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Kotak Mahindara Life Insurance Vice President salaries in India (Updated 2025)

Annual salary range
14 - 21 years exp.
₹22.3 Lakhs - ₹45 Lakhs
Salary of majority employees
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34% less than the average Vice President Salary in Insurance Companies for 14 - 21 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Vice President Salary
14 - 21 years exp. (14 salaries)
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₹24 L/yr - ₹38.3 L/yr

Sales & Business Development
Vice President Salary
15 - 20 years exp. (14 salaries)
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₹22.3 L/yr - ₹43 L/yr

Customer Success, Service & Operations
Vice President Salary
14 - 18 years exp. (3 salaries)
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₹25 L/yr - ₹35 L/yr

Human Resources
Vice President Salary
14 - 18 years exp. (3 salaries)
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₹30 L/yr - ₹32.7 L/yr

Strategic & Top Management
Vice President Salary
21 years exp. (AmbitionBox Estimate)
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₹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
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Swiss Re Vice President Salary

10 - 20 years exp. (100 salaries)

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₹29.5 L/yr - ₹87 L/yr

arrow icon 75% more
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Axis Max Life Insurance Vice President Salary

14 - 25 years exp. (41 salaries)

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₹20.1 L/yr - ₹70.6 L/yr

arrow icon 37% more
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HDFC Life Vice President Salary

12 - 27 years exp. (39 salaries)

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₹26 L/yr - ₹72 L/yr

arrow icon 49% more
4 job openings
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₹16 L/yr - ₹53.4 L/yr

arrow icon 6% less
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SBI Life Insurance Company Vice President Salary

10 - 20 years exp. (35 salaries)

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₹19.3 L/yr - ₹62 L/yr

arrow icon 25% more
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₹32.1 L/yr - ₹94 L/yr

arrow icon 74% more
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₹28.4 L/yr - ₹65.3 L/yr

arrow icon 39% more
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₹40.5 L/yr - ₹73 L/yr

arrow icon 60% more
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Tata AIA Life Insurance Vice President Salary

15 - 23 years exp. (14 salaries)

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₹30.4 L/yr - ₹97 L/yr

arrow icon 115% more
3 job openings
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₹27 L/yr - ₹50 L/yr

arrow icon 16% more
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₹30 L/yr - ₹43 L/yr

arrow icon 16% more
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Gallagher Vice President Salary

9 - 22 years exp. (5 salaries)

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₹32 L/yr - ₹36.3 L/yr

arrow icon 7% more
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₹50 L/yr - ₹51 L/yr

arrow icon 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.

Latest annual salaries shared by Kotak Mahindara Life Insurance Vice President

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18 years exp.
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17 years exp.
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15 years exp.
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17 years exp.
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21 years exp.
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14 years exp.
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16 years exp.

Experience wise Kotak Mahindara Life Insurance Vice President salaries

Last Updated: 3 Feb 2025

Experience Avg Annual Salary
14 years  (5 salaries)

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₹25 L/yr - ₹37 L/yr
15+ years  (41 salaries)

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₹22.3 L/yr - ₹45 L/yr
Kotak Mahindara Life Insurance Vice President Salary and Career Growth

From

To

Vice President

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14 - 21 years exp.

Senior Vice President

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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

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₹29.65 L/yr - ₹51 L/yr
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₹10 L/yr - ₹22.4 L/yr
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₹7 L/yr - ₹27.72 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Business Head Salary
(AmbitionBox Estimate)
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₹9.6 L/yr - ₹12.3 L/yr
Branch Head Salary
(10 salaries)
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₹8.5 L/yr - ₹14 L/yr
Branch Manager Salary
(202 salaries)
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₹5 L/yr - ₹13 L/yr
Project Manager Salary
(14 salaries)
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₹6.5 L/yr - ₹22 L/yr
Deputy Manager Salary
(764 salaries)
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₹2 L/yr - ₹5.69 L/yr
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₹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

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.

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  • Skill development - Good
  • +1 more

Dislikes

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

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  • 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.

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

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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.

Tell us how to improve this page.

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