Cholamandalam MS General Insurance Pune Branch Manager Salaries by 9 Employees

4 - 9 years exp.

₹4.8 Lakhs - ₹7.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

46% less than the average Branch Manager Salary in Insurance Companies for 4 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Manager Salary 4 - 9 years exp. (7 salaries)	₹4.8 L/yr - ₹7.2 L/yr
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Sales & Business Development Branch Manager Salary 4 - 5 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.2 L/yr

Last Updated: 23 Jun 2024

Companies similar to Cholamandalam MS General Insurance for Branch Manager in Pune

Cholamandalam MS General Insurance Branch Manager Salary

4 - 9 years exp. (9 salaries)

₹4.8 L/yr - ₹7.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Branch Manager Salary 9 - 16 years exp. (9 salaries)	₹8.5 L/yr - ₹11 L/yr 85% more	1 job opening
Edelweiss Life Insurance Branch Manager Salary 9 - 14 years exp. (5 salaries)	₹5.7 L/yr - ₹7.8 L/yr 27% more
Login to view exact salary
ManipalCigna Health Insurance Branch Manager Salary 8 - 15 years exp. (4 salaries)	₹4.8 L/yr - ₹8.5 L/yr 26% more	1 job opening
Shriram General Insurance Branch Manager Salary 6 - 12 years exp. (4 salaries)	₹6.5 L/yr - ₹8 L/yr 37% more
Future Generali India Life Insurance Branch Manager Salary 15 - 19 years exp. (3 salaries)	₹9.4 L/yr - ₹15 L/yr 103% more	2 job openings

Branch Manager salary at Cholamandalam MS General Insurance ranges between ₹4.8 Lakhs to ₹7.2 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 9 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Branch Manager salaries in Pune

Last Updated: 23 Jun 2024

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.9 L/yr
5 years (4 salaries)	₹5 L/yr - ₹6.1 L/yr
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6 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
7 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
8 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
9 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr

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From

Branch Manager

3 - 10 years exp.

Area Manager

8 - 17 years exp.

From

View 1 more level

Branch Manager

3 - 10 years exp.

State Head

11 - 20 years exp.

From

View 1 more level

Branch Manager

3 - 10 years exp.

Cluster Manager

5 - 17 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Cholamandalam MS General Insurance

Area Manager Salary

(11 salaries)

₹8 L/yr - ₹16.92 L/yr

Sales Manager Salary

(6 salaries)

₹3.71 L/yr - ₹4.87 L/yr

Salary related reviews for Cholamandalam MS General Insurance

4.0

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

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.

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 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.

Skill development - Poor

+1 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 Branch Manager Salary FAQs

What is the salary of Branch Manager at Cholamandalam MS General Insurance in Pune?

The average salary of a Branch Manager at Cholamandalam MS General Insurance in Pune typically ranges from ₹4.8 Lakhs to ₹7.2 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of Branch Manager in Pune at Cholamandalam MS General Insurance earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.2 Lakhs per year. Branch 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 9 Cholamandalam MS General Insurance employees in India.

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

The estimated take-home salary of a Branch Manager at Cholamandalam MS General Insurance in Pune typically ranges from ₹41,740 to ₹42,879 per month. This is based on the average salary range of ₹4.8 Lakhs to ₹7.2 Lakhs per year for employees with experience ranging from 4 years to 9 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 9 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 Branch Manager in India?

Future Generali India Life Insurance	₹9.4 Lakhs to ₹15.0 Lakhs per year
Axis Max Life Insurance	₹8.5 Lakhs to ₹11.0 Lakhs per year
Shriram General Insurance	₹6.5 Lakhs to ₹8.0 Lakhs per year
Edelweiss Life Insurance	₹5.7 Lakhs to ₹7.8 Lakhs per year
ManipalCigna Health Insurance	₹4.8 Lakhs to ₹8.5 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.

How the salary growth look like for a Branch Manager at Cholamandalam MS General Insurance in Pune?

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

Experience	Average Salary Range
4 years	₹4.6 Lakhs to ₹5.9 Lakhs per year
5 years	₹5.0 Lakhs to ₹6.1 Lakhs per year
6 years	₹4.9 Lakhs to ₹6.3 Lakhs per year
7 years	₹5.0 Lakhs to ₹6.4 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Branch Manager Salaries in Pune

Cholamandalam MS General Insurance Branch Manager salary in Pune ranges between ₹4.8 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.