IndiaFirst Life Insurance Mumbai Deputy Manager Salaries by 50+ Employees (Updated 2025)

4 - 13 years exp.

₹4 Lakhs - ₹10.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% less than the average Deputy Manager Salary in Insurance Companies for 4 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Manager Salary 4 - 10 years exp. (16 salaries)	₹4 L/yr - ₹10.5 L/yr
Customer Success, Service & Operations Deputy Manager Salary 4 - 13 years exp. (15 salaries)	₹4 L/yr - ₹10 L/yr
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Finance & Accounting Deputy Manager Salary 4 - 11 years exp. (6 salaries)	₹4.2 L/yr - ₹8.1 L/yr
Engineering - Software & QA Deputy Manager Salary 4 - 8 years exp. (4 salaries)	₹7.3 L/yr - ₹10.7 L/yr
Project & Program Management Deputy Manager Salary 7 - 8 years exp. (3 salaries)	₹6 L/yr - ₹8.5 L/yr

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Last Updated: 4 Apr 2025

Companies similar to IndiaFirst Life Insurance for Deputy Manager in Mumbai

IndiaFirst Life Insurance Deputy Manager Salary

4 - 13 years exp. (58 salaries)

₹4 L/yr - ₹10.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (146 salaries)	₹4.2 L/yr - ₹12.6 L/yr 6% more
Future Generali India Life Insurance Deputy Manager Salary 4 - 14 years exp. (142 salaries)	₹4.3 L/yr - ₹14.5 L/yr 28% more	2 job openings
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ManipalCigna Health Insurance Deputy Manager Salary 3 - 16 years exp. (69 salaries)	₹5.5 L/yr - ₹13.1 L/yr 37% more
PNB MetLife Deputy Manager Salary 4 - 16 years exp. (52 salaries)	₹4 L/yr - ₹12.6 L/yr 15% more
Magma HDI General Insurance Deputy Manager Salary 1 - 16 years exp. (45 salaries)	₹5.6 L/yr - ₹10.5 L/yr 16% more
Universal Sompo General Insurance Deputy Manager Salary 6 - 16 years exp. (23 salaries)	₹7 L/yr - ₹12.2 L/yr 31% more
Cholamandalam MS General Insurance Deputy Manager Salary 1 - 11 years exp. (10 salaries)	₹5.6 L/yr - ₹11 L/yr 12% more
Family Health Plan Deputy Manager Salary 6 - 10 years exp. (7 salaries)	₹4 L/yr - ₹7 L/yr 28% less
CignaTTk Health Insurance Deputy Manager Salary 4 - 13 years exp. (4 salaries)	₹5.4 L/yr - ₹11.4 L/yr 22% more
National Insurance Company Deputy Manager Salary 10 - 12 years exp. (4 salaries)	₹21 L/yr - ₹24 L/yr 183% more

Deputy Manager salary at IndiaFirst Life Insurance ranges between ₹4 Lakhs to ₹10.7 Lakhs per year for employees with experience between 4 years to 13 years. Salary estimates are based on 58 latest salaries received from various employees of IndiaFirst Life Insurance.

Latest annual salaries shared by IndiaFirst Life Insurance Deputy Manager in Mumbai

1w ago

₹8 Lakhs

10 years exp.

3w ago

₹7.7 Lakhs

8 years exp.

2mo ago

₹7.5 Lakhs

8 years exp.

2mo ago

₹4.8 Lakhs

4 years exp.

4mo ago

₹6.7 Lakhs

5 years exp.

4mo ago

11 years exp.

5mo ago

8 years exp.

6mo ago

10 years exp.

8mo ago

4 years exp.

8mo ago

9 years exp.

Experience wise IndiaFirst Life Insurance Deputy Manager salaries in Mumbai

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
4 years (8 salaries)	₹4.2 L/yr - ₹8.4 L/yr
5 years (4 salaries)	₹4 L/yr - ₹8 L/yr
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6 years (4 salaries)	₹4 L/yr - ₹12.7 L/yr
7 years (7 salaries)	₹4 L/yr - ₹10 L/yr
8 years (7 salaries)	₹6 L/yr - ₹10.7 L/yr
9 years (8 salaries)	₹7 L/yr - ₹10.5 L/yr
10 years (10 salaries)	₹6.5 L/yr - ₹10 L/yr
11 years (3 salaries)	₹6.8 L/yr - ₹8.7 L/yr
12 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
13 years (5 salaries)	₹6.1 L/yr - ₹14.7 L/yr

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From

Deputy Manager

4 - 13 years exp.

Manager

3 - 16 years exp.

From

Deputy Manager

4 - 13 years exp.

Senior Manager

4 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in IndiaFirst Life Insurance

Service Manager Salary

(5 salaries)

₹2 L/yr - ₹7 L/yr

Operations Manager Salary

(4 salaries)

₹7.77 L/yr - ₹14.1 L/yr

Project Manager Salary

(3 salaries)

₹10.9 L/yr - ₹18 L/yr

Top skills at IndiaFirst Life Insurance for Deputy Manager

Sales Training Sales Management Life Insurance E - learning Banking Product Launch Finance Data Science Financial Markets Data Analytics Financial Sector Learning Investor relations Machine Learning Analytics

Salary related reviews for IndiaFirst Life Insurance

4.0

Rated by 9 employees for salary & benefits

Business Development Manager in Dimapur, Mokokchung

Full Time

Sales & Business Development Department

2.0

• posted on 28 Jan 2025

3.0

for Salary and Benefits

Likes

Constant training for improvement that's likeable

Dislikes

Reaching 100% target can never satisfy them while salary are not justifyable according to the work load. And management always scolding the employee while In my 8 months 6 of them resign due to over load work pressure and frequent scolding using inappropriate verbal

Job security - Bad

+3 more

Business Development Manager in Hajipur

Life Insurance Department

4.0

• posted on 14 Nov 2021

3.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but doesn't address our issues. There is a bound of 1 years before which you cannot resign. On the job training is not given to new joiners.

Business Development Manager in Ahmedabad

BFSI, Investments & Trading Department

5.0

• posted on 17 Jan 2022

2.0

for Salary and Benefits

Likes

Great company but on salary front they will try every other dirty trick so that they don't have to give you incentive. On business month they will add too many conditions so that they can save and don't have to give our hard earn incentive.

Skill development - Excellent

+4 more

Dislikes

Poor Incentive structure. Too many conditions for rewards. Doesn't feel like family. No team outings.

Salary - Poor

Business Development Manager in Bangalore / Bengaluru

Other Department

5.0

• posted on 23 Feb 2021

5.0

for Salary and Benefits

Likes

In covid time we are getting salary ,,, after 4th month voluntarily Rbh and HR push for Resigned ... here no job security no humanity's bcz higher position people want to safer side ...

Salary - Excellent

+1 more

Dislikes

Because RBH and HR only good here ,,, basically HR work here for RBH and ZBH ...

Job security - Bad

+3 more

Insurance Adviser in Kolkata

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 06 Feb 2025

1.0

for Salary and Benefits

Likes

Office entry time is 11am

Work-life balance - Good

Dislikes

Don't join here at the post of Insurance Advisor. No fixed salary. You will get commission when you sales insurance policy. Your fixed salary will be started when you sale rupees 1.5 lakhs of policy. As a fresher you will struggle to get customers to sale policy as company will not provide leads. So you will not have any other options except convincing your family and relatives.

Salary - Bad

+4 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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IndiaFirst Life Insurance Deputy Manager Salary FAQs

What is the salary of Deputy Manager at IndiaFirst Life Insurance in Mumbai?

The average salary of a Deputy Manager at IndiaFirst Life Insurance in Mumbai typically ranges from ₹4.0 Lakhs to ₹10.7 Lakhs per year, depending on experience (from 4 years to 13 years).

The top 10% of Deputy Manager in Mumbai at IndiaFirst Life Insurance earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹10.7 Lakhs per year. Deputy Manager Salaries at IndiaFirst Life Insurance 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 50+ IndiaFirst Life Insurance employees in India.

What is the estimated take home salary of a Deputy Manager at IndiaFirst Life Insurance in Mumbai?

The estimated take-home salary of a Deputy Manager at IndiaFirst Life Insurance in Mumbai typically ranges from ₹55,393 to ₹56,780 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹10.7 Lakhs per year for employees with experience ranging from 4 years to 13 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 50+ salaries received from various employees of IndiaFirst Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Deputy Manager at IndiaFirst Life Insurance in Mumbai?

To be a Deputy Manager at IndiaFirst Life Insurance in Mumbai, the key skills required include:

- Sales Training
- Sales Management
- Life Insurance
- E - learning
- Banking

These skills are highly valued at IndiaFirst Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than IndiaFirst Life Insurance for Deputy Manager in India?

National Insurance Company	₹21.0 Lakhs to ₹24.0 Lakhs per year
ManipalCigna Health Insurance	₹5.5 Lakhs to ₹13.1 Lakhs per year
Universal Sompo General Insurance	₹7.0 Lakhs to ₹12.2 Lakhs per year
Future Generali India Life Insurance	₹4.3 Lakhs to ₹14.5 Lakhs per year
CignaTTk Health Insurance	₹5.4 Lakhs to ₹11.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IndiaFirst Life Insurance, depending on the role and experience level.

What is the salary of a Deputy Manager in companies similar to IndiaFirst Life Insurance in Mumbai?

The salary of a Deputy Manager at companies similar to IndiaFirst Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Magma HDI General Insurance	₹5.6 Lakhs to ₹10.5 Lakhs per year
PNB MetLife	₹4.0 Lakhs to ₹12.6 Lakhs per year
Cholamandalam MS General Insurance	₹5.6 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Health Insurance Co	₹4.2 Lakhs to ₹12.6 Lakhs per year
Family Health Plan	₹4.0 Lakhs to ₹7.0 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 Deputy Manager at IndiaFirst Life Insurance in Mumbai?

The salary growth for a Deputy Manager at IndiaFirst Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Deputy Manager in Mumbai can expect the following growth trajectory at IndiaFirst Life Insurance:

Experience	Average Salary Range
4 years	₹4.2 Lakhs to ₹8.4 Lakhs per year
5 years	₹4.0 Lakhs to ₹8.0 Lakhs per year
6 years	₹4.0 Lakhs to ₹12.7 Lakhs per year
7 years	₹4.0 Lakhs to ₹10.0 Lakhs per year

and so on.

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IndiaFirst Life Insurance Deputy Manager Salaries in Mumbai

IndiaFirst Life Insurance Deputy Manager salary in Mumbai ranges between ₹4 Lakhs to ₹10.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 58 IndiaFirst Life Insurance latest salaries received from various employees of IndiaFirst Life Insurance.