Kotak Mahindara Life Insurance Territory Manager Salaries by 2 Employees (Updated 2025)

19 - 20 years exp.

₹14.2 Lakhs - ₹18.2 Lakhs

Low Confidence

Salary of majority employees

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Last Updated: 28 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Territory Manager Salary 7 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹6.2 L/yr 64% less
HDFC Life Territory Manager Salary 9 - 20 years exp. (229 salaries)	₹10.9 L/yr - ₹21 L/yr 12% less
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SBI Life Insurance Company Territory Manager Salary 4 - 15 years exp. (100 salaries)	₹4 L/yr - ₹7 L/yr 67% less
Axis Max Life Insurance Territory Manager Salary 10 - 18 years exp. (39 salaries)	₹7.5 L/yr - ₹19 L/yr 18% less
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 20 years exp. (227 salaries)	₹3.7 L/yr - ₹9.2 L/yr 61% less
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (100 salaries)	₹4 L/yr - ₹12 L/yr 56% less
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 13 years exp. (11 salaries)	₹6 L/yr - ₹9 L/yr 58% less
Tata AIA Life Insurance Territory Manager Salary 5 - 14 years exp. (76 salaries)	₹5.5 L/yr - ₹10.5 L/yr 51% less	3 job openings
PNB MetLife Territory Manager Salary 4 - 17 years exp. (266 salaries)	₹4.5 L/yr - ₹10.3 L/yr 53% less
Life Insurance Corporation of India Territory Manager Salary 7 - 15 years exp. (6 salaries)	₹4 L/yr - ₹11.5 L/yr 52% less
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (42 salaries)	₹5.6 L/yr - ₹14 L/yr 44% less
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Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (42 salaries)	₹7.2 L/yr - ₹17 L/yr 18% less
HDFC Ergo General Insurance Territory Manager Salary 5 - 18 years exp. (18 salaries)	₹4 L/yr - ₹10 L/yr 57% less
Shriram Life Insurance Territory Manager Salary 3 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7.2 L/yr 72% less
SBI General Insurance Territory Manager Salary 16 - 20 years exp. (4 salaries)	₹5.2 L/yr - ₹9.3 L/yr 62% less
Aditya Birla Insurance Brokers Territory Manager Salary 6 - 14 years exp. (4 salaries)	₹5 L/yr - ₹8 L/yr 60% less

Territory Manager salary at Kotak Mahindara Life Insurance ranges between ₹14.2 Lakhs to ₹18.2 Lakhs per year for employees with experience between 19 years to 20 years. Salary estimates are based on 2 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Similar Designation salaries in Kotak Mahindara Life Insurance

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Relationship Manager Salary

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Senior Territory Sales Manager Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Team Lead Salary

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Salary related reviews for Kotak Mahindara Life Insurance

4.0

Rated by 1 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

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

Relationship Manager in Kolkata

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..

Dislikes

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

Salary - Bad

+6 more

Deputy Manager in Thane

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

Salary - Poor

+5 more

Senior Sales Manager in New Delhi

Sales Department

5.0

• posted on 06 May 2021

4.0

for Salary and Benefits

Likes

Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.

Salary - Good

+5 more

Dislikes

Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.

see more salary related reviews

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindara Life Insurance Territory Manager Salary FAQs

What is the notice period for Territory Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 80% of the Kotak Mahindara Life Insurance Territory Managers reported a notice period of 3 Months, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Territory Manager Salaries

Kotak Mahindara Life Insurance Territory Manager salary in India ranges between ₹14.2 Lakhs to ₹18.2 Lakhs. This is an estimate based on latest salaries received from employees of Kotak Mahindara Life Insurance.