Kotak Mahindara Life Insurance Executive Salaries by 20+ Employees (Updated 2025)

1 - 4 years exp.

₹1 Lakh - ₹4.4 Lakhs

Salary of majority employees

34% less than the average Executive Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Executive Salary 1 - 3 years exp. (7 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 L/yr - ₹3.4 L/yr
Sales & Business Development Executive Salary 1 year exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.3 L/yr

Last Updated: 22 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Executive

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Executive Salary 0 - 7 years exp. (227 salaries)	₹1.6 L/yr - ₹4.8 L/yr At par
Axis Max Life Insurance Executive Salary 0 - 6 years exp. (206 salaries)	₹1.2 L/yr - ₹5.5 L/yr 7% more
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HDFC Ergo General Insurance Executive Salary 2 - 6 years exp. (165 salaries)	₹1.7 L/yr - ₹6.5 L/yr 10% more
Tata AIA Life Insurance Executive Salary 1 - 9 years exp. (104 salaries)	₹2 L/yr - ₹6.5 L/yr 47% more	1 job opening
HDFC Life Executive Salary 0 - 5 years exp. (80 salaries)	₹2.2 L/yr - ₹5 L/yr 32% more
Bajaj Allianz Life Insurance Executive Salary 1 - 6 years exp. (53 salaries)	₹1.8 L/yr - ₹5.3 L/yr 15% more
Aditya Birla Sun Life Insurance Executive Salary 0 - 5 years exp. (48 salaries)	₹1.8 L/yr - ₹3.5 L/yr 12% less
Shriram Life Insurance Executive Salary 0 - 6 years exp. (50 salaries)	₹1.8 L/yr - ₹3.5 L/yr 12% less
ICICI Prudential Life Insurance Executive Salary 1 - 8 years exp. (43 salaries)	₹1.2 L/yr - ₹3.3 L/yr 16% less
ICICI Lombard General Insurance Company Executive Salary 1 - 6 years exp. (33 salaries)	₹1.8 L/yr - ₹6 L/yr 3% less
SBI Life Insurance Company Executive Salary 1 - 11 years exp. (29 salaries)	₹1.4 L/yr - ₹6 L/yr 11% more
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Reliance Nippon Life Insurance Executive Salary 1 - 6 years exp. (19 salaries)	₹1.5 L/yr - ₹4.3 L/yr At par
Gallagher Executive Salary 1 - 4 years exp. (11 salaries)	₹2.3 L/yr - ₹3.5 L/yr 2% more
Aditya Birla Insurance Brokers Executive Salary 0 - 5 years exp. (7 salaries)	₹2 L/yr - ₹3.3 L/yr 13% less
Maruti Suzuki Insurance Broking Executive Salary 1 - 7 years exp. (5 salaries)	₹1.5 L/yr - ₹2.1 L/yr 43% 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 Lakh to ₹4.4 Lakhs per year for employees with experience between 1 year to 4 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: 22 Mar 2025

Experience	Avg Annual Salary
1 year (11 salaries)	₹1 L/yr - ₹3.3 L/yr
2 years (4 salaries)	₹2 L/yr - ₹3.5 L/yr
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3 years (4 salaries)	₹1.8 L/yr - ₹3.5 L/yr
4 years (4 salaries)	₹2.2 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

(762 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)

₹3.85 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

3.7

Rated by 5 employees for salary & benefits

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

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

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.

Skill development - Good

+1 more

Dislikes

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

Salary - Poor

+1 more

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

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

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.

Salary - Bad

+1 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Kotak Mahindara Life Insurance Executive Salary FAQs

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

The average salary of a Executive at Kotak Mahindara Life Insurance in India typically ranges from ₹1.0 Lakhs to ₹4.4 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Executive at Kotak Mahindara Life Insurance earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹4.4 Lakhs per year. Executive 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 20+ Kotak Mahindara Life Insurance employees in India.

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 in India typically ranges from ₹22,215 to ₹23,696 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹4.4 Lakhs per year for employees with experience ranging from 1 year to 4 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 20+ salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Executive at Kotak Mahindara Life Insurance ?

To be a Executive at Kotak Mahindara Life Insurance in india, the key skills required include:

- admin executive
- Administration
- Front Office Management
- Front Office
- Facility Management

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindara Life Insurance for Executive in India?

Tata AIA Life Insurance	₹2.0 Lakhs to ₹6.5 Lakhs per year
HDFC Life	₹2.2 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz Life Insurance	₹1.8 Lakhs to ₹5.3 Lakhs per year
SBI Life Insurance Company	₹1.4 Lakhs to ₹6.0 Lakhs per year
HDFC Ergo General Insurance	₹1.7 Lakhs to ₹6.5 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 Executive in companies similar to Kotak Mahindara Life Insurance in India?

The salary of a Executive 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:

Axis Max Life Insurance	₹1.2 Lakhs to ₹5.5 Lakhs per year
Gallagher	₹2.3 Lakhs to ₹3.5 Lakhs per year
Star Health & Allied Insurance	₹1.6 Lakhs to ₹4.8 Lakhs per year
Reliance Nippon Life Insurance	₹1.5 Lakhs to ₹4.3 Lakhs per year
ICICI Lombard General Insurance Company	₹1.8 Lakhs to ₹6.0 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 Executive at Kotak Mahindara Life Insurance in India?

The salary growth for a Executive at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Executive can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
1 year	₹1.0 Lakhs to ₹3.3 Lakhs per year
2 years	₹2.0 Lakhs to ₹3.5 Lakhs per year
3 years	₹1.8 Lakhs to ₹3.5 Lakhs per year
4 years	₹2.2 Lakhs to ₹4.4 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Executive Salaries

Kotak Mahindara Life Insurance Executive salary in India ranges between ₹1 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.