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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Senior Financial Advisor salaries in India

Annual salary range
0 - 16 years exp.
₹2 Lakhs - ₹5.1 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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53% less than the average Senior Financial Advisor Salary in Insurance Companies for 0 - 16 years of experience

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Salaries in different departments

Engineering - Software & QA
Senior Financial Advisor Salary
12 - 16 years exp. (3 salaries)
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₹3.9 L/yr - ₹4.8 L/yr

Administration & Facilities
Senior Financial Advisor Salary
15 years exp. (AmbitionBox Estimate)
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₹4.6 L/yr - ₹5.6 L/yr

Last Updated: 28 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Senior Financial Advisor

Company name Avg Annual Salary Open Jobs
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₹2.9 L/yr - ₹5 L/yr

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HDFC Life Senior Financial Advisor Salary

2 - 11 years exp. (5 salaries)

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₹2.5 L/yr - ₹3.5 L/yr

arrow icon 25% less
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₹3 L/yr - ₹4.5 L/yr

arrow icon 6% more
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Gallagher Senior Financial Advisor Salary

2 - 6 years exp. (4 salaries)

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₹11.2 L/yr - ₹17.5 L/yr

arrow icon 274% more
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PolicyBazaar Senior Financial Advisor Salary

0 - 6 years exp. (29 salaries)

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₹2.5 L/yr - ₹5.5 L/yr

arrow icon 7% more
Senior Financial Advisor salary at Kotak Mahindara Life Insurance ranges between ₹2 Lakhs to ₹5.1 Lakhs per year for employees with less than 1 year of experience to 16 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Senior Financial Advisor

3w ago
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16 years exp.
1y ago
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12 years exp.
1y ago
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14 years exp.
1y ago
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7 months exp.
1y ago
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3 years exp.
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15 years exp.

Experience wise Kotak Mahindara Life Insurance Senior Financial Advisor salaries

Last Updated: 28 Dec 2024

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2 L/yr - ₹4.1 L/yr
1 year (AmbitionBox Estimate)

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

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₹2.3 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)

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₹1.1 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹3.4 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Senior Financial Analyst Salary
(AmbitionBox Estimate)
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₹3.3 L/yr - ₹4.3 L/yr
Financial Analyst Salary
(AmbitionBox Estimate)
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₹4.4 L/yr - ₹5.6 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹4.9 L/yr - ₹6.2 L/yr
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₹2.8 L/yr - ₹3.51 L/yr
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₹2.5 L/yr - ₹3 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
Deputy Manager Salary
(940 salaries)
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₹2 L/yr - ₹5.69 L/yr
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₹2.1 L/yr - ₹8.91 L/yr
Analyst Salary
(4 salaries)
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₹2.6 L/yr - ₹15.8 L/yr
Team Lead Salary
(42 salaries)
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₹1.2 L/yr - ₹6.95 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.6

Rated by 3 employees for salary & benefits

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
  • Skill development - Poor
  • +4 more

Alternate Sales Department

2.0
  •  posted on 13 Apr 2022

2.0
 for  Salary and Benefits

Likes

Kotak Mahindra Bank branches alloted were doing good business

Dislikes

1st salary badly delayed, but was personally sorted by HR. No support even in case of family emergency and hence had to resign having no choice

read more
  • Salary - Poor
  • +5 more

Full Time

 · 

Marketing & Communication Department

4.0
  •  posted on 08 May 2021

4.0
 for  Salary and Benefits

Likes

It is all about leadership. If you are good in recruitment then you will more success and financial compensation also.

read more
  • Salary - Good
  • +6 more

Dislikes

Senior managers are not available all times so you handle alone and spoil resource coz lack of knowledge and experiences

read more

BFSI, Investments & Trading Department

4.0
  •  posted on 16 Jun 2020

2.0
 for  Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

read more
  • Skill development - Good
  • +1 more

Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

read more
  • Salary - Poor
  • +1 more

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
see more salary related reviews

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Kotak Mahindara Life Insurance Senior Financial Advisor Salary FAQs

What is the salary of Senior Financial Advisor at Kotak Mahindara Life Insurance?
Senior Financial Advisor salary at Kotak Mahindara Life Insurance in India ranges between ₹2.0 Lakhs to ₹5.1 Lakhs for less than 1 year of experience to 16 years. According to our estimates it is 53% less than the average Senior Financial Advisor Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Senior Financial Advisor at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Senior Financial Advisor at Kotak Mahindara Life Insurance is 53% less than the average salary of a Senior Financial Advisor in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Senior Financial Advisor in India?
  • Gallagher Senior Financial Advisor Salary - ₹11.2 Lakhs to ₹17.5 Lakhs per year
  • PolicyBazaar Senior Financial Advisor Salary - ₹2.5 Lakhs to ₹5.5 Lakhs per year
  • Max Life Insurance Senior Financial Advisor Salary - ₹3.0 Lakhs to ₹4.5 Lakhs per year
  • ICICI Prudential Life Insurance Senior Financial Advisor Salary - ₹2.9 Lakhs to ₹5.0 Lakhs per year
What is the salary of a Senior Financial Advisor in companies similar to Kotak Mahindara Life Insurance in India?
  • HDFC Life Senior Financial Advisor Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
What is the estimated take home salary of a Senior Financial Advisor at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Senior Financial Advisor at Kotak Mahindara Life Insurance ranges between ₹25,931 per month to ₹27,356 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Senior Financial Advisor salary in India which ranges between ₹2.0 Lakhs to ₹5.1 Lakhs per year for employees with less than 1 year of experience to 16 years. Check how did we calculate take home salary?
What is the notice period for Senior Financial Advisor at Kotak Mahindara Life Insurance?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Senior Financial Advisors reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Senior Financial Advisor salary in India ranges between ₹2 Lakhs to ₹5.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.