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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Collection Agent salaries in India

Annual salary range
10 - 17 years exp.
₹13.5 Lakhs - ₹17.2 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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551% more than the average Collection Agent Salary in Insurance Companies for 10 - 17 years of experience

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Last Updated: 7 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Collection Agent

Company name Avg Annual Salary Open Jobs
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₹1.8 L/yr - ₹3 L/yr

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Bajaj Finserv Collection Agent Salary

0 - 5 years exp. (150 salaries)

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₹1 L/yr - ₹4.5 L/yr

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HDB Financial Services Collection Agent Salary

1 - 7 years exp. (149 salaries)

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₹1 L/yr - ₹4.3 L/yr

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Bajaj Finance Collection Agent Salary

0 - 4 years exp. (125 salaries)

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₹0.6 L/yr - ₹3.8 L/yr

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Teleperformance Collection Agent Salary

0 - 3 years exp. (62 salaries)

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₹1.2 L/yr - ₹3.6 L/yr

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Collection Agent salary at Kotak Mahindara Life Insurance ranges between ₹13.5 Lakhs to ₹17.2 Lakhs per year for employees with experience between 10 years to 17 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 Collection Agent

1w ago
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17 years exp.
1mo ago
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16 years exp.
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15 years exp.
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10 years exp.

Experience wise Kotak Mahindara Life Insurance Collection Agent salaries

Last Updated: 7 Dec 2024

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹13.5 L/yr - ₹17.2 L/yr
15+ years  (3 salaries)

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₹13.5 L/yr - ₹17.2 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹0.2 L/yr - ₹0.2 L/yr
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₹4.9 L/yr - ₹6.2 L/yr
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₹1.2 L/yr - ₹6.23 L/yr
Branch Manager Salary
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₹4.5 L/yr - ₹12.81 L/yr
Financial Analyst Salary
(AmbitionBox Estimate)
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₹4.4 L/yr - ₹5.6 L/yr
Sales Officer Salary
(8 salaries)
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₹1.5 L/yr - ₹5.5 L/yr
Deputy Manager Salary
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₹2 L/yr - ₹5.69 L/yr
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₹0.8 L/yr - ₹4.55 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.

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

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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

Insurance Department

4.0
  •  posted on 11 Apr 2021

4.0
 for  Salary and Benefits

Likes

Skill development learning,work life balance,compensation and benefits,company culture is good,career growth is there,employee behaviour is good,fast growth in business along with career goal setting,promotion achievement etc

read more

Dislikes

Too much work pressure while doing job, target setting along with achievement is very much important,job security depends upon the performane of it,lots of politics occurs in the management .

read more
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Kotak Mahindara Life Insurance Collection Agent Salary FAQs

What is the salary of Collection Agent at Kotak Mahindara Life Insurance?
Collection Agent salary at Kotak Mahindara Life Insurance in India ranges between ₹13.5 Lakhs to ₹17.2 Lakhs for experience between 10 years to 17 years. According to our estimates it is 551% more than the average Collection Agent 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 Collection Agent at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Collection Agent at Kotak Mahindara Life Insurance is 551% more than the average salary of a Collection Agent in India. To know exact salary insights, login to view.
What is the salary of a Collection Agent in companies similar to Kotak Mahindara Life Insurance in India?
  • Bajaj Finance Collection Agent Salary - ₹0.6 Lakhs to ₹3.8 Lakhs per year
  • Bajaj Finserv Collection Agent Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year
  • HDB Financial Services Collection Agent Salary - ₹1.0 Lakhs to ₹4.3 Lakhs per year
  • Reliance Nippon Life Insurance Collection Agent Salary - ₹1.8 Lakhs to ₹3.0 Lakhs per year
  • Teleperformance Collection Agent Salary - ₹1.2 Lakhs to ₹3.6 Lakhs per year
What is the estimated take home salary of a Collection Agent at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Collection Agent at Kotak Mahindara Life Insurance ranges between ₹1,03,535 per month to ₹1,06,371 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Collection Agent salary in India which ranges between ₹13.5 Lakhs to ₹17.2 Lakhs per year for employees with experience between 10 years to 17 years. Check how did we calculate take home salary?
What is the notice period for Collection Agent at Kotak Mahindara Life Insurance?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Collection Agents reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Collection Agent salary in India ranges between ₹13.5 Lakhs to ₹17.2 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.