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3.8

based on 2.7k Reviews

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Kotak Mahindara Life Insurance Wealth Manager salaries in India

Annual salary range
10 - 13 years exp.
₹5.5 Lakhs - ₹10 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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11% more than the average Wealth Manager Salary in Insurance Companies for 10 - 13 years of experience

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Salaries in different departments

Sales & Business Development
Wealth Manager Salary
10 - 12 years exp. (3 salaries)
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₹5.5 L/yr - ₹10 L/yr

BFSI, Investments & Trading
Wealth Manager Salary
13 years exp. (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 1 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Wealth Manager

Company name Avg Annual Salary Open Jobs
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₹4 L/yr - ₹5.2 L/yr

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HDFC Life Wealth Manager Salary

5 - 14 years exp. (5 salaries)

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₹4.5 L/yr - ₹6.5 L/yr

arrow icon 39% less
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₹3.2 L/yr - ₹7.5 L/yr

arrow icon 43% less
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Max Life Insurance Wealth Manager Salary

3 - 10 years exp. (5 salaries)

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₹3.5 L/yr - ₹5.5 L/yr

arrow icon 46% less
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₹4.8 L/yr - ₹8.8 L/yr

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₹4.5 L/yr - ₹9 L/yr

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₹3 L/yr - ₹6 L/yr

arrow icon 51% less
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₹3.1 L/yr - ₹7.6 L/yr

arrow icon 53% less
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Shriram Life Insurance Wealth Manager Salary

9 - 11 years exp. (4 salaries)

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₹4.5 L/yr - ₹5.3 L/yr

arrow icon 39% less
Wealth Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.5 Lakhs to ₹10 Lakhs per year for employees with experience between 10 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Wealth Manager

1mo ago
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12 years exp.
3mo ago
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10 years exp.
5mo ago
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13 years exp.
1y ago
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12 years exp.

Experience wise Kotak Mahindara Life Insurance Wealth Manager salaries

Last Updated: 1 Dec 2024

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹10 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)

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₹8 L/yr - ₹10.2 L/yr
12 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹10 L/yr
13 years (AmbitionBox Estimate)

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₹6 L/yr - ₹11.3 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Branch Manager Salary
(200 salaries)
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₹4.5 L/yr - ₹12.3 L/yr
Deputy Manager Salary
(939 salaries)
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₹2 L/yr - ₹5.69 L/yr
Sales Manager Salary
(538 salaries)
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₹2.4 L/yr - ₹6 L/yr
Area Manager Salary
(21 salaries)
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₹4.94 L/yr - ₹19.05 L/yr
Chief Manager Salary
(450 salaries)
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₹5.13 L/yr - ₹19 L/yr
Senior Wealth Manager Salary
(AmbitionBox Estimate)
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₹7 L/yr - ₹9 L/yr
Private Banker Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹1.75 L/yr - ₹7 L/yr
Branch Head Salary
(10 salaries)
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₹8.5 L/yr - ₹14 L/yr
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₹3 L/yr - ₹7 L/yr

Top skills at Kotak Mahindara Life Insurance for Wealth Manager

Life Insurance Agent Recruitment Agency Channel Team Handling Channel Sales Management Insurance Sales agency Recruitment Management Agency Sales HNI Sales Mutual Funds Sales

Salary related reviews for Kotak Mahindara Life Insurance

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 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more
  • Job security - Excellent
    +2 more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

read more
  • Salary - Poor
    +1 more

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

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 04 Apr 2024

3.0
 for  Salary and Benefits

Likes

Work life balance is okay. Good place to work in. Maximum professionally qualified employees.

  • Job security - Good
    +1 more

Dislikes

No Employee benefits. Salary lower than industry standards. No comp off. Politics (common in every organisation) No work from home.

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Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 27 Jul 2023

5.0
 for  Salary and Benefits

Likes

HR support is very good.. Salary amd Incentive payout

  • Salary - Excellent
    +2 more

Dislikes

Kotak is big brand to work but few of the Senior Managers made the work culture worst just for their benefits... They doesn't have feelings about the pain of employees.

read more
  • Work satisfaction - Bad
    +1 more
see more salary related reviews

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Kotak Mahindara Life Insurance Wealth Manager Salary FAQs

What is the salary of Wealth Manager at Kotak Mahindara Life Insurance?
Wealth Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹5.5 Lakhs to ₹10.0 Lakhs for experience between 10 years to 13 years. According to our estimates it is 11% more than the average Wealth Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Wealth Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Wealth Manager at Kotak Mahindara Life Insurance is 11% more than the average salary of a Wealth Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Wealth Manager at Kotak Mahindara Life Insurance?
Life Insurance, Agent Recruitment, Agency Channel, Team Handling and Channel Sales Management are some of the popular skills required to work as a Wealth Manager at Kotak Mahindara Life Insurance India.
What is the salary of a Wealth Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • Bajaj Allianz Life Insurance Wealth Manager Salary - ₹4.8 Lakhs to ₹8.8 Lakhs per year
  • Aditya Birla Sun Life Insurance Wealth Manager Salary - ₹4.5 Lakhs to ₹9.0 Lakhs per year
  • Shriram Life Insurance Wealth Manager Salary - ₹4.5 Lakhs to ₹5.3 Lakhs per year
  • HDFC Life Wealth Manager Salary - ₹4.5 Lakhs to ₹6.5 Lakhs per year
  • SBI Life Insurance Company Wealth Manager Salary - ₹3.2 Lakhs to ₹7.5 Lakhs per year
What is the estimated take home salary of a Wealth Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Wealth Manager at Kotak Mahindara Life Insurance ranges between ₹60,102 per month to ₹61,621 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Wealth Manager salary in India which ranges between ₹5.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 10 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Wealth Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 40% of the Kotak Mahindara Life Insurance Wealth Managers reported a notice period of 1 Month, 40% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Wealth Manager salary in India ranges between ₹5.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.