Kotak Mahindara Life Insurance Branch Sales Manager Salaries by 10+ Employees (Updated 2025)

0 - 8 years exp.

₹3 Lakhs - ₹7 Lakhs

Salary of majority employees

41% less than the average Branch Sales Manager Salary in Insurance Companies for 0 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Branch Sales Manager Salary 1 - 8 years exp. (6 salaries)	₹3.3 L/yr - ₹5.7 L/yr
Login to view exact salary
BFSI, Investments & Trading Branch Sales Manager Salary 3 - 7 years exp. (3 salaries)	₹3.2 L/yr - ₹5 L/yr

Last Updated: 21 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Branch Sales Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Branch Sales Manager Salary 0 - 12 years exp. (9 salaries)	₹4.8 L/yr - ₹11.8 L/yr 75% more
HDFC Life Branch Sales Manager Salary 6 - 12 years exp. (40 salaries)	₹5 L/yr - ₹10.5 L/yr 80% more
Login to view exact salary
SBI Life Insurance Company Branch Sales Manager Salary 6 - 20 years exp. (24 salaries)	₹5 L/yr - ₹14.3 L/yr 118% more
Max Life Insurance Branch Sales Manager Salary 3 - 15 years exp. (6 salaries)	₹2.8 L/yr - ₹11 L/yr 61% more
Bajaj Allianz Life Insurance Branch Sales Manager Salary 2 - 12 years exp. (185 salaries)	₹2.6 L/yr - ₹6.2 L/yr 8% more
Reliance Nippon Life Insurance Branch Sales Manager Salary 0 - 10 years exp. (16 salaries)	₹2.3 L/yr - ₹7 L/yr 5% less
Aditya Birla Sun Life Insurance Branch Sales Manager Salary 4 - 9 years exp. (4 salaries)	₹2.4 L/yr - ₹8.5 L/yr 13% more
Tata AIA Life Insurance Branch Sales Manager Salary 1 - 9 years exp. (34 salaries)	₹4 L/yr - ₹8.2 L/yr 70% more	1 job opening
PNB MetLife Branch Sales Manager Salary 5 - 15 years exp. (4 salaries)	₹6.3 L/yr - ₹8 L/yr 71% more
Life Insurance Corporation of India Branch Sales Manager Salary 3 - 13 years exp. (5 salaries)	₹3 L/yr - ₹6 L/yr 12% more
Care Health Insurance Branch Sales Manager Salary 1 - 9 years exp. (7 salaries)	₹4.4 L/yr - ₹5.4 L/yr 22% more
Login to view exact salary
HDFC Ergo General Insurance Branch Sales Manager Salary 4 - 18 years exp. (5 salaries)	₹3.7 L/yr - ₹11 L/yr 71% more
ICICI Lombard General Insurance Company Branch Sales Manager Salary 12 - 16 years exp. (4 salaries)	₹5.6 L/yr - ₹8 L/yr 92% more
Star Health & Allied Insurance Branch Sales Manager Salary 0 - 4 years exp. (4 salaries)	₹1.9 L/yr - ₹7 L/yr 8% less
Shriram Life Insurance Branch Sales Manager Salary 5 - 8 years exp. (3 salaries)	₹2.5 L/yr - ₹2.8 L/yr 35% less

Branch Sales Manager salary at Kotak Mahindara Life Insurance ranges between ₹3 Lakhs to ₹7 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 15 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Branch Sales Manager salaries

Last Updated: 21 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹6.2 L/yr
1 year (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.5 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹6.8 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹7 L/yr
4 years (4 salaries)	₹3.3 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.6 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹7 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Area Sales Manager Salary

(8 salaries)

₹4 L/yr - ₹13.8 L/yr

Senior Sales Manager Salary

(59 salaries)

₹3 L/yr - ₹6.8 L/yr

Branch Manager Salary

(200 salaries)

₹4.5 L/yr - ₹12.3 L/yr

Sales Manager Salary

(538 salaries)

₹2.4 L/yr - ₹6 L/yr

Assistant Sales Manager Salary

(11 salaries)

₹2.3 L/yr - ₹4.12 L/yr

Area Manager Salary

(21 salaries)

₹4.94 L/yr - ₹19.05 L/yr

Business Manager Salary

(4 salaries)

₹3.3 L/yr - ₹6.2 L/yr

Senior Branch Manager Salary

(9 salaries)

₹9.1 L/yr - ₹14.25 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.7 L/yr - ₹32.8 L/yr

Branch Head Salary

(10 salaries)

₹8.5 L/yr - ₹14 L/yr

Top skills at Kotak Mahindara Life Insurance for Branch Sales Manager

Sales B2B Sales Business Development Field Sales Marketing Branch Sales Channel Sales Sales Management B2B Life Insurance Bancassurance Corporate Sales B2C Business Development Relationship Management

Salary related reviews for Kotak Mahindara Life Insurance

3.4

Rated by 2 employees for salary & benefits

Sales Manager in Mumbai

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."

Salary - Bad

+2 more

Deputy Manager in Mumbai

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

Skill development - Poor

+4 more

Relationship Manager in Kolkata

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..

Dislikes

I like nothing about them.. I m with my word..

Salary - Bad

+6 more

Deputy Manager in Thane

Alternate Sales Department

2.0

• posted on 13 Apr 2022

2.0

for Salary and Benefits

Likes

Kotak Mahindra Bank branches alloted were doing good business

Dislikes

1st salary badly delayed, but was personally sorted by HR. No support even in case of family emergency and hence had to resign having no choice

Salary - Poor

+5 more

Senior Sales Manager in New Delhi

Sales Department

5.0

• posted on 06 May 2021

4.0

for Salary and Benefits

Likes

Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.

Salary - Good

+5 more

Dislikes

Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

Got a question about Kotak Mahindara Life Insurance?

Ask anonymously on communities.

Kotak Mahindara Life Insurance Branch Sales Manager Salary FAQs

What is the salary of Branch Sales Manager at Kotak Mahindara Life Insurance?

Branch Sales Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹3.0 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 41% less than the average Branch Sales Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Branch Sales Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Branch Sales Manager at Kotak Mahindara Life Insurance is 41% less than the average salary of a Branch Sales Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Branch Sales Manager at Kotak Mahindara Life Insurance?

Sales, B2B Sales, Business Development, Field Sales and Marketing are some of the popular skills required to work as a Branch Sales Manager at Kotak Mahindara Life Insurance India.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Branch Sales Manager in India?

SBI Life Insurance Company Branch Sales Manager Salary - ₹5.0 Lakhs to ₹14.3 Lakhs per year
ICICI Lombard General Insurance Company Branch Sales Manager Salary - ₹5.6 Lakhs to ₹8.0 Lakhs per year
HDFC Life Branch Sales Manager Salary - ₹5.0 Lakhs to ₹10.5 Lakhs per year
ICICI Prudential Life Insurance Branch Sales Manager Salary - ₹4.8 Lakhs to ₹11.8 Lakhs per year
HDFC Ergo General Insurance Branch Sales Manager Salary - ₹3.7 Lakhs to ₹11.0 Lakhs per year

What is the salary of a Branch Sales Manager in companies similar to Kotak Mahindara Life Insurance in India?

PNB MetLife Branch Sales Manager Salary - ₹6.3 Lakhs to ₹8.0 Lakhs per year
Tata AIA Life Insurance Branch Sales Manager Salary - ₹4.0 Lakhs to ₹8.2 Lakhs per year
Max Life Insurance Branch Sales Manager Salary - ₹2.8 Lakhs to ₹11.0 Lakhs per year
Care Health Insurance Branch Sales Manager Salary - ₹4.4 Lakhs to ₹5.4 Lakhs per year
Aditya Birla Sun Life Insurance Branch Sales Manager Salary - ₹2.4 Lakhs to ₹8.5 Lakhs per year

What is the estimated take home salary of a Branch Sales Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Branch Sales Manager at Kotak Mahindara Life Insurance ranges between ₹29,954 per month to ₹31,269 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Branch Sales Manager salary in India which ranges between ₹3.0 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?

What is the notice period for Branch Sales Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Branch Sales Managers reported a notice period of 3 Months, 17% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 12 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Branch Sales Manager Salaries by Location

Home >
Salaries >
Kotak Mahindara Life Insurance Salaries >
Kotak Mahindara Life Insurance Branch Sales Manager Salaries

Kotak Mahindara Life Insurance Branch Sales Manager salary in India ranges between ₹3 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Branch Sales Manager salaries in India

Companies similar to Kotak Mahindara Life Insurance for Branch Sales Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Branch Sales Manager

Experience wise Kotak Mahindara Life Insurance Branch Sales Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Branch Sales Manager

Salary related reviews for Kotak Mahindara Life Insurance

Sales Manager in Mumbai

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Deputy Manager in Thane

Senior Sales Manager in New Delhi

Kotak Mahindara Life Insurance Branch Sales Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindara Life Insurance Branch Sales Manager Salaries by Location