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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Business Development Manager salaries in India

Annual salary range
2 - 12 years exp.
₹2.2 Lakhs - ₹10.3 Lakhs
Salary of majority employees
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23% less than the average Business Development Manager Salary in Insurance Companies for 2 - 12 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
2 - 12 years exp. (30 salaries)
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₹3 L/yr - ₹9.5 L/yr

Sales & Business Development
Business Development Manager Salary
2 - 12 years exp. (30 salaries)
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₹2.6 L/yr - ₹10.3 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
3 - 10 years exp. (7 salaries)
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₹3 L/yr - ₹8 L/yr

Finance & Accounting
Business Development Manager Salary
3 - 6 years exp. (6 salaries)
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₹3.3 L/yr - ₹6.3 L/yr

Data Science & Analytics
Business Development Manager Salary
3 - 7 years exp. (3 salaries)
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₹3.7 L/yr - ₹6.3 L/yr

View all

Last Updated: 25 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Business Development Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Business Development Manager Salary

0 - 10 years exp. (1.4k salaries)

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₹1.5 L/yr - ₹5 L/yr

arrow icon 37% less
19 job openings
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₹2.3 L/yr - ₹5 L/yr

arrow icon 35% less
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₹3 L/yr - ₹6 L/yr

arrow icon 26% less
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₹1.9 L/yr - ₹7 L/yr

arrow icon 16% less
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₹3 L/yr - ₹7.3 L/yr

arrow icon 12% less
1 job opening
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₹2.5 L/yr - ₹6.5 L/yr

arrow icon 37% less
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₹1.8 L/yr - ₹6 L/yr

arrow icon 28% less
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₹3 L/yr - ₹6 L/yr

arrow icon 27% less
Logo
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₹2 L/yr - ₹5.8 L/yr

arrow icon 33% less
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₹1.6 L/yr - ₹5 L/yr

arrow icon 35% less
11 job openings
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₹2 L/yr - ₹5 L/yr

arrow icon 46% less
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₹1.1 L/yr - ₹9 L/yr

arrow icon 24% less
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₹2.7 L/yr - ₹7 L/yr

arrow icon 35% less
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₹2.7 L/yr - ₹5.4 L/yr

arrow icon 26% less
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₹1.8 L/yr - ₹7 L/yr

arrow icon 32% less
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₹11.4 L/yr - ₹24.6 L/yr

arrow icon 294% more
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₹3.5 L/yr - ₹4.9 L/yr

arrow icon 29% less
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Gallagher Business Development Manager Salary

4 - 14 years exp. (3 salaries)

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₹10 L/yr - ₹10.8 L/yr

arrow icon 77% more
Business Development Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.2 Lakhs to ₹10.3 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 99 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Business Development Manager

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9 years exp.
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12 years exp.
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12 years exp.
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Experience wise Kotak Mahindara Life Insurance Business Development Manager salaries

Last Updated: 25 Jan 2025

Experience Avg Annual Salary
2 years  (10 salaries)

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₹2.2 L/yr - ₹9.3 L/yr
3 years  (9 salaries)

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₹3 L/yr - ₹8 L/yr
4 years  (9 salaries)

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₹3.2 L/yr - ₹8.5 L/yr
5 years  (10 salaries)

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₹2.6 L/yr - ₹5.6 L/yr
6 years  (11 salaries)

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₹3.5 L/yr - ₹7.3 L/yr
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Similar Designation salaries in Kotak Mahindara Life Insurance

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₹3.6 L/yr - ₹6.5 L/yr
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₹4 L/yr - ₹11 L/yr
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₹1.2 L/yr - ₹4.7 L/yr
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₹3.3 L/yr - ₹6.2 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.7 L/yr
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₹2.3 L/yr - ₹4.12 L/yr
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₹2.4 L/yr - ₹6 L/yr
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₹3 L/yr - ₹6.8 L/yr
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₹4 L/yr - ₹13.8 L/yr
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₹4.8 L/yr - ₹18 L/yr

Top skills at Kotak Mahindara Life Insurance for Business Development Manager

Life Insurance Team Handling Bancassurance banca sales Business Development Management Team Handling Insurance Sales Life Insurance Insurance Sales Bancassurance Branch Handling banca Leadership Relationship Management Territory Sales

Salary related reviews for Kotak Mahindara Life Insurance

4.1

Rated by 21 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

 · 

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

 · 

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..

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Dislikes

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

  • Salary - Bad
    +6 more

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

read more
  • Salary - Poor
    +5 more

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.

read more
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Kotak Mahindara Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Kotak Mahindara Life Insurance?
Business Development Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹2.2 Lakhs to ₹10.3 Lakhs for experience between 2 years to 12 years. According to our estimates it is 23% less than the average Business Development Manager Salary in India. Salary estimates are based on 99 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Business Development Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Business Development Manager at Kotak Mahindara Life Insurance is 23% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at Kotak Mahindara Life Insurance?
Life Insurance, Team Handling, Bancassurance, banca sales and Business Development Management are some of the popular skills required to work as a Business Development Manager at Kotak Mahindara Life Insurance India.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Business Development Manager in India?
  • The Oriental Insurance Co. Business Development Manager Salary - ₹11.4 Lakhs to ₹24.6 Lakhs per year
  • Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • Max Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹7.3 Lakhs per year
  • SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
  • ICICI Lombard General Insurance Company Business Development Manager Salary - ₹1.1 Lakhs to ₹9.0 Lakhs per year
  • HDFC Ergo General Insurance Business Development Manager Salary - ₹2.7 Lakhs to ₹5.4 Lakhs per year
  • Bajaj Allianz Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Business Development Manager at Kotak Mahindara Life Insurance ranges between ₹44,065 per month to ₹45,170 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Business Development Manager salary in India which ranges between ₹2.2 Lakhs to ₹10.3 Lakhs per year for employees with experience between 2 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 32% of the Kotak Mahindara Life Insurance Business Development Managers reported a notice period of 3 Months, 28% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 88 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Business Development Manager salary in India ranges between ₹2.2 Lakhs to ₹10.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 99 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.