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Kotak Mahindara Life Insurance Deputy Branch Manager salaries in India (Updated 2025)

Annual salary range
3 - 6 years exp.
₹3.2 Lakhs - ₹4.5 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.
Avg. annual salary
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Monthly In-hand Salary

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47% less than the average Deputy Branch Manager Salary in Insurance Companies for 3 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Deputy Branch Manager Salary
3 - 6 years exp. (4 salaries)
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₹4 L/yr - ₹4.5 L/yr

Marketing & Communication
Deputy Branch Manager Salary
4 - 6 years exp. (AmbitionBox Estimate)
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₹2.9 L/yr - ₹3.5 L/yr

Last Updated: 2 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Deputy Branch Manager

Company name Avg Annual Salary Open Jobs
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₹5 L/yr - ₹8.5 L/yr

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HDFC Life Deputy Branch Manager Salary

3 - 14 years exp. (7 salaries)

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₹5 L/yr - ₹8 L/yr

arrow icon 58% more
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₹2.9 L/yr - ₹6 L/yr

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₹1 L/yr - ₹10 L/yr

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₹7.2 L/yr - ₹8.5 L/yr

arrow icon 90% more
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₹4.4 L/yr - ₹4.8 L/yr

arrow icon 15% more
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₹4 L/yr - ₹13 L/yr

arrow icon 122% more
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₹6 L/yr - ₹6.8 L/yr

arrow icon 58% more
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₹4.3 L/yr - ₹6.1 L/yr

arrow icon 44% more
Deputy Branch Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.2 Lakhs to ₹4.5 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 7 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Deputy Branch Manager

3d ago
₹4.5 Lakhs
5 years exp.
11mo ago
₹4.5 Lakhs
5 years exp.
1y ago
₹4.5 Lakhs
3 years exp.
1y ago
₹3.2 Lakhs
6 years exp.
1y ago
₹4 Lakhs
5 years exp.
1y ago
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4 years exp.

Experience wise Kotak Mahindara Life Insurance Deputy Branch Manager salaries

Last Updated: 2 Feb 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
4 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹4.8 L/yr
5 years  (3 salaries)

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₹1.6 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.4 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Branch Manager Salary
(204 salaries)
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₹5 L/yr - ₹13.5 L/yr
Deputy Manager Salary
(762 salaries)
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₹2 L/yr - ₹5.74 L/yr
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₹4.3 L/yr - ₹8.5 L/yr
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₹2.65 L/yr - ₹9 L/yr
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₹1.8 L/yr - ₹6.5 L/yr
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₹2.1 L/yr - ₹5 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.4 L/yr
Sales Manager Salary
(562 salaries)
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₹2 L/yr - ₹6 L/yr
Branch Head Salary
(10 salaries)
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₹8.5 L/yr - ₹14 L/yr
Chief Manager Salary
(468 salaries)
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₹5.14 L/yr - ₹18.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

  • Company culture - Good

Dislikes

... Company gives me 2.5% hike in appraisal after achieving a 70% of YTD Target.... Appraisal and salary hike processes at Kotak Life Insurance are deeply disappointing. Despite dedicated efforts and meeting performance targets, the appraisal system feels arbitrary and lacks transparency. Promises of career growth and salary increments are often unfulfilled, leaving employees demotivated and undervalued. There’s a noticeable disparity between the workload expectations and the compensation provided, which doesn’t align with industry standards. This undermines morale and loyalty among employees, impacting overall productivity and retention. Clearer and fairer appraisal policies are urgently needed to retain talent and boost employee satisfaction."

read more
  • Salary - Bad
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 20 Aug 2024

2.0
 for  Salary and Benefits

Likes

Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

read more
  • Job security - Excellent
  • +2 more

Dislikes

Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Customer Success, Service & Operations Department

2.0
  •  posted on 04 Jan 2025

3.0
 for  Salary and Benefits

Likes

Only job security

Dislikes

Work environment was not at all good hr and manager gives false commitment they ask to come on Sunday without pay 7 days a week and daily extend shift without any OT or something no positive environment they treat us like machine

read more
  • Skill development - Poor
  • +4 more

Full Time

 · 

Finance & Accounting Department

4.0
  •  posted on 04 Apr 2024

3.0
 for  Salary and Benefits

Likes

Work life balance is okay. Good place to work in. Maximum professionally qualified employees.

  • Job security - Good
  • +1 more

Dislikes

No Employee benefits. Salary lower than industry standards. No comp off. Politics (common in every organisation) No work from home.

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 27 Jul 2023

5.0
 for  Salary and Benefits

Likes

HR support is very good.. Salary amd Incentive payout

  • Salary - Excellent
  • +2 more

Dislikes

Kotak is big brand to work but few of the Senior Managers made the work culture worst just for their benefits... They doesn't have feelings about the pain of employees.

read more
  • Work satisfaction - Bad
  • +1 more
see more salary related reviews

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Kotak Mahindara Life Insurance Deputy Branch Manager Salary FAQs

What is the salary of Deputy Branch Manager at Kotak Mahindara Life Insurance ?
The average salary of a Deputy Branch Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹3.2 Lakhs to ₹4.5 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Deputy Branch Manager at Kotak Mahindara Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Deputy Branch Manager Salaries at Kotak Mahindara 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 7 Kotak Mahindara Life Insurance employees in India.
What is the estimated take home salary of a Deputy Branch Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Deputy Branch Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹30,033 to ₹31,346 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from 3 years to 6 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 7 salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Kotak Mahindara Life Insurance for Deputy Branch Manager in India?
Reliance Nippon Life Insurance ₹4.0 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance ₹7.2 Lakhs to ₹8.5 Lakhs per year
Aditya Birla Sun Life Insurance ₹6.0 Lakhs to ₹6.8 Lakhs per year
HDFC Life ₹5.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance ₹5.0 Lakhs to ₹8.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindara Life Insurance, depending on the role and experience level.
What is the salary of a Deputy Branch Manager in companies similar to Kotak Mahindara Life Insurance in India?
The salary of a Deputy Branch Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Ergo General Insurance ₹4.3 Lakhs to ₹6.1 Lakhs per year
Axis Max Life Insurance ₹1.0 Lakhs to ₹10.0 Lakhs per year
Shriram Life Insurance ₹4.4 Lakhs to ₹4.8 Lakhs per year
ICICI Prudential Life Insurance ₹2.9 Lakhs to ₹6.0 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 Branch Manager at Kotak Mahindara Life Insurance in India?
The salary growth for a Deputy Branch Manager at Kotak Mahindara Life Insurance depends on factors such as experience, performance, and promotions. On average, a Deputy Branch Manager can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
3 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
4 years ₹3.7 Lakhs to ₹4.8 Lakhs per year
5 years ₹1.6 Lakhs to ₹4.5 Lakhs per year
6 years ₹3.4 Lakhs to ₹4.4 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Deputy Branch Manager salary in India ranges between ₹3.2 Lakhs to ₹4.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.