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Cholamandalam MS General Insurance

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3.8

based on 2k Reviews

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

Annual salary range
3 - 15 years exp.
₹4 Lakhs - ₹6.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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51% less than the average Business Manager Salary in Insurance Companies for 3 - 15 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Business Manager Salary
3 - 14 years exp. (9 salaries)
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₹4 L/yr - ₹6.5 L/yr

BFSI, Investments & Trading
Business Manager Salary
4 - 15 years exp. (5 salaries)
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₹5.1 L/yr - ₹6 L/yr

Marketing & Communication
Business Manager Salary
5 - 10 years exp. (3 salaries)
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₹6 L/yr - ₹6.3 L/yr

Last Updated: 20 Mar 2025

Companies similar to Cholamandalam MS General Insurance for Business Manager

Company name Avg Annual Salary Open Jobs
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Bharti AXA Life Insurance Business Manager Salary

1 - 12 years exp. (204 salaries)
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₹2.2 L/yr - ₹5 L/yr

arrow icon 46% less
 1 job opening
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Edelweiss Life Insurance Business Manager Salary

0 - 16 years exp. (34 salaries)
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₹3 L/yr - ₹8.5 L/yr

arrow icon 6% less
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IndiaFirst Life Insurance Business Manager Salary

3 - 13 years exp. (23 salaries)
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₹3 L/yr - ₹6.3 L/yr

arrow icon 16% less
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Future Generali India Life Insurance Business Manager Salary

1 - 16 years exp. (7 salaries)
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₹3.8 L/yr - ₹6.5 L/yr

arrow icon 5% less
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Bajaj Allianz Life Insurance Business Manager Salary

3 - 10 years exp. (4 salaries)
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₹4.5 L/yr - ₹5.2 L/yr

arrow icon 18% less
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Axis Max Life Insurance Business Manager Salary

5 - 12 years exp. (5 salaries)
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₹3.1 L/yr - ₹9.5 L/yr

arrow icon 3% less
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SBI General Insurance Business Manager Salary

6 - 14 years exp. (5 salaries)
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₹4 L/yr - ₹15.1 L/yr

arrow icon 57% more
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Life Insurance Corporation of India Business Manager Salary

0 - 5 years exp. (5 salaries)
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₹1 L/yr - ₹5.8 L/yr

arrow icon 54% less
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ManipalCigna Health Insurance Business Manager Salary

4 - 8 years exp. (5 salaries)
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₹3 L/yr - ₹3.9 L/yr

arrow icon 41% less
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Shriram General Insurance Business Manager Salary

6 - 18 years exp. (4 salaries)
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₹3.5 L/yr - ₹9.4 L/yr

arrow icon 10% less
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 15 years. Salary estimates are based on 17 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance Business Manager

1w ago
₹5.3 Lakhs
9 years exp.
2w ago
₹6.5 Lakhs
8 years exp.
3w ago
₹4 Lakhs
8 years exp.
3w ago
₹5.6 Lakhs
14 years exp.
4mo ago
₹5 Lakhs
8 years exp.
4mo ago
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13 years exp.
6mo ago
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5 years exp.
7mo ago
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10 years exp.
8mo ago
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15 years exp.
9mo ago
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7 years exp.

Experience wise Cholamandalam MS General Insurance Business Manager salaries

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.4 L/yr
4 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.4 L/yr
5 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.4 L/yr
6 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.4 L/yr
7 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6.4 L/yr
View all

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
(237 salaries)
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₹2.92 L/yr - ₹8.82 L/yr
Sales Manager Salary
(204 salaries)
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₹1.7 L/yr - ₹6 L/yr
Regional Manager Salary
(24 salaries)
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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
(118 salaries)
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₹4.5 L/yr - ₹16.47 L/yr
Deputy Manager Salary
(66 salaries)
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₹4 L/yr - ₹11.25 L/yr
Territory Manager Salary
(48 salaries)
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₹4.6 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

4.2

Rated by 9 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.

read more

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

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more
  • 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.

read more

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.

read more
  • Salary - Poor
    • +3 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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·
works at
Georgia-Pacific
New offer. Confused.
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 Business Manager Salary FAQs

What is the salary of Business Manager at Cholamandalam MS General Insurance ?
The average salary of a Business Manager at Cholamandalam MS General Insurance in India typically ranges from ₹4.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 3 years to 15 years).

The top 10% of Business Manager at Cholamandalam MS General Insurance earn more than ₹6.4 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Business 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 10+ Cholamandalam MS General Insurance employees in India.
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 in India typically ranges from ₹42,005 to ₹43,141 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 3 years to 15 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 10+ 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 Business Manager in India?
SBI General Insurance ₹4.0 Lakhs to ₹15.1 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.
What is the salary of a Business Manager in companies similar to Cholamandalam MS General Insurance in India?
The salary of a Business Manager at companies similar to Cholamandalam MS General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Axis Max Life Insurance ₹3.1 Lakhs to ₹9.5 Lakhs per year
Future Generali India Life Insurance ₹3.8 Lakhs to ₹6.5 Lakhs per year
Edelweiss Life Insurance ₹3.0 Lakhs to ₹8.5 Lakhs per year
Shriram General Insurance ₹3.5 Lakhs to ₹9.4 Lakhs per year
IndiaFirst Life Insurance ₹3.0 Lakhs to ₹6.3 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Business Manager at Cholamandalam MS General Insurance in India?
The salary growth for a Business Manager at Cholamandalam MS General Insurance depends on factors such as experience, performance, and promotions. On average, a Business Manager can expect the following growth trajectory at Cholamandalam MS General Insurance:

Experience Average Salary Range
3 years ₹5.0 Lakhs to ₹6.4 Lakhs per year
4 years ₹5.0 Lakhs to ₹6.4 Lakhs per year
5 years ₹5.0 Lakhs to ₹6.4 Lakhs per year
6 years ₹5.0 Lakhs to ₹6.4 Lakhs per year
and so on.

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Cholamandalam MS General Insurance Business Manager Salaries by Location

Cholamandalam MS General Insurance Business Manager salary in India ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 17 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.