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Kotak Mahindara Life Insurance Sales Advisor salaries in India (Updated 2025)

Annual salary range
0 - 2 years exp.
₹2.3 Lakhs - ₹5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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12% more than the average Sales Advisor Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

Sales & Business Development
Sales Advisor Salary
Fresher (AmbitionBox Estimate)
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₹2.3 L/yr - ₹3.6 L/yr

Customer Success, Service & Operations
Sales Advisor Salary
1 year exp. (AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr

Last Updated: 29 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Sales Advisor

Company name Avg Annual Salary Open Jobs
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₹2.2 L/yr - ₹4.8 L/yr

arrow icon 15% less
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₹1.9 L/yr - ₹4.5 L/yr

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₹3 L/yr - ₹3.6 L/yr

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₹1.5 L/yr - ₹4.5 L/yr

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HDFC Life Sales Advisor Salary

1 - 6 years exp. (7 salaries)

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₹1.8 L/yr - ₹3 L/yr

arrow icon 31% less
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Axis Max Life Insurance Sales Advisor Salary

1 - 5 years exp. (6 salaries)

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₹1.9 L/yr - ₹2.6 L/yr

arrow icon 33% less
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Shriram Life Insurance Sales Advisor Salary

0 - 3 years exp. (5 salaries)

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₹2 L/yr - ₹3 L/yr

arrow icon 40% less
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₹1.1 L/yr - ₹3.3 L/yr

arrow icon 41% less
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₹2 L/yr - ₹5 L/yr

arrow icon 33% less
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Tata AIA Life Insurance Sales Advisor Salary

1 - 5 years exp. (3 salaries)

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₹2.5 L/yr - ₹4.3 L/yr

arrow icon 1% less
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₹1.7 L/yr - ₹2 L/yr

arrow icon 49% less
Sales Advisor salary at Kotak Mahindara Life Insurance ranges between ₹2.3 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Sales Advisor

6mo ago
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1 year exp.
1y ago
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2 years exp.

Experience wise Kotak Mahindara Life Insurance Sales Advisor salaries

Last Updated: 29 Jan 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.3 L/yr
1 year (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.3 L/yr
2 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Sales Officer Salary
(8 salaries)
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₹1.5 L/yr - ₹4 L/yr
Sales Manager Salary
(563 salaries)
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₹2 L/yr - ₹6.22 L/yr
Sales Associate Salary
(10 salaries)
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₹1.8 L/yr - ₹2.5 L/yr
Sales Executive Salary
(35 salaries)
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₹0.8 L/yr - ₹5 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
Team Lead Salary
(34 salaries)
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₹1.2 L/yr - ₹6.95 L/yr
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₹3.8 L/yr - ₹5 L/yr
Deputy Manager Salary
(764 salaries)
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₹2 L/yr - ₹5.69 L/yr
Sales Representative Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

2.0

Rated by 1 employees for salary & benefits

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

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

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 Sales Advisor Salary FAQs

What is the salary of Sales Advisor at Kotak Mahindara Life Insurance ?
The average salary of a Sales Advisor at Kotak Mahindara Life Insurance in India typically ranges from ₹2.3 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 2 years).

The top 10% of Sales Advisor at Kotak Mahindara Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Sales Advisor 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 4 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Sales Advisor at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Sales Advisor at Kotak Mahindara Life Insurance in India typically ranges from ₹27,220 to ₹28,625 per month. This is based on the average salary range of ₹2.3 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 2 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 4 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Sales Advisor in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Sales Advisor 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:

Tata AIA Life Insurance ₹2.5 Lakhs to ₹4.3 Lakhs per year
HDFC Ergo General Insurance ₹3.0 Lakhs to ₹3.6 Lakhs per year
Star Health & Allied Insurance ₹2.2 Lakhs to ₹4.8 Lakhs per year
ICICI Lombard General Insurance Company ₹1.9 Lakhs to ₹4.5 Lakhs per year
ICICI Prudential Life Insurance ₹1.5 Lakhs to ₹4.5 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 Sales Advisor at Kotak Mahindara Life Insurance in India?
The salary growth for a Sales Advisor at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Sales Advisor can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
Fresher ₹2.6 Lakhs to ₹3.3 Lakhs per year
1 year ₹3.3 Lakhs to ₹4.3 Lakhs per year
2 years ₹4.1 Lakhs to ₹5.2 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Sales Advisor salary in India ranges between ₹2.3 Lakhs to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.