Cholamandalam MS General Insurance Insurance Trainee Salaries by 10+ Employees

0 - 4 years exp.

₹3.5 Lakhs - ₹3.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

63% more than the average Insurance Trainee Salary in Insurance Companies for 0 - 4 years of experience

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Salaries in different departments

Sales & Business Development Insurance Trainee Salary Fresher (3 salaries)	₹3.5 L/yr - ₹3.5 L/yr
BFSI, Investments & Trading Insurance Trainee Salary 0 - 3 years exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.5 L/yr
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Finance & Accounting Insurance Trainee Salary Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.5 L/yr
Human Resources Insurance Trainee Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.5 L/yr
Marketing & Communication Insurance Trainee Salary Fresher (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.5 L/yr

Last Updated: 4 Jul 2023

Companies similar to Cholamandalam MS General Insurance for Insurance Trainee

Company name	Avg Annual Salary	Open Jobs
Star Union Dai-ichi Life Insurance Insurance Trainee Salary 0 - 2 years exp. (8 salaries)	₹2.2 L/yr - ₹3.3 L/yr 21% less
SBI General Insurance Insurance Trainee Salary 3 - 5 years exp. (3 salaries)	₹1.4 L/yr - ₹1.7 L/yr 57% less
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Aster MIMS Insurance Trainee Salary 2 - 4 years exp. (3 salaries)	₹1.7 L/yr - ₹2.2 L/yr 46% less
TCS Insurance Trainee Salary 1 - 5 years exp. (3 salaries)	₹1.8 L/yr - ₹2.3 L/yr 43% less

Insurance Trainee salary at Cholamandalam MS General Insurance ranges between ₹3.5 Lakhs to ₹3.6 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 14 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance Insurance Trainee

1y ago

₹3.5 Lakhs

7 months exp.

1y ago

₹3.6 Lakhs

3 months exp.

1y ago

₹3.5 Lakhs

5 months exp.

1y ago

₹3.5 Lakhs

9 months exp.

1y ago

₹3.5 Lakhs

7 months exp.

1y ago

1 year exp.

1y ago

3 years exp.

1y ago

5 months exp.

1y ago

6 months exp.

1y ago

9 months exp.

Experience wise Cholamandalam MS General Insurance Insurance Trainee salaries

Last Updated: 4 Jul 2023

Experience	Avg Annual Salary
Fresher (10 salaries)	₹3.5 L/yr - ₹3.6 L/yr
1 year (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Management Trainee Salary

(17 salaries)

₹3.5 L/yr - ₹8 L/yr

Branch Manager Salary

(237 salaries)

₹2.92 L/yr - ₹8.82 L/yr

Finance Executive Salary

(7 salaries)

₹2.1 L/yr - ₹3 L/yr

Credit Officer Salary

(6 salaries)

₹0.9 L/yr - ₹3.5 L/yr

Sales Officer Salary

(26 salaries)

₹2 L/yr - ₹4.52 L/yr

Accountant Salary

(5 salaries)

₹0.7 L/yr - ₹4.15 L/yr

Sales Executive Salary

(83 salaries)

₹1.4 L/yr - ₹4.25 L/yr

Team Lead Salary

(36 salaries)

₹2.8 L/yr - ₹9.5 L/yr

Senior Associate Salary

(6 salaries)

₹1.2 L/yr - ₹4.93 L/yr

Credit Manager Salary

(5 salaries)

₹4.7 L/yr - ₹8 L/yr

Salary related reviews for Cholamandalam MS General Insurance

3.0

Rated by 5 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 Insurance Trainee Salary FAQs

What is the salary of Insurance Trainee at Cholamandalam MS General Insurance ?

The average salary of a Insurance Trainee at Cholamandalam MS General Insurance in India typically ranges from ₹3.5 Lakhs to ₹3.6 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Insurance Trainee at Cholamandalam MS General Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. Insurance Trainee 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 Insurance Trainee at Cholamandalam MS General Insurance in India?

The estimated take-home salary of a Insurance Trainee at Cholamandalam MS General Insurance in India typically ranges from ₹25,556 to ₹26,987 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹3.6 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.

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

The salary of a Insurance Trainee 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:

Star Union Dai-ichi Life Insurance	₹2.2 Lakhs to ₹3.3 Lakhs per year
TCS	₹1.8 Lakhs to ₹2.3 Lakhs per year
Aster MIMS	₹1.7 Lakhs to ₹2.2 Lakhs per year
SBI General Insurance	₹1.4 Lakhs to ₹1.7 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 Insurance Trainee at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹3.5 Lakhs to ₹3.6 Lakhs per year
1 year	₹3.2 Lakhs to ₹4.0 Lakhs per year
2 years	₹3.2 Lakhs to ₹4.0 Lakhs per year
3 years	₹3.2 Lakhs to ₹4.0 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Insurance Trainee Salaries

Cholamandalam MS General Insurance Insurance Trainee salary in India ranges between ₹3.5 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Insurance Trainee salaries in India

Companies similar to Cholamandalam MS General Insurance for Insurance Trainee

Latest annual salaries shared by Cholamandalam MS General Insurance Insurance Trainee

Experience wise Cholamandalam MS General Insurance Insurance Trainee salaries

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Sales Manager in New Delhi

Deputy Manager in Chennai

Area Manager in Bikaner

Agency Manager in Ahmednagar

Area Head in Pune

Cholamandalam MS General Insurance Insurance Trainee Salary FAQs

Tell us how to improve this page.

Cholamandalam MS General Insurance Insurance Trainee Salaries by Location