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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Bancassurance Manager salaries in Kolkata

Annual salary range
1 - 8 years exp.
₹3.8 Lakhs - ₹4.7 Lakhs
Salary of majority employees
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24% less than the average Bancassurance Manager Salary in Insurance Companies for 1 - 8 years of experience

Interested in this particular role? 7 job openings

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 - ₹5.1 L/yr

BFSI, Investments & Trading
Bancassurance Manager Salary
1 year exp. (AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.5 L/yr

Sales & Business Development
Bancassurance Manager Salary
6 years exp. (AmbitionBox Estimate)
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₹3.7 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

1 - 8 years exp. (5 salaries)

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₹3.8 L/yr - ₹4.7 L/yr

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

2 - 13 years exp. (80 salaries)

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₹3.5 L/yr - ₹6.5 L/yr

arrow icon 32% more
3 job openings
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₹2.8 L/yr - ₹7 L/yr

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

arrow icon 14% less
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₹3.9 L/yr - ₹7 L/yr

arrow icon 30% more
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₹3.1 L/yr - ₹4.3 L/yr

arrow icon 17% less
Bancassurance Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.8 Lakhs to ₹4.7 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

9mo ago
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8 years exp.
11mo ago
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6 years exp.
1y ago
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7 years exp.
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1 year exp.
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6 years exp.

Experience wise Kotak Mahindara Life Insurance Bancassurance Manager salaries in Kolkata

Last Updated: 8 Mar 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹3.8 L/yr - ₹7 L/yr
2 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹4.7 L/yr
5 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(42 salaries)
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₹2.3 L/yr - ₹4.79 L/yr
Sales Manager Salary
(41 salaries)
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₹2.4 L/yr - ₹6.28 L/yr
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₹2.2 L/yr - ₹3.2 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

1.0

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.

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

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..

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Dislikes

I like nothing about them.. I m with my word..

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

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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.

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Dislikes

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

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Insurance Department

4.0
  •  posted on 11 Apr 2021

4.0
 for  Salary and Benefits

Likes

Skill development learning,work life balance,compensation and benefits,company culture is good,career growth is there,employee behaviour is good,fast growth in business along with career goal setting,promotion achievement etc

read more

Dislikes

Too much work pressure while doing job, target setting along with achievement is very much important,job security depends upon the performane of it,lots of politics occurs in the management .

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Kotak Mahindara Life Insurance Bancassurance Manager Salary FAQs

What is the salary of Bancassurance Manager at Kotak Mahindara Life Insurance Kolkata?
Bancassurance Manager salary at Kotak Mahindara Life Insurance in Kolkata ranges between ₹3.8 Lakhs to ₹4.7 Lakhs for experience between 1 years to 8 years. According to our estimates it is 24% less than the average Bancassurance Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance Kolkata.
How does the salary of a Bancassurance Manager at Kotak Mahindara Life Insurance Kolkata compare with the average salary range for this job?
The average salary of a Bancassurance Manager at Kotak Mahindara Life Insurance is 24% less than the average salary of a Bancassurance Manager in Kolkata. To know exact salary insights, login to view.
What are the top skills required to work as a Bancassurance Manager at Kotak Mahindara Life Insurance?
Life Insurance, banca sales, Relationship Management, Bancassurance and Agency Sales are some of the popular skills required to work as a Bancassurance Manager at Kotak Mahindara Life Insurance Kolkata.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Bancassurance Manager in Kolkata?
  • HDFC Life Bancassurance Manager Salary - ₹3.5 Lakhs to ₹6.5 Lakhs per year
  • Tata AIA Life Insurance Bancassurance Manager Salary - ₹3.9 Lakhs to ₹7.0 Lakhs per year
  • Max Life Insurance Bancassurance Manager Salary - ₹2.8 Lakhs to ₹7.0 Lakhs per year
What is the salary of a Bancassurance Manager in companies similar to Kotak Mahindara Life Insurance in Kolkata?
  • Bajaj Allianz Life Insurance Bancassurance Manager Salary - ₹2.7 Lakhs to ₹3.8 Lakhs per year
  • Niva Bupa Health Insurance Company Bancassurance Manager Salary - ₹3.1 Lakhs to ₹4.3 Lakhs per year
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 ranges between ₹30,849 per month to ₹32,150 per month in Kolkata. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Bancassurance Manager salary in India which ranges between ₹3.8 Lakhs to ₹4.7 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 Bancassurance Manager at Kotak Mahindara Life Insurance in Kolkata?
According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Bancassurance Managers in Kolkata reported a notice period of 2 Months, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Bancassurance Manager salary in Kolkata ranges between ₹3.8 Lakhs to ₹4.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.