban varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Prodata Management Services ₹1.3 Lakhs to ₹2.0 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 Back Office Executive at Kotak Mahindara Life Insurance in Mumbai Suburban?
The salary growth for a Back Office Executive at Kotak Mahindara Life Insurance in Mumbai Suburban depends on factors such as experience, performance, and promotions. On average, a Back Office Executive in Mumbai Suburban can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
1 year ₹1.7 Lakhs to ₹2.1 Lakhs per year
2 years ₹1.7 Lakhs to ₹2.2 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Back Office Executive salary in Mumbai Suburban ranges between ₹1.3 Lakh to ₹2.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.