Kotak Mahindra Bank Life Insurance Advisor Salaries by 4 Employees (Updated 2025)

0 - 4 years exp.

₹2.5 Lakhs - ₹4.1 Lakhs

Low Confidence

Salary of majority employees

23% less than the average Life Insurance Advisor Salary in Banking Companies for 0 - 4 years of experience

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Last Updated: 11 Dec 2023

Companies similar to Kotak Mahindra Bank for Life Insurance Advisor

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Life Insurance Advisor Salary 1 year exp. (6 salaries)	₹1 L/yr - ₹3.5 L/yr 24% less
ICICI Bank Life Insurance Advisor Salary 0 - 5 years exp. (4 salaries)	₹1.2 L/yr - ₹3.5 L/yr 24% less
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State Bank of India Life Insurance Advisor Salary 0 - 6 years exp. (3 salaries)	₹1 L/yr - ₹2 L/yr 59% less
Life Insurance Corporation of India Life Insurance Advisor Salary 1 - 14 years exp. (61 salaries)	₹1.2 L/yr - ₹5.1 L/yr 20% less	1 job opening
SBI Life Insurance Company Life Insurance Advisor Salary 0 - 5 years exp. (36 salaries)	₹1 L/yr - ₹4.5 L/yr 20% less

Life Insurance Advisor salary at Kotak Mahindra Bank ranges between ₹2.5 Lakhs to ₹4.1 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 Life Insurance Advisor salaries

Last Updated: 11 Dec 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.4 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹5.8 L/yr
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹6.3 L/yr

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Salary related reviews for Kotak Mahindra Bank

1.0

Rated by 2 employees for salary & benefits

Life Insurance Advisor in Kolkata

Full Time

Sales & Business Development Department

5.0

• posted on 05 Aug 2024

1.0

for Salary and Benefits

Likes

Company's quick assistance toward their costumer. They resolve any issue of their costumer.

Company culture - Good

+1 more

Dislikes

Getting promotion is very tough there.No fix salary of LA. After completing the criteria within six month,i didn't get to promote in IAP till now.

Salary - Bad

+3 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 Life Insurance Advisor Salary FAQs

What is the salary of Life Insurance Advisor at Kotak Mahindra Bank?

Life Insurance Advisor salary at Kotak Mahindra Bank in India ranges between ₹2.5 Lakhs to ₹4.1 Lakhs for less than 1 year of experience to 4 years. According to our estimates it is 23% less than the average Life Insurance Advisor Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindra Bank India.

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

The average salary of a Life Insurance Advisor at Kotak Mahindra Bank is 23% less than the average salary of a Life Insurance Advisor in India. To know exact salary insights, login to view.

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

Life Insurance Corporation of India Life Insurance Advisor Salary - ₹1.2 Lakhs to ₹5.1 Lakhs per year
SBI Life Insurance Company Life Insurance Advisor Salary - ₹1.0 Lakhs to ₹4.5 Lakhs per year
ICICI Bank Life Insurance Advisor Salary - ₹1.2 Lakhs to ₹3.5 Lakhs per year
HDFC Bank Life Insurance Advisor Salary - ₹1.0 Lakhs to ₹3.5 Lakhs per year
State Bank of India Life Insurance Advisor Salary - ₹1.0 Lakhs to ₹2.0 Lakhs per year

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

The estimated take-home salary of a Life Insurance Advisor at Kotak Mahindra Bank ranges between ₹25,678 per month to ₹27,107 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Life Insurance Advisor salary in India which ranges between ₹2.5 Lakhs to ₹4.1 Lakhs per year for employees with less than 1 year of experience to 4 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 33% of the Kotak Mahindra Bank Life Insurance Advisors reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Life Insurance Advisor Salaries

Kotak Mahindra Bank Life Insurance Advisor salary in India ranges between ₹2.5 Lakhs to ₹4.1 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.

Kotak Mahindra Bank Life Insurance Advisor salaries in India

Companies similar to Kotak Mahindra Bank for Life Insurance Advisor

Latest annual salaries shared by Kotak Mahindra Bank Life Insurance Advisor

Experience wise Kotak Mahindra Bank Life Insurance Advisor salaries

Similar Designation salaries in Kotak Mahindra Bank

Salary related reviews for Kotak Mahindra Bank

Life Insurance Advisor in Kolkata

Deputy Manager in Mumbai

Deputy Manager in Vadodara

Deputy Manager in Kolkata

Deputy Manager in Mumbai

Kotak Mahindra Bank Life Insurance Advisor Salary FAQs

Tell us how to improve this page.