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

5 - 25 years exp.

₹4.3 Lakhs - ₹22 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Monthly In-hand Salary

30% 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
Axis Max Life Insurance ASM Salary 0 - 7 years exp. (111 salaries)	₹2.5 L/yr - ₹4.5 L/yr 63% less
Aditya Birla Health Insurance Co ASM Salary 1 - 6 years exp. (18 salaries)	₹2.2 L/yr - ₹4.5 L/yr 66% less
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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
Royal Sundaram General Insurance ASM Salary 8 - 12 years exp. (4 salaries)	₹7 L/yr - ₹10 L/yr 12% less
Life Insurance Corporation of India ASM Salary 7 - 8 years exp. (3 salaries)	₹3 L/yr - ₹5 L/yr 55% less
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

Similar Designation salaries in Cholamandalam MS General Insurance

Area Head Salary

(253 salaries)

₹4.6 L/yr - ₹16.5 L/yr

Sales Manager Salary

(204 salaries)

₹1.7 L/yr - ₹6 L/yr

Branch Manager Salary

(203 salaries)

₹2.92 L/yr - ₹8.82 L/yr

Relationship Manager Salary

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₹2.1 L/yr - ₹6 L/yr

Field Sales Manager Salary

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₹2.4 L/yr - ₹4.8 L/yr

Assistant Branch Manager Salary

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₹2.6 L/yr - ₹4.6 L/yr

Business Development Manager Salary

(59 salaries)

₹2.6 L/yr - ₹13 L/yr

Territory Manager Salary

(48 salaries)

₹4.6 L/yr - ₹11 L/yr

State Head Salary

(42 salaries)

₹7 L/yr - ₹20 L/yr

Area Sales Manager Salary

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₹5.11 L/yr - ₹13.6 L/yr

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

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 ASM Salary FAQs

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

The average salary of a ASM at Cholamandalam MS General Insurance in India typically ranges from ₹4.3 Lakhs to ₹22.0 Lakhs per year, depending on experience (from 5 years to 25 years).

The top 10% of ASM at Cholamandalam MS General Insurance earn more than ₹22.0 Lakhs per year, and the top 1% earn over ₹22.0 Lakhs per year. ASM 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 4 Cholamandalam MS General Insurance employees in India.

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 in India typically ranges from ₹69,875 to ₹71,671 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹22.0 Lakhs per year for employees with experience ranging from 5 years to 25 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 4 salaries received from various employees of Cholamandalam MS General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

The salary of a ASM 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:

Royal Sundaram General Insurance	₹7.0 Lakhs to ₹10.0 Lakhs per year
ManipalCigna Health Insurance	₹4.5 Lakhs to ₹8.3 Lakhs per year
Life Insurance Corporation of India	₹3.0 Lakhs to ₹5.0 Lakhs per year
Bharti AXA Life Insurance	₹2.6 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance	₹2.5 Lakhs to ₹4.5 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 ASM at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
5 years	₹3.9 Lakhs to ₹4.9 Lakhs per year
6 years	₹3.9 Lakhs to ₹4.9 Lakhs per year
12 years	₹7.2 Lakhs to ₹9.2 Lakhs per year
15 years	₹19.8 Lakhs to ₹25.3 Lakhs per year

and so on.

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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.