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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 - ₹6.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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28% less than the average Relationship Manager Salary in Insurance Companies for 0 - 7 years of experience

Interested in this particular role? 17 job openings

Salaries in different departments

Sales & Business Development
Relationship Manager Salary
0 - 7 years exp. (54 salaries)
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₹2.5 L/yr - ₹5.1 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. (29 salaries)
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₹2 L/yr - ₹6.5 L/yr

Customer Success, Service & Operations
Relationship Manager Salary
0 - 6 years exp. (21 salaries)
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₹2.4 L/yr - ₹5.5 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: 4 Apr 2025

Companies similar to Kotak Mahindara Life Insurance for Relationship Manager

Company name Avg Annual Salary Open Jobs
Logo
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₹2 L/yr - ₹5.6 L/yr

arrow icon 10% more
38 job openings
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₹1.6 L/yr - ₹5 L/yr

arrow icon 8% less
22 job openings
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HDFC Life Relationship Manager Salary

0 - 8 years exp. (553 salaries)

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₹1.7 L/yr - ₹5 L/yr

arrow icon 2% less
5 job openings
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₹1.1 L/yr - ₹7 L/yr

arrow icon 29% more
2 job openings
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₹1.9 L/yr - ₹7.8 L/yr

arrow icon 20% more
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₹2.5 L/yr - ₹8.6 L/yr

arrow icon 27% more
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₹1.6 L/yr - ₹4.5 L/yr

arrow icon 10% less
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₹1.7 L/yr - ₹5.5 L/yr

arrow icon 3% more
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₹1.7 L/yr - ₹6 L/yr

arrow icon 8% less
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₹1.8 L/yr - ₹6.3 L/yr

arrow icon 8% more
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₹2 L/yr - ₹6 L/yr

arrow icon 4% more
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₹2.5 L/yr - ₹6 L/yr

arrow icon 11% more
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₹2.4 L/yr - ₹5.3 L/yr

arrow icon 7% more
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₹2.2 L/yr - ₹3.8 L/yr

arrow icon 17% less
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₹2.2 L/yr - ₹5.1 L/yr

arrow icon 5% less
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Docland Relationship Manager Salary

1 - 5 years exp. (6 salaries)

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₹1.8 L/yr - ₹5.1 L/yr

arrow icon 21% less
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₹3.9 L/yr - ₹5.2 L/yr

arrow icon 19% more
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Empower Relationship Manager Salary

1 - 8 years exp. (3 salaries)

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₹3.5 L/yr - ₹6.5 L/yr

arrow icon 46% more
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₹30 L/yr - ₹36 L/yr

arrow icon 834% more
Relationship Manager salary at Kotak Mahindara Life Insurance ranges between ₹1.8 Lakh to ₹6.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 212 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Relationship Manager

3d ago
₹4.5 Lakhs
2 years exp.
5d ago
₹3 Lakhs
6 years exp.
6d ago
₹4.5 Lakhs
2 years exp.
6d ago
₹4.8 Lakhs
2 years exp.
6d ago
₹5 Lakhs
2 years exp.
1w ago
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4 years exp.
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2 years exp.
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2 years exp.
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2 years exp.
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2 years exp.

Experience wise Kotak Mahindara Life Insurance Relationship Manager salaries

Last Updated: 4 Apr 2025

Experience Avg Annual Salary
Fresher  (25 salaries)

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₹1.8 L/yr - ₹4 L/yr
1 year  (41 salaries)

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₹1.8 L/yr - ₹5.3 L/yr
2 years  (45 salaries)

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₹1.8 L/yr - ₹5 L/yr
3 years  (38 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 - ₹6.5 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
(204 salaries)
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₹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
(762 salaries)
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₹2 L/yr - ₹5.74 L/yr
Territory Manager Salary
(AmbitionBox Estimate)
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₹14.1 L/yr - ₹18.1 L/yr
Sales Manager Salary
(562 salaries)
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₹2 L/yr - ₹6 L/yr
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₹3.78 L/yr - ₹13.8 L/yr
Area Manager Salary
(32 salaries)
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₹5.02 L/yr - ₹21 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 Life Insurance Salesforce Business Development B2B Sales General Insurance Sales Bfsi Sales Marketing B2C

Salary related reviews for Kotak Mahindara Life Insurance

3.4

Rated by 38 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

read more
  • 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 ?
The average salary of a Relationship Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹1.8 Lakhs to ₹6.5 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Relationship Manager at Kotak Mahindara Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹5.9 Lakhs per year. Relationship Manager 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 200+ Kotak Mahindara Life Insurance employees in India.
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 in India typically ranges from ₹26,650 to ₹28,064 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from Fresher to 7 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 200+ 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 Relationship Manager at Kotak Mahindara Life Insurance ?
To be a Relationship Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

  • - Field Sales
  • - Sales
  • - Life Insurance
  • - direct marketing
  • - Relationship Management

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 Relationship Manager in India?
The Oriental Insurance Co. ₹30.0 Lakhs to ₹36.0 Lakhs per year
Empower ₹3.5 Lakhs to ₹6.5 Lakhs per year
Axis Max Life Insurance ₹1.1 Lakhs to ₹7.0 Lakhs per year
ICICI Lombard General Insurance Company ₹2.5 Lakhs to ₹8.6 Lakhs per year
ICICI Prudential Life Insurance ₹1.9 Lakhs to ₹7.8 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 Relationship Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Relationship Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Max Financial Services ₹3.9 Lakhs to ₹5.2 Lakhs per year
SBI Life Insurance Company ₹2.5 Lakhs to ₹6.0 Lakhs per year
Tata AIA Life Insurance ₹2.0 Lakhs to ₹5.6 Lakhs per year
Shriram Life Insurance ₹1.8 Lakhs to ₹6.3 Lakhs per year
Kotak Mahindra General Insurance ₹2.4 Lakhs to ₹5.3 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 Relationship Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Relationship Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Relationship Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹1.8 Lakhs to ₹4.0 Lakhs per year
1 year ₹1.8 Lakhs to ₹5.3 Lakhs per year
2 years ₹1.8 Lakhs to ₹5.0 Lakhs per year
3 years ₹2.4 Lakhs to ₹5.8 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Relationship Manager salary in India ranges between ₹1.8 Lakh to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 212 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.