Kotak Mahindra Bank Insurance Officer Salaries by Employees

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₹2.3 Lakhs - ₹2.9 Lakhs

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Last Updated: 17 Nov 2023

Companies similar to Kotak Mahindra Bank for Insurance Officer

Company name	Avg Annual Salary	Open Jobs
IndusInd Bank Insurance Officer Salary 0 - 7 years exp. (27 salaries)	₹1.7 L/yr - ₹3.5 L/yr 7% less
HDFC Bank Insurance Officer Salary 1 - 6 years exp. (7 salaries)	₹1.5 L/yr - ₹3.5 L/yr 17% less
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Star Union Dai-ichi Life Insurance Insurance Officer Salary 0 - 6 years exp. (42 salaries)	₹1.8 L/yr - ₹3.9 L/yr 3% less
PNB MetLife Insurance Officer Salary 0 - 5 years exp. (34 salaries)	₹1.5 L/yr - ₹4 L/yr 1% more	24 job openings
Cholamandalam MS General Insurance Insurance Officer Salary 0 - 9 years exp. (29 salaries)	₹1.1 L/yr - ₹5 L/yr 17% more

Insurance Officer salary at Kotak Mahindra Bank ranges between ₹2.3 Lakhs to ₹2.9 Lakhs per year for employees with 4 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Kotak Mahindra Bank.

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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 Officer Salary FAQs

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

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

Experience	Average Salary Range
4 years	₹2.3 Lakhs to ₹2.9 Lakhs per year

and so on.

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Kotak Mahindra Bank Insurance Officer Salaries

Kotak Mahindra Bank Insurance Officer salary in India ranges between ₹2.3 Lakhs to ₹2.9 Lakhs. This is an estimate based on latest salaries received from employees of Kotak Mahindra Bank.