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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Sales Manager Salaries in India

based on 477 latest salaries
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BFSI, Investments & Trading Sales & Business Development Customer Success, Service & Operations Finance & Accounting + 6 more
Designation Avg Annual Salary Open Jobs
0 - 10 years exp. (544 salaries)
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₹1.7 L/yr - ₹6.3 L/yr

9 job openings
0 - 9 years exp. (856 salaries)
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₹2 L/yr - ₹5.7 L/yr

3 - 18 years exp. (211 salaries)
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₹4.5 L/yr - ₹12.8 L/yr

0 - 7 years exp. (182 salaries)
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₹1.8 L/yr - ₹6 L/yr

6 job openings
Starting your career? Discover Kotak Mahindara Life Insurance fresher salaries in India
3 - 13 years exp. (97 salaries)
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₹2 L/yr - ₹10.7 L/yr

5 job openings
1 - 11 years exp. (62 salaries)
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₹3 L/yr - ₹6.8 L/yr

1 - 10 years exp. (42 salaries)
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₹1.2 L/yr - ₹6.2 L/yr

1 - 7 years exp. (35 salaries)
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₹0.8 L/yr - ₹4.6 L/yr

7 - 18 years exp. (22 salaries)
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₹5.2 L/yr - ₹19.2 L/yr

0 - 10 years exp. (14 salaries)
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₹1.3 L/yr - ₹4 L/yr

15 - 26 years exp. (9 salaries)
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₹12.5 L/yr - ₹22 L/yr

1 - 5 years exp. (8 salaries)
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₹1.5 L/yr - ₹5.5 L/yr

0 - 13 years exp. (8 salaries)
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₹3.5 L/yr - ₹10 L/yr

3 - 15 years exp. (5 salaries)
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₹5.4 L/yr - ₹14 L/yr

0 - 7 years exp. (5 salaries)
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₹3.5 L/yr - ₹7 L/yr

15 - 20 years exp. (4 salaries)
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₹15.4 L/yr - ₹20 L/yr

6 - 20 years exp. (4 salaries)
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₹4.8 L/yr - ₹18 L/yr

0 - 10 years exp. (4 salaries)
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₹3.4 L/yr - ₹6.2 L/yr

1 year exp. (AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr

2 - 3 years exp. (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.7 L/yr

18 years exp. (AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.8 L/yr

Last Updated: 21 Mar, 2024

Salary related reviews for Kotak Mahindara Life Insurance

3.6

Rated by 162 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.

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."

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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

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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 .

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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.

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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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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

 · 

Sales & Business Development Department

1.0
  •  posted on 17 Feb 2023

1.0
 for  Salary and Benefits

Likes

... here 2yrs and they continue lied to me and us.. They have comission based job.. they will never give you any kind of salary..

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Dislikes

I like nothing about them.. I m with my word..

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Kotak Mahindara Life Insurance Salary FAQs

How much does Kotak Mahindara Life Insurance pay per year?
The average Kotak Mahindara Life Insurance salary ranges from approximately ₹1 Lakh to ₹2 Lakhs per year for a Back Office Computer Operator and ₹69 Lakhs to ₹98 Lakhs per year for a Executive Vice President. Salary estimates are based on 477 Kotak Mahindara Life Insurance salaries received from various employees of Kotak Mahindara Life Insurance. Kotak Mahindara Life Insurance employees rate the overall salary and benefits package 3.6/5 stars.
What is the highest salary in Kotak Mahindara Life Insurance?
The highest-paying job at Kotak Mahindara Life Insurance is a Executive Vice President with a salary of ₹69 Lakhs to ₹98 Lakhs per year. The top 10% of employees earn more than ₹10.69 lakhs per year. The top 1% earn more than a whopping ₹31.97 lakhs per year.
What is the minimum salary in Kotak Mahindara Life Insurance?
Minimum salary at Kotak Mahindara Life Insurance depends on the role you are applying for. For Assistant Manager the minimum salary is ₹1.8 Lakh to ₹4.8 Lakhs per year, and for Management Trainee the minimum salary is ₹1 Lakh to ₹8.6 Lakhs per year and so on.
What is the salary package for freshers in Kotak Mahindara Life Insurance?
The average salary at Kotak Mahindara Life Insurance for freshers varies from ₹0.7 Lakh to ₹2.5 Lakhs per year for Telecaller and ₹7.5 Lakhs to ₹15.5 Lakhs per year for Chief Manager.
What is the notice period for Sales Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 46% of the Kotak Mahindara Life Insurance Sales Managers reported a notice period of 2 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 642 responses on AmbitionBox in last 2 years.

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Average annual salary for Sales Manager in Kotak Mahindara Life Insurance is INRunlock blur . Salary estimates are based on 477 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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