Kotak Mahindara Life Insurance Sales Manager Bancassurance Salaries by 7 Employees

2 - 10 years exp.

₹3.5 Lakhs - ₹5.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

At par with the average Sales Manager Bancassurance Salary in Insurance Companies for 2 - 10 years of experience

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Salaries in different departments

Customer Success, Service & Operations Sales Manager Bancassurance Salary 4 - 10 years exp. (3 salaries)	₹3.5 L/yr - ₹5.5 L/yr
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Sales & Business Development Sales Manager Bancassurance Salary 6 - 7 years exp. (3 salaries)	₹4.4 L/yr - ₹5.5 L/yr

Last Updated: 22 May 2024

Companies similar to Kotak Mahindara Life Insurance for Sales Manager Bancassurance

Company name	Avg Annual Salary	Open Jobs
HDFC Life Sales Manager Bancassurance Salary 0 - 9 years exp. (20 salaries)	₹1.8 L/yr - ₹7 L/yr 30% less
HDFC Ergo General Insurance Sales Manager Bancassurance Salary 2 - 12 years exp. (18 salaries)	₹3.1 L/yr - ₹5.3 L/yr 10% less
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ICICI Prudential Life Insurance Sales Manager Bancassurance Salary 1 - 10 years exp. (16 salaries)	₹5 L/yr - ₹10 L/yr 51% more
ICICI Lombard General Insurance Company Sales Manager Bancassurance Salary 1 - 13 years exp. (14 salaries)	₹3 L/yr - ₹10.6 L/yr 38% more	1 job opening
Bajaj Allianz Life Insurance Sales Manager Bancassurance Salary 3 - 7 years exp. (12 salaries)	₹2.3 L/yr - ₹4.2 L/yr 22% less
Tata AIA Life Insurance Sales Manager Bancassurance Salary 3 - 5 years exp. (5 salaries)	₹2.3 L/yr - ₹4 L/yr 23% less
Reliance Nippon Life Insurance Sales Manager Bancassurance Salary 2 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹3.9 L/yr 31% less
Axis Max Life Insurance Sales Manager Bancassurance Salary 4 - 7 years exp. (4 salaries)	₹3.1 L/yr - ₹4.7 L/yr 22% less
Aditya Birla Sun Life Insurance Sales Manager Bancassurance Salary 0 - 11 years exp. (4 salaries)	₹2.2 L/yr - ₹6.5 L/yr 15% less

Sales Manager Bancassurance salary at Kotak Mahindara Life Insurance ranges between ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Sales Manager Bancassurance salaries

Last Updated: 22 May 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.9 L/yr
3 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
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4 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.9 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹4.7 L/yr
7 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.5 L/yr
8 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.2 L/yr
9 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
10 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹5.5 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹2 L/yr - ₹7.64 L/yr

Top skills at Kotak Mahindara Life Insurance for Sales Manager Bancassurance

Life Insurance Bancassurance Sales Planning Cross Selling Sales Management Banking Upsell Relationship Management Sales banca sales Corporate Sales Business Development Team Leading Agency Sales Alternate Channel

Salary related reviews for Kotak Mahindara Life Insurance

2.5

Rated by 6 employees for salary & benefits

Recruitment Development Manager in Kalyan / Dombivli

Full Time

Other Department

5.0

• posted on 27 Jun 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 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

Assistant Manager Branch Operations in Guwahati

Customer Success, Service & Operations Department

5.0

• posted on 29 Jul 2020

5.0

for Salary and Benefits

Likes

Kotak life as a company for me it is very supportive I am very satisfied with work culture also I found growth and opportunity in Future, Job security. I am always thankful to my exteem organization kotak life.

Salary - Excellent

+6 more

Dislikes

Nothing as such...but salary is decent in our department.

Recruitment Development Manager in Vadodara

Marketing & Communication Department

4.0

• posted on 10 Dec 2017

1.0

for Salary and Benefits

Likes

Training support is best. Knowledge update program good

Skill development - Excellent

Dislikes

...pior have to increase intelligence level. Man management skill want to improve. Need Good professional but with cheaper salary. Not justify with quality

Salary - Bad

+1 more

Recruitment Development Manager in Hisar

RECRUITMENT AND DEVELOPEMENT MANAGER Department

3.0

• posted on 27 Mar 2018

2.0

for Salary and Benefits

Likes

IN KOTAK LIFE TRAINING FOR MANAGERS IS VERY GOOD.

Skill development - Good

+1 more

Dislikes

SALARY PACKAGES ARE VERY LOW AND NO CAREER GROWTH BECAUSE THE CAREER EXPRESS TARGETS ARE MENTIONED WITH " * ". THERE IS NO PHONE BILL REMB. OR NO TRAVEL ALLOUNCE.

Salary - Poor

+1 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Kotak Mahindara Life Insurance Sales Manager Bancassurance Salary FAQs

What is the salary of Sales Manager Bancassurance at Kotak Mahindara Life Insurance ?

The average salary of a Sales Manager Bancassurance at Kotak Mahindara Life Insurance in India typically ranges from ₹3.5 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Sales Manager Bancassurance at Kotak Mahindara Life Insurance earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Sales Manager Bancassurance 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 Manager Bancassurance at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Sales Manager Bancassurance at Kotak Mahindara Life Insurance in India typically ranges from ₹33,322 to ₹34,587 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 2 years 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 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 Manager Bancassurance at Kotak Mahindara Life Insurance ?

To be a Sales Manager Bancassurance at Kotak Mahindara Life Insurance in india, the key skills required include:

- Life Insurance
- Bancassurance
- Sales Planning
- Cross Selling
- Sales Management

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 Bancassurance in India?

ICICI Prudential Life Insurance	₹5.0 Lakhs to ₹10.0 Lakhs per year
ICICI Lombard General Insurance Company	₹3.0 Lakhs to ₹10.6 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 Bancassurance in companies similar to Kotak Mahindara Life Insurance in India?

The salary of a Sales Manager Bancassurance 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:

HDFC Ergo General Insurance	₹3.1 Lakhs to ₹5.3 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.2 Lakhs to ₹6.5 Lakhs per year
Axis Max Life Insurance	₹3.1 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹4.2 Lakhs per year
Tata AIA Life Insurance	₹2.3 Lakhs to ₹4.0 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 Bancassurance at Kotak Mahindara Life Insurance in India?

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

Experience	Average Salary Range
2 years	₹3.5 Lakhs to ₹7.9 Lakhs per year
3 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
4 years	₹3.5 Lakhs to ₹7.9 Lakhs per year
5 years	₹1.8 Lakhs to ₹4.5 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Sales Manager Bancassurance Salaries by Location

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Kotak Mahindara Life Insurance Sales Manager Bancassurance Salaries

Kotak Mahindara Life Insurance Sales Manager Bancassurance salary in India ranges between ₹3.5 Lakhs to ₹5.5 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.

Kotak Mahindara Life Insurance Sales Manager Bancassurance salaries in India

Companies similar to Kotak Mahindara Life Insurance for Sales Manager Bancassurance

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

Experience wise Kotak Mahindara Life Insurance Sales Manager Bancassurance salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Sales Manager Bancassurance

Salary related reviews for Kotak Mahindara Life Insurance

Recruitment Development Manager in Kalyan / Dombivli

Relationship Manager in Kolkata

Assistant Manager Branch Operations in Guwahati

Recruitment Development Manager in Vadodara

Recruitment Development Manager in Hisar

Kotak Mahindara Life Insurance Sales Manager Bancassurance Salary FAQs

Tell us how to improve this page.

Kotak Mahindara Life Insurance Sales Manager Bancassurance Salaries by Location