Kotak Mahindara Life Insurance Executive Salaries by 20+ Employees (Updated 2024)

1 - 5 years exp.

₹1.5 Lakh - ₹4.4 Lakhs

Salary of majority employees

33% less than the average Executive Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Executive Salary 1 - 5 years exp. (6 salaries)	₹1.8 L/yr - ₹3.5 L/yr
Finance & Accounting Executive Salary 1 - 4 years exp. (5 salaries)	₹1.5 L/yr - ₹4.4 L/yr
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BFSI, Investments & Trading Executive Salary 1 year exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹3.5 L/yr

Last Updated: 5 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Executive

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Executive Salary 0 - 8 years exp. (46 salaries)	₹1.2 L/yr - ₹4.4 L/yr 13% less
HDFC Life Executive Salary 0 - 5 years exp. (85 salaries)	₹2.4 L/yr - ₹5 L/yr 31% more
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SBI Life Insurance Company Executive Salary 1 - 11 years exp. (29 salaries)	₹1.4 L/yr - ₹6 L/yr 11% more
Max Life Insurance Executive Salary 0 - 6 years exp. (215 salaries)	₹1 L/yr - ₹6 L/yr 7% more
Bajaj Allianz Life Insurance Executive Salary 0 - 6 years exp. (75 salaries)	₹1.6 L/yr - ₹5.3 L/yr 13% more
Reliance Nippon Life Insurance Executive Salary 1 - 6 years exp. (15 salaries)	₹1.5 L/yr - ₹4.2 L/yr 8% less
Aditya Birla Sun Life Insurance Executive Salary 0 - 3 years exp. (32 salaries)	₹1.8 L/yr - ₹3.3 L/yr 13% less
Tata AIA Life Insurance Executive Salary 2 - 10 years exp. (88 salaries)	₹2.5 L/yr - ₹6.5 L/yr 51% more	2 job openings
PNB MetLife Executive Salary 0 - 7 years exp. (33 salaries)	₹2 L/yr - ₹4.2 L/yr 2% less
Life Insurance Corporation of India Executive Salary 2 - 4 years exp. (4 salaries)	₹2.4 L/yr - ₹5.2 L/yr 45% more
HDFC Ergo General Insurance Executive Salary 1 - 6 years exp. (183 salaries)	₹1.5 L/yr - ₹4.9 L/yr 7% more
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Star Health & Allied Insurance Executive Salary 0 - 6 years exp. (209 salaries)	₹1.8 L/yr - ₹4.6 L/yr 1% less	2 job openings
Shriram Life Insurance Executive Salary 0 - 6 years exp. (46 salaries)	₹1.8 L/yr - ₹3.5 L/yr 10% less
ICICI Lombard General Insurance Company Executive Salary 1 - 6 years exp. (41 salaries)	₹1.8 L/yr - ₹6 L/yr 9% less
Care Health Insurance Executive Salary 1 - 7 years exp. (14 salaries)	₹2 L/yr - ₹3 L/yr 9% less
Gallagher Executive Salary 1 - 4 years exp. (11 salaries)	₹2.3 L/yr - ₹3.5 L/yr 1% more
Aditya Birla Insurance Brokers Executive Salary 0 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3.2 L/yr 13% less
The New India Assurance Co. Executive Salary 3 - 11 years exp. (3 salaries)	₹1.3 L/yr - ₹2.6 L/yr 30% less
Spectrum Insurance Distribution Executive Salary 1 - 3 years exp. (3 salaries)	₹1.5 L/yr - ₹3.1 L/yr 34% less

Executive salary at Kotak Mahindara Life Insurance ranges between ₹1.5 Lakh to ₹4.4 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 23 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Executive salaries

Last Updated: 5 Dec 2024

Experience	Avg Annual Salary
1 year (10 salaries)	₹1.5 L/yr - ₹4.2 L/yr
2 years (3 salaries)	₹2 L/yr - ₹4.9 L/yr
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3 years (4 salaries)	₹1.8 L/yr - ₹5.6 L/yr
4 years (4 salaries)	₹2.2 L/yr - ₹4.4 L/yr
5 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Officer Salary

(6 salaries)

₹3 L/yr - ₹4.5 L/yr

Supervisor Salary

(6 salaries)

₹1.4 L/yr - ₹5 L/yr

QA Engineer Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Deputy Manager Salary

(889 salaries)

₹2 L/yr - ₹5.69 L/yr

Senior Officer Salary

(3 salaries)

₹2 L/yr - ₹6.5 L/yr

Quality Manager Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Quality Analyst Salary

(6 salaries)

₹3.1 L/yr - ₹5.17 L/yr

Top skills at Kotak Mahindara Life Insurance for Executive

admin executive Administration Front Office Management Front Office Facility Management

Salary related reviews for Kotak Mahindara Life Insurance

1.9

Rated by 4 employees for salary & benefits

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

Deputy Manager in Mumbai

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.

Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

Chief Manager in Mumbai

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.

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

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.

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."

Admin Manager in Hyderabad / Secunderabad

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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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Kotak Mahindara Life Insurance Executive Salary FAQs

What is the salary of Executive at Kotak Mahindara Life Insurance?

Executive salary at Kotak Mahindara Life Insurance in India ranges between ₹1.5 Lakhs to ₹4.4 Lakhs for experience between 1 years to 5 years. According to our estimates it is 33% less than the average Executive Salary in India. Salary estimates are based on 23 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Executive at Kotak Mahindara Life Insurance is 33% less than the average salary of a Executive in India. To know exact salary insights, login to view.

What are the top skills required to work as a Executive at Kotak Mahindara Life Insurance?

admin executive, Administration, Front Office Management, Front Office and Facility Management are some of the popular skills required to work as a Executive at Kotak Mahindara Life Insurance India.

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

Tata AIA Life Insurance Executive Salary - ₹2.5 Lakhs to ₹6.5 Lakhs per year
Life Insurance Corporation of India Executive Salary - ₹2.4 Lakhs to ₹5.2 Lakhs per year
HDFC Life Executive Salary - ₹2.4 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz Life Insurance Executive Salary - ₹1.6 Lakhs to ₹5.3 Lakhs per year
SBI Life Insurance Company Executive Salary - ₹1.4 Lakhs to ₹6.0 Lakhs per year

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

HDFC Ergo General Insurance Executive Salary - ₹1.5 Lakhs to ₹4.9 Lakhs per year
Max Life Insurance Executive Salary - ₹1.0 Lakhs to ₹6.0 Lakhs per year
Gallagher Executive Salary - ₹2.3 Lakhs to ₹3.5 Lakhs per year
Star Health & Allied Insurance Executive Salary - ₹1.8 Lakhs to ₹4.6 Lakhs per year
PNB MetLife Executive Salary - ₹2.0 Lakhs to ₹4.2 Lakhs per year

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

The estimated take-home salary of a Executive at Kotak Mahindara Life Insurance ranges between ₹22,189 per month to ₹23,670 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Executive salary in India which ranges between ₹1.5 Lakhs to ₹4.4 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Executive at Kotak Mahindara Life Insurance?

According to AmbitionBox, 53% of the Kotak Mahindara Life Insurance Executives reported a notice period of 1 Month, 34% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 15 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Executive Salaries

Kotak Mahindara Life Insurance Executive salary in India ranges between ₹1.5 Lakh to ₹4.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.