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based on 2.6k Reviews

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Kotak Mahindara Life Insurance Business Development Manager salaries in New Delhi

Annual salary range
5 - 12 years exp.
₹3.7 Lakhs - ₹7.5 Lakhs
Salary of majority employees
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23% less than the average Business Development Manager Salary in Insurance Companies for 5 - 12 years of experience

Interested in this particular role? 5 job openings

Salaries in different departments

Sales & Business Development
Business Development Manager Salary
5 - 10 years exp. (5 salaries)
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₹3.7 L/yr - ₹6.5 L/yr

Marketing & Communication
Business Development Manager Salary
10 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹6.5 L/yr

Last Updated: 30 May 2024

Companies similar to Kotak Mahindara Life Insurance for Business Development Manager in New Delhi

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Kotak Mahindara Life Insurance Business Development Manager Salary

5 - 12 years exp. (7 salaries)

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₹3.7 L/yr - ₹7.5 L/yr

vs
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HDFC Life Business Development Manager Salary

0 - 9 years exp. (167 salaries)

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₹2.2 L/yr - ₹4.6 L/yr

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₹2.3 L/yr - ₹5 L/yr

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₹3.9 L/yr - ₹5.5 L/yr

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₹3 L/yr - ₹6.5 L/yr

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₹2.1 L/yr - ₹5.6 L/yr

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₹3 L/yr - ₹4.5 L/yr

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₹3 L/yr - ₹8.9 L/yr

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₹2.2 L/yr - ₹3.5 L/yr

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₹2.8 L/yr - ₹6.5 L/yr

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₹1.8 L/yr - ₹4.2 L/yr

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Business Development Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.7 Lakhs to ₹7.5 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

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Experience wise Kotak Mahindara Life Insurance Business Development Manager salaries in New Delhi

Last Updated: 30 May 2024

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹2 L/yr - ₹5.6 L/yr
6 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹9.2 L/yr
7 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹6.1 L/yr
8 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹10 L/yr
9 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹6.6 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹4.2 L/yr - ₹5.75 L/yr

Top skills at Kotak Mahindara Life Insurance for Business Development Manager

Life Insurance Team Handling Bancassurance banca sales Business Development Management Insurance Sales Branch Handling banca Leadership Relationship Management Cross Selling Team Building Business Development Marking SAS SQL

Salary related reviews for Kotak Mahindara Life Insurance

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

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

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..

read more

Dislikes

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

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

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.

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

BFSI, Investments & Trading Department

4.0
  •  posted on 16 Jun 2020

2.0
 for  Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

read more

Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

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 New Delhi?
Business Development Manager salary at Kotak Mahindara Life Insurance in New Delhi ranges between ₹3.7 Lakhs to ₹7.5 Lakhs for experience between 5 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 7 latest salaries received from various employees of Kotak Mahindara Life Insurance New Delhi.
How does the salary of a Business Development Manager at Kotak Mahindara Life Insurance New Delhi 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 New Delhi. 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 New Delhi.
What is the salary of a Business Development Manager in companies similar to Kotak Mahindara Life Insurance in New Delhi?
  • SBI Life Insurance Company Business Development Manager Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
  • Max Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹7.0 Lakhs per year
  • Bajaj Allianz Life Insurance Business Development Manager Salary - ₹3.9 Lakhs to ₹5.5 Lakhs per year
  • Aditya Birla Sun Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
  • Reliance Nippon Life Insurance Business Development Manager Salary - ₹2.1 Lakhs to ₹5.6 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Kotak Mahindara Life Insurance in New Delhi?
The estimated take-home salary of a Business Development Manager at Kotak Mahindara Life Insurance ranges between ₹41,990 per month to ₹43,125 per month in New Delhi. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Business Development Manager salary in India which ranges between ₹3.7 Lakhs to ₹7.5 Lakhs per year for employees with experience between 5 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 in New Delhi?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Business Development Managers in New Delhi reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Business Development Manager salary in New Delhi ranges between ₹3.7 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.