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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Senior Branch Manager salaries in India

Annual salary range
12 - 19 years exp.
₹9.1 Lakhs - ₹14.3 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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7% more than the average Senior Branch Manager Salary in Insurance Companies for 12 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Branch Manager Salary
14 - 15 years exp. (4 salaries)
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₹9.5 L/yr - ₹12.5 L/yr

Sales & Business Development
Senior Branch Manager Salary
12 - 17 years exp. (AmbitionBox Estimate)
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₹9.1 L/yr - ₹12 L/yr

Last Updated: 31 Oct 2024

Companies similar to Kotak Mahindara Life Insurance for Senior Branch Manager

Company name Avg Annual Salary Open Jobs
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₹10 L/yr - ₹16 L/yr

arrow icon 16% more
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HDFC Life Senior Branch Manager Salary

10 - 20 years exp. (84 salaries)

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₹7.8 L/yr - ₹14.7 L/yr

At par
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₹9 L/yr - ₹17 L/yr

arrow icon 12% more
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Max Life Insurance Senior Branch Manager Salary

10 - 22 years exp. (10 salaries)

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₹9 L/yr - ₹13.6 L/yr

arrow icon 3% less
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₹6 L/yr - ₹15.1 L/yr

arrow icon 12% less
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₹6.5 L/yr - ₹14 L/yr

arrow icon 17% less
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₹8 L/yr - ₹15 L/yr

arrow icon 6% more
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₹10 L/yr - ₹17 L/yr

arrow icon 22% more
1 job opening
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PNB MetLife Senior Branch Manager Salary

11 - 20 years exp. (38 salaries)

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₹12 L/yr - ₹16.5 L/yr

arrow icon 18% more
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₹6 L/yr - ₹15 L/yr

arrow icon 9% more
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₹5.3 L/yr - ₹9.7 L/yr

arrow icon 37% less
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₹8.5 L/yr - ₹14.1 L/yr

arrow icon 5% less
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₹3.1 L/yr - ₹9.4 L/yr

arrow icon 52% less
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₹7.2 L/yr - ₹13.2 L/yr

arrow icon 12% less
1 job opening
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₹7 L/yr - ₹15 L/yr

arrow icon 5% less
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₹12.5 L/yr - ₹22 L/yr

arrow icon 35% more
Senior Branch Manager salary at Kotak Mahindara Life Insurance ranges between ₹9.1 Lakhs to ₹14.3 Lakhs per year for employees with experience between 12 years to 19 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Branch Manager

2mo ago
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12 years exp.
5mo ago
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15 years exp.
10mo ago
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14 years exp.
1y ago
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17 years exp.
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14 years exp.
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14 years exp.
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15 years exp.
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15 years exp.

Experience wise Kotak Mahindara Life Insurance Senior Branch Manager salaries

Last Updated: 31 Oct 2024

Experience Avg Annual Salary
12 years (AmbitionBox Estimate)

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₹4.6 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)

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₹10.3 L/yr - ₹13.2 L/yr
14 years  (3 salaries)

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₹10 L/yr - ₹12.5 L/yr
15+ years  (5 salaries)

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₹9.1 L/yr - ₹14.3 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹3.2 L/yr - ₹7.5 L/yr
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₹3 L/yr - ₹6.8 L/yr
Branch Manager Salary
(200 salaries)
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₹4.5 L/yr - ₹12.3 L/yr
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₹3.75 L/yr - ₹8.5 L/yr
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₹3 L/yr - ₹6 L/yr
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₹2.65 L/yr - ₹8.5 L/yr
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₹4 L/yr - ₹13.8 L/yr
Area Manager Salary
(21 salaries)
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₹4.94 L/yr - ₹19.05 L/yr
Territory Manager Salary
(AmbitionBox Estimate)
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₹14.2 L/yr - ₹18.2 L/yr
Sales Manager Salary
(539 salaries)
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₹2.4 L/yr - ₹6 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.1

Rated by 3 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

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.

read more
  • 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

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  • Salary - Poor
    +1 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

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  • Skill development - Poor
    +4 more

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 04 Apr 2024

3.0
 for  Salary and Benefits

Likes

Work life balance is okay. Good place to work in. Maximum professionally qualified employees.

  • Job security - Good
    +1 more

Dislikes

No Employee benefits. Salary lower than industry standards. No comp off. Politics (common in every organisation) No work from home.

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Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 27 Jul 2023

5.0
 for  Salary and Benefits

Likes

HR support is very good.. Salary amd Incentive payout

  • Salary - Excellent
    +2 more

Dislikes

Kotak is big brand to work but few of the Senior Managers made the work culture worst just for their benefits... They doesn't have feelings about the pain of employees.

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  • Work satisfaction - Bad
    +1 more
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Kotak Mahindara Life Insurance Senior Branch Manager Salary FAQs

What is the salary of Senior Branch Manager at Kotak Mahindara Life Insurance?
Senior Branch Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹9.1 Lakhs to ₹14.3 Lakhs for experience between 12 years to 19 years. According to our estimates it is 7% more than the average Senior Branch Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Senior Branch Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Senior Branch Manager at Kotak Mahindara Life Insurance is 7% more than the average salary of a Senior Branch Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Senior Branch Manager in India?
  • United India Insurance Company Senior Branch Manager Salary - ₹12.5 Lakhs to ₹22.0 Lakhs per year
  • Tata AIA Life Insurance Senior Branch Manager Salary - ₹10.0 Lakhs to ₹17.0 Lakhs per year
  • PNB MetLife Senior Branch Manager Salary - ₹12.0 Lakhs to ₹16.5 Lakhs per year
  • ICICI Prudential Life Insurance Senior Branch Manager Salary - ₹10.0 Lakhs to ₹16.0 Lakhs per year
  • SBI Life Insurance Company Senior Branch Manager Salary - ₹9.0 Lakhs to ₹17.0 Lakhs per year
What is the salary of a Senior Branch Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • Life Insurance Corporation of India Senior Branch Manager Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Senior Branch Manager Salary - ₹8.0 Lakhs to ₹15.0 Lakhs per year
  • HDFC Life Senior Branch Manager Salary - ₹7.8 Lakhs to ₹14.7 Lakhs per year
  • Max Life Insurance Senior Branch Manager Salary - ₹9.0 Lakhs to ₹13.6 Lakhs per year
  • ICICI Lombard General Insurance Company Senior Branch Manager Salary - ₹8.5 Lakhs to ₹14.1 Lakhs per year
What is the estimated take home salary of a Senior Branch Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Senior Branch Manager at Kotak Mahindara Life Insurance ranges between ₹82,483 per month to ₹84,637 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Senior Branch Manager salary in India which ranges between ₹9.1 Lakhs to ₹14.3 Lakhs per year for employees with experience between 12 years to 19 years. Check how did we calculate take home salary?
What is the notice period for Senior Branch Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 88% of the Kotak Mahindara Life Insurance Senior Branch Managers reported a notice period of 3 Months, 12% reported a notice period of 2 Months.This is based on 8 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Senior Branch Manager salary in India ranges between ₹9.1 Lakhs to ₹14.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 9 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.