Kotak Mahindra Bank Insurance Sales Officer Salaries by 3 Employees

0 - 10 years exp.

₹1.7 Lakh - ₹10 Lakhs

Low Confidence

Salary of majority employees

55% more than the average Insurance Sales Officer Salary in Banking Companies for 0 - 10 years of experience

Interested in this particular role?

Last Updated: 19 Sep 2023

Companies similar to Kotak Mahindra Bank for Insurance Sales Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Insurance Sales Officer Salary 0 - 5 years exp. (6 salaries)	₹2 L/yr - ₹3.5 L/yr 38% less
IndusInd Bank Insurance Sales Officer Salary 3 - 6 years exp. (5 salaries)	₹2.1 L/yr - ₹2.6 L/yr 48% less
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ICICI Bank Insurance Sales Officer Salary 0 - 2 years exp. (4 salaries)	₹2 L/yr - ₹3.1 L/yr 42% less
Star Union Dai-ichi Life Insurance Insurance Sales Officer Salary 1 - 6 years exp. (40 salaries)	₹1.7 L/yr - ₹3.5 L/yr 42% less
HDFC Life Insurance Sales Officer Salary 0 - 6 years exp. (36 salaries)	₹1.9 L/yr - ₹4.9 L/yr 25% less

Insurance Sales Officer salary at Kotak Mahindra Bank ranges between ₹1.7 Lakh to ₹10 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Insurance Sales Officer salaries

Last Updated: 19 Sep 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹2 L/yr
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10 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr

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Salary related reviews for Kotak Mahindra Bank

Relationship Officer in Visakhapatnam

Full Time

Sales & Business Development Department

1.0

• posted on 24 Mar 2025

2.0

for Salary and Benefits

Likes

On time salary

Skill development - Good

Dislikes

Worst work culture, even 2nd Saturday and 4th Saturday also working day.and if anyone not reached daily sales target reporting manager is putting LOP and high work pressure and paying low salaries.and not not given any leaves

Salary - Poor

+4 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 Sales Officer Salary FAQs

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

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

Experience	Average Salary Range
Fresher	₹2.1 Lakhs to ₹2.7 Lakhs per year
1 year	₹1.5 Lakhs to ₹2.0 Lakhs per year
10 years	₹9.0 Lakhs to ₹11.5 Lakhs per year

and so on.

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Kotak Mahindra Bank Insurance Sales Officer Salaries

Kotak Mahindra Bank Insurance Sales Officer salary in India ranges between ₹1.7 Lakh to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.