Kotak Mahindara Life Insurance Deputy Manager Salaries by 700+ Employees (Updated 2025)

0 - 9 years exp.

₹2 Lakhs - ₹5.7 Lakhs

Avg. annual salary

Monthly In-hand Salary

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. (243 salaries)	₹2.3 L/yr - ₹5.7 L/yr
Customer Success, Service & Operations Deputy Manager Salary 0 - 9 years exp. (142 salaries)	₹2.5 L/yr - ₹5.7 L/yr
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Sales & Business Development Deputy Manager Salary 0 - 9 years exp. (69 salaries)	₹2.5 L/yr - ₹5.6 L/yr
Finance & Accounting Deputy Manager Salary 0 - 8 years exp. (62 salaries)	₹2.1 L/yr - ₹5.3 L/yr
Data Science & Analytics Deputy Manager Salary 1 - 7 years exp. (26 salaries)	₹2.8 L/yr - ₹5.4 L/yr

View all

Last Updated: 5 Apr 2025

Companies similar to Kotak Mahindara Life Insurance for Deputy Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (885 salaries)	₹3 L/yr - ₹10.3 L/yr 46% more
Axis Max Life Insurance Deputy Manager Salary 0 - 14 years exp. (820 salaries)	₹2.4 L/yr - ₹8.5 L/yr 30% more	17 job openings
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HDFC Life Deputy Manager Salary 2 - 15 years exp. (751 salaries)	₹3.5 L/yr - ₹12.1 L/yr 98% more
Bajaj Allianz Life Insurance Deputy Manager Salary 1 - 16 years exp. (328 salaries)	₹4.5 L/yr - ₹16.7 L/yr 162% more
Kotak Mahindra General Insurance Deputy Manager Salary 4 - 12 years exp. (216 salaries)	₹3 L/yr - ₹7 L/yr 32% more
Star Health & Allied Insurance Deputy Manager Salary 1 - 13 years exp. (207 salaries)	₹2.7 L/yr - ₹9.5 L/yr 52% more
Aditya Birla Sun Life Insurance Deputy Manager Salary 2 - 10 years exp. (195 salaries)	₹2.9 L/yr - ₹10 L/yr 48% more
Reliance Nippon Life Insurance Deputy Manager Salary 1 - 17 years exp. (64 salaries)	₹3.7 L/yr - ₹12.4 L/yr 77% more
ICICI Prudential Life Insurance Deputy Manager Salary 0 - 7 years exp. (53 salaries)	₹2.3 L/yr - ₹8 L/yr 21% more
Shriram Life Insurance Deputy Manager Salary 3 - 15 years exp. (44 salaries)	₹4 L/yr - ₹10 L/yr 72% more

View all

Deputy Manager salary at Kotak Mahindara Life Insurance ranges between ₹2 Lakhs to ₹5.7 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 762 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Deputy Manager

1d ago

₹4.4 Lakhs

4 years exp.

5d ago

₹5 Lakhs

8 years exp.

6d ago

₹4.4 Lakhs

8 years exp.

1w ago

₹4.2 Lakhs

5 years exp.

2w ago

₹4.6 Lakhs

7 years exp.

2w ago

7 years exp.

3w ago

9 years exp.

3w ago

6 years exp.

3w ago

6 years exp.

4w ago

8 years exp.

Experience wise Kotak Mahindara Life Insurance Deputy Manager salaries

Last Updated: 5 Apr 2025

Experience	Avg Annual Salary
Fresher (44 salaries)	₹2 L/yr - ₹4 L/yr
1 year (68 salaries)	₹2.3 L/yr - ₹4.5 L/yr
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2 years (73 salaries)	₹2.3 L/yr - ₹5.1 L/yr
3 years (93 salaries)	₹2.1 L/yr - ₹5 L/yr
4 years (111 salaries)	₹2.3 L/yr - ₹5.1 L/yr
5 years (129 salaries)	₹2.5 L/yr - ₹5.6 L/yr
6 years (104 salaries)	₹3 L/yr - ₹5.3 L/yr
7 years (44 salaries)	₹2.9 L/yr - ₹5.5 L/yr
8 years (59 salaries)	₹3 L/yr - ₹5.5 L/yr
9 years (37 salaries)	₹3.4 L/yr - ₹5.7 L/yr

View all

From

Deputy Manager

₹

Lakhs/yr

0 - 9 years exp.

Branch Manager

₹

Lakhs/yr

3 - 18 years exp.

Deputy Manager

0 - 9 years exp.

Sales Manager

0 - 10 years exp.

9% hike

Assistant Branch Manager

4 - 15 years exp.

48% hike

From

View 2 more levels

Deputy Manager

0 - 9 years exp.

Chief Manager

0 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Kotak Mahindara Life Insurance

Team Manager Salary

(12 salaries)

₹1.2 L/yr - ₹7.46 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.7 L/yr - ₹32.8 L/yr

Branch Manager Salary

(204 salaries)

₹5 L/yr - ₹13.5 L/yr

Area Manager Salary

(32 salaries)

₹5.02 L/yr - ₹21 L/yr

Cluster Manager Salary

(34 salaries)

₹4.96 L/yr - ₹15 L/yr

Service Manager Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Deputy Branch Manager Salary

(7 salaries)

₹3.2 L/yr - ₹4.5 L/yr

Program Manager Salary

(3 salaries)

₹4.4 L/yr - ₹7 L/yr

Project Manager Salary

(14 salaries)

₹6.5 L/yr - ₹22 L/yr

Operations Manager Salary

(42 salaries)

₹2.65 L/yr - ₹9 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

Salary related reviews for Kotak Mahindara Life Insurance

3.2

Rated by 218 employees for salary & benefits

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

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

Deputy Manager in Mumbai

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.

Skill development - Good

+1 more

Dislikes

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

Salary - Poor

+1 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

Team Manager in Kolkata

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.....

Dislikes

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

Salary - Bad

+6 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Kotak Mahindara Life Insurance Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Kotak Mahindara Life Insurance ?

The average salary of a Deputy Manager at Kotak Mahindara Life Insurance in India typically ranges from ₹2.0 Lakhs to ₹5.7 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Deputy Manager at Kotak Mahindara Life Insurance earn more than ₹4.9 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Deputy 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 700+ Kotak Mahindara Life Insurance employees in India.

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 in India typically ranges from ₹29,812 to ₹31,128 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹5.7 Lakhs per year for employees with experience ranging from Fresher to 9 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 700+ salaries received from various employees of Kotak Mahindara Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Deputy Manager at Kotak Mahindara Life Insurance ?

To be a Deputy Manager at Kotak Mahindara Life Insurance in india, the key skills required include:

- Life Insurance
- Sales
- Cross Selling
- Sales Planning
- Relationship Management

These skills are highly valued at Kotak Mahindara Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindara Life Insurance for Deputy Manager in India?

Swiss Re	₹7.5 Lakhs to ₹32.0 Lakhs per year
The New India Assurance Co.	₹17.0 Lakhs to ₹26.0 Lakhs per year
United India Insurance Company	₹11.0 Lakhs to ₹24.0 Lakhs per year
The Oriental Insurance Co.	₹15.0 Lakhs to ₹21.0 Lakhs per year
XL Catlin	₹8.2 Lakhs to ₹20.0 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.

What is the salary of a Deputy Manager in companies similar to Kotak Mahindara Life Insurance in India?

The salary of a Deputy Manager at companies similar to Kotak Mahindara Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Maruti Suzuki Insurance Broking	₹9.8 Lakhs to ₹16.0 Lakhs per year
Bajaj Allianz Life Insurance	₹4.5 Lakhs to ₹16.7 Lakhs per year
HDFC Life	₹3.5 Lakhs to ₹12.1 Lakhs per year
ICICI Lombard General Insurance Company	₹4.7 Lakhs to ₹13.3 Lakhs per year
Reliance Nippon Life Insurance	₹3.7 Lakhs to ₹12.4 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Deputy Manager at Kotak Mahindara Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹4.0 Lakhs per year
1 year	₹2.3 Lakhs to ₹4.5 Lakhs per year
2 years	₹2.3 Lakhs to ₹5.1 Lakhs per year
3 years	₹2.1 Lakhs to ₹5.0 Lakhs per year

and so on.

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Kotak Mahindara Life Insurance Deputy Manager Salaries by Location

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Kotak Mahindara Life Insurance Deputy Manager Salaries

Kotak Mahindara Life Insurance Deputy Manager salary in India ranges between ₹2 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 762 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

Companies similar to Kotak Mahindara Life Insurance for Deputy Manager

Latest annual salaries shared by Kotak Mahindara Life Insurance Deputy Manager

Experience wise Kotak Mahindara Life Insurance Deputy Manager salaries

Similar Designation salaries in Kotak Mahindara Life Insurance

Top skills at Kotak Mahindara Life Insurance for Deputy Manager

Salary related reviews for Kotak Mahindara Life Insurance

Deputy Manager in Mumbai

Deputy Manager in Thane

Deputy Manager in Mumbai

Relationship Manager in Kolkata

Team Manager in Kolkata

Kotak Mahindara Life Insurance Deputy Manager Salary FAQs

Tell us how to improve this page.

Kotak Mahindara Life Insurance Deputy Manager Salaries by Location