Kotak Mahindara Life Insurance Senior Associate Salaries by 4 Employees

2 - 8 years exp.

₹2.8 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

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63% less than the average Senior Associate Salary in Insurance Companies for 2 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Associate Salary 2 - 3 years exp. (AmbitionBox Estimate)	Unlock ₹3.4 L/yr - ₹3.5 L/yr
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Customer Success, Service & Operations Senior Associate Salary 7 - 8 years exp. (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹3.4 L/yr

Last Updated: 1 Dec 2023

Companies similar to Kotak Mahindara Life Insurance for Senior Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Associate Salary 1 - 10 years exp. (291 salaries)	Unlock ₹2.5 L/yr - ₹5.5 L/yr 24% more
HDFC Life Senior Associate Salary 0 - 9 years exp. (777 salaries)	Unlock ₹1.1 L/yr - ₹4.6 L/yr 3% less	2 job openings
Login to view exact salary
SBI Life Insurance Company Senior Associate Salary 0 - 11 years exp. (540 salaries)	Unlock ₹2 L/yr - ₹6.8 L/yr 21% more
Max Life Insurance Senior Associate Salary 2 - 5 years exp. (21 salaries)	Unlock ₹2.1 L/yr - ₹5 L/yr 5% more	1 job opening
Bajaj Allianz Life Insurance Senior Associate Salary 0 - 6 years exp. (9 salaries)	Unlock ₹3 L/yr - ₹5.5 L/yr 14% more
Reliance Nippon Life Insurance Senior Associate Salary 2 - 6 years exp. (6 salaries)	Unlock ₹1.8 L/yr - ₹2.8 L/yr 31% less
Aditya Birla Sun Life Insurance Senior Associate Salary 1 - 5 years exp. (7 salaries)	Unlock ₹2 L/yr - ₹6 L/yr 21% more
Tata AIA Life Insurance Senior Associate Salary 5 - 6 years exp. (3 salaries)	Unlock ₹3.5 L/yr - ₹7 L/yr 48% more
PNB MetLife Senior Associate Salary 2 - 10 years exp. (6 salaries)	Unlock ₹1.9 L/yr - ₹4.5 L/yr 4% less
Life Insurance Corporation of India Senior Associate Salary 6 - 8 years exp. (4 salaries)	Unlock ₹2.5 L/yr - ₹6 L/yr 3% more
HDFC Ergo General Insurance Senior Associate Salary 1 - 7 years exp. (85 salaries)	Unlock ₹3 L/yr - ₹6 L/yr 12% more
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Gallagher Senior Associate Salary 3 - 8 years exp. (50 salaries)	Unlock ₹2.6 L/yr - ₹8 L/yr 51% more
Allianz Senior Associate Salary 1 - 5 years exp. (15 salaries)	Unlock ₹3 L/yr - ₹5.5 L/yr 11% more
Shriram Life Insurance Senior Associate Salary 1 - 7 years exp. (14 salaries)	Unlock ₹2.4 L/yr - ₹3.2 L/yr 19% less
ICICI Lombard General Insurance Company Senior Associate Salary 4 - 10 years exp. (13 salaries)	Unlock ₹3 L/yr - ₹6.5 L/yr 34% more
Empower Senior Associate Salary 3 - 8 years exp. (12 salaries)	Unlock ₹4.1 L/yr - ₹7 L/yr 68% more
Swiss Re Senior Associate Salary 3 - 13 years exp. (7 salaries)	Unlock ₹6.5 L/yr - ₹17.6 L/yr 264% more
Star Health & Allied Insurance Senior Associate Salary 1 - 6 years exp. (7 salaries)	Unlock ₹1.1 L/yr - ₹4.3 L/yr 22% less
AXA Senior Associate Salary 1 - 5 years exp. (6 salaries)	Unlock ₹2.8 L/yr - ₹7.7 L/yr 28% more
XL Catlin Senior Associate Salary 4 - 6 years exp. (5 salaries)	Unlock ₹6.5 L/yr - ₹8 L/yr 111% more

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Senior Associate salary at Kotak Mahindara Life Insurance ranges between ₹2.8 Lakhs to ₹3.5 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Senior Associate salaries

Last Updated: 1 Dec 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹3.4 L/yr - ₹6.3 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹3.4 L/yr - ₹6.3 L/yr
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4 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹4 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹4 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹3.1 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹6.2 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹2.8 L/yr - ₹6.2 L/yr

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Salary related reviews for Kotak Mahindara Life Insurance

4.0

Rated by 2 employees for salary & benefits

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.

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."

Salary - Bad

+2 more

Admin Manager in Hyderabad / Secunderabad

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.

Salary - Bad

+1 more

Senior Manager in Jorhat

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.

Salary - Poor

+6 more

Chief Manager in Mumbai

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.

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

Salary - Poor

+1 more

Deputy Manager in Mumbai

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

Skill development - Poor

+4 more

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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Kotak Mahindara Life Insurance Senior Associate Salary FAQs

What is the salary of Senior Associate at Kotak Mahindara Life Insurance?

Senior Associate salary at Kotak Mahindara Life Insurance in India ranges between ₹2.8 Lakhs to ₹3.5 Lakhs for experience between 2 years to 8 years. According to our estimates it is 63% less than the average Senior Associate Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Senior Associate at Kotak Mahindara Life Insurance is 63% less than the average salary of a Senior Associate in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Senior Associate in India?

Swiss Re Senior Associate Salary - ₹6.5 Lakhs to ₹17.6 Lakhs per year
The New India Assurance Co. Senior Associate Salary - ₹5.2 Lakhs to ₹12.0 Lakhs per year
XL Catlin Senior Associate Salary - ₹6.5 Lakhs to ₹8.0 Lakhs per year
Empower Senior Associate Salary - ₹4.1 Lakhs to ₹7.0 Lakhs per year
Gallagher Senior Associate Salary - ₹2.6 Lakhs to ₹8.0 Lakhs per year

What is the salary of a Senior Associate in companies similar to Kotak Mahindara Life Insurance in India?

Tata AIA Life Insurance Senior Associate Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
SBI General Insurance Senior Associate Salary - ₹2.7 Lakhs to ₹7.5 Lakhs per year
United India Insurance Company Senior Associate Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
ICICI Lombard General Insurance Company Senior Associate Salary - ₹3.0 Lakhs to ₹6.5 Lakhs per year
AXA Senior Associate Salary - ₹2.8 Lakhs to ₹7.7 Lakhs per year

What is the estimated take home salary of a Senior Associate at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Senior Associate at Kotak Mahindara Life Insurance ranges between ₹25,255 per month to ₹26,690 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Senior Associate salary in India which ranges between ₹2.8 Lakhs to ₹3.5 Lakhs per year for employees with experience between 2 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Senior Associate at Kotak Mahindara Life Insurance?

According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Senior Associates reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Senior Associate Salaries

Kotak Mahindara Life Insurance Senior Associate salary in India ranges between ₹2.8 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.