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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Branch Manager salaries in Meerut

Annual salary range
9 - 18 years exp.
₹7.5 Lakhs - ₹9 Lakhs
Salary of majority employees
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13% more than the average Branch Manager Salary in Insurance Companies for 9 - 18 years of experience

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Salaries in different departments

Sales & Business Development
Branch Manager Salary
9 - 13 years exp. (3 salaries)
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₹7.6 L/yr - ₹9 L/yr

BFSI, Investments & Trading
Branch Manager Salary
18 years exp. (AmbitionBox Estimate)
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₹7.5 L/yr - ₹9.9 L/yr

Last Updated: 16 Jun 2023

Companies similar to Kotak Mahindara Life Insurance for Branch Manager in Meerut

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Kotak Mahindara Life Insurance Branch Manager Salary

9 - 18 years exp. (4 salaries)

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₹7.5 L/yr - ₹9 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Max Life Insurance Branch Manager Salary

12 - 15 years exp. (3 salaries)

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₹11.5 L/yr - ₹13.1 L/yr

arrow icon 36% more
2 job openings
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₹7.8 L/yr - ₹8.8 L/yr

arrow icon 8% less
Logo
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₹2.6 L/yr - ₹3.5 L/yr

arrow icon 64% less
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₹5.4 L/yr - ₹8.2 L/yr

arrow icon 23% less
1 job opening
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₹4.4 L/yr - ₹7 L/yr

arrow icon 33% less
Branch Manager salary at Kotak Mahindara Life Insurance ranges between ₹7.5 Lakhs to ₹9 Lakhs per year for employees with experience between 9 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Branch Manager in Meerut

1y ago
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11 years exp.
1y ago
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9 years exp.
1y ago
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18 years exp.
1y ago
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13 years exp.

Experience wise Kotak Mahindara Life Insurance Branch Manager salaries in Meerut

Last Updated: 16 Jun 2023

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

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₹7.6 L/yr - ₹15.3 L/yr
10 years (AmbitionBox Estimate)

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₹7.8 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹15.9 L/yr
12 years (AmbitionBox Estimate)

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₹8.1 L/yr - ₹10.3 L/yr
13 years (AmbitionBox Estimate)

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₹9 L/yr - ₹16.4 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹4.1 L/yr - ₹4.43 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

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."

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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.

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..

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Kotak Mahindara Life Insurance Branch Manager Salary FAQs

What is the salary of Branch Manager at Kotak Mahindara Life Insurance Meerut?
Branch Manager salary at Kotak Mahindara Life Insurance in Meerut ranges between ₹7.5 Lakhs to ₹9.0 Lakhs for experience between 9 years to 18 years. According to our estimates it is 13% more than the average Branch Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance Meerut.
How does the salary of a Branch Manager at Kotak Mahindara Life Insurance Meerut compare with the average salary range for this job?
The average salary of a Branch Manager at Kotak Mahindara Life Insurance is 13% more than the average salary of a Branch Manager in Meerut. 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 Meerut.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Branch Manager in Meerut?
  • Max Life Insurance Branch Manager Salary - ₹11.5 Lakhs to ₹13.1 Lakhs per year
What is the salary of a Branch Manager in companies similar to Kotak Mahindara Life Insurance in Meerut?
  • Bajaj Allianz Life Insurance Branch Manager Salary - ₹7.8 Lakhs to ₹8.8 Lakhs per year
  • Shubham Housing Development Finance Branch Manager Salary - ₹5.4 Lakhs to ₹8.2 Lakhs per year
  • F1 Info Solutions and Services Branch Manager Salary - ₹4.4 Lakhs to ₹7.0 Lakhs per year
  • The Professional Couriers Branch Manager Salary - ₹2.6 Lakhs to ₹3.5 Lakhs per year
What is the estimated take home salary of a Branch Manager at Kotak Mahindara Life Insurance in Meerut?
The estimated take-home salary of a Branch Manager at Kotak Mahindara Life Insurance ranges between ₹63,967 per month to ₹65,596 per month in Meerut. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Branch Manager salary in India which ranges between ₹7.5 Lakhs to ₹9.0 Lakhs per year for employees with experience between 9 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 in Meerut?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Branch Managers in Meerut reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Branch Manager salary in Meerut ranges between ₹7.5 Lakhs to ₹9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.