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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Senior Business Development Executive salaries in India

Annual salary range
6 - 12 years exp.
₹2.4 Lakhs - ₹6 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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13% less than the average Senior Business Development Executive Salary in Insurance Companies for 6 - 12 years of experience

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Last Updated: 14 Aug 2024

Companies similar to Kotak Mahindara Life Insurance for Senior Business Development Executive

Company name Avg Annual Salary Open Jobs
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₹4 L/yr - ₹5.5 L/yr

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₹2.5 L/yr - ₹5.2 L/yr

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₹1.8 L/yr - ₹4.5 L/yr

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₹3.2 L/yr - ₹7.5 L/yr

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₹3.4 L/yr - ₹8 L/yr

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₹3.8 L/yr - ₹6 L/yr

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Senior Business Development Executive salary at Kotak Mahindara Life Insurance ranges between ₹2.4 Lakhs to ₹6 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Business Development Executive

4mo ago
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8 years exp.
6mo ago
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6 years exp.
1y ago
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12 years exp.
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11 years exp.

Experience wise Kotak Mahindara Life Insurance Senior Business Development Executive salaries

Last Updated: 14 Aug 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
8 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
11 years (AmbitionBox Estimate)

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₹2.2 L/yr - ₹2.8 L/yr
12 years (AmbitionBox Estimate)

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₹4.5 L/yr - ₹5.8 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹3 L/yr - ₹4.7 L/yr
Business Development Officer Salary
(AmbitionBox Estimate)
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₹1.2 L/yr - ₹1.5 L/yr
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₹4 L/yr - ₹11 L/yr
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₹2 L/yr - ₹10.3 L/yr
Senior Sales Executive Salary
(AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr
Business Executive Salary
(AmbitionBox Estimate)
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₹2.6 L/yr - ₹3.3 L/yr
Sales Executive Salary
(34 salaries)
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₹1.05 L/yr - ₹5 L/yr
Marketing Executive Salary
(AmbitionBox Estimate)
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₹2.6 L/yr - ₹3.3 L/yr
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₹2.1 L/yr - ₹8.91 L/yr
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₹3.8 L/yr - ₹5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 14 May 2024

1.0
 for  Salary and Benefits

Likes

Job Security

Dislikes

Top Most Management in this company is worst; decision-making skills are very low Salary packages are very low for junior profiles but there work load is huge as compared with there senior profiles. Zero salary hikes and annual bonuses also depend on your boss; if he wants to give you 100,000, you will get it; if he wants to give you 10,000, that is your bonus. Huge package difference between senior boss and junior employees (ex., senior . Sr. boss package is above 30 Lacs but junior package is below 5 Lacs), Very little appreciation employees

read more

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..

read more

Dislikes

I like nothing about them.. I m with my word..

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.

read more

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.

read more
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Kotak Mahindara Life Insurance Senior Business Development Executive Salary FAQs

What is the salary of Senior Business Development Executive at Kotak Mahindara Life Insurance?
Senior Business Development Executive salary at Kotak Mahindara Life Insurance in India ranges between ₹2.4 Lakhs to ₹6.0 Lakhs for experience between 6 years to 12 years. According to our estimates it is 13% less than the average Senior Business Development Executive 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 Business Development Executive at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Senior Business Development Executive at Kotak Mahindara Life Insurance is 13% less than the average salary of a Senior Business Development Executive in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Senior Business Development Executive in India?
  • ICICI Lombard General Insurance Company Senior Business Development Executive Salary - ₹3.4 Lakhs to ₹8.0 Lakhs per year
  • PNB MetLife Senior Business Development Executive Salary - ₹3.2 Lakhs to ₹7.5 Lakhs per year
  • SBI General Insurance Senior Business Development Executive Salary - ₹3.8 Lakhs to ₹6.0 Lakhs per year
What is the salary of a Senior Business Development Executive in companies similar to Kotak Mahindara Life Insurance in India?
  • HDFC Life Senior Business Development Executive Salary - ₹4.0 Lakhs to ₹5.5 Lakhs per year
  • Bajaj Allianz Life Insurance Senior Business Development Executive Salary - ₹1.8 Lakhs to ₹4.5 Lakhs per year
  • SBI Life Insurance Company Senior Business Development Executive Salary - ₹2.5 Lakhs to ₹5.2 Lakhs per year
What is the estimated take home salary of a Senior Business Development Executive at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Senior Business Development Executive at Kotak Mahindara Life Insurance ranges between ₹36,359 per month to ₹37,578 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Senior Business Development Executive salary in India which ranges between ₹2.4 Lakhs to ₹6.0 Lakhs per year for employees with experience between 6 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Senior Business Development Executive at Kotak Mahindara Life Insurance?
According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Senior Business Development Executives reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Senior Business Development Executive salary in India ranges between ₹2.4 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.