Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Kotak Mahindara Life Insurance Team. If you also belong to the team, you can get access from here
filter salariesFilter salaries by

Kotak Mahindara Life Insurance Business Manager salaries in India

Annual salary range
0 - 10 years exp.
₹3.4 Lakhs - ₹6.2 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
unlock blur
Fixed (85%)
₹4.2 Lakhs
Variable (15%)
₹0.7 Lakh
unlock blur

56% less than the average Business Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting
Business Manager Salary
8 - 10 years exp. (AmbitionBox Estimate)
unlock-blur

₹5.2 L/yr - ₹6.2 L/yr

BFSI, Investments & Trading
Business Manager Salary
5 years exp. (AmbitionBox Estimate)
unlock-blur

₹3 L/yr - ₹3.7 L/yr

Sports, Fitness & Personal Care
Business Manager Salary
Fresher (AmbitionBox Estimate)
unlock-blur

₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 7 Nov 2024

Companies similar to Kotak Mahindara Life Insurance for Business Manager

Company name Avg Annual Salary Open Jobs
Logo
unlock blur

₹3 L/yr - ₹5 L/yr

arrow icon 22% less
1 job opening
Logo
Tata AIA Life Insurance Business Manager Salary

2 - 17 years exp. (20 salaries)

unlock blur

₹5.6 L/yr - ₹10.6 L/yr

arrow icon 67% more
unlock blur

₹5.1 L/yr - ₹7.3 L/yr

arrow icon 35% more
unlock blur

₹2.3 L/yr - ₹10 L/yr

arrow icon 3% more
Logo
HDFC Life Business Manager Salary

3 - 13 years exp. (10 salaries)

unlock blur

₹2.4 L/yr - ₹8.1 L/yr

arrow icon 9% less
unlock blur

₹3.1 L/yr - ₹4 L/yr

arrow icon 24% less
unlock blur

₹2 L/yr - ₹4.3 L/yr

arrow icon 33% less
unlock blur

₹4.5 L/yr - ₹6 L/yr

arrow icon 8% less
Logo
unlock blur

₹3.1 L/yr - ₹9.5 L/yr

arrow icon 9% more
unlock blur

₹7.9 L/yr - ₹8.3 L/yr

arrow icon 60% more
unlock blur

₹3.9 L/yr - ₹15 L/yr

arrow icon 95% more
Business Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.4 Lakhs to ₹6.2 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Business Manager

1mo ago
avg blur mobile
5 years exp.
1y ago
avg blur mobile
10 years exp.
1y ago
avg blur mobile
8 years exp.

Experience wise Kotak Mahindara Life Insurance Business Manager salaries

Last Updated: 7 Nov 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

unlock blur

₹4.5 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)

unlock blur

₹3 L/yr - ₹3.9 L/yr
8 years (AmbitionBox Estimate)

unlock blur

₹5.6 L/yr - ₹7.1 L/yr
10 years (AmbitionBox Estimate)

unlock blur

₹4.7 L/yr - ₹6 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

unlock blur
₹5.39 L/yr - ₹7.25 L/yr
Branch Manager Salary
(203 salaries)
unlock blur
₹5 L/yr - ₹13.5 L/yr
Sales Manager Salary
(563 salaries)
unlock blur
₹2 L/yr - ₹6.22 L/yr
unlock blur
₹10.31 L/yr - ₹22 L/yr
Store Manager Salary
(AmbitionBox Estimate)
unlock blur
₹25.7 L/yr - ₹32.8 L/yr
Area Manager Salary
(30 salaries)
unlock blur
₹4.7 L/yr - ₹17.5 L/yr
Deputy Manager Salary
(764 salaries)
unlock blur
₹2 L/yr - ₹5.69 L/yr
Territory Manager Salary
(AmbitionBox Estimate)
unlock blur
₹14.2 L/yr - ₹18.2 L/yr
unlock blur
₹3.5 L/yr - ₹8.4 L/yr
unlock blur
₹3.5 L/yr - ₹7 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.6

Rated by 2 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

read more
  • 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..

read more

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
see more salary related reviews

Discover interview dos and don'ts from real experiences

Kotak Mahindara Life Insurance Business Manager Salary FAQs

What is the salary of Business Manager at Kotak Mahindara Life Insurance ?
The average salary of a Business Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹3.4 Lakhs to ₹6.2 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Business Manager at Kotak Mahindara Life Insurance earn more than ₹6.2 Lakhs per year, and the top 1% earn over ₹6.2 Lakhs per year. Business Manager Salaries at Kotak Mahindara Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Business Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Business Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹37,062 to ₹38,271 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹6.2 Lakhs per year for employees with experience ranging from Fresher to 10 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Business Manager in India?
HDFC Ergo General Insurance ₹3.9 Lakhs to ₹15.0 Lakhs per year
Tata AIA Life Insurance ₹5.6 Lakhs to ₹10.6 Lakhs per year
Aditya Birla Sun Life Insurance ₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company ₹5.1 Lakhs to ₹7.3 Lakhs per year
Axis Max Life Insurance ₹3.1 Lakhs to ₹9.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindara Life Insurance, depending on the role and experience level.
What is the salary of a Business Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Business Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company ₹2.3 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz Life Insurance ₹4.5 Lakhs to ₹6.0 Lakhs per year
HDFC Life ₹2.4 Lakhs to ₹8.1 Lakhs per year
Shriram Life Insurance ₹3.0 Lakhs to ₹5.0 Lakhs per year
ICICI Prudential Life Insurance ₹3.1 Lakhs to ₹4.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Business Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Business Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Business Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹4.5 Lakhs to ₹5.8 Lakhs per year
5 years ₹3.0 Lakhs to ₹3.9 Lakhs per year
8 years ₹5.6 Lakhs to ₹7.1 Lakhs per year
10 years ₹4.7 Lakhs to ₹6.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Business Manager salary in India ranges between ₹3.4 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.