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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
3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Insurance Agent salaries in India

Annual salary range
0 - 2 years exp.
₹0.6 Lakh - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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24% more than the average Insurance Agent Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Insurance Agent Salary
1 year exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Finance & Accounting
Insurance Agent Salary
Fresher (AmbitionBox Estimate)
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₹0.5 L/yr - ₹0.7 L/yr

Last Updated: 17 Jan 2024

Companies similar to Kotak Mahindara Life Insurance for Insurance Agent

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HDFC Life Insurance Agent Salary

0 - 1 year exp. (4 salaries)

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₹1.8 L/yr - ₹3 L/yr

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₹1.2 L/yr - ₹3 L/yr

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₹1.2 L/yr - ₹6.5 L/yr

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PNB MetLife Insurance Agent Salary

0 - 1 year exp. (4 salaries)

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₹1 L/yr - ₹3.6 L/yr

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₹0.6 L/yr - ₹5 L/yr

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₹2 L/yr - ₹3 L/yr

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₹1.2 L/yr - ₹3.5 L/yr

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₹2.4 L/yr - ₹3.5 L/yr

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₹1 L/yr - ₹1.8 L/yr

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₹1.1 L/yr - ₹2.5 L/yr

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Shriram Life Insurance Insurance Agent Salary

2 - 12 years exp. (3 salaries)

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₹1 L/yr - ₹2.8 L/yr

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SBI General Insurance Insurance Agent Salary

0 - 3 years exp. (3 salaries)

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₹1.6 L/yr - ₹2.2 L/yr

arrow icon 34% less
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Care Health Insurance Insurance Agent Salary

1 - 4 years exp. (3 salaries)

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₹2 L/yr - ₹6 L/yr

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Insurance Agent salary at Kotak Mahindara Life Insurance ranges between ₹0.6 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Insurance Agent

11mo ago
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1 year exp.
1y ago
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2 months exp.
1y ago
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2 years exp.

Experience wise Kotak Mahindara Life Insurance Insurance Agent salaries

Last Updated: 17 Jan 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹0.5 L/yr - ₹0.7 L/yr
1 year (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹1.3 L/yr - ₹2.95 L/yr
LIC Agent Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
Agent Salary
(8 salaries)
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₹1 L/yr - ₹2.07 L/yr
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₹1 L/yr - ₹5.5 L/yr
Deputy Manager Salary
(938 salaries)
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₹2 L/yr - ₹5.69 L/yr
Sales Manager Salary
(528 salaries)
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₹1.65 L/yr - ₹6.28 L/yr
Supervisor Salary
(6 salaries)
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₹1.4 L/yr - ₹5 L/yr
Sales Executive Salary
(34 salaries)
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₹1.05 L/yr - ₹5 L/yr
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₹2.8 L/yr - ₹3.51 L/yr
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₹1 L/yr - ₹6.7 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.0

Rated by 2 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

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."

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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..

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Dislikes

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

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

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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.

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Dislikes

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

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Insurance Department

4.0
  •  posted on 11 Apr 2021

4.0
 for  Salary and Benefits

Likes

Skill development learning,work life balance,compensation and benefits,company culture is good,career growth is there,employee behaviour is good,fast growth in business along with career goal setting,promotion achievement etc

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Dislikes

Too much work pressure while doing job, target setting along with achievement is very much important,job security depends upon the performane of it,lots of politics occurs in the management .

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Kotak Mahindara Life Insurance Insurance Agent Salary FAQs

What is the notice period for Insurance Agent at Kotak Mahindara Life Insurance?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Insurance Agents reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Insurance Agent salary in India ranges between ₹0.6 Lakh to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 3 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.