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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Deputy Manager Grade 2 salaries in Chennai

Annual salary range
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₹2.5 Lakhs - ₹3.2 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.
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Salaries in different departments

BFSI, Investments & Trading
Deputy Manager Grade 2 Salary
1 year exp. (AmbitionBox Estimate)
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₹2.6 L/yr - ₹2.8 L/yr

Teaching & Training
Deputy Manager Grade 2 Salary
1 year exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.7 L/yr

Last Updated: 17 Nov 2023

Companies similar to Kotak Mahindara Life Insurance for Deputy Manager Grade 2 in Chennai

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Kotak Mahindara Life Insurance Deputy Manager Grade 2 Salary

1 year exp. (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr

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ICICI Bank Deputy Manager Grade 2 Salary

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₹4 L/yr - ₹10.4 L/yr

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HDFC Bank Deputy Manager Grade 2 Salary

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₹4 L/yr - ₹6.7 L/yr

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₹3.6 L/yr - ₹6 L/yr

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IndusInd Bank Deputy Manager Grade 2 Salary

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₹3.5 L/yr - ₹6.1 L/yr

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₹5 L/yr - ₹7.5 L/yr

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Deputy Manager Grade 2 salary at Kotak Mahindara Life Insurance ranges between ₹2.5 Lakhs to ₹3.2 Lakhs per year for employees with 1 year of experience. Salary estimates are based on 2 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Similar Designation salaries in Kotak Mahindara Life Insurance

Deputy Manager Salary
(57 salaries)
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₹2.5 L/yr - ₹5.45 L/yr
Sales Manager Salary
(45 salaries)
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₹3 L/yr - ₹5.5 L/yr
Branch Manager Salary
(15 salaries)
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₹5.5 L/yr - ₹9 L/yr
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₹3 L/yr - ₹4.6 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

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."

read 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..

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

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 .

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Kotak Mahindara Life Insurance Deputy Manager Grade 2 Salary FAQs

What is the notice period for Deputy Manager Grade 2 at Kotak Mahindara Life Insurance in Chennai?
According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Deputy Manager Grade 2s in Chennai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Deputy Manager Grade 2 salary in Chennai ranges between ₹2.5 Lakhs to ₹3.2 Lakhs. This is an estimate based on latest salaries received from employees of Kotak Mahindara Life Insurance.