Cholamandalam MS General Insurance Business Manager Salaries by 10+ Employees (Updated 2025)

3 - 14 years exp.

₹4 Lakhs - ₹6.5 Lakhs

Salary of majority employees

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50% less than the average Business Manager Salary in Insurance Companies for 3 - 14 years of experience

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Salaries in different departments

Sales & Business Development Business Manager Salary 3 - 14 years exp. (9 salaries)	Unlock ₹4 L/yr - ₹6.5 L/yr
BFSI, Investments & Trading Business Manager Salary 4 - 9 years exp. (3 salaries)	Unlock ₹5.1 L/yr - ₹5.7 L/yr
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Marketing & Communication Business Manager Salary 5 - 10 years exp. (3 salaries)	Unlock ₹6 L/yr - ₹6.3 L/yr

Last Updated: 8 Mar 2025

Companies similar to Cholamandalam MS General Insurance for Business Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz General Insurance Business Manager Salary 4 - 11 years exp. (9 salaries)	Unlock ₹3.9 L/yr - ₹6.3 L/yr 16% less
Bharti AXA Life Insurance Business Manager Salary 1 - 12 years exp. (204 salaries)	Unlock ₹2.2 L/yr - ₹4 L/yr 46% less	1 job opening
Login to view exact salary
Reliance General Insurance Business Manager Salary 7 - 17 years exp. (133 salaries)	Unlock ₹4.5 L/yr - ₹12.3 L/yr 48% more
Edelweiss Life Insurance Business Manager Salary 0 - 16 years exp. (34 salaries)	Unlock ₹3 L/yr - ₹8.5 L/yr 7% less
IndiaFirst Life Insurance Business Manager Salary 3 - 13 years exp. (24 salaries)	Unlock ₹2.9 L/yr - ₹6.3 L/yr 17% less
ICICI Lombard General Insurance Company Business Manager Salary 3 - 14 years exp. (10 salaries)	Unlock ₹2.3 L/yr - ₹10 L/yr 9% less
Future Generali India Life Insurance Business Manager Salary 1 - 16 years exp. (7 salaries)	Unlock ₹3.8 L/yr - ₹6.5 L/yr 5% less
SBI General Insurance Business Manager Salary 6 - 14 years exp. (5 salaries)	Unlock ₹4 L/yr - ₹15.1 L/yr 57% more
Life Insurance Corporation of India Business Manager Salary 0 - 5 years exp. (5 salaries)	Unlock ₹1 L/yr - ₹5.8 L/yr 54% less
ManipalCigna Health Insurance Business Manager Salary 4 - 7 years exp. (5 salaries)	Unlock ₹3 L/yr - ₹3.9 L/yr 41% less
Axis Max Life Insurance Business Manager Salary 4 - 10 years exp. (4 salaries)	Unlock ₹3.1 L/yr - ₹6.4 L/yr 21% less
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Bajaj Allianz Life Insurance Business Manager Salary 7 - 13 years exp. (6 salaries)	Unlock ₹4.5 L/yr - ₹6 L/yr 19% less
Shriram General Insurance Business Manager Salary 6 - 18 years exp. (4 salaries)	Unlock ₹3.5 L/yr - ₹9.4 L/yr 11% less
Star Union Dai-ichi Life Insurance Business Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	Unlock ₹4.1 L/yr - ₹5.2 L/yr 17% less
HDFC Ergo General Insurance Business Manager Salary 1 - 5 years exp. (3 salaries)	Unlock ₹3.9 L/yr - ₹15 L/yr 73% more

Business Manager salary at Cholamandalam MS General Insurance ranges between ₹4 Lakhs to ₹6.5 Lakhs per year for employees with experience between 3 years to 14 years. Salary estimates are based on 15 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance Business Manager

3d ago

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8 years exp.

3d ago

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14 years exp.

6d ago

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9 years exp.

3mo ago

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8 years exp.

4mo ago

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13 years exp.

4mo ago

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8 years exp.

5mo ago

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5 years exp.

6mo ago

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10 years exp.

8mo ago

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7 years exp.

9mo ago

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4 years exp.

Experience wise Cholamandalam MS General Insurance Business Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹9.9 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹5.1 L/yr - ₹10 L/yr
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5 years (AmbitionBox Estimate)	Unlock ₹5.1 L/yr - ₹6 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.2 L/yr - ₹6 L/yr
7 years (AmbitionBox Estimate)	Unlock ₹4 L/yr - ₹6.5 L/yr
8 years (3 salaries)	Unlock ₹4 L/yr - ₹6.5 L/yr
9 years (AmbitionBox Estimate)	Unlock ₹5.3 L/yr - ₹10.1 L/yr
10 years (AmbitionBox Estimate)	Unlock ₹2.2 L/yr - ₹6 L/yr
11 years (AmbitionBox Estimate)	Unlock ₹4.1 L/yr - ₹10.1 L/yr
12 years (AmbitionBox Estimate)	Unlock ₹5.1 L/yr - ₹6.5 L/yr
13 years (AmbitionBox Estimate)	Unlock ₹5.6 L/yr - ₹10.2 L/yr
14 years (AmbitionBox Estimate)	Unlock ₹5.6 L/yr - ₹10.2 L/yr

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Similar Designation salaries in Cholamandalam MS General Insurance

Area Business Manager Salary

(AmbitionBox Estimate)

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₹11.4 L/yr - ₹14.6 L/yr

Branch Manager Salary

(205 salaries)

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₹2.92 L/yr - ₹8.82 L/yr

Sales Manager Salary

(204 salaries)

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₹2 L/yr - ₹6.5 L/yr

Regional Manager Salary

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₹12.7 L/yr - ₹24 L/yr

Store Manager Salary

(AmbitionBox Estimate)

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₹24.3 L/yr - ₹31.1 L/yr

Area Manager Salary

(111 salaries)

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₹5.25 L/yr - ₹16.54 L/yr

Deputy Manager Salary

(46 salaries)

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₹4 L/yr - ₹11.2 L/yr

Territory Manager Salary

(35 salaries)

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₹5 L/yr - ₹11 L/yr

Area Sales Manager Salary

(39 salaries)

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₹5.11 L/yr - ₹13.6 L/yr

Marketing Manager Salary

(AmbitionBox Estimate)

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₹6.8 L/yr - ₹8.6 L/yr

Salary related reviews for Cholamandalam MS General Insurance

4.5

Rated by 8 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

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

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

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

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Cholamandalam MS General Insurance Business Manager Salary FAQs

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

Business Manager salary at Cholamandalam MS General Insurance in India ranges between ₹4.0 Lakhs to ₹6.5 Lakhs for experience between 3 years to 14 years. According to our estimates it is 50% less than the average Business Manager Salary in India. Salary estimates are based on 15 latest salaries received from various employees of Cholamandalam MS General Insurance India.

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

The average salary of a Business Manager at Cholamandalam MS General Insurance is 50% less than the average salary of a Business Manager in India. To know exact salary insights, login to view.

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

HDFC Ergo General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance Business Manager Salary - ₹4.0 Lakhs to ₹15.1 Lakhs per year
Reliance General Insurance Business Manager Salary - ₹4.5 Lakhs to ₹12.3 Lakhs per year

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

Future Generali India Life Insurance Business Manager Salary - ₹3.8 Lakhs to ₹6.5 Lakhs per year
Edelweiss Life Insurance Business Manager Salary - ₹3.0 Lakhs to ₹8.5 Lakhs per year
ICICI Lombard General Insurance Company Business Manager Salary - ₹2.3 Lakhs to ₹10.0 Lakhs per year
Shriram General Insurance Business Manager Salary - ₹3.5 Lakhs to ₹9.4 Lakhs per year
Bajaj Allianz General Insurance Business Manager Salary - ₹3.9 Lakhs to ₹6.3 Lakhs per year

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

The estimated take-home salary of a Business Manager at Cholamandalam MS General Insurance ranges between ₹42,178 per month to ₹43,311 per month in India. The take-home salary calculation is based on the average Cholamandalam MS General Insurance Business Manager salary in India which ranges between ₹4.0 Lakhs to ₹6.5 Lakhs per year for employees with experience between 3 years to 14 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 48% of the Cholamandalam MS General Insurance Business Managers reported a notice period of 1 Month, 23% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 31 responses on AmbitionBox in last 2 years.

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Cholamandalam MS General Insurance Business Manager Salaries

Cholamandalam MS General Insurance Business Manager salary in India ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Business Manager salaries in India (Updated 2025)

Companies similar to Cholamandalam MS General Insurance for Business Manager

Latest annual salaries shared by Cholamandalam MS General Insurance Business Manager

Experience wise Cholamandalam MS General Insurance Business 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

Territory Manager in Khammam

Agency Manager in Ahmednagar

Cholamandalam MS General Insurance Business Manager Salary FAQs

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Cholamandalam MS General Insurance Business Manager Salaries by Location