Kotak Mahindra Bank Life Insurance Advisor Salaries by 4 Employees

0 - 4 years exp.

₹2.5 Lakhs - ₹4.1 Lakhs

Low Confidence

Salary of majority employees

21% less than the average Life Insurance Advisor Salary in Banking Companies for 0 - 4 years of experience

Interested in this particular role?

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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Life Insurance Corporation of India Life Insurance Advisor Salary 1 - 14 years exp. (62 salaries)	₹1.2 L/yr - ₹5.1 L/yr 20% less
SBI Life Insurance Company Life Insurance Advisor Salary 0 - 5 years exp. (36 salaries)	₹1 L/yr - ₹4.5 L/yr 20% less
Kotak Mahindara Life Insurance Life Insurance Advisor Salary 1 - 10 years exp. (24 salaries)	₹1 L/yr - ₹5.5 L/yr 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.

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

Similar Designation salaries in Kotak Mahindra Bank

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(12 salaries)

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Insurance Executive Salary

(4 salaries)

₹1.2 L/yr - ₹2.7 L/yr

Supervisor Salary

(14 salaries)

₹1.5 L/yr - ₹7.5 L/yr

Data Entry Operator Salary

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₹1.15 L/yr - ₹4.3 L/yr

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₹2.04 L/yr - ₹10 L/yr

Sales Executive Salary

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₹1 L/yr - ₹5 L/yr

LIC Agent Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Relationship Officer Salary

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₹2 L/yr - ₹6.5 L/yr

Senior Associate Salary

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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

Senior Relationship Manager in Ranchi

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

Salary - Poor

+6 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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What people are saying about Kotak Mahindra Bank

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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.

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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

Senior Relationship Manager in Ranchi

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.