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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Sales Manager salaries in Chennai

Annual salary range
0 - 9 years exp.
₹3 Lakhs - ₹5.5 Lakhs
Salary of majority employees
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28% less than the average Sales Manager Salary in Insurance Companies for 0 - 9 years of experience

Interested in this particular role? 8 job openings

Salaries in different departments

BFSI, Investments & Trading
Sales Manager Salary
0 - 9 years exp. (16 salaries)
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₹3 L/yr - ₹5.3 L/yr

Sales & Business Development
Sales Manager Salary
0 - 8 years exp. (14 salaries)
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₹3.5 L/yr - ₹5.5 L/yr

Marketing & Communication
Sales Manager Salary
6 - 8 years exp. (3 salaries)
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₹4.7 L/yr - ₹5.4 L/yr

Customer Success, Service & Operations
Sales Manager Salary
1 - 3 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹5.1 L/yr

Finance & Accounting
Sales Manager Salary
0 - 5 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹5.3 L/yr

Last Updated: 14 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Sales Manager in Chennai

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Kotak Mahindara Life Insurance Sales Manager Salary

0 - 9 years exp. (46 salaries)

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₹3 L/yr - ₹5.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Sales Manager Salary

0 - 11 years exp. (63 salaries)

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₹2.4 L/yr - ₹6.2 L/yr

arrow icon 4% more
1 job opening
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₹3.5 L/yr - ₹10 L/yr

arrow icon 43% more
1 job opening
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Max Life Insurance Sales Manager Salary

0 - 9 years exp. (39 salaries)

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₹3 L/yr - ₹5.2 L/yr

arrow icon 4% less
4 job openings
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₹3.1 L/yr - ₹11.4 L/yr

arrow icon 54% more
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₹1.8 L/yr - ₹6 L/yr

arrow icon 31% less
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₹2.2 L/yr - ₹8 L/yr

arrow icon 32% more
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₹3 L/yr - ₹7 L/yr

arrow icon 8% less
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Tata AIA Life Insurance Sales Manager Salary

3 - 10 years exp. (13 salaries)

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₹4 L/yr - ₹8.8 L/yr

arrow icon 20% more
16 job openings
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AIG Sales Manager Salary

1 - 5 years exp. (4 salaries)

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₹5.6 L/yr - ₹6.3 L/yr

arrow icon 27% more
Sales Manager salary at Kotak Mahindara Life Insurance ranges between ₹3 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Sales Manager in Chennai

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Experience wise Kotak Mahindara Life Insurance Sales Manager salaries in Chennai

Last Updated: 14 Jan 2025

Experience Avg Annual Salary
Fresher  (5 salaries)

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₹3.5 L/yr - ₹4.6 L/yr
1 year  (6 salaries)

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₹3.5 L/yr - ₹5.1 L/yr
2 years (AmbitionBox Estimate)

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₹3 L/yr - ₹4.4 L/yr
3 years (AmbitionBox Estimate)

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₹4 L/yr - ₹8 L/yr
4 years  (7 salaries)

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₹3.5 L/yr - ₹5 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 - 17 years exp.

Sales Manager 0 - 10 years exp.
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Assistant Branch Manager 6 - 14 years exp.
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arrow icon 49% hike
    Branch Manager 3 - 17 years exp.
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    arrow icon 37% 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

    Deputy Manager Salary
    (55 salaries)
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    ₹2.5 L/yr - ₹5.45 L/yr
    Branch Manager Salary
    (15 salaries)
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    ₹5.5 L/yr - ₹9 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 Direct Sales Tied Channel

    Salary related reviews for Kotak Mahindara Life Insurance

    3.5

    Rated by 6 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.

    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

    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

    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.

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    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.

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    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

    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.

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    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
    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 Chennai?
    Sales Manager salary at Kotak Mahindara Life Insurance in Chennai ranges between ₹3.0 Lakhs to ₹5.5 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 28% less than the average Sales Manager Salary in India. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindara Life Insurance Chennai.
    How does the salary of a Sales Manager at Kotak Mahindara Life Insurance Chennai compare with the average salary range for this job?
    The average salary of a Sales Manager at Kotak Mahindara Life Insurance is 28% less than the average salary of a Sales Manager in Chennai. To know exact salary insights, login to view.
    What are the top skills required to work as a Sales Manager at Kotak Mahindara Life Insurance?
    Sales, Life Insurance, Field Sales, Agency Sales and Business Development are some of the popular skills required to work as a Sales Manager at Kotak Mahindara Life Insurance Chennai.
    Which similar companies are paying more than Kotak Mahindara Life Insurance to a Sales Manager in Chennai?
    • ICICI Lombard General Insurance Company Sales Manager Salary - ₹3.1 Lakhs to ₹11.4 Lakhs per year
    • ICICI Prudential Life Insurance Sales Manager Salary - ₹3.5 Lakhs to ₹10.0 Lakhs per year
    • Aditya Birla Sun Life Insurance Sales Manager Salary - ₹2.2 Lakhs to ₹8.0 Lakhs per year
    • AIG Sales Manager Salary - ₹5.6 Lakhs to ₹6.3 Lakhs per year
    • Tata AIA Life Insurance Sales Manager Salary - ₹4.0 Lakhs to ₹8.8 Lakhs per year
    What is the salary of a Sales Manager in companies similar to Kotak Mahindara Life Insurance in Chennai?
    • HDFC Life Sales Manager Salary - ₹2.4 Lakhs to ₹6.2 Lakhs per year
    • Max Life Insurance Sales Manager Salary - ₹3.0 Lakhs to ₹5.2 Lakhs per year
    • HDFC Ergo General Insurance Sales Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year
    • Star Health & Allied Insurance Sales Manager Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
    What is the estimated take home salary of a Sales Manager at Kotak Mahindara Life Insurance in Chennai?
    The estimated take-home salary of a Sales Manager at Kotak Mahindara Life Insurance ranges between ₹34,849 per month to ₹36,091 per month in Chennai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Sales Manager salary in India which ranges between ₹3.0 Lakhs to ₹5.5 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?
    What is the notice period for Sales Manager at Kotak Mahindara Life Insurance in Chennai?
    According to AmbitionBox, 39% of the Kotak Mahindara Life Insurance Sales Managers in Chennai reported a notice period of 2 Months, 35% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 31 responses on AmbitionBox in last 2 years.

    Tell us how to improve this page.

    Kotak Mahindara Life Insurance Sales Manager salary in Chennai ranges between ₹3 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 46 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.