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

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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
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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
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
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Max Life Insurance Deputy Manager II Salary 3 - 6 years exp. (5 salaries)	₹4 L/yr - ₹6 L/yr 28% more
HDFC Ergo General Insurance Deputy Manager II Salary 3 - 5 years exp. (6 salaries)	₹4.3 L/yr - ₹6.4 L/yr 37% more
SBI General Insurance Deputy Manager II Salary 4 - 6 years exp. (4 salaries)	₹4.5 L/yr - ₹7.5 L/yr 58% 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)	₹3.2 L/yr - ₹6.3 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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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)	₹1.5 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹7 L/yr
7 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹7.1 L/yr
8 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
9 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹7.4 L/yr

View all

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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

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2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindara Life Insurance Deputy Manager II Salary FAQs

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

Deputy Manager II salary at Kotak Mahindara Life Insurance in India ranges between ₹3.2 Lakhs to ₹5.0 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 47% less than the average Deputy Manager II Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

How does the salary of a Deputy Manager II at Kotak Mahindara Life Insurance India compare with the average salary range for this job?

The average salary of a Deputy Manager II at Kotak Mahindara Life Insurance is 47% less than the average salary of a Deputy Manager II in India. To know exact salary insights, login to view.

Which similar companies are paying more than Kotak Mahindara Life Insurance to a Deputy Manager II in India?

HDFC Life Deputy Manager II Salary - ₹6.0 Lakhs to ₹8.5 Lakhs per year
ICICI Prudential Life Insurance Deputy Manager II Salary - ₹4.5 Lakhs to ₹8.3 Lakhs per year
SBI General Insurance Deputy Manager II Salary - ₹4.5 Lakhs to ₹7.5 Lakhs per year
HDFC Ergo General Insurance Deputy Manager II Salary - ₹4.3 Lakhs to ₹6.4 Lakhs per year
Max Life Insurance Deputy Manager II Salary - ₹4.0 Lakhs to ₹6.0 Lakhs per year

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 ranges between ₹27,902 per month to ₹29,298 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Deputy Manager II salary in India which ranges between ₹3.2 Lakhs to ₹5.0 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 II at Kotak Mahindara Life Insurance?

According to AmbitionBox, 100% of the Kotak Mahindara Life Insurance Deputy Manager IIs reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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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.