Kotak Mahindara Life Insurance Mumbai DVP Salaries by 9 Employees (Updated 2025)

11 - 20 years exp.

₹26 Lakhs - ₹45 Lakhs

Salary of majority employees

Fixed (93%)

₹30.2 Lakhs

Variable (7%)

₹2.2 Lakhs

At par with the average DVP Salary in Insurance Companies for 11 - 20 years of experience

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Salaries in different departments

Project & Program Management DVP Salary 17 - 20 years exp. (3 salaries)	₹32.3 L/yr - ₹38.6 L/yr
Data Science & Analytics DVP Salary 14 - 17 years exp. (AmbitionBox Estimate)	₹40.8 L/yr - ₹45 L/yr
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Finance & Accounting DVP Salary 12 - 14 years exp. (AmbitionBox Estimate)	₹26 L/yr - ₹31.7 L/yr

Last Updated: 27 Dec 2024

Companies similar to Kotak Mahindara Life Insurance for DVP in Mumbai

Kotak Mahindara Life Insurance DVP Salary

11 - 20 years exp. (9 salaries)

₹26 L/yr - ₹45 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company DVP Salary 11 - 17 years exp. (3 salaries)	₹28.3 L/yr - ₹41.7 L/yr 13% less
IndusInd Bank DVP Salary 10 - 22 years exp. (50 salaries)	₹13 L/yr - ₹36.5 L/yr 20% less
Login to view exact salary
HDFC Bank DVP Salary 12 - 24 years exp. (49 salaries)	₹23 L/yr - ₹48 L/yr 17% more
Axis Bank DVP Salary 12 - 20 years exp. (38 salaries)	₹22 L/yr - ₹53 L/yr 15% more
RBL Bank DVP Salary 9 - 21 years exp. (27 salaries)	₹17 L/yr - ₹32 L/yr 22% less

DVP salary at Kotak Mahindara Life Insurance ranges between ₹26 Lakhs to ₹45 Lakhs per year for employees with experience between 11 years to 20 years. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindara Life Insurance.

Experience wise Kotak Mahindara Life Insurance DVP salaries in Mumbai

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹31 L/yr
12 years (AmbitionBox Estimate)	₹26 L/yr - ₹56.4 L/yr
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13 years (AmbitionBox Estimate)	₹28.5 L/yr - ₹36.4 L/yr
14 years (AmbitionBox Estimate)	₹26 L/yr - ₹44 L/yr
15+ years (5 salaries)	₹32.3 L/yr - ₹45 L/yr

Similar Designation salaries in Kotak Mahindara Life Insurance

Recruitment Development Manager Salary

(91 salaries)

₹3 L/yr - ₹5 L/yr

Deputy Vice President Salary

(59 salaries)

₹12.69 L/yr - ₹44 L/yr

Relationship Manager Salary

(28 salaries)

₹2.4 L/yr - ₹4.5 L/yr

Branch Manager Salary

(19 salaries)

₹6 L/yr - ₹11 L/yr

Assistant Branch Manager Salary

(13 salaries)

₹5.8 L/yr - ₹7.05 L/yr

Branch Operation Executive Salary

(9 salaries)

₹2 L/yr - ₹4.15 L/yr

Key Relationship Manager Salary

(6 salaries)

₹2.5 L/yr - ₹3.5 L/yr

Agency Manager Salary

(5 salaries)

₹2 L/yr - ₹7.44 L/yr

Cluster Manager Salary

(3 salaries)

₹7.31 L/yr - ₹12.5 L/yr

Salary related reviews for Kotak Mahindara Life Insurance

3.0

Rated by 1 employees for salary & benefits

Recruitment Development Manager in Kalyan / Dombivli

Full Time

Other Department

5.0

• posted on 27 Jun 2022

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 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

Assistant Manager Branch Operations in Guwahati

Customer Success, Service & Operations Department

5.0

• posted on 29 Jul 2020

5.0

for Salary and Benefits

Likes

Kotak life as a company for me it is very supportive I am very satisfied with work culture also I found growth and opportunity in Future, Job security. I am always thankful to my exteem organization kotak life.

Salary - Excellent

+6 more

Dislikes

Nothing as such...but salary is decent in our department.

Recruitment Development Manager in Vadodara

Marketing & Communication Department

4.0

• posted on 10 Dec 2017

1.0

for Salary and Benefits

Likes

Training support is best. Knowledge update program good

Skill development - Excellent

Dislikes

...pior have to increase intelligence level. Man management skill want to improve. Need Good professional but with cheaper salary. Not justify with quality

Salary - Bad

+1 more

Recruitment Development Manager in Hisar

RECRUITMENT AND DEVELOPEMENT MANAGER Department

3.0

• posted on 27 Mar 2018

2.0

for Salary and Benefits

Likes

IN KOTAK LIFE TRAINING FOR MANAGERS IS VERY GOOD.

Skill development - Good

+1 more

Dislikes

SALARY PACKAGES ARE VERY LOW AND NO CAREER GROWTH BECAUSE THE CAREER EXPRESS TARGETS ARE MENTIONED WITH " * ". THERE IS NO PHONE BILL REMB. OR NO TRAVEL ALLOUNCE.

Salary - Poor

+1 more

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Kotak Mahindara Life Insurance DVP Salary FAQs

What is the salary of DVP at Kotak Mahindara Life Insurance Mumbai?

DVP salary at Kotak Mahindara Life Insurance in Mumbai ranges between ₹26.0 Lakhs to ₹45.0 Lakhs for experience between 11 years to 20 years. According to our estimates it is 4% more than the average DVP Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Kotak Mahindara Life Insurance Mumbai.

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

The average salary of a DVP at Kotak Mahindara Life Insurance is 4% more than the average salary of a DVP in Mumbai. To know exact salary insights, login to view.

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

HDFC Bank DVP Salary - ₹23.0 Lakhs to ₹48.0 Lakhs per year
Axis Bank DVP Salary - ₹22.0 Lakhs to ₹53.0 Lakhs per year

What is the salary of a DVP in companies similar to Kotak Mahindara Life Insurance in Mumbai?

ICICI Lombard General Insurance Company DVP Salary - ₹28.3 Lakhs to ₹41.7 Lakhs per year
IndusInd Bank DVP Salary - ₹13.0 Lakhs to ₹36.5 Lakhs per year
RBL Bank DVP Salary - ₹17.0 Lakhs to ₹32.0 Lakhs per year

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

The estimated take-home salary of a DVP at Kotak Mahindara Life Insurance ranges between ₹1,98,067 per month to ₹2,05,885 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindara Life Insurance DVP salary in India which ranges between ₹26.0 Lakhs to ₹45.0 Lakhs per year for employees with experience between 11 years to 20 years. Check how did we calculate take home salary?

What is the notice period for DVP at Kotak Mahindara Life Insurance in Mumbai?

According to AmbitionBox, 60% of the Kotak Mahindara Life Insurance DVPs in Mumbai reported a notice period of 3 Months, 40% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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Kotak Mahindara Life Insurance DVP Salaries in Mumbai

Kotak Mahindara Life Insurance DVP salary in Mumbai ranges between ₹26 Lakhs to ₹45 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Kotak Mahindara Life Insurance latest salaries received from various employees of Kotak Mahindara Life Insurance.