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Kotak Mahindara Life Insurance Deputy Chief Manager salaries in Mumbai

Annual salary range
6 - 19 years exp.
₹5.5 Lakhs - ₹12.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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53% 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
7 - 19 years exp. (8 salaries)
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₹5.5 L/yr - ₹12.5 L/yr

Sales & Business Development
Deputy Chief Manager Salary
7 - 14 years exp. (3 salaries)
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₹6.5 L/yr - ₹8.5 L/yr

Customer Success, Service & Operations
Deputy Chief Manager Salary
15 years exp. (AmbitionBox Estimate)
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₹8 L/yr - ₹8.7 L/yr

Last Updated: 28 Nov 2024

Companies similar to Kotak Mahindara Life Insurance for Deputy Chief Manager in Mumbai

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Kotak Mahindara Life Insurance Deputy Chief Manager Salary

6 - 19 years exp. (17 salaries)

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₹5.5 L/yr - ₹12.5 L/yr

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

arrow icon 115% more
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₹15 L/yr - ₹23.8 L/yr

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₹13 L/yr - ₹16.9 L/yr

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₹10.9 L/yr - ₹36 L/yr

arrow icon 154% more
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₹10.5 L/yr - ₹33 L/yr

arrow icon 159% more
Deputy Chief Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.5 Lakhs to ₹12.5 Lakhs per year for employees with experience between 6 years to 19 years. Salary estimates are based on 17 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

4mo ago
₹8 Lakhs
15 years exp.
1y ago
₹8 Lakhs
14 years exp.
1y ago
₹12 Lakhs
10 years exp.
1y ago
₹10 Lakhs
19 years exp.

Experience wise Kotak Mahindara Life Insurance Deputy Chief Manager salaries in Mumbai

Last Updated: 28 Nov 2024

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹9.3 L/yr
7 years (AmbitionBox Estimate)

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₹7.3 L/yr - ₹9.3 L/yr
8 years (AmbitionBox Estimate)

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₹7.3 L/yr - ₹9.4 L/yr
9 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.4 L/yr
10 years (AmbitionBox Estimate)

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₹7.4 L/yr - ₹9.5 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(435 salaries)
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₹2.25 L/yr - ₹5.74 L/yr
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₹2.4 L/yr - ₹4.5 L/yr
Branch Manager Salary
(18 salaries)
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₹6 L/yr - ₹11 L/yr
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₹3 L/yr - ₹6.3 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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

read more
  • 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..

read more

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 in Mumbai?
The average salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹5.5 Lakhs to ₹12.5 Lakhs per year, depending on experience (from 6 years to 19 years).

The top 10% of Deputy Chief Manager in Mumbai at Kotak Mahindara Life Insurance earn more than ₹11.7 Lakhs per year, and the top 1% earn over ₹12.5 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 10+ 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 Mumbai?
The estimated take-home salary of a Deputy Chief Manager at Kotak Mahindara Life Insurance in Mumbai typically ranges from ₹61,511 to ₹63,071 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹12.5 Lakhs per year for employees with experience ranging from 6 years to 19 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 10+ 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?
Aditya Birla Capital ₹10.5 Lakhs to ₹33.0 Lakhs per year
Aditya Birla Health Insurance Co ₹10.9 Lakhs to ₹36.0 Lakhs per year
Aditya Birla Insurance Brokers ₹15.0 Lakhs to ₹23.8 Lakhs per year
Aditya Birla Sun Life Insurance ₹11.4 Lakhs to ₹24.5 Lakhs per year
Kotak Mahindra General Insurance ₹13.0 Lakhs to ₹16.9 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 Mumbai?
The salary growth for a Deputy Chief Manager at Kotak Mahindara Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Deputy Chief Manager in Mumbai can expect the following growth trajectory at Kotak Mahindara Life Insurance:

Experience Average Salary Range
6 years ₹7.2 Lakhs to ₹9.3 Lakhs per year
7 years ₹7.3 Lakhs to ₹9.3 Lakhs per year
8 years ₹7.3 Lakhs to ₹9.4 Lakhs per year
9 years ₹7.4 Lakhs to ₹9.4 Lakhs per year
and so on.

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Kotak Mahindara Life Insurance Deputy Chief Manager salary in Mumbai ranges between ₹5.5 Lakhs to ₹12.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 17 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.