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Kotak Mahindara Life Insurance Consultant salaries in India (Updated 2025)

Annual salary range
0 - 8 years exp.
₹6 Lakhs - ₹12 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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Fixed (92%)
₹8 Lakhs
Variable (8%)
₹0.7 Lakh
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38% less than the average Consultant Salary in Insurance Companies for 0 - 8 years of experience

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Salaries in different departments

Risk Management & Compliance
Consultant Salary
1 - 8 years exp. (3 salaries)
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₹8 L/yr - ₹12 L/yr

Customer Success, Service & Operations
Consultant Salary
Fresher (AmbitionBox Estimate)
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₹9 L/yr - ₹11 L/yr

Last Updated: 4 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Consultant

Company name Avg Annual Salary Open Jobs
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₹1.2 L/yr - ₹6.6 L/yr

arrow icon 66% less
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₹1.5 L/yr - ₹7.8 L/yr

arrow icon 53% less
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HDFC Life Consultant Salary

1 - 10 years exp. (12 salaries)

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₹1.2 L/yr - ₹6.4 L/yr

arrow icon 29% less
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₹1 L/yr - ₹6 L/yr

arrow icon 66% less
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Swiss Re Consultant Salary

0 - 6 years exp. (6 salaries)

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₹8 L/yr - ₹20 L/yr

arrow icon 50% more
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Gallagher Consultant Salary

4 - 18 years exp. (5 salaries)

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₹20.5 L/yr - ₹25.5 L/yr

arrow icon 159% more
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₹2.2 L/yr - ₹9.5 L/yr

arrow icon 37% less
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AXA Consultant Salary

8 - 12 years exp. (5 salaries)

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₹9.5 L/yr - ₹17.6 L/yr

arrow icon 36% more
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₹15.1 L/yr - ₹21.1 L/yr

arrow icon 114% more
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₹5 L/yr - ₹8 L/yr

arrow icon 27% less
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Empower Consultant Salary

12 - 17 years exp. (4 salaries)

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₹24 L/yr - ₹29 L/yr

arrow icon 207% more
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₹3 L/yr - ₹5.5 L/yr

arrow icon 55% less
1 job opening
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SBI Life Insurance Company Consultant Salary

2 - 14 years exp. (4 salaries)

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₹1 L/yr - ₹4.4 L/yr

arrow icon 65% less
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Shriram Life Insurance Consultant Salary

0 - 17 years exp. (3 salaries)

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₹1.4 L/yr - ₹5.2 L/yr

arrow icon 55% less
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₹4.2 L/yr - ₹12.1 L/yr

arrow icon 6% less
Consultant salary at Kotak Mahindara Life Insurance ranges between ₹6 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Consultant

3d ago
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6 years exp.
2mo ago
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1 year exp.
3mo ago
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8 years exp.
8mo ago
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5 months exp.

Experience wise Kotak Mahindara Life Insurance Consultant salaries

Last Updated: 4 Jan 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹6 L/yr - ₹10 L/yr
1 year (AmbitionBox Estimate)

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₹3.6 L/yr - ₹12 L/yr
2 years (AmbitionBox Estimate)

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₹8.1 L/yr - ₹10.3 L/yr
3 years (AmbitionBox Estimate)

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₹8 L/yr - ₹10.2 L/yr
4 years (AmbitionBox Estimate)

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₹7.8 L/yr - ₹10 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹24 L/yr - ₹65 L/yr
Team Lead Salary
(34 salaries)
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₹1.2 L/yr - ₹6.95 L/yr
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₹1.8 L/yr - ₹1.9 L/yr
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₹2.8 L/yr - ₹3.51 L/yr
Project Engineer Salary
(AmbitionBox Estimate)
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₹4.3 L/yr - ₹5.5 L/yr
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₹4 L/yr - ₹15 L/yr
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₹3 L/yr - ₹5.2 L/yr
Salesforce Developer Salary
(AmbitionBox Estimate)
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₹0.3 L/yr - ₹0.3 L/yr
Application Developer Salary
(AmbitionBox Estimate)
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₹10.8 L/yr - ₹13.8 L/yr
Senior Software Engineer Salary
(AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.0

Rated by 1 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

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 18 Nov 2024

1.0
 for  Salary and Benefits

Likes

work life balance and the culture of the organization

  • Job security - Good
  • +2 more

Dislikes

Salary not up to the mark. not paid as per industry standard. additional branches, additional works given without proper hike in salary. Branches have poor depressing culture, no celebration, revenue generating teams at branches are recognized, not the backend teams irrespective of their contribution to the success. Overall branches are not happy place to work.

read more
  • Salary - Bad
  • +1 more

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 01 May 2024

2.0
 for  Salary and Benefits

Likes

Nothing good to write about.

Dislikes

Can't even count the dislikes. 1. You are never sure that you will get your salary on time. HR can (by mistake) mistakes at time of salary credit. 2. Upper management lies alot. 3. You wont learn anything, if u have ideas of growth and benificial for the company (Forget It) 4. HR is just a word, the people of the department don't know what HR does for a change. 5. You will be promissed alot of things at time of joining, rest assured they are just a myth. This list can go on and on, i just don't wanna waste my time on them anymore.

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more
  • Job security - Excellent
  • +2 more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

read more
  • Salary - Poor
  • +1 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
see more salary related reviews

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Kotak Mahindara Life Insurance Consultant Salary FAQs

What is the salary of Consultant at Kotak Mahindara Life Insurance ?
The average salary of a Consultant at Kotak Mahindara Life Insurance in India typically ranges from ₹6.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Consultant at Kotak Mahindara Life Insurance earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Consultant 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 5 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Consultant at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Consultant at Kotak Mahindara Life Insurance in India typically ranges from ₹63,711 to ₹65,333 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from Fresher to 8 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 5 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 Consultant in India?
Empower ₹24.0 Lakhs to ₹29.0 Lakhs per year
Gallagher ₹20.5 Lakhs to ₹25.5 Lakhs per year
Employees State Insurance Corporation ₹15.1 Lakhs to ₹21.1 Lakhs per year
Swiss Re ₹8.0 Lakhs to ₹20.0 Lakhs per year
AXA ₹9.5 Lakhs to ₹17.6 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 Consultant in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Consultant 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:

Star Health & Allied Insurance ₹4.2 Lakhs to ₹12.1 Lakhs per year
Aditya Birla Sun Life Insurance ₹5.0 Lakhs to ₹8.0 Lakhs per year
HDFC Life ₹1.2 Lakhs to ₹6.4 Lakhs per year
HDFC Ergo General Insurance ₹2.2 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company ₹1.5 Lakhs to ₹7.8 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 Consultant at Kotak Mahindara Life Insurance in India?
The salary growth for a Consultant at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Consultant can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹6.0 Lakhs to ₹10.0 Lakhs per year
1 year ₹3.6 Lakhs to ₹12.0 Lakhs per year
2 years ₹8.1 Lakhs to ₹10.3 Lakhs per year
3 years ₹8.0 Lakhs to ₹10.2 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Consultant salary in India ranges between ₹6 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.