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Kotak Mahindara Life Insurance Senior Vice President salaries in Kolkata

Annual salary range
20 - 23 years exp.
₹29.7 Lakhs - ₹51 Lakhs
Salary of majority employees
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9% less than the average Senior Vice President Salary in Insurance Companies for 20 - 23 years of experience

Interested in this particular role?

Last Updated: 16 Mar 2023

Companies similar to Kotak Mahindara Life Insurance for Senior Vice President in Kolkata

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Kotak Mahindara Life Insurance Senior Vice President Salary

20 - 23 years exp. (4 salaries)

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₹29.7 L/yr - ₹51 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Yes Bank Senior Vice President Salary

10 - 20 years exp. (16 salaries)

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₹16.9 L/yr - ₹36 L/yr

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Axis Bank Senior Vice President Salary

14 - 26 years exp. (11 salaries)

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₹40 L/yr - ₹84 L/yr

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Bandhan Bank Senior Vice President Salary

22 - 30 years exp. (8 salaries)

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₹45 L/yr - ₹1 Cr/yr

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HSBC Group Senior Vice President Salary

10 - 18 years exp. (5 salaries)

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₹39.5 L/yr - ₹67.5 L/yr

arrow icon 43% more
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HDFC Bank Senior Vice President Salary

22 - 24 years exp. (4 salaries)

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₹48 L/yr - ₹85 L/yr

arrow icon 50% more
Senior Vice President salary at Kotak Mahindara Life Insurance ranges between ₹29.7 Lakhs to ₹51 Lakhs per year for employees with experience between 20 years to 23 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 Vice President salaries in Kolkata

Last Updated: 16 Mar 2023

Experience Avg Annual Salary
15+ years  (4 salaries)

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₹29.7 L/yr - ₹51 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Branch Manager Salary
(18 salaries)
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₹5 L/yr - ₹13 L/yr
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₹8 L/yr - ₹16.3 L/yr
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₹2.65 L/yr - ₹4.3 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

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

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.

read more
  • Salary - Bad
  • +1 more
see more salary related reviews

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Kotak Mahindara Life Insurance Senior Vice President Salary FAQs

What is the salary of Senior Vice President at Kotak Mahindara Life Insurance in Kolkata?
The average salary of a Senior Vice President at Kotak Mahindara Life Insurance in Kolkata typically ranges from ₹29.7 Lakhs to ₹51.0 Lakhs per year, depending on experience (from 20 years to 23 years).

The top 10% of Senior Vice President in Kolkata at Kotak Mahindara Life Insurance earn more than ₹51.0 Lakhs per year, and the top 1% earn over ₹51.0 Lakhs per year. Senior Vice President Salaries at Kotak Mahindara Life Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Senior Vice President at Kotak Mahindara Life Insurance in Kolkata?
The estimated take-home salary of a Senior Vice President at Kotak Mahindara Life Insurance in Kolkata typically ranges from ₹2,37,251 to ₹2,46,842 per month. This is based on the average salary range of ₹29.7 Lakhs to ₹51.0 Lakhs per year for employees with experience ranging from 20 years to 23 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Senior Vice President in India?
Bandhan Bank ₹45.0 Lakhs to ₹100.0 Lakhs per year
Axis Bank ₹40.0 Lakhs to ₹84.0 Lakhs per year
HDFC Bank ₹48.0 Lakhs to ₹85.0 Lakhs per year
HSBC Group ₹39.5 Lakhs to ₹67.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindara Life Insurance, depending on the role and experience level.
What is the salary of a Senior Vice President in companies similar to Kotak Mahindara Life Insurance in Kolkata?
The salary of a Senior Vice President at companies similar to Kotak Mahindara Life Insurance in Kolkata varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Yes Bank ₹16.9 Lakhs to ₹36.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Senior Vice President at Kotak Mahindara Life Insurance in Kolkata?
The salary growth for a Senior Vice President at Kotak Mahindara Life Insurance in Kolkata depends on factors such as experience, performance, and promotions. On average, a Senior Vice President in Kolkata can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
15 years ₹29.7 Lakhs to ₹51.0 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Senior Vice President salary in Kolkata ranges between ₹29.7 Lakhs to ₹51 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.