Kotak Mahindara Life Insurance Deputy Sales Manager Salaries by 4 Employees (Updated 2025)

2 - 10 years exp.

₹3.5 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

Unlock

56% less than the average Deputy Sales Manager Salary in Insurance Companies for 2 - 10 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Deputy Sales Manager Salary 5 - 10 years exp. (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹5.5 L/yr
Login to view exact salary
BFSI, Investments & Trading Deputy Sales Manager Salary 3 years exp. (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹4.2 L/yr

Last Updated: 1 Mar 2025

Companies similar to Kotak Mahindara Life Insurance for Deputy Sales Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Deputy Sales Manager Salary 1 - 10 years exp. (233 salaries)	Unlock ₹3.5 L/yr - ₹8 L/yr 53% more
HDFC Life Deputy Sales Manager Salary 2 - 10 years exp. (3 salaries)	Unlock ₹3.4 L/yr - ₹10.1 L/yr 78% more
Login to view exact salary
SBI Life Insurance Company Deputy Sales Manager Salary 2 - 13 years exp. (5 salaries)	Unlock ₹3 L/yr - ₹7 L/yr 22% more
Axis Max Life Insurance Deputy Sales Manager Salary 3 - 10 years exp. (5 salaries)	Unlock ₹4 L/yr - ₹5.4 L/yr 21% more
Bajaj Allianz Life Insurance Deputy Sales Manager Salary 5 - 14 years exp. (4 salaries)	Unlock ₹9.9 L/yr - ₹11.8 L/yr 195% more
Reliance Nippon Life Insurance Deputy Sales Manager Salary 1 - 4 years exp. (4 salaries)	Unlock ₹2 L/yr - ₹2.6 L/yr 39% less
Aditya Birla Sun Life Insurance Deputy Sales Manager Salary 3 - 10 years exp. (36 salaries)	Unlock ₹3 L/yr - ₹5.9 L/yr 17% more
HDFC Ergo General Insurance Deputy Sales Manager Salary 1 - 11 years exp. (9 salaries)	Unlock ₹4.2 L/yr - ₹6 L/yr 31% more
ICICI Lombard General Insurance Company Deputy Sales Manager Salary 6 - 9 years exp. (3 salaries)	Unlock ₹4.5 L/yr - ₹9.5 L/yr 78% more
Kotak Mahindra General Insurance Deputy Sales Manager Salary 4 - 6 years exp. (3 salaries)	Unlock ₹4.8 L/yr - ₹5.3 L/yr 32% more

Deputy Sales Manager salary at Kotak Mahindara Life Insurance ranges between ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance Deputy Sales Manager salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	Unlock ₹1.4 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹6.4 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	Unlock ₹3.3 L/yr - ₹4.2 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹1.5 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹3.5 L/yr - ₹4.4 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹3.6 L/yr - ₹4.6 L/yr
8 years (AmbitionBox Estimate)	Unlock ₹3.7 L/yr - ₹4.7 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹3.8 L/yr - ₹4.8 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹1.7 L/yr - ₹5.5 L/yr

View all

Similar Designation salaries in Kotak Mahindara Life Insurance

Senior Sales Manager Salary

(60 salaries)

Unlock

₹3 L/yr - ₹6.77 L/yr

Zonal Sales Manager Salary

(AmbitionBox Estimate)

Unlock

₹22.5 L/yr - ₹28.7 L/yr

Territory Sales Manager Salary

(4 salaries)

Unlock

₹4.8 L/yr - ₹18 L/yr

Area Sales Manager Salary

(8 salaries)

Unlock

₹3.5 L/yr - ₹8.4 L/yr

Deputy Manager Salary

(947 salaries)

Unlock

₹2 L/yr - ₹6.25 L/yr

Sales Manager Salary

(555 salaries)

Unlock

₹2 L/yr - ₹6.28 L/yr

Assistant Sales Manager Salary

(11 salaries)

Unlock

₹2.3 L/yr - ₹4.12 L/yr

Regional Manager Salary

(12 salaries)

Unlock

₹10.31 L/yr - ₹22 L/yr

Relationship Manager Salary

(211 salaries)

Unlock

₹1.75 L/yr - ₹7 L/yr

Business Manager Salary

(4 salaries)

Unlock

₹3.3 L/yr - ₹6.2 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

4.5

Rated by 2 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

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

Senior Sales Manager in New Delhi

Sales Department

5.0

• posted on 06 May 2021

4.0

for Salary and Benefits

Likes

Kotak working environment is overall good. Give space to employees to work on their own. Job security is there.

Salary - Good

+5 more

Dislikes

Salary structure is quite low and apprehensive. Difficult to co relate with target and hard work you put in. No goal sheet which directly linked with growth and appraisal.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

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... read more

Got a question about Kotak Mahindara Life Insurance?

Ask anonymously on communities.

Kotak Mahindara Life Insurance Deputy Sales Manager Salary FAQs

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

Deputy Sales Manager salary at Kotak Mahindara Life Insurance in India ranges between ₹3.5 Lakhs to ₹5.5 Lakhs for experience between 2 years to 10 years. According to our estimates it is 56% less than the average Deputy Sales Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance India.

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

The average salary of a Deputy Sales Manager at Kotak Mahindara Life Insurance is 56% less than the average salary of a Deputy Sales 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 Sales Manager in India?

Bajaj Allianz Life Insurance Deputy Sales Manager Salary - ₹9.9 Lakhs to ₹11.8 Lakhs per year
ICICI Lombard General Insurance Company Deputy Sales Manager Salary - ₹4.5 Lakhs to ₹9.5 Lakhs per year
HDFC Life Deputy Sales Manager Salary - ₹3.4 Lakhs to ₹10.1 Lakhs per year
ICICI Prudential Life Insurance Deputy Sales Manager Salary - ₹3.5 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindra General Insurance Deputy Sales Manager Salary - ₹4.8 Lakhs to ₹5.3 Lakhs per year

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

HDFC Ergo General Insurance Deputy Sales Manager Salary - ₹4.2 Lakhs to ₹6.0 Lakhs per year
SBI Life Insurance Company Deputy Sales Manager Salary - ₹3.0 Lakhs to ₹7.0 Lakhs per year
Axis Max Life Insurance Deputy Sales Manager Salary - ₹4.0 Lakhs to ₹5.4 Lakhs per year
Aditya Birla Sun Life Insurance Deputy Sales Manager Salary - ₹3.0 Lakhs to ₹5.9 Lakhs per year
Reliance Nippon Life Insurance Deputy Sales Manager Salary - ₹2.0 Lakhs to ₹2.6 Lakhs per year

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

The estimated take-home salary of a Deputy Sales Manager at Kotak Mahindara Life Insurance ranges between ₹27,576 per month to ₹28,976 per month in India. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Deputy Sales Manager salary in India which ranges between ₹3.5 Lakhs to ₹5.5 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 43% of the Kotak Mahindara Life Insurance Deputy Sales Managers reported a notice period of 2 Months, 28% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 7 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

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

Kotak Mahindara Life Insurance Deputy Sales Manager salary in India ranges between ₹3.5 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.