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

0 - 5 years exp.

₹2 Lakhs - ₹3.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

82% less than the average Associate Manager Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Associate Manager Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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Finance & Accounting Associate Manager Salary Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 31 Mar 2025

Companies similar to Cholamandalam MS General Insurance for Associate Manager

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Associate Manager Salary 1 - 8 years exp. (153 salaries)	₹2.3 L/yr - ₹6 L/yr 42% more
Bharti AXA Life Insurance Associate Manager Salary 1 - 13 years exp. (125 salaries)	₹4.5 L/yr - ₹15 L/yr 202% more
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Principal Global Services Associate Manager Salary 11 - 17 years exp. (34 salaries)	₹12.3 L/yr - ₹23.5 L/yr 617% more
Aditya Birla Health Insurance Co Associate Manager Salary 0 - 8 years exp. (11 salaries)	₹3 L/yr - ₹5.8 L/yr 55% more
Bajaj Allianz Life Insurance Associate Manager Salary 0 - 13 years exp. (10 salaries)	₹5.1 L/yr - ₹10 L/yr 185% more
MetLife Associate Manager Salary 8 - 11 years exp. (8 salaries)	₹13 L/yr - ₹34 L/yr 945% more
Star Union Dai-ichi Life Insurance Associate Manager Salary 3 - 10 years exp. (7 salaries)	₹2.1 L/yr - ₹4 L/yr 26% more
ManipalCigna Health Insurance Associate Manager Salary 2 - 6 years exp. (7 salaries)	₹2.3 L/yr - ₹3.5 L/yr 4% more
Swiss Re Associate Manager Salary 5 - 8 years exp. (5 salaries)	₹15.4 L/yr - ₹20 L/yr 546% more
Gallagher Associate Manager Salary 11 - 12 years exp. (4 salaries)	₹16 L/yr - ₹22 L/yr 555% more
SBI General Insurance Associate Manager Salary 4 - 15 years exp. (4 salaries)	₹4.5 L/yr - ₹6.6 L/yr 107% more
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Future Generali India Life Insurance Associate Manager Salary 1 - 14 years exp. (4 salaries)	₹3 L/yr - ₹6.8 L/yr 92% more
Pramerica Life Insurance Associate Manager Salary 2 - 5 years exp. (4 salaries)	₹2.2 L/yr - ₹2.6 L/yr 7% less
Medi Assist India Associate Manager Salary 6 - 15 years exp. (4 salaries)	₹4.6 L/yr - ₹23 L/yr 254% more
Edelweiss Life Insurance Associate Manager Salary 1 - 7 years exp. (5 salaries)	₹13 L/yr - ₹18 L/yr 491% more
Axa XL Associate Manager Salary 8 - 16 years exp. (3 salaries)	₹11 L/yr - ₹13.1 L/yr 349% more	3 job openings

Associate Manager salary at Cholamandalam MS General Insurance ranges between ₹2 Lakhs to ₹3.4 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Associate Manager salaries

Last Updated: 31 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
2 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
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5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Project Manager Salary

(7 salaries)

₹17.8 L/yr - ₹34.8 L/yr

Technical Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Project Lead Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Software Engineer Salary

(7 salaries)

₹7.62 L/yr - ₹25 L/yr

Test Lead Salary

(AmbitionBox Estimate)

₹6.9 L/yr - ₹8.9 L/yr

Technical Lead Salary

(3 salaries)

₹16.4 L/yr - ₹17.2 L/yr

Team Lead Salary

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₹2.8 L/yr - ₹9.5 L/yr

Senior Associate Salary

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₹1.2 L/yr - ₹4.93 L/yr

Technical Specialist Salary

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₹0.5 L/yr - ₹0.7 L/yr

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₹7 L/yr - ₹13 L/yr

Salary related reviews for Cholamandalam MS General Insurance

1.0

Rated by 1 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

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

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.

General Insurance in Cuttack

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 20 Jan 2025

1.0

for Salary and Benefits

Likes

Zero like ...

Dislikes

Chola is fraud company. Senior behaviour is like shit. Industry low salary package. Salary not delivered in right time. Company fraud with both customer and employees.. Manager and TL both are drink beer in office. Manager steal petty cash and deposit many fake bills...

Salary - Bad

+6 more

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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 Associate Manager Salary FAQs

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

The average salary of a Associate Manager at Cholamandalam MS General Insurance in India typically ranges from ₹2.0 Lakhs to ₹3.4 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Associate Manager at Cholamandalam MS General Insurance earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.4 Lakhs per year. Associate 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 4 Cholamandalam MS General Insurance employees in India.

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

The estimated take-home salary of a Associate Manager at Cholamandalam MS General Insurance in India typically ranges from ₹19,591 to ₹21,260 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.4 Lakhs per year for employees with experience ranging from Fresher 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 4 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 Associate Manager in India?

MetLife	₹13.0 Lakhs to ₹34.0 Lakhs per year
Principal Global Services	₹12.3 Lakhs to ₹23.5 Lakhs per year
Gallagher	₹16.0 Lakhs to ₹22.0 Lakhs per year
Swiss Re	₹15.4 Lakhs to ₹20.0 Lakhs per year
Edelweiss Life Insurance	₹13.0 Lakhs to ₹18.0 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 Associate Manager in companies similar to Cholamandalam MS General Insurance in India?

The salary of a Associate 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:

Axa XL	₹11.0 Lakhs to ₹13.1 Lakhs per year
Medi Assist India	₹4.6 Lakhs to ₹23.0 Lakhs per year
Bharti AXA Life Insurance	₹4.5 Lakhs to ₹15.0 Lakhs per year
Bajaj Allianz Life Insurance	₹5.1 Lakhs to ₹10.0 Lakhs per year
SBI General Insurance	₹4.5 Lakhs to ₹6.6 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 Associate Manager at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹1.8 Lakhs to ₹2.3 Lakhs per year
2 years	₹2.4 Lakhs to ₹3.0 Lakhs per year
5 years	₹2.9 Lakhs to ₹3.7 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Associate Manager Salaries

Cholamandalam MS General Insurance Associate Manager salary in India ranges between ₹2 Lakhs to ₹3.4 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.