Cholamandalam MS General Insurance Cluster Manager Salaries by 10+ Employees (Updated 2024)

5 - 17 years exp.

₹6.5 Lakhs - ₹10 Lakhs

Salary of majority employees

At par with the average Cluster Manager Salary in Insurance Companies for 5 - 17 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Manager Salary 5 - 15 years exp. (10 salaries)	₹6.5 L/yr - ₹10 L/yr
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Sales & Business Development Cluster Manager Salary 12 - 17 years exp. (5 salaries)	₹8.7 L/yr - ₹9.8 L/yr

Last Updated: 8 May 2024

Companies similar to Cholamandalam MS General Insurance for Cluster Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Cluster Manager Salary 3 - 12 years exp. (14 salaries)	₹3.8 L/yr - ₹11.5 L/yr 6% less
HDFC Ergo General Insurance Cluster Manager Salary 6 - 16 years exp. (26 salaries)	₹4.5 L/yr - ₹13.5 L/yr 3% more
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Bajaj Allianz General Insurance Cluster Manager Salary 3 - 17 years exp. (38 salaries)	₹4.2 L/yr - ₹13.8 L/yr 4% more	1 job opening
Reliance General Insurance Cluster Manager Salary 7 - 18 years exp. (225 salaries)	₹6.5 L/yr - ₹16 L/yr 24% more	8 job openings
Tata AIG Cluster Manager Salary 1 - 16 years exp. (27 salaries)	₹3.8 L/yr - ₹8.8 L/yr 29% less
SBI General Insurance Cluster Manager Salary 5 - 18 years exp. (35 salaries)	₹7 L/yr - ₹15 L/yr 4% more
Future Generali India Life Insurance Cluster Manager Salary 7 - 15 years exp. (22 salaries)	₹4 L/yr - ₹12.5 L/yr 21% less	1 job opening
Aditya Birla Health Insurance Co Cluster Manager Salary 3 - 11 years exp. (109 salaries)	₹4 L/yr - ₹10.8 L/yr 14% less
Max Life Insurance Cluster Manager Salary 6 - 15 years exp. (106 salaries)	₹5.1 L/yr - ₹13.9 L/yr 11% more	2 job openings
ManipalCigna Health Insurance Cluster Manager Salary 10 - 17 years exp. (40 salaries)	₹5.5 L/yr - ₹9.8 L/yr 14% less
Edelweiss Tokio Life Insurance Cluster Manager Salary 6 - 18 years exp. (31 salaries)	₹6.6 L/yr - ₹16.4 L/yr 12% more
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Ageas Federal Life Insurance Cluster Manager Salary 11 - 16 years exp. (6 salaries)	₹7.5 L/yr - ₹9 L/yr 1% more
Bharti AXA Life Insurance Cluster Manager Salary 8 - 23 years exp. (6 salaries)	₹5.1 L/yr - ₹21.5 L/yr 56% more
Aviva Life Insurance India Cluster Manager Salary 15 - 27 years exp. (5 salaries)	₹12.4 L/yr - ₹19.4 L/yr 79% more
Pramerica Life Insurance Cluster Manager Salary 12 - 18 years exp. (5 salaries)	₹5.8 L/yr - ₹8.2 L/yr 24% less
IndiaFirst Life Insurance Cluster Manager Salary 4 - 19 years exp. (4 salaries)	₹5.1 L/yr - ₹13.8 L/yr 16% less
Shriram General Insurance Cluster Manager Salary 8 - 25 years exp. (3 salaries)	₹4.5 L/yr - ₹9 L/yr 32% less

Cluster Manager salary at Cholamandalam MS General Insurance ranges between ₹6.5 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 17 years. Salary estimates are based on 17 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Cluster Manager salaries

Last Updated: 8 May 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹15.4 L/yr
6 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹15.5 L/yr
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7 years (AmbitionBox Estimate)	₹8 L/yr - ₹15.6 L/yr
8 years (AmbitionBox Estimate)	₹8 L/yr - ₹15.7 L/yr
9 years (AmbitionBox Estimate)	₹7 L/yr - ₹15.8 L/yr
10 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
12 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹9 L/yr
13 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹16.1 L/yr
14 years (3 salaries)	₹7.5 L/yr - ₹16.2 L/yr
15+ years (6 salaries)	₹7.5 L/yr - ₹9.8 L/yr

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Similar Designation salaries in Cholamandalam MS General Insurance

Store Manager Salary

(AmbitionBox Estimate)

₹24.3 L/yr - ₹31.1 L/yr

Cluster Head Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Area Manager Salary

(116 salaries)

₹4.5 L/yr - ₹13.5 L/yr

Deputy Manager Salary

(48 salaries)

₹4 L/yr - ₹11.2 L/yr

Business Manager Salary

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₹4 L/yr - ₹6.5 L/yr

Sales Manager Salary

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Branch Manager Salary

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₹2.92 L/yr - ₹8 L/yr

Territory Manager Salary

(35 salaries)

₹5 L/yr - ₹11 L/yr

Area Sales Manager Salary

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₹2.86 L/yr - ₹13.09 L/yr

Relationship Manager Salary

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₹2.1 L/yr - ₹5.6 L/yr

Salary related reviews for Cholamandalam MS General Insurance

3.5

Rated by 5 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...

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

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.

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.

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.

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.

see more salary related reviews

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Cholamandalam MS General Insurance Cluster Manager Salary FAQs

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

Cluster Manager salary at Cholamandalam MS General Insurance in India ranges between ₹6.5 Lakhs to ₹10.0 Lakhs for experience between 5 years to 17 years. According to our estimates it is 3% less than the average Cluster Manager Salary in India. Salary estimates are based on 17 latest salaries received from various employees of Cholamandalam MS General Insurance India.

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

The average salary of a Cluster Manager at Cholamandalam MS General Insurance is 3% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.

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

Aviva Life Insurance India Cluster Manager Salary - ₹12.4 Lakhs to ₹19.4 Lakhs per year
Bharti AXA Life Insurance Cluster Manager Salary - ₹5.1 Lakhs to ₹21.5 Lakhs per year
Reliance General Insurance Cluster Manager Salary - ₹6.5 Lakhs to ₹16.0 Lakhs per year
Edelweiss Tokio Life Insurance Cluster Manager Salary - ₹6.6 Lakhs to ₹16.4 Lakhs per year
Max Life Insurance Cluster Manager Salary - ₹5.1 Lakhs to ₹13.9 Lakhs per year

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

SBI General Insurance Cluster Manager Salary - ₹7.0 Lakhs to ₹15.0 Lakhs per year
Bajaj Allianz General Insurance Cluster Manager Salary - ₹4.2 Lakhs to ₹13.8 Lakhs per year
HDFC Ergo General Insurance Cluster Manager Salary - ₹4.5 Lakhs to ₹13.5 Lakhs per year
Ageas Federal Life Insurance Cluster Manager Salary - ₹7.5 Lakhs to ₹9.0 Lakhs per year
ICICI Lombard General Insurance Company Cluster Manager Salary - ₹3.8 Lakhs to ₹11.5 Lakhs per year

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

The estimated take-home salary of a Cluster Manager at Cholamandalam MS General Insurance ranges between ₹64,599 per month to ₹66,246 per month in India. The take-home salary calculation is based on the average Cholamandalam MS General Insurance Cluster Manager salary in India which ranges between ₹6.5 Lakhs to ₹10.0 Lakhs per year for employees with experience between 5 years to 17 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 78% of the Cholamandalam MS General Insurance Cluster Managers reported a notice period of 3 Months, 11% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 9 responses on AmbitionBox in last 2 years.

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Cholamandalam MS General Insurance Cluster Manager Salaries

Cholamandalam MS General Insurance Cluster Manager salary in India ranges between ₹6.5 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 17 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.