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

9 - 15 years exp.

₹9.5 Lakhs - ₹16.9 Lakhs

Salary of majority employees

8% more than the average Area Manager Salary in Insurance Companies for 9 - 15 years of experience

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Salaries in different departments

Sales & Business Development Area Manager Salary 9 - 15 years exp. (5 salaries)	₹9.5 L/yr - ₹16.9 L/yr
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BFSI, Investments & Trading Area Manager Salary 15 years exp. (AmbitionBox Estimate)	₹10.3 L/yr - ₹12 L/yr

Last Updated: 12 Feb 2025

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

Cholamandalam MS General Insurance Area Manager Salary

9 - 15 years exp. (6 salaries)

₹9.5 L/yr - ₹16.9 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Area Manager Salary 3 - 14 years exp. (17 salaries)	₹6.8 L/yr - ₹18.5 L/yr 30% more
HDFC Ergo General Insurance Area Manager Salary 5 - 12 years exp. (3 salaries)	₹7.1 L/yr - ₹11.4 L/yr 21% less
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Reliance General Insurance Area Manager Salary 10 - 18 years exp. (4 salaries)	₹7.6 L/yr - ₹21 L/yr 26% more
Future Generali India Life Insurance Area Manager Salary 13 - 18 years exp. (5 salaries)	₹15.5 L/yr - ₹16.8 L/yr 45% more	2 job openings
Axis Max Life Insurance Area Manager Salary 7 - 15 years exp. (27 salaries)	₹5 L/yr - ₹11 L/yr 24% less	1 job opening
Bajaj Allianz Life Insurance Area Manager Salary 7 - 13 years exp. (11 salaries)	₹5 L/yr - ₹13 L/yr 14% less
Star Union Dai-ichi Life Insurance Area Manager Salary 12 - 18 years exp. (9 salaries)	₹8 L/yr - ₹16.5 L/yr 11% more
Aviva Life Insurance India Area Manager Salary 7 - 20 years exp. (6 salaries)	₹9 L/yr - ₹12 L/yr 4% less
Bharti AXA Life Insurance Area Manager Salary 9 - 17 years exp. (4 salaries)	₹8 L/yr - ₹15 L/yr At par
Edelweiss Life Insurance Area Manager Salary 12 - 16 years exp. (4 salaries)	₹13.5 L/yr - ₹15.2 L/yr 28% more
Aditya Birla Health Insurance Co Area Manager Salary 10 - 13 years exp. (3 salaries)	₹8.8 L/yr - ₹13.5 L/yr 9% less
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Area Manager salary at Cholamandalam MS General Insurance ranges between ₹9.5 Lakhs to ₹16.9 Lakhs per year for employees with experience between 9 years to 15 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 Mumbai

Last Updated: 12 Feb 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹10 L/yr - ₹18.9 L/yr
10 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.4 L/yr
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11 years (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.7 L/yr
12 years (AmbitionBox Estimate)	₹10 L/yr - ₹20.3 L/yr
13 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹16.4 L/yr
14 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹16.9 L/yr
15+ years (AmbitionBox Estimate)	₹9.5 L/yr - ₹21.9 L/yr

View all

Similar Designation salaries in Cholamandalam MS General Insurance

Branch Manager Salary

(7 salaries)

₹3.5 L/yr - ₹7 L/yr

Deputy Manager Salary

(6 salaries)

₹6 L/yr - ₹11 L/yr

Sales Manager Salary

(3 salaries)

₹3.86 L/yr - ₹6 L/yr

Salary related reviews for Cholamandalam MS General Insurance

1.0

Rated by 3 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

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Cholamandalam MS General Insurance Area Manager Salary FAQs

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

Area Manager salary at Cholamandalam MS General Insurance in Mumbai ranges between ₹9.5 Lakhs to ₹16.9 Lakhs for experience between 9 years to 15 years. According to our estimates it is 8% more than the average Area Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Cholamandalam MS General Insurance Mumbai.

How does the salary of a Area Manager at Cholamandalam MS General Insurance Mumbai compare with the average salary range for this job?

The average salary of a Area Manager at Cholamandalam MS General Insurance is 8% more than the average salary of a Area Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Cholamandalam MS General Insurance to a Area Manager in Mumbai?

Future Generali India Life Insurance Area Manager Salary - ₹15.5 Lakhs to ₹16.8 Lakhs per year
ICICI Lombard General Insurance Company Area Manager Salary - ₹6.8 Lakhs to ₹18.5 Lakhs per year
Edelweiss Life Insurance Area Manager Salary - ₹13.5 Lakhs to ₹15.2 Lakhs per year
Reliance General Insurance Area Manager Salary - ₹7.6 Lakhs to ₹21.0 Lakhs per year
Star Union Dai-ichi Life Insurance Area Manager Salary - ₹8.0 Lakhs to ₹16.5 Lakhs per year

What is the salary of a Area Manager in companies similar to Cholamandalam MS General Insurance in Mumbai?

Bharti AXA Life Insurance Area Manager Salary - ₹8.0 Lakhs to ₹15.0 Lakhs per year
Aviva Life Insurance India Area Manager Salary - ₹9.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Health Insurance Co Area Manager Salary - ₹8.8 Lakhs to ₹13.5 Lakhs per year
Bajaj Allianz Life Insurance Area Manager Salary - ₹5.0 Lakhs to ₹13.0 Lakhs per year
HDFC Ergo General Insurance Area Manager Salary - ₹7.1 Lakhs to ₹11.4 Lakhs per year

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

The estimated take-home salary of a Area Manager at Cholamandalam MS General Insurance ranges between ₹80,568 per month to ₹82,667 per month in Mumbai. The take-home salary calculation is based on the average Cholamandalam MS General Insurance Area Manager salary in India which ranges between ₹9.5 Lakhs to ₹16.9 Lakhs per year for employees with experience between 9 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Area Manager at Cholamandalam MS General Insurance in Mumbai?

According to AmbitionBox, 71% of the Cholamandalam MS General Insurance Area Managers in Mumbai reported a notice period of 3 Months, 29% reported a notice period of 1 Month.This is based on 7 responses on AmbitionBox in last 2 years.

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Cholamandalam MS General Insurance Area Manager Salaries in Mumbai

Cholamandalam MS General Insurance Area Manager salary in Mumbai ranges between ₹9.5 Lakhs to ₹16.9 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 Mumbai (Updated 2025)

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

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

Experience wise Cholamandalam MS General Insurance Area Manager salaries in Mumbai

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

Tell us how to improve this page.