Kotak Mahindara Life Insurance Vice President Salaries by 40+ Employees (Updated 2025)

14 - 21 years exp.

₹22.3 Lakhs - ₹45 Lakhs

Salary of majority employees

34% less than the average Vice President Salary in Insurance Companies for 14 - 21 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Vice President Salary 14 - 21 years exp. (14 salaries)	₹24 L/yr - ₹38.3 L/yr
Sales & Business Development Vice President Salary 15 - 20 years exp. (14 salaries)	₹22.3 L/yr - ₹43 L/yr
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Customer Success, Service & Operations Vice President Salary 14 - 18 years exp. (3 salaries)	₹25 L/yr - ₹35 L/yr
Human Resources Vice President Salary 14 - 18 years exp. (3 salaries)	₹30 L/yr - ₹32.7 L/yr
Strategic & Top Management Vice President Salary 21 years exp. (AmbitionBox Estimate)	₹33.5 L/yr - ₹40 L/yr

Last Updated: 3 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Vice President

Company name	Avg Annual Salary	Open Jobs
Swiss Re Vice President Salary 10 - 20 years exp. (100 salaries)	₹29.5 L/yr - ₹87 L/yr 75% more
Axis Max Life Insurance Vice President Salary 14 - 25 years exp. (41 salaries)	₹20.1 L/yr - ₹70.6 L/yr 37% more
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HDFC Life Vice President Salary 12 - 27 years exp. (39 salaries)	₹26 L/yr - ₹72 L/yr 49% more	4 job openings
Reliance Nippon Life Insurance Vice President Salary 11 - 24 years exp. (36 salaries)	₹16 L/yr - ₹53.4 L/yr 6% less
SBI Life Insurance Company Vice President Salary 10 - 20 years exp. (35 salaries)	₹19.3 L/yr - ₹62 L/yr 25% more
ICICI Lombard General Insurance Company Vice President Salary 14 - 23 years exp. (34 salaries)	₹32.1 L/yr - ₹94 L/yr 74% more
HDFC Ergo General Insurance Vice President Salary 15 - 31 years exp. (29 salaries)	₹28.4 L/yr - ₹65.3 L/yr 39% more
Bajaj Allianz Life Insurance Vice President Salary 14 - 24 years exp. (18 salaries)	₹40.5 L/yr - ₹73 L/yr 60% more
Tata AIA Life Insurance Vice President Salary 15 - 23 years exp. (14 salaries)	₹30.4 L/yr - ₹97 L/yr 115% more	3 job openings
ICICI Prudential Life Insurance Vice President Salary 17 - 23 years exp. (11 salaries)	₹27 L/yr - ₹50 L/yr 16% more
Kotak Mahindra General Insurance Vice President Salary 19 - 25 years exp. (11 salaries)	₹30 L/yr - ₹43 L/yr 16% more
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Gallagher Vice President Salary 9 - 22 years exp. (5 salaries)	₹32 L/yr - ₹36.3 L/yr 7% more
Star Health & Allied Insurance Vice President Salary 22 - 26 years exp. (3 salaries)	₹50 L/yr - ₹51 L/yr 57% more

Vice President salary at Kotak Mahindara Life Insurance ranges between ₹22.3 Lakhs to ₹45 Lakhs per year for employees with experience between 14 years to 21 years. Salary estimates are based on 46 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Vice President salaries

Last Updated: 3 Feb 2025

Experience	Avg Annual Salary
14 years (5 salaries)	₹25 L/yr - ₹37 L/yr
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15+ years (41 salaries)	₹22.3 L/yr - ₹45 L/yr

From

Vice President

14 - 21 years exp.

Senior Vice President

13 - 24 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindara Life Insurance

Senior Vice President Salary

(33 salaries)

₹29.65 L/yr - ₹51 L/yr

Associate Vice President Salary

(27 salaries)

₹10 L/yr - ₹22.4 L/yr

Assistant Vice President Salary

(210 salaries)

₹7 L/yr - ₹27.72 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.7 L/yr - ₹32.8 L/yr

Business Head Salary

(AmbitionBox Estimate)

₹9.6 L/yr - ₹12.3 L/yr

Branch Head Salary

(10 salaries)

₹8.5 L/yr - ₹14 L/yr

Branch Manager Salary

(202 salaries)

₹5 L/yr - ₹13 L/yr

Project Manager Salary

(14 salaries)

₹6.5 L/yr - ₹22 L/yr

Deputy Manager Salary

(764 salaries)

₹2 L/yr - ₹5.69 L/yr

Operations Manager Salary

(40 salaries)

₹2.65 L/yr - ₹9 L/yr

Top skills at Kotak Mahindara Life Insurance for Vice President

Predictive Modeling Statistical Modeling Analytics SAS Python

Salary related reviews for Kotak Mahindara Life Insurance

2.5

Rated by 7 employees for salary & benefits

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

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

Deputy Manager in Mumbai

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.

Skill development - Good

+1 more

Dislikes

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

Salary - Poor

+1 more

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

Admin Manager in Hyderabad / Secunderabad

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.

Salary - Bad

+1 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Kotak Mahindara Life Insurance Vice President Salary FAQs

What is the salary of Vice President at Kotak Mahindara Life Insurance ?

The average salary of a Vice President at Kotak Mahindara Life Insurance in India typically ranges from ₹22.3 Lakhs to ₹45.0 Lakhs per year, depending on experience (from 14 years to 21 years).

The top 10% of Vice President at Kotak Mahindara Life Insurance earn more than ₹41.8 Lakhs per year, and the top 1% earn over ₹45.0 Lakhs per year. 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 40+ Kotak Mahindara Life Insurance employees in India.

What is the estimated take home salary of a Vice President at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Vice President at Kotak Mahindara Life Insurance in India typically ranges from ₹1,96,625 to ₹2,04,379 per month. This is based on the average salary range of ₹22.3 Lakhs to ₹45.0 Lakhs per year for employees with experience ranging from 14 years to 21 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 40+ salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Vice President at Kotak Mahindara Life Insurance ?

To be a Vice President at Kotak Mahindara Life Insurance in india, the key skills required include:

- Predictive Modeling
- Statistical Modeling
- Analytics
- SAS
- Python

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindara Life Insurance for Vice President in India?

Tata AIA Life Insurance	₹30.4 Lakhs to ₹97.0 Lakhs per year
Swiss Re	₹29.5 Lakhs to ₹87.0 Lakhs per year
ICICI Lombard General Insurance Company	₹32.1 Lakhs to ₹94.0 Lakhs per year
Bajaj Allianz Life Insurance	₹40.5 Lakhs to ₹73.0 Lakhs per year
Star Health & Allied Insurance	₹50.0 Lakhs to ₹51.0 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 Vice President in companies similar to Kotak Mahindara Life Insurance in India?

The salary of a Vice President at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life	₹26.0 Lakhs to ₹72.0 Lakhs per year
HDFC Ergo General Insurance	₹28.4 Lakhs to ₹65.3 Lakhs per year
Axis Max Life Insurance	₹20.1 Lakhs to ₹70.6 Lakhs per year
SBI Life Insurance Company	₹19.3 Lakhs to ₹62.0 Lakhs per year
Kotak Mahindra General Insurance	₹30.0 Lakhs to ₹43.0 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 Vice President at Kotak Mahindara Life Insurance in India?

The salary growth for a Vice President at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Vice President can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
14 years	₹25.0 Lakhs to ₹37.0 Lakhs per year
15 years	₹22.3 Lakhs to ₹45.0 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Vice President Salaries

Kotak Mahindara Life Insurance Vice President salary in India ranges between ₹22.3 Lakhs to ₹45 Lakhs with an average annual salary of ₹. Salary estimates are based on 46 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.