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Kotak Mahindara Life Insurance Branch Manager salaries in India (Updated 2025)

Annual salary range
3 - 18 years exp.
₹4.5 Lakhs - ₹13.5 Lakhs
Salary of majority employees
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At par with the average Branch Manager Salary in Insurance Companies for 3 - 18 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading
Branch Manager Salary
3 - 18 years exp. (80 salaries)
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₹5.3 L/yr - ₹12.3 L/yr

Sales & Business Development
Branch Manager Salary
5 - 18 years exp. (77 salaries)
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₹5.5 L/yr - ₹13.5 L/yr

Marketing & Communication
Branch Manager Salary
3 - 18 years exp. (14 salaries)
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₹6 L/yr - ₹9.5 L/yr

Last Updated: 2 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Branch Manager

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

6 - 18 years exp. (270 salaries)

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₹5.3 L/yr - ₹12.5 L/yr

arrow icon 5% more
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₹6.3 L/yr - ₹18.8 L/yr

arrow icon 35% more
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SBI Life Insurance Company Branch Manager Salary

7 - 24 years exp. (167 salaries)

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₹6.5 L/yr - ₹15.7 L/yr

arrow icon 17% more
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Axis Max Life Insurance Branch Manager Salary

8 - 19 years exp. (139 salaries)

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₹7 L/yr - ₹14 L/yr

arrow icon 14% more
3 job openings
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₹4.5 L/yr - ₹13.5 L/yr

arrow icon 4% less
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Tata AIA Life Insurance Branch Manager Salary

9 - 20 years exp. (158 salaries)

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₹5 L/yr - ₹16.2 L/yr

arrow icon 34% more
18 job openings
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₹3.8 L/yr - ₹11.5 L/yr

arrow icon 17% less
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₹4.5 L/yr - ₹11.3 L/yr

arrow icon 4% less
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₹15.3 L/yr - ₹28 L/yr

arrow icon 88% more
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₹4.5 L/yr - ₹13 L/yr

arrow icon 1% less
3 job openings
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₹4.7 L/yr - ₹14.5 L/yr

At par
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₹4 L/yr - ₹11.7 L/yr

arrow icon 14% less
1 job opening
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Shriram Life Insurance Branch Manager Salary

5 - 16 years exp. (86 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 36% less
2 job openings
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PNB MetLife Branch Manager Salary

8 - 20 years exp. (47 salaries)

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₹6.6 L/yr - ₹12.8 L/yr

arrow icon 7% more
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₹10 L/yr - ₹18.5 L/yr

arrow icon 75% more
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SBI General Insurance Branch Manager Salary

7 - 12 years exp. (7 salaries)

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₹6.5 L/yr - ₹10.5 L/yr

arrow icon 13% less
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₹9 L/yr - ₹20 L/yr

arrow icon 73% more
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₹6.5 L/yr - ₹8.3 L/yr

arrow icon 20% less
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₹11.2 L/yr - ₹12.9 L/yr

arrow icon 43% more

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Branch Manager salary at Kotak Mahindara Life Insurance ranges between ₹4.5 Lakhs to ₹13.5 Lakhs per year for employees with experience between 3 years to 18 years. Salary estimates are based on 201 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Branch Manager

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9 years exp.
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Experience wise Kotak Mahindara Life Insurance Branch Manager salaries

Last Updated: 2 Mar 2025

Experience Avg Annual Salary
3 years  (3 salaries)

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₹7.2 L/yr - ₹8.5 L/yr
4 years  (7 salaries)

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₹4.5 L/yr - ₹9 L/yr
5 years  (13 salaries)

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₹5.3 L/yr - ₹9.5 L/yr
6 years  (12 salaries)

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₹6 L/yr - ₹10 L/yr
7 years  (12 salaries)

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₹5.8 L/yr - ₹8.8 L/yr
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Similar Designation salaries in Kotak Mahindara Life Insurance

Area Manager Salary
(26 salaries)
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₹5.7 L/yr - ₹17.9 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
Sales Manager Salary
(543 salaries)
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₹2 L/yr - ₹5.75 L/yr
Branch Incharge Salary
(AmbitionBox Estimate)
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₹9.4 L/yr - ₹12 L/yr
Branch Head Salary
(10 salaries)
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₹8.5 L/yr - ₹14 L/yr
Deputy Manager Salary
(732 salaries)
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₹2.25 L/yr - ₹5.69 L/yr
Chief Manager Salary
(449 salaries)
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₹5.05 L/yr - ₹18.5 L/yr
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₹3 L/yr - ₹7 L/yr
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₹9.1 L/yr - ₹14.25 L/yr
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₹3.2 L/yr - ₹4.5 L/yr

Top skills at Kotak Mahindara Life Insurance for Branch Manager

Life Insurance Team Handling Branch Management Sales Tied Channel Communication Skills Leadership Skills Agency Channel Insurance Agency Sales Team Development Health Insurance Team Management Sales Management Team Leading

Salary related reviews for Kotak Mahindara Life Insurance

3.7

Rated by 54 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

read more
  • 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

read more
  • 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
see more salary related reviews

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Kotak Mahindara Life Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Kotak Mahindara Life Insurance?
Branch Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹4.5 Lakhs to ₹13.5 Lakhs for experience between 3 years to 18 years. According to our estimates it is 2% less than the average Branch Manager Salary in India. Salary estimates are based on 201 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Branch Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Branch Manager at Kotak Mahindara Life Insurance is 2% less than the average salary of a Branch Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Branch Manager at Kotak Mahindara Life Insurance?
Life Insurance, Team Handling, Branch Management, Sales and Tied Channel are some of the popular skills required to work as a Branch Manager at Kotak Mahindara Life Insurance India.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Branch Manager in India?
  • Life Insurance Corporation of India Branch Manager Salary - ₹15.3 Lakhs to ₹28.0 Lakhs per year
  • The New India Assurance Co. Branch Manager Salary - ₹10.0 Lakhs to ₹18.5 Lakhs per year
  • United India Insurance Company Branch Manager Salary - ₹9.0 Lakhs to ₹20.0 Lakhs per year
  • The Oriental Insurance Co. Branch Manager Salary - ₹11.2 Lakhs to ₹12.9 Lakhs per year
  • ICICI Prudential Life Insurance Branch Manager Salary - ₹6.3 Lakhs to ₹18.8 Lakhs per year
What is the salary of a Branch Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • Tata AIA Life Insurance Branch Manager Salary - ₹5.0 Lakhs to ₹16.2 Lakhs per year
  • SBI Life Insurance Company Branch Manager Salary - ₹6.5 Lakhs to ₹15.7 Lakhs per year
  • Axis Max Life Insurance Branch Manager Salary - ₹7.0 Lakhs to ₹14.0 Lakhs per year
  • PNB MetLife Branch Manager Salary - ₹6.6 Lakhs to ₹12.8 Lakhs per year
  • HDFC Life Branch Manager Salary - ₹5.3 Lakhs to ₹12.5 Lakhs per year
What is the estimated take home salary of a Branch Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Branch Manager at Kotak Mahindara Life Insurance ranges between ₹65,730 per month to ₹67,409 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Branch Manager salary in India which ranges between ₹4.5 Lakhs to ₹13.5 Lakhs per year for employees with experience between 3 years to 18 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 56% of the Kotak Mahindara Life Insurance Branch Managers reported a notice period of 3 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 128 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Branch Manager salary in India ranges between ₹4.5 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 201 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.