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Kotak Mahindara Life Insurance Managing Partner salaries in Mumbai

Annual salary range
0 - 3 years exp.
₹2.5 Lakhs - ₹6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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84% less than the average Managing Partner Salary in Insurance Companies for 0 - 3 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

Marketing & Communication
Managing Partner Salary
1 - 3 years exp. (7 salaries)
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₹3.5 L/yr - ₹4.1 L/yr

Customer Success, Service & Operations
Managing Partner Salary
1 - 3 years exp. (4 salaries)
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₹3.2 L/yr - ₹6 L/yr

BFSI, Investments & Trading
Managing Partner Salary
3 years exp. (AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.6 L/yr

Sales & Business Development
Managing Partner Salary
Fresher (AmbitionBox Estimate)
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₹2.5 L/yr - ₹4.3 L/yr

Last Updated: 10 Oct 2023

Companies similar to Kotak Mahindara Life Insurance for Managing Partner in Mumbai

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Kotak Mahindara Life Insurance Managing Partner Salary

0 - 3 years exp. (18 salaries)

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₹2.5 L/yr - ₹6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹3.9 L/yr - ₹4.5 L/yr

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Ernst & Young Managing Partner Salary

14 - 24 years exp. (5 salaries)

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₹45 L/yr - ₹1.1 Cr/yr

arrow icon 2294% more
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Handworkz Managing Partner Salary

23 - 27 years exp. (4 salaries)

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₹6 L/yr - ₹10.8 L/yr

arrow icon 137% more
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Aryan Enterprises Managing Partner Salary

18 - 25 years exp. (4 salaries)

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₹22.5 L/yr - ₹28.8 L/yr

arrow icon 518% more
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Goldman Sachs Managing Partner Salary

15 years exp. (4 salaries)

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₹3.5 Cr/yr - ₹5 Cr/yr

arrow icon 11330% more
Managing Partner salary at Kotak Mahindara Life Insurance ranges between ₹2.5 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 18 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Managing Partner in Mumbai

1y ago
₹3.7 Lakhs
2 years exp.
1y ago
₹3.5 Lakhs
1 year exp.

Experience wise Kotak Mahindara Life Insurance Managing Partner salaries in Mumbai

Last Updated: 10 Oct 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr
1 year  (6 salaries)

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₹2.5 L/yr - ₹4 L/yr
2 years  (6 salaries)

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₹3.5 L/yr - ₹6 L/yr
3 years  (5 salaries)

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₹3.5 L/yr - ₹6 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(435 salaries)
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₹2.25 L/yr - ₹5.74 L/yr
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₹3 L/yr - ₹7 L/yr
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₹2.4 L/yr - ₹6.1 L/yr
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₹5.9 L/yr - ₹7.6 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

3.8

Rated by 2 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

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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.

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 Mumbai?
The average salary of a Managing Partner at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹2.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Managing Partner in Mumbai at Kotak Mahindara Life Insurance earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹6.0 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 Mumbai?
The estimated take-home salary of a Managing Partner at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹29,905 to ₹31,220 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹6.0 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 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 Mumbai?
To be a Managing Partner at Kotak Mahindara Life Insurance in Mumbai, 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?
Goldman Sachs ₹350.0 Lakhs to ₹500.0 Lakhs per year
Ernst & Young ₹45.0 Lakhs to ₹105.0 Lakhs per year
Aryan Enterprises ₹22.5 Lakhs to ₹28.8 Lakhs per year
Handworkz ₹6.0 Lakhs to ₹10.8 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 Managing Partner in companies similar to Kotak Mahindara Life Insurance in Mumbai?
The salary of a Managing Partner at companies similar to Kotak Mahindara Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Reliance Nippon Life Insurance ₹3.9 Lakhs to ₹4.5 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 Managing Partner at Kotak Mahindara Life Insurance in Mumbai?
The salary growth for a Managing Partner at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Managing Partner in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹3.3 Lakhs to ₹4.2 Lakhs per year
1 year ₹2.5 Lakhs to ₹4.0 Lakhs per year
2 years ₹3.5 Lakhs to ₹6.0 Lakhs per year
3 years ₹3.5 Lakhs to ₹6.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Managing Partner salary in Mumbai ranges between ₹2.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 18 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.