Cholamandalam MS General Insurance Bancassurance Manager Salaries by 8 Employees (Updated 2024)

0 - 2 years exp.

₹2.7 Lakhs - ₹3.8 Lakhs

Low Confidence

Salary of majority employees

33% less than the average Bancassurance Manager Salary in Insurance Companies for 0 - 2 years of experience

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Salaries in different departments

Sales & Business Development Bancassurance Manager Salary 0 - 2 years exp. (4 salaries)	₹2.7 L/yr - ₹3.8 L/yr
Customer Success, Service & Operations Bancassurance Manager Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.7 L/yr
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Marketing & Communication Bancassurance Manager Salary Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.7 L/yr

Last Updated: 20 Aug 2024

Companies similar to Cholamandalam MS General Insurance for Bancassurance Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Bancassurance Manager Salary 2 - 11 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 36% more
HDFC Ergo General Insurance Bancassurance Manager Salary 8 - 16 years exp. (15 salaries)	₹5 L/yr - ₹9.5 L/yr 108% more
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Bajaj Allianz General Insurance Bancassurance Manager Salary 0 - 8 years exp. (6 salaries)	₹3.2 L/yr - ₹5.3 L/yr 3% more
Reliance General Insurance Bancassurance Manager Salary 1 - 9 years exp. (5 salaries)	₹3 L/yr - ₹8.4 L/yr 40% more
Tata AIG Bancassurance Manager Salary 3 - 9 years exp. (7 salaries)	₹4.1 L/yr - ₹6.4 L/yr 36% more
SBI General Insurance Bancassurance Manager Salary 5 - 15 years exp. (7 salaries)	₹3.2 L/yr - ₹7.3 L/yr 25% more
Future Generali India Life Insurance Bancassurance Manager Salary 11 - 12 years exp. (4 salaries)	₹6.3 L/yr - ₹12.9 L/yr 164% more
Max Life Insurance Bancassurance Manager Salary 2 - 10 years exp. (23 salaries)	₹2.7 L/yr - ₹7 L/yr 19% more
Star Union Dai-ichi Life Insurance Bancassurance Manager Salary 0 - 7 years exp. (7 salaries)	₹2.5 L/yr - ₹4.5 L/yr 2% more
Ageas Federal Life Insurance Bancassurance Manager Salary 2 - 8 years exp. (6 salaries)	₹4 L/yr - ₹4.8 L/yr 23% more
Aditya Birla Health Insurance Co Bancassurance Manager Salary 1 - 7 years exp. (6 salaries)	₹3.3 L/yr - ₹4.5 L/yr 1% more
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ManipalCigna Health Insurance Bancassurance Manager Salary 5 - 11 years exp. (4 salaries)	₹3.5 L/yr - ₹6.4 L/yr 27% more
Edelweiss Tokio Life Insurance Bancassurance Manager Salary 1 - 7 years exp. (3 salaries)	₹2.8 L/yr - ₹8 L/yr 30% more

Bancassurance Manager salary at Cholamandalam MS General Insurance ranges between ₹2.7 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 2 years. Salary estimates are based on 8 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Bancassurance Manager salaries

Last Updated: 20 Aug 2024

Experience	Avg Annual Salary
Fresher (3 salaries)	₹3.5 L/yr - ₹6.4 L/yr
1 year (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.8 L/yr
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2 years (3 salaries)	₹2.7 L/yr - ₹3.8 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Financial Sales Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Cluster Manager Salary

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₹6.5 L/yr - ₹10 L/yr

Sales Manager Salary

(192 salaries)

₹2 L/yr - ₹6 L/yr

Area Manager Salary

(116 salaries)

₹4.5 L/yr - ₹13.5 L/yr

Associate Sales Manager Salary

(AmbitionBox Estimate)

₹3.8 L/yr - ₹4.8 L/yr

Deputy Sales Manager Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Relationship Manager Salary

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₹2.1 L/yr - ₹5.6 L/yr

Deputy Manager Salary

(48 salaries)

₹4 L/yr - ₹11.2 L/yr

Assistant Sales Manager Salary

(7 salaries)

₹3 L/yr - ₹4.35 L/yr

Senior Relationship Manager Salary

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₹3 L/yr - ₹4.75 L/yr

Salary related reviews for Cholamandalam MS General Insurance

4.9

Rated by 3 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

Deputy Manager in Chennai

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.

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.

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.

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.

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.

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Cholamandalam MS General Insurance Bancassurance Manager Salary FAQs

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

Bancassurance Manager salary at Cholamandalam MS General Insurance in India ranges between ₹2.7 Lakhs to ₹3.8 Lakhs for less than 1 year of experience to 2 years. According to our estimates it is 33% less than the average Bancassurance Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Cholamandalam MS General Insurance India.

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

The average salary of a Bancassurance Manager at Cholamandalam MS General Insurance is 33% less than the average salary of a Bancassurance Manager in India. To know exact salary insights, login to view.

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

Future Generali India Life Insurance Bancassurance Manager Salary - ₹6.3 Lakhs to ₹12.9 Lakhs per year
HDFC Ergo General Insurance Bancassurance Manager Salary - ₹5.0 Lakhs to ₹9.5 Lakhs per year
Reliance General Insurance Bancassurance Manager Salary - ₹3.0 Lakhs to ₹8.4 Lakhs per year
Tata AIG Bancassurance Manager Salary - ₹4.1 Lakhs to ₹6.4 Lakhs per year
ICICI Lombard General Insurance Company Bancassurance Manager Salary - ₹4.5 Lakhs to ₹5.3 Lakhs per year

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

Edelweiss Tokio Life Insurance Bancassurance Manager Salary - ₹2.8 Lakhs to ₹8.0 Lakhs per year
ManipalCigna Health Insurance Bancassurance Manager Salary - ₹3.5 Lakhs to ₹6.4 Lakhs per year
SBI General Insurance Bancassurance Manager Salary - ₹3.2 Lakhs to ₹7.3 Lakhs per year
Ageas Federal Life Insurance Bancassurance Manager Salary - ₹4.0 Lakhs to ₹4.8 Lakhs per year
Max Life Insurance Bancassurance Manager Salary - ₹2.7 Lakhs to ₹7.0 Lakhs per year

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

The estimated take-home salary of a Bancassurance Manager at Cholamandalam MS General Insurance ranges between ₹26,659 per month to ₹28,073 per month in India. The take-home salary calculation is based on the average Cholamandalam MS General Insurance Bancassurance Manager salary in India which ranges between ₹2.7 Lakhs to ₹3.8 Lakhs per year for employees with less than 1 year of experience to 2 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 88% of the Cholamandalam MS General Insurance Bancassurance Managers reported a notice period of 2 Months, 12% reported a notice period of 1 Month.This is based on 8 responses on AmbitionBox in last 2 years.

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Cholamandalam MS General Insurance Bancassurance Manager Salaries

Cholamandalam MS General Insurance Bancassurance Manager salary in India ranges between ₹2.7 Lakhs to ₹3.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Bancassurance Manager salaries in India

Companies similar to Cholamandalam MS General Insurance for Bancassurance Manager

Latest annual salaries shared by Cholamandalam MS General Insurance Bancassurance Manager

Experience wise Cholamandalam MS General Insurance Bancassurance Manager salaries

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Sales Manager in New Delhi

Deputy Manager in Chennai

Agency Manager in Ahmednagar

Area Head in Pune

Area Head in Pune

Cholamandalam MS General Insurance Bancassurance Manager Salary FAQs

Tell us how to improve this page.

Cholamandalam MS General Insurance Bancassurance Manager Salaries by Location