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Annual salary range
0 - 9 years exp.
₹2
Lakhs - ₹5.7
Lakhs
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary52% 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.
(151
salaries)
|  ₹2.5 L/yr - ₹5.5 L/yr |
Customer Success, Service & Operations
Deputy Manager Salary
1 - 9
years
exp.
(100
salaries)
| ₹3 L/yr - ₹5.7 L/yr |
Login to view exact salary
| |
Finance & Accounting
Deputy Manager Salary
0 - 8
years
exp.
(49
salaries)
| ₹2.3 L/yr - ₹5.5 L/yr |
Sales & Business Development
Deputy Manager Salary
1 - 9
years
exp.
(20
salaries)
| ₹2.5 L/yr - ₹4.9 L/yr |
Marketing & Communication
Deputy Manager Salary
0 - 9
years
exp.
(9
salaries)
| ₹2.4 L/yr - ₹4 L/yr |
Companies similar to Kotak Mahindara Life Insurance for Deputy Manager in Mumbai
Kotak Mahindara Life Insurance
Deputy Manager Salary
0 - 9 years exp. (407 salaries) |  ₹2 L/yr - ₹5.7 L/yr |
vs
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 HDFC Life Deputy Manager Salary
2 - 15 years exp. (425 salaries) | ₹3.5 L/yr - ₹14.4 L/yr 
100%
more | 2 job openings |
 ICICI Prudential Life Insurance Deputy Manager Salary
1 - 7 years exp. (8 salaries) | ₹3.8 L/yr - ₹8 L/yr
30%
more | |
Login to view exact salary
| ||
 SBI Life Insurance Company Deputy Manager Salary
2 - 15 years exp. (8 salaries) | ₹4.5 L/yr - ₹10 L/yr
84%
more | |
 Max Life Insurance Deputy Manager Salary
0 - 12 years exp. (69 salaries) | ₹3.2 L/yr - ₹7.7 L/yr
27%
more | 14 job openings |
 Bajaj Allianz Life Insurance Deputy Manager Salary
2 - 16 years exp. (67 salaries) | ₹5 L/yr - ₹16 L/yr
156%
more | |
 HDFC Ergo General Insurance Deputy Manager Salary
0 - 13 years exp. (250 salaries) | ₹3.5 L/yr - ₹10.3 L/yr
48%
more | |
 Kotak Mahindra General Insurance Deputy Manager Salary
5 - 10 years exp. (66 salaries) | ₹3 L/yr - ₹7.1 L/yr
29%
more | |
 Aditya Birla Sun Life Insurance Deputy Manager Salary
2 - 10 years exp. (65 salaries) | ₹3.2 L/yr - ₹10 L/yr
64%
more | |
 Reliance Nippon Life Insurance Deputy Manager Salary
4 - 17 years exp. (50 salaries) | ₹3.7 L/yr - ₹12 L/yr
94%
more | |
 PNB MetLife Deputy Manager Salary
4 - 15 years exp. (47 salaries) | ₹4 L/yr - ₹12.6 L/yr
108%
more | 1 job opening |
 SBI General Insurance Deputy Manager Salary
5 - 11 years exp. (25 salaries) | ₹4.3 L/yr - ₹9.5 L/yr
43%
more | |
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| ||
 Aditya Birla Insurance Brokers Deputy Manager Salary
4 - 14 years exp. (13 salaries) | ₹4.6 L/yr - ₹7.8 L/yr
69%
more | |
 Star Health & Allied Insurance Deputy Manager Salary
3 - 13 years exp. (13 salaries) | ₹4.8 L/yr - ₹7 L/yr
53%
more | |
 ICICI Lombard General Insurance Company Deputy Manager Salary
5 - 13 years exp. (9 salaries) | ₹4.7 L/yr - ₹11 L/yr
76%
more | |
 Tata AIA Life Insurance Deputy Manager Salary
3 - 8 years exp. (6 salaries) | ₹2 L/yr - ₹8 L/yr
37%
more | |
 Care Health Insurance Deputy Manager Salary
2 - 11 years exp. (3 salaries) | ₹4.2 L/yr - ₹5.3 L/yr
21%
more | |
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
407 latest salaries received
from various employees of Kotak Mahindara Life Insurance.
Latest annual salaries shared by Kotak Mahindara Life Insurance Deputy Manager in Mumbai
2d ago
2
years
exp.
5d ago
8
years
exp.
1w ago
2
years
exp.
2w ago
3
years
exp.
2w ago
9
years
exp.
2w ago
2
years
exp.
3w ago
6
years
exp.
3w ago
1
year
exp.
3w ago
9
years
exp.
1mo ago
6
years
exp.
Experience wise Kotak Mahindara Life Insurance Deputy Manager salaries in Mumbai
Last Updated: 17 Jan 2025
| Experience | Avg Annual Salary |
|---|---|
| Fresher (10 salaries) |
₹2
L/yr
- ₹4
L/yr
|
| 1 year (17 salaries) |
₹2.3
L/yr
- ₹4.5
L/yr
|
Login to view exact salary
| |
| 2 years (28 salaries) |
₹2.3
L/yr
- ₹5.2
L/yr
|
| 3 years (49 salaries) |
₹3
L/yr
- ₹5.1
L/yr
|
| 4 years (64 salaries) |
₹2.3
L/yr
- ₹5.1
L/yr
|
View all
Kotak Mahindara Life Insurance Deputy Manager
Salary and Career Growth
From
To
Deputy Manager
₹
Lakhs/yr
Lakhs/yr
0 - 9 years exp.
Chief Manager
₹
Lakhs/yr
Lakhs/yr
0 - 17 years exp.
Deputy Manager
0 -
9
years
exp.
Manager
0 -
12
years
exp.
34% hike
Senior Manager
1 -
15
years
exp.
30% hike
From
2 more levels
To
Deputy Manager
0 - 9 years exp.
Branch Manager
3 - 17 years exp.
Similar Designation salaries in Kotak Mahindara Life Insurance
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
Discover interview dos and don'ts from real experiences
Top trending discussions
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Salary Discussions, Hike & Promotions
2w (edited)
a social media specialist
Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards.
I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high.
What should be the ideal salary expectation for someone with my experience in the current market?
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Kotak Mahindara Life Insurance Deputy Manager Salary FAQs
What is the salary of Deputy Manager at Kotak Mahindara Life Insurance Mumbai?
Deputy Manager salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹2.0 Lakhs to ₹5.7 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 52% less than the average Deputy Manager Salary in India. Salary estimates are based on 407 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.
How does the salary of a Deputy Manager at Kotak Mahindara Life Insurance Mumbai compare with the average salary range for this job?
The average salary of a Deputy Manager at Kotak Mahindara Life Insurance is 52% less than the average salary of a Deputy Manager in Mumbai. 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 Mumbai.
Which similar companies are paying more than Kotak Mahindara Life Insurance to a Deputy Manager in Mumbai?
- Bajaj Allianz Life Insurance Deputy Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
- PNB MetLife Deputy Manager Salary - ₹4.0 Lakhs to ₹12.6 Lakhs per year
- HDFC Life Deputy Manager Salary - ₹3.5 Lakhs to ₹14.4 Lakhs per year
- Reliance Nippon Life Insurance Deputy Manager Salary - ₹3.7 Lakhs to ₹12.0 Lakhs per year
- SBI Life Insurance Company Deputy Manager Salary - ₹4.5 Lakhs to ₹10.0 Lakhs per year
What is the salary of a Deputy Manager in companies similar to Kotak Mahindara Life Insurance in Mumbai?
- ICICI Lombard General Insurance Company Deputy Manager Salary - ₹4.7 Lakhs to ₹11.0 Lakhs per year
- Aditya Birla Insurance Brokers Deputy Manager Salary - ₹4.6 Lakhs to ₹7.8 Lakhs per year
- Aditya Birla Sun Life Insurance Deputy Manager Salary - ₹3.2 Lakhs to ₹10.0 Lakhs per year
- Star Health & Allied Insurance Deputy Manager Salary - ₹4.8 Lakhs to ₹7.0 Lakhs per year
- HDFC Ergo General Insurance Deputy Manager Salary - ₹3.5 Lakhs to ₹10.3 Lakhs per year
What is the estimated take home salary of a Deputy Manager at Kotak Mahindara Life Insurance in Mumbai?
The estimated take-home salary of a Deputy Manager at Kotak Mahindara Life Insurance ranges between ₹29,776 per month to ₹31,093 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Deputy Manager salary in India which ranges between ₹2.0 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 in Mumbai?
According to AmbitionBox, 58% of the Kotak Mahindara Life Insurance Deputy Managers in Mumbai reported a notice period of 3 Months, 22% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 221 responses on AmbitionBox in last 2 years.
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- Kotak Mahindara Life Insurance Deputy Manager Salaries in Mumbai
Kotak Mahindara Life Insurance Deputy Manager salary
in
Mumbai
ranges between ₹2
Lakhs to ₹5.7
Lakhs with an average annual salary of
₹. Salary estimates are based on
407
Kotak Mahindara Life Insurance latest salaries received from various employees of
Kotak Mahindara Life Insurance.