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Kotak Mahindra General Insurance Deputy Manager salaries in Mumbai (Updated 2025)

Annual salary range
5 - 10 years exp.
₹3 Lakhs - ₹7.1 Lakhs
Salary of majority employees
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40% less than the average Deputy Manager Salary in Insurance Companies for 5 - 10 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Deputy Manager Salary
5 - 10 years exp. (23 salaries)
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₹3.7 L/yr - ₹7.1 L/yr

BFSI, Investments & Trading
Deputy Manager Salary
5 - 10 years exp. (16 salaries)
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₹3 L/yr - ₹6.5 L/yr

Finance & Accounting
Deputy Manager Salary
5 - 8 years exp. (7 salaries)
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₹3.6 L/yr - ₹5.8 L/yr

Sales & Business Development
Deputy Manager Salary
5 - 9 years exp. (4 salaries)
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₹3.8 L/yr - ₹6.2 L/yr

Quality Assurance
Deputy Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹4.9 L/yr

View all

Last Updated: 4 Mar 2025

Companies similar to Kotak Mahindra General Insurance for Deputy Manager in Mumbai

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Kotak Mahindra General Insurance Deputy Manager Salary

5 - 10 years exp. (67 salaries)

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₹3 L/yr - ₹7.1 L/yr

vs
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₹4.7 L/yr - ₹11 L/yr

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₹3.5 L/yr - ₹10.3 L/yr

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₹3.2 L/yr - ₹6 L/yr

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Tata AIG Deputy Manager Salary

2 - 9 years exp. (226 salaries)

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₹20 L/yr - ₹26 L/yr

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₹21 L/yr - ₹24 L/yr

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SBI General Insurance Deputy Manager Salary

4 - 11 years exp. (28 salaries)

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₹4.3 L/yr - ₹10.6 L/yr

arrow icon 8% more
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₹4.3 L/yr - ₹14.9 L/yr

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HDFC Life Deputy Manager Salary

0 - 15 years exp. (477 salaries)

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₹3.5 L/yr - ₹14.4 L/yr

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₹2.3 L/yr - ₹5.7 L/yr

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₹4.2 L/yr - ₹12.6 L/yr

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IndiaFirst Life Insurance Deputy Manager Salary

4 - 13 years exp. (60 salaries)

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₹4 L/yr - ₹10.7 L/yr

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₹5.5 L/yr - ₹13.4 L/yr

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₹3.8 L/yr - ₹8 L/yr

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₹6 L/yr - ₹11 L/yr

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Deputy Manager salary at Kotak Mahindra General Insurance ranges between ₹3 Lakhs to ₹7.1 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 67 latest salaries received from various employees of Kotak Mahindra General Insurance.

Latest annual salaries shared by Kotak Mahindra General Insurance Deputy Manager in Mumbai

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7 years exp.
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Experience wise Kotak Mahindra General Insurance Deputy Manager salaries in Mumbai

Last Updated: 4 Mar 2025

Experience Avg Annual Salary
5 years  (19 salaries)

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₹3.4 L/yr - ₹6.5 L/yr
6 years  (19 salaries)

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₹3 L/yr - ₹6.5 L/yr
7 years  (11 salaries)

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₹3.8 L/yr - ₹7 L/yr
8 years  (11 salaries)

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₹3.6 L/yr - ₹7.1 L/yr
9 years  (4 salaries)

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₹4 L/yr - ₹7 L/yr
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Similar Designation salaries in Kotak Mahindra General Insurance

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₹2.35 L/yr - ₹4.25 L/yr
Team Lead Salary
(4 salaries)
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₹4.2 L/yr - ₹6.1 L/yr
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₹6.5 L/yr - ₹7.11 L/yr

Top skills at Kotak Mahindra General Insurance for Deputy Manager

General Insurance agency development Motor Insurance Sales Support Product Training Sales Training General Insurance Communication Skills Health Insurance Lead Management Sales Agent Recruitment Sales Analytics Data Mining Bancassurance

Salary related reviews for Kotak Mahindra General Insurance

3.4

Rated by 10 employees for salary & benefits

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.

read more
  • Salary - Bad
  • +5 more

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

read more
  • 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

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.

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  • Salary - Poor
  • +1 more

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.

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  • Salary - Bad
  • +6 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 01 Nov 2023

4.0
 for  Salary and Benefits

Likes

Senior management is very supporting and Helping Nature And very nice hold on bank channel imd

  • Salary - Good
  • +5 more

Dislikes

Company totally working offline policy issuance All sales manager depends on ops team for policy issuance and ops team attitude is very high

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Kotak Mahindra General Insurance Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Kotak Mahindra General Insurance Mumbai?
Deputy Manager salary at Kotak Mahindra General Insurance in Mumbai ranges between ₹3.0 Lakhs to ₹7.1 Lakhs for experience between 5 years to 10 years. According to our estimates it is 40% less than the average Deputy Manager Salary in India. Salary estimates are based on 67 latest salaries received from various employees of Kotak Mahindra General Insurance Mumbai.
How does the salary of a Deputy Manager at Kotak Mahindra General Insurance Mumbai compare with the average salary range for this job?
The average salary of a Deputy Manager at Kotak Mahindra General Insurance is 40% less than the average salary of a Deputy Manager in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Deputy Manager at Kotak Mahindra General Insurance?
General Insurance, agency development, Motor Insurance, Sales Support and Product Training are some of the popular skills required to work as a Deputy Manager at Kotak Mahindra General Insurance Mumbai.
Which similar companies are paying more than Kotak Mahindra General Insurance to a Deputy Manager in Mumbai?
  • The New India Assurance Co. Deputy Manager Salary - ₹20.0 Lakhs to ₹26.0 Lakhs per year
  • National Insurance Company Deputy Manager Salary - ₹21.0 Lakhs to ₹24.0 Lakhs per year
  • Bajaj Allianz General Insurance Deputy Manager Salary - ₹9.5 Lakhs to ₹14.0 Lakhs per year
  • ManipalCigna Health Insurance Deputy Manager Salary - ₹5.5 Lakhs to ₹13.4 Lakhs per year
  • Future Generali India Life Insurance Deputy Manager Salary - ₹4.3 Lakhs to ₹14.9 Lakhs per year
What is the salary of a Deputy Manager in companies similar to Kotak Mahindra General Insurance in Mumbai?
  • Cholamandalam MS General Insurance Deputy Manager Salary - ₹6.0 Lakhs to ₹11.0 Lakhs per year
  • HDFC Life Deputy Manager Salary - ₹3.5 Lakhs to ₹14.4 Lakhs per year
  • Aditya Birla Health Insurance Co Deputy Manager Salary - ₹4.2 Lakhs to ₹12.6 Lakhs per year
  • ICICI Lombard General Insurance Company Deputy Manager Salary - ₹4.7 Lakhs to ₹11.0 Lakhs per year
  • IndiaFirst Life Insurance Deputy Manager Salary - ₹4.0 Lakhs to ₹10.7 Lakhs per year
What is the estimated take home salary of a Deputy Manager at Kotak Mahindra General Insurance in Mumbai?
The estimated take-home salary of a Deputy Manager at Kotak Mahindra General Insurance ranges between ₹38,947 per month to ₹40,127 per month in Mumbai. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Deputy Manager salary in India which ranges between ₹3.0 Lakhs to ₹7.1 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?
What is the notice period for Deputy Manager at Kotak Mahindra General Insurance in Mumbai?
According to AmbitionBox, 72% of the Kotak Mahindra General Insurance Deputy Managers in Mumbai reported a notice period of 3 Months, 14% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 71 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Deputy Manager salary in Mumbai ranges between ₹3 Lakhs to ₹7.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 67 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.