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Kotak Mahindara Life Insurance Deputy Chief Manager salaries in India

Annual salary range
6 - 19 years exp.
₹5 Lakhs - ₹10.9 Lakhs
Salary of majority employees
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61% less than the average Deputy Chief Manager Salary in Insurance Companies for 6 - 19 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Deputy Chief Manager Salary
6 - 19 years exp. (17 salaries)
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₹5.3 L/yr - ₹12.5 L/yr

Sales & Business Development
Deputy Chief Manager Salary
7 - 17 years exp. (12 salaries)
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₹5 L/yr - ₹9.5 L/yr

Finance & Accounting
Deputy Chief Manager Salary
10 - 14 years exp. (3 salaries)
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₹5 L/yr - ₹6.4 L/yr

Human Resources
Deputy Chief Manager Salary
10 - 12 years exp. (AmbitionBox Estimate)
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₹6.7 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Deputy Chief Manager Salary
15 years exp. (AmbitionBox Estimate)
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₹6.5 L/yr - ₹8 L/yr

View all

Last Updated: 28 Nov 2024

Companies similar to Kotak Mahindara Life Insurance for Deputy Chief Manager

Company name Avg Annual Salary Open Jobs
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₹11.4 L/yr - ₹24.5 L/yr

arrow icon 155% more
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₹11.7 L/yr - ₹23.8 L/yr

arrow icon 163% more
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₹13 L/yr - ₹16.9 L/yr

arrow icon 121% more
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₹10 L/yr - ₹32.2 L/yr

arrow icon 181% more
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Times Group Deputy Chief Manager Salary

14 - 22 years exp. (101 salaries)

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₹12 L/yr - ₹32 L/yr

arrow icon 202% more
Deputy Chief Manager salary at Kotak Mahindara Life Insurance ranges between ₹5 Lakhs to ₹10.9 Lakhs per year for employees with experience between 6 years to 19 years. Salary estimates are based on 44 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

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15 years exp.
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11 years exp.
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14 years exp.
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14 years exp.
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10 years exp.
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10 years exp.
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19 years exp.
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6 years exp.
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13 years exp.
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17 years exp.

Experience wise Kotak Mahindara Life Insurance Deputy Chief Manager salaries

Last Updated: 28 Nov 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹2.6 L/yr - ₹9 L/yr
7 years  (4 salaries)

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₹5.5 L/yr - ₹7.8 L/yr
8 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹9.5 L/yr
9 years  (3 salaries)

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₹6 L/yr - ₹12 L/yr
10 years  (8 salaries)

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₹5 L/yr - ₹12 L/yr
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Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(732 salaries)
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₹2 L/yr - ₹5.69 L/yr
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₹3 L/yr - ₹6.8 L/yr
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₹1.8 L/yr - ₹7 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹22.5 L/yr - ₹28.7 L/yr
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₹4.8 L/yr - ₹18 L/yr
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₹3.5 L/yr - ₹8.4 L/yr
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₹10.31 L/yr - ₹22 L/yr
Branch Manager Salary
(201 salaries)
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₹4.5 L/yr - ₹13 L/yr
Area Manager Salary
(26 salaries)
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₹5.7 L/yr - ₹17.9 L/yr
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₹3.5 L/yr - ₹7 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

2.9

Rated by 19 employees for salary & benefits

Sales & Business Development Department

5.0
  •  posted on 08 Aug 2018

3.0
 for  Salary and Benefits

Likes

Company policy is good for employee lots of benifit of new employees and salary stracture are also good.

read more

Dislikes

Work culture in our branch is very poor. Lots of pressure in new members they can't survive long.

  • Company culture - Poor

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

 · 

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

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  • Skill development - Poor
  • +4 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 17 Feb 2023

1.0
 for  Salary and Benefits

Likes

... here 2yrs and they continue lied to me and us.. They have comission based job.. they will never give you any kind of salary..

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Dislikes

I like nothing about them.. I m with my word..

  • Salary - Bad
  • +6 more

Alternate Sales Department

2.0
  •  posted on 13 Apr 2022

2.0
 for  Salary and Benefits

Likes

Kotak Mahindra Bank branches alloted were doing good business

Dislikes

1st salary badly delayed, but was personally sorted by HR. No support even in case of family emergency and hence had to resign having no choice

read more
  • Salary - Poor
  • +5 more
see more salary related reviews

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Kotak Mahindara Life Insurance Deputy Chief Manager Salary FAQs

What is the salary of Deputy Chief Manager at Kotak Mahindara Life Insurance?
Deputy Chief Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹5.0 Lakhs to ₹10.9 Lakhs for experience between 6 years to 19 years. According to our estimates it is 61% less than the average Deputy Chief Manager Salary in India. Salary estimates are based on 44 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance is 61% less than the average salary of a Deputy Chief Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Deputy Chief Manager in India?
  • Times Group Deputy Chief Manager Salary - ₹12.0 Lakhs to ₹32.0 Lakhs per year
  • Aditya Birla Health Insurance Co Deputy Chief Manager Salary - ₹10.0 Lakhs to ₹32.2 Lakhs per year
  • Aditya Birla Insurance Brokers Deputy Chief Manager Salary - ₹11.7 Lakhs to ₹23.8 Lakhs per year
  • Aditya Birla Sun Life Insurance Deputy Chief Manager Salary - ₹11.4 Lakhs to ₹24.5 Lakhs per year
  • Kotak Mahindra General Insurance Deputy Chief Manager Salary - ₹13.0 Lakhs to ₹16.9 Lakhs per year
What is the estimated take home salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance ranges between ₹52,185 per month to ₹53,415 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Deputy Chief Manager salary in India which ranges between ₹5.0 Lakhs to ₹10.9 Lakhs per year for employees with experience between 6 years to 19 years. Check how did we calculate take home salary?
What is the notice period for Deputy Chief Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Deputy Chief Managers reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 6 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Deputy Chief Manager salary in India ranges between ₹5 Lakhs to ₹10.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 44 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.