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Kotak Mahindara Life Insurance Cluster Head salaries in Mumbai

Annual salary range
13 - 16 years exp.
₹10.5 Lakhs - ₹16.9 Lakhs
Salary of majority employees
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21% less than the average Cluster Head Salary in Insurance Companies for 13 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Head Salary
13 - 15 years exp. (AmbitionBox Estimate)
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₹11.2 L/yr - ₹16.9 L/yr

Sales & Business Development
Cluster Head Salary
16 years exp. (AmbitionBox Estimate)
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₹10.5 L/yr - ₹13.6 L/yr

Last Updated: 7 Jul 2023

Companies similar to Kotak Mahindara Life Insurance for Cluster Head in Mumbai

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Kotak Mahindara Life Insurance Cluster Head Salary

13 - 16 years exp. (4 salaries)

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₹10.5 L/yr - ₹16.9 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Cluster Head Salary

11 - 16 years exp. (4 salaries)

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₹11 L/yr - ₹14 L/yr

arrow icon 10% less
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Axis Max Life Insurance Cluster Head Salary

6 - 16 years exp. (3 salaries)

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₹7 L/yr - ₹12.8 L/yr

arrow icon 10% less
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Yes Bank Cluster Head Salary

13 - 22 years exp. (22 salaries)

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₹16.8 L/yr - ₹42.8 L/yr

arrow icon 100% more
1 job opening
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YES SECURITIES Cluster Head Salary

6 - 15 years exp. (19 salaries)

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₹5.6 L/yr - ₹13 L/yr

arrow icon 26% less
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HDFC Bank Cluster Head Salary

10 - 20 years exp. (16 salaries)

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₹9.4 L/yr - ₹33.8 L/yr

arrow icon 79% more
Cluster Head salary at Kotak Mahindara Life Insurance ranges between ₹10.5 Lakhs to ₹16.9 Lakhs per year for employees with experience between 13 years to 16 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 Cluster Head in Mumbai

1y ago
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15 years exp.
1y ago
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16 years exp.

Experience wise Kotak Mahindara Life Insurance Cluster Head salaries in Mumbai

Last Updated: 7 Jul 2023

Experience Avg Annual Salary
13 years (AmbitionBox Estimate)

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₹10.9 L/yr - ₹13.9 L/yr
14 years (AmbitionBox Estimate)

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₹11.2 L/yr - ₹14.3 L/yr
15+ years (AmbitionBox Estimate)

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₹12.4 L/yr - ₹15.8 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(434 salaries)
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₹2.25 L/yr - ₹5.74 L/yr
Sales Manager Salary
(76 salaries)
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₹2.6 L/yr - ₹5.75 L/yr
Branch Manager Salary
(18 salaries)
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₹6 L/yr - ₹11 L/yr
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₹1.45 L/yr - ₹3.47 L/yr
Team Lead Salary
(7 salaries)
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₹2.15 L/yr - ₹6 L/yr
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₹7.31 L/yr - ₹12.5 L/yr

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.

  • 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
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Kotak Mahindara Life Insurance Cluster Head Salary FAQs

What is the salary of Cluster Head at Kotak Mahindara Life Insurance in Mumbai?
The average salary of a Cluster Head at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹10.5 Lakhs to ₹16.9 Lakhs per year, depending on experience (from 13 years to 16 years).

The top 10% of Cluster Head in Mumbai at Kotak Mahindara Life Insurance earn more than ₹16.9 Lakhs per year, and the top 1% earn over ₹16.9 Lakhs per year. Cluster Head 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 Cluster Head at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Cluster Head at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹89,336 to ₹91,683 per month. This is based on the average salary range of ₹10.5 Lakhs to ₹16.9 Lakhs per year for employees with experience ranging from 13 years to 16 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 Cluster Head in India?
Yes Bank ₹16.8 Lakhs to ₹42.8 Lakhs per year
HDFC Bank ₹9.4 Lakhs to ₹33.8 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 Cluster Head in companies similar to Kotak Mahindara Life Insurance in Mumbai?
The salary of a Cluster Head at companies similar to Kotak Mahindara Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life ₹11.0 Lakhs to ₹14.0 Lakhs per year
Axis Max Life Insurance ₹7.0 Lakhs to ₹12.8 Lakhs per year
YES SECURITIES ₹5.6 Lakhs to ₹13.0 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 Cluster Head at Kotak Mahindara Life Insurance in Mumbai?
The salary growth for a Cluster Head at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Cluster Head in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
13 years ₹10.9 Lakhs to ₹13.9 Lakhs per year
14 years ₹11.2 Lakhs to ₹14.3 Lakhs per year
15 years ₹12.4 Lakhs to ₹15.8 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Cluster Head salary in Mumbai ranges between ₹10.5 Lakhs to ₹16.9 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.