Cholamandalam MS General Insurance ASM Salaries by 4 Employees (Updated 2025)

5 - 25 years exp.

₹4.3 Lakhs - ₹22 Lakhs

Low Confidence

Salary of majority employees

31% more than the average ASM Salary in Insurance Companies for 5 - 25 years of experience

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Salaries in different departments

BFSI, Investments & Trading ASM Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.7 L/yr
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Finance & Accounting ASM Salary 12 - 25 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹22 L/yr

Last Updated: 3 Jan 2025

Companies similar to Cholamandalam MS General Insurance for ASM

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company ASM Salary 5 - 9 years exp. (3 salaries)	₹7.6 L/yr - ₹30 L/yr 93% more
HDFC Ergo General Insurance ASM Salary 0 - 9 years exp. (4 salaries)	₹3.2 L/yr - ₹10.5 L/yr 47% less
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Bajaj Allianz General Insurance ASM Salary 4 - 15 years exp. (3 salaries)	₹5.7 L/yr - ₹9 L/yr 23% less
Reliance General Insurance ASM Salary 1 - 6 years exp. (7 salaries)	₹3.4 L/yr - ₹4.8 L/yr 59% less
Tata AIG ASM Salary 10 - 15 years exp. (9 salaries)	₹8.2 L/yr - ₹14.5 L/yr 16% more
Axis Max Life Insurance ASM Salary 1 - 9 years exp. (123 salaries)	₹2.3 L/yr - ₹4.8 L/yr 61% less
Aditya Birla Health Insurance Co ASM Salary 1 - 6 years exp. (18 salaries)	₹2.2 L/yr - ₹4.5 L/yr 66% less
Aviva Life Insurance India ASM Salary 0 - 10 years exp. (10 salaries)	₹2.1 L/yr - ₹3 L/yr 74% less
Bharti AXA Life Insurance ASM Salary 3 - 11 years exp. (5 salaries)	₹2.6 L/yr - ₹5 L/yr 59% less
Life Insurance Corporation of India ASM Salary 7 - 8 years exp. (3 salaries)	₹3 L/yr - ₹5 L/yr 55% less
Royal Sundaram General Insurance ASM Salary 11 - 12 years exp. (3 salaries)	₹7 L/yr - ₹8 L/yr 25% less
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Bajaj Allianz Life Insurance ASM Salary 1 - 5 years exp. (3 salaries)	₹1.9 L/yr - ₹2.3 L/yr 77% less
ManipalCigna Health Insurance ASM Salary 5 - 11 years exp. (3 salaries)	₹4.5 L/yr - ₹8.3 L/yr 27% less

ASM salary at Cholamandalam MS General Insurance ranges between ₹4.3 Lakhs to ₹22 Lakhs per year for employees with experience between 5 years to 25 years. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance ASM salaries

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
6 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹4.9 L/yr
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12 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
15+ years (AmbitionBox Estimate)	₹19.8 L/yr - ₹25.3 L/yr

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Salary related reviews for Cholamandalam MS General Insurance

4.0

Rated by 1 employees for salary & benefits

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

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

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

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.

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Cholamandalam MS General Insurance ASM Salary FAQs

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

ASM salary at Cholamandalam MS General Insurance in India ranges between ₹4.3 Lakhs to ₹22.0 Lakhs for experience between 5 years to 25 years. According to our estimates it is 31% more than the average ASM Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam MS General Insurance India.

How does the salary of a ASM at Cholamandalam MS General Insurance India compare with the average salary range for this job?

The average salary of a ASM at Cholamandalam MS General Insurance is 31% more than the average salary of a ASM in India. To know exact salary insights, login to view.

Which similar companies are paying more than Cholamandalam MS General Insurance to a ASM in India?

ICICI Lombard General Insurance Company ASM Salary - ₹7.6 Lakhs to ₹30.0 Lakhs per year
Tata AIG ASM Salary - ₹8.2 Lakhs to ₹14.5 Lakhs per year

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

Bajaj Allianz General Insurance ASM Salary - ₹5.7 Lakhs to ₹9.0 Lakhs per year
Royal Sundaram General Insurance ASM Salary - ₹7.0 Lakhs to ₹8.0 Lakhs per year
ManipalCigna Health Insurance ASM Salary - ₹4.5 Lakhs to ₹8.3 Lakhs per year
HDFC Ergo General Insurance ASM Salary - ₹3.2 Lakhs to ₹10.5 Lakhs per year
Life Insurance Corporation of India ASM Salary - ₹3.0 Lakhs to ₹5.0 Lakhs per year

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

The estimated take-home salary of a ASM at Cholamandalam MS General Insurance ranges between ₹69,875 per month to ₹71,671 per month in India. The take-home salary calculation is based on the average Cholamandalam MS General Insurance ASM salary in India which ranges between ₹4.3 Lakhs to ₹22.0 Lakhs per year for employees with experience between 5 years to 25 years. Check how did we calculate take home salary?

What is the notice period for ASM at Cholamandalam MS General Insurance?

According to AmbitionBox, 50% of the Cholamandalam MS General Insurance ASMs reported a notice period of 1 Month, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Cholamandalam MS General Insurance ASM Salaries

Cholamandalam MS General Insurance ASM salary in India ranges between ₹4.3 Lakhs to ₹22 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.