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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Branch Manager and Assistant Vice President salaries in India

Annual salary range
10 - 17 years exp.
₹7.5 Lakhs - ₹12 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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42% less than the average Branch Manager and Assistant Vice President Salary in Insurance Companies for 10 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Manager and Assistant Vice President Salary
11 years exp. (AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.3 L/yr

Marketing & Communication
Branch Manager and Assistant Vice President Salary
17 years exp. (AmbitionBox Estimate)
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₹7.2 L/yr - ₹8.8 L/yr

Strategic & Top Management
Branch Manager and Assistant Vice President Salary
10 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹11 L/yr

Last Updated: 6 May 2024

Companies similar to Kotak Mahindara Life Insurance for Branch Manager and Assistant Vice President

Company name Avg Annual Salary Open Jobs
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₹12 L/yr - ₹26 L/yr

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₹10 L/yr - ₹18 L/yr

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₹8.5 L/yr - ₹18 L/yr

arrow icon 46% more
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₹11 L/yr - ₹24 L/yr

arrow icon 90% more
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₹11.5 L/yr - ₹21.8 L/yr

arrow icon 74% more
Branch Manager and Assistant Vice President salary at Kotak Mahindara Life Insurance ranges between ₹7.5 Lakhs to ₹12 Lakhs per year for employees with experience between 10 years to 17 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 Branch Manager and Assistant Vice President

7mo ago
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10 years exp.
1y ago
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17 years exp.
1y ago
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10 years exp.
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11 years exp.
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13 years exp.

Experience wise Kotak Mahindara Life Insurance Branch Manager and Assistant Vice President salaries

Last Updated: 6 May 2024

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹9.5 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹17.2 L/yr
12 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹10.9 L/yr
13 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹12 L/yr
14 years (AmbitionBox Estimate)

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₹8.3 L/yr - ₹10.6 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹6.5 L/yr - ₹25.32 L/yr
Branch Manager Salary
(211 salaries)
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₹4.5 L/yr - ₹12.81 L/yr
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₹2.5 L/yr - ₹7 L/yr
Branch Incharge Salary
(AmbitionBox Estimate)
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₹9.4 L/yr - ₹12 L/yr
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₹4.45 L/yr - ₹8.5 L/yr
Branch Head Salary
(12 salaries)
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₹8 L/yr - ₹12 L/yr
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₹3.5 L/yr - ₹10 L/yr
Area Manager Salary
(21 salaries)
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₹4.94 L/yr - ₹17.4 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
Sales Manager Salary
(528 salaries)
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₹1.65 L/yr - ₹6.28 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

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

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

 · 

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.

Dislikes

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

read more

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

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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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..

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Kotak Mahindara Life Insurance Branch Manager and Assistant Vice President Salary FAQs

What is the salary of Branch Manager and Assistant Vice President at Kotak Mahindara Life Insurance?
Branch Manager and Assistant Vice President salary at Kotak Mahindara Life Insurance in India ranges between ₹7.5 Lakhs to ₹12.0 Lakhs for experience between 10 years to 17 years. According to our estimates it is 42% less than the average Branch Manager and Assistant Vice President Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Branch Manager and Assistant Vice President at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Branch Manager and Assistant Vice President at Kotak Mahindara Life Insurance is 42% less than the average salary of a Branch Manager and Assistant Vice President in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Branch Manager and Assistant Vice President in India?
  • HDFC Bank Branch Manager and Assistant Vice President Salary - ₹12.0 Lakhs to ₹26.0 Lakhs per year
  • Axis Bank Branch Manager and Assistant Vice President Salary - ₹11.0 Lakhs to ₹24.0 Lakhs per year
  • Kotak Mahindra Bank Branch Manager and Assistant Vice President Salary - ₹11.5 Lakhs to ₹21.8 Lakhs per year
  • Yes Bank Branch Manager and Assistant Vice President Salary - ₹10.0 Lakhs to ₹18.0 Lakhs per year
  • IndusInd Bank Branch Manager and Assistant Vice President Salary - ₹8.5 Lakhs to ₹18.0 Lakhs per year
What is the estimated take home salary of a Branch Manager and Assistant Vice President at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Branch Manager and Assistant Vice President at Kotak Mahindara Life Insurance ranges between ₹67,303 per month to ₹69,027 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Branch Manager and Assistant Vice President salary in India which ranges between ₹7.5 Lakhs to ₹12.0 Lakhs per year for employees with experience between 10 years to 17 years. Check how did we calculate take home salary?
What is the notice period for Branch Manager and Assistant Vice President at Kotak Mahindara Life Insurance?
According to AmbitionBox, 75% of the Kotak Mahindara Life Insurance Branch Manager and Assistant Vice Presidents reported a notice period of 3 Months, 25% reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Branch Manager and Assistant Vice President salary in India ranges between ₹7.5 Lakhs to ₹12 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.