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

Annual salary range
0 - 7 years exp.
₹1.8 Lakh - ₹7 Lakhs
Salary of majority employees
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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)
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₹2.5 L/yr - ₹7 L/yr

BFSI, Investments & Trading
Relationship Manager Salary
0 - 7 years exp. (39 salaries)
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₹1.8 L/yr - ₹5.5 L/yr

Marketing & Communication
Relationship Manager Salary
0 - 6 years exp. (27 salaries)
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₹2 L/yr - ₹5 L/yr

Customer Success, Service & Operations
Relationship Manager Salary
0 - 6 years exp. (20 salaries)
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₹2.4 L/yr - ₹4.5 L/yr

Finance & Accounting
Relationship Manager Salary
0 - 6 years exp. (14 salaries)
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₹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
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HDFC Life Relationship Manager Salary

0 - 9 years exp. (561 salaries)

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₹1.7 L/yr - ₹5 L/yr

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2 job openings
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₹1.9 L/yr - ₹7.8 L/yr

arrow icon 24% more
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₹2.5 L/yr - ₹6 L/yr

arrow icon 16% more
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₹1.1 L/yr - ₹7 L/yr

arrow icon 29% more
6 job openings
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₹1.6 L/yr - ₹5 L/yr

arrow icon 7% less
19 job openings
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PNB MetLife Relationship Manager Salary

0 - 12 years exp. (1.2k salaries)

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₹2.2 L/yr - ₹4.7 L/yr

arrow icon 1% more
161 job openings
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₹1.8 L/yr - ₹5.6 L/yr

arrow icon 11% more
99 job openings
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₹2.5 L/yr - ₹8.6 L/yr

arrow icon 29% more
2 job openings
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₹1.5 L/yr - ₹4.5 L/yr

arrow icon 9% less
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₹1.7 L/yr - ₹5.5 L/yr

arrow icon 5% more
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₹1.7 L/yr - ₹5.1 L/yr

arrow icon 1% less
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₹1.8 L/yr - ₹6.6 L/yr

arrow icon 3% less
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₹1.8 L/yr - ₹6.3 L/yr

arrow icon 15% more
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₹1.9 L/yr - ₹5.6 L/yr

arrow icon 8% more
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₹2.4 L/yr - ₹5.3 L/yr

arrow icon 9% more
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₹2.2 L/yr - ₹5.1 L/yr

arrow icon 3% less
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₹2.2 L/yr - ₹5 L/yr

arrow icon 10% more
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₹3.9 L/yr - ₹5.2 L/yr

arrow icon 20% more
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₹30 L/yr - ₹36 L/yr

arrow icon 844% more

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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.

Latest annual salaries shared by Kotak Mahindara Life Insurance Relationship Manager

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Experience wise Kotak Mahindara Life Insurance Relationship Manager salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
Fresher  (33 salaries)

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₹1.8 L/yr - ₹4.5 L/yr
1 year  (40 salaries)

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₹1.8 L/yr - ₹5.3 L/yr
2 years  (36 salaries)

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₹1.8 L/yr - ₹4 L/yr
3 years  (37 salaries)

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₹2.4 L/yr - ₹5.8 L/yr
4 years  (21 salaries)

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₹2.6 L/yr - ₹7 L/yr
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Similar Designation salaries in Kotak Mahindara Life Insurance

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₹2.15 L/yr - ₹5 L/yr
Branch Manager Salary
(201 salaries)
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₹4.5 L/yr - ₹13.5 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Deputy Manager Salary
(732 salaries)
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₹2.25 L/yr - ₹5.69 L/yr
Territory Manager Salary
(AmbitionBox Estimate)
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₹14.2 L/yr - ₹18.2 L/yr
Sales Manager Salary
(543 salaries)
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₹2 L/yr - ₹5.75 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
Area Manager Salary
(26 salaries)
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₹5.7 L/yr - ₹17.9 L/yr
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₹3 L/yr - ₹7 L/yr
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₹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

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

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

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  • Skill development - Poor
  • +4 more

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

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
see more salary related reviews

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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.

Tell us how to improve this page.

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