Cholamandalam MS General Insurance Branch Development Manager Salaries by 3 Employees (Updated 2025)

3 - 6 years exp.

₹3 Lakhs - ₹3.8 Lakhs

Low Confidence

Salary of majority employees

36% less than the average Branch Development Manager Salary in Insurance Companies for 3 - 6 years of experience

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Salaries in different departments

Sales & Business Development Branch Development Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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BFSI, Investments & Trading Branch Development Manager Salary 6 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.2 L/yr

Last Updated: 21 Sep 2024

Companies similar to Cholamandalam MS General Insurance for Branch Development Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz General Insurance Branch Development Manager Salary 5 - 11 years exp. (4 salaries)	₹5.2 L/yr - ₹6.5 L/yr 78% more
SBI General Insurance Branch Development Manager Salary 3 - 8 years exp. (27 salaries)	₹2.5 L/yr - ₹4.5 L/yr 6% more
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IndiaFirst Life Insurance Branch Development Manager Salary 1 - 8 years exp. (47 salaries)	₹2 L/yr - ₹4.9 L/yr 5% more
Max Life Insurance Branch Development Manager Salary 4 - 8 years exp. (5 salaries)	₹5.2 L/yr - ₹7 L/yr 86% more
Aditya Birla Health Insurance Co Branch Development Manager Salary 3 - 6 years exp. (5 salaries)	₹3.9 L/yr - ₹4.5 L/yr 28% more
Bajaj Allianz Life Insurance Branch Development Manager Salary 1 - 16 years exp. (5 salaries)	₹4.5 L/yr - ₹6 L/yr 60% more
Edelweiss Life Insurance Branch Development Manager Salary 5 - 10 years exp. (5 salaries)	₹2.5 L/yr - ₹4.4 L/yr 7% more

Branch Development Manager salary at Cholamandalam MS General Insurance ranges between ₹3 Lakhs to ₹3.8 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Branch Development Manager salaries

Last Updated: 21 Sep 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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6 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Business Development Manager Salary

(63 salaries)

₹2.83 L/yr - ₹13.5 L/yr

Branch Manager Salary

(209 salaries)

₹2.92 L/yr - ₹8.82 L/yr

Senior Business Development Manager Salary

(5 salaries)

₹5.35 L/yr - ₹12.4 L/yr

Area Sales Manager Salary

(39 salaries)

₹5.11 L/yr - ₹13.6 L/yr

Business Development Associate Salary

(3 salaries)

₹4 L/yr - ₹7.2 L/yr

Senior Sales Manager Salary

(13 salaries)

₹3.5 L/yr - ₹5.6 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Area Business Manager Salary

(AmbitionBox Estimate)

₹11.4 L/yr - ₹14.6 L/yr

Deputy Manager Salary

(46 salaries)

₹4 L/yr - ₹11.2 L/yr

Business Development Executive Salary

(3 salaries)

₹2 L/yr - ₹3.5 L/yr

Salary related reviews for Cholamandalam MS General Insurance

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

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

Business Development Associate in Mumbai Suburban

BFSI, Investments & Trading Department

3.0

• posted on 03 May 2021

3.0

for Salary and Benefits

Likes

Working environment is okay. Company policies are good, salaries are always paid on time. HR is supportive.

Skill development - Good

+1 more

Dislikes

...ised for simple approval it takes whole day so chances of delay in work is high. IT people are just working for their salary issues are not resolved on time.

Promotions - Poor

Territory Manager in Khammam

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.

Salary - Excellent

+6 more

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Cholamandalam MS General Insurance Branch Development Manager Salary FAQs

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

According to AmbitionBox, 100% of the Cholamandalam MS General Insurance Branch Development Managers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Cholamandalam MS General Insurance Branch Development Manager Salaries

Cholamandalam MS General Insurance Branch Development Manager salary in India ranges between ₹3 Lakhs to ₹3.8 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 Branch Development Manager salaries in India

Companies similar to Cholamandalam MS General Insurance for Branch Development Manager

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

Experience wise Cholamandalam MS General Insurance Branch Development Manager salaries

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Area Manager in Bikaner

Sales Manager in New Delhi

Deputy Manager in Chennai

Business Development Associate in Mumbai Suburban

Territory Manager in Khammam

Cholamandalam MS General Insurance Branch Development Manager Salary FAQs

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Cholamandalam MS General Insurance Branch Development Manager Salaries by Location