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

Annual salary range
0 - 9 years exp.
₹2.3 Lakhs - ₹5.7 Lakhs
Salary of majority employees
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58% less than the average Deputy Manager Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Deputy Manager Salary
0 - 9 years exp. (251 salaries)
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₹2.3 L/yr - ₹5.5 L/yr

Customer Success, Service & Operations
Deputy Manager Salary
0 - 9 years exp. (141 salaries)
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₹2.5 L/yr - ₹5.7 L/yr

Sales & Business Development
Deputy Manager Salary
0 - 9 years exp. (69 salaries)
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₹2.5 L/yr - ₹5.6 L/yr

Finance & Accounting
Deputy Manager Salary
0 - 8 years exp. (62 salaries)
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₹2.3 L/yr - ₹5.5 L/yr

Marketing & Communication
Deputy Manager Salary
0 - 9 years exp. (18 salaries)
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₹2.4 L/yr - ₹5.5 L/yr

Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Deputy Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Deputy Manager Salary

0 - 15 years exp. (821 salaries)

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₹3.5 L/yr - ₹12.5 L/yr

arrow icon 97% more
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₹2.3 L/yr - ₹8 L/yr

arrow icon 20% more
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₹2.5 L/yr - ₹10 L/yr

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Axis Max Life Insurance Deputy Manager Salary

0 - 13 years exp. (797 salaries)

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₹2.4 L/yr - ₹8.7 L/yr

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20 job openings
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₹4.5 L/yr - ₹16.5 L/yr

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₹3.2 L/yr - ₹10.3 L/yr

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₹3 L/yr - ₹7.3 L/yr

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₹3 L/yr - ₹9.3 L/yr

arrow icon 50% more
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₹2.9 L/yr - ₹10 L/yr

arrow icon 49% more
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SBI General Insurance Deputy Manager Salary

4 - 11 years exp. (180 salaries)

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₹4 L/yr - ₹9.1 L/yr

arrow icon 34% more
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Deputy Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.3 Lakhs to ₹5.7 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 732 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Deputy Manager

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Experience wise Kotak Mahindara Life Insurance Deputy Manager salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
Fresher  (42 salaries)

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₹2.4 L/yr - ₹4 L/yr
1 year  (66 salaries)

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₹2.3 L/yr - ₹4.5 L/yr
2 years  (68 salaries)

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₹2.3 L/yr - ₹5.1 L/yr
3 years  (92 salaries)

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₹2.3 L/yr - ₹5.1 L/yr
4 years  (106 salaries)

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₹2.3 L/yr - ₹5.1 L/yr
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Kotak Mahindara Life Insurance Deputy Manager Salary and Career Growth

From

To

Deputy Manager

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0 - 9 years exp.

Chief Manager

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0 - 17 years exp.

Deputy Manager 0 - 9 years exp.
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Manager 0 - 12 years exp.
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arrow icon 32% hike
Senior Manager 1 - 14 years exp.
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arrow icon 28% hike

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From

2 more levels

To

Deputy Manager

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0 - 9 years exp.

Branch Manager

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3 - 18 years exp.

Similar Designation salaries in Kotak Mahindara Life Insurance

Team Manager Salary
(12 salaries)
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₹1.2 L/yr - ₹7.46 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹25.7 L/yr - ₹32.8 L/yr
Branch Manager Salary
(201 salaries)
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₹4.5 L/yr - ₹13.5 L/yr
Area Manager Salary
(26 salaries)
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₹5.7 L/yr - ₹17.9 L/yr
Cluster Manager Salary
(34 salaries)
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₹4.96 L/yr - ₹14.55 L/yr
Service Manager Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
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₹3.2 L/yr - ₹4.5 L/yr
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₹4.4 L/yr - ₹7 L/yr
Project Manager Salary
(14 salaries)
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₹6.5 L/yr - ₹22 L/yr
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₹2.65 L/yr - ₹8.5 L/yr

Top skills at Kotak Mahindara Life Insurance for Deputy Manager

Life Insurance Sales Cross Selling Sales Planning Relationship Management Insurance Sales Business Development Escalation Management B2B Sales Bancassurance Corporate Sales Operations Marketing MIS agency development
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Salary related reviews for Kotak Mahindara Life Insurance

3.2

Rated by 213 employees for salary & benefits

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

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

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.

read more
  • Skill development - Good
  • +1 more

Dislikes

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

read more
  • Salary - Poor
  • +1 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

Customer Success, Service & Operations Department

1.0
  •  posted on 23 May 2019

1.0
 for  Salary and Benefits

Likes

They are misleading youth.... They dont pay a single penny or salary until and unless candidate got promoted to the next level.. totally worst... Why someone works for them free of cost... Totally worst.....

read more

Dislikes

Nothing is good.... Totally bad. Don't give a salary rather forces candidates to do policies..

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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Kotak Mahindara Life Insurance Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Kotak Mahindara Life Insurance?
Deputy Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹2.3 Lakhs to ₹5.7 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 58% less than the average Deputy Manager Salary in India. Salary estimates are based on 732 latest salaries received from various employees of Kotak Mahindara Life Insurance India.
How does the salary of a Deputy Manager at Kotak Mahindara Life Insurance India compare with the average salary range for this job?
The average salary of a Deputy Manager at Kotak Mahindara Life Insurance is 58% less than the average salary of a Deputy Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Deputy Manager at Kotak Mahindara Life Insurance?
Life Insurance, Sales, Cross Selling, Sales Planning and Relationship Management are some of the popular skills required to work as a Deputy Manager at Kotak Mahindara Life Insurance India.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Deputy Manager in India?
  • Swiss Re Deputy Manager Salary - ₹7.5 Lakhs to ₹32.0 Lakhs per year
  • The New India Assurance Co. Deputy Manager Salary - ₹17.0 Lakhs to ₹26.0 Lakhs per year
  • United India Insurance Company Deputy Manager Salary - ₹11.0 Lakhs to ₹24.0 Lakhs per year
  • The Oriental Insurance Co. Deputy Manager Salary - ₹15.0 Lakhs to ₹21.0 Lakhs per year
  • Maruti Suzuki Insurance Broking Deputy Manager Salary - ₹9.8 Lakhs to ₹16.0 Lakhs per year
What is the salary of a Deputy Manager in companies similar to Kotak Mahindara Life Insurance in India?
  • XL Catlin Deputy Manager Salary - ₹8.2 Lakhs to ₹20.0 Lakhs per year
  • Bajaj Allianz Life Insurance Deputy Manager Salary - ₹4.5 Lakhs to ₹16.5 Lakhs per year
  • Allianz Deputy Manager Salary - ₹6.6 Lakhs to ₹12.2 Lakhs per year
  • HDFC Life Deputy Manager Salary - ₹3.5 Lakhs to ₹12.5 Lakhs per year
  • PNB MetLife Deputy Manager Salary - ₹3.9 Lakhs to ₹12.6 Lakhs per year
What is the estimated take home salary of a Deputy Manager at Kotak Mahindara Life Insurance in India?
The estimated take-home salary of a Deputy Manager at Kotak Mahindara Life Insurance ranges between ₹29,795 per month to ₹31,112 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Deputy Manager salary in India which ranges between ₹2.3 Lakhs to ₹5.7 Lakhs per year for employees with less than 1 year of experience to 9 years. Check how did we calculate take home salary?
What is the notice period for Deputy Manager at Kotak Mahindara Life Insurance?
According to AmbitionBox, 39% of the Kotak Mahindara Life Insurance Deputy Managers reported a notice period of 3 Months, 27% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 716 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Deputy Manager salary in India ranges between ₹2.3 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 732 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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