Kotak Mahindara Life Insurance Mumbai Sales Associate Salaries by 5 Employees

4 - 12 years exp.

₹1.8 Lakh - ₹2.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

38% less than the average Sales Associate Salary in Insurance Companies for 4 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Associate Salary 9 - 12 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.1 L/yr
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Finance & Accounting Sales Associate Salary 4 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2 L/yr

Last Updated: 17 Jan 2024

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

Kotak Mahindara Life Insurance Sales Associate Salary

4 - 12 years exp. (5 salaries)

₹1.8 L/yr - ₹2.1 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Sales Associate Salary 0 - 5 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 91% more
ICICI Lombard General Insurance Company Sales Associate Salary 2 - 4 years exp. (3 salaries)	₹1.5 L/yr - ₹3.9 L/yr 27% more
Login to view exact salary
Amazon Sales Associate Salary 2 - 9 years exp. (45 salaries)	₹5.7 L/yr - ₹9.5 L/yr 290% more	12 job openings
Lenskart Sales Associate Salary 0 - 6 years exp. (39 salaries)	₹2 L/yr - ₹4 L/yr 39% more	10 job openings
Reliance Retail Sales Associate Salary 1 - 6 years exp. (29 salaries)	₹1 L/yr - ₹4 L/yr 19% more	3 job openings

Sales Associate salary at Kotak Mahindara Life Insurance ranges between ₹1.8 Lakh to ₹2.1 Lakhs per year for employees with experience between 4 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Sales Associate salaries in Mumbai

Last Updated: 17 Jan 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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6 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
8 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
9 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
10 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
11 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr
12 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(434 salaries)

₹2.25 L/yr - ₹5.74 L/yr

Sales Manager Salary

(75 salaries)

₹2.6 L/yr - ₹5.75 L/yr

Sales Executive Salary

(7 salaries)

₹1.45 L/yr - ₹3.47 L/yr

Team Lead Salary

(7 salaries)

₹2.15 L/yr - ₹6 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

1.0

Rated by 1 employees for salary & benefits

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

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

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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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 Sales Associate Salary FAQs

What is the salary of Sales Associate at Kotak Mahindara Life Insurance in Mumbai?

The average salary of a Sales Associate at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹1.8 Lakhs to ₹2.1 Lakhs per year, depending on experience (from 4 years to 12 years).

The top 10% of Sales Associate in Mumbai at Kotak Mahindara Life Insurance earn more than ₹2.1 Lakhs per year, and the top 1% earn over ₹2.1 Lakhs per year. Sales Associate 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 5 Kotak Mahindara Life Insurance employees in India.

What is the estimated take home salary of a Sales Associate at Kotak Mahindara Life Insurance in Mumbai?

The estimated take-home salary of a Sales Associate at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹13,847 to ₹15,315 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹2.1 Lakhs per year for employees with experience ranging from 4 years to 12 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 5 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindara Life Insurance for Sales Associate in India?

Amazon	₹5.7 Lakhs to ₹9.5 Lakhs per year
HDFC Ergo General Insurance	₹3.0 Lakhs to ₹4.5 Lakhs per year
Lenskart	₹2.0 Lakhs to ₹4.0 Lakhs per year
ICICI Lombard General Insurance Company	₹1.5 Lakhs to ₹3.9 Lakhs per year
Reliance Retail	₹1.0 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 Sales Associate at Kotak Mahindara Life Insurance in Mumbai?

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

Experience	Average Salary Range
4 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
5 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
6 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
7 years	₹1.8 Lakhs to ₹2.3 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Sales Associate Salaries in Mumbai

Kotak Mahindara Life Insurance Sales Associate salary in Mumbai ranges between ₹1.8 Lakh to ₹2.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.