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Cholamandalam MS General Insurance Assistant Branch Manager salaries in India

Annual salary range
1 - 5 years exp.
₹2.6 Lakhs - ₹4.6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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28% less than the average Assistant Branch Manager Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Branch Manager Salary
1 - 5 years exp. (37 salaries)
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₹2.8 L/yr - ₹4.3 L/yr

Sales & Business Development
Assistant Branch Manager Salary
1 - 5 years exp. (11 salaries)
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₹3 L/yr - ₹4.6 L/yr

Marketing & Communication
Assistant Branch Manager Salary
1 - 3 years exp. (6 salaries)
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₹3 L/yr - ₹4.2 L/yr

Customer Success, Service & Operations
Assistant Branch Manager Salary
1 - 3 years exp. (4 salaries)
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₹3 L/yr - ₹3.9 L/yr

Last Updated: 1 Aug 2024

Companies similar to Cholamandalam MS General Insurance for Assistant Branch Manager

Company name Avg Annual Salary Open Jobs
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₹4.1 L/yr - ₹7 L/yr

arrow icon 44% more
7 job openings
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₹5.6 L/yr - ₹10 L/yr

arrow icon 108% more
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₹2.8 L/yr - ₹5 L/yr

arrow icon 3% more
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₹4.5 L/yr - ₹9.9 L/yr

arrow icon 90% more
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₹5 L/yr - ₹8.5 L/yr

arrow icon 65% more
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₹5 L/yr - ₹7.3 L/yr

arrow icon 83% more
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₹5 L/yr - ₹8 L/yr

arrow icon 85% more
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₹4.3 L/yr - ₹10.3 L/yr

arrow icon 81% more
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₹8 L/yr - ₹10.8 L/yr

arrow icon 152% more
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₹3 L/yr - ₹7.4 L/yr

arrow icon 39% more
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₹3.8 L/yr - ₹6.5 L/yr

arrow icon 47% more
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₹4.2 L/yr - ₹6 L/yr

arrow icon 48% more
Assistant Branch Manager salary at Cholamandalam MS General Insurance ranges between ₹2.6 Lakhs to ₹4.6 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 69 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance Assistant Branch Manager

5mo ago
₹2.6 Lakhs
3 years exp.
11mo ago
₹2.6 Lakhs
2 years exp.
1y ago
₹3 Lakhs
2 years exp.
1y ago
₹3.9 Lakhs
3 years exp.
1y ago
₹3.7 Lakhs
3 years exp.
1y ago
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2 years exp.
1y ago
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3 years exp.
1y ago
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4 years exp.
1y ago
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1 year exp.
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5 years exp.

Experience wise Cholamandalam MS General Insurance Assistant Branch Manager salaries

Last Updated: 1 Aug 2024

Experience Avg Annual Salary
1 year  (30 salaries)

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₹3 L/yr - ₹4.3 L/yr
2 years  (18 salaries)

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₹2.6 L/yr - ₹4.2 L/yr
3 years  (14 salaries)

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₹2.6 L/yr - ₹4.1 L/yr
4 years  (4 salaries)

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₹3 L/yr - ₹4 L/yr
5 years  (3 salaries)

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₹1.5 L/yr - ₹4.6 L/yr
Cholamandalam MS General Insurance Assistant Branch Manager Salary and Career Growth

From

To

Assistant Branch Manager

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1 - 5 years exp.

Area Manager

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8 - 17 years exp.

Branch Manager 3 - 14 years exp.
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arrow icon 56% hike
    Area Manager 8 - 17 years exp.
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    arrow icon 65% hike

    From

    To

    Assistant Branch Manager

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    1 - 5 years exp.

    State Head

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    11 - 20 years exp.

    From

    To

    Assistant Branch Manager

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    1 - 5 years exp.

    Cluster Manager

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    5 - 17 years exp.

    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in Cholamandalam MS General Insurance

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    ₹3 L/yr - ₹4.35 L/yr
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    ₹5.8 L/yr - ₹8.5 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
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    ₹3.5 L/yr - ₹5.6 L/yr
    Department Manager Salary
    (AmbitionBox Estimate)
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    ₹23 L/yr - ₹29.3 L/yr
    Cluster Manager Salary
    (17 salaries)
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    ₹6.5 L/yr - ₹10 L/yr
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    ₹4 L/yr - ₹6.5 L/yr
    Branch Sales Manager Salary
    (AmbitionBox Estimate)
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    ₹6.3 L/yr - ₹8 L/yr
    Store Manager Salary
    (AmbitionBox Estimate)
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    ₹24.3 L/yr - ₹31.1 L/yr

    Salary related reviews for Cholamandalam MS General Insurance

    3.1

    Rated by 23 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.

    read more

    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 Assistant Branch Manager Salary FAQs

    What is the salary of Assistant Branch Manager at Cholamandalam MS General Insurance ?
    The average salary of a Assistant Branch Manager at Cholamandalam MS General Insurance in India typically ranges from ₹2.6 Lakhs to ₹4.6 Lakhs per year, depending on experience (from 1 year to 5 years).

    The top 10% of Assistant Branch Manager at Cholamandalam MS General Insurance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Assistant Branch 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 60+ Cholamandalam MS General Insurance employees in India.
    What is the estimated take home salary of a Assistant Branch Manager at Cholamandalam MS General Insurance in India?
    The estimated take-home salary of a Assistant Branch Manager at Cholamandalam MS General Insurance in India typically ranges from ₹26,651 to ₹28,065 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹4.6 Lakhs per year for employees with experience ranging from 1 year to 5 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 60+ 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 Assistant Branch Manager in India?
    Life Insurance Corporation of India ₹8.0 Lakhs to ₹10.8 Lakhs per year
    Star Union Dai-ichi Life Insurance ₹5.6 Lakhs to ₹10.0 Lakhs per year
    Aditya Birla Health Insurance Co ₹4.5 Lakhs to ₹9.9 Lakhs per year
    Axis Max Life Insurance ₹5.0 Lakhs to ₹8.0 Lakhs per year
    Aviva Life Insurance India ₹5.0 Lakhs to ₹7.3 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 Assistant Branch Manager in companies similar to Cholamandalam MS General Insurance in India?
    The salary of a Assistant Branch 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:

    Bharti AXA Life Insurance ₹4.3 Lakhs to ₹10.3 Lakhs per year
    Bajaj Allianz Life Insurance ₹5.0 Lakhs to ₹8.5 Lakhs per year
    Ageas Federal Life Insurance ₹4.2 Lakhs to ₹6.0 Lakhs per year
    Pramerica Life Insurance ₹3.8 Lakhs to ₹6.5 Lakhs per year
    Future Generali India Life Insurance ₹4.1 Lakhs to ₹7.0 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 Assistant Branch Manager at Cholamandalam MS General Insurance in India?
    The salary growth for a Assistant Branch Manager at Cholamandalam MS General Insurance depends on factors such as experience, performance, and promotions. On average, a Assistant Branch Manager can expect the following growth trajectory at Cholamandalam MS General Insurance:

    Experience Average Salary Range
    1 year ₹3.0 Lakhs to ₹4.3 Lakhs per year
    2 years ₹2.6 Lakhs to ₹4.2 Lakhs per year
    3 years ₹2.6 Lakhs to ₹4.1 Lakhs per year
    4 years ₹3.0 Lakhs to ₹4.0 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Cholamandalam MS General Insurance Assistant Branch Manager salary in India ranges between ₹2.6 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 69 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.