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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

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3.8

based on 2.7k Reviews

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Sales & Business Development

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Kotak Mahindara Life Insurance Sales & Business Development Department Salaries in Mumbai

based on 288 latest salaries
Designation Avg Annual Salary Open Jobs

Recruitment Development Manager

0 - 9 years exp. · Mumbai (31 salaries)
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₹3.5 L/yr - ₹5 L/yr

7 job openings

Chief Manager

2 - 15 years exp. · Mumbai (27 salaries)
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₹5.5 L/yr - ₹15 L/yr

Sales Manager

0 - 9 years exp. · Mumbai (24 salaries)
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₹3 L/yr - ₹5.2 L/yr

10 job openings

Deputy Manager

1 - 9 years exp. · Mumbai (20 salaries)
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₹2.5 L/yr - ₹4.9 L/yr

2 job openings
Starting your career? Discover Kotak Mahindara Life Insurance fresher salaries in India

Deputy Vice President

17 - 21 years exp. · Mumbai (7 salaries)
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₹17.6 L/yr - ₹30.1 L/yr

Assistant Branch Manager

7 - 15 years exp. · Mumbai (7 salaries)
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₹5.8 L/yr - ₹6.9 L/yr

Senior Sales Manager

1 - 4 years exp. · Mumbai (6 salaries)
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₹3 L/yr - ₹6.3 L/yr

Relationship Manager

0 - 4 years exp. · Mumbai (6 salaries)
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₹3 L/yr - ₹4.5 L/yr

3 job openings

Branch Manager

7 - 17 years exp. · Mumbai (6 salaries)
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₹6 L/yr - ₹10.3 L/yr

Business Development Manager

5 - 11 years exp. · Mumbai (6 salaries)
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₹3.8 L/yr - ₹8.1 L/yr

2 job openings

Associate Recruitment and Development Manager

0 - 5 years exp. · Mumbai (6 salaries)
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₹3.5 L/yr - ₹4 L/yr

2 job openings

Sales Executive

1 - 7 years exp. · Mumbai (5 salaries)
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₹1.5 L/yr - ₹4.1 L/yr

Management Trainee

0 - 2 years exp. · Mumbai (5 salaries)
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₹3.5 L/yr - ₹4 L/yr

Assistant Vice President

13 - 18 years exp. · Mumbai (4 salaries)
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₹8.5 L/yr - ₹16.9 L/yr

2 job openings

Senior Vice President

19 - 20 years exp. · Mumbai (3 salaries)
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₹35.1 L/yr - ₹40 L/yr

Deputy Chief Manager

7 - 14 years exp. · Mumbai (3 salaries)
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₹6.5 L/yr - ₹8.5 L/yr

Cluster Manager

7 - 10 years exp. · Mumbai (3 salaries)
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₹7.3 L/yr - ₹12.5 L/yr

Recruitment Manager

2 - 8 years exp. · Mumbai (3 salaries)
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₹3.8 L/yr - ₹4.2 L/yr

Branch Relationship Manager

2 - 4 years exp. · Mumbai (3 salaries)
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₹2.9 L/yr - ₹3.8 L/yr

Chief Managing Partner

5 - 6 years exp. · Mumbai (3 salaries)
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₹6 L/yr - ₹9.2 L/yr

Last Updated: 29 Jan, 2025

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New Job, Higher Pay, Now I’m Feeling Awkward
I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!
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Salary related reviews for Kotak Mahindara Life Insurance

2.8

Rated by 36 employees for salary & benefits

Life Advisor in Mumbai

Sales & Business Development Department

4.0
  •  posted on 04 May 2018
2.0
 for  Salary and Benefits

Likes

nil

  • Skill development - Excellent
    • +2 more

Dislikes

Compensation is not worth nor commendable. Growth is slow. The work pressure is very high. Managers do not value unless achieve your targets.As being ex agent company do not consider renewal commission..

read more
  • Salary - Poor
    • +1 more

Senior Manager in Jorhat

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 01 May 2024
2.0
 for  Salary and Benefits

Likes

Nothing good to write about.

Dislikes

Can't even count the dislikes. 1. You are never sure that you will get your salary on time. HR can (by mistake) mistakes at time of salary credit. 2. Upper management lies alot. 3. You wont learn anything, if u have ideas of growth and benificial for the company (Forget It) 4. HR is just a word, the people of the department don't know what HR does for a change. 5. You will be promissed alot of things at time of joining, rest assured they are just a myth. This list can go on and on, i just don't wanna waste my time on them anymore.

read more
  • Salary - Poor
    • +6 more

Sales Associate in New Delhi

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 14 May 2024
1.0
 for  Salary and Benefits

Likes

Job Security

Dislikes

Top Most Management in this company is worst; decision-making skills are very low Salary packages are very low for junior profiles but there work load is huge as compared with there senior profiles. Zero salary hikes and annual bonuses also depend on your boss; if he wants to give you 100,000, you will get it; if he wants to give you 10,000, that is your bonus. Huge package difference between senior boss and junior employees (ex., senior . Sr. boss package is above 30 Lacs but junior package is below 5 Lacs), Very little appreciation employees

read more
  • Salary - Bad
    • +5 more

Relationship Manager in Kolkata

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

Manager Marketing & Merchandising in Chennai

Sales & Business Development Department

3.0
  •  posted on 13 Aug 2022
4.0
 for  Salary and Benefits

Likes

As a company its an good entity, gives proper training and proper salary on time.

read more
  • Salary - Good
    • +1 more

Dislikes

Here you will not get proper work life balance, no support from top level and operations team, worst and old process. The above mentioned things are change from team to team its my view of openion being from my team.

read more
  • Job security - Poor
    • +3 more
see more salary related reviews

Kotak Mahindara Life Insurance interview questions by designations

Deputy Manager (16)Sales Manager (14)Management Trainee (10)Manager (9)
View all 207 interview experiences

Know more about Kotak Mahindara Life Insurance Mumbai

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Kotak Mahindara Life Insurance Salary FAQs

How much does Kotak Mahindara Life Insurance pay per year?
The average Kotak Mahindara Life Insurance salary ranges from approximately ₹0.5 Lakh to ₹2 Lakhs per year for a LA and ₹69 Lakhs to ₹98 Lakhs per year for a Executive Vice President. Salary estimates are based on 288 Kotak Mahindara Life Insurance salaries received from various employees of Kotak Mahindara Life Insurance. Kotak Mahindara Life Insurance employees rate the overall salary and benefits package 2.8/5 stars.
What is the highest salary in Kotak Mahindara Life Insurance?
The highest-paying job at Kotak Mahindara Life Insurance is a Executive Vice President with a salary of ₹69 Lakhs to ₹98 Lakhs per year. The top 10% of employees earn more than ₹11 lakhs per year. The top 1% earn more than a whopping ₹33 lakhs per year.
What is the minimum salary in Kotak Mahindara Life Insurance?
Minimum salary at Kotak Mahindara Life Insurance depends on the role you are applying for. For Relationship Manager the minimum salary is ₹1.8 Lakh to ₹7 Lakhs per year, and for Assistant Manager the minimum salary is ₹2 Lakhs to ₹4.8 Lakhs per year and so on.
What is the salary package for freshers in Kotak Mahindara Life Insurance?
The average salary at Kotak Mahindara Life Insurance for freshers varies from ₹0.7 Lakh to ₹2.5 Lakhs per year for Telecaller and ₹7.5 Lakhs to ₹15.5 Lakhs per year for Chief Manager.
What is the notice period at Kotak Mahindara Life Insurance in Sales & Business Development Department in Mumbai?
According to AmbitionBox, 44% of the Kotak Mahindara Life Insurance employees in Sales & Business Development Department in Mumbai reported a notice period of 3 Months, 24% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 204 responses on AmbitionBox in last 2 years.

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Average annual salary in Sales & Business Development department at Kotak Mahindara Life Insurance , Mumbai is INRunlock blur . Salary estimates are based on 288 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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