Kotak Mahindara Life Insurance Mumbai Sales Advisor Salaries by 3 Employees (Updated 2025)

0 - 2 years exp.

₹2.3 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

At par with the average Sales Advisor Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

Customer Success, Service & Operations Sales Advisor Salary 1 year exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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Sales & Business Development Sales Advisor Salary Fresher (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr

Last Updated: 29 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Sales Advisor in Mumbai

Kotak Mahindara Life Insurance Sales Advisor Salary

0 - 2 years exp. (3 salaries)

₹2.3 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Sales Advisor Salary 5 - 10 years exp. (3 salaries)	₹2.5 L/yr - ₹5 L/yr 2% more
HDFC Ergo General Insurance Sales Advisor Salary 3 - 4 years exp. (3 salaries)	₹3 L/yr - ₹3.2 L/yr 12% less
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H&M Sales Advisor Salary 0 - 8 years exp. (40 salaries)	₹2 L/yr - ₹4.5 L/yr 1% less	1 job opening
PolicyBazaar Sales Advisor Salary 0 - 5 years exp. (15 salaries)	₹2 L/yr - ₹3.6 L/yr 7% less
Teleperformance Sales Advisor Salary 0 - 6 years exp. (10 salaries)	₹1.2 L/yr - ₹4.8 L/yr 25% 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 3 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Sales Advisor salaries in Mumbai

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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2 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(441 salaries)

₹2 L/yr - ₹5.69 L/yr

Sales Manager Salary

(70 salaries)

₹2.6 L/yr - ₹5.5 L/yr

Sales Associate Salary

(7 salaries)

₹1.8 L/yr - ₹2.1 L/yr

Team Lead Salary

(7 salaries)

₹2.4 L/yr - ₹6 L/yr

Sales Executive Salary

(6 salaries)

₹1.45 L/yr - ₹3.47 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

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

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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindara Life Insurance Sales Advisor Salary FAQs

What is the notice period for Sales Advisor at Kotak Mahindara Life Insurance in Mumbai?

According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Sales Advisors in Mumbai reported a notice period of 3 Months, 50% reported a notice period of More than 3 months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Sales Advisor Salaries in Mumbai

Kotak Mahindara Life Insurance Sales Advisor salary in Mumbai ranges between ₹2.3 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.