Kotak Mahindra General Insurance Deputy Manager 1 Salaries by 3 Employees

5 - 6 years exp.

₹5.5 Lakhs - ₹5.9 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

At par with the average Deputy Manager 1 Salary in Insurance Companies for 5 - 6 years of experience

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Salaries in different departments

Sales & Business Development Deputy Manager 1 Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹5.5 L/yr
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BFSI, Investments & Trading Deputy Manager 1 Salary 6 years exp. (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.4 L/yr

Last Updated: 12 Oct 2024

Companies similar to Kotak Mahindra General Insurance for Deputy Manager 1

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Deputy Manager 1 Salary 4 - 12 years exp. (10 salaries)	₹4.5 L/yr - ₹6.3 L/yr 14% less
Kotak Mahindara Life Insurance Deputy Manager 1 Salary 3 - 9 years exp. (6 salaries)	₹2.5 L/yr - ₹5 L/yr 37% less
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HDFC Life Deputy Manager 1 Salary 5 - 15 years exp. (3 salaries)	₹7.2 L/yr - ₹10.7 L/yr 57% more
ICICI Bank Deputy Manager 1 Salary 0 - 11 years exp. (1.3k salaries)	₹2.5 L/yr - ₹9.7 L/yr 5% less
DCB Bank Deputy Manager 1 Salary 2 - 9 years exp. (128 salaries)	₹2.5 L/yr - ₹7 L/yr 15% less

Deputy Manager 1 salary at Kotak Mahindra General Insurance ranges between ₹5.5 Lakhs to ₹5.9 Lakhs per year for employees with experience between 5 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Deputy Manager 1 salaries

Last Updated: 12 Oct 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
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6 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr

Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary

(216 salaries)

₹2.95 L/yr - ₹7 L/yr

Branch Manager Salary

(6 salaries)

₹5.9 L/yr - ₹8.6 L/yr

Sales Manager Salary

(7 salaries)

₹4.25 L/yr - ₹6.5 L/yr

Operations Manager Salary

(6 salaries)

₹2.15 L/yr - ₹5.38 L/yr

Quality Analyst Salary

(3 salaries)

₹5 L/yr - ₹5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹6.1 L/yr - ₹7.8 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 L/yr

Team Lead Salary

(25 salaries)

₹3.7 L/yr - ₹6.48 L/yr

Service Engineer Salary

(3 salaries)

₹3.5 L/yr - ₹4 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹2.6 L/yr - ₹3.3 L/yr

Salary related reviews for Kotak Mahindra General Insurance

5.0

Rated by 1 employees for salary & benefits

Chief Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 02 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Job security - Good

Dislikes

Everything. This company owned by bunch of Kotak bankers at upper end starting from national heads. Who are at city level and if they are kotak bank migrated employee then they will become national heads in just 2 to 3 years but if you have joined from the industry then growth is negligible no matter how good you are. Think 10 times before joining kotak general insurance.

Salary - Bad

+5 more

Assistant Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 15 Feb 2024

2.0

for Salary and Benefits

Likes

False promises given by HR and Manager as was told there will be alternate Saturday Sunday off and Public Holiday but there is no holiday at all we should work on weekends as well

Job security - Good

Dislikes

Lack of knowledge system is very poor to handle it feels like i m working in government

Salary - Poor

+5 more

Business Relationship Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 02 Mar 2025

3.0

for Salary and Benefits

Likes

If a person spent 1 year here that employee can gather huge knoledge about general insurance..the training procedure is really awsome.

Skill development - Excellent

+2 more

Dislikes

Work life balance and the supervisor behaviour is too much pathetic.

Promotions - Poor

+2 more

Relationship Manager in Raipur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 31 Aug 2024

2.0

for Salary and Benefits

Likes

Overall the system is good in process and claims.

Work-life balance - Good

Dislikes

The incentive system is worse. Also some seniors came from the bank so they still don't know about general insurance culture. Overall it is not good especially in central areas like MP CG.

Salary - Poor

+1 more

Assistant Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 06 Feb 2025

1.0

for Salary and Benefits

Likes

There's nothing to like

Dislikes

Everything...no work life balance No appraisal, no matter how much you give your efforts it's a waste. Here no body care about your health or your hard work. Only favourite ppls will get everything they want.

Salary - Bad

+6 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Kotak Mahindra General Insurance Deputy Manager 1 Salary FAQs

How the salary growth look like for a Deputy Manager 1 at Kotak Mahindra General Insurance in India?

The salary growth for a Deputy Manager 1 at Kotak Mahindra General Insurance depends on factors such as experience, performance, and promotions. On average, a Deputy Manager 1 can expect the following growth trajectory at Kotak Mahindra General Insurance:

Experience	Average Salary Range
5 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
6 years	₹5.1 Lakhs to ₹6.5 Lakhs per year

and so on.

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Kotak Mahindra General Insurance Deputy Manager 1 Salaries

Kotak Mahindra General Insurance Deputy Manager 1 salary in India ranges between ₹5.5 Lakhs to ₹5.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.