Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Kotak Mahindara Life Insurance Team. If you also belong to the team, you can get access from here
3.8

based on 2.7k Reviews

filter salariesFilter salaries by

Kotak Mahindara Life Insurance Banker salaries in India

Annual salary range
4 - 14 years exp.
₹3.1 Lakhs - ₹5 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
unlock blur
unlock blur

14% less than the average Banker Salary in Insurance Companies for 4 - 14 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Banker Salary
8 years exp. (AmbitionBox Estimate)
unlock-blur

₹3.4 L/yr - ₹4.2 L/yr

Customer Success, Service & Operations
Banker Salary
4 years exp. (AmbitionBox Estimate)
unlock-blur

₹2.8 L/yr - ₹3.4 L/yr

Last Updated: 31 Jul 2024

Companies similar to Kotak Mahindara Life Insurance for Banker

Company name Avg Annual Salary Open Jobs
Logo
unlock blur

₹2 L/yr - ₹4.8 L/yr

arrow icon 11% less
Logo
HDFC Life Banker Salary

2 - 5 years exp. (6 salaries)

unlock blur

₹3 L/yr - ₹4 L/yr

arrow icon 4% less
Logo
SBI Life Insurance Company Banker Salary

1 - 6 years exp. (4 salaries)

unlock blur

₹1 L/yr - ₹5 L/yr

arrow icon 26% less
Logo
Bajaj Allianz Life Insurance Banker Salary

3 - 7 years exp. (4 salaries)

unlock blur

₹3 L/yr - ₹4.1 L/yr

arrow icon 16% less
Logo
PNB MetLife Banker Salary

3 - 7 years exp. (3 salaries)

unlock blur

₹3 L/yr - ₹3.3 L/yr

arrow icon 19% less
Logo
SBI General Insurance Banker Salary

1 - 3 years exp. (3 salaries)

unlock blur

₹1 L/yr - ₹5 L/yr

arrow icon 12% less
Banker salary at Kotak Mahindara Life Insurance ranges between ₹3.1 Lakhs to ₹5 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Banker

5mo ago
avg blur mobile
8 years exp.
6mo ago
avg blur mobile
14 years exp.
1y ago
avg blur mobile
4 years exp.

Experience wise Kotak Mahindara Life Insurance Banker salaries

Last Updated: 31 Jul 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

unlock blur

₹2.8 L/yr - ₹3.5 L/yr
8 years (AmbitionBox Estimate)

unlock blur

₹3.4 L/yr - ₹4.4 L/yr
14 years (AmbitionBox Estimate)

unlock blur

₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Analyst Salary
(4 salaries)
unlock blur
₹2.6 L/yr - ₹15.8 L/yr
Team Lead Salary
(42 salaries)
unlock blur
₹1.2 L/yr - ₹6.23 L/yr
Store Manager Salary
(AmbitionBox Estimate)
unlock blur
₹25.7 L/yr - ₹32.8 L/yr
Branch Manager Salary
(199 salaries)
unlock blur
₹5 L/yr - ₹13 L/yr
Sales Manager Salary
(529 salaries)
unlock blur
₹1.65 L/yr - ₹5.75 L/yr
Deputy Manager Salary
(861 salaries)
unlock blur
₹2 L/yr - ₹5.69 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
unlock blur
₹4.9 L/yr - ₹6.2 L/yr
unlock blur
₹3.85 L/yr - ₹5.17 L/yr
Sales Executive Salary
(34 salaries)
unlock blur
₹1.05 L/yr - ₹5 L/yr
unlock blur
₹2.65 L/yr - ₹8.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

 · 

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

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..

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

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

Dislikes

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

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Kotak Mahindara Life Insurance Banker Salary FAQs

What is the notice period for Banker at Kotak Mahindara Life Insurance?
According to AmbitionBox, 33% of the Kotak Mahindara Life Insurance Bankers reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Banker salary in India ranges between ₹3.1 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.