Kotak Mahindara Life Insurance Deputy Manager II Salaries by 5 Employees (Updated 2025)

0 - 9 years exp.

₹3.2 Lakhs - ₹5 Lakhs

Low Confidence

Salary of majority employees

47% less than the average Deputy Manager II Salary in Insurance Companies for 0 - 9 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Deputy Manager II Salary 6 - 9 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.8 L/yr
Sales & Business Development Deputy Manager II Salary 0 - 7 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.7 L/yr
Login to view exact salary
Customer Success, Service & Operations Deputy Manager II Salary 4 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹5 L/yr

Last Updated: 13 Feb 2025

Companies similar to Kotak Mahindara Life Insurance for Deputy Manager II

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Deputy Manager II Salary 3 - 6 years exp. (6 salaries)	₹4.3 L/yr - ₹6.4 L/yr 37% more
Axis Max Life Insurance Deputy Manager II Salary 3 - 6 years exp. (5 salaries)	₹4 L/yr - ₹6 L/yr 28% more
Login to view exact salary
ICICI Prudential Life Insurance Deputy Manager II Salary 0 - 8 years exp. (4 salaries)	₹4.5 L/yr - ₹8.3 L/yr 61% more
HDFC Life Deputy Manager II Salary 1 - 4 years exp. (3 salaries)	₹6 L/yr - ₹8.5 L/yr 81% more
ICICI Bank Deputy Manager II Salary 0 - 14 years exp. (2k salaries)	₹2.8 L/yr - ₹11 L/yr 92% more

Deputy Manager II salary at Kotak Mahindara Life Insurance ranges between ₹3.2 Lakhs to ₹5 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Deputy Manager II salaries

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
3 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
7 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
9 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Recruitment Development Manager Salary

(716 salaries)

₹2.5 L/yr - ₹5.25 L/yr

Branch Manager Salary

(202 salaries)

₹5 L/yr - ₹13 L/yr

Relationship Manager Salary

(164 salaries)

₹2 L/yr - ₹7 L/yr

Deputy Vice President Salary

(127 salaries)

₹13.01 L/yr - ₹44 L/yr

Branch Training Manager Salary

(91 salaries)

₹2 L/yr - ₹8 L/yr

Assistant Branch Manager Salary

(84 salaries)

₹4.3 L/yr - ₹8.5 L/yr

Branch Operation Executive Salary

(75 salaries)

₹1.8 L/yr - ₹4.6 L/yr

Cluster Manager Salary

(34 salaries)

₹4.96 L/yr - ₹15 L/yr

Key Relationship Manager Salary

(31 salaries)

₹2.5 L/yr - ₹3.55 L/yr

Agency Manager Salary

(26 salaries)

₹2 L/yr - ₹7.64 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

1.9

Rated by 2 employees for salary & benefits

Recruitment Development Manager in Kalyan / Dombivli

Full Time

Other Department

5.0

• posted on 27 Jun 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 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

Assistant Manager Branch Operations in Guwahati

Customer Success, Service & Operations Department

5.0

• posted on 29 Jul 2020

5.0

for Salary and Benefits

Likes

Kotak life as a company for me it is very supportive I am very satisfied with work culture also I found growth and opportunity in Future, Job security. I am always thankful to my exteem organization kotak life.

Salary - Excellent

+6 more

Dislikes

Nothing as such...but salary is decent in our department.

Recruitment Development Manager in Vadodara

Marketing & Communication Department

4.0

• posted on 10 Dec 2017

1.0

for Salary and Benefits

Likes

Training support is best. Knowledge update program good

Skill development - Excellent

Dislikes

...pior have to increase intelligence level. Man management skill want to improve. Need Good professional but with cheaper salary. Not justify with quality

Salary - Bad

+1 more

Recruitment Development Manager in Hisar

RECRUITMENT AND DEVELOPEMENT MANAGER Department

3.0

• posted on 27 Mar 2018

2.0

for Salary and Benefits

Likes

IN KOTAK LIFE TRAINING FOR MANAGERS IS VERY GOOD.

Skill development - Good

+1 more

Dislikes

SALARY PACKAGES ARE VERY LOW AND NO CAREER GROWTH BECAUSE THE CAREER EXPRESS TARGETS ARE MENTIONED WITH " * ". THERE IS NO PHONE BILL REMB. OR NO TRAVEL ALLOUNCE.

Salary - Poor

+1 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about Kotak Mahindara Life Insurance?

Ask anonymously on communities.

Kotak Mahindara Life Insurance Deputy Manager II Salary FAQs

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

The average salary of a Deputy Manager II at Kotak Mahindara Life Insurance in India typically ranges from ₹3.2 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Deputy Manager II at Kotak Mahindara Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Deputy Manager II 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 5 Kotak Mahindara Life Insurance employees in India.

What is the estimated take home salary of a Deputy Manager II at Kotak Mahindara Life Insurance in India?

The estimated take-home salary of a Deputy Manager II at Kotak Mahindara Life Insurance in India typically ranges from ₹27,902 to ₹29,298 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹5.0 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 5 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 Manager II in India?

ICICI Bank	₹2.8 Lakhs to ₹11.0 Lakhs per year
HDFC Life	₹6.0 Lakhs to ₹8.5 Lakhs per year
ICICI Prudential Life Insurance	₹4.5 Lakhs to ₹8.3 Lakhs per year
HDFC Ergo General Insurance	₹4.3 Lakhs to ₹6.4 Lakhs per year
Axis Max Life Insurance	₹4.0 Lakhs to ₹6.0 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.

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

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

Experience	Average Salary Range
Fresher	₹3.1 Lakhs to ₹4.0 Lakhs per year
1 year	₹3.2 Lakhs to ₹4.1 Lakhs per year
2 years	₹3.3 Lakhs to ₹4.2 Lakhs per year
3 years	₹3.3 Lakhs to ₹4.2 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Kotak Mahindara Life Insurance Salaries >
Kotak Mahindara Life Insurance Deputy Manager II Salaries

Kotak Mahindara Life Insurance Deputy Manager II salary in India ranges between ₹3.2 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.