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Kotak Mahindara Life Insurance Graduate Trainee salaries in Mumbai

Annual salary range
0 - 1 year exp.
₹1.8 Lakh - ₹5.3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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At par with the average Graduate Trainee Salary in Insurance Companies for 0 - 1 year of experience

Interested in this particular role?

Salaries in different departments

Engineering - Software & QA
Graduate Trainee Salary
Fresher (3 salaries)
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₹3.9 L/yr - ₹5.3 L/yr

BFSI, Investments & Trading
Graduate Trainee Salary
Fresher (AmbitionBox Estimate)
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₹2.6 L/yr - ₹3.5 L/yr

Customer Success, Service & Operations
Graduate Trainee Salary
Fresher (AmbitionBox Estimate)
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₹1.8 L/yr - ₹3.4 L/yr

Last Updated: 19 Mar 2024

Companies similar to Kotak Mahindara Life Insurance for Graduate Trainee in Mumbai

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Kotak Mahindara Life Insurance Graduate Trainee Salary

0 - 1 year exp. (8 salaries)

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₹1.8 L/yr - ₹5.3 L/yr

vs
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HDFC Life Graduate Trainee Salary

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₹2.8 L/yr - ₹5 L/yr

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₹1.6 L/yr - ₹3 L/yr

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Mahindra & Mahindra Graduate Trainee Salary

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₹2.9 L/yr - ₹5 L/yr

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JSW Steel Graduate Trainee Salary

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₹5.5 L/yr - ₹7.6 L/yr

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Graduate Trainee salary at Kotak Mahindara Life Insurance ranges between ₹1.8 Lakh to ₹5.3 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Graduate Trainee in Mumbai

1y ago
₹2 Lakhs
2 months exp.
1y ago
₹5.3 Lakhs
7 months exp.
1y ago
₹5.3 Lakhs
2 months exp.
1y ago
₹5 Lakhs
2 months exp.
1y ago
₹5.2 Lakhs
3 months exp.

Experience wise Kotak Mahindara Life Insurance Graduate Trainee salaries in Mumbai

Last Updated: 19 Mar 2024

Experience Avg Annual Salary
Fresher  (7 salaries)

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₹1.8 L/yr - ₹5.3 L/yr
1 year (AmbitionBox Estimate)

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₹3.1 L/yr - ₹4 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(434 salaries)
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₹2.25 L/yr - ₹5.74 L/yr
Officer Salary
(4 salaries)
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₹3 L/yr - ₹3.64 L/yr

Top skills at Kotak Mahindara Life Insurance for Graduate Trainee

Sales Field Work Field Sales Team Handling Life Insurance Customer Service bengali Relationship Management Jasper Reports Android malayalam Back Office Kannada Inward Organizational Management

Salary related reviews for Kotak Mahindara Life Insurance

3.4

Rated by 2 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 Graduate Trainee Salary FAQs

What is the salary of Graduate Trainee at Kotak Mahindara Life Insurance in Mumbai?
The average salary of a Graduate Trainee at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹1.8 Lakhs to ₹5.3 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Graduate Trainee in Mumbai at Kotak Mahindara Life Insurance earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. Graduate Trainee 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 8 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Graduate Trainee at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Graduate Trainee at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹25,143 to ₹26,580 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 8 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 Graduate Trainee at Kotak Mahindara Life Insurance in Mumbai?
To be a Graduate Trainee at Kotak Mahindara Life Insurance in Mumbai, the key skills required include:

  • - Sales
  • - Field Work
  • - Field Sales
  • - Team Handling
  • - Life Insurance

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 Graduate Trainee in India?
JSW Steel ₹5.5 Lakhs to ₹7.6 Lakhs per year
Larsen & Toubro Limited ₹5.0 Lakhs to ₹7.0 Lakhs per year
Mahindra & Mahindra ₹2.9 Lakhs to ₹5.0 Lakhs per year
HDFC Life ₹2.8 Lakhs to ₹5.0 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 Graduate Trainee in companies similar to Kotak Mahindara Life Insurance in Mumbai?
The salary of a Graduate Trainee 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:

TCS ₹1.6 Lakhs to ₹3.0 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 Graduate Trainee at Kotak Mahindara Life Insurance in Mumbai?
The salary growth for a Graduate Trainee at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Graduate Trainee in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹1.8 Lakhs to ₹5.3 Lakhs per year
1 year ₹3.1 Lakhs to ₹4.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Graduate Trainee salary in Mumbai ranges between ₹1.8 Lakh to ₹5.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.