Kotak Mahindara Life Insurance Bangalore / Bengaluru Deputy Chief Manager Salaries by 5 Employees

7 - 12 years exp.

₹7 Lakhs - ₹9.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

56% less than the average Deputy Chief Manager Salary in Insurance Companies for 7 - 12 years of experience

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Salaries in different departments

Human Resources Deputy Chief Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹7 L/yr - ₹8 L/yr
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Sales & Business Development Deputy Chief Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹6.6 L/yr - ₹9.5 L/yr

Last Updated: 15 Mar 2023

Companies similar to Kotak Mahindara Life Insurance for Deputy Chief Manager in Bangalore / Bengaluru

Kotak Mahindara Life Insurance Deputy Chief Manager Salary

7 - 12 years exp. (5 salaries)

₹7 L/yr - ₹9.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Times Group Deputy Chief Manager Salary 13 - 20 years exp. (6 salaries)	₹20 L/yr - ₹30 L/yr 203% more
Metropolitan Media Company Deputy Chief Manager Salary 20 - 26 years exp. (4 salaries)	₹12 L/yr - ₹13 L/yr 78% more
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Aditya Birla Capital Deputy Chief Manager Salary 4 - 10 years exp. (3 salaries)	₹15 L/yr - ₹18.5 L/yr 137% more

Deputy Chief Manager salary at Kotak Mahindara Life Insurance ranges between ₹7 Lakhs to ₹9.5 Lakhs per year for employees with experience between 7 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Deputy Chief Manager salaries in Bangalore / Bengaluru

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
8 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹8 L/yr
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9 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
10 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8.1 L/yr
11 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr
12 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary

(55 salaries)

₹2.1 L/yr - ₹5.5 L/yr

Relationship Manager Salary

(33 salaries)

₹2.25 L/yr - ₹7 L/yr

Branch Manager Salary

(23 salaries)

₹5.3 L/yr - ₹11.12 L/yr

Senior Sales Manager Salary

(6 salaries)

₹5 L/yr - ₹6.8 L/yr

Marketing Manager Salary

(3 salaries)

₹3.5 L/yr - ₹4 L/yr

Regional Manager Salary

(3 salaries)

₹12.58 L/yr - ₹22 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

Deputy Chief Manager in Kolkata

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.

Dislikes

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

Company culture - Poor

Sales Manager in Mumbai

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."

Salary - Bad

+2 more

Deputy Manager in Mumbai

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

Skill development - Poor

+4 more

Relationship Manager in Kolkata

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..

Dislikes

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

Salary - Bad

+6 more

Deputy Manager in Thane

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

Salary - Poor

+5 more

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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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 in Bangalore / Bengaluru?

The average salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance in Bangalore / Bengaluru typically ranges from ₹7.0 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 7 years to 12 years).

The top 10% of Deputy Chief Manager in Bangalore / Bengaluru at Kotak Mahindara Life Insurance earn more than ₹9.5 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Deputy Chief 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 5 Kotak Mahindara Life Insurance employees in India.

What is the estimated take home salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance in Bangalore / Bengaluru?

The estimated take-home salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance in Bangalore / Bengaluru typically ranges from ₹53,406 to ₹54,736 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 7 years to 12 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 5 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 Chief Manager in India?

Times Group	₹20.0 Lakhs to ₹30.0 Lakhs per year
Aditya Birla Capital	₹15.0 Lakhs to ₹18.5 Lakhs per year
Metropolitan Media Company	₹12.0 Lakhs to ₹13.0 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.

How the salary growth look like for a Deputy Chief Manager at Kotak Mahindara Life Insurance in Bangalore / Bengaluru?

The salary growth for a Deputy Chief Manager at Kotak Mahindara Life Insurance in Bangalore / Bengaluru depends on factors such as experience, performance, and promotions. On average, a Deputy Chief Manager in Bangalore / Bengaluru can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience	Average Salary Range
7 years	₹6.2 Lakhs to ₹7.9 Lakhs per year
8 years	₹6.2 Lakhs to ₹8.0 Lakhs per year
9 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
10 years	₹6.3 Lakhs to ₹8.1 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Deputy Chief Manager Salaries in Bangalore / Bengaluru

Kotak Mahindara Life Insurance Deputy Chief Manager salary in Bangalore / Bengaluru ranges between ₹7 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.