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3.8

based on 2.6k Reviews

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Kotak Mahindara Life Insurance Development Manager salaries in New Delhi

Annual salary range
1 - 9 years exp.
₹4 Lakhs - ₹4.6 Lakhs
Salary of majority employees
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At par with the average Development Manager Salary in Insurance Companies for 1 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Development Manager Salary
1 - 9 years exp. (3 salaries)
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₹4 L/yr - ₹4.6 L/yr

Sales & Business Development
Development Manager Salary
2 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹4.4 L/yr

Last Updated: 24 Sep 2024

Companies similar to Kotak Mahindara Life Insurance for Development Manager in New Delhi

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Kotak Mahindara Life Insurance Development Manager Salary

1 - 9 years exp. (4 salaries)

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₹4 L/yr - ₹4.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹3.3 L/yr - ₹5 L/yr

arrow icon 4% less
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₹2.4 L/yr - ₹4.5 L/yr

arrow icon 16% less
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₹3.5 L/yr - ₹4.3 L/yr

arrow icon 9% less
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₹2.5 L/yr - ₹5 L/yr

arrow icon 25% less
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Bravura Solutions Development Manager Salary

10 - 14 years exp. (7 salaries)

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₹17.1 L/yr - ₹28 L/yr

arrow icon 505% more
Development Manager salary at Kotak Mahindara Life Insurance ranges between ₹4 Lakhs to ₹4.6 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Latest annual salaries shared by Kotak Mahindara Life Insurance Development Manager in New Delhi

3mo ago
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2 years exp.
1y ago
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1 year exp.
1y ago
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9 years exp.
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6 years exp.

Experience wise Kotak Mahindara Life Insurance Development Manager salaries in New Delhi

Last Updated: 24 Sep 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹4 L/yr - ₹7.8 L/yr
2 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹4.4 L/yr
3 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
4 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
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Kotak Mahindara Life Insurance Development Manager Salary and Career Growth

From

To

Development Manager

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0 - 10 years exp.

Chief Manager

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0 - 17 years exp.

Development Manager 0 - 10 years exp.
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Senior Manager 1 - 15 years exp.
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arrow icon 62% hike
    Chief Manager 0 - 17 years exp.
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    arrow icon 65% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Kotak Mahindara Life Insurance

    Deputy Manager Salary
    (50 salaries)
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    ₹3.2 L/yr - ₹5.63 L/yr
    Chief Manager Salary
    (32 salaries)
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    ₹4.5 L/yr - ₹13.2 L/yr
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    ₹3 L/yr - ₹6 L/yr
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    ₹9 L/yr - ₹24.2 L/yr
    Agency Partner Salary
    (5 salaries)
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    ₹1.8 L/yr - ₹5.5 L/yr
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    ₹3 L/yr - ₹4.83 L/yr
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    ₹4.75 L/yr - ₹5.85 L/yr
    Life Advisor Salary
    (4 salaries)
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    ₹2.5 L/yr - ₹4.5 L/yr
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    ₹2.75 L/yr - ₹3.5 L/yr

    Top skills at Kotak Mahindara Life Insurance for Development Manager

    General Insurance Insurance Claims Processing Operations Health Insurance

    Salary related reviews for Kotak Mahindara Life Insurance

    4.0

    Rated by 1 employees for salary & benefits

    Full Time

     · 

    BFSI, Investments & Trading Department

    3.0
      •  posted on 20 Aug 2024

    2.0
     for  Salary and Benefits

    Likes

    Kotak Life learning with colleagues and seniors, helpful people. New innovations happening in business and product teams.

    read more

    Dislikes

    Human Resources and employees understanding. Human resource donot do anything for employees just gives threat on every occasion to employees for salary hold. New generation should not join this company as ther are better HR polices elsewhere Some department like IT areas slow,no future thought processes. As HR polices are so bad that even your managers and head of department are weak and toothless for any new initiatives

    read more

    Full Time

     · 

    BFSI, Investments & Trading Department

    1.0
      •  posted on 26 Jun 2024

    1.0
     for  Salary and Benefits

    Likes

    Managerial support.

    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."

    read more

    Full Time

     · 

    BFSI, Investments & Trading Department

    3.0
      •  posted on 18 Nov 2024

    1.0
     for  Salary and Benefits

    Likes

    work life balance and the culture of the organization

    Dislikes

    Salary not up to the mark. not paid as per industry standard. additional branches, additional works given without proper hike in salary. Branches have poor depressing culture, no celebration, revenue generating teams at branches are recognized, not the backend teams irrespective of their contribution to the success. Overall branches are not happy place to work.

    read more

    Full Time

     · 

    Sales & Business Development Department

    2.0
      •  posted on 01 May 2024

    2.0
     for  Salary and Benefits

    Likes

    Nothing good to write about.

    Dislikes

    Can't even count the dislikes. 1. You are never sure that you will get your salary on time. HR can (by mistake) mistakes at time of salary credit. 2. Upper management lies alot. 3. You wont learn anything, if u have ideas of growth and benificial for the company (Forget It) 4. HR is just a word, the people of the department don't know what HR does for a change. 5. You will be promissed alot of things at time of joining, rest assured they are just a myth. This list can go on and on, i just don't wanna waste my time on them anymore.

    read more

    Full Time

     · 

    Customer Success, Service & Operations Department

    3.0
      •  posted on 18 Nov 2024

    1.0
     for  Salary and Benefits

    Likes

    people friendly

    Dislikes

    no gifts or bonus in diwali, every small to small companies atleast gives something as a gift on diwali, working allowance on non working saturdays and extended hours are so less, its just 300 which is below par

    read more
    see more salary related reviews

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    Kotak Mahindara Life Insurance Development Manager Salary FAQs

    What is the salary of Development Manager at Kotak Mahindara Life Insurance New Delhi?
    Development Manager salary at Kotak Mahindara Life Insurance in New Delhi ranges between ₹4.0 Lakhs to ₹4.6 Lakhs for experience between 1 years to 9 years. According to our estimates it is 3% less than the average Development Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Kotak Mahindara Life Insurance New Delhi.
    How does the salary of a Development Manager at Kotak Mahindara Life Insurance New Delhi compare with the average salary range for this job?
    The average salary of a Development Manager at Kotak Mahindara Life Insurance is 3% less than the average salary of a Development Manager in New Delhi. To know exact salary insights, login to view.
    What are the top skills required to work as a Development Manager at Kotak Mahindara Life Insurance?
    General Insurance, Insurance, Claims Processing, Operations and Health Insurance are some of the popular skills required to work as a Development Manager at Kotak Mahindara Life Insurance New Delhi.
    Which similar companies are paying more than Kotak Mahindara Life Insurance to a Development Manager in New Delhi?
    • Bravura Solutions Development Manager Salary - ₹17.1 Lakhs to ₹28.0 Lakhs per year
    What is the salary of a Development Manager in companies similar to Kotak Mahindara Life Insurance in New Delhi?
    • ICICI Prudential Life Insurance Development Manager Salary - ₹3.3 Lakhs to ₹5.0 Lakhs per year
    • ICICI Lombard General Insurance Company Development Manager Salary - ₹3.5 Lakhs to ₹4.3 Lakhs per year
    • SBI Life Insurance Company Development Manager Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year
    • Edelweiss Tokio Life Insurance Development Manager Salary - ₹2.5 Lakhs to ₹5.0 Lakhs per year
    What is the estimated take home salary of a Development Manager at Kotak Mahindara Life Insurance in New Delhi?
    The estimated take-home salary of a Development Manager at Kotak Mahindara Life Insurance ranges between ₹32,186 per month to ₹33,467 per month in New Delhi. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance Development Manager salary in India which ranges between ₹4.0 Lakhs to ₹4.6 Lakhs per year for employees with experience between 1 years to 9 years. Check how did we calculate take home salary?
    What is the notice period for Development Manager at Kotak Mahindara Life Insurance in New Delhi?
    According to AmbitionBox, 50% of the Kotak Mahindara Life Insurance Development Managers in New Delhi reported a notice period of 1 Month, 25% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

    Tell us how to improve this page.

    Kotak Mahindara Life Insurance Development Manager salary in New Delhi ranges between ₹4 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.