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

Annual salary range
5 - 22 years exp.
₹7.5 Lakhs - ₹13 Lakhs
Salary of majority employees
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50% more than the average Location Manager Salary in Insurance Companies for 5 - 22 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Location Manager Salary
5 - 14 years exp. (10 salaries)
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₹7.8 L/yr - ₹12.8 L/yr

Sales & Business Development
Location Manager Salary
6 - 18 years exp. (6 salaries)
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₹8 L/yr - ₹12.5 L/yr

Last Updated: 19 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Location Manager

Company name Avg Annual Salary Open Jobs
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Shriram Life Insurance Location Manager Salary

7 - 17 years exp. (11 salaries)

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₹3.4 L/yr - ₹12 L/yr

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₹6 L/yr - ₹11.3 L/yr

arrow icon 13% less
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HDFC Life Location Manager Salary

2 - 15 years exp. (3 salaries)

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₹5 L/yr - ₹9.6 L/yr

arrow icon 37% less
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HDFC Bank Location Manager Salary

1 - 11 years exp. (159 salaries)

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₹3 L/yr - ₹10.3 L/yr

arrow icon 42% less
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Hinduja Leyland Finance Location Manager Salary

1 - 16 years exp. (112 salaries)

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₹3 L/yr - ₹7.6 L/yr

arrow icon 52% less
Location Manager salary at Kotak Mahindara Life Insurance ranges between ₹7.5 Lakhs to ₹13 Lakhs per year for employees with experience between 5 years to 22 years. Salary estimates are based on 21 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Location Manager

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8 years exp.
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14 years exp.
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5 years exp.
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17 years exp.
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22 years exp.
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22 years exp.

Experience wise Kotak Mahindara Life Insurance Location Manager salaries

Last Updated: 19 Mar 2025

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹17.3 L/yr
6 years (AmbitionBox Estimate)

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₹8.5 L/yr - ₹17.5 L/yr
7 years (AmbitionBox Estimate)

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₹8.8 L/yr - ₹11.3 L/yr
8 years (AmbitionBox Estimate)

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₹8 L/yr - ₹17.9 L/yr
9 years (AmbitionBox Estimate)

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₹9.1 L/yr - ₹11.6 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Collections Manager Salary
(AmbitionBox Estimate)
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₹0.9 L/yr - ₹1.2 L/yr
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₹1 L/yr - ₹4 L/yr
Branch Manager Salary
(203 salaries)
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₹5 L/yr - ₹13.5 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
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₹2 L/yr - ₹7 L/yr
Deputy Manager Salary
(764 salaries)
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₹2 L/yr - ₹5.69 L/yr
Sales Manager Salary
(563 salaries)
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₹2 L/yr - ₹6.22 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
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₹3 L/yr - ₹7 L/yr
Accountant Salary
(4 salaries)
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₹1.44 L/yr - ₹5.15 L/yr

Top skills at Kotak Mahindara Life Insurance for Location Manager

agency Agency Management

Salary related reviews for Kotak Mahindara Life Insurance

2.9

Rated by 2 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

read more
  • 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..

read more

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

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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  • Skill development - Good
  • +1 more

Dislikes

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

read more
  • Salary - Poor
  • +1 more
see more salary related reviews

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Kotak Mahindara Life Insurance Location Manager Salary FAQs

What is the salary of Location Manager at Kotak Mahindara Life Insurance ?
The average salary of a Location Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹7.5 Lakhs to ₹13.0 Lakhs per year, depending on experience (from 5 years to 22 years).

The top 10% of Location Manager at Kotak Mahindara Life Insurance earn more than ₹12.6 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Location 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 20+ Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Location Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Location Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹75,948 to ₹77,916 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹13.0 Lakhs per year for employees with experience ranging from 5 years to 22 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 20+ 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 Location Manager at Kotak Mahindara Life Insurance ?
To be a Location Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

  • - agency
  • - Agency Management

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.
What is the salary of a Location Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Location 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:

Kotak Mahindra General Insurance ₹6.0 Lakhs to ₹11.3 Lakhs per year
Shriram Life Insurance ₹3.4 Lakhs to ₹12.0 Lakhs per year
HDFC Life ₹5.0 Lakhs to ₹9.6 Lakhs per year
HDFC Bank ₹3.0 Lakhs to ₹10.3 Lakhs per year
Hinduja Leyland Finance ₹3.0 Lakhs to ₹7.6 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 Location Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Location Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Location Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
5 years ₹7.5 Lakhs to ₹17.3 Lakhs per year
6 years ₹8.5 Lakhs to ₹17.5 Lakhs per year
7 years ₹8.8 Lakhs to ₹11.3 Lakhs per year
8 years ₹8.0 Lakhs to ₹17.9 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Location Manager salary in India ranges between ₹7.5 Lakhs to ₹13 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.