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Cholamandalam MS General Insurance Area Manager salaries in India (Updated 2025)

Annual salary range
8 - 17 years exp.
₹4.5 Lakhs - ₹16.5 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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At par with the average Area Manager Salary in Insurance Companies for 8 - 17 years of experience

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Salaries in different departments

Sales & Business Development
Area Manager Salary
8 - 17 years exp. (66 salaries)
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₹4.5 L/yr - ₹16 L/yr

BFSI, Investments & Trading
Area Manager Salary
9 - 17 years exp. (25 salaries)
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₹5.3 L/yr - ₹14 L/yr

Marketing & Communication
Area Manager Salary
8 - 16 years exp. (13 salaries)
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₹6.5 L/yr - ₹12 L/yr

Last Updated: 6 Apr 2025

Companies similar to Cholamandalam MS General Insurance for Area Manager

Company name Avg Annual Salary Open Jobs
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Axis Max Life Insurance Area Manager Salary

6 - 18 years exp. (270 salaries)

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₹4.2 L/yr - ₹13.5 L/yr

arrow icon 14% less
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Bajaj Allianz Life Insurance Area Manager Salary

6 - 17 years exp. (211 salaries)

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₹5 L/yr - ₹16.5 L/yr

arrow icon 5% more
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₹7.8 L/yr - ₹17.1 L/yr

arrow icon 27% more
2 job openings
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₹10.5 L/yr - ₹20 L/yr

arrow icon 65% more
2 job openings
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Bharti AXA Life Insurance Area Manager Salary

6 - 19 years exp. (39 salaries)

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₹6.1 L/yr - ₹16.5 L/yr

arrow icon 8% more
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Aviva Life Insurance India Area Manager Salary

7 - 20 years exp. (35 salaries)

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₹7 L/yr - ₹14 L/yr

arrow icon 17% more
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₹8 L/yr - ₹16.5 L/yr

arrow icon 26% more
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₹6 L/yr - ₹15 L/yr

arrow icon 10% more
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Shriram General Insurance Area Manager Salary

12 - 20 years exp. (26 salaries)

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₹8.3 L/yr - ₹15 L/yr

arrow icon 19% more
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Edelweiss Life Insurance Area Manager Salary

12 - 20 years exp. (16 salaries)

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₹10 L/yr - ₹16.7 L/yr

arrow icon 52% more
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IndiaFirst Life Insurance Area Manager Salary

13 - 17 years exp. (8 salaries)

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₹9 L/yr - ₹16 L/yr

arrow icon 31% more
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₹9 L/yr - ₹18.5 L/yr

arrow icon 19% more
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SBI General Insurance Area Manager Salary

3 - 21 years exp. (6 salaries)

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₹9 L/yr - ₹15.2 L/yr

arrow icon 24% more
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₹16.3 L/yr - ₹21 L/yr

arrow icon 102% more
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₹8.8 L/yr - ₹16.3 L/yr

arrow icon 43% more
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₹7.5 L/yr - ₹10 L/yr

arrow icon 8% less
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Pramerica Life Insurance Area Manager Salary

14 - 20 years exp. (4 salaries)

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₹9 L/yr - ₹13.1 L/yr

arrow icon 21% more
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₹4.9 L/yr - ₹6.8 L/yr

arrow icon 41% less
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Allianz Partners Area Manager Salary

8 - 11 years exp. (3 salaries)

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₹5.3 L/yr - ₹8 L/yr

arrow icon 28% less
Area Manager salary at Cholamandalam MS General Insurance ranges between ₹4.5 Lakhs to ₹16.5 Lakhs per year for employees with experience between 8 years to 17 years. Salary estimates are based on 118 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance Area Manager

1d ago
₹8.5 Lakhs
8 years exp.
1w ago
₹10.8 Lakhs
13 years exp.
2w ago
₹9 Lakhs
16 years exp.
2w ago
₹6 Lakhs
15 years exp.
2w ago
₹8.6 Lakhs
15 years exp.
2w ago
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12 years exp.
3w ago
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12 years exp.
3w ago
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13 years exp.
3w ago
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17 years exp.
4w ago
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14 years exp.

Experience wise Cholamandalam MS General Insurance Area Manager salaries

Last Updated: 6 Apr 2025

Experience Avg Annual Salary
8 years  (8 salaries)

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₹4.5 L/yr - ₹9.6 L/yr
9 years  (8 salaries)

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₹5.7 L/yr - ₹10.5 L/yr
10 years  (14 salaries)

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₹5.3 L/yr - ₹12.2 L/yr
11 years  (5 salaries)

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₹6.3 L/yr - ₹10.4 L/yr
12 years  (16 salaries)

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₹7 L/yr - ₹15 L/yr
View all

Similar Designation salaries in Cholamandalam MS General Insurance

Sales Manager Salary
(204 salaries)
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₹1.7 L/yr - ₹6 L/yr
Branch Manager Salary
(237 salaries)
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₹2.92 L/yr - ₹8.82 L/yr
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₹5.11 L/yr - ₹13.6 L/yr
Cluster Manager Salary
(17 salaries)
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₹6.5 L/yr - ₹10 L/yr
Deputy Manager Salary
(66 salaries)
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₹4 L/yr - ₹11.25 L/yr
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₹12.7 L/yr - ₹24 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr
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₹4 L/yr - ₹6.5 L/yr
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₹4.6 L/yr - ₹11 L/yr
Team Lead Salary
(36 salaries)
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₹2.8 L/yr - ₹9.5 L/yr

Salary related reviews for Cholamandalam MS General Insurance

3.7

Rated by 33 employees for salary & benefits

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.

read more

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

read more
  • Promotions - Bad
  • +3 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 15 Feb 2022

3.0
 for  Salary and Benefits

Likes

The company provides a very high job security and you would never face any delays in salary. The leaves offered by the company are also good in comparison to other companies.

read more
  • Job security - Excellent

Dislikes

The companies culture is not meant for youngsters or people who wants to work in a challenging and learning environment. A lot of People in this company are working since 10-15 years and have a very rigid mentality and approach towards work. The gowth trajectory is very slow and the learning curve is also flat.

read more
  • Skill development - Bad
  • +4 more

Health Insurance Department

5.0
  •  posted on 15 Feb 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

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.

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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.

read more
  • Salary - Poor
  • +3 more
see more salary related reviews

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Cholamandalam MS General Insurance Area Manager Salary FAQs

What is the salary of Area Manager at Cholamandalam MS General Insurance ?
The average salary of a Area Manager at Cholamandalam MS General Insurance in India typically ranges from ₹4.5 Lakhs to ₹16.5 Lakhs per year, depending on experience (from 8 years to 17 years).

The top 10% of Area Manager at Cholamandalam MS General Insurance earn more than ₹13.0 Lakhs per year, and the top 1% earn over ₹16.9 Lakhs per year. Area Manager 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 100+ Cholamandalam MS General Insurance employees in India.
What is the estimated take home salary of a Area Manager at Cholamandalam MS General Insurance in India?
The estimated take-home salary of a Area Manager at Cholamandalam MS General Insurance in India typically ranges from ₹67,867 to ₹69,607 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹16.5 Lakhs per year for employees with experience ranging from 8 years to 17 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 100+ 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 Manager in India?
Ageas Federal Life Insurance ₹16.3 Lakhs to ₹21.0 Lakhs per year
Future Generali India Life Insurance ₹10.5 Lakhs to ₹20.0 Lakhs per year
Edelweiss Life Insurance ₹10.0 Lakhs to ₹16.7 Lakhs per year
Magma HDI General Insurance ₹8.8 Lakhs to ₹16.3 Lakhs per year
IndiaFirst Life Insurance ₹9.0 Lakhs to ₹16.0 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 Manager in companies similar to Cholamandalam MS General Insurance in India?
The salary of a Area Manager 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:

Star Union Dai-ichi Life Insurance ₹7.8 Lakhs to ₹17.1 Lakhs per year
Aditya Birla Health Insurance Co ₹8.0 Lakhs to ₹16.5 Lakhs per year
SBI General Insurance ₹9.0 Lakhs to ₹15.2 Lakhs per year
Pramerica Life Insurance ₹9.0 Lakhs to ₹13.1 Lakhs per year
Shriram General Insurance ₹8.3 Lakhs to ₹15.0 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 Area Manager at Cholamandalam MS General Insurance in India?
The salary growth for a Area Manager at Cholamandalam MS General Insurance depends on factors such as experience, performance, and promotions. On average, a Area Manager can expect the following growth trajectory at Cholamandalam MS General Insurance:

Experience Average Salary Range
8 years ₹4.5 Lakhs to ₹9.6 Lakhs per year
9 years ₹5.7 Lakhs to ₹10.5 Lakhs per year
10 years ₹5.3 Lakhs to ₹12.2 Lakhs per year
11 years ₹6.3 Lakhs to ₹10.4 Lakhs per year
and so on.

Tell us how to improve this page.

Cholamandalam MS General Insurance Area Manager salary in India ranges between ₹4.5 Lakhs to ₹16.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 118 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.