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Kotak Mahindara Life Insurance Executive Officer salaries in India (Updated 2025)

Annual salary range
1 - 3 years exp.
₹1.3 Lakh - ₹2.2 Lakhs
Salary of majority employees
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59% less than the average Executive Officer Salary in Insurance Companies for 1 - 3 years of experience

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Salaries in different departments

Finance & Accounting
Executive Officer Salary
1 - 3 years exp. (11 salaries)
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₹1.4 L/yr - ₹2.2 L/yr

Customer Success, Service & Operations
Executive Officer Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.8 L/yr

Last Updated: 9 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Executive Officer

Company name Avg Annual Salary Open Jobs
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₹1.9 L/yr - ₹4 L/yr

arrow icon 58% more
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₹2 L/yr - ₹3.3 L/yr

arrow icon 42% more
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₹3 L/yr - ₹3.7 L/yr

arrow icon 72% more
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₹2 L/yr - ₹4.2 L/yr

arrow icon 57% more
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₹2.4 L/yr - ₹2.7 L/yr

arrow icon 40% more
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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 46% more
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₹3 L/yr - ₹3.9 L/yr

arrow icon 80% more
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₹1.5 L/yr - ₹2 L/yr

arrow icon 5% less
Executive Officer salary at Kotak Mahindara Life Insurance ranges between ₹1.3 Lakh to ₹2.2 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Executive Officer

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Experience wise Kotak Mahindara Life Insurance Executive Officer salaries

Last Updated: 9 Feb 2025

Experience Avg Annual Salary
1 year  (8 salaries)

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₹1.4 L/yr - ₹2.2 L/yr
2 years  (6 salaries)

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₹1.3 L/yr - ₹2 L/yr
3 years  (3 salaries)

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₹1.4 L/yr - ₹2 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Officer Salary
(6 salaries)
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₹3 L/yr - ₹4.5 L/yr
Deputy Manager Salary
(764 salaries)
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₹2 L/yr - ₹5.69 L/yr
Test Engineer Salary
(4 salaries)
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₹2.75 L/yr - ₹4.5 L/yr
Software Tester Salary
(18 salaries)
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₹1.5 L/yr - ₹5.2 L/yr
QA Engineer Salary
(AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr
Quality Manager Salary
(AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr
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₹4 L/yr - ₹15 L/yr
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₹3.85 L/yr - ₹5.17 L/yr
Senior Test Engineer Salary
(AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 1 employees for salary & benefits

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

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

read more
  • Salary - Poor
  • +5 more

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.

read more
  • Skill development - Good
  • +1 more

Dislikes

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

read more
  • Salary - Poor
  • +1 more

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
see more salary related reviews

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Kotak Mahindara Life Insurance Executive Officer Salary FAQs

What is the salary of Executive Officer at Kotak Mahindara Life Insurance ?
The average salary of a Executive Officer at Kotak Mahindara Life Insurance in India typically ranges from ₹1.3 Lakhs to ₹2.2 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Executive Officer at Kotak Mahindara Life Insurance earn more than ₹2.1 Lakhs per year, and the top 1% earn over ₹2.2 Lakhs per year. Executive Officer 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 10+ Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Executive Officer at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Executive Officer at Kotak Mahindara Life Insurance in India typically ranges from ₹12,503 to ₹13,854 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹2.2 Lakhs per year for employees with experience ranging from 1 year to 3 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 10+ 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 Executive Officer in India?
Reliance Nippon Life Insurance ₹3.0 Lakhs to ₹3.9 Lakhs per year
HDFC Ergo General Insurance ₹3.0 Lakhs to ₹3.7 Lakhs per year
Star Health & Allied Insurance ₹1.9 Lakhs to ₹4.0 Lakhs per year
Axis Max Life Insurance ₹2.0 Lakhs to ₹4.2 Lakhs per year
Bajaj Allianz Life Insurance ₹1.5 Lakhs to ₹3.5 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 Officer in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Executive Officer 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:

ICICI Prudential Life Insurance ₹2.0 Lakhs to ₹3.3 Lakhs per year
Tata AIA Life Insurance ₹2.4 Lakhs to ₹2.7 Lakhs per year
ICICI Lombard General Insurance Company ₹1.5 Lakhs to ₹2.0 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 Officer at Kotak Mahindara Life Insurance in India?
The salary growth for a Executive Officer at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Executive Officer can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
1 year ₹1.4 Lakhs to ₹2.2 Lakhs per year
2 years ₹1.3 Lakhs to ₹2.0 Lakhs per year
3 years ₹1.4 Lakhs to ₹2.0 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Executive Officer salary in India ranges between ₹1.3 Lakh to ₹2.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 17 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.