Cholamandalam MS General Insurance Banking Officer Salaries by 3 Employees

2 - 12 years exp.

₹4.5 Lakhs - ₹10 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

62% more than the average Banking Officer Salary in Insurance Companies for 2 - 12 years of experience

Interested in this particular role?

Last Updated: 28 Oct 2023

Companies similar to Cholamandalam MS General Insurance for Banking Officer

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Pramerica Life Insurance Banking Officer Salary 0 - 8 years exp. (6 salaries)	₹1.2 L/yr - ₹4.5 L/yr 58% less
SBI General Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹1.4 L/yr - ₹3.1 L/yr 63% less
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Bajaj Allianz Life Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹2.3 L/yr - ₹3.3 L/yr 54% less
Axis Max Life Insurance Banking Officer Salary 1 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.3 L/yr 51% less
Life Insurance Corporation of India Banking Officer Salary 0 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 38% less
Family Health Plan Banking Officer Salary 3 - 6 years exp. (3 salaries)	₹1.1 L/yr - ₹1.4 L/yr 81% less

Banking Officer salary at Cholamandalam MS General Insurance ranges between ₹4.5 Lakhs to ₹10 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 3 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Banking Officer salaries

Last Updated: 28 Oct 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
7 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
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12 years (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr

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₹11.7 L/yr - ₹15 L/yr

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Salary related reviews for Cholamandalam MS General Insurance

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.

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.

Skill development - Bad

+4 more

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.

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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 Banking Officer Salary FAQs

How the salary growth look like for a Banking Officer at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
2 years	₹4.4 Lakhs to ₹5.6 Lakhs per year
7 years	₹4.1 Lakhs to ₹5.2 Lakhs per year
12 years	₹9.0 Lakhs to ₹11.5 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Banking Officer Salaries

Cholamandalam MS General Insurance Banking Officer salary in India ranges between ₹4.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Banking Officer salaries in India

Companies similar to Cholamandalam MS General Insurance for Banking Officer

Latest annual salaries shared by Cholamandalam MS General Insurance Banking Officer

Experience wise Cholamandalam MS General Insurance Banking Officer salaries

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Deputy Manager in Chennai

Area Manager in Bikaner

Sales Manager in New Delhi

Agency Manager in Ahmednagar

Area Head in Pune

Cholamandalam MS General Insurance Banking Officer Salary FAQs

Tell us how to improve this page.