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Kotak Mahindara Life Insurance Managing Partner salaries in Bangalore / Bengaluru

Annual salary range
0 - 6 years exp.
₹3.5 Lakhs - ₹5.1 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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79% less than the average Managing Partner Salary in Insurance Companies for 0 - 6 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

Sales & Business Development
Managing Partner Salary
0 - 6 years exp. (11 salaries)
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₹3.5 L/yr - ₹4.5 L/yr

BFSI, Investments & Trading
Managing Partner Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹3.9 L/yr - ₹5.1 L/yr

Finance & Accounting
Managing Partner Salary
1 year exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹4.3 L/yr

Marketing & Communication
Managing Partner Salary
Fresher (AmbitionBox Estimate)
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₹4 L/yr - ₹4.7 L/yr

Last Updated: 6 Jul 2024

Companies similar to Kotak Mahindara Life Insurance for Managing Partner in Bangalore / Bengaluru

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Kotak Mahindara Life Insurance Managing Partner Salary

0 - 6 years exp. (17 salaries)

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₹3.5 L/yr - ₹5.1 L/yr

vs
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₹9 L/yr - ₹12.9 L/yr

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Westline Associates Managing Partner Salary

8 - 16 years exp. (4 salaries)

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₹9.8 L/yr - ₹12.5 L/yr

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Motor Chronicles Managing Partner Salary

12 - 16 years exp. (4 salaries)

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₹12 L/yr - ₹18 L/yr

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United Processors Managing Partner Salary

5 - 7 years exp. (4 salaries)

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₹12 L/yr - ₹24.5 L/yr

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Maa Vaishnav Roadways Managing Partner Salary

16 - 23 years exp. (4 salaries)

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₹11.4 L/yr - ₹11.5 L/yr

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Managing Partner salary at Kotak Mahindara Life Insurance ranges between ₹3.5 Lakhs to ₹5.1 Lakhs per year for employees with less than 1 year of experience to 6 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 Managing Partner in Bangalore / Bengaluru

9mo ago
₹3.5 Lakhs
7 months exp.

Experience wise Kotak Mahindara Life Insurance Managing Partner salaries in Bangalore / Bengaluru

Last Updated: 6 Jul 2024

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹3.5 L/yr - ₹4 L/yr
1 year  (5 salaries)

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₹3.5 L/yr - ₹4.3 L/yr
2 years  (5 salaries)

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₹1.6 L/yr - ₹5.1 L/yr
3 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(56 salaries)
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₹2.1 L/yr - ₹5.5 L/yr
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₹2.8 L/yr - ₹6 L/yr

Top skills at Kotak Mahindara Life Insurance for Managing Partner

Agency Channel Agency Sales Sales Channel Sales Team Handling Business Development Team Building Field Sales Life Insurance Field Work agency development Tied Channel Relationship Management Sales Development Distributor Sales

Salary related reviews for Kotak Mahindara Life Insurance

2.1

Rated by 3 employees for salary & benefits

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

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

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 08 May 2021

4.0
 for  Salary and Benefits

Likes

It is all about leadership. If you are good in recruitment then you will more success and financial compensation also.

read more
  • Salary - Good
  • +6 more

Dislikes

Senior managers are not available all times so you handle alone and spoil resource coz lack of knowledge and experiences

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
  • 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

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
see more salary related reviews

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Kotak Mahindara Life Insurance Managing Partner Salary FAQs

What is the salary of Managing Partner at Kotak Mahindara Life Insurance in Bangalore / Bengaluru?
The average salary of a Managing Partner at Kotak Mahindara Life Insurance in Bangalore / Bengaluru typically ranges from ₹3.5 Lakhs to ₹5.1 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Managing Partner in Bangalore / Bengaluru at Kotak Mahindara Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.1 Lakhs per year. Managing Partner 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 10+ Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Managing Partner at Kotak Mahindara Life Insurance in Bangalore / Bengaluru?
The estimated take-home salary of a Managing Partner at Kotak Mahindara Life Insurance in Bangalore / Bengaluru typically ranges from ₹31,339 to ₹32,633 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.1 Lakhs per year for employees with experience ranging from Fresher to 6 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 10+ 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 Managing Partner at Kotak Mahindara Life Insurance in Bangalore / Bengaluru?
To be a Managing Partner at Kotak Mahindara Life Insurance in Bangalore / Bengaluru, the key skills required include:

  • - Agency Channel
  • - Agency Sales
  • - Sales
  • - Channel Sales
  • - Team Handling

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 Managing Partner in India?
United Processors ₹12.0 Lakhs to ₹24.5 Lakhs per year
Motor Chronicles ₹12.0 Lakhs to ₹18.0 Lakhs per year
Maa Vaishnav Roadways ₹11.4 Lakhs to ₹11.5 Lakhs per year
Westline Associates ₹9.8 Lakhs to ₹12.5 Lakhs per year
Aditya Birla Sun Life Insurance ₹9.0 Lakhs to ₹12.9 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.
How the salary growth look like for a Managing Partner at Kotak Mahindara Life Insurance in Bangalore / Bengaluru?
The salary growth for a Managing Partner at Kotak Mahindara Life Insurance in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Managing Partner in Bangalore / Bengaluru can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹3.5 Lakhs to ₹4.0 Lakhs per year
1 year ₹3.5 Lakhs to ₹4.3 Lakhs per year
2 years ₹1.6 Lakhs to ₹5.1 Lakhs per year
3 years ₹3.7 Lakhs to ₹4.7 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Managing Partner salary in Bangalore / Bengaluru ranges between ₹3.5 Lakhs to ₹5.1 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.