Cholamandalam MS General Insurance Credit Officer Salaries by 6 Employees

2 - 8 years exp.

₹0.9 Lakh - ₹3.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

31% less than the average Credit Officer Salary in Insurance Companies for 2 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Credit Officer Salary 5 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
Finance & Accounting Credit Officer Salary 2 years exp. (AmbitionBox Estimate)	₹0.8 L/yr - ₹0.9 L/yr
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Sales & Business Development Credit Officer Salary 8 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr

Last Updated: 6 Jan 2024

Companies similar to Cholamandalam MS General Insurance for Credit Officer

Company name	Avg Annual Salary	Open Jobs
Ujjivan Small Finance Bank Credit Officer Salary 0 - 8 years exp. (358 salaries)	₹1.9 L/yr - ₹6 L/yr 71% more
Equitas Small Finance Bank Credit Officer Salary 0 - 9 years exp. (276 salaries)	₹1.6 L/yr - ₹4.4 L/yr 23% more	19 job openings
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HDFC Bank Credit Officer Salary 1 - 8 years exp. (252 salaries)	₹1.2 L/yr - ₹4 L/yr 2% more
Utkarsh Small Finance Bank Credit Officer Salary 0 - 5 years exp. (239 salaries)	₹1.5 L/yr - ₹4.1 L/yr 5% more	4 job openings
AU Small Finance Bank Credit Officer Salary 0 - 6 years exp. (234 salaries)	₹1.3 L/yr - ₹3.8 L/yr 15% more

Credit Officer salary at Cholamandalam MS General Insurance ranges between ₹0.9 Lakh to ₹3.5 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 6 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Credit Officer salaries

Last Updated: 6 Jan 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹1 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
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5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
8 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Credit Manager Salary

(5 salaries)

₹4.7 L/yr - ₹8 L/yr

Sales Officer Salary

(26 salaries)

₹2 L/yr - ₹4.52 L/yr

Credit Analyst Salary

(AmbitionBox Estimate)

₹2.1 L/yr - ₹2.6 L/yr

Officer Salary

(16 salaries)

₹1.2 L/yr - ₹3.15 L/yr

Credit Executive Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Area Credit Manager Salary

(4 salaries)

₹10 L/yr - ₹14 L/yr

Branch Manager Salary

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₹2.92 L/yr - ₹8.82 L/yr

Deputy Manager Salary

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₹4 L/yr - ₹11.25 L/yr

Chief Manager Salary

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₹19 L/yr - ₹30 L/yr

Sales Manager Salary

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Salary related reviews for Cholamandalam MS General Insurance

3.4

Rated by 2 employees for salary & benefits

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

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

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.

Salary - Excellent

+6 more

Dislikes

weekly 1 off, need to change in 5 day working week.

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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 Credit Officer Salary FAQs

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

The average salary of a Credit Officer at Cholamandalam MS General Insurance in India typically ranges from ₹0.9 Lakhs to ₹3.5 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Credit Officer at Cholamandalam MS General Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Credit 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 6 Cholamandalam MS General Insurance employees in India.

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

The estimated take-home salary of a Credit Officer at Cholamandalam MS General Insurance in India typically ranges from ₹17,535 to ₹19,235 per month. This is based on the average salary range of ₹0.9 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from 2 years to 8 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 Credit Officer in India?

Ujjivan Small Finance Bank	₹1.9 Lakhs to ₹6.0 Lakhs per year
Equitas Small Finance Bank	₹1.6 Lakhs to ₹4.4 Lakhs per year
AU Small Finance Bank	₹1.3 Lakhs to ₹3.8 Lakhs per year
Utkarsh Small Finance Bank	₹1.5 Lakhs to ₹4.1 Lakhs per year
HDFC Bank	₹1.2 Lakhs to ₹4.0 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 Credit Officer at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
2 years	₹0.8 Lakhs to ₹1.0 Lakhs per year
4 years	₹2.4 Lakhs to ₹3.1 Lakhs per year
5 years	₹2.9 Lakhs to ₹3.7 Lakhs per year
8 years	₹2.0 Lakhs to ₹2.6 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Credit Officer Salaries

Cholamandalam MS General Insurance Credit Officer salary in India ranges between ₹0.9 Lakh to ₹3.5 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.