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

Annual salary range
2 - 9 years exp.
₹4 Lakhs - ₹4.8 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.
Avg. annual salary
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Monthly In-hand Salary

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At par with the average Sales Bancassurance Manager Salary in Insurance Companies for 2 - 9 years of experience

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Salaries in different departments

Sales & Business Development
Sales Bancassurance Manager Salary
2 - 9 years exp. (4 salaries)
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₹4.3 L/yr - ₹4.8 L/yr

BFSI, Investments & Trading
Sales Bancassurance Manager Salary
3 - 6 years exp. (3 salaries)
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₹4 L/yr - ₹4.5 L/yr

Last Updated: 19 Feb 2025

Sales Bancassurance Manager salary at Kotak Mahindara Life Insurance ranges between ₹4 Lakhs to ₹4.8 Lakhs per year for employees with experience between 2 years to 9 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Sales Bancassurance Manager

1mo ago
₹4.5 Lakhs
6 years exp.
6mo ago
₹4.5 Lakhs
3 years exp.
7mo ago
₹4.5 Lakhs
5 years exp.
1y ago
₹4.3 Lakhs
2 years exp.

Experience wise Kotak Mahindara Life Insurance Sales Bancassurance Manager salaries

Last Updated: 19 Feb 2025

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹4.3 L/yr
3 years (AmbitionBox Estimate)

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₹4 L/yr - ₹4.5 L/yr
4 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹8.1 L/yr
View all

Top skills at Kotak Mahindara Life Insurance for Sales Bancassurance Manager

Life Insurance Bancassurance Corporate Sales Business Development Sales Management Sales Alternate Channel banca

Salary related reviews for Kotak Mahindara Life Insurance

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

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 18 Nov 2024

1.0
 for  Salary and Benefits

Likes

work life balance and the culture of the organization

  • Job security - Good
  • +2 more

Dislikes

Salary not up to the mark. not paid as per industry standard. additional branches, additional works given without proper hike in salary. Branches have poor depressing culture, no celebration, revenue generating teams at branches are recognized, not the backend teams irrespective of their contribution to the success. Overall branches are not happy place to work.

read more
  • Salary - Bad
  • +1 more

Full Time

 · 

Sales & Business Development Department

2.0
  •  posted on 01 May 2024

2.0
 for  Salary and Benefits

Likes

Nothing good to write about.

Dislikes

Can't even count the dislikes. 1. You are never sure that you will get your salary on time. HR can (by mistake) mistakes at time of salary credit. 2. Upper management lies alot. 3. You wont learn anything, if u have ideas of growth and benificial for the company (Forget It) 4. HR is just a word, the people of the department don't know what HR does for a change. 5. You will be promissed alot of things at time of joining, rest assured they are just a myth. This list can go on and on, i just don't wanna waste my time on them anymore.

read more
  • Salary - Poor
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more
  • Job security - Excellent
  • +2 more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

read more
  • Salary - Poor
  • +1 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
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Kotak Mahindara Life Insurance Sales Bancassurance Manager Salary FAQs

What is the salary of Sales Bancassurance Manager at Kotak Mahindara Life Insurance ?
The average salary of a Sales Bancassurance Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹4.0 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 2 years to 9 years).

The top 10% of Sales Bancassurance Manager at Kotak Mahindara Life Insurance earn more than ₹4.8 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Sales Bancassurance 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 7 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Sales Bancassurance Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Sales Bancassurance Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹33,297 to ₹34,562 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 2 years to 9 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 7 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 Sales Bancassurance Manager at Kotak Mahindara Life Insurance ?
To be a Sales Bancassurance Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

  • - Life Insurance
  • - Bancassurance
  • - Corporate Sales
  • - Business Development
  • - Sales Management

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.
How the salary growth look like for a Sales Bancassurance Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Sales Bancassurance Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Sales Bancassurance Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
2 years ₹1.7 Lakhs to ₹4.3 Lakhs per year
3 years ₹4.0 Lakhs to ₹4.5 Lakhs per year
4 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
5 years ₹1.8 Lakhs to ₹4.5 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Sales Bancassurance Manager salary in India ranges between ₹4 Lakhs to ₹4.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.