Cholamandalam MS General Insurance Agent Salaries by 4 Employees

10 - 13 years exp.

₹2 Lakhs - ₹2.6 Lakhs

Low Confidence

Salary of majority employees

15% less than the average Agent Salary in Insurance Companies for 10 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Agent Salary 12 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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Marketing & Communication Agent Salary 13 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.3 L/yr

Last Updated: 16 Apr 2024

Companies similar to Cholamandalam MS General Insurance for Agent

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Agent Salary 1 - 10 years exp. (137 salaries)	₹0.7 L/yr - ₹7 L/yr 17% more
Axis Max Life Insurance Agent Salary 0 - 7 years exp. (25 salaries)	₹1.9 L/yr - ₹5 L/yr 67% more
Login to view exact salary
Bajaj Allianz Life Insurance Agent Salary 1 - 5 years exp. (7 salaries)	₹1.2 L/yr - ₹4.2 L/yr 13% more
Pramerica Life Insurance Agent Salary 0 - 3 years exp. (5 salaries)	₹1.2 L/yr - ₹3.2 L/yr 11% more
Magma HDI General Insurance Agent Salary 1 - 6 years exp. (4 salaries)	₹3.4 L/yr - ₹5.8 L/yr 90% more
SBI General Insurance Agent Salary 1 - 2 years exp. (4 salaries)	₹1.2 L/yr - ₹4 L/yr 20% less
Royal Sundaram General Insurance Agent Salary 3 - 4 years exp. (4 salaries)	₹3.1 L/yr - ₹4 L/yr 61% more
Future Generali India Life Insurance Agent Salary 1 - 4 years exp. (4 salaries)	₹2 L/yr - ₹2.8 L/yr 10% more
Allianz Partners Agent Salary 1 - 5 years exp. (3 salaries)	₹2.8 L/yr - ₹3.7 L/yr 45% more
Bharti AXA Life Insurance Agent Salary 1 - 3 years exp. (3 salaries)	₹1.5 L/yr - ₹2.6 L/yr 2% more
Shriram General Insurance Agent Salary 2 - 28 years exp. (3 salaries)	₹2 L/yr - ₹6 L/yr 77% more
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Agent salary at Cholamandalam MS General Insurance ranges between ₹2 Lakhs to ₹2.6 Lakhs per year for employees with experience between 10 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Agent salaries

Last Updated: 16 Apr 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹2 L/yr - ₹3.8 L/yr
11 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
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12 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.6 L/yr
13 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹4.1 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

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Customer Service Advisor Salary

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Salary related reviews for Cholamandalam MS General Insurance

4.0

Rated by 1 employees for salary & benefits

Customer Service Executive

Operations Department

2.0

• posted on 10 Jun 2019

2.0

for Salary and Benefits

Likes

Good working environment and. Supportive superiors

Dislikes

Pay scale is too low and proper training will not be provided. Will get very little exposure. When it comes to promotion they only prefer candidates who work in that form from long time and also who is friendly with them and Key people of that company is from Tamil Nadu.. From this we can understand how they discourage other employees who are talented and have better qualifications.

Salary - Poor

+4 more

Area Manager in Bikaner

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 20 Nov 2024

3.0

for Salary and Benefits

Likes

Good company. Having Employee friendly. Happy to work here...

Skill development - Excellent

+5 more

Dislikes

Only In company promotion you can't get salary hike as you deserved . Some of the points your salary is laser then your colleagues and team.

Sales Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Aug 2023

3.0

for Salary and Benefits

Likes

Nothing

Dislikes

Appraisals are terrible here even if achieved 275% of ytd target they increase only 7% of salary..no personal life teams meeting every now and then infact after working hours also, continue warning of termination if you fail to achieve daily numbers

Promotions - Bad

+3 more

Agency Manager in Ahmednagar

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 06 Jan 2023

2.0

for Salary and Benefits

Likes

Murugappa group is a very big group, One of them is Chola General Insurance. Salary is good in the company.

Dislikes

The company has a great name, but the company's senior front-line executives are not doing well in support.. The company does not use today's technology in the work.

Salary - Poor

+3 more

Area Head in Pune

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 17 Jan 2023

5.0

for Salary and Benefits

Likes

...nts like tata, icici, Hdfc far better. No stress and dirty internal politics. Variables pay also high as compare to mention company.

Salary - Excellent

+6 more

Dislikes

weekly 1 off, need to change in 5 day working week.

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I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Cholamandalam MS General Insurance Agent Salary FAQs

What is the salary of Agent at Cholamandalam MS General Insurance ?

The average salary of a Agent at Cholamandalam MS General Insurance in India typically ranges from ₹2.0 Lakhs to ₹2.6 Lakhs per year, depending on experience (from 10 years to 13 years).

The top 10% of Agent at Cholamandalam MS General Insurance earn more than ₹2.6 Lakhs per year, and the top 1% earn over ₹2.6 Lakhs per year. Agent Salaries at Cholamandalam MS 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 4 Cholamandalam MS General Insurance employees in India.

What is the estimated take home salary of a Agent at Cholamandalam MS General Insurance in India?

The estimated take-home salary of a Agent at Cholamandalam MS General Insurance in India typically ranges from ₹15,107 to ₹16,684 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹2.6 Lakhs per year for employees with experience ranging from 10 years to 13 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 4 salaries received from various employees of Cholamandalam MS General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Cholamandalam MS General Insurance for Agent in India?

Magma HDI General Insurance	₹3.4 Lakhs to ₹5.8 Lakhs per year
Shriram General Insurance	₹2.0 Lakhs to ₹6.0 Lakhs per year
Axis Max Life Insurance	₹1.9 Lakhs to ₹5.0 Lakhs per year
Royal Sundaram General Insurance	₹3.1 Lakhs to ₹4.0 Lakhs per year
Allianz Partners	₹2.8 Lakhs to ₹3.7 Lakhs per year

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

What is the salary of a Agent in companies similar to Cholamandalam MS General Insurance in India?

The salary of a Agent at companies similar to Cholamandalam MS General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Life Insurance Corporation of India	₹0.7 Lakhs to ₹7.0 Lakhs per year
Bajaj Allianz Life Insurance	₹1.2 Lakhs to ₹4.2 Lakhs per year
Pramerica Life Insurance	₹1.2 Lakhs to ₹3.2 Lakhs per year
Future Generali India Life Insurance	₹2.0 Lakhs to ₹2.8 Lakhs per year
Bharti AXA Life Insurance	₹1.5 Lakhs to ₹2.6 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 Agent at Cholamandalam MS General Insurance in India?

The salary growth for a Agent at Cholamandalam MS General Insurance depends on factors such as experience, performance, and promotions. On average, a Agent can expect the following growth trajectory at Cholamandalam MS General Insurance:

Experience	Average Salary Range
10 years	₹2.0 Lakhs to ₹3.8 Lakhs per year
11 years	₹1.9 Lakhs to ₹2.5 Lakhs per year
12 years	₹2.1 Lakhs to ₹2.6 Lakhs per year
13 years	₹2.1 Lakhs to ₹4.1 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Agent Salaries

Cholamandalam MS General Insurance Agent salary in India ranges between ₹2 Lakhs to ₹2.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.