Kotak Mahindara Life Insurance Relationship Manager Salaries by 200+ Employees (Updated 2025)

0 - 7 years exp.

₹1.8 Lakh - ₹7 Lakhs

Salary of majority employees

29% less than the average Relationship Manager Salary in Insurance Companies for 0 - 7 years of experience

Interested in this particular role? 8 job openings

Salaries in different departments

Sales & Business Development Relationship Manager Salary 0 - 7 years exp. (57 salaries)	₹2.5 L/yr - ₹7 L/yr
BFSI, Investments & Trading Relationship Manager Salary 0 - 7 years exp. (39 salaries)	₹1.8 L/yr - ₹5.5 L/yr
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Marketing & Communication Relationship Manager Salary 0 - 6 years exp. (27 salaries)	₹2 L/yr - ₹5 L/yr
Customer Success, Service & Operations Relationship Manager Salary 0 - 6 years exp. (20 salaries)	₹2.4 L/yr - ₹4.5 L/yr
Finance & Accounting Relationship Manager Salary 0 - 6 years exp. (14 salaries)	₹2.3 L/yr - ₹4.7 L/yr

Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Relationship Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Relationship Manager Salary 0 - 9 years exp. (561 salaries)	₹1.7 L/yr - ₹5 L/yr 2% less	2 job openings
ICICI Prudential Life Insurance Relationship Manager Salary 0 - 7 years exp. (347 salaries)	₹1.9 L/yr - ₹7.8 L/yr 24% more
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SBI Life Insurance Company Relationship Manager Salary 2 - 10 years exp. (50 salaries)	₹2.5 L/yr - ₹6 L/yr 16% more
Axis Max Life Insurance Relationship Manager Salary 0 - 10 years exp. (498 salaries)	₹1.1 L/yr - ₹7 L/yr 29% more	6 job openings
Bajaj Allianz Life Insurance Relationship Manager Salary 0 - 10 years exp. (758 salaries)	₹1.6 L/yr - ₹5 L/yr 7% less	19 job openings
PNB MetLife Relationship Manager Salary 0 - 12 years exp. (1.2k salaries)	₹2.2 L/yr - ₹4.7 L/yr 1% more	161 job openings
Tata AIA Life Insurance Relationship Manager Salary 0 - 10 years exp. (1.1k salaries)	₹1.8 L/yr - ₹5.6 L/yr 11% more	99 job openings
ICICI Lombard General Insurance Company Relationship Manager Salary 0 - 12 years exp. (330 salaries)	₹2.5 L/yr - ₹8.6 L/yr 29% more	2 job openings
Star Health & Allied Insurance Relationship Manager Salary 0 - 7 years exp. (277 salaries)	₹1.5 L/yr - ₹4.5 L/yr 9% less
Aditya Birla Sun Life Insurance Relationship Manager Salary 0 - 7 years exp. (249 salaries)	₹1.7 L/yr - ₹5.5 L/yr 5% more
Reliance Nippon Life Insurance Relationship Manager Salary 0 - 11 years exp. (221 salaries)	₹1.7 L/yr - ₹5.1 L/yr 1% less
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SBI General Insurance Relationship Manager Salary 1 - 9 years exp. (209 salaries)	₹1.8 L/yr - ₹6.6 L/yr 3% less
Shriram Life Insurance Relationship Manager Salary 0 - 7 years exp. (99 salaries)	₹1.8 L/yr - ₹6.3 L/yr 15% more
HDFC Ergo General Insurance Relationship Manager Salary 2 - 9 years exp. (88 salaries)	₹1.9 L/yr - ₹5.6 L/yr 8% more
Kotak Mahindra General Insurance Relationship Manager Salary 1 - 9 years exp. (34 salaries)	₹2.4 L/yr - ₹5.3 L/yr 9% more
Aditya Birla Insurance Brokers Relationship Manager Salary 2 - 10 years exp. (7 salaries)	₹2.2 L/yr - ₹5.1 L/yr 3% less
Life Insurance Corporation of India Relationship Manager Salary 0 - 5 years exp. (6 salaries)	₹2.2 L/yr - ₹5 L/yr 10% more
Max Financial Services Relationship Manager Salary 5 - 12 years exp. (5 salaries)	₹3.9 L/yr - ₹5.2 L/yr 20% more
The Oriental Insurance Co. Relationship Manager Salary 7 - 8 years exp. (3 salaries)	₹30 L/yr - ₹36 L/yr 844% more

Relationship Manager salary at Kotak Mahindara Life Insurance ranges between ₹1.8 Lakh to ₹7 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 209 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Relationship Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
Fresher (33 salaries)	₹1.8 L/yr - ₹4.5 L/yr
1 year (40 salaries)	₹1.8 L/yr - ₹5.3 L/yr
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2 years (36 salaries)	₹1.8 L/yr - ₹4 L/yr
3 years (37 salaries)	₹2.4 L/yr - ₹5.8 L/yr
4 years (21 salaries)	₹2.6 L/yr - ₹7 L/yr
5 years (21 salaries)	₹3 L/yr - ₹5.5 L/yr
6 years (12 salaries)	₹2.6 L/yr - ₹5.1 L/yr
7 years (9 salaries)	₹2.5 L/yr - ₹5.3 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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Store Manager Salary

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Deputy Manager Salary

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Territory Manager Salary

(AmbitionBox Estimate)

₹14.2 L/yr - ₹18.2 L/yr

Sales Manager Salary

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Area Sales Manager Salary

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₹3.5 L/yr - ₹8.4 L/yr

Area Manager Salary

(26 salaries)

₹5.7 L/yr - ₹17.9 L/yr

Branch Sales Manager Salary

(14 salaries)

₹3 L/yr - ₹7 L/yr

Territory Sales Manager Salary

(4 salaries)

₹4.8 L/yr - ₹18 L/yr

Top skills at Kotak Mahindara Life Insurance for Relationship Manager

Field Sales Sales Life Insurance direct marketing Relationship Management Insurance Sales Direct Sales Business Development B2B Sales Life Insurance Salesforce General Insurance Sales Marketing B2C Sales Management

Salary related reviews for Kotak Mahindara Life Insurance

3.2

Rated by 36 employees for salary & benefits

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..

Dislikes

I like nothing about them.. I m with my word..

Salary - Bad

+6 more

Sales Manager in Mumbai

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."

Salary - Bad

+2 more

Deputy Manager in Mumbai

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

Skill development - Poor

+4 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

Salary - Bad

+5 more

Deputy Manager in Thane

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

Salary - Poor

+5 more

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindara Life Insurance Relationship Manager Salary FAQs

What is the salary of Relationship Manager at Kotak Mahindara Life Insurance?

Relationship Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹1.8 Lakhs to ₹7.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 29% less than the average Relationship Manager Salary in India. Salary estimates are based on 209 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Relationship Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Relationship Manager at Kotak Mahindara Life Insurance is 29% less than the average salary of a Relationship Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Relationship Manager at Kotak Mahindara Life Insurance?

Field Sales, Sales, Life Insurance, direct marketing and Relationship Management are some of the popular skills required to work as a Relationship Manager at Kotak Mahindara Life Insurance India.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Relationship Manager in India?

The Oriental Insurance Co. Relationship Manager Salary - ₹30.0 Lakhs to ₹36.0 Lakhs per year
Axis Max Life Insurance Relationship Manager Salary - ₹1.1 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company Relationship Manager Salary - ₹2.5 Lakhs to ₹8.6 Lakhs per year
ICICI Prudential Life Insurance Relationship Manager Salary - ₹1.9 Lakhs to ₹7.8 Lakhs per year
Max Financial Services Relationship Manager Salary - ₹3.9 Lakhs to ₹5.2 Lakhs per year

What is the salary of a Relationship Manager in companies similar to Kotak Mahindara Life Insurance in India?

SBI Life Insurance Company Relationship Manager Salary - ₹2.5 Lakhs to ₹6.0 Lakhs per year
Shriram Life Insurance Relationship Manager Salary - ₹1.8 Lakhs to ₹6.3 Lakhs per year
Tata AIA Life Insurance Relationship Manager Salary - ₹1.8 Lakhs to ₹5.6 Lakhs per year
Life Insurance Corporation of India Relationship Manager Salary - ₹2.2 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindra General Insurance Relationship Manager Salary - ₹2.4 Lakhs to ₹5.3 Lakhs per year

What is the estimated take home salary of a Relationship Manager at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Relationship Manager at Kotak Mahindara Life Insurance ranges between ₹26,329 per month to ₹27,748 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Relationship Manager salary in India which ranges between ₹1.8 Lakhs to ₹7.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

What is the notice period for Relationship Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 41% of the Kotak Mahindara Life Insurance Relationship Managers reported a notice period of 2 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 168 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Relationship Manager Salaries by Location

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Kotak Mahindara Life Insurance Relationship Manager Salaries

Kotak Mahindara Life Insurance Relationship Manager salary in India ranges between ₹1.8 Lakh to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 209 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

Companies similar to Kotak Mahindara Life Insurance for Relationship Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Relationship Manager

Experience wise Kotak Mahindara Life Insurance Relationship Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Relationship Manager

Salary related reviews for Kotak Mahindara Life Insurance

Relationship Manager in Kolkata

Sales Manager in Mumbai

Deputy Manager in Mumbai

Sales Associate in New Delhi

Deputy Manager in Thane

Kotak Mahindara Life Insurance Relationship Manager Salary FAQs

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Kotak Mahindara Life Insurance Relationship Manager Salaries by Location