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Kotak Mahindara Life Insurance Zonal Head salaries in India

Annual salary range
10 - 23 years exp.
₹15.5 Lakhs - ₹20 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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33% less than the average Zonal Head Salary in Insurance Companies for 10 - 23 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Zonal Head Salary
13 - 14 years exp. (AmbitionBox Estimate)
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₹15.5 L/yr - ₹16.5 L/yr

Sales & Business Development
Zonal Head Salary
23 years exp. (AmbitionBox Estimate)
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₹16 L/yr - ₹19.6 L/yr

Last Updated: 20 Nov 2024

Companies similar to Kotak Mahindara Life Insurance for Zonal Head

Company name Avg Annual Salary Open Jobs
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Bajaj Allianz Life Insurance Zonal Head Salary

15 - 20 years exp. (29 salaries)

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₹28 L/yr - ₹48 L/yr

arrow icon 115% more
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Axis Max Life Insurance Zonal Head Salary

13 - 22 years exp. (10 salaries)

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₹24 L/yr - ₹31.5 L/yr

arrow icon 55% more
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HDFC Life Zonal Head Salary

15 - 20 years exp. (10 salaries)

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₹14.3 L/yr - ₹43 L/yr

arrow icon 80% more
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₹17 L/yr - ₹43 L/yr

arrow icon 65% more
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Tata AIA Life Insurance Zonal Head Salary

10 - 22 years exp. (6 salaries)

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₹30 L/yr - ₹31 L/yr

arrow icon 72% more
1 job opening
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₹22 L/yr - ₹46 L/yr

arrow icon 91% more
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₹23.4 L/yr - ₹33 L/yr

arrow icon 54% more
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₹22.1 L/yr - ₹33.3 L/yr

arrow icon 59% more
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₹22 L/yr - ₹65 L/yr

arrow icon 108% more
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HDFC Ergo General Insurance Zonal Head Salary

14 - 18 years exp. (4 salaries)

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₹9.5 L/yr - ₹27.5 L/yr

arrow icon 28% more
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Shriram Life Insurance Zonal Head Salary

25 - 29 years exp. (3 salaries)

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₹15 L/yr - ₹20 L/yr

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₹15 L/yr - ₹26 L/yr

arrow icon 24% more
Zonal Head salary at Kotak Mahindara Life Insurance ranges between ₹15.5 Lakhs to ₹20 Lakhs per year for employees with experience between 10 years to 23 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 Zonal Head

1mo ago
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14 years exp.
8mo ago
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13 years exp.
11mo ago
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10 years exp.
1y ago
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23 years exp.

Experience wise Kotak Mahindara Life Insurance Zonal Head salaries

Last Updated: 20 Nov 2024

Experience Avg Annual Salary
10 years (AmbitionBox Estimate)

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₹18 L/yr - ₹23 L/yr
13 years (AmbitionBox Estimate)

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₹14 L/yr - ₹17.8 L/yr
14 years (AmbitionBox Estimate)

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₹14.9 L/yr - ₹19 L/yr
15+ years (AmbitionBox Estimate)

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₹16 L/yr - ₹20.5 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Regional Head Salary
(4 salaries)
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₹23 L/yr - ₹26.5 L/yr
Cluster Head Salary
(9 salaries)
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₹5.2 L/yr - ₹21.75 L/yr
Business Head Salary
(AmbitionBox Estimate)
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₹9.6 L/yr - ₹12.3 L/yr
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₹10.31 L/yr - ₹22 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.7 L/yr
Sales Manager Salary
(563 salaries)
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₹2 L/yr - ₹6.22 L/yr
Deputy Manager Salary
(762 salaries)
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₹2 L/yr - ₹5.69 L/yr
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₹3.3 L/yr - ₹6.2 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
Zonal Business Manager Salary
(AmbitionBox Estimate)
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₹42.8 L/yr - ₹54.6 L/yr

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

 · 

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

Sales Department

5.0
  •  posted on 06 May 2021

4.0
 for  Salary and Benefits

Likes

Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.

  • Salary - Good
  • +5 more

Dislikes

Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.

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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.

read more
  • Skill development - Good
  • +1 more

Dislikes

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

read more
  • Salary - Poor
  • +1 more
see more salary related reviews

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Kotak Mahindara Life Insurance Zonal Head Salary FAQs

What is the salary of Zonal Head at Kotak Mahindara Life Insurance ?
The average salary of a Zonal Head at Kotak Mahindara Life Insurance in India typically ranges from ₹15.5 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 10 years to 23 years).

The top 10% of Zonal Head at Kotak Mahindara Life Insurance earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Zonal Head 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 Zonal Head at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Zonal Head at Kotak Mahindara Life Insurance in India typically ranges from ₹1,17,871 to ₹1,21,170 per month. This is based on the average salary range of ₹15.5 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 10 years to 23 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.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Zonal Head in India?
Bajaj Allianz Life Insurance ₹28.0 Lakhs to ₹48.0 Lakhs per year
Kotak Mahindra General Insurance ₹22.0 Lakhs to ₹65.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹22.0 Lakhs to ₹46.0 Lakhs per year
HDFC Life ₹14.3 Lakhs to ₹43.0 Lakhs per year
Tata AIA Life Insurance ₹30.0 Lakhs to ₹31.0 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 Zonal Head in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Zonal Head 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:

ICICI Prudential Life Insurance ₹17.0 Lakhs to ₹43.0 Lakhs per year
Maruti Suzuki Insurance Broking ₹22.1 Lakhs to ₹33.3 Lakhs per year
Axis Max Life Insurance ₹24.0 Lakhs to ₹31.5 Lakhs per year
ICICI Lombard General Insurance Company ₹23.4 Lakhs to ₹33.0 Lakhs per year
HDFC Ergo General Insurance ₹9.5 Lakhs to ₹27.5 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 Zonal Head at Kotak Mahindara Life Insurance in India?
The salary growth for a Zonal Head at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Zonal Head can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
10 years ₹18.0 Lakhs to ₹23.0 Lakhs per year
13 years ₹14.0 Lakhs to ₹17.8 Lakhs per year
14 years ₹14.9 Lakhs to ₹19.0 Lakhs per year
15 years ₹16.0 Lakhs to ₹20.5 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Zonal Head salary in India ranges between ₹15.5 Lakhs to ₹20 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.