Kotak Mahindara Life Insurance Branch Service Manager Salaries by 8 Employees (Updated 2025)

3 - 14 years exp.

₹2.9 Lakhs - ₹6 Lakhs

Low Confidence

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)	Unlock ₹3.9 L/yr - ₹6 L/yr
Marketing & Communication Branch Service Manager Salary 3 - 5 years exp. (3 salaries)	Unlock ₹2.9 L/yr - ₹4.3 L/yr
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Customer Success, Service & Operations Branch Service Manager Salary 6 - 7 years exp. (AmbitionBox Estimate)	Unlock ₹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
HDFC Life Branch Service Manager Salary 0 - 5 years exp. (112 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr 29% less
Reliance Nippon Life Insurance Branch Service Manager Salary 7 - 20 years exp. (13 salaries)	Unlock ₹5 L/yr - ₹14 L/yr 88% more
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PNB MetLife Branch Service Manager Salary 5 - 20 years exp. (7 salaries)	Unlock ₹2.1 L/yr - ₹6.3 L/yr 10% more
ICICI Lombard General Insurance Company Branch Service Manager Salary 0 - 11 years exp. (142 salaries)	Unlock ₹2.4 L/yr - ₹7 L/yr 4% less
Aditya Birla Health Insurance Co Branch Service Manager Salary 1 - 7 years exp. (37 salaries)	Unlock ₹2.7 L/yr - ₹5.1 L/yr 8% less

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.

Experience wise Kotak Mahindara Life Insurance Branch Service Manager salaries

Last Updated: 17 Apr 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	Unlock ₹2.9 L/yr - ₹6.6 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹6.8 L/yr
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5 years (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹1.6 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹1.6 L/yr - ₹5.4 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹3.7 L/yr - ₹4.7 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹4.8 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹3.9 L/yr - ₹4.9 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹3.9 L/yr - ₹5 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹4 L/yr - ₹5.1 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹4.1 L/yr - ₹5.2 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹1.9 L/yr - ₹6 L/yr

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₹1 L/yr - ₹7.95 L/yr

Life Advisor Salary

(78 salaries)

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₹1 L/yr - ₹6.1 L/yr

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Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 1 employees for salary & benefits

Chief Manager in Mumbai

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.

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

Salary - Poor

+1 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

Sales Associate in New Delhi

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

Salary - Bad

+5 more

Chief Manager in Mumbai

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.

Chief Manager in Silchar

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.

Work satisfaction - Bad

+1 more

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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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?

Reliance Nippon Life Insurance Branch Service Manager Salary - ₹5.0 Lakhs to ₹14.0 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
Aditya Birla Health Insurance Co Branch Service Manager Salary - ₹2.7 Lakhs to ₹5.1 Lakhs per year
HDFC Life Branch Service Manager Salary - ₹1.8 Lakhs to ₹3.5 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.

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Kotak Mahindara Life Insurance Branch Service Manager Salaries

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