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Cholamandalam MS General Insurance Assistant Manager salaries in India (Updated 2025)

Annual salary range
1 - 6 years exp.
₹2.2 Lakhs - ₹8 Lakhs
Salary of majority employees
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47% less than the average Assistant Manager Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Assistant Manager Salary
1 - 6 years exp. (14 salaries)
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₹3 L/yr - ₹8 L/yr

Legal & Regulatory
Assistant Manager Salary
1 - 5 years exp. (9 salaries)
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₹4.3 L/yr - ₹7.4 L/yr

Customer Success, Service & Operations
Assistant Manager Salary
3 - 6 years exp. (6 salaries)
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₹2.2 L/yr - ₹6.5 L/yr

Engineering - Software & QA
Assistant Manager Salary
2 - 5 years exp. (3 salaries)
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₹5 L/yr - ₹7.5 L/yr

Sales & Business Development
Assistant Manager Salary
1 - 5 years exp. (3 salaries)
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₹3.5 L/yr - ₹5.2 L/yr

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Last Updated: 25 Mar 2025

Companies similar to Cholamandalam MS General Insurance for Assistant Manager

Company name Avg Annual Salary Open Jobs
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MetLife Assistant Manager Salary

4 - 15 years exp. (903 salaries)

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₹8 L/yr - ₹30 L/yr

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6 job openings
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Axis Max Life Insurance Assistant Manager Salary

0 - 10 years exp. (638 salaries)

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₹2 L/yr - ₹7.5 L/yr

arrow icon 6% less
14 job openings
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₹2.6 L/yr - ₹9.5 L/yr

arrow icon 27% more
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SBI General Insurance Assistant Manager Salary

0 - 10 years exp. (328 salaries)

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₹3 L/yr - ₹8.6 L/yr

arrow icon 5% less
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₹4 L/yr - ₹13.6 L/yr

arrow icon 81% more
1 job opening
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₹2 L/yr - ₹8 L/yr

arrow icon 7% less
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Medi Assist India Assistant Manager Salary

5 - 14 years exp. (273 salaries)

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₹3.1 L/yr - ₹9 L/yr

arrow icon 39% more
2 job openings
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Axa XL Assistant Manager Salary

2 - 10 years exp. (271 salaries)

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₹7 L/yr - ₹19 L/yr

arrow icon 179% more
1 job opening
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₹3 L/yr - ₹13 L/yr

arrow icon 72% more
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₹3 L/yr - ₹10 L/yr

arrow icon 20% more
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₹2.3 L/yr - ₹7 L/yr

arrow icon 9% less
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₹3.3 L/yr - ₹8.5 L/yr

arrow icon 27% more
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₹4 L/yr - ₹9 L/yr

arrow icon 53% more
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Allianz Partners Assistant Manager Salary

5 - 12 years exp. (119 salaries)

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₹5.3 L/yr - ₹12.1 L/yr

arrow icon 90% more
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₹1.6 L/yr - ₹6.2 L/yr

arrow icon 13% less
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₹3.5 L/yr - ₹12.4 L/yr

arrow icon 59% more
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₹3.1 L/yr - ₹11.3 L/yr

arrow icon 47% more
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₹2.7 L/yr - ₹11.4 L/yr

arrow icon 48% more
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Family Health Plan Assistant Manager Salary

5 - 10 years exp. (92 salaries)

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₹2.2 L/yr - ₹5.5 L/yr

arrow icon 9% less
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₹4 L/yr - ₹13 L/yr

arrow icon 64% more
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Assistant Manager salary at Cholamandalam MS General Insurance ranges between ₹2.2 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 50 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance Assistant Manager

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Experience wise Cholamandalam MS General Insurance Assistant Manager salaries

Last Updated: 25 Mar 2025

Experience Avg Annual Salary
1 year  (8 salaries)

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₹3 L/yr - ₹7 L/yr
2 years  (11 salaries)

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₹2.5 L/yr - ₹8 L/yr
3 years  (8 salaries)

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₹2.2 L/yr - ₹7 L/yr
4 years  (8 salaries)

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₹3 L/yr - ₹7.5 L/yr
5 years  (7 salaries)

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₹2.8 L/yr - ₹7.5 L/yr
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Similar Designation salaries in Cholamandalam MS General Insurance

Department Manager Salary
(AmbitionBox Estimate)
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₹23 L/yr - ₹29.3 L/yr
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₹2.6 L/yr - ₹4.6 L/yr
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₹1 L/yr - ₹9 L/yr
Team Manager Salary
(3 salaries)
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₹10 L/yr - ₹26 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹24.3 L/yr - ₹31.1 L/yr
Branch Manager Salary
(202 salaries)
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₹2.92 L/yr - ₹8.82 L/yr
Deputy Manager Salary
(66 salaries)
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₹4 L/yr - ₹11.25 L/yr
Sales Manager Salary
(194 salaries)
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₹1.7 L/yr - ₹6 L/yr
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₹2.1 L/yr - ₹6 L/yr
Senior Officer Salary
(48 salaries)
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₹2.15 L/yr - ₹4.05 L/yr

Salary related reviews for Cholamandalam MS General Insurance

4.4

Rated by 12 employees for salary & benefits

Claims Department

5.0
  •  posted on 13 Apr 2022

5.0
 for  Salary and Benefits

Likes

...nd support from management and reporting boss with a good team work environment. Company policies are good and gives good salary in time.

read more
  • Salary - Excellent
  • +5 more

Dislikes

During the period of my job not getting any appraisal, due to harassment I quite my job.

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

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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

BFSI, Investments & Trading Department

5.0
  •  posted on 23 Apr 2021

5.0
 for  Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent.Company policies are good, appraisals are ok and they give salary hike and bonus every year.

read more
  • Salary - Excellent
  • +4 more

Dislikes

Career growth is taking more time..they identify the good employees and they trying to help their growth bt it's not approved by management

read more

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
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Cholamandalam MS General Insurance Assistant Manager Salary FAQs

What is the salary of Assistant Manager at Cholamandalam MS General Insurance ?
The average salary of a Assistant Manager at Cholamandalam MS General Insurance in India typically ranges from ₹2.2 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Assistant Manager at Cholamandalam MS General Insurance earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Assistant 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 50+ Cholamandalam MS General Insurance employees in India.
What is the estimated take home salary of a Assistant Manager at Cholamandalam MS General Insurance in India?
The estimated take-home salary of a Assistant Manager at Cholamandalam MS General Insurance in India typically ranges from ₹33,653 to ₹34,912 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 1 year to 6 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 50+ 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 Manager in India?
Chubb ₹13.2 Lakhs to ₹27.9 Lakhs per year
MetLife ₹8.0 Lakhs to ₹30.0 Lakhs per year
Principal Global Services ₹13.0 Lakhs to ₹21.0 Lakhs per year
Axa XL ₹7.0 Lakhs to ₹19.0 Lakhs per year
Royal Sundaram General Insurance ₹5.2 Lakhs to ₹17.0 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 Manager in companies similar to Cholamandalam MS General Insurance in India?
The salary of a Assistant 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:

Gallagher ₹6.5 Lakhs to ₹18.6 Lakhs per year
Allianz Services ₹6.6 Lakhs to ₹12.0 Lakhs per year
Ageas Federal Life Insurance ₹3.8 Lakhs to ₹15.3 Lakhs per year
Allianz Partners ₹5.3 Lakhs to ₹12.1 Lakhs per year
Bajaj Allianz Life Insurance ₹4.0 Lakhs to ₹13.6 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 Manager at Cholamandalam MS General Insurance in India?
The salary growth for a Assistant Manager at Cholamandalam MS General Insurance depends on factors such as experience, performance, and promotions. On average, a Assistant Manager can expect the following growth trajectory at Cholamandalam MS General Insurance:

Experience Average Salary Range
1 year ₹3.0 Lakhs to ₹7.0 Lakhs per year
2 years ₹2.5 Lakhs to ₹8.0 Lakhs per year
3 years ₹2.2 Lakhs to ₹7.0 Lakhs per year
4 years ₹3.0 Lakhs to ₹7.5 Lakhs per year
and so on.

Tell us how to improve this page.

Cholamandalam MS General Insurance Assistant Manager salary in India ranges between ₹2.2 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 50 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.