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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Consultant salaries in Mumbai

Annual salary range
0 - 8 years exp.
₹8 Lakhs - ₹12 Lakhs
Salary of majority employees
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30% 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 in Mumbai

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Kotak Mahindara Life Insurance Consultant Salary

0 - 8 years exp. (4 salaries)

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₹8 L/yr - ₹12 L/yr

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₹2.2 L/yr - ₹6 L/yr

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₹2 L/yr - ₹5 L/yr

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₹1.5 L/yr - ₹5.4 L/yr

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₹2.2 L/yr - ₹9.5 L/yr

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Consultant salary at Kotak Mahindara Life Insurance ranges between ₹8 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 8 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 Consultant in Mumbai

1w 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.
9mo ago
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5 months exp.

Experience wise Kotak Mahindara Life Insurance Consultant salaries in Mumbai

Last Updated: 4 Jan 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹9 L/yr - ₹11.5 L/yr
1 year (AmbitionBox Estimate)

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₹10.8 L/yr - ₹13.8 L/yr
6 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr
8 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.2 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Team Lead Salary
(7 salaries)
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₹2.4 L/yr - ₹6 L/yr
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₹1.8 L/yr - ₹1.9 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

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

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

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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."

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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

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.

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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.

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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

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Kotak Mahindara Life Insurance Consultant Salary FAQs

What is the salary of Consultant at Kotak Mahindara Life Insurance Mumbai?
Consultant salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹8.0 Lakhs to ₹12.0 Lakhs for less than 1 year of experience to 8 years. According to our estimates it is 30% less than the average Consultant Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.
How does the salary of a Consultant at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Consultant at Kotak Mahindara Life Insurance is 30% less than the average salary of a Consultant in Mumbai. To know exact salary insights, login to view.
What is the salary of a Consultant in companies similar to Kotak Mahindara Life Insurance in Mumbai?
  • HDFC Ergo General Insurance Consultant Salary - ₹2.2 Lakhs to ₹9.5 Lakhs per year
  • ICICI Lombard General Insurance Company Consultant Salary - ₹1.5 Lakhs to ₹5.4 Lakhs per year
  • PNB MetLife Consultant Salary - ₹2.0 Lakhs to ₹5.0 Lakhs per year
  • Reliance Nippon Life Insurance Consultant Salary - ₹2.2 Lakhs to ₹6.0 Lakhs per year
  • ICICI Prudential Life Insurance Consultant Salary - ₹1.0 Lakhs to ₹6.0 Lakhs per year
What is the estimated take home salary of a Consultant at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Consultant at Kotak Mahindara Life Insurance ranges between ₹69,019 per month to ₹70,791 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Consultant salary in India which ranges between ₹8.0 Lakhs to ₹12.0 Lakhs per year for employees with less than 1 year of experience to 8 years. Check how did we calculate take home salary?
What is the notice period for Consultant at Kotak Mahindara Life Insurance in Mumbai?
According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Consultants in Mumbai reported a notice period of 1 Month, 33% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Consultant salary in Mumbai ranges between ₹8 Lakhs to ₹12 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.