Cholamandalam MS General Insurance Claims Officer Salaries by 10+ Employees

0 - 4 years exp.

₹1.6 Lakh - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

19% less than the average Claims Officer Salary in Insurance Companies for 0 - 4 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Claims Officer Salary 1 - 2 years exp. (3 salaries)	₹2.3 L/yr - ₹3.4 L/yr
BFSI, Investments & Trading Claims Officer Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹4 L/yr
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Food, Beverage & Hospitality Claims Officer Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹4 L/yr
Finance & Accounting Claims Officer Salary 2 years exp. (AmbitionBox Estimate)	₹1.9 L/yr - ₹3 L/yr

Last Updated: 15 Mar 2023

Companies similar to Cholamandalam MS General Insurance for Claims Officer

Company name	Avg Annual Salary	Open Jobs
Shriram General Insurance Claims Officer Salary 0 - 6 years exp. (41 salaries)	₹1.6 L/yr - ₹4.2 L/yr 6% more
Royal Sundaram General Insurance Claims Officer Salary 1 - 6 years exp. (25 salaries)	₹2.7 L/yr - ₹3.8 L/yr 19% more
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Magma HDI General Insurance Claims Officer Salary 7 - 10 years exp. (5 salaries)	₹3.4 L/yr - ₹4.5 L/yr 60% more
Medi Assist India Claims Officer Salary 0 - 3 years exp. (5 salaries)	₹3 L/yr - ₹3.3 L/yr 24% more
Allianz Services Claims Officer Salary 5 - 7 years exp. (5 salaries)	₹3.4 L/yr - ₹4.6 L/yr 45% more
Allianz Claims Officer Salary 4 - 7 years exp. (3 salaries)	₹3 L/yr - ₹5.4 L/yr 59% more

Claims Officer salary at Cholamandalam MS General Insurance ranges between ₹1.6 Lakh to ₹4 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 11 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance Claims Officer

1y ago

₹4 Lakhs

4 years exp.

1y ago

₹2.3 Lakhs

1 year exp.

1y ago

₹3 Lakhs

2 years exp.

1y ago

₹4 Lakhs

3 years exp.

1y ago

₹2.5 Lakhs

2 years exp.

1y ago

2 years exp.

1y ago

1 year exp.

1y ago

2 years exp.

1y ago

8 months exp.

1y ago

2 years exp.

Experience wise Cholamandalam MS General Insurance Claims Officer salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹3.8 L/yr
1 year (3 salaries)	₹1.6 L/yr - ₹3.4 L/yr
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2 years (5 salaries)	₹2.2 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹4 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Claims Executive Salary

(10 salaries)

₹2 L/yr - ₹3.65 L/yr

Claim Processor Salary

(5 salaries)

₹2.2 L/yr - ₹4.22 L/yr

Claims Associate Salary

(3 salaries)

₹2.8 L/yr - ₹4.1 L/yr

Claims Specialist Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Team Lead Salary

(36 salaries)

₹2.8 L/yr - ₹9.5 L/yr

Deputy Manager Salary

(66 salaries)

₹4 L/yr - ₹11.25 L/yr

Quality Analyst Salary

(7 salaries)

₹2.25 L/yr - ₹5.25 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Bodyshop Advisor Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Senior Associate Salary

(6 salaries)

₹1.2 L/yr - ₹4.93 L/yr

Salary related reviews for Cholamandalam MS General Insurance

3.6

Rated by 5 employees for salary & benefits

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

Back Office Executive in New Delhi

BFSI, Investments & Trading Department

2.0

• posted on 11 Oct 2018

1.0

for Salary and Benefits

Likes

My colleagues only

Company culture - Good

Dislikes

...k office employee but after chaning profile as customer retaintion excutive i.e. sales profile back office, bcz of cost cutting doing all type of work from a single employee, pathetic experiance

Salary - Bad

+5 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

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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 Claims Officer Salary FAQs

What is the salary of Claims Officer at Cholamandalam MS General Insurance ?

The average salary of a Claims Officer at Cholamandalam MS General Insurance in India typically ranges from ₹1.6 Lakhs to ₹4.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Claims Officer at Cholamandalam MS General Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Claims Officer 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 Claims Officer at Cholamandalam MS General Insurance in India?

The estimated take-home salary of a Claims Officer at Cholamandalam MS General Insurance in India typically ranges from ₹18,822 to ₹20,503 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 Claims Officer in India?

Magma HDI General Insurance	₹3.4 Lakhs to ₹4.5 Lakhs per year
Allianz	₹3.0 Lakhs to ₹5.4 Lakhs per year
Allianz Services	₹3.4 Lakhs to ₹4.6 Lakhs per year
Medi Assist India	₹3.0 Lakhs to ₹3.3 Lakhs per year
Royal Sundaram General Insurance	₹2.7 Lakhs to ₹3.8 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 Claims Officer in companies similar to Cholamandalam MS General Insurance in India?

The salary of a Claims Officer 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:

Shriram General Insurance

₹1.6 Lakhs to ₹4.2 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 Claims Officer at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹3.8 Lakhs per year
1 year	₹1.6 Lakhs to ₹3.4 Lakhs per year
2 years	₹2.2 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.2 Lakhs to ₹4.0 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Claims Officer Salaries

Cholamandalam MS General Insurance Claims Officer salary in India ranges between ₹1.6 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.