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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Deputy Cluster Manager salaries in India

Annual salary range
9 - 16 years exp.
₹5.1 Lakhs - ₹9 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.
Salary of majority employees
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29% more than the average Deputy Cluster Manager Salary in Insurance Companies for 9 - 16 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Deputy Cluster Manager Salary
9 - 16 years exp. (4 salaries)
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₹5.1 L/yr - ₹9 L/yr

Sales & Business Development
Deputy Cluster Manager Salary
10 - 11 years exp. (AmbitionBox Estimate)
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₹7.6 L/yr - ₹8.4 L/yr

Last Updated: 12 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for Deputy Cluster Manager

Company name Avg Annual Salary Open Jobs
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Max Life Insurance Deputy Cluster Manager Salary

2 - 12 years exp. (324 salaries)

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₹3.5 L/yr - ₹7.1 L/yr

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₹5 L/yr - ₹6 L/yr

arrow icon 23% less
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₹4 L/yr - ₹5 L/yr

arrow icon 36% less
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IndusInd Bank Deputy Cluster Manager Salary

7 - 12 years exp. (24 salaries)

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₹3.4 L/yr - ₹7 L/yr

arrow icon 33% less
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Zepto Deputy Cluster Manager Salary

2 - 15 years exp. (20 salaries)

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₹6 L/yr - ₹13.2 L/yr

arrow icon 36% more
Deputy Cluster Manager salary at Kotak Mahindara Life Insurance ranges between ₹5.1 Lakhs to ₹9 Lakhs per year for employees with experience between 9 years to 16 years. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

4d ago
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16 years exp.
1mo ago
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15 years exp.
7mo ago
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11 years exp.
1y ago
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10 years exp.
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11 years exp.
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9 years exp.

Experience wise Kotak Mahindara Life Insurance Deputy Cluster Manager salaries

Last Updated: 12 Dec 2024

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹12.8 L/yr
10 years (AmbitionBox Estimate)

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₹2.9 L/yr - ₹7.6 L/yr
11 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹7.6 L/yr
12 years (AmbitionBox Estimate)

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₹6.5 L/yr - ₹8.4 L/yr
13 years (AmbitionBox Estimate)

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₹6.6 L/yr - ₹8.4 L/yr
View all

Similar Designation salaries in Kotak Mahindara Life Insurance

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₹2.3 L/yr - ₹4 L/yr
Cluster Manager Salary
(33 salaries)
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₹4.96 L/yr - ₹12.5 L/yr
Deputy Manager Salary
(856 salaries)
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₹2 L/yr - ₹5.69 L/yr
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₹1.8 L/yr - ₹6 L/yr
Sales Manager Salary
(544 salaries)
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₹1.65 L/yr - ₹6.28 L/yr
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₹1.25 L/yr - ₹4 L/yr
Area Manager Salary
(22 salaries)
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₹5.18 L/yr - ₹19.2 L/yr
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₹2.6 L/yr - ₹4.67 L/yr
Business Sales Manager Salary
(AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.7 L/yr
Associate Sales Manager Salary
(AmbitionBox Estimate)
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₹1.5 L/yr - ₹2 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 2 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 26 Jun 2024

1.0
 for  Salary and Benefits

Likes

Managerial support.

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."

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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..

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

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BFSI, Investments & Trading Department

4.0
  •  posted on 16 Jun 2020

2.0
 for  Salary and Benefits

Likes

...fe.Team mates are supportive. This is the second appraisal but mine is not done. Till now no salary hike which demotivate employee .work culture is good.

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Dislikes

Politics.low or no salary hike. Appraise are not done fairly. No defined timing to work.

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Insurance Department

4.0
  •  posted on 11 Apr 2021

4.0
 for  Salary and Benefits

Likes

Skill development learning,work life balance,compensation and benefits,company culture is good,career growth is there,employee behaviour is good,fast growth in business along with career goal setting,promotion achievement etc

read more

Dislikes

Too much work pressure while doing job, target setting along with achievement is very much important,job security depends upon the performane of it,lots of politics occurs in the management .

read more
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Kotak Mahindara Life Insurance Deputy Cluster Manager Salary FAQs

What is the salary of Deputy Cluster Manager at Kotak Mahindara Life Insurance?
Deputy Cluster Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹5.1 Lakhs to ₹9.0 Lakhs for experience between 9 years to 16 years. According to our estimates it is 29% more than the average Deputy Cluster Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Deputy Cluster Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Deputy Cluster Manager at Kotak Mahindara Life Insurance is 29% more than the average salary of a Deputy Cluster 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 Cluster Manager in India?
  • Zepto Deputy Cluster Manager Salary - ₹6.0 Lakhs to ₹13.2 Lakhs per year
What is the salary of a Deputy Cluster Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • Bajaj Allianz Life Insurance Deputy Cluster Manager Salary - ₹5.0 Lakhs to ₹6.0 Lakhs per year
  • Max Life Insurance Deputy Cluster Manager Salary - ₹3.5 Lakhs to ₹7.1 Lakhs per year
  • IndusInd Bank Deputy Cluster Manager Salary - ₹3.4 Lakhs to ₹7.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Deputy Cluster Manager Salary - ₹4.0 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Deputy Cluster Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Deputy Cluster Manager at Kotak Mahindara Life Insurance ranges between ₹53,799 per month to ₹55,141 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Deputy Cluster Manager salary in India which ranges between ₹5.1 Lakhs to ₹9.0 Lakhs per year for employees with experience between 9 years to 16 years. Check how did we calculate take home salary?
What is the notice period for Deputy Cluster Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 43% of the Kotak Mahindara Life Insurance Deputy Cluster Managers reported a notice period of 1 Month, 28% reported a notice period of More than 3 months and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Kotak Mahindara Life Insurance Deputy Cluster Manager salary in India ranges between ₹5.1 Lakhs to ₹9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.