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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Branch Service Manager salaries in India

Annual salary range
3 - 14 years exp.
₹2.9 Lakhs - ₹6 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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59% less than the average Branch Service Manager Salary in Insurance Companies for 3 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Branch Service Manager Salary
6 - 14 years exp. (3 salaries)
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₹3.9 L/yr - ₹6 L/yr

Marketing & Communication
Branch Service Manager Salary
3 - 5 years exp. (3 salaries)
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₹2.9 L/yr - ₹4.3 L/yr

Customer Success, Service & Operations
Branch Service Manager Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹4.7 L/yr

Last Updated: 17 Apr 2024

Companies similar to Kotak Mahindara Life Insurance for Branch Service Manager

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

0 - 6 years exp. (117 salaries)

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₹1.2 L/yr - ₹4.2 L/yr

arrow icon 28% less
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₹4.4 L/yr - ₹13.1 L/yr

arrow icon 94% more
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PNB MetLife Branch Service Manager Salary

5 - 20 years exp. (7 salaries)

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₹2.1 L/yr - ₹6.3 L/yr

arrow icon 10% more
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₹2.4 L/yr - ₹7 L/yr

arrow icon 5% less
1 job opening
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IFB Branch Service Manager Salary

8 - 17 years exp. (38 salaries)

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₹9.1 L/yr - ₹23 L/yr

arrow icon 234% more
Branch Service Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.9 Lakhs to ₹6 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

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5 years exp.
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14 years exp.
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7 years exp.
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3 years exp.
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6 years exp.
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Experience wise Kotak Mahindara Life Insurance Branch Service Manager salaries

Last Updated: 17 Apr 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹6.6 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹6.8 L/yr
5 years (AmbitionBox Estimate)

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₹3 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)

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₹1.6 L/yr - ₹5.4 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(936 salaries)
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₹2 L/yr - ₹5.69 L/yr
Chief Manager Salary
(429 salaries)
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₹5.1 L/yr - ₹19 L/yr
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₹6.5 L/yr - ₹25.32 L/yr
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₹1 L/yr - ₹7.05 L/yr
Managing Partner Salary
(118 salaries)
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₹2.5 L/yr - ₹6.75 L/yr
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₹3.6 L/yr - ₹6.5 L/yr
Agency Partner Salary
(81 salaries)
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₹1 L/yr - ₹7.95 L/yr
Life Advisor Salary
(80 salaries)
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₹1 L/yr - ₹6.1 L/yr
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₹3 L/yr - ₹5 L/yr
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₹2.25 L/yr - ₹3.8 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 1 employees for salary & benefits

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

 · 

Sales & Business Development Department

1.0
  •  posted on 14 May 2024

1.0
 for  Salary and Benefits

Likes

Job Security

Dislikes

Top Most Management in this company is worst; decision-making skills are very low Salary packages are very low for junior profiles but there work load is huge as compared with there senior profiles. Zero salary hikes and annual bonuses also depend on your boss; if he wants to give you 100,000, you will get it; if he wants to give you 10,000, that is your bonus. Huge package difference between senior boss and junior employees (ex., senior . Sr. boss package is above 30 Lacs but junior package is below 5 Lacs), Very little appreciation employees

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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.

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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

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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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

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Kotak Mahindara Life Insurance Branch Service Manager Salary FAQs

What is the salary of Branch Service Manager at Kotak Mahindara Life Insurance?
Branch Service Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹2.9 Lakhs to ₹6.0 Lakhs for experience between 3 years to 14 years. According to our estimates it is 59% less than the average Branch Service Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Branch Service Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Branch Service Manager at Kotak Mahindara Life Insurance is 59% less than the average salary of a Branch Service Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Branch Service Manager in India?
  • IFB Branch Service Manager Salary - ₹9.1 Lakhs to ₹23.0 Lakhs per year
  • Reliance Nippon Life Insurance Branch Service Manager Salary - ₹4.4 Lakhs to ₹13.1 Lakhs per year
  • PNB MetLife Branch Service Manager Salary - ₹2.1 Lakhs to ₹6.3 Lakhs per year
What is the salary of a Branch Service Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • ICICI Lombard General Insurance Company Branch Service Manager Salary - ₹2.4 Lakhs to ₹7.0 Lakhs per year
  • HDFC Life Branch Service Manager Salary - ₹1.2 Lakhs to ₹4.2 Lakhs per year
What is the estimated take home salary of a Branch Service Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Branch Service Manager at Kotak Mahindara Life Insurance ranges between ₹30,891 per month to ₹32,191 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Branch Service Manager salary in India which ranges between ₹2.9 Lakhs to ₹6.0 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?
What is the notice period for Branch Service Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Branch Service Manager s reported a notice period of 2 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Branch Service Manager salary in India ranges between ₹2.9 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.