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3.7

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Branch Manager salaries in Rajkot

Annual salary range
15 - 17 years exp.
₹7.7 Lakhs - ₹9.7 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 Manager Salary in Insurance Companies for 15 - 17 years of experience

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Salaries in different departments

Sales & Business Development
Branch Manager Salary
16 - 17 years exp. (AmbitionBox Estimate)
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₹9 L/yr - ₹9.7 L/yr

BFSI, Investments & Trading
Branch Manager Salary
15 years exp. (AmbitionBox Estimate)
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₹8 L/yr - ₹9 L/yr

Last Updated: 26 Jun 2024

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

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Kotak Mahindara Life Insurance Branch Manager Salary

15 - 17 years exp. (3 salaries)

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₹7.7 L/yr - ₹9.7 L/yr

vs
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Max Life Insurance Branch Manager Salary

9 - 10 years exp. (3 salaries)

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₹7.3 L/yr - ₹10.5 L/yr

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₹8.2 L/yr - ₹12.4 L/yr

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₹4.2 L/yr - ₹7.5 L/yr

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Kinara Capital Branch Manager Salary

4 - 13 years exp. (8 salaries)

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₹4 L/yr - ₹5.3 L/yr

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CMS Infosystems Branch Manager Salary

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₹5.7 L/yr - ₹7 L/yr

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Branch Manager salary at Kotak Mahindara Life Insurance ranges between ₹7.7 Lakhs to ₹9.7 Lakhs per year for employees with experience between 15 years to 17 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 Branch Manager in Rajkot

7mo ago
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16 years exp.
11mo ago
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17 years exp.
1y ago
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15 years exp.

Experience wise Kotak Mahindara Life Insurance Branch Manager salaries in Rajkot

Last Updated: 26 Jun 2024

Experience Avg Annual Salary
15+ years  (3 salaries)

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₹9 L/yr - ₹9.7 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

4.0

Rated by 1 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 Manager Salary FAQs

What is the notice period for Branch Manager at Kotak Mahindara Life Insurance in Rajkot?
According to AmbitionBox, 67% of the Kotak Mahindara Life Insurance Branch Managers in Rajkot reported a notice period of 3 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Branch Manager salary in Rajkot ranges between ₹7.7 Lakhs to ₹9.7 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.