Kotak Mahindara Life Insurance Financial Associate Salaries by 3 Employees

1 - 10 years exp.

₹1.8 Lakh - ₹3.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

44% less than the average Financial Associate Salary in Insurance Companies for 1 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Financial Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Finance & Accounting Financial Associate Salary 6 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr

Last Updated: 11 Mar 2023

Companies similar to Kotak Mahindara Life Insurance for Financial Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Financial Associate Salary 0 - 6 years exp. (23 salaries)	₹2.5 L/yr - ₹4 L/yr 25% more
XL Catlin Financial Associate Salary 2 - 6 years exp. (13 salaries)	₹4.6 L/yr - ₹6.7 L/yr 94% more
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Gallagher Financial Associate Salary 0 - 1 year exp. (5 salaries)	₹2.2 L/yr - ₹3.4 L/yr 5% less
HDFC Life Financial Associate Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹4.2 L/yr 18% more
Swiss Re Financial Associate Salary 5 - 8 years exp. (4 salaries)	₹13 L/yr - ₹20 L/yr 546% more
AIG Financial Associate Salary 2 - 5 years exp. (3 salaries)	₹4 L/yr - ₹5.2 L/yr 65% more

Financial Associate salary at Kotak Mahindara Life Insurance ranges between ₹1.8 Lakh to ₹3.2 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Financial Associate salaries

Last Updated: 11 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
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10 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Senior Associate Salary

(4 salaries)

₹2.8 L/yr - ₹3.51 L/yr

Financial Analyst Salary

(AmbitionBox Estimate)

₹4.4 L/yr - ₹5.6 L/yr

Process Associate Salary

(5 salaries)

₹1.8 L/yr - ₹4 L/yr

Finance Executive Salary

(6 salaries)

₹1.8 L/yr - ₹3 L/yr

Analyst Salary

(4 salaries)

₹2.6 L/yr - ₹15.8 L/yr

Account Assistant Salary

(9 salaries)

₹1.5 L/yr - ₹3 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹4.9 L/yr - ₹6.2 L/yr

Management Trainee Salary

(192 salaries)

₹2.7 L/yr - ₹6.33 L/yr

Team Lead Salary

(34 salaries)

₹1.2 L/yr - ₹6.95 L/yr

Accountant Salary

(4 salaries)

₹1.44 L/yr - ₹5.15 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 17 Feb 2023

1.0

for Salary and Benefits

Likes

... here 2yrs and they continue lied to me and us.. They have comission based job.. they will never give you any kind of salary..

Dislikes

I like nothing about them.. I m with my word..

Salary - Bad

+6 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

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.

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

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

see more salary related reviews

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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 Associate Salary FAQs

How the salary growth look like for a Financial Associate at Kotak Mahindara Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
6 years	₹1.6 Lakhs to ₹2.1 Lakhs per year
10 years	₹2.8 Lakhs to ₹3.6 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Financial Associate Salaries

Kotak Mahindara Life Insurance Financial Associate salary in India ranges between ₹1.8 Lakh to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Financial Associate salaries in India

Companies similar to Kotak Mahindara Life Insurance for Financial Associate

Latest annual salaries shared by Kotak Mahindara Life Insurance Financial Associate

Experience wise Kotak Mahindara Life Insurance Financial Associate salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Salary related reviews for Kotak Mahindara Life Insurance

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Deputy Manager in Thane

Management Trainee in Chhatisgarh

Deputy Manager in Mumbai

Kotak Mahindara Life Insurance Financial Associate Salary FAQs

Tell us how to improve this page.