Cholamandalam MS General Insurance Chennai Area Manager Salaries by 6 Employees (Updated 2025)

10 - 17 years exp.

₹6.5 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

7% less than the average Area Manager Salary in Insurance Companies for 10 - 17 years of experience

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Salaries in different departments

Sales & Business Development Area Manager Salary 10 - 17 years exp. (3 salaries)	₹7.3 L/yr - ₹10 L/yr
BFSI, Investments & Trading Area Manager Salary 14 years exp. (AmbitionBox Estimate)	₹6.5 L/yr - ₹10.6 L/yr
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Marketing & Communication Area Manager Salary 15 years exp. (AmbitionBox Estimate)	₹8.2 L/yr - ₹12 L/yr

Last Updated: 12 Mar 2025

Companies similar to Cholamandalam MS General Insurance for Area Manager in Chennai

Cholamandalam MS General Insurance Area Manager Salary

10 - 17 years exp. (6 salaries)

₹6.5 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Area Manager Salary 9 - 16 years exp. (7 salaries)	₹6 L/yr - ₹12.5 L/yr 9% more
Axis Max Life Insurance Area Manager Salary 9 - 15 years exp. (6 salaries)	₹4.2 L/yr - ₹10.8 L/yr 16% less
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Aviva Life Insurance India Area Manager Salary 14 - 19 years exp. (4 salaries)	₹8.5 L/yr - ₹11.2 L/yr 11% more
Bharti AXA Life Insurance Area Manager Salary 11 - 16 years exp. (4 salaries)	₹9.1 L/yr - ₹12.6 L/yr 13% more
Star Union Dai-ichi Life Insurance Area Manager Salary 14 - 17 years exp. (4 salaries)	₹10.6 L/yr - ₹12 L/yr 24% more	2 job openings
Edelweiss Life Insurance Area Manager Salary 14 - 17 years exp. (3 salaries)	₹13.9 L/yr - ₹16.7 L/yr 59% more

Area Manager salary at Cholamandalam MS General Insurance ranges between ₹6.5 Lakhs to ₹12 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 6 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Area Manager salaries in Chennai

Last Updated: 12 Mar 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
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12 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.7 L/yr
13 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
14 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.3 L/yr
15+ years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr

View all

Similar Designation salaries in Cholamandalam MS General Insurance

Deputy Manager Salary

(35 salaries)

₹6.2 L/yr - ₹11 L/yr

Team Lead Salary

(18 salaries)

₹2.8 L/yr - ₹5.8 L/yr

Sales Manager Salary

(11 salaries)

₹3.15 L/yr - ₹5 L/yr

Area Sales Manager Salary

(4 salaries)

₹1.85 L/yr - ₹9.5 L/yr

Salary related reviews for Cholamandalam MS General Insurance

4.0

Rated by 5 employees for salary & benefits

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

Deputy Manager in Chennai

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.

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.

Skill development - Bad

+4 more

Territory Manager in Khammam

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.

Salary - Excellent

+6 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

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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 Manager Salary FAQs

What is the salary of Area Manager at Cholamandalam MS General Insurance in Chennai?

The average salary of a Area Manager at Cholamandalam MS General Insurance in Chennai typically ranges from ₹6.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 10 years to 17 years).

The top 10% of Area Manager in Chennai at Cholamandalam MS General Insurance earn more than ₹11.8 Lakhs per year, and the top 1% earn over ₹12.0 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 6 Cholamandalam MS General Insurance employees in India.

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

The estimated take-home salary of a Area Manager at Cholamandalam MS General Insurance in Chennai typically ranges from ₹68,215 to ₹69,964 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 10 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 6 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?

Edelweiss Life Insurance	₹13.9 Lakhs to ₹16.7 Lakhs per year
Star Union Dai-ichi Life Insurance	₹10.6 Lakhs to ₹12.0 Lakhs per year
Bharti AXA Life Insurance	₹9.1 Lakhs to ₹12.6 Lakhs per year
Aviva Life Insurance India	₹8.5 Lakhs to ₹11.2 Lakhs per year
Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹12.5 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 Chennai?

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

Axis Max Life Insurance

₹4.2 Lakhs to ₹10.8 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 Chennai?

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

Experience	Average Salary Range
10 years	₹7.9 Lakhs to ₹10.0 Lakhs per year
11 years	₹8.1 Lakhs to ₹10.3 Lakhs per year
12 years	₹8.3 Lakhs to ₹10.7 Lakhs per year
13 years	₹8.6 Lakhs to ₹11.0 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Area Manager Salaries in Chennai

Cholamandalam MS General Insurance Area Manager salary in Chennai ranges between ₹6.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

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

Companies similar to Cholamandalam MS General Insurance for Area Manager in Chennai

Latest annual salaries shared by Cholamandalam MS General Insurance Area Manager in Chennai

Experience wise Cholamandalam MS General Insurance Area Manager salaries in Chennai

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Area Manager in Bikaner

Sales Manager in New Delhi

Deputy Manager in Chennai

Territory Manager in Khammam

Agency Manager in Ahmednagar

Cholamandalam MS General Insurance Area Manager Salary FAQs

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