Kotak Mahindara Life Insurance Mumbai Suburban Deputy Manager Salaries by 20+ Employees (Updated 2025)

0 - 9 years exp.

₹2.8 Lakhs - ₹6 Lakhs

Salary of majority employees

43% 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 1 - 9 years exp. (15 salaries)	₹2.9 L/yr - ₹4.8 L/yr
Finance & Accounting Deputy Manager Salary 5 - 9 years exp. (5 salaries)	₹4 L/yr - ₹5.9 L/yr
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Administration & Facilities Deputy Manager Salary 5 - 8 years exp. (3 salaries)	₹4.3 L/yr - ₹6 L/yr

Last Updated: 25 Jan 2025

Companies similar to Kotak Mahindara Life Insurance for Deputy Manager in Mumbai Suburban

Kotak Mahindara Life Insurance Deputy Manager Salary

0 - 9 years exp. (25 salaries)

₹2.8 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance Nippon Life Insurance Deputy Manager Salary 12 - 15 years exp. (4 salaries)	₹5.6 L/yr - ₹10.3 L/yr 73% more
SBI General Insurance Deputy Manager Salary 4 - 8 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 27% more
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Aditya Birla Sun Life Insurance Deputy Manager Salary 3 - 8 years exp. (3 salaries)	₹5 L/yr - ₹5.6 L/yr 30% more
Kotak Mahindra General Insurance Deputy Manager Salary 5 - 7 years exp. (3 salaries)	₹3.8 L/yr - ₹5.9 L/yr 23% more
Kotak Securities Deputy Manager Salary 0 - 10 years exp. (38 salaries)	₹2.6 L/yr - ₹6 L/yr 6% more

Deputy Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.8 Lakhs to ₹6 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Deputy Manager salaries in Mumbai Suburban

Last Updated: 25 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.8 L/yr - ₹6.8 L/yr
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹7 L/yr
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2 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹4.6 L/yr
3 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹7.4 L/yr
4 years (4 salaries)	₹3.5 L/yr - ₹4.8 L/yr
5 years (7 salaries)	₹3.3 L/yr - ₹5.5 L/yr
6 years (3 salaries)	₹3.3 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.3 L/yr
8 years (4 salaries)	₹3.6 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹8.7 L/yr

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From

Deputy Manager

₹

Lakhs/yr

0 - 9 years exp.

Chief Manager

₹

Lakhs/yr

0 - 17 years exp.

Deputy Manager 0 - 9 years exp.

Manager 0 - 12 years exp.

28% hike

Senior Manager 1 - 14 years exp.

26% hike

From

2 more levels

Deputy Manager

0 - 9 years exp.

Branch Manager

3 - 18 years exp.

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

3.9

Rated by 2 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

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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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 Suburban?

Deputy Manager salary at Kotak Mahindara Life Insurance in Mumbai Suburban ranges between ₹2.8 Lakhs to ₹6.0 Lakhs for less than 1 year of experience to 9 years. According to our estimates it is 43% less than the average Deputy Manager Salary in India. Salary estimates are based on 25 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai Suburban.

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

The average salary of a Deputy Manager at Kotak Mahindara Life Insurance is 43% less than the average salary of a Deputy Manager in Mumbai Suburban. 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 Suburban.

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

Reliance Nippon Life Insurance Deputy Manager Salary - ₹5.6 Lakhs to ₹10.3 Lakhs per year
Aditya Birla Sun Life Insurance Deputy Manager Salary - ₹5.0 Lakhs to ₹5.6 Lakhs per year
SBI General Insurance Deputy Manager Salary - ₹4.0 Lakhs to ₹6.5 Lakhs per year
Kotak Mahindra General Insurance Deputy Manager Salary - ₹3.8 Lakhs to ₹5.9 Lakhs per year
Kotak Securities Deputy Manager Salary - ₹2.6 Lakhs to ₹6.0 Lakhs per year

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

The estimated take-home salary of a Deputy Manager at Kotak Mahindara Life Insurance ranges between ₹31,911 per month to ₹33,196 per month in Mumbai Suburban. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Deputy Manager salary in India which ranges between ₹2.8 Lakhs to ₹6.0 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 at Kotak Mahindara Life Insurance in Mumbai Suburban?

According to AmbitionBox, 78% of the Kotak Mahindara Life Insurance Deputy Managers in Mumbai Suburban reported a notice period of 3 Months, 11% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Deputy Manager Salaries in Mumbai Suburban

Kotak Mahindara Life Insurance Deputy Manager salary in Mumbai Suburban ranges between ₹2.8 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 25 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.

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

Companies similar to Kotak Mahindara Life Insurance for Deputy Manager in Mumbai Suburban

Latest annual salaries shared by Kotak Mahindara Life Insurance Deputy Manager in Mumbai Suburban

Experience wise Kotak Mahindara Life Insurance Deputy Manager salaries in Mumbai Suburban

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

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Kotak Mahindara Life Insurance Deputy Manager Salary FAQs

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