Kotak Mahindara Life Insurance Development Officer Salaries by 6 Employees

0 - 5 years exp.

₹2.1 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

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57% less than the average Development Officer Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Development Officer Salary 0 - 1 year exp. (3 salaries)	Unlock ₹2.5 L/yr - ₹3 L/yr
Customer Success, Service & Operations Development Officer Salary Fresher (AmbitionBox Estimate)	Unlock ₹3.2 L/yr - ₹3.9 L/yr
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Sales & Business Development Development Officer Salary 2 years exp. (AmbitionBox Estimate)	Unlock ₹1.8 L/yr - ₹2.3 L/yr

Last Updated: 12 Mar 2023

Companies similar to Kotak Mahindara Life Insurance for Development Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Life Development Officer Salary 2 - 3 years exp. (3 salaries)	Unlock ₹3 L/yr - ₹5 L/yr 47% more
Bajaj Allianz Life Insurance Development Officer Salary 2 - 7 years exp. (6 salaries)	Unlock ₹2 L/yr - ₹3.5 L/yr 3% more
Login to view exact salary
Reliance Nippon Life Insurance Development Officer Salary 0 - 2 years exp. (5 salaries)	Unlock ₹1.8 L/yr - ₹2.4 L/yr 20% less
Life Insurance Corporation of India Development Officer Salary 0 - 10 years exp. (325 salaries)	Unlock ₹3.5 L/yr - ₹12 L/yr 225% more
Shriram Life Insurance Development Officer Salary 1 - 5 years exp. (6 salaries)	Unlock ₹1 L/yr - ₹3 L/yr 18% less
The Oriental Insurance Co. Development Officer Salary 15 - 25 years exp. (6 salaries)	Unlock ₹2.9 L/yr - ₹11.5 L/yr 165% more
Star Health & Allied Insurance Development Officer Salary 4 - 6 years exp. (4 salaries)	Unlock ₹1.8 L/yr - ₹4 L/yr 23% more
The New India Assurance Co. Development Officer Salary 27 - 31 years exp. (3 salaries)	Unlock ₹15 L/yr - ₹20 L/yr 533% more

Development Officer salary at Kotak Mahindara Life Insurance ranges between ₹2.1 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Development Officer salaries

Last Updated: 12 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹3.5 L/yr
1 year (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹3 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹4.9 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹2.3 L/yr - ₹2.9 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹2.1 L/yr - ₹2.7 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹0.9 L/yr - ₹2.5 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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Relationship Officer Salary

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₹2.15 L/yr - ₹5 L/yr

Senior Sales Officer Salary

(4 salaries)

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₹3.8 L/yr - ₹5 L/yr

Deputy Manager Salary

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₹2 L/yr - ₹6.25 L/yr

Store Manager Salary

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₹25.7 L/yr - ₹32.8 L/yr

Business Development Manager Salary

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₹2 L/yr - ₹6.28 L/yr

Sales Executive Salary

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₹0.8 L/yr - ₹5 L/yr

Area Sales Manager Salary

(8 salaries)

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₹3.5 L/yr - ₹8.4 L/yr

Area Manager Salary

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₹5.7 L/yr - ₹17.9 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

5.0

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

Sales Associate in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 14 May 2024

1.0

for Salary and Benefits

Likes

Job Security

Dislikes

Top Most Management in this company is worst; decision-making skills are very low Salary packages are very low for junior profiles but there work load is huge as compared with there senior profiles. Zero salary hikes and annual bonuses also depend on your boss; if he wants to give you 100,000, you will get it; if he wants to give you 10,000, that is your bonus. Huge package difference between senior boss and junior employees (ex., senior . Sr. boss package is above 30 Lacs but junior package is below 5 Lacs), Very little appreciation employees

Salary - Bad

+5 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

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Kotak Mahindara Life Insurance Development Officer Salary FAQs

What is the salary of Development Officer at Kotak Mahindara Life Insurance?

Development Officer salary at Kotak Mahindara Life Insurance in India ranges between ₹2.1 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 57% less than the average Development Officer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Development Officer at Kotak Mahindara Life Insurance is 57% less than the average salary of a Development Officer in India. To know exact salary insights, login to view.

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

The New India Assurance Co. Development Officer Salary - ₹15.0 Lakhs to ₹20.0 Lakhs per year
Life Insurance Corporation of India Development Officer Salary - ₹3.5 Lakhs to ₹12.0 Lakhs per year
The Oriental Insurance Co. Development Officer Salary - ₹2.9 Lakhs to ₹11.5 Lakhs per year
HDFC Life Development Officer Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance Development Officer Salary - ₹1.8 Lakhs to ₹4.0 Lakhs per year

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

Bajaj Allianz Life Insurance Development Officer Salary - ₹2.0 Lakhs to ₹3.5 Lakhs per year
Shriram Life Insurance Development Officer Salary - ₹1.0 Lakhs to ₹3.0 Lakhs per year
Reliance Nippon Life Insurance Development Officer Salary - ₹1.8 Lakhs to ₹2.4 Lakhs per year

What is the estimated take home salary of a Development Officer at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Development Officer at Kotak Mahindara Life Insurance ranges between ₹18,546 per month to ₹20,231 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Development Officer salary in India which ranges between ₹2.1 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

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Kotak Mahindara Life Insurance Development Officer Salaries

Kotak Mahindara Life Insurance Development Officer salary in India ranges between ₹2.1 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Development Officer salaries in India

Companies similar to Kotak Mahindara Life Insurance for Development Officer

Latest annual salaries shared by Kotak Mahindara Life Insurance Development Officer

Experience wise Kotak Mahindara Life Insurance Development Officer salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Salary related reviews for Kotak Mahindara Life Insurance

Sales Manager in Mumbai

Deputy Manager in Mumbai

Sales Associate in New Delhi

Relationship Manager in Kolkata

Deputy Manager in Thane

Kotak Mahindara Life Insurance Development Officer Salary FAQs

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