Kotak Mahindra Bank Insurance Adviser Salaries by 7 Employees (Updated 2025)

0 - 3 years exp.

₹0.8 Lakh - ₹5 Lakhs

Low Confidence

Salary of majority employees

21% less than the average Insurance Adviser Salary in Banking Companies for 0 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Insurance Adviser Salary 1 year exp. (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.1 L/yr
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Human Resources Insurance Adviser Salary Fresher (AmbitionBox Estimate)	₹1.5 L/yr - ₹2.7 L/yr

Last Updated: 15 Jul 2024

Companies similar to Kotak Mahindra Bank for Insurance Adviser

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Insurance Adviser Salary 0 - 10 years exp. (4 salaries)	₹1.5 L/yr - ₹7.5 L/yr 51% more
ICICI Bank Insurance Adviser Salary 0 - 3 years exp. (5 salaries)	₹0.9 L/yr - ₹2 L/yr 47% less
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Axis Bank Insurance Adviser Salary 0 - 5 years exp. (5 salaries)	₹3 L/yr - ₹4 L/yr 43% more
State Bank of India Insurance Adviser Salary 0 - 2 years exp. (7 salaries)	₹0.9 L/yr - ₹2.5 L/yr 11% less
IndusInd Bank Insurance Adviser Salary 2 - 6 years exp. (4 salaries)	₹1.9 L/yr - ₹2.8 L/yr 3% less

Insurance Adviser salary at Kotak Mahindra Bank ranges between ₹0.8 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Insurance Adviser salaries

Last Updated: 15 Jul 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.3 L/yr
1 year (4 salaries)	₹0.8 L/yr - ₹5 L/yr
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2 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.5 L/yr
3 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.5 L/yr

From

Insurance Adviser

₹

Lakhs/yr

0 - 3 years exp.

Regional Sales Manager

₹

Lakhs/yr

11 - 21 years exp.

Insurance Adviser 0 - 3 years exp.

Team Lead 1 - 9 years exp.

65% hike

Sales Manager 0 - 12 years exp.

57% hike

From

4 more levels

Insurance Adviser

0 - 3 years exp.

Regional Asset Manager

15 - 17 years exp.

View 1 more career path

Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 2 employees for salary & benefits

Principal Software Engineer in Bangalore / Bengaluru

Full Time

Project & Program Management Department

2.0

• posted on 27 Dec 2024

2.0

for Salary and Benefits

Likes

- Business Heads and Tech Heads are supportive

Dislikes

- poor benefits - poor compensation and variable structure(ex no pro rata variable payout) - poor medical insurance coverage - poor processes and tools - poor culture overall

Salary - Poor

+4 more

Deputy Vice President in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 23 Dec 2024

4.0

for Salary and Benefits

Likes

I am getting good salary that is the only good thing All good things a suddenly vanish with new management

Salary - Good

+1 more

Dislikes

No work life balance now. I have to attend concall even at 9 pm when all branches are closed by 7:30 Every day i get threatened for loosing my job i am very much sacred New management of bank don’t care about staff

Job security - Bad

+2 more

Branch Relationship Manager in Kolkata

Full Time

Sales & Business Development Department

2.0

• posted on 27 Nov 2024

4.0

for Salary and Benefits

Likes

Kotak is good for salary hike and appraisal. You can get salary hike and promotion time to time if you perform well.

Salary - Good

+1 more

Dislikes

You will be humiliated everyday. Every day you have to attend atleast 2 con-call. No time for sattle down and customer relationship buildup. Every day is drive day here. You have to relay on your own because support system is pathetic. Have to depend on Service staffs to give common service to customers.

Skill development - Bad

+3 more

Deputy Branch Manager in Ahmedabad

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 24 Nov 2024

2.0

for Salary and Benefits

Likes

Timely getting salary .. nothing else

Dislikes

No banking system , customer dissatisfaction, accounts will open 5/7 days after the processing , no worklife balance . Branch manager have to do everything. Recruitment is pathetic. So called RMs are not capable like other bank sales officers also . Bank need business like icici , HDFC , but system is like co operative banks . Products are sucks.

Salary - Poor

+4 more

Deputy Manager Operations in Mumbai

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 19 Nov 2024

2.0

for Salary and Benefits

Likes

Salary, if you are a good negotiator.

Dislikes

It is a good place for those who came as avp and above. On ground level there is no work life balance and job securities. The main problem is about the culture, so many conference call happens where only limited time employees get for their work. Imbalance professionalism.

Salary - Poor

+4 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindra Bank Insurance Adviser Salary FAQs

What is the salary of Insurance Adviser at Kotak Mahindra Bank?

Insurance Adviser salary at Kotak Mahindra Bank in India ranges between ₹0.8 Lakhs to ₹5.0 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 21% less than the average Insurance Adviser Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Insurance Adviser at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Insurance Adviser at Kotak Mahindra Bank is 21% less than the average salary of a Insurance Adviser in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindra Bank to a Insurance Adviser in India?

HDFC Bank Insurance Adviser Salary - ₹1.5 Lakhs to ₹7.5 Lakhs per year
Axis Bank Insurance Adviser Salary - ₹3.0 Lakhs to ₹4.0 Lakhs per year

What is the salary of a Insurance Adviser in companies similar to Kotak Mahindra Bank in India?

IndusInd Bank Insurance Adviser Salary - ₹1.9 Lakhs to ₹2.8 Lakhs per year
State Bank of India Insurance Adviser Salary - ₹0.9 Lakhs to ₹2.5 Lakhs per year
ICICI Bank Insurance Adviser Salary - ₹0.9 Lakhs to ₹2.0 Lakhs per year

What is the estimated take home salary of a Insurance Adviser at Kotak Mahindra Bank in India?

The estimated take-home salary of a Insurance Adviser at Kotak Mahindra Bank ranges between ₹16,299 per month to ₹17,979 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Insurance Adviser salary in India which ranges between ₹0.8 Lakhs to ₹5.0 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

What is the notice period for Insurance Adviser at Kotak Mahindra Bank?

According to AmbitionBox, 63% of the Kotak Mahindra Bank Insurance Advisers reported a notice period of 15 days or less, 37% reported a notice period of 2 Months.This is based on 8 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Insurance Adviser Salaries

Kotak Mahindra Bank Insurance Adviser salary in India ranges between ₹0.8 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.