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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Life Insurance Advisor salaries in India

Annual salary range
2 - 10 years exp.
₹1 Lakh - ₹5.5 Lakhs
Salary of majority employees
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At par with the average Life Insurance Advisor Salary in Insurance Companies for 2 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Life Insurance Advisor Salary
2 - 10 years exp. (4 salaries)
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₹2.2 L/yr - ₹5 L/yr

Finance & Accounting
Life Insurance Advisor Salary
4 - 7 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹4.8 L/yr

Human Resources
Life Insurance Advisor Salary
2 - 4 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.4 L/yr

Customer Success, Service & Operations
Life Insurance Advisor Salary
3 years exp. (AmbitionBox Estimate)
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₹2.6 L/yr - ₹3.3 L/yr

Production, Manufacturing & Engineering
Life Insurance Advisor Salary
3 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹4.3 L/yr

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Last Updated: 18 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Life Insurance Advisor

Company name Avg Annual Salary Open Jobs
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₹1.2 L/yr - ₹5.4 L/yr

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HDFC Life Life Insurance Advisor Salary

0 - 6 years exp. (19 salaries)

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₹1.5 L/yr - ₹6 L/yr

arrow icon 11% more
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₹1 L/yr - ₹4 L/yr

arrow icon 3% less
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₹1.2 L/yr - ₹5 L/yr

arrow icon 11% less
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₹1 L/yr - ₹4.3 L/yr

At par
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₹1.2 L/yr - ₹6 L/yr

arrow icon 5% more
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₹2.2 L/yr - ₹3.2 L/yr

arrow icon 3% more
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₹1 L/yr - ₹3 L/yr

arrow icon 13% less
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PNB MetLife Life Insurance Advisor Salary

0 - 4 years exp. (9 salaries)

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₹1.2 L/yr - ₹3.8 L/yr

arrow icon 14% less
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₹1.2 L/yr - ₹5.1 L/yr

arrow icon 3% less
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₹1.3 L/yr - ₹3 L/yr

arrow icon 31% less
Life Insurance Advisor salary at Kotak Mahindara Life Insurance ranges between ₹1 Lakh to ₹5.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Life Insurance Advisor

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6 years exp.
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Experience wise Kotak Mahindara Life Insurance Life Insurance Advisor salaries

Last Updated: 18 Dec 2024

Experience Avg Annual Salary
2 years  (5 salaries)

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₹1 L/yr - ₹3.5 L/yr
3 years  (4 salaries)

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₹2.3 L/yr - ₹4.3 L/yr
4 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
6 years (AmbitionBox Estimate)

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₹2.4 L/yr - ₹5.5 L/yr
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Similar Designation salaries in Kotak Mahindara Life Insurance

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₹1 L/yr - ₹6.7 L/yr
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₹1.3 L/yr - ₹2.95 L/yr
Supervisor Salary
(6 salaries)
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₹1.4 L/yr - ₹5 L/yr
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₹1.1 L/yr - ₹2.25 L/yr
Sales Officer Salary
(8 salaries)
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₹1.5 L/yr - ₹5.5 L/yr
Sales Manager Salary
(532 salaries)
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₹1.65 L/yr - ₹6.28 L/yr
Sales Executive Salary
(35 salaries)
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₹0.8 L/yr - ₹4.55 L/yr
LIC Agent Salary
(AmbitionBox Estimate)
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₹0.2 L/yr - ₹0.2 L/yr
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₹2.15 L/yr - ₹5 L/yr
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₹2.8 L/yr - ₹3.51 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.3

Rated by 14 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

read more

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 .

read more
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Kotak Mahindara Life Insurance Life Insurance Advisor Salary FAQs

What is the salary of Life Insurance Advisor at Kotak Mahindara Life Insurance?
Life Insurance Advisor salary at Kotak Mahindara Life Insurance in India ranges between ₹1.0 Lakhs to ₹5.5 Lakhs for experience between 2 years to 10 years. According to our estimates it is 2% more than the average Life Insurance Advisor Salary in India. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Life Insurance Advisor at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Life Insurance Advisor at Kotak Mahindara Life Insurance is 2% more than the average salary of a Life Insurance Advisor in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Life Insurance Advisor in India?
  • HDFC Life Life Insurance Advisor Salary - ₹1.5 Lakhs to ₹6.0 Lakhs per year
  • Reliance Nippon Life Insurance Life Insurance Advisor Salary - ₹1.2 Lakhs to ₹6.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Life Insurance Advisor Salary - ₹2.2 Lakhs to ₹3.2 Lakhs per year
  • ICICI Prudential Life Insurance Life Insurance Advisor Salary - ₹1.2 Lakhs to ₹5.4 Lakhs per year
What is the salary of a Life Insurance Advisor in companies similar to Kotak Mahindara Life Insurance in India?
  • Bajaj Allianz Life Insurance Life Insurance Advisor Salary - ₹1.0 Lakhs to ₹4.3 Lakhs per year
  • Life Insurance Corporation of India Life Insurance Advisor Salary - ₹1.2 Lakhs to ₹5.1 Lakhs per year
  • SBI Life Insurance Company Life Insurance Advisor Salary - ₹1.0 Lakhs to ₹4.0 Lakhs per year
  • Max Life Insurance Life Insurance Advisor Salary - ₹1.2 Lakhs to ₹5.0 Lakhs per year
  • Tata AIA Life Insurance Life Insurance Advisor Salary - ₹1.0 Lakhs to ₹3.0 Lakhs per year
What is the estimated take home salary of a Life Insurance Advisor at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Life Insurance Advisor at Kotak Mahindara Life Insurance ranges between ₹21,093 per month to ₹22,740 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Life Insurance Advisor salary in India which ranges between ₹1.0 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?
What is the notice period for Life Insurance Advisor at Kotak Mahindara Life Insurance?
According to AmbitionBox, 68% of the Kotak Mahindara Life Insurance Life Insurance Advisors reported a notice period of 15 days or less, 16% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 38 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Life Insurance Advisor salary in India ranges between ₹1 Lakh to ₹5.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 17 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.