Kotak Mahindara Life Insurance Business Manager Salaries by 4 Employees (Updated 2025)

0 - 10 years exp.

₹3.4 Lakhs - ₹6.2 Lakhs

Low Confidence

Salary of majority employees

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

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Salaries in different departments

Finance & Accounting Business Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	Unlock ₹5.2 L/yr - ₹6.2 L/yr
BFSI, Investments & Trading Business Manager Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹3.7 L/yr
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Sports, Fitness & Personal Care Business Manager Salary Fresher (AmbitionBox Estimate)	Unlock ₹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
ICICI Prudential Life Insurance Business Manager Salary 0 - 6 years exp. (8 salaries)	Unlock ₹3.1 L/yr - ₹4 L/yr 24% less
HDFC Life Business Manager Salary 3 - 13 years exp. (10 salaries)	Unlock ₹2.4 L/yr - ₹8.1 L/yr 9% less
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SBI Life Insurance Company Business Manager Salary 5 - 16 years exp. (29 salaries)	Unlock ₹4.4 L/yr - ₹8.5 L/yr 35% more
Max Life Insurance Business Manager Salary 4 - 10 years exp. (4 salaries)	Unlock ₹3.1 L/yr - ₹6.4 L/yr 11% less
Bajaj Allianz Life Insurance Business Manager Salary 7 - 13 years exp. (6 salaries)	Unlock ₹4.5 L/yr - ₹6 L/yr 8% less
Aditya Birla Sun Life Insurance Business Manager Salary 11 - 18 years exp. (5 salaries)	Unlock ₹7.9 L/yr - ₹8.3 L/yr 60% more
Tata AIA Life Insurance Business Manager Salary 4 - 17 years exp. (18 salaries)	Unlock ₹6.5 L/yr - ₹10.6 L/yr 76% more
PNB MetLife Business Manager Salary 3 - 14 years exp. (7 salaries)	Unlock ₹3.5 L/yr - ₹7.5 L/yr 16% more
Life Insurance Corporation of India Business Manager Salary 0 - 5 years exp. (5 salaries)	Unlock ₹1 L/yr - ₹5.8 L/yr 48% less
Shriram Life Insurance Business Manager Salary 0 - 7 years exp. (59 salaries)	Unlock ₹2.2 L/yr - ₹5 L/yr 22% less	1 job opening
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	Unlock ₹2.3 L/yr - ₹10 L/yr 3% more
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SBI General Insurance Business Manager Salary 6 - 14 years exp. (5 salaries)	Unlock ₹4 L/yr - ₹15.1 L/yr 77% more
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	Unlock ₹3.9 L/yr - ₹15 L/yr 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.

Experience wise Kotak Mahindara Life Insurance Business Manager salaries

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹3.9 L/yr
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8 years (AmbitionBox Estimate)	Unlock ₹5.6 L/yr - ₹7.1 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹4.7 L/yr - ₹6 L/yr

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Sales Manager Salary

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₹2 L/yr - ₹6.28 L/yr

Regional Manager Salary

(12 salaries)

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₹10.31 L/yr - ₹22 L/yr

Store Manager Salary

(AmbitionBox Estimate)

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₹25.7 L/yr - ₹32.8 L/yr

Area Manager Salary

(26 salaries)

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₹5.7 L/yr - ₹17.9 L/yr

Deputy Manager Salary

(947 salaries)

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₹2 L/yr - ₹6.25 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.2 L/yr

Area Sales Manager Salary

(8 salaries)

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₹3.5 L/yr - ₹8.4 L/yr

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₹3.5 L/yr - ₹7 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.6

Rated by 2 employees for salary & benefits

Sales Manager in Mumbai

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."

Salary - Bad

+2 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

Relationship Manager in Kolkata

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..

Dislikes

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

Salary - Bad

+6 more

Deputy Manager in Thane

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

Salary - Poor

+5 more

Senior Sales Manager in New Delhi

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.

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Kotak Mahindara Life Insurance Business Manager Salary FAQs

What is the salary of Business Manager at Kotak Mahindara Life Insurance?

Business Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹3.4 Lakhs to ₹6.2 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 56% less than the average Business Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Business Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Business Manager at Kotak Mahindara Life Insurance is 56% less than the average salary of a Business Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Business Manager in India?

HDFC Ergo General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance Business Manager Salary - ₹4.0 Lakhs to ₹15.1 Lakhs per year
Tata AIA Life Insurance Business Manager Salary - ₹6.5 Lakhs to ₹10.6 Lakhs per year
Aditya Birla Sun Life Insurance Business Manager Salary - ₹7.9 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company Business Manager Salary - ₹4.4 Lakhs to ₹8.5 Lakhs per year

What is the salary of a Business Manager in companies similar to Kotak Mahindara Life Insurance in India?

PNB MetLife Business Manager Salary - ₹3.5 Lakhs to ₹7.5 Lakhs per year
ICICI Lombard General Insurance Company Business Manager Salary - ₹2.3 Lakhs to ₹10.0 Lakhs per year
Bajaj Allianz Life Insurance Business Manager Salary - ₹4.5 Lakhs to ₹6.0 Lakhs per year
HDFC Life Business Manager Salary - ₹2.4 Lakhs to ₹8.1 Lakhs per year
Max Life Insurance Business Manager Salary - ₹3.1 Lakhs to ₹6.4 Lakhs per year

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 ranges between ₹37,062 per month to ₹38,271 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Business Manager salary in India which ranges between ₹3.4 Lakhs to ₹6.2 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

What is the notice period for Business Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Business Managers reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Business Manager Salaries

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