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Kotak Mahindara Life Insurance Branch Head salaries in India

Annual salary range
6 - 22 years exp.
₹8.5 Lakhs - ₹14 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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At par with the average Branch Head Salary in Insurance Companies for 6 - 22 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Head Salary
6 - 22 years exp. (6 salaries)
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₹8.5 L/yr - ₹14 L/yr

Sales & Business Development
Branch Head Salary
16 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹11 L/yr

Last Updated: 30 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Branch Head

Company name Avg Annual Salary Open Jobs
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HDFC Life Branch Head Salary

5 - 18 years exp. (166 salaries)

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₹5.5 L/yr - ₹12 L/yr

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₹8 L/yr - ₹17 L/yr

arrow icon 23% more
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₹5.6 L/yr - ₹15.5 L/yr

arrow icon 6% more
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Tata AIA Life Insurance Branch Head Salary

9 - 23 years exp. (32 salaries)

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₹8.3 L/yr - ₹15.5 L/yr

arrow icon 15% more
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Bajaj Allianz Life Insurance Branch Head Salary

8 - 17 years exp. (32 salaries)

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₹6 L/yr - ₹13 L/yr

arrow icon 15% less
1 job opening
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₹6 L/yr - ₹12 L/yr

arrow icon 18% less
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SBI Life Insurance Company Branch Head Salary

10 - 20 years exp. (26 salaries)

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₹6 L/yr - ₹15 L/yr

arrow icon 2% less
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Axis Max Life Insurance Branch Head Salary

11 - 20 years exp. (21 salaries)

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₹9 L/yr - ₹17 L/yr

arrow icon 20% more
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Shriram Life Insurance Branch Head Salary

7 - 13 years exp. (17 salaries)

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₹4.5 L/yr - ₹7.7 L/yr

arrow icon 43% less
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₹6.5 L/yr - ₹11.2 L/yr

arrow icon 27% less
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₹8 L/yr - ₹9 L/yr

arrow icon 20% less
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HDFC Ergo General Insurance Branch Head Salary

10 - 16 years exp. (8 salaries)

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₹6.3 L/yr - ₹11.8 L/yr

arrow icon 7% less
Branch Head salary at Kotak Mahindara Life Insurance ranges between ₹8.5 Lakhs to ₹14 Lakhs per year for employees with experience between 6 years to 22 years. Salary estimates are based on 10 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Branch Head

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7 years exp.
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20 years exp.
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16 years exp.
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6 years exp.
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12 years exp.

Experience wise Kotak Mahindara Life Insurance Branch Head salaries

Last Updated: 30 Dec 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹17.3 L/yr
7 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹17.5 L/yr
8 years (AmbitionBox Estimate)

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₹8.9 L/yr - ₹11.3 L/yr
9 years (AmbitionBox Estimate)

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₹4 L/yr - ₹10 L/yr
10 years (AmbitionBox Estimate)

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₹9.1 L/yr - ₹11.6 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Area Head Salary
(AmbitionBox Estimate)
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₹9.8 L/yr - ₹12.5 L/yr
Branch Manager Salary
(202 salaries)
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₹5 L/yr - ₹13 L/yr
Branch Incharge Salary
(AmbitionBox Estimate)
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₹9.4 L/yr - ₹12 L/yr
Cluster Head Salary
(9 salaries)
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₹5.2 L/yr - ₹21.75 L/yr
Accountant Salary
(4 salaries)
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₹1.44 L/yr - ₹5.15 L/yr
Area Manager Salary
(30 salaries)
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₹4.7 L/yr - ₹17.5 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
Sales Manager Salary
(563 salaries)
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₹2 L/yr - ₹6.22 L/yr
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₹3 L/yr - ₹7 L/yr
Sales Officer Salary
(8 salaries)
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₹1.5 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.9

Rated by 2 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

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more
  • Job security - Excellent
  • +2 more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

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  • Salary - Poor
  • +1 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

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  • Skill development - Poor
  • +4 more

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 04 Apr 2024

3.0
 for  Salary and Benefits

Likes

Work life balance is okay. Good place to work in. Maximum professionally qualified employees.

  • Job security - Good
  • +1 more

Dislikes

No Employee benefits. Salary lower than industry standards. No comp off. Politics (common in every organisation) No work from home.

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Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 27 Jul 2023

5.0
 for  Salary and Benefits

Likes

HR support is very good.. Salary amd Incentive payout

  • Salary - Excellent
  • +2 more

Dislikes

Kotak is big brand to work but few of the Senior Managers made the work culture worst just for their benefits... They doesn't have feelings about the pain of employees.

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  • Work satisfaction - Bad
  • +1 more
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Kotak Mahindara Life Insurance Branch Head Salary FAQs

What is the salary of Branch Head at Kotak Mahindara Life Insurance ?
The average salary of a Branch Head at Kotak Mahindara Life Insurance in India typically ranges from ₹8.5 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 6 years to 22 years).

The top 10% of Branch Head at Kotak Mahindara Life Insurance earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Branch Head 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 10 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Branch Head at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Branch Head at Kotak Mahindara Life Insurance in India typically ranges from ₹75,657 to ₹77,616 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 6 years to 22 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 10 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 Branch Head in India?
Aditya Birla Sun Life Insurance ₹8.0 Lakhs to ₹17.0 Lakhs per year
Axis Max Life Insurance ₹9.0 Lakhs to ₹17.0 Lakhs per year
Tata AIA Life Insurance ₹8.3 Lakhs to ₹15.5 Lakhs per year
ICICI Prudential Life Insurance ₹5.6 Lakhs to ₹15.5 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 Branch Head in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Branch Head at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI Life Insurance Company ₹6.0 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance ₹6.3 Lakhs to ₹11.8 Lakhs per year
HDFC Life ₹5.5 Lakhs to ₹12.0 Lakhs per year
Bajaj Allianz Life Insurance ₹6.0 Lakhs to ₹13.0 Lakhs per year
Reliance Nippon Life Insurance ₹6.0 Lakhs to ₹12.0 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 Branch Head at Kotak Mahindara Life Insurance in India?
The salary growth for a Branch Head at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Branch Head can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
6 years ₹8.5 Lakhs to ₹17.3 Lakhs per year
7 years ₹8.5 Lakhs to ₹17.5 Lakhs per year
8 years ₹8.9 Lakhs to ₹11.3 Lakhs per year
9 years ₹4.0 Lakhs to ₹10.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Branch Head salary in India ranges between ₹8.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.