Kotak Mahindra Bank Insurance Executive Salaries by 4 Employees

0 - 4 years exp.

₹1.2 Lakh - ₹2.7 Lakhs

Low Confidence

Salary of majority employees

26% less than the average Insurance Executive Salary in Banking Companies for 0 - 4 years of experience

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Last Updated: 6 May 2024

Companies similar to Kotak Mahindra Bank for Insurance Executive

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Insurance Executive Salary 0 - 3 years exp. (10 salaries)	₹1 L/yr - ₹4.8 L/yr 50% more
Axis Bank Insurance Executive Salary 1 - 7 years exp. (4 salaries)	₹1.8 L/yr - ₹6 L/yr 108% more
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IndusInd Bank Insurance Executive Salary 3 - 6 years exp. (3 salaries)	₹2.4 L/yr - ₹2.6 L/yr 31% more
Capita Insurance Executive Salary 1 - 6 years exp. (62 salaries)	₹2 L/yr - ₹4.2 L/yr 69% more
TCS Insurance Executive Salary 1 - 6 years exp. (62 salaries)	₹1.9 L/yr - ₹4 L/yr 45% more

Insurance Executive salary at Kotak Mahindra Bank ranges between ₹1.2 Lakh to ₹2.7 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Insurance Executive salaries

Last Updated: 6 May 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.2 L/yr
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹1.8 L/yr
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2 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
3 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
4 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.7 L/yr

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Salary related reviews for Kotak Mahindra Bank

Operations Manager in Goregaon

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 06 Nov 2024

1.0

for Salary and Benefits

Likes

There is no work pressure its harmful for your future

Job security - Excellent

Dislikes

...s per system constraint kotak bank not developed as compared to hdfc axis icici.also so many employees left the job from kotak because kotak gives very less salary to there staff

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 30 Dec 2023

3.0

for Salary and Benefits

Likes

Work life balance is very good. That is the only good part.

Work-life balance - Good

Dislikes

Gratuity to be paid after 5 yrs is added in CTC. Salary hike is not more than 5% if ur not a CA. Manager will forcibly tell us to come to Diwali party and other festivities but will not pay a single rupee for food and fun activities. Employees are forced to pay. Even picnics are organised on employee money but bank does not pays a single rupee. And if any employee refuses to pay then they r accused on non bonding wid team.

Skill development - Poor

+1 more

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Kotak Mahindra Bank Insurance Executive Salary FAQs

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

The average salary of a Insurance Executive at Kotak Mahindra Bank in India typically ranges from ₹1.2 Lakhs to ₹2.7 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Insurance Executive at Kotak Mahindra Bank earn more than ₹2.7 Lakhs per year, and the top 1% earn over ₹2.7 Lakhs per year. Insurance Executive Salaries at Kotak Mahindra Bank 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 Mahindra Bank employees in India.

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

The estimated take-home salary of a Insurance Executive at Kotak Mahindra Bank in India typically ranges from ₹13,043 to ₹14,441 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹2.7 Lakhs per year for employees with experience ranging from Fresher to 4 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 Mahindra Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Kotak Mahindra Bank for Insurance Executive in India?

Axis Bank	₹1.8 Lakhs to ₹6.0 Lakhs per year
Capita	₹2.0 Lakhs to ₹4.2 Lakhs per year
HDFC Bank	₹1.0 Lakhs to ₹4.8 Lakhs per year
TCS	₹1.9 Lakhs to ₹4.0 Lakhs per year
IndusInd Bank	₹2.4 Lakhs to ₹2.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra Bank, depending on the role and experience level.

How the salary growth look like for a Insurance Executive at Kotak Mahindra Bank in India?

The salary growth for a Insurance Executive at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Insurance Executive can expect the following growth trajectory at Kotak Mahindra Bank:

Experience	Average Salary Range
Fresher	₹1.2 Lakhs to ₹1.2 Lakhs per year
1 year	₹1.2 Lakhs to ₹1.8 Lakhs per year
2 years	₹1.7 Lakhs to ₹2.2 Lakhs per year
3 years	₹2.0 Lakhs to ₹2.6 Lakhs per year

and so on.

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Kotak Mahindra Bank Insurance Executive Salaries

Kotak Mahindra Bank Insurance Executive salary in India ranges between ₹1.2 Lakh to ₹2.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.