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Kotak Mahindara Life Insurance Vice President Sales salaries in India

Annual salary range
21 - 26 years exp.
₹34 Lakhs - ₹45 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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17% less than the average Vice President Sales Salary in Insurance Companies for 21 - 26 years of experience

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Salaries in different departments

Sales & Business Development
Vice President Sales Salary
21 - 26 years exp. (3 salaries)
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₹34 L/yr - ₹45 L/yr

Customer Success, Service & Operations
Vice President Sales Salary
23 - 25 years exp. (AmbitionBox Estimate)
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₹37.8 L/yr - ₹45 L/yr

Last Updated: 12 Aug 2024

Companies similar to Kotak Mahindara Life Insurance for Vice President Sales

Company name Avg Annual Salary Open Jobs
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₹21.2 L/yr - ₹50 L/yr

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₹14.9 L/yr - ₹50 L/yr

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HDFC Life Vice President Sales Salary

9 - 19 years exp. (5 salaries)

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₹11.4 L/yr - ₹52.8 L/yr

arrow icon 20% less
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₹55 L/yr - ₹60 L/yr

arrow icon 52% more
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₹35 L/yr - ₹37.5 L/yr

arrow icon 3% less
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₹45 L/yr - ₹75 L/yr

arrow icon 45% more
Vice President Sales salary at Kotak Mahindara Life Insurance ranges between ₹34 Lakhs to ₹45 Lakhs per year for employees with experience between 21 years to 26 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Vice President Sales

7mo ago
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22 years exp.
8mo ago
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26 years exp.
1y ago
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25 years exp.

Experience wise Kotak Mahindara Life Insurance Vice President Sales salaries

Last Updated: 12 Aug 2024

Experience Avg Annual Salary
15+ years  (5 salaries)

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₹34 L/yr - ₹45 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹29.65 L/yr - ₹51 L/yr
Sales Manager Salary
(564 salaries)
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₹2 L/yr - ₹6 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.7 L/yr
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₹8 L/yr - ₹22.4 L/yr
Business Head Salary
(AmbitionBox Estimate)
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₹9.6 L/yr - ₹12.3 L/yr
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₹7 L/yr - ₹27.72 L/yr
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₹10.31 L/yr - ₹22 L/yr
Regional Head Salary
(4 salaries)
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₹23 L/yr - ₹26.5 L/yr
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₹3.5 L/yr - ₹5.3 L/yr
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₹2 L/yr - ₹10.3 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.6

Rated by 2 employees for salary & benefits

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

Insurance Department

4.0
  •  posted on 11 Apr 2021

4.0
 for  Salary and Benefits

Likes

Skill development learning,work life balance,compensation and benefits,company culture is good,career growth is there,employee behaviour is good,fast growth in business along with career goal setting,promotion achievement etc

read more
  • Salary - Good
  • +5 more

Dislikes

Too much work pressure while doing job, target setting along with achievement is very much important,job security depends upon the performane of it,lots of politics occurs in the management .

read more

Sales & Business Development Department

5.0
  •  posted on 27 Jun 2020

5.0
 for  Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is a lot of politics and tge management doesn't matter address our issue. Salary is decent time but career growth is slow.

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Marketing & Communication Department

5.0
  •  posted on 28 Mar 2018

5.0
 for  Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that markets reliable, high-quality products and has a global client base. As a result, I get to travel abroad, especially to the US and Canada. But on-site travel is completely dependent on your project and client’s location. Mine is a US based client and they have some offices in Toronto, hence I got a B1 visa quickly. Another plus point is that my colleagues come from various cultural backgrounds, and we work happily in collaboration. I also like the employee re-hire policy here

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  • Salary - Excellent
  • +6 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes, I have to work 14-18 hours straight in a day as I have to attend client calls in the evening and sometimes late into the night. Managers do not value an individuals’ unique strengths, which is why I have to take back my suggestions most of the times. I do receive appreciation emails from my client, but they mostly go unnoticed during my mid-year appraisals. Also, there is no on-job training for freshers, hence senior folks like me have to guide them step-by-step, which is a pain sometimes.

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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
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Kotak Mahindara Life Insurance Vice President Sales Salary FAQs

What is the salary of Vice President Sales at Kotak Mahindara Life Insurance ?
The average salary of a Vice President Sales at Kotak Mahindara Life Insurance in India typically ranges from ₹34.0 Lakhs to ₹45.0 Lakhs per year, depending on experience (from 21 years to 26 years).

The top 10% of Vice President Sales at Kotak Mahindara Life Insurance earn more than ₹45.0 Lakhs per year, and the top 1% earn over ₹45.0 Lakhs per year. Vice President Sales 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 5 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Vice President Sales at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Vice President Sales at Kotak Mahindara Life Insurance in India typically ranges from ₹2,27,494 to ₹2,36,644 per month. This is based on the average salary range of ₹34.0 Lakhs to ₹45.0 Lakhs per year for employees with experience ranging from 21 years to 26 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 5 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 Vice President Sales in India?
Tata AIA Life Insurance ₹55.0 Lakhs to ₹60.0 Lakhs per year
Star Health & Allied Insurance ₹45.0 Lakhs to ₹75.0 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 Sales in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Vice President Sales 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:

Axis Max Life Insurance ₹21.2 Lakhs to ₹50.0 Lakhs per year
SBI Life Insurance Company ₹35.0 Lakhs to ₹37.5 Lakhs per year
Bajaj Allianz Life Insurance ₹14.9 Lakhs to ₹50.0 Lakhs per year
HDFC Life ₹11.4 Lakhs to ₹52.8 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 Sales at Kotak Mahindara Life Insurance in India?
The salary growth for a Vice President Sales at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Vice President Sales can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
15 years ₹34.0 Lakhs to ₹45.0 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Vice President Sales salary in India ranges between ₹34 Lakhs to ₹45 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.