Upload Button Icon Add office photos
Engaged Employer

i

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

filter salariesFilter salaries by

Kotak Mahindara Life Insurance Life Insurance Agent salaries in India

Annual salary range
0 - 3 years exp.
₹1 Lakh - ₹4 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
unlock blur
unlock blur

6% less than the average Life Insurance Agent Salary in Insurance Companies for 0 - 3 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Life Insurance Agent Salary
1 - 2 years exp. (3 salaries)
unlock-blur

₹1 L/yr - ₹3.1 L/yr

Human Resources
Life Insurance Agent Salary
Fresher (AmbitionBox Estimate)
unlock-blur

₹2.7 L/yr - ₹3.3 L/yr

Administration & Facilities
Life Insurance Agent Salary
3 years exp. (AmbitionBox Estimate)
unlock-blur

₹3.6 L/yr - ₹4.4 L/yr

Last Updated: 16 Mar 2023

Companies similar to Kotak Mahindara Life Insurance for Life Insurance Agent

Company name Avg Annual Salary Open Jobs
Logo
HDFC Life Life Insurance Agent Salary

0 - 5 years exp. (7 salaries)

unlock blur

₹2 L/yr - ₹3.9 L/yr

arrow icon 2% more
unlock blur

₹2 L/yr - ₹3 L/yr

arrow icon 8% less
unlock blur

₹2 L/yr - ₹4.5 L/yr

arrow icon 6% less
unlock blur

₹2.5 L/yr - ₹3.5 L/yr

arrow icon 3% less
unlock blur

₹1 L/yr - ₹5 L/yr

arrow icon 18% less
unlock blur

₹3 L/yr - ₹3.8 L/yr

arrow icon 28% more
unlock blur

₹4 L/yr - ₹5.3 L/yr

arrow icon 64% more
Logo
PNB MetLife Life Insurance Agent Salary

0 - 2 years exp. (5 salaries)

unlock blur

₹0.6 L/yr - ₹4 L/yr

arrow icon 23% less
unlock blur

₹1 L/yr - ₹7.5 L/yr

arrow icon 17% more
1 job opening
unlock blur

₹1.5 L/yr - ₹4.2 L/yr

arrow icon 3% less
Life Insurance Agent salary at Kotak Mahindara Life Insurance ranges between ₹1 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

1y ago
avg blur mobile
1 year exp.
1y ago
avg blur mobile
3 years exp.
1y ago
avg blur mobile
2 years exp.
1y ago
avg blur mobile
2 months exp.
1y ago
avg blur mobile
1 year exp.

Experience wise Kotak Mahindara Life Insurance Life Insurance Agent salaries

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

unlock blur

₹1.2 L/yr - ₹3 L/yr
1 year (AmbitionBox Estimate)

unlock blur

₹1 L/yr - ₹4 L/yr
2 years (AmbitionBox Estimate)

unlock blur

₹1.2 L/yr - ₹3.1 L/yr
3 years (AmbitionBox Estimate)

unlock blur

₹1.5 L/yr - ₹4 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

unlock blur
₹1 L/yr - ₹5.5 L/yr
LIC Agent Salary
(AmbitionBox Estimate)
unlock blur
₹0.2 L/yr - ₹0.2 L/yr
unlock blur
₹1.3 L/yr - ₹2.95 L/yr
Sales Manager Salary
(528 salaries)
unlock blur
₹1.65 L/yr - ₹6.28 L/yr
Agent Salary
(8 salaries)
unlock blur
₹1 L/yr - ₹2.07 L/yr
Deputy Manager Salary
(938 salaries)
unlock blur
₹2 L/yr - ₹5.69 L/yr
Sales Executive Salary
(34 salaries)
unlock blur
₹1.05 L/yr - ₹5 L/yr
unlock blur
₹1.1 L/yr - ₹2.25 L/yr
unlock blur
₹2.8 L/yr - ₹3.51 L/yr
Supervisor Salary
(6 salaries)
unlock blur
₹1.4 L/yr - ₹5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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."

read 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..

read more

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

read more

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.

read more

Dislikes

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

read more

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
see more salary related reviews

Discover interview dos and don'ts from real experiences

Kotak Mahindara Life Insurance Life Insurance Agent Salary FAQs

What is the salary of Life Insurance Agent at Kotak Mahindara Life Insurance?
Life Insurance Agent salary at Kotak Mahindara Life Insurance in India ranges between ₹1.0 Lakhs to ₹4.0 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 6% less than the average Life Insurance Agent Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Life Insurance Agent at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Life Insurance Agent at Kotak Mahindara Life Insurance is 6% less than the average salary of a Life Insurance Agent 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 Agent in India?
  • Tata AIA Life Insurance Life Insurance Agent Salary - ₹4.0 Lakhs to ₹5.3 Lakhs per year
  • Aditya Birla Sun Life Insurance Life Insurance Agent Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year
  • Life Insurance Corporation of India Life Insurance Agent Salary - ₹1.0 Lakhs to ₹7.5 Lakhs per year
  • HDFC Life Life Insurance Agent Salary - ₹2.0 Lakhs to ₹3.9 Lakhs per year
What is the salary of a Life Insurance Agent in companies similar to Kotak Mahindara Life Insurance in India?
  • Bajaj Allianz Life Insurance Life Insurance Agent Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
  • Shriram Life Insurance Life Insurance Agent Salary - ₹1.5 Lakhs to ₹4.2 Lakhs per year
  • Max Life Insurance Life Insurance Agent Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year
  • SBI Life Insurance Company Life Insurance Agent Salary - ₹2.0 Lakhs to ₹3.0 Lakhs per year
  • Reliance Nippon Life Insurance Life Insurance Agent Salary - ₹1.0 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Life Insurance Agent at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Life Insurance Agent at Kotak Mahindara Life Insurance ranges between ₹18,180 per month to ₹19,870 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Life Insurance Agent salary in India which ranges between ₹1.0 Lakhs to ₹4.0 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?
What is the notice period for Life Insurance Agent at Kotak Mahindara Life Insurance?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Life Insurance Agents reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Life Insurance Agent salary in India ranges between ₹1 Lakh to ₹4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.