Kotak Mahindara Life Insurance Bancassurance Officer Salaries by 4 Employees (Updated 2025)

1 - 7 years exp.

₹2.7 Lakhs - ₹4.5 Lakhs

Low Confidence

Salary of majority employees

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28% more than the average Bancassurance Officer Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Bancassurance Officer Salary 2 years exp. (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹3 L/yr
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Customer Success, Service & Operations Bancassurance Officer Salary 7 years exp. (AmbitionBox Estimate)	Unlock ₹3.4 L/yr - ₹4.2 L/yr

Last Updated: 6 Sep 2023

Companies similar to Kotak Mahindara Life Insurance for Bancassurance Officer

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (19 salaries)	Unlock ₹1.5 L/yr - ₹4.5 L/yr 23% less
HDFC Life Bancassurance Officer Salary 0 - 5 years exp. (65 salaries)	Unlock ₹1.5 L/yr - ₹4.5 L/yr 21% less
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SBI Life Insurance Company Bancassurance Officer Salary 1 - 7 years exp. (5 salaries)	Unlock ₹2.6 L/yr - ₹4 L/yr 7% less
Axis Max Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (21 salaries)	Unlock ₹2.1 L/yr - ₹4 L/yr 25% less
Bajaj Allianz Life Insurance Bancassurance Officer Salary 1 - 5 years exp. (10 salaries)	Unlock ₹2.3 L/yr - ₹3.3 L/yr 24% less
Aditya Birla Sun Life Insurance Bancassurance Officer Salary 0 - 5 years exp. (13 salaries)	Unlock ₹2.3 L/yr - ₹4 L/yr 13% less
Tata AIA Life Insurance Bancassurance Officer Salary 0 - 5 years exp. (70 salaries)	Unlock ₹2.1 L/yr - ₹3.5 L/yr 23% less
PNB MetLife Bancassurance Officer Salary 0 - 5 years exp. (6 salaries)	Unlock ₹3 L/yr - ₹4.3 L/yr 13% less
Life Insurance Corporation of India Bancassurance Officer Salary 2 - 11 years exp. (4 salaries)	Unlock ₹2.2 L/yr - ₹3 L/yr 31% less
HDFC Ergo General Insurance Bancassurance Officer Salary 3 - 5 years exp. (11 salaries)	Unlock ₹2.6 L/yr - ₹4.3 L/yr 9% less
ICICI Lombard General Insurance Company Bancassurance Officer Salary 1 - 6 years exp. (6 salaries)	Unlock ₹3 L/yr - ₹3.6 L/yr 9% less
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Shriram Life Insurance Bancassurance Officer Salary 3 - 5 years exp. (3 salaries)	Unlock ₹1.8 L/yr - ₹2.3 L/yr 45% less
SBI General Insurance Bancassurance Officer Salary 2 - 3 years exp. (3 salaries)	Unlock ₹2 L/yr - ₹3.8 L/yr 31% less

Bancassurance Officer salary at Kotak Mahindara Life Insurance ranges between ₹2.7 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Bancassurance Officer salaries

Last Updated: 6 Sep 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	Unlock ₹3.2 L/yr - ₹4 L/yr
2 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹3.1 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	Unlock ₹4.1 L/yr - ₹5.2 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹3.4 L/yr - ₹4.4 L/yr

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Salary related reviews for Kotak Mahindara Life Insurance

Sales Manager in Mumbai

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."

Salary - Bad

+2 more

Deputy Manager in Mumbai

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

Skill development - Poor

+4 more

Relationship Manager in Kolkata

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..

Dislikes

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

Salary - Bad

+6 more

Deputy Manager in Thane

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

Salary - Poor

+5 more

Deputy Manager in Mumbai

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.

Skill development - Good

+1 more

Dislikes

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

Salary - Poor

+1 more

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Kotak Mahindara Life Insurance Bancassurance Officer Salary FAQs

What is the salary of Bancassurance Officer at Kotak Mahindara Life Insurance?

Bancassurance Officer salary at Kotak Mahindara Life Insurance in India ranges between ₹2.7 Lakhs to ₹4.5 Lakhs for experience between 1 years to 7 years. According to our estimates it is 28% more than the average Bancassurance Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Bancassurance Officer at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Bancassurance Officer at Kotak Mahindara Life Insurance is 28% more than the average salary of a Bancassurance Officer in India. To know exact salary insights, login to view.

What is the salary of a Bancassurance Officer in companies similar to Kotak Mahindara Life Insurance in India?

SBI Life Insurance Company Bancassurance Officer Salary - ₹2.6 Lakhs to ₹4.0 Lakhs per year
HDFC Ergo General Insurance Bancassurance Officer Salary - ₹2.6 Lakhs to ₹4.3 Lakhs per year
ICICI Lombard General Insurance Company Bancassurance Officer Salary - ₹3.0 Lakhs to ₹3.6 Lakhs per year
Aditya Birla Sun Life Insurance Bancassurance Officer Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
PNB MetLife Bancassurance Officer Salary - ₹3.0 Lakhs to ₹4.3 Lakhs per year

What is the estimated take home salary of a Bancassurance Officer at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Bancassurance Officer at Kotak Mahindara Life Insurance ranges between ₹26,559 per month to ₹27,974 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Bancassurance Officer salary in India which ranges between ₹2.7 Lakhs to ₹4.5 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Bancassurance Officer at Kotak Mahindara Life Insurance?

According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Bancassurance Officers reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Bancassurance Officer Salaries

Kotak Mahindara Life Insurance Bancassurance Officer salary in India ranges between ₹2.7 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.