Kotak Mahindara Life Insurance Deputy Relationship Manager Salaries by 10+ Employees (Updated 2025)

0 - 6 years exp.

₹2.5 Lakhs - ₹4.2 Lakhs

Salary of majority employees

17% less than the average Deputy Relationship Manager Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Deputy Relationship Manager Salary 3 - 6 years exp. (4 salaries)	₹3.4 L/yr - ₹3.8 L/yr
Customer Success, Service & Operations Deputy Relationship Manager Salary 1 - 4 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.2 L/yr
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Sales & Business Development Deputy Relationship Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹3.5 L/yr

Last Updated: 23 Aug 2024

Companies similar to Kotak Mahindara Life Insurance for Deputy Relationship Manager

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Sun Life Insurance Deputy Relationship Manager Salary 0 - 5 years exp. (7 salaries)	₹2.5 L/yr - ₹4 L/yr 2% less
Tata AIA Life Insurance Deputy Relationship Manager Salary 2 - 4 years exp. (4 salaries)	₹2.7 L/yr - ₹3.7 L/yr 9% less
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AU Small Finance Bank Deputy Relationship Manager Salary 1 - 8 years exp. (234 salaries)	₹2.5 L/yr - ₹5.2 L/yr 6% more
Cholamandalam Investment & Finance Deputy Relationship Manager Salary 2 - 9 years exp. (96 salaries)	₹2.1 L/yr - ₹4 L/yr 18% less
Star Union Dai-ichi Life Insurance Deputy Relationship Manager Salary 1 - 10 years exp. (84 salaries)	₹2.7 L/yr - ₹4.6 L/yr 7% more

Deputy Relationship Manager salary at Kotak Mahindara Life Insurance ranges between ₹2.5 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Deputy Relationship Manager salaries

Last Updated: 23 Aug 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.5 L/yr
1 year (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.2 L/yr
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2 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.4 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.8 L/yr
4 years (3 salaries)	₹3 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Relationship Manager Salary

(209 salaries)

₹1.75 L/yr - ₹7 L/yr

Relationship Officer Salary

(4 salaries)

₹2.15 L/yr - ₹5 L/yr

Deputy Manager Salary

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₹2 L/yr - ₹5.69 L/yr

Territory Sales Manager Salary

(4 salaries)

₹4.8 L/yr - ₹18 L/yr

Branch Manager Salary

(198 salaries)

₹4.5 L/yr - ₹13 L/yr

Area Sales Manager Salary

(8 salaries)

₹3.5 L/yr - ₹8.4 L/yr

Territory Manager Salary

(AmbitionBox Estimate)

₹14.2 L/yr - ₹18.2 L/yr

Branch Sales Manager Salary

(15 salaries)

₹3 L/yr - ₹7 L/yr

Assistant Sales Manager Salary

(11 salaries)

₹2.3 L/yr - ₹4.12 L/yr

Store Manager Salary

(AmbitionBox Estimate)

₹25.7 L/yr - ₹32.8 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.0

Rated by 1 employees for salary & benefits

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 26 Jun 2024

1.0

for Salary and Benefits

Likes

Managerial support.

Company culture - Good

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."

Salary - Bad

+2 more

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

Sales Associate in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 14 May 2024

1.0

for Salary and Benefits

Likes

Job Security

Dislikes

Top Most Management in this company is worst; decision-making skills are very low Salary packages are very low for junior profiles but there work load is huge as compared with there senior profiles. Zero salary hikes and annual bonuses also depend on your boss; if he wants to give you 100,000, you will get it; if he wants to give you 10,000, that is your bonus. Huge package difference between senior boss and junior employees (ex., senior . Sr. boss package is above 30 Lacs but junior package is below 5 Lacs), Very little appreciation employees

Salary - Bad

+5 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

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

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Kotak Mahindara Life Insurance Deputy Relationship Manager Salary FAQs

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

Deputy Relationship Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹2.5 Lakhs to ₹4.2 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 17% less than the average Deputy Relationship Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Deputy Relationship Manager at Kotak Mahindara Life Insurance is 17% less than the average salary of a Deputy Relationship Manager in India. To know exact salary insights, login to view.

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

Star Union Dai-ichi Life Insurance Deputy Relationship Manager Salary - ₹2.7 Lakhs to ₹4.6 Lakhs per year
AU Small Finance Bank Deputy Relationship Manager Salary - ₹2.5 Lakhs to ₹5.2 Lakhs per year

What is the salary of a Deputy Relationship Manager in companies similar to Kotak Mahindara Life Insurance in India?

Aditya Birla Sun Life Insurance Deputy Relationship Manager Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
Tata AIA Life Insurance Deputy Relationship Manager Salary - ₹2.7 Lakhs to ₹3.7 Lakhs per year
Cholamandalam Investment & Finance Deputy Relationship Manager Salary - ₹2.1 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Deputy Relationship Manager at Kotak Mahindara Life Insurance ranges between ₹25,358 per month to ₹26,791 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Deputy Relationship Manager salary in India which ranges between ₹2.5 Lakhs to ₹4.2 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Deputy Relationship Manager at Kotak Mahindara Life Insurance?

According to AmbitionBox, 89% of the Kotak Mahindara Life Insurance Deputy Relationship Managers reported a notice period of 2 Months, 11% reported a notice period of 15 days or less.This is based on 9 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance Deputy Relationship Manager Salaries

Kotak Mahindara Life Insurance Deputy Relationship Manager salary in India ranges between ₹2.5 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.