Kotak Mahindara Life Insurance Ahmedabad Vice President Salaries by 4 Employees

14 - 19 years exp.

₹25 Lakhs - ₹30 Lakhs

Avg. annual salary

Monthly In-hand Salary

31% less than the average Vice President Salary in Insurance Companies for 14 - 19 years of experience

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Salaries in different departments

Customer Success, Service & Operations Vice President Salary 14 - 15 years exp. (AmbitionBox Estimate)	₹25 L/yr - ₹30.8 L/yr
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Sales & Business Development Vice President Salary 17 - 19 years exp. (AmbitionBox Estimate)	₹27.5 L/yr - ₹30 L/yr

Last Updated: 10 Oct 2024

Companies similar to Kotak Mahindara Life Insurance for Vice President in Ahmedabad

Kotak Mahindara Life Insurance Vice President Salary

14 - 19 years exp. (4 salaries)

₹25 L/yr - ₹30 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Bank Vice President Salary 13 - 26 years exp. (31 salaries)	₹22 L/yr - ₹52 L/yr 26% more	1 job opening
Kotak Mahindra Bank Vice President Salary 13 - 21 years exp. (15 salaries)	₹17.5 L/yr - ₹44.3 L/yr 35% more	3 job openings
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IndusInd Bank Vice President Salary 13 - 24 years exp. (12 salaries)	₹22 L/yr - ₹46 L/yr 21% more
IDFC FIRST Bank Vice President Salary 12 - 19 years exp. (12 salaries)	₹28 L/yr - ₹49 L/yr 42% more
HSBC Group Vice President Salary 7 - 18 years exp. (12 salaries)	₹20 L/yr - ₹55 L/yr 37% more	5 job openings

Vice President salary at Kotak Mahindara Life Insurance ranges between ₹25 Lakhs to ₹30 Lakhs per year for employees with experience between 14 years to 19 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Vice President salaries in Ahmedabad

Last Updated: 10 Oct 2024

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹25.4 L/yr - ₹32.5 L/yr
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15+ years (3 salaries)	₹25 L/yr - ₹54.4 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

Branch Manager Salary

(5 salaries)

₹6.5 L/yr - ₹9.9 L/yr

Assistant Vice President Salary

(4 salaries)

₹12 L/yr - ₹18 L/yr

Associate Vice President Salary

(3 salaries)

₹12.69 L/yr - ₹15 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

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Kotak Mahindara Life Insurance Vice President Salary FAQs

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

The average salary of a Vice President at Kotak Mahindara Life Insurance in Ahmedabad typically ranges from ₹25.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 14 years to 19 years).

The top 10% of Vice President in Ahmedabad at Kotak Mahindara Life Insurance earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹30.0 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 4 Kotak Mahindara Life Insurance employees in India.

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

The estimated take-home salary of a Vice President at Kotak Mahindara Life Insurance in Ahmedabad typically ranges from ₹1,84,859 to ₹1,92,081 per month. This is based on the average salary range of ₹25.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 14 years to 19 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.

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

To be a Vice President at Kotak Mahindara Life Insurance in Ahmedabad, 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?

IDFC FIRST Bank	₹28.0 Lakhs to ₹49.0 Lakhs per year
HSBC Group	₹20.0 Lakhs to ₹55.0 Lakhs per year
Kotak Mahindra Bank	₹17.5 Lakhs to ₹44.3 Lakhs per year
Axis Bank	₹22.0 Lakhs to ₹52.0 Lakhs per year
IndusInd Bank	₹22.0 Lakhs to ₹46.0 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.

How the salary growth look like for a Vice President at Kotak Mahindara Life Insurance in Ahmedabad?

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

Experience	Average Salary Range
14 years	₹25.4 Lakhs to ₹32.5 Lakhs per year
15 years	₹25.0 Lakhs to ₹54.4 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Vice President Salaries in Ahmedabad

Kotak Mahindara Life Insurance Vice President salary in Ahmedabad ranges between ₹25 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.