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3.7

based on 223 Reviews

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

Annual salary range
7 - 23 years exp.
₹21 Lakhs - ₹35 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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14% less than the average Deputy Vice President Salary in Insurance Companies for 7 - 23 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Deputy Vice President Salary
17 - 23 years exp. (5 salaries)
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₹21 L/yr - ₹31.6 L/yr

BFSI, Investments & Trading
Deputy Vice President Salary
11 - 15 years exp. (3 salaries)
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₹24.9 L/yr - ₹31 L/yr

Strategic & Top Management
Deputy Vice President Salary
10 - 18 years exp. (3 salaries)
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₹24 L/yr - ₹31 L/yr

Last Updated: 11 Jan 2025

Companies similar to Kotak Mahindra General Insurance for Deputy Vice President in Mumbai

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Kotak Mahindra General Insurance Deputy Vice President Salary

7 - 23 years exp. (15 salaries)
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₹21 L/yr - ₹35 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Ergo General Insurance Deputy Vice President Salary

14 - 22 years exp. (74 salaries)
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₹18 L/yr - ₹44.9 L/yr

arrow icon 11% more
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Kotak Mahindara Life Insurance Deputy Vice President Salary

13 - 20 years exp. (60 salaries)
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₹12.7 L/yr - ₹44 L/yr

arrow icon 4% more
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ICICI Lombard General Insurance Company Deputy Vice President Salary

14 - 23 years exp. (59 salaries)
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₹22 L/yr - ₹56 L/yr

arrow icon 48% more
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IndiaFirst Life Insurance Deputy Vice President Salary

13 - 19 years exp. (14 salaries)
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₹22 L/yr - ₹52 L/yr

arrow icon 18% more
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Bharti AXA Life Insurance Deputy Vice President Salary

15 - 20 years exp. (11 salaries)
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₹34 L/yr - ₹55 L/yr

arrow icon 37% more
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Aditya Birla Health Insurance Co Deputy Vice President Salary

17 - 22 years exp. (4 salaries)
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₹33 L/yr - ₹53 L/yr

arrow icon 61% more
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Edelweiss Life Insurance Deputy Vice President Salary

10 - 19 years exp. (3 salaries)
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₹28 L/yr - ₹36 L/yr

arrow icon 17% 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 23 years. Salary estimates are based on 15 latest salaries received from various employees of Kotak Mahindra General Insurance.

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

2mo ago
₹28 Lakhs
19 years exp.
9mo ago
₹22 Lakhs
23 years exp.
10mo ago
₹31 Lakhs
12 years exp.
10mo ago
₹28 Lakhs
18 years exp.
11mo ago
₹35 Lakhs
7 years exp.
1y ago
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11 years exp.
1y ago
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17 years exp.
1y ago
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10 years exp.
1y ago
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18 years exp.
1y ago
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10 years exp.

Experience wise Kotak Mahindra General Insurance Deputy Vice President salaries in Mumbai

Last Updated: 11 Jan 2025

Experience Avg Annual Salary
7 years (AmbitionBox Estimate)

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₹28.4 L/yr - ₹36.3 L/yr
8 years (AmbitionBox Estimate)

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₹28.1 L/yr - ₹35.9 L/yr
9 years (AmbitionBox Estimate)

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₹27.8 L/yr - ₹35.6 L/yr
10 years (AmbitionBox Estimate)

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₹27.5 L/yr - ₹35.2 L/yr
11 years (AmbitionBox Estimate)

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₹27.2 L/yr - ₹34.8 L/yr
View all

Similar Designation salaries in Kotak Mahindra General Insurance

Deputy Manager Salary
(81 salaries)
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₹3 L/yr - ₹7 L/yr
Associate Vice President Salary
(11 salaries)
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₹8 L/yr - ₹22.5 L/yr
Relationship Manager Salary
(7 salaries)
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₹2.35 L/yr - ₹4.25 L/yr
Assistant Vice President Salary
(3 salaries)
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₹22.5 L/yr - ₹28 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.

read more
  • 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

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

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.

read more
  • 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.

read more
  • 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.

read more
  • Salary - Bad
    • +6 more
see more salary related reviews

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible
Nagarro offer: Kindly Help me to decide
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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 in Mumbai?
The average salary of a Deputy Vice President at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹21.0 Lakhs to ₹35.0 Lakhs per year, depending on experience (from 7 years to 23 years).

The top 10% of Deputy Vice President in Mumbai at Kotak Mahindra General Insurance earn more than ₹31.0 Lakhs per year, and the top 1% earn over ₹35.0 Lakhs per year. Deputy Vice President 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 10+ Kotak Mahindra General Insurance employees in India.
What is the estimated take home salary of a Deputy Vice President at Kotak Mahindra General Insurance in Mumbai?
The estimated take-home salary of a Deputy Vice President at Kotak Mahindra General Insurance in Mumbai typically ranges from ₹1,78,472 to ₹1,85,405 per month. This is based on the average salary range of ₹21.0 Lakhs to ₹35.0 Lakhs per year for employees with experience ranging from 7 years to 23 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 10+ 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 Vice President at Kotak Mahindra General Insurance in Mumbai?
To be a Deputy Vice President at Kotak Mahindra General Insurance in Mumbai, the key skills required include:

  • - Vendor Management
  • - Administration
  • - Facility Management

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 Vice President in India?
Aditya Birla Health Insurance Co ₹33.0 Lakhs to ₹53.0 Lakhs per year
ICICI Lombard General Insurance Company ₹22.0 Lakhs to ₹56.0 Lakhs per year
Bharti AXA Life Insurance ₹34.0 Lakhs to ₹55.0 Lakhs per year
IndiaFirst Life Insurance ₹22.0 Lakhs to ₹52.0 Lakhs per year
Edelweiss Life Insurance ₹28.0 Lakhs to ₹36.0 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 Vice President in companies similar to Kotak Mahindra General Insurance in Mumbai?
The salary of a Deputy Vice President 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:

HDFC Ergo General Insurance ₹18.0 Lakhs to ₹44.9 Lakhs per year
Kotak Mahindara Life Insurance ₹12.7 Lakhs to ₹44.0 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 Vice President at Kotak Mahindra General Insurance in Mumbai?
The salary growth for a Deputy Vice President at Kotak Mahindra General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Deputy Vice President in Mumbai can expect the following growth trajectory at Kotak Mahindra General Insurance:

Experience Average Salary Range
7 years ₹28.4 Lakhs to ₹36.3 Lakhs per year
8 years ₹28.1 Lakhs to ₹35.9 Lakhs per year
9 years ₹27.8 Lakhs to ₹35.6 Lakhs per year
10 years ₹27.5 Lakhs to ₹35.2 Lakhs per year
and so on.

Tell us how to improve this page.

Kotak Mahindra General Insurance Deputy Vice President salary in Mumbai ranges between ₹21 Lakhs to ₹35 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 Kotak Mahindra General Insurance latest salaries received from various employees of Kotak Mahindra General Insurance.