Kotak Mahindara Life Insurance Insurance Sales Manager Salaries by 7 Employees

0 - 7 years exp.

₹2.2 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

7% more than the average Insurance Sales Manager Salary in Insurance Companies for 0 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Sales Manager Salary 0 - 5 years exp. (3 salaries)	₹2.6 L/yr - ₹3.5 L/yr
Marketing & Communication Insurance Sales Manager Salary 1 year exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.4 L/yr
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Sales & Business Development Insurance Sales Manager Salary 7 years exp. (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.4 L/yr

Last Updated: 24 Jul 2024

Companies similar to Kotak Mahindara Life Insurance for Insurance Sales Manager

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Insurance Sales Manager Salary 1 - 8 years exp. (27 salaries)	₹3.5 L/yr - ₹6.4 L/yr 37% more
HDFC Life Insurance Sales Manager Salary 1 - 12 years exp. (26 salaries)	₹1.5 L/yr - ₹5.8 L/yr 16% less
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ICICI Prudential Life Insurance Insurance Sales Manager Salary 1 - 5 years exp. (12 salaries)	₹2.5 L/yr - ₹3.5 L/yr 22% less
Axis Max Life Insurance Insurance Sales Manager Salary 2 - 6 years exp. (10 salaries)	₹2.6 L/yr - ₹4 L/yr 19% less
Bajaj Allianz Life Insurance Insurance Sales Manager Salary 3 - 10 years exp. (9 salaries)	₹1.8 L/yr - ₹5.1 L/yr 2% less
Reliance Nippon Life Insurance Insurance Sales Manager Salary 1 - 7 years exp. (7 salaries)	₹2.2 L/yr - ₹3 L/yr 35% less
Aditya Birla Sun Life Insurance Insurance Sales Manager Salary 1 - 5 years exp. (6 salaries)	₹2.1 L/yr - ₹3.5 L/yr 28% less
SBI Life Insurance Company Insurance Sales Manager Salary 3 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹3.5 L/yr 18% less
Star Health & Allied Insurance Insurance Sales Manager Salary 2 - 8 years exp. (5 salaries)	₹1.7 L/yr - ₹3 L/yr 38% less
ICICI Lombard General Insurance Company Insurance Sales Manager Salary 6 - 8 years exp. (4 salaries)	₹3.1 L/yr - ₹7.4 L/yr 21% more
HDFC Ergo General Insurance Insurance Sales Manager Salary 4 - 6 years exp. (4 salaries)	₹2.7 L/yr - ₹4.6 L/yr 7% less
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Shriram Life Insurance Insurance Sales Manager Salary 3 - 10 years exp. (3 salaries)	₹2.2 L/yr - ₹2.8 L/yr 37% less
The Oriental Insurance Co. Insurance Sales Manager Salary 2 - 10 years exp. (3 salaries)	₹3 L/yr - ₹4.4 L/yr 10% less

Insurance Sales Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.2 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Insurance Sales Manager salaries

Last Updated: 24 Jul 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.8 L/yr
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2 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
6 years (AmbitionBox Estimate)	₹4 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr

View all

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Top skills at Kotak Mahindara Life Insurance for Insurance Sales Manager

Tied Channel Life Insurance agency development Agent Recruitment Agency Channel Sales Agency Sales Motor Insurance

Salary related reviews for Kotak Mahindara Life Insurance

Recruitment Development Manager in Kalyan / Dombivli

Full Time

Other Department

5.0

• posted on 27 Jun 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 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

Assistant Manager Branch Operations in Guwahati

Customer Success, Service & Operations Department

5.0

• posted on 29 Jul 2020

5.0

for Salary and Benefits

Likes

Kotak life as a company for me it is very supportive I am very satisfied with work culture also I found growth and opportunity in Future, Job security. I am always thankful to my exteem organization kotak life.

Salary - Excellent

+6 more

Dislikes

Nothing as such...but salary is decent in our department.

Recruitment Development Manager in Vadodara

Marketing & Communication Department

4.0

• posted on 10 Dec 2017

1.0

for Salary and Benefits

Likes

Training support is best. Knowledge update program good

Skill development - Excellent

Dislikes

...pior have to increase intelligence level. Man management skill want to improve. Need Good professional but with cheaper salary. Not justify with quality

Salary - Bad

+1 more

Recruitment Development Manager in Hisar

RECRUITMENT AND DEVELOPEMENT MANAGER Department

3.0

• posted on 27 Mar 2018

2.0

for Salary and Benefits

Likes

IN KOTAK LIFE TRAINING FOR MANAGERS IS VERY GOOD.

Skill development - Good

+1 more

Dislikes

SALARY PACKAGES ARE VERY LOW AND NO CAREER GROWTH BECAUSE THE CAREER EXPRESS TARGETS ARE MENTIONED WITH " * ". THERE IS NO PHONE BILL REMB. OR NO TRAVEL ALLOUNCE.

Salary - Poor

+1 more

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Kotak Mahindara Life Insurance Insurance Sales Manager Salary FAQs

What is the salary of Insurance Sales Manager at Kotak Mahindara Life Insurance ?

The average salary of a Insurance Sales Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹2.2 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Insurance Sales Manager at Kotak Mahindara Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Insurance Sales Manager 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 7 Kotak Mahindara Life Insurance employees in India.

What is the estimated take home salary of a Insurance Sales Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Insurance Sales Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹28,181 to ₹29,572 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 7 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 Insurance Sales Manager at Kotak Mahindara Life Insurance ?

To be a Insurance Sales Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

- Tied Channel
- Life Insurance
- agency development
- Agent Recruitment
- Agency Channel

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 Insurance Sales Manager in India?

Tata AIA Life Insurance	₹3.5 Lakhs to ₹6.4 Lakhs per year
ICICI Lombard General Insurance Company	₹3.1 Lakhs to ₹7.4 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 Insurance Sales Manager in companies similar to Kotak Mahindara Life Insurance in India?

The salary of a Insurance Sales Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance	₹1.8 Lakhs to ₹5.1 Lakhs per year
HDFC Ergo General Insurance	₹2.7 Lakhs to ₹4.6 Lakhs per year
The Oriental Insurance Co.	₹3.0 Lakhs to ₹4.4 Lakhs per year
HDFC Life	₹1.5 Lakhs to ₹5.8 Lakhs per year
SBI Life Insurance Company	₹2.3 Lakhs to ₹3.5 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 Insurance Sales Manager at Kotak Mahindara Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.7 Lakhs to ₹3.5 Lakhs per year
1 year	₹2.9 Lakhs to ₹3.8 Lakhs per year
2 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
3 years	₹3.3 Lakhs to ₹4.3 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Insurance Sales Manager Salaries

Kotak Mahindara Life Insurance Insurance Sales Manager salary in India ranges between ₹2.2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.