Kotak Mahindra General Insurance Mumbai Deputy Manager Salaries by 80+ Employees (Updated 2025)

4 - 12 years exp.

₹3 Lakhs - ₹7 Lakhs

Avg. annual salary

Monthly In-hand Salary

40% less than the average Deputy Manager Salary in Insurance Companies for 4 - 12 years of experience

Interested in this particular role?

Salaries in different departments

Customer Success, Service & Operations Deputy Manager Salary 5 - 12 years exp. (23 salaries)	₹3.7 L/yr - ₹6.7 L/yr
BFSI, Investments & Trading Deputy Manager Salary 4 - 10 years exp. (20 salaries)	₹3 L/yr - ₹6.5 L/yr
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Finance & Accounting Deputy Manager Salary 4 - 8 years exp. (8 salaries)	₹3.6 L/yr - ₹5.8 L/yr
Sales & Business Development Deputy Manager Salary 4 - 9 years exp. (6 salaries)	₹3.8 L/yr - ₹6.2 L/yr
Human Resources Deputy Manager Salary 4 - 5 years exp. (3 salaries)	₹5 L/yr - ₹6.2 L/yr

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Last Updated: 3 Apr 2025

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

Kotak Mahindra General Insurance Deputy Manager Salary

4 - 12 years exp. (82 salaries)

₹3 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Deputy Manager Salary 2 - 15 years exp. (435 salaries)	₹3.5 L/yr - ₹14.4 L/yr 57% more
Kotak Mahindara Life Insurance Deputy Manager Salary 0 - 9 years exp. (434 salaries)	₹2.3 L/yr - ₹5.7 L/yr 20% less
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HDFC Ergo General Insurance Deputy Manager Salary 0 - 13 years exp. (260 salaries)	₹3 L/yr - ₹10.3 L/yr 15% more
Future Generali India Life Insurance Deputy Manager Salary 1 - 17 years exp. (169 salaries)	₹4.3 L/yr - ₹14.7 L/yr 89% more	2 job openings
Aditya Birla Health Insurance Co Deputy Manager Salary 2 - 11 years exp. (146 salaries)	₹4.2 L/yr - ₹12.6 L/yr 49% more
IndiaFirst Life Insurance Deputy Manager Salary 4 - 13 years exp. (58 salaries)	₹4 L/yr - ₹10.7 L/yr 44% more
Aditya Birla Insurance Brokers Deputy Manager Salary 4 - 15 years exp. (14 salaries)	₹5 L/yr - ₹9.5 L/yr 41% more
Cholamandalam MS General Insurance Deputy Manager Salary 1 - 11 years exp. (10 salaries)	₹5.6 L/yr - ₹11 L/yr 61% more
ICICI Prudential Life Insurance Deputy Manager Salary 1 - 6 years exp. (9 salaries)	₹3.8 L/yr - ₹8 L/yr 4% more
ICICI Lombard General Insurance Company Deputy Manager Salary 5 - 13 years exp. (9 salaries)	₹4.7 L/yr - ₹11 L/yr 40% more

Deputy Manager salary at Kotak Mahindra General Insurance ranges between ₹3 Lakhs to ₹7 Lakhs per year for employees with experience between 4 years to 12 years. Salary estimates are based on 82 latest salaries received from various employees of Kotak Mahindra General Insurance.

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

1w ago

₹5.5 Lakhs

8 years exp.

1mo ago

₹4.6 Lakhs

7 years exp.

2mo ago

₹4 Lakhs

8 years exp.

2mo ago

₹5.5 Lakhs

7 years exp.

3mo ago

₹5.7 Lakhs

8 years exp.

3mo ago

8 years exp.

4mo ago

7 years exp.

5mo ago

7 years exp.

5mo ago

8 years exp.

6mo ago

12 years exp.

Experience wise Kotak Mahindra General Insurance Deputy Manager salaries in Mumbai

Last Updated: 3 Apr 2025

Experience	Avg Annual Salary
4 years (11 salaries)	₹3 L/yr - ₹5.7 L/yr
5 years (20 salaries)	₹3.4 L/yr - ₹6.5 L/yr
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6 years (19 salaries)	₹3 L/yr - ₹6.5 L/yr
7 years (12 salaries)	₹3 L/yr - ₹7 L/yr
8 years (11 salaries)	₹3.6 L/yr - ₹6 L/yr
9 years (3 salaries)	₹4 L/yr - ₹6.4 L/yr
10 years (3 salaries)	₹5 L/yr - ₹6.7 L/yr
11 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
12 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.3 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Relationship Manager Salary

(7 salaries)

₹2.35 L/yr - ₹4.25 L/yr

Team Lead Salary

(4 salaries)

₹4.2 L/yr - ₹6.1 L/yr

Deputy Manager Grade 2 Salary

(3 salaries)

₹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

3.3

Rated by 11 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

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Kotak Mahindra General Insurance Deputy Manager Salary FAQs

What is the salary of Deputy Manager at Kotak Mahindra General Insurance in Mumbai?

The average salary of a Deputy Manager at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹3.0 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 4 years to 12 years).

The top 10% of Deputy Manager in Mumbai at Kotak Mahindra General Insurance earn more than ₹6.2 Lakhs per year, and the top 1% earn over ₹6.9 Lakhs per year. Deputy Manager Salaries at Kotak Mahindra General Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 80+ Kotak Mahindra General Insurance employees in India.

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 in Mumbai typically ranges from ₹39,037 to ₹40,217 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 4 years to 12 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 80+ salaries received from various employees of Kotak Mahindra General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Deputy Manager at Kotak Mahindra General Insurance in Mumbai?

To be a Deputy Manager at Kotak Mahindra General Insurance in Mumbai, the key skills required include:

- General Insurance
- agency development
- Motor Insurance
- Sales Support
- Product Training

These skills are highly valued at Kotak Mahindra General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Kotak Mahindra General Insurance for Deputy Manager in India?

Future Generali India Life Insurance	₹4.3 Lakhs to ₹14.7 Lakhs per year
Cholamandalam MS General Insurance	₹5.6 Lakhs to ₹11.0 Lakhs per year
HDFC Life	₹3.5 Lakhs to ₹14.4 Lakhs per year
Aditya Birla Health Insurance Co	₹4.2 Lakhs to ₹12.6 Lakhs per year
IndiaFirst Life Insurance	₹4.0 Lakhs to ₹10.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Kotak Mahindra General Insurance, depending on the role and experience level.

What is the salary of a Deputy Manager in companies similar to Kotak Mahindra General Insurance in Mumbai?

The salary of a Deputy Manager at companies similar to Kotak Mahindra General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Insurance Brokers	₹5.0 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹4.7 Lakhs to ₹11.0 Lakhs per year
HDFC Ergo General Insurance	₹3.0 Lakhs to ₹10.3 Lakhs per year
ICICI Prudential Life Insurance	₹3.8 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance	₹2.3 Lakhs to ₹5.7 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

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

Experience	Average Salary Range
4 years	₹3.0 Lakhs to ₹5.7 Lakhs per year
5 years	₹3.4 Lakhs to ₹6.5 Lakhs per year
6 years	₹3.0 Lakhs to ₹6.5 Lakhs per year
7 years	₹3.0 Lakhs to ₹7.0 Lakhs per year

and so on.

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Kotak Mahindra General Insurance Deputy Manager Salaries in Mumbai

Kotak Mahindra General Insurance Deputy Manager salary in Mumbai ranges between ₹3 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 82 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.

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

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

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

Experience wise Kotak Mahindra General Insurance Deputy Manager salaries in Mumbai

Similar Designation salaries in Kotak Mahindra General Insurance

Top skills at Kotak Mahindra General Insurance for Deputy Manager

Salary related reviews for Kotak Mahindra General Insurance

Chief Manager in Mumbai

Assistant Manager in Mumbai

Business Relationship Manager in Kolkata

Relationship Manager in Raipur

Assistant Manager in Mumbai

Kotak Mahindra General Insurance Deputy Manager Salary FAQs

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