Cholamandalam MS General Insurance Mumbai Customer Service Executive Salaries by 10+ Employees (Updated 2025)

0 - 5 years exp.

₹1.2 Lakh - ₹3 Lakhs

Avg. annual salary

Monthly In-hand Salary

36% less than the average Customer Service Executive Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Customer Service Executive Salary 0 - 4 years exp. (7 salaries)	₹1.4 L/yr - ₹2.5 L/yr
BFSI, Investments & Trading Customer Service Executive Salary 1 - 4 years exp. (AmbitionBox Estimate)	₹1.4 L/yr - ₹2.2 L/yr
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Finance & Accounting Customer Service Executive Salary 1 - 4 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹2.2 L/yr

Last Updated: 28 Jan 2025

Companies similar to Cholamandalam MS General Insurance for Customer Service Executive in Mumbai

Cholamandalam MS General Insurance Customer Service Executive Salary

0 - 5 years exp. (18 salaries)

₹1.2 L/yr - ₹3 L/yr

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Customer Service Executive Salary 0 - 6 years exp. (39 salaries)	₹1.5 L/yr - ₹4 L/yr 57% more
Medi Assist India Customer Service Executive Salary 1 - 6 years exp. (18 salaries)	₹2 L/yr - ₹3.5 L/yr 45% more
Login to view exact salary
Paramount Health Services Tpa Customer Service Executive Salary 0 - 8 years exp. (13 salaries)	₹1.6 L/yr - ₹3 L/yr 23% more
IndiaFirst Life Insurance Customer Service Executive Salary 0 - 6 years exp. (11 salaries)	₹1.8 L/yr - ₹3.8 L/yr 55% more
Aditya Birla Health Insurance Co Customer Service Executive Salary 0 - 2 years exp. (9 salaries)	₹1.7 L/yr - ₹3 L/yr 10% more
Bajaj Allianz Life Insurance Customer Service Executive Salary 1 - 6 years exp. (7 salaries)	₹2 L/yr - ₹3.5 L/yr 60% more
Bharti AXA Life Insurance Customer Service Executive Salary 1 - 4 years exp. (6 salaries)	₹2 L/yr - ₹4.2 L/yr 53% more
Future Generali India Life Insurance Customer Service Executive Salary 1 - 8 years exp. (6 salaries)	₹1.8 L/yr - ₹4 L/yr 60% more
Axis Max Life Insurance Customer Service Executive Salary 2 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹2.7 L/yr 26% more
Ageas Federal Life Insurance Customer Service Executive Salary 1 - 6 years exp. (4 salaries)	₹2.2 L/yr - ₹2.9 L/yr 26% more
Edelweiss Life Insurance Customer Service Executive Salary 3 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹3.2 L/yr 46% more
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Universal Sompo General Insurance Customer Service Executive Salary 2 - 9 years exp. (4 salaries)	₹3 L/yr - ₹4.2 L/yr 75% more
Magma HDI General Insurance Customer Service Executive Salary 4 - 8 years exp. (3 salaries)	₹3.5 L/yr - ₹4.6 L/yr 104% more
ManipalCigna Health Insurance Customer Service Executive Salary 1 - 16 years exp. (3 salaries)	₹1.5 L/yr - ₹6.1 L/yr 136% more

Customer Service Executive salary at Cholamandalam MS General Insurance ranges between ₹1.2 Lakh to ₹3 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 18 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Customer Service Executive salaries in Mumbai

Last Updated: 28 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.8 L/yr
1 year (4 salaries)	₹1.1 L/yr - ₹2.2 L/yr
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2 years (3 salaries)	₹1.4 L/yr - ₹2 L/yr
3 years (4 salaries)	₹1.5 L/yr - ₹2.5 L/yr
4 years (4 salaries)	₹1.4 L/yr - ₹3 L/yr
5 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr

View all

Similar Designation salaries in Cholamandalam MS General Insurance

Sales Executive Salary

(3 salaries)

₹2.9 L/yr - ₹3.2 L/yr

Salary related reviews for Cholamandalam MS General Insurance

1.3

Rated by 2 employees for salary & benefits

Customer Service Executive

Operations Department

2.0

• posted on 10 Jun 2019

2.0

for Salary and Benefits

Likes

Good working environment and. Supportive superiors

Dislikes

Pay scale is too low and proper training will not be provided. Will get very little exposure. When it comes to promotion they only prefer candidates who work in that form from long time and also who is friendly with them and Key people of that company is from Tamil Nadu.. From this we can understand how they discourage other employees who are talented and have better qualifications.

Salary - Poor

+4 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

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

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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 Customer Service Executive Salary FAQs

What is the salary of Customer Service Executive at Cholamandalam MS General Insurance in Mumbai?

The average salary of a Customer Service Executive at Cholamandalam MS General Insurance in Mumbai typically ranges from ₹1.2 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Customer Service Executive in Mumbai at Cholamandalam MS General Insurance earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Customer Service Executive 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 Customer Service Executive at Cholamandalam MS General Insurance in Mumbai?

The estimated take-home salary of a Customer Service Executive at Cholamandalam MS General Insurance in Mumbai typically ranges from ₹13,166 to ₹14,575 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from Fresher to 5 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 Customer Service Executive in India?

ManipalCigna Health Insurance	₹1.5 Lakhs to ₹6.1 Lakhs per year
Magma HDI General Insurance	₹3.5 Lakhs to ₹4.6 Lakhs per year
Universal Sompo General Insurance	₹3.0 Lakhs to ₹4.2 Lakhs per year
Bajaj Allianz Life Insurance	₹2.0 Lakhs to ₹3.5 Lakhs per year
Future Generali India Life Insurance	₹1.8 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.

What is the salary of a Customer Service Executive in companies similar to Cholamandalam MS General Insurance in Mumbai?

The salary of a Customer Service Executive at companies similar to Cholamandalam MS General Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI General Insurance	₹1.5 Lakhs to ₹4.0 Lakhs per year
IndiaFirst Life Insurance	₹1.8 Lakhs to ₹3.8 Lakhs per year
Bharti AXA Life Insurance	₹2.0 Lakhs to ₹4.2 Lakhs per year
Edelweiss Life Insurance	₹2.5 Lakhs to ₹3.2 Lakhs per year
Medi Assist India	₹2.0 Lakhs to ₹3.5 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 Customer Service Executive at Cholamandalam MS General Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹1.4 Lakhs to ₹1.8 Lakhs per year
1 year	₹1.1 Lakhs to ₹2.2 Lakhs per year
2 years	₹1.4 Lakhs to ₹2.0 Lakhs per year
3 years	₹1.5 Lakhs to ₹2.5 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Customer Service Executive Salaries in Mumbai

Cholamandalam MS General Insurance Customer Service Executive salary in Mumbai ranges between ₹1.2 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Customer Service Executive salaries in Mumbai (Updated 2025)

Companies similar to Cholamandalam MS General Insurance for Customer Service Executive in Mumbai

Latest annual salaries shared by Cholamandalam MS General Insurance Customer Service Executive in Mumbai

Experience wise Cholamandalam MS General Insurance Customer Service Executive salaries in Mumbai

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Customer Service Executive

Sales Manager in New Delhi

Deputy Manager in Chennai

Area Manager in Bikaner

Agency Manager in Ahmednagar

Cholamandalam MS General Insurance Customer Service Executive Salary FAQs

Tell us how to improve this page.