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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 New Delhi (Updated 2025)

Annual salary range
1 - 6 years exp.
₹2.4 Lakhs - ₹5.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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16% less than the average Financial Advisor Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Finance & Accounting
Financial Advisor Salary
1 - 6 years exp. (3 salaries)
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₹3.5 L/yr - ₹5.5 L/yr

Risk Management & Compliance
Financial Advisor Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹4.2 L/yr

Last Updated: 2 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Financial Advisor in New Delhi

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Kotak Mahindara Life Insurance Financial Advisor Salary

1 - 6 years exp. (5 salaries)
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₹2.4 L/yr - ₹5.5 L/yr

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

0 - 6 years exp. (17 salaries)
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₹2.4 L/yr - ₹6 L/yr

arrow icon 4% more
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Axis Max Life Insurance Financial Advisor Salary

1 - 10 years exp. (13 salaries)
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₹1.4 L/yr - ₹4.8 L/yr

arrow icon 12% less
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HDFC Life Financial Advisor Salary

0 - 5 years exp. (4 salaries)
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₹2 L/yr - ₹5 L/yr

arrow icon 15% less
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Aditya Birla Sun Life Insurance Financial Advisor Salary

2 - 4 years exp. (3 salaries)
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₹1.1 L/yr - ₹4.1 L/yr

arrow icon 24% less
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PolicyBazaar Financial Advisor Salary

0 - 6 years exp. (51 salaries)
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₹2 L/yr - ₹4.5 L/yr

arrow icon 7% less
Financial Advisor salary at Kotak Mahindara Life Insurance ranges between ₹2.4 Lakhs to ₹5.5 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

1mo ago
₹3.5 Lakhs
1 year exp.
3mo ago
₹5.3 Lakhs
6 years exp.
1y ago
₹2.4 Lakhs
6 years exp.
1y ago
₹5.5 Lakhs
5 years exp.

Experience wise Kotak Mahindara Life Insurance Financial Advisor salaries in New Delhi

Last Updated: 2 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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

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₹3.2 L/yr - ₹4.1 L/yr
3 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.4 L/yr
4 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
5 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.9 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Management Trainee Salary
(25 salaries)
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₹3.05 L/yr - ₹6 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
1w (edited)
an inside sales executive
Unexpected job policies: stay or switch?
I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?
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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 New Delhi?
The average salary of a Financial Advisor at Kotak Mahindara Life Insurance in New Delhi typically ranges from ₹2.4 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Financial Advisor in New Delhi at Kotak Mahindara Life Insurance earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 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 5 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Financial Advisor at Kotak Mahindara Life Insurance in New Delhi?
The estimated take-home salary of a Financial Advisor at Kotak Mahindara Life Insurance in New Delhi typically ranges from ₹28,047 to ₹29,440 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 1 year to 6 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 5 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 Financial Advisor in India?
ICICI Prudential Life Insurance ₹2.4 Lakhs to ₹6.0 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 Financial Advisor in companies similar to Kotak Mahindara Life Insurance in New Delhi?
The salary of a Financial Advisor at companies similar to Kotak Mahindara Life Insurance in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

PolicyBazaar ₹2.0 Lakhs to ₹4.5 Lakhs per year
Axis Max Life Insurance ₹1.4 Lakhs to ₹4.8 Lakhs per year
HDFC Life ₹2.0 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹1.1 Lakhs to ₹4.1 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 New Delhi?
The salary growth for a Financial Advisor at Kotak Mahindara Life Insurance in New Delhi depends on factors such as experience, performance, and promotions. On average, a Financial Advisor in New Delhi can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
1 year ₹3.1 Lakhs to ₹3.9 Lakhs per year
2 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
3 years ₹3.4 Lakhs to ₹4.4 Lakhs per year
4 years ₹3.6 Lakhs to ₹4.6 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Financial Advisor salary in New Delhi ranges between ₹2.4 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.