Kotak Mahindara Life Insurance Nagpur Relationship Manager Salaries by 8 Employees

1 - 4 years exp.

₹2.7 Lakhs - ₹3.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

19% less than the average Relationship Manager Salary in Insurance Companies for 1 - 4 years of experience

Interested in this particular role? 18 job openings

Salaries in different departments

Sales & Business Development Relationship Manager Salary 1 - 3 years exp. (5 salaries)	₹2.7 L/yr - ₹3.5 L/yr
BFSI, Investments & Trading Relationship Manager Salary 1 year exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.5 L/yr
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Finance & Accounting Relationship Manager Salary 1 year exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹3.5 L/yr
Marketing & Communication Relationship Manager Salary 4 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹3.9 L/yr

Last Updated: 15 Sep 2024

Companies similar to Kotak Mahindara Life Insurance for Relationship Manager in Nagpur

Kotak Mahindara Life Insurance Relationship Manager Salary

1 - 4 years exp. (8 salaries)

₹2.7 L/yr - ₹3.9 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Relationship Manager Salary 1 - 11 years exp. (14 salaries)	₹1.9 L/yr - ₹5.5 L/yr 38% more	3 job openings
Shriram Life Insurance Relationship Manager Salary 1 - 8 years exp. (5 salaries)	₹2.7 L/yr - ₹4.9 L/yr 6% more
Login to view exact salary
Home First Finance Company India Relationship Manager Salary 0 - 3 years exp. (38 salaries)	₹4.5 L/yr - ₹8 L/yr 85% more	24 job openings
PolicyBazaar Relationship Manager Salary 2 - 11 years exp. (24 salaries)	₹3.2 L/yr - ₹5.5 L/yr 24% more	31 job openings
Shubham Housing Development Finance Relationship Manager Salary 2 - 8 years exp. (23 salaries)	₹2.4 L/yr - ₹4 L/yr At par	5 job openings

Relationship Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.7 Lakhs to ₹3.9 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 8 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Relationship Manager salaries in Nagpur

Last Updated: 15 Sep 2024

Experience	Avg Annual Salary
1 year (4 salaries)	₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Recruitment Development Manager Salary

(28 salaries)

₹2.68 L/yr - ₹5 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 Bfsi Sales General Insurance Sales Insurance Sales Marketing

Salary related reviews for Kotak Mahindara Life Insurance

Rated by 1 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

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Kotak Mahindara Life Insurance Relationship Manager Salary FAQs

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

The average salary of a Relationship Manager at Kotak Mahindara Life Insurance in Nagpur typically ranges from ₹2.7 Lakhs to ₹3.9 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Relationship Manager in Nagpur at Kotak Mahindara Life Insurance earn more than ₹3.8 Lakhs per year, and the top 1% earn over ₹3.9 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 8 Kotak Mahindara Life Insurance employees in India.

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

The estimated take-home salary of a Relationship Manager at Kotak Mahindara Life Insurance in Nagpur typically ranges from ₹24,630 to ₹26,075 per month. This is based on the average salary range of ₹2.7 Lakhs to ₹3.9 Lakhs per year for employees with experience ranging from 1 year to 4 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 8 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 in Nagpur?

To be a Relationship Manager at Kotak Mahindara Life Insurance in Nagpur, 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?

Home First Finance Company India	₹4.5 Lakhs to ₹8.0 Lakhs per year
Axis Max Life Insurance	₹1.9 Lakhs to ₹5.5 Lakhs per year
PolicyBazaar	₹3.2 Lakhs to ₹5.5 Lakhs per year
Shriram Life Insurance	₹2.7 Lakhs to ₹4.9 Lakhs per year
Shubham Housing Development Finance	₹2.4 Lakhs to ₹4.0 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.

How the salary growth look like for a Relationship Manager at Kotak Mahindara Life Insurance in Nagpur?

The salary growth for a Relationship Manager at Kotak Mahindara Life Insurance in Nagpur depends on factors such as experience, performance, and promotions. On average, a Relationship Manager in Nagpur can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹3.0 Lakhs to ₹3.9 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.9 Lakhs per year
4 years	₹3.0 Lakhs to ₹3.9 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Relationship Manager Salaries in Nagpur

Kotak Mahindara Life Insurance Relationship Manager salary in Nagpur ranges between ₹2.7 Lakhs to ₹3.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.