Kotak Mahindra Bank Insurance Sales Manager Salaries by 4 Employees

0 - 5 years exp.

₹3 Lakhs - ₹20 Lakhs

Low Confidence

Salary of majority employees

228% more than the average Insurance Sales Manager Salary in Banking Companies for 0 - 5 years of experience

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Last Updated: 17 Nov 2024

Companies similar to Kotak Mahindra Bank for Insurance Sales Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Insurance Sales Manager Salary 1 - 7 years exp. (3 salaries)	₹2.8 L/yr - ₹9.2 L/yr 56% less
Tata AIA Life Insurance Insurance Sales Manager Salary 1 - 8 years exp. (27 salaries)	₹3.5 L/yr - ₹6.4 L/yr 55% less
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HDFC Life Insurance Sales Manager Salary 1 - 12 years exp. (26 salaries)	₹1.5 L/yr - ₹5.8 L/yr 73% less
ICICI Prudential Life Insurance Insurance Sales Manager Salary 1 - 5 years exp. (12 salaries)	₹2.5 L/yr - ₹3.5 L/yr 75% less
Axis Max Life Insurance Insurance Sales Manager Salary 2 - 6 years exp. (10 salaries)	₹2.6 L/yr - ₹4 L/yr 73% less

Insurance Sales Manager salary at Kotak Mahindra Bank ranges between ₹3 Lakhs to ₹20 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Insurance Sales Manager salaries

Last Updated: 17 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
1 year (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.7 L/yr
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5 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr

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Salary related reviews for Kotak Mahindra Bank

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

Cluster Head in Shivamogga

Full Time

Other Department

1.0

• posted on 15 Nov 2024

1.0

for Salary and Benefits

Likes

No much applications at branches but very lengthy processes which save the risk on the jobs of employees but the processes take longer time to operate

Dislikes

Salary levels are below par the competition, top management reluctant to retain the performers. Infr & technology are poor which need to be upgraded but reluctant to invest. Looks like more or less an NBFC while driving business

Salary - Bad

+6 more

Service Officer in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 05 Feb 2024

1.0

for Salary and Benefits

Likes

All process al very smooth and cooperative staff

Skill development - Excellent

+4 more

Dislikes

Too low salary increament and for promotion BM promote only his dear ones ...person who working hard for bank and vintage staff they simply ignore him while promotion and salary increament

Salary - Bad

+1 more

see more salary related reviews

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Kotak Mahindra Bank Insurance Sales Manager Salary FAQs

What is the salary of Insurance Sales Manager at Kotak Mahindra Bank ?

The average salary of a Insurance Sales Manager at Kotak Mahindra Bank in India typically ranges from ₹3.0 Lakhs to ₹20.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Insurance Sales Manager at Kotak Mahindra Bank earn more than ₹20.0 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Insurance Sales Manager 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 Sales Manager at Kotak Mahindra Bank in India?

The estimated take-home salary of a Insurance Sales Manager at Kotak Mahindra Bank in India typically ranges from ₹83,525 to ₹85,708 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from Fresher to 5 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.

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

The salary of a Insurance Sales Manager at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance	₹3.5 Lakhs to ₹6.4 Lakhs per year
HDFC Bank	₹2.8 Lakhs to ₹9.2 Lakhs per year
HDFC Life	₹1.5 Lakhs to ₹5.8 Lakhs per year
Axis Max Life Insurance	₹2.6 Lakhs to ₹4.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹3.5 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 Insurance Sales Manager at Kotak Mahindra Bank in India?

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

Experience	Average Salary Range
Fresher	₹2.7 Lakhs to ₹3.5 Lakhs per year
1 year	₹10.8 Lakhs to ₹13.7 Lakhs per year
5 years	₹18.0 Lakhs to ₹23.0 Lakhs per year

and so on.

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Kotak Mahindra Bank Insurance Sales Manager Salaries

Kotak Mahindra Bank Insurance Sales Manager salary in India ranges between ₹3 Lakhs to ₹20 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.