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

Annual salary range
0 - 10 years exp.
₹2 Lakhs - ₹6.2 Lakhs
Salary of majority employees
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37% less than the average Sales Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role? 6 job openings

Salaries in different departments

BFSI, Investments & Trading
Sales Manager Salary
0 - 10 years exp. (185 salaries)
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₹2.5 L/yr - ₹6.2 L/yr

Sales & Business Development
Sales Manager Salary
0 - 10 years exp. (138 salaries)
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₹3 L/yr - ₹6 L/yr

Customer Success, Service & Operations
Sales Manager Salary
0 - 10 years exp. (42 salaries)
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₹2.5 L/yr - ₹5.6 L/yr

Marketing & Communication
Sales Manager Salary
0 - 8 years exp. (41 salaries)
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₹3.2 L/yr - ₹5.5 L/yr

Finance & Accounting
Sales Manager Salary
0 - 9 years exp. (29 salaries)
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₹2.6 L/yr - ₹5.3 L/yr

Last Updated: 23 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Sales Manager

Company name Avg Annual Salary Open Jobs
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₹2.5 L/yr - ₹10.6 L/yr

arrow icon 55% more
21 job openings
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HDFC Life Sales Manager Salary

0 - 11 years exp. (697 salaries)

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₹1.1 L/yr - ₹7.5 L/yr

arrow icon 8% more
4 job openings
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Axis Max Life Insurance Sales Manager Salary

0 - 10 years exp. (614 salaries)

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₹2.7 L/yr - ₹6.2 L/yr

arrow icon 3% more
4 job openings
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₹2 L/yr - ₹11.4 L/yr

arrow icon 51% more
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HDFC Ergo General Insurance Sales Manager Salary

0 - 10 years exp. (283 salaries)

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₹2.4 L/yr - ₹7.7 L/yr

arrow icon 2% less
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₹1.5 L/yr - ₹5 L/yr

arrow icon 31% less
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₹0.6 L/yr - ₹6 L/yr

arrow icon 30% less
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₹2.2 L/yr - ₹10.5 L/yr

arrow icon 41% more
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₹1.9 L/yr - ₹7 L/yr

arrow icon 19% less
16 job openings
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Tata AIA Life Insurance Sales Manager Salary

4 - 11 years exp. (189 salaries)

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₹2.4 L/yr - ₹8.9 L/yr

arrow icon 30% more
3 job openings
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Shriram Life Insurance Sales Manager Salary

0 - 7 years exp. (112 salaries)

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₹1.7 L/yr - ₹7 L/yr

arrow icon 30% less
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SBI Life Insurance Company Sales Manager Salary

0 - 10 years exp. (87 salaries)

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₹1.2 L/yr - ₹5.5 L/yr

arrow icon 22% less
1 job opening
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₹4.3 L/yr - ₹6.5 L/yr

arrow icon 18% more
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₹2.9 L/yr - ₹5.5 L/yr

arrow icon 2% more
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₹4.8 L/yr - ₹5.3 L/yr

arrow icon 13% more
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Docland Sales Manager Salary

3 - 19 years exp. (4 salaries)

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₹2.4 L/yr - ₹4.2 L/yr

arrow icon 25% less
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₹3.3 L/yr - ₹4.3 L/yr

arrow icon 17% less
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AIG Sales Manager Salary

1 - 4 years exp. (4 salaries)

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₹5.6 L/yr - ₹6.3 L/yr

arrow icon 33% more
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₹4.5 L/yr - ₹13.5 L/yr

arrow icon 121% more
Sales Manager salary at Kotak Mahindara Life Insurance ranges between ₹2 Lakhs to ₹6.2 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 563 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Sales Manager

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Experience wise Kotak Mahindara Life Insurance Sales Manager salaries

Last Updated: 23 Mar 2025

Experience Avg Annual Salary
Fresher  (47 salaries)

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₹2 L/yr - ₹4.6 L/yr
1 year  (58 salaries)

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₹2.5 L/yr - ₹5.1 L/yr
2 years  (60 salaries)

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₹2.5 L/yr - ₹5 L/yr
3 years  (62 salaries)

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₹2.9 L/yr - ₹5 L/yr
4 years  (87 salaries)

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₹2.5 L/yr - ₹5.3 L/yr
View all
Kotak Mahindara Life Insurance Sales Manager Salary and Career Growth

From

To

Sales Manager

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0 - 10 years exp.

Branch Manager

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3 - 18 years exp.

Sales Manager 0 - 10 years exp.
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Assistant Branch Manager 3 - 15 years exp.
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arrow icon 48% hike
    Branch Manager 3 - 18 years exp.
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    arrow icon 34% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Kotak Mahindara Life Insurance

    Store Manager Salary
    (AmbitionBox Estimate)
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    ₹25.7 L/yr - ₹32.8 L/yr
    Area Manager Salary
    (30 salaries)
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    ₹4.7 L/yr - ₹17.5 L/yr
    Branch Manager Salary
    (202 salaries)
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    ₹5 L/yr - ₹13 L/yr
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    ₹3.5 L/yr - ₹8.4 L/yr
    Sales Officer Salary
    (8 salaries)
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    ₹1.5 L/yr - ₹4 L/yr
    Zonal Sales Manager Salary
    (AmbitionBox Estimate)
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    ₹22.5 L/yr - ₹28.7 L/yr
    Deputy Manager Salary
    (764 salaries)
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    ₹2 L/yr - ₹5.69 L/yr
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    ₹3.3 L/yr - ₹6.2 L/yr
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    ₹3 L/yr - ₹6.8 L/yr
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    ₹3.5 L/yr - ₹7 L/yr

    Top skills at Kotak Mahindara Life Insurance for Sales Manager

    Sales Life Insurance Field Sales Agency Sales Business Development B2B Sales Sales Management Insurance Sales Relationship Management direct marketing Corporate Sales Agency Channel banca sales Life Insurance Direct Sales

    Salary related reviews for Kotak Mahindara Life Insurance

    3.5

    Rated by 191 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

    Insurance Department

    4.0
      •  posted on 11 Apr 2021

    4.0
     for  Salary and Benefits

    Likes

    Skill development learning,work life balance,compensation and benefits,company culture is good,career growth is there,employee behaviour is good,fast growth in business along with career goal setting,promotion achievement etc

    read more
    • Salary - Good
    • +5 more

    Dislikes

    Too much work pressure while doing job, target setting along with achievement is very much important,job security depends upon the performane of it,lots of politics occurs in the management .

    read more

    Sales & Business Development Department

    5.0
      •  posted on 27 Jun 2020

    5.0
     for  Salary and Benefits

    Likes

    ...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

    read more
    • Salary - Excellent
    • +6 more

    Dislikes

    There is a lot of politics and tge management doesn't matter address our issue. Salary is decent time but career growth is slow.

    read more

    Marketing & Communication Department

    5.0
      •  posted on 28 Mar 2018

    5.0
     for  Salary and Benefits

    Likes

    The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high-quality products and has a global client base. As a result, I get to travel abroad, especially to the US and Canada. But on-site travel is completely dependent on your project and client’s location. Mine is a US based client and they have some offices in Toronto, hence I got a B1 visa quickly. Another plus point is that my colleagues come from various cultural backgrounds, and we work happily in collaboration. I also like the employee re-hire policy here

    read more
    • Salary - Excellent
    • +6 more

    Dislikes

    Compensation is decent, but growth is slow. The work pressure is very high. Sometimes, I have to work 14-18 hours straight in a day as I have to attend client calls in the evening and sometimes late into the night. Managers do not value an individuals’ unique strengths, which is why I have to take back my suggestions most of the times. I do receive appreciation emails from my client, but they mostly go unnoticed during my mid-year appraisals. Also, there is no on-job training for freshers, hence senior folks like me have to guide them step-by-step, which is a pain sometimes.

    read 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
    see more salary related reviews

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    Kotak Mahindara Life Insurance Sales Manager Salary FAQs

    What is the salary of Sales Manager at Kotak Mahindara Life Insurance ?
    The average salary of a Sales Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹2.0 Lakhs to ₹6.2 Lakhs per year, depending on experience (from Fresher to 10 years).

    The top 10% of Sales Manager at Kotak Mahindara Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.7 Lakhs per year. Sales 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 500+ Kotak Mahindara Life Insurance employees in India.
    What is the estimated take home salary of a Sales Manager at Kotak Mahindara Life Insurance in India?
    The estimated take-home salary of a Sales Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹32,913 to ₹34,184 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹6.2 Lakhs per year for employees with experience ranging from Fresher to 10 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 500+ 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 Manager at Kotak Mahindara Life Insurance ?
    To be a Sales Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

    • - Sales
    • - Life Insurance
    • - Field Sales
    • - Agency Sales
    • - Business Development

    These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.
    Which companies offer higher salaries than Kotak Mahindara Life Insurance for Sales Manager in India?
    Maruti Suzuki Insurance Broking ₹4.5 Lakhs to ₹13.5 Lakhs per year
    ICICI Prudential Life Insurance ₹2.5 Lakhs to ₹10.6 Lakhs per year
    ICICI Lombard General Insurance Company ₹2.0 Lakhs to ₹11.4 Lakhs per year
    Aditya Birla Sun Life Insurance ₹2.2 Lakhs to ₹10.5 Lakhs per year
    AIG ₹5.6 Lakhs to ₹6.3 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.
    What is the salary of a Sales Manager in companies similar to Kotak Mahindara Life Insurance in India?
    The salary of a Sales Manager 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 ₹2.4 Lakhs to ₹8.9 Lakhs per year
    Kotak Mahindra General Insurance ₹4.3 Lakhs to ₹6.5 Lakhs per year
    Aegon Religare Life Insurance ₹4.8 Lakhs to ₹5.3 Lakhs per year
    HDFC Life ₹1.1 Lakhs to ₹7.5 Lakhs per year
    Axis Max Life Insurance ₹2.7 Lakhs to ₹6.2 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 Manager at Kotak Mahindara Life Insurance in India?
    The salary growth for a Sales Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Sales Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

    Experience Average Salary Range
    Fresher ₹2.0 Lakhs to ₹4.6 Lakhs per year
    1 year ₹2.5 Lakhs to ₹5.1 Lakhs per year
    2 years ₹2.5 Lakhs to ₹5.0 Lakhs per year
    3 years ₹2.9 Lakhs to ₹5.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Kotak Mahindara Life Insurance Sales Manager salary in India ranges between ₹2 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 563 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.