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This company page is being actively managed by Kotak Mahindara Life Insurance Team. If you also belong to the team, you can get access from here

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3.7

based on 2.9k Reviews

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Kotak Mahindara Life Insurance Financial Advisor salaries in Mumbai

Annual salary range
0 - 4 years exp.
₹1.5 Lakh - ₹6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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14% less than the average Financial Advisor Salary in Insurance Companies for 0 - 4 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Financial Advisor Salary
0 - 2 years exp. (AmbitionBox Estimate)
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₹1.5 L/yr - ₹4 L/yr

Finance & Accounting
Financial Advisor Salary
1 year exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹4.6 L/yr

Last Updated: 23 Jun 2024

Companies similar to Kotak Mahindara Life Insurance for Financial Advisor in Mumbai

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Kotak Mahindara Life Insurance Financial Advisor Salary

0 - 4 years exp. (6 salaries)
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₹1.5 L/yr - ₹6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Financial Advisor Salary

1 - 6 years exp. (13 salaries)
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₹2 L/yr - ₹6 L/yr

arrow icon 2% less
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Axis Max Life Insurance Financial Advisor Salary

2 - 8 years exp. (5 salaries)
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₹2.2 L/yr - ₹4 L/yr

arrow icon 12% less
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HDFC Life Financial Advisor Salary

1 - 4 years exp. (4 salaries)
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₹1.5 L/yr - ₹5 L/yr

arrow icon 17% less
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Motilal Oswal Financial Services Financial Advisor Salary

0 - 6 years exp. (252 salaries)
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₹1.6 L/yr - ₹5 L/yr

arrow icon 8% less
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Money Honey Financial Services Financial Advisor Salary

0 - 4 years exp. (79 salaries)
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₹1.1 L/yr - ₹4.5 L/yr

arrow icon 26% less
 1 job opening
Financial Advisor salary at Kotak Mahindara Life Insurance ranges between ₹1.5 Lakh to ₹6 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Financial Advisor in Mumbai

9mo ago
₹3 Lakhs
5 months exp.
9mo ago
₹3.2 Lakhs
1 year exp.
10mo ago
₹3 Lakhs
1 year exp.

Experience wise Kotak Mahindara Life Insurance Financial Advisor salaries in Mumbai

Last Updated: 23 Jun 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.9 L/yr - ₹3.7 L/yr
1 year (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.9 L/yr
2 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr
3 years (AmbitionBox Estimate)

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₹3.5 L/yr - ₹4.4 L/yr
4 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.7 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Management Trainee Salary
(24 salaries)
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₹3 L/yr - ₹7 L/yr
Business Analyst Salary
(20 salaries)
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₹3 L/yr - ₹10 L/yr
Team Lead Salary
(7 salaries)
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₹2.15 L/yr - ₹6 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.0

Rated by 1 employees for salary & benefits

Financial Advisor in Kolkata

BFSI, Investments & Trading Department

3.0
  •  posted on 03 Apr 2020
3.0
 for  Salary and Benefits

Likes

if u not find any job but trying & searching that time this type of company give you sum boost to move..........otherwise no need to go

read more
  • Skill development - Good
    • +1 more

Dislikes

salary depend your business......not fixed..........if you not find any business then your salary will be zero...........very pathetic

read more
  • Job security - Poor
    • +1 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

read more
  • 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

read more
  • Salary - Poor
    • +5 more

Management Trainee in Chhatisgarh

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 08 May 2021
4.0
 for  Salary and Benefits

Likes

It is all about leadership. If you are good in recruitment then you will more success and financial compensation also.

read more
  • Salary - Good
    • +6 more

Dislikes

Senior managers are not available all times so you handle alone and spoil resource coz lack of knowledge and experiences

read 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.

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
see more salary related reviews

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2w (edited)
peacemaker
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works at
Georgia-Pacific
New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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Kotak Mahindara Life Insurance Financial Advisor Salary FAQs

What is the salary of Financial Advisor at Kotak Mahindara Life Insurance in Mumbai?
The average salary of a Financial Advisor at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹1.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Financial Advisor in Mumbai at Kotak Mahindara Life Insurance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Financial Advisor 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 6 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Financial Advisor at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Financial Advisor at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹28,256 to ₹29,646 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from Fresher 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 6 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Financial Advisor in companies similar to Kotak Mahindara Life Insurance in Mumbai?
The salary of a Financial Advisor at companies similar to Kotak Mahindara Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance ₹2.0 Lakhs to ₹6.0 Lakhs per year
Motilal Oswal Financial Services ₹1.6 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance ₹2.2 Lakhs to ₹4.0 Lakhs per year
HDFC Life ₹1.5 Lakhs to ₹5.0 Lakhs per year
Money Honey Financial Services ₹1.1 Lakhs to ₹4.5 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 Financial Advisor at Kotak Mahindara Life Insurance in Mumbai?
The salary growth for a Financial Advisor at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Financial Advisor in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹2.9 Lakhs to ₹3.7 Lakhs per year
1 year ₹3.1 Lakhs to ₹3.9 Lakhs per year
2 years ₹3.3 Lakhs to ₹4.2 Lakhs per year
3 years ₹3.5 Lakhs to ₹4.4 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Financial Advisor salary in Mumbai ranges between ₹1.5 Lakh to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.