Kotak Mahindara Life Insurance Key Relationship Manager Salaries by 30+ Employees (Updated 2025)

0 - 6 years exp.

₹2.5 Lakhs - ₹3.6 Lakhs

Salary of majority employees

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38% less than the average Key Relationship Manager Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

Sales & Business Development Key Relationship Manager Salary 0 - 6 years exp. (11 salaries)	Unlock ₹2.5 L/yr - ₹3.1 L/yr
BFSI, Investments & Trading Key Relationship Manager Salary 0 - 5 years exp. (7 salaries)	Unlock ₹2.5 L/yr - ₹3.5 L/yr
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Finance & Accounting Key Relationship Manager Salary 0 - 1 year exp. (3 salaries)	Unlock ₹3 L/yr - ₹3.5 L/yr
Customer Success, Service & Operations Key Relationship Manager Salary 1 - 4 years exp. (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹3.5 L/yr
Engineering - Software & QA Key Relationship Manager Salary 0 - 1 year exp. (AmbitionBox Estimate)	Unlock ₹3 L/yr - ₹3 L/yr

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Last Updated: 20 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Key Relationship Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Key Relationship Manager Salary 1 - 9 years exp. (419 salaries)	Unlock ₹4 L/yr - ₹6.3 L/yr 77% more
HDFC Life Key Relationship Manager Salary 3 - 11 years exp. (49 salaries)	Unlock ₹3.6 L/yr - ₹6.3 L/yr 78% more
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Max Life Insurance Key Relationship Manager Salary 2 - 3 years exp. (4 salaries)	Unlock ₹2.5 L/yr - ₹4 L/yr 20% more
Bajaj Allianz Life Insurance Key Relationship Manager Salary 1 - 9 years exp. (193 salaries)	Unlock ₹3.2 L/yr - ₹4.5 L/yr 36% more
Reliance Nippon Life Insurance Key Relationship Manager Salary 0 - 6 years exp. (143 salaries)	Unlock ₹1.6 L/yr - ₹3.8 L/yr 18% less
Tata AIA Life Insurance Key Relationship Manager Salary 1 - 7 years exp. (39 salaries)	Unlock ₹3.5 L/yr - ₹6.8 L/yr 74% more
ICICI Lombard General Insurance Company Key Relationship Manager Salary 1 - 8 years exp. (11 salaries)	Unlock ₹4.2 L/yr - ₹5.9 L/yr 58% more

Key Relationship Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.5 Lakhs to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 31 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Key Relationship Manager

3d ago

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3 years exp.

4mo ago

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1 year exp.

5mo ago

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6 years exp.

8mo ago

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1 year exp.

10mo ago

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5 years exp.

1y ago

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1 year exp.

1y ago

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2 years exp.

1y ago

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1 year exp.

1y ago

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4 years exp.

1y ago

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1 year exp.

Experience wise Kotak Mahindara Life Insurance Key Relationship Manager salaries

Last Updated: 20 Feb 2025

Experience	Avg Annual Salary
Fresher (9 salaries)	Unlock ₹2.5 L/yr - ₹3.2 L/yr
1 year (8 salaries)	Unlock ₹1.2 L/yr - ₹3.6 L/yr
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2 years (3 salaries)	Unlock ₹2.8 L/yr - ₹3.1 L/yr
3 years (5 salaries)	Unlock ₹2.5 L/yr - ₹3.5 L/yr
4 years (3 salaries)	Unlock ₹2.5 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹5.3 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.6 L/yr - ₹5.4 L/yr

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Similar Designation salaries in Kotak Mahindara Life Insurance

Relationship Manager Salary

(211 salaries)

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₹1.75 L/yr - ₹7 L/yr

Regional Manager Salary

(12 salaries)

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₹10.31 L/yr - ₹22 L/yr

Marketing Manager Salary

(5 salaries)

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₹3.5 L/yr - ₹7 L/yr

Branch Manager Salary

(201 salaries)

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₹4.5 L/yr - ₹13.5 L/yr

Area Sales Manager Salary

(8 salaries)

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₹3.5 L/yr - ₹8.4 L/yr

Area Business Manager Salary

(5 salaries)

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₹5.39 L/yr - ₹7.25 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.2 L/yr

Zonal Sales Manager Salary

(AmbitionBox Estimate)

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₹22.5 L/yr - ₹28.7 L/yr

Senior Sales Manager Salary

(60 salaries)

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₹3 L/yr - ₹6.77 L/yr

Area Manager Salary

(26 salaries)

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₹5.7 L/yr - ₹17.9 L/yr

Top skills at Kotak Mahindara Life Insurance for Key Relationship Manager

Relationship Life Insurance Direct Sales Sales Corporate Field Sales direct marketing banca sales Insurance Sales Agency Sales Agency Channel

Salary related reviews for Kotak Mahindara Life Insurance

4.2

Rated by 9 employees for salary & benefits

Sales Manager in Mumbai

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."

Salary - Bad

+2 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

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

Senior Sales Manager in New Delhi

Sales Department

5.0

• posted on 06 May 2021

4.0

for Salary and Benefits

Likes

Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.

Salary - Good

+5 more

Dislikes

Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Kotak Mahindara Life Insurance Key Relationship Manager Salary FAQs

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

Key Relationship Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹2.5 Lakhs to ₹3.6 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 38% less than the average Key Relationship Manager Salary in India. Salary estimates are based on 31 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Key Relationship Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Key Relationship Manager at Kotak Mahindara Life Insurance is 38% less than the average salary of a Key Relationship Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Key Relationship Manager at Kotak Mahindara Life Insurance?

Relationship, Life Insurance, Direct Sales, Sales and Corporate are some of the popular skills required to work as a Key Relationship Manager at Kotak Mahindara Life Insurance India.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Key Relationship Manager in India?

HDFC Life Key Relationship Manager Salary - ₹3.6 Lakhs to ₹6.3 Lakhs per year
ICICI Prudential Life Insurance Key Relationship Manager Salary - ₹4.0 Lakhs to ₹6.3 Lakhs per year
Tata AIA Life Insurance Key Relationship Manager Salary - ₹3.5 Lakhs to ₹6.8 Lakhs per year
ICICI Lombard General Insurance Company Key Relationship Manager Salary - ₹4.2 Lakhs to ₹5.9 Lakhs per year
Bajaj Allianz Life Insurance Key Relationship Manager Salary - ₹3.2 Lakhs to ₹4.5 Lakhs per year

What is the salary of a Key Relationship Manager in companies similar to Kotak Mahindara Life Insurance in India?

Max Life Insurance Key Relationship Manager Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
Reliance Nippon Life Insurance Key Relationship Manager Salary - ₹1.6 Lakhs to ₹3.8 Lakhs per year

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

The estimated take-home salary of a Key Relationship Manager at Kotak Mahindara Life Insurance ranges between ₹21,174 per month to ₹22,820 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Key Relationship Manager salary in India which ranges between ₹2.5 Lakhs to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Key Relationship Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 43% of the Kotak Mahindara Life Insurance Key Relationship Managers reported a notice period of 15 days or less, 43% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Key Relationship Manager Salaries by Location

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Kotak Mahindara Life Insurance Key Relationship Manager Salaries

Kotak Mahindara Life Insurance Key Relationship Manager salary in India ranges between ₹2.5 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 31 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

Kotak Mahindara Life Insurance Key Relationship Manager salaries in India (Updated 2025)

Companies similar to Kotak Mahindara Life Insurance for Key Relationship Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Key Relationship Manager

Experience wise Kotak Mahindara Life Insurance Key Relationship Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Key Relationship Manager

Salary related reviews for Kotak Mahindara Life Insurance

Sales Manager in Mumbai

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Deputy Manager in Thane

Senior Sales Manager in New Delhi

Kotak Mahindara Life Insurance Key Relationship Manager Salary FAQs

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Kotak Mahindara Life Insurance Key Relationship Manager Salaries by Location