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Kotak Mahindara Life Insurance Key Relationship Manager salaries in Ahmedabad

Annual salary range
0 - 3 years exp.
₹2.5 Lakhs - ₹3.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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36% less than the average Key Relationship Manager Salary in Insurance Companies for 0 - 3 years of experience

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Salaries in different departments

Sales & Business Development
Key Relationship Manager Salary
0 - 3 years exp. (6 salaries)
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₹2.5 L/yr - ₹3.8 L/yr

Customer Success, Service & Operations
Key Relationship Manager Salary
1 year exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.5 L/yr

Last Updated: 16 Mar 2023

Companies similar to Kotak Mahindara Life Insurance for Key Relationship Manager in Ahmedabad

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Kotak Mahindara Life Insurance Key Relationship Manager Salary

0 - 3 years exp. (9 salaries)

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₹2.5 L/yr - ₹3.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹4 L/yr - ₹6 L/yr

arrow icon 71% more
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₹4 L/yr - ₹4.8 L/yr

arrow icon 43% more
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IIFL Finance Key Relationship Manager Salary

1 - 6 years exp. (4 salaries)

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₹1.8 L/yr - ₹3.8 L/yr

arrow icon 17% less
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₹4.5 L/yr - ₹6.5 L/yr

arrow icon 85% more
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ICICI Direct Key Relationship Manager Salary

1 - 2 years exp. (3 salaries)

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₹4.2 L/yr - ₹4.5 L/yr

arrow icon 43% more
Key Relationship Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.5 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Key Relationship Manager salaries in Ahmedabad

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
Fresher  (4 salaries)

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₹2.5 L/yr - ₹5.6 L/yr
1 year  (3 salaries)

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₹3 L/yr - ₹3.8 L/yr
2 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
3 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹2.7 L/yr - ₹4 L/yr
Branch Manager Salary
(5 salaries)
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₹6.5 L/yr - ₹9.9 L/yr
Area Manager Salary
(4 salaries)
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₹6 L/yr - ₹10.08 L/yr
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₹4.8 L/yr - ₹13 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

5.0

Rated by 1 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.

  • 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

 · 

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

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  • Skill development - Poor
  • +4 more

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..

  • Salary - Bad
  • +6 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

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.

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 in Ahmedabad?
The average salary of a Key Relationship Manager at Kotak Mahindara Life Insurance in Ahmedabad typically ranges from ₹2.5 Lakhs to ₹3.8 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Key Relationship Manager in Ahmedabad at Kotak Mahindara Life Insurance earn more than ₹3.7 Lakhs per year, and the top 1% earn over ₹3.8 Lakhs per year. Key Relationship 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 9 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Key Relationship Manager at Kotak Mahindara Life Insurance in Ahmedabad?
The estimated take-home salary of a Key Relationship Manager at Kotak Mahindara Life Insurance in Ahmedabad typically ranges from ₹22,387 to ₹23,864 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.8 Lakhs per year for employees with experience ranging from Fresher to 3 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 9 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 Key Relationship Manager at Kotak Mahindara Life Insurance in Ahmedabad?
To be a Key Relationship Manager at Kotak Mahindara Life Insurance in Ahmedabad, the key skills required include:

  • - Relationship
  • - Life Insurance
  • - Direct Sales
  • - Sales
  • - Corporate

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 Key Relationship Manager in India?
Aditya Birla Health Insurance Co ₹4.5 Lakhs to ₹6.5 Lakhs per year
ICICI Prudential Life Insurance ₹4.0 Lakhs to ₹6.0 Lakhs per year
ICICI Securities ₹4.0 Lakhs to ₹4.8 Lakhs per year
ICICI Direct ₹4.2 Lakhs to ₹4.5 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 Key Relationship Manager in companies similar to Kotak Mahindara Life Insurance in Ahmedabad?
The salary of a Key Relationship Manager at companies similar to Kotak Mahindara Life Insurance in Ahmedabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

IIFL Finance ₹1.8 Lakhs to ₹3.8 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 Key Relationship Manager at Kotak Mahindara Life Insurance in Ahmedabad?
The salary growth for a Key Relationship Manager at Kotak Mahindara Life Insurance in Ahmedabad depends on factors such as experience, performance, and promotions. On average, a Key Relationship Manager in Ahmedabad can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹2.5 Lakhs to ₹5.6 Lakhs per year
1 year ₹3.0 Lakhs to ₹3.8 Lakhs per year
2 years ₹2.8 Lakhs to ₹3.6 Lakhs per year
3 years ₹2.8 Lakhs to ₹3.6 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Key Relationship Manager salary in Ahmedabad ranges between ₹2.5 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.