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Kotak Mahindara Life Insurance Bancassurance Manager salaries in Kolkata

Annual salary range
6 - 8 years exp.
₹4.2 Lakhs - ₹4.7 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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22% less than the average Bancassurance Manager Salary in Insurance Companies for 6 - 8 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Customer Success, Service & Operations
Bancassurance Manager Salary
6 - 8 years exp. (3 salaries)
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₹4.2 L/yr - ₹4.5 L/yr

Sales & Business Development
Bancassurance Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹4.7 L/yr

Last Updated: 8 Mar 2024

Companies similar to Kotak Mahindara Life Insurance for Bancassurance Manager in Kolkata

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Kotak Mahindara Life Insurance Bancassurance Manager Salary

6 - 8 years exp. (4 salaries)

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₹4.2 L/yr - ₹4.7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Bancassurance Manager Salary

2 - 12 years exp. (85 salaries)

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₹3.5 L/yr - ₹6.7 L/yr

arrow icon 28% more
4 job openings
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₹2.7 L/yr - ₹3.8 L/yr

arrow icon 28% less
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₹2.8 L/yr - ₹7 L/yr

arrow icon 4% more
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₹4 L/yr - ₹4.3 L/yr

arrow icon 6% less
Bancassurance Manager salary at Kotak Mahindara Life Insurance ranges between ₹4.2 Lakhs to ₹4.7 Lakhs per year for employees with experience between 6 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Bancassurance Manager in Kolkata

1y ago
₹4.5 Lakhs
8 years exp.
1y ago
₹4.7 Lakhs
6 years exp.
1y ago
₹4.5 Lakhs
7 years exp.

Experience wise Kotak Mahindara Life Insurance Bancassurance Manager salaries in Kolkata

Last Updated: 8 Mar 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr
8 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Sales Manager Salary
(45 salaries)
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₹2.4 L/yr - ₹5 L/yr
Deputy Manager Salary
(42 salaries)
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₹2.3 L/yr - ₹4.79 L/yr
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₹2.2 L/yr - ₹3.2 L/yr
Area Manager Salary
(4 salaries)
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₹16.5 L/yr - ₹26 L/yr

Top skills at Kotak Mahindara Life Insurance for Bancassurance Manager

Life Insurance banca sales Relationship Management Bancassurance Agency Sales Insurance Sales banca Corporate Sales Direct Sales Cross Sales Business Development Agency Management Cross Selling agency development direct marketing

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 1 employees for salary & benefits

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

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
see more salary related reviews

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Kotak Mahindara Life Insurance Bancassurance Manager Salary FAQs

What is the salary of Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata?
The average salary of a Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata typically ranges from ₹4.2 Lakhs to ₹4.7 Lakhs per year, depending on experience (from 6 years to 8 years).

The top 10% of Bancassurance Manager in Kolkata at Kotak Mahindara Life Insurance earn more than ₹4.7 Lakhs per year, and the top 1% earn over ₹4.7 Lakhs per year. Bancassurance Manager 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 Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata?
The estimated take-home salary of a Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata typically ranges from ₹31,978 to ₹33,263 per month. This is based on the average salary range of ₹4.2 Lakhs to ₹4.7 Lakhs per year for employees with experience ranging from 6 years to 8 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.
What are the key skills required to be a Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata?
To be a Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata, the key skills required include:

  • - Life Insurance
  • - banca sales
  • - Relationship Management
  • - Bancassurance
  • - Agency Sales

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Bancassurance Manager in India?
HDFC Life ₹3.5 Lakhs to ₹6.7 Lakhs per year
Axis Max Life Insurance ₹2.8 Lakhs to ₹7.0 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 Bancassurance Manager in companies similar to Kotak Mahindara Life Insurance in Kolkata?
The salary of a Bancassurance Manager at companies similar to Kotak Mahindara Life Insurance in Kolkata varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Niva Bupa Health Insurance Company ₹4.0 Lakhs to ₹4.3 Lakhs per year
Bajaj Allianz Life Insurance ₹2.7 Lakhs to ₹3.8 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 Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata?
The salary growth for a Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata depends on factors such as experience, performance, and promotions. On average, a Bancassurance Manager in Kolkata can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
6 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
7 years ₹4.0 Lakhs to ₹5.1 Lakhs per year
8 years ₹4.1 Lakhs to ₹5.2 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Bancassurance Manager salary in Kolkata ranges between ₹4.2 Lakhs to ₹4.7 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.