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Kotak Mahindra Bank Life Insurance Advisor salaries in India

Annual salary range
0 - 4 years exp.
₹2.5 Lakhs - ₹4.1 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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21% 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
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₹1 L/yr - ₹3.5 L/yr

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ICICI Bank Life Insurance Advisor Salary

0 - 5 years exp. (4 salaries)

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₹1.2 L/yr - ₹3.5 L/yr

arrow icon 24% less
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₹1.2 L/yr - ₹5.1 L/yr

arrow icon 20% less
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₹1 L/yr - ₹4.5 L/yr

arrow icon 20% less
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₹1 L/yr - ₹5.5 L/yr

arrow icon 18% 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.

Latest annual salaries shared by Kotak Mahindra Bank Life Insurance Advisor

1y ago
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4 years exp.
1y ago
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2 years exp.

Experience wise Kotak Mahindra Bank Life Insurance Advisor salaries

Last Updated: 11 Dec 2023

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.5 L/yr - ₹5.4 L/yr
1 year (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
2 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹5.8 L/yr
3 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹6.3 L/yr

Similar Designation salaries in Kotak Mahindra Bank

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₹1.5 L/yr - ₹7.5 L/yr
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₹1.05 L/yr - ₹5.05 L/yr
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₹1.15 L/yr - ₹4.3 L/yr
Sales Manager Salary
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₹2.04 L/yr - ₹10 L/yr
Sales Executive Salary
(799 salaries)
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₹1 L/yr - ₹5 L/yr
LIC Agent Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹2 L/yr - ₹6.5 L/yr
Senior Associate Salary
(119 salaries)
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₹1.4 L/yr - ₹4 L/yr

Salary related reviews for Kotak Mahindra Bank

2.0

Rated by 3 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 02 Mar 2025

2.0
 for  Salary and Benefits

Likes

I don't remember a single thing which gave me a satisfaction

Dislikes

Threatening every day Too much work pressure Conveyance not easy,in the hands of boss Every single hour you have to justify your salary No proper support from senior management in the form of needs for fulfilling duties Small company and daily even after joining 3 months you will start getting threatening from supervisor. Poorest leadership...Good for nothing

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Job security - Good
  • +2 more

Dislikes

Salary, promortion - these are the worst over here.

  • Salary - Poor
  • +1 more

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.

read more
  • 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.

read more
  • Work satisfaction - Bad
  • +2 more

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.

read more
  • Salary - Poor
  • +4 more

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.

read more
  • 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 ?
The average salary of a Life Insurance Advisor at Kotak Mahindra Bank in India typically ranges from ₹2.5 Lakhs to ₹4.1 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Life Insurance Advisor at Kotak Mahindra Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Life Insurance Advisor 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 Life Insurance Advisor at Kotak Mahindra Bank in India?
The estimated take-home salary of a Life Insurance Advisor at Kotak Mahindra Bank in India typically ranges from ₹25,678 to ₹27,107 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.1 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.
What is the salary of a Life Insurance Advisor in companies similar to Kotak Mahindra Bank in India?
The salary of a Life Insurance Advisor at companies similar to Kotak Mahindra Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindara Life Insurance ₹1.0 Lakhs to ₹5.5 Lakhs per year
Life Insurance Corporation of India ₹1.2 Lakhs to ₹5.1 Lakhs per year
SBI Life Insurance Company ₹1.0 Lakhs to ₹4.5 Lakhs per year
ICICI Bank ₹1.2 Lakhs to ₹3.5 Lakhs per year
HDFC Bank ₹1.0 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 Life Insurance Advisor at Kotak Mahindra Bank in India?
The salary growth for a Life Insurance Advisor at Kotak Mahindra Bank depends on factors such as experience, performance, and promotions. On average, a Life Insurance Advisor can expect the following growth trajectory at Kotak Mahindra Bank:

Experience Average Salary Range
Fresher ₹2.5 Lakhs to ₹5.4 Lakhs per year
1 year ₹2.8 Lakhs to ₹3.6 Lakhs per year
2 years ₹2.8 Lakhs to ₹5.8 Lakhs per year
3 years ₹3.0 Lakhs to ₹3.9 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra Bank Life Insurance Advisor salary in India ranges between ₹2.5 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.