Kotak Mahindara Life Insurance Sales Management Trainee Salaries by 7 Employees (Updated 2024)

0 - 1 year exp.

₹3.3 Lakhs - ₹4.3 Lakhs

Low Confidence

Salary of majority employees

46% less than the average Sales Management Trainee Salary in Insurance Companies for 0 - 1 year of experience

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Last Updated: 19 Oct 2024

Companies similar to Kotak Mahindara Life Insurance for Sales Management Trainee

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Management Trainee Salary 0 - 1 year exp. (17 salaries)	₹5.3 L/yr - ₹7.5 L/yr 68% more
HDFC Life Sales Management Trainee Salary 0 - 2 years exp. (3 salaries)	₹7.8 L/yr - ₹9.8 L/yr 121% more
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SBI Life Insurance Company Sales Management Trainee Salary Fresher (6 salaries)	₹6 L/yr - ₹7.5 L/yr 70% more
ICICI Lombard General Insurance Company Sales Management Trainee Salary 0 - 1 year exp. (8 salaries)	₹5.3 L/yr - ₹13.8 L/yr 105% more
ICICI Bank Sales Management Trainee Salary 0 - 1 year exp. (14 salaries)	₹6.5 L/yr - ₹16 L/yr 196% more

Sales Management Trainee salary at Kotak Mahindara Life Insurance ranges between ₹3.3 Lakhs to ₹4.3 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Sales Management Trainee salaries

Last Updated: 19 Oct 2024

Experience	Avg Annual Salary
Fresher (6 salaries)	₹3.3 L/yr - ₹4.3 L/yr
Login to view exact salary
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr

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Salary related reviews for Kotak Mahindara Life Insurance

4.2

Rated by 3 employees for salary & benefits

Sales Management Trainee in Hyderabad / Secunderabad

Life Insurance Department

5.0

• posted on 22 Apr 2022

4.0

for Salary and Benefits

Likes

...mates and manager also supportive and bring out best. Company policies are good. Get good salary hike and incentives.

Dislikes

There is nothing to say dislikes in our organization. From hr, manager, teammates all are very helpful always. In matters of career growth it will be little slow.

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.

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."

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

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..

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

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Kotak Mahindara Life Insurance Sales Management Trainee Salary FAQs

What is the salary of Sales Management Trainee at Kotak Mahindara Life Insurance?

Sales Management Trainee salary at Kotak Mahindara Life Insurance in India ranges between ₹3.3 Lakhs to ₹4.3 Lakhs for less than 1 year of experience. According to our estimates it is 46% less than the average Sales Management Trainee Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Sales Management Trainee at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Sales Management Trainee at Kotak Mahindara Life Insurance is 46% less than the average salary of a Sales Management Trainee in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Sales Management Trainee in India?

ICICI Bank Sales Management Trainee Salary - ₹6.5 Lakhs to ₹16.0 Lakhs per year
HDFC Life Sales Management Trainee Salary - ₹7.8 Lakhs to ₹9.8 Lakhs per year
ICICI Lombard General Insurance Company Sales Management Trainee Salary - ₹5.3 Lakhs to ₹13.8 Lakhs per year
SBI Life Insurance Company Sales Management Trainee Salary - ₹6.0 Lakhs to ₹7.5 Lakhs per year
ICICI Prudential Life Insurance Sales Management Trainee Salary - ₹5.3 Lakhs to ₹7.5 Lakhs per year

What is the estimated take home salary of a Sales Management Trainee at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Sales Management Trainee at Kotak Mahindara Life Insurance ranges between ₹28,042 per month to ₹29,436 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Sales Management Trainee salary in India which ranges between ₹3.3 Lakhs to ₹4.3 Lakhs per year for employees with less than 1 year of experience. Check how did we calculate take home salary?

What is the notice period for Sales Management Trainee at Kotak Mahindara Life Insurance?

According to AmbitionBox, 75% of the Kotak Mahindara Life Insurance Sales Management Trainees reported a notice period of 1 Month, 25% reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Sales Management Trainee Salaries

Kotak Mahindara Life Insurance Sales Management Trainee salary in India ranges between ₹3.3 Lakhs to ₹4.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.