Kotak Mahindara Life Insurance Senior Branch Manager Salaries by 9 Employees (Updated 2025)

12 - 19 years exp.

₹9.1 Lakhs - ₹14.3 Lakhs

Low Confidence

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)	Unlock ₹9.5 L/yr - ₹12.5 L/yr
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Sales & Business Development Senior Branch Manager Salary 12 - 17 years exp. (AmbitionBox Estimate)	Unlock ₹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
ICICI Prudential Life Insurance Senior Branch Manager Salary 10 - 18 years exp. (29 salaries)	Unlock ₹10 L/yr - ₹16 L/yr 16% more
HDFC Life Senior Branch Manager Salary 10 - 20 years exp. (83 salaries)	Unlock ₹7.8 L/yr - ₹14.8 L/yr 2% less
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SBI Life Insurance Company Senior Branch Manager Salary 10 - 22 years exp. (64 salaries)	Unlock ₹9 L/yr - ₹18.5 L/yr 14% more
Axis Max Life Insurance Senior Branch Manager Salary 10 - 22 years exp. (10 salaries)	Unlock ₹9 L/yr - ₹13.6 L/yr 4% less
Bajaj Allianz Life Insurance Senior Branch Manager Salary 9 - 21 years exp. (151 salaries)	Unlock ₹6 L/yr - ₹15.3 L/yr 8% less	2 job openings
Reliance Nippon Life Insurance Senior Branch Manager Salary 7 - 17 years exp. (95 salaries)	Unlock ₹6.5 L/yr - ₹12.3 L/yr 15% less
Aditya Birla Sun Life Insurance Senior Branch Manager Salary 5 - 20 years exp. (5 salaries)	Unlock ₹8 L/yr - ₹15 L/yr 3% more
Tata AIA Life Insurance Senior Branch Manager Salary 8 - 22 years exp. (21 salaries)	Unlock ₹10 L/yr - ₹17 L/yr 22% more
PNB MetLife Senior Branch Manager Salary 11 - 20 years exp. (41 salaries)	Unlock ₹12 L/yr - ₹16.5 L/yr 18% more
Life Insurance Corporation of India Senior Branch Manager Salary 16 - 34 years exp. (3 salaries)	Unlock ₹6 L/yr - ₹15 L/yr 9% more
ICICI Lombard General Insurance Company Senior Branch Manager Salary 8 - 19 years exp. (24 salaries)	Unlock ₹8.5 L/yr - ₹14.1 L/yr 5% less
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Star Health & Allied Insurance Senior Branch Manager Salary 13 - 25 years exp. (15 salaries)	Unlock ₹7.2 L/yr - ₹13.2 L/yr 12% less
HDFC Ergo General Insurance Senior Branch Manager Salary 9 - 20 years exp. (8 salaries)	Unlock ₹7 L/yr - ₹15 L/yr 5% less
Shriram Life Insurance Senior Branch Manager Salary 5 - 16 years exp. (7 salaries)	Unlock ₹3.2 L/yr - ₹10.6 L/yr 48% less
United India Insurance Company Senior Branch Manager Salary 10 - 31 years exp. (7 salaries)	Unlock ₹12 L/yr - ₹30 L/yr 87% 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.

Experience wise Kotak Mahindara Life Insurance Senior Branch Manager salaries

Last Updated: 31 Oct 2024

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	Unlock ₹4.6 L/yr - ₹12 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹10.3 L/yr - ₹13.2 L/yr
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14 years (3 salaries)	Unlock ₹10 L/yr - ₹12.5 L/yr
15+ years (5 salaries)	Unlock ₹9.1 L/yr - ₹14.3 L/yr

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Branch Manager Salary

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₹3.5 L/yr - ₹8.4 L/yr

Area Manager Salary

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₹5.7 L/yr - ₹17.9 L/yr

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(AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.2 L/yr

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₹2 L/yr - ₹6.28 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.1

Rated by 3 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

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

Chief Manager in Mumbai

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.

Chief Manager in Silchar

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.

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 - ₹12.0 Lakhs to ₹30.0 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 ₹18.5 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 ₹14.8 Lakhs per year
Axis 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.

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Kotak Mahindara Life Insurance Senior Branch Manager Salaries

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 ₹. Salary estimates are based on 9 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.