Cholamandalam MS General Insurance Collections Manager Salaries by 6 Employees (Updated 2025)

4 - 9 years exp.

₹1.1 Lakh - ₹4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

54% less than the average Collections Manager Salary in Insurance Companies for 4 - 9 years of experience

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Salaries in different departments

Finance & Accounting Collections Manager Salary 4 - 9 years exp. (3 salaries)	₹2.1 L/yr - ₹4 L/yr
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BFSI, Investments & Trading Collections Manager Salary 6 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 2 Feb 2025

Companies similar to Cholamandalam MS General Insurance for Collections Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Collections Manager Salary 1 - 18 years exp. (1.1k salaries)	₹2 L/yr - ₹11.1 L/yr 155% more	6 job openings
IDFC FIRST Bank Collections Manager Salary 1 - 11 years exp. (572 salaries)	₹2.2 L/yr - ₹11 L/yr 148% more
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Bajaj Finserv Collections Manager Salary 0 - 10 years exp. (450 salaries)	₹1.1 L/yr - ₹8.5 L/yr 90% more
Bajaj Finance Collections Manager Salary 0 - 11 years exp. (343 salaries)	₹1.2 L/yr - ₹7.8 L/yr 84% more
ICICI Bank Collections Manager Salary 3 - 15 years exp. (322 salaries)	₹3.1 L/yr - ₹11 L/yr 177% more

Collections Manager salary at Cholamandalam MS General Insurance ranges between ₹1.1 Lakh to ₹4 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 6 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Collections Manager salaries

Last Updated: 2 Feb 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
5 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
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6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
8 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
9 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr

View all

Similar Designation salaries in Cholamandalam MS General Insurance

Collection Officer Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Area Collection Manager Salary

(4 salaries)

₹7.5 L/yr - ₹9.65 L/yr

Collection Associate Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Branch Collection Manager Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Cluster Manager Salary

(17 salaries)

₹6.5 L/yr - ₹10 L/yr

Relationship Manager Salary

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Branch Manager Salary

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₹2.92 L/yr - ₹8.82 L/yr

Agency Manager Salary

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₹2.5 L/yr - ₹4.55 L/yr

Area Manager Salary

(118 salaries)

₹4.5 L/yr - ₹16.47 L/yr

Deputy Manager Salary

(66 salaries)

₹4 L/yr - ₹11.25 L/yr

Salary related reviews for Cholamandalam MS General Insurance

4.9

Rated by 3 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.

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

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

Agency Manager in Purnia

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Aug 2021

2.0

for Salary and Benefits

Likes

...ms IT is so weak and it will take atleast more than 5 years to improvise his IT.they are providing good compensation as well, there are no support from HR and supervisor's even is your super boss also don't provide any support.

Skill development - Good

Dislikes

Training part is good in chola ms otherwise any other benefits is vulnerable.

Salary - Poor

Agency Manager in Jaipur

BFSI, Investments & Trading Department

5.0

• posted on 18 May 2018

5.0

for Salary and Benefits

Likes

...NVIRONMENT . QUICK AND PROMPT SERVICE. NICE CAREER GROWTH IN THIS ORGANIZATION. GOOD SALARY AND ALSO GIVEN APPRAISAL. ALL TRAVEL CLAIMS CAME ON TIME . NO ANY POLITICS IN COMPANY. WHO WILL WORK WELL. THEN COMPANY GIVEN PROMOTION AND INCENTIVE ETC.

Salary - Excellent

+5 more

Dislikes

I MOSTLY DISLIKE THAT COMPANY WITHOUT ANY CONVERSATION WITH EMPLOYEE. CHANGE WORKING. FOR EXAMPLE COMPANY GIVEN TABS TO ALL EMPLOYEE. BUT WE CANT DO EXCEL WORK ON IT WHO SECURED WITH IT. LIKE. PRIMUM CALCULATOR. ONE MORE THING WHEN DISCUSSING WITH ALL EMPLOYEES THAN WHY GIVEN TABLET. WHEN WE REQUIRRED LAPTOP FOR WORK. ITS EASY FOR BOTH. FAST WORKING IN LESS TIME. OR ON TAB ITS NOT WORKING PROPERLY. BECAUSE ALL DEPENDS ON RAM. VERY SLOW INTERNET WHEN SUBMITING PROPOSALS IN IT. MOST TIME ITS SYNCRONIGE. FOR 1 PROPOSAL SUBMITING TAKE TIME MORW THEN 15-20 MIN.

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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 Collections Manager Salary FAQs

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

The average salary of a Collections Manager at Cholamandalam MS General Insurance in India typically ranges from ₹1.1 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of Collections Manager at Cholamandalam MS General Insurance earn more than ₹3.9 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Collections 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 6 Cholamandalam MS General Insurance employees in India.

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

The estimated take-home salary of a Collections Manager at Cholamandalam MS General Insurance in India typically ranges from ₹18,362 to ₹20,050 per month. This is based on the average salary range of ₹1.1 Lakhs to ₹4.0 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 6 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 Collections Manager in India?

ICICI Bank	₹3.1 Lakhs to ₹11.0 Lakhs per year
HDFC Bank	₹2.0 Lakhs to ₹11.1 Lakhs per year
IDFC FIRST Bank	₹2.2 Lakhs to ₹11.0 Lakhs per year
Bajaj Finserv	₹1.1 Lakhs to ₹8.5 Lakhs per year
Bajaj Finance	₹1.2 Lakhs to ₹7.8 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.

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

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

Experience	Average Salary Range
4 years	₹1.4 Lakhs to ₹1.8 Lakhs per year
5 years	₹1.8 Lakhs to ₹2.3 Lakhs per year
6 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
7 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Collections Manager Salaries

Cholamandalam MS General Insurance Collections Manager salary in India ranges between ₹1.1 Lakh to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

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

Companies similar to Cholamandalam MS General Insurance for Collections Manager

Latest annual salaries shared by Cholamandalam MS General Insurance Collections Manager

Experience wise Cholamandalam MS General Insurance Collections Manager salaries

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Area Manager in Bikaner

Agency Manager in Ahmednagar

Deputy Manager in Chennai

Agency Manager in Purnia

Agency Manager in Jaipur

Cholamandalam MS General Insurance Collections Manager Salary FAQs

Tell us how to improve this page.

Cholamandalam MS General Insurance Collections Manager Salaries by Location