Kotak Mahindra General Insurance Deputy Vice President Salaries by 20+ Employees (Updated 2025)

7 - 24 years exp.

₹21 Lakhs - ₹35 Lakhs

Salary of majority employees

14% less than the average Deputy Vice President Salary in Insurance Companies for 7 - 24 years of experience

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Salaries in different departments

Sales & Business Development Deputy Vice President Salary 14 - 24 years exp. (8 salaries)	₹21 L/yr - ₹31.1 L/yr
BFSI, Investments & Trading Deputy Vice President Salary 11 - 15 years exp. (3 salaries)	₹24.9 L/yr - ₹31 L/yr
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Strategic & Top Management Deputy Vice President Salary 10 - 18 years exp. (3 salaries)	₹24 L/yr - ₹31 L/yr

Last Updated: 11 Jan 2025

Companies similar to Kotak Mahindra General Insurance for Deputy Vice President

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Deputy Vice President Salary 14 - 25 years exp. (131 salaries)	₹20 L/yr - ₹56 L/yr 33% more
HDFC Ergo General Insurance Deputy Vice President Salary 14 - 22 years exp. (148 salaries)	₹18 L/yr - ₹44.9 L/yr 1% more
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Bajaj Allianz General Insurance Deputy Vice President Salary 15 - 17 years exp. (3 salaries)	₹30 L/yr - ₹70 L/yr 64% more
Reliance General Insurance Deputy Vice President Salary 16 - 21 years exp. (13 salaries)	₹22.7 L/yr - ₹45 L/yr 6% more
Tata AIG Deputy Vice President Salary 10 - 22 years exp. (61 salaries)	₹19.2 L/yr - ₹45.1 L/yr 1% more
SBI General Insurance Deputy Vice President Salary 17 - 28 years exp. (9 salaries)	₹33.8 L/yr - ₹49 L/yr 40% more
Kotak Mahindara Life Insurance Deputy Vice President Salary 13 - 20 years exp. (115 salaries)	₹11 L/yr - ₹44 L/yr 5% less
IndiaFirst Life Insurance Deputy Vice President Salary 13 - 19 years exp. (14 salaries)	₹22 L/yr - ₹52 L/yr 17% more
Bharti AXA Life Insurance Deputy Vice President Salary 15 - 23 years exp. (14 salaries)	₹30 L/yr - ₹47 L/yr 31% more
Aviva Life Insurance India Deputy Vice President Salary 11 - 17 years exp. (10 salaries)	₹30 L/yr - ₹41.1 L/yr 24% more
ManipalCigna Health Insurance Deputy Vice President Salary 16 - 22 years exp. (9 salaries)	₹30.1 L/yr - ₹43 L/yr 36% more
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Aditya Birla Health Insurance Co Deputy Vice President Salary 17 - 22 years exp. (5 salaries)	₹35.5 L/yr - ₹53 L/yr 49% more
Edelweiss Life Insurance Deputy Vice President Salary 10 - 19 years exp. (5 salaries)	₹28 L/yr - ₹42 L/yr 29% more
Pramerica Life Insurance Deputy Vice President Salary 13 - 23 years exp. (4 salaries)	₹34.6 L/yr - ₹52.5 L/yr 63% more

Deputy Vice President salary at Kotak Mahindra General Insurance ranges between ₹21 Lakhs to ₹35 Lakhs per year for employees with experience between 7 years to 24 years. Salary estimates are based on 20 latest salaries received from various employees of Kotak Mahindra General Insurance.

Experience wise Kotak Mahindra General Insurance Deputy Vice President salaries

Last Updated: 11 Jan 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹35 L/yr
8 years (AmbitionBox Estimate)	₹27.6 L/yr - ₹35.3 L/yr
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9 years (AmbitionBox Estimate)	₹27.3 L/yr - ₹34.9 L/yr
10 years (3 salaries)	₹12 L/yr - ₹32 L/yr
11 years (3 salaries)	₹25.4 L/yr - ₹31 L/yr
12 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹31 L/yr
13 years (AmbitionBox Estimate)	₹26.1 L/yr - ₹33.4 L/yr
14 years (AmbitionBox Estimate)	₹24.7 L/yr - ₹51.7 L/yr
15+ years (11 salaries)	₹21 L/yr - ₹30 L/yr

View all

Similar Designation salaries in Kotak Mahindra General Insurance

Associate Vice President Salary

(19 salaries)

₹8 L/yr - ₹26.05 L/yr

Assistant Vice President Salary

(5 salaries)

₹22.5 L/yr - ₹30.8 L/yr

Deputy Manager Salary

(200 salaries)

₹2.95 L/yr - ₹7.25 L/yr

Regional Head Salary

(4 salaries)

₹20.6 L/yr - ₹34.5 L/yr

Regional Manager Salary

(4 salaries)

₹14.5 L/yr - ₹30 L/yr

Branch Manager Salary

(6 salaries)

₹6.5 L/yr - ₹8.3 L/yr

Area Sales Manager Salary

(7 salaries)

₹5 L/yr - ₹17.3 L/yr

Cluster Manager Salary

(4 salaries)

₹5.3 L/yr - ₹7.7 L/yr

Area Head Salary

(AmbitionBox Estimate)

₹5.1 L/yr - ₹6.6 L/yr

Relationship Manager Salary

(34 salaries)

₹2.35 L/yr - ₹5.31 L/yr

Top skills at Kotak Mahindra General Insurance for Deputy Vice President

Vendor Management Administration Facility Management

Salary related reviews for Kotak Mahindra General Insurance

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

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

Deputy Manager Grade 2 in Panipat

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

Assistant Manager in IT Park Infinite Dindhosi Malad East

Full Time

Digital department Department

3.0

• posted on 08 Mar 2023

2.0

for Salary and Benefits

Likes

Good experience very nice and boss always supported and share good knowledge

Skill development - Good

+1 more

Dislikes

Sitting arrangements is not proper and they are not doing any cultural progress and any picnic . IT service slow and management is slow.

Salary - Poor

+2 more

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Kotak Mahindra General Insurance Deputy Vice President Salary FAQs

What is the salary of Deputy Vice President at Kotak Mahindra General Insurance?

Deputy Vice President salary at Kotak Mahindra General Insurance in India ranges between ₹21.0 Lakhs to ₹35.0 Lakhs for experience between 7 years to 24 years. According to our estimates it is 14% less than the average Deputy Vice President Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Kotak Mahindra General Insurance India.

How does the salary of a Deputy Vice President at Kotak Mahindra General Insurance India compare with the average salary range for this job?

The average salary of a Deputy Vice President at Kotak Mahindra General Insurance is 14% less than the average salary of a Deputy Vice President in India. To know exact salary insights, login to view.

What are the top skills required to work as a Deputy Vice President at Kotak Mahindra General Insurance?

Vendor Management, Administration and Facility Management are some of the popular skills required to work as a Deputy Vice President at Kotak Mahindra General Insurance India.

Which similar companies are paying more than Kotak Mahindra General Insurance to a Deputy Vice President in India?

Bajaj Allianz General Insurance Deputy Vice President Salary - ₹30.0 Lakhs to ₹70.0 Lakhs per year
Pramerica Life Insurance Deputy Vice President Salary - ₹34.6 Lakhs to ₹52.5 Lakhs per year
Aditya Birla Health Insurance Co Deputy Vice President Salary - ₹35.5 Lakhs to ₹53.0 Lakhs per year
SBI General Insurance Deputy Vice President Salary - ₹33.8 Lakhs to ₹49.0 Lakhs per year
ManipalCigna Health Insurance Deputy Vice President Salary - ₹30.1 Lakhs to ₹43.0 Lakhs per year

What is the salary of a Deputy Vice President in companies similar to Kotak Mahindra General Insurance in India?

ICICI Lombard General Insurance Company Deputy Vice President Salary - ₹20.0 Lakhs to ₹56.0 Lakhs per year
Bharti AXA Life Insurance Deputy Vice President Salary - ₹30.0 Lakhs to ₹47.0 Lakhs per year
Edelweiss Life Insurance Deputy Vice President Salary - ₹28.0 Lakhs to ₹42.0 Lakhs per year
Aviva Life Insurance India Deputy Vice President Salary - ₹30.0 Lakhs to ₹41.1 Lakhs per year
IndiaFirst Life Insurance Deputy Vice President Salary - ₹22.0 Lakhs to ₹52.0 Lakhs per year

What is the estimated take home salary of a Deputy Vice President at Kotak Mahindra General Insurance in India?

The estimated take-home salary of a Deputy Vice President at Kotak Mahindra General Insurance ranges between ₹1,75,526 per month to ₹1,82,325 per month in India. The take-home salary calculation is based on the average Kotak Mahindra General Insurance Deputy Vice President salary in India which ranges between ₹21.0 Lakhs to ₹35.0 Lakhs per year for employees with experience between 7 years to 24 years. Check how did we calculate take home salary?

What is the notice period for Deputy Vice President at Kotak Mahindra General Insurance?

According to AmbitionBox, 93% of the Kotak Mahindra General Insurance Deputy Vice Presidents reported a notice period of 3 Months, 7% reported a notice period of 1 Month.This is based on 15 responses on AmbitionBox in last 2 years.

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Kotak Mahindra General Insurance Deputy Vice President Salaries

Kotak Mahindra General Insurance Deputy Vice President salary in India ranges between ₹21 Lakhs to ₹35 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.