Cholamandalam MS General Insurance Mumbai Area Head Salaries by 20+ Employees

6 - 18 years exp.

₹4.6 Lakhs - ₹17 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% less than the average Area Head Salary in Insurance Companies for 6 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Area Head Salary 6 - 18 years exp. (8 salaries)	₹4.6 L/yr - ₹16.5 L/yr
Sales & Business Development Area Head Salary 7 - 15 years exp. (6 salaries)	₹6.9 L/yr - ₹13.7 L/yr
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Marketing & Communication Area Head Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹10 L/yr

Last Updated: 20 Nov 2024

Companies similar to Cholamandalam MS General Insurance for Area Head in Mumbai

Cholamandalam MS General Insurance Area Head Salary

6 - 18 years exp. (23 salaries)

₹4.6 L/yr - ₹17 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Area Head Salary 6 - 17 years exp. (16 salaries)	₹6.2 L/yr - ₹15 L/yr 6% more	1 job opening
Star Union Dai-ichi Life Insurance Area Head Salary 11 - 16 years exp. (6 salaries)	₹14 L/yr - ₹16 L/yr 49% more
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Magma HDI General Insurance Area Head Salary 4 - 17 years exp. (4 salaries)	₹18.2 L/yr - ₹23.3 L/yr 104% more
Bharti AXA Life Insurance Area Head Salary 11 - 19 years exp. (4 salaries)	₹9 L/yr - ₹9.5 L/yr 7% less
Future Generali India Life Insurance Area Head Salary 14 - 18 years exp. (4 salaries)	₹12 L/yr - ₹15 L/yr 37% more	1 job opening

Area Head salary at Cholamandalam MS General Insurance ranges between ₹4.6 Lakhs to ₹17 Lakhs per year for employees with experience between 6 years to 18 years. Salary estimates are based on 23 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Area Head salaries in Mumbai

Last Updated: 20 Nov 2024

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹6.6 L/yr - ₹8.4 L/yr
7 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.9 L/yr
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8 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
9 years (AmbitionBox Estimate)	₹7.8 L/yr - ₹9.9 L/yr
10 years (4 salaries)	₹6.9 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
13 years (3 salaries)	₹8 L/yr - ₹11.3 L/yr
14 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
15+ years (6 salaries)	₹11.4 L/yr - ₹17 L/yr

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From

Area Head

6 - 18 years exp.

State Head

11 - 20 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Cholamandalam MS General Insurance

Deputy Manager Salary

(10 salaries)

₹5.6 L/yr - ₹11 L/yr

Branch Manager Salary

(10 salaries)

₹3.5 L/yr - ₹7.5 L/yr

Area Manager Salary

(6 salaries)

₹9.5 L/yr - ₹16.9 L/yr

Sales Executive Salary

(3 salaries)

₹2.9 L/yr - ₹3.2 L/yr

Sales Manager Salary

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₹4.3 L/yr - ₹6 L/yr

Salary related reviews for Cholamandalam MS General Insurance

3.1

Rated by 5 employees for salary & benefits

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.

Area Head in Pune

Full Time

Sales & Business Development Department

3.0

• posted on 15 Apr 2022

3.0

for Salary and Benefits

Likes

Overall company is good. Working culture is satisfactory. Salary compensation is also as per industry norms .

Dislikes

I can't say much because I am not dissatisfied with company,I am dissatisfied with my channel. But still I can say company should change their approach according to the market competition. Orthodox and old system should change time to time.

Skill development - Poor

+1 more

Area Head in New Delhi

BFSI, Investments & Trading Department

4.0

• posted on 03 Jul 2019

4.0

for Salary and Benefits

Likes

Good work environment. Employee oriented Company. Gives value to employees at all level. Platform to learn a lot with different verticals and challanges.

Salary - Good

+6 more

Dislikes

Compensation is decent but growth is little slow. Frequent changes in verticals, which somehow impact on individual's growth, in my opinion.

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Cholamandalam MS General Insurance Area Head Salary FAQs

What is the salary of Area Head at Cholamandalam MS General Insurance in Mumbai?

The average salary of a Area Head at Cholamandalam MS General Insurance in Mumbai typically ranges from ₹4.6 Lakhs to ₹17.0 Lakhs per year, depending on experience (from 6 years to 18 years).

The top 10% of Area Head in Mumbai at Cholamandalam MS General Insurance earn more than ₹16.1 Lakhs per year, and the top 1% earn over ₹17.0 Lakhs per year. Area Head 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 20+ Cholamandalam MS General Insurance employees in India.

What is the estimated take home salary of a Area Head at Cholamandalam MS General Insurance in Mumbai?

The estimated take-home salary of a Area Head at Cholamandalam MS General Insurance in Mumbai typically ranges from ₹71,551 to ₹73,395 per month. This is based on the average salary range of ₹4.6 Lakhs to ₹17.0 Lakhs per year for employees with experience ranging from 6 years to 18 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 20+ 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 Area Head in India?

Magma HDI General Insurance	₹18.2 Lakhs to ₹23.3 Lakhs per year
Star Union Dai-ichi Life Insurance	₹14.0 Lakhs to ₹16.0 Lakhs per year
Future Generali India Life Insurance	₹12.0 Lakhs to ₹15.0 Lakhs per year
Axis Max Life Insurance	₹6.2 Lakhs to ₹15.0 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 Area Head in companies similar to Cholamandalam MS General Insurance in Mumbai?

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

Bharti AXA Life Insurance

₹9.0 Lakhs to ₹9.5 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 Area Head at Cholamandalam MS General Insurance in Mumbai?

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

Experience	Average Salary Range
6 years	₹6.6 Lakhs to ₹8.4 Lakhs per year
7 years	₹7.0 Lakhs to ₹8.9 Lakhs per year
8 years	₹7.4 Lakhs to ₹9.4 Lakhs per year
9 years	₹7.8 Lakhs to ₹9.9 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Area Head Salaries in Mumbai

Cholamandalam MS General Insurance Area Head salary in Mumbai ranges between ₹4.6 Lakhs to ₹17 Lakhs with an average annual salary of ₹. Salary estimates are based on 23 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.