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

Annual salary range
1 - 20 years exp.
₹9 Lakhs - ₹23.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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12% more than the average IT Manager Salary in Insurance Companies for 1 - 20 years of experience

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Salaries in different departments

IT & Information Security
IT Manager Salary
1 - 20 years exp. (6 salaries)
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₹9 L/yr - ₹23.5 L/yr

Engineering - Software & QA
IT Manager Salary
9 - 10 years exp. (3 salaries)
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₹13.5 L/yr - ₹15.6 L/yr

Last Updated: 5 Mar 2025

Companies similar to Cholamandalam MS General Insurance for IT Manager

Company name Avg Annual Salary Open Jobs
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Bharti AXA Life Insurance IT Manager Salary

5 - 11 years exp. (17 salaries)

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₹7 L/yr - ₹15 L/yr

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₹13.5 L/yr - ₹16 L/yr

At par
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Ageas Federal Life Insurance IT Manager Salary

10 - 18 years exp. (5 salaries)

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₹19 L/yr - ₹25 L/yr

arrow icon 41% more
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₹17.7 L/yr - ₹18.4 L/yr

arrow icon 15% more
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Axis Max Life Insurance IT Manager Salary

1 - 10 years exp. (4 salaries)

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₹2.7 L/yr - ₹9.6 L/yr

arrow icon 63% less
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Allianz IT Manager Salary

10 - 15 years exp. (4 salaries)

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₹5.9 L/yr - ₹20 L/yr

arrow icon 8% less
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Pramerica Life Insurance IT Manager Salary

8 - 13 years exp. (4 salaries)

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₹12 L/yr - ₹23 L/yr

arrow icon 12% more
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Chubb IT Manager Salary

13 - 16 years exp. (4 salaries)

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₹18 L/yr - ₹30 L/yr

arrow icon 55% more
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Aviva Life Insurance India IT Manager Salary

8 - 10 years exp. (3 salaries)

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₹11.7 L/yr - ₹16.6 L/yr

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₹12 L/yr - ₹24 L/yr

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₹15 L/yr - ₹18.3 L/yr

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₹8.5 L/yr - ₹10 L/yr

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Edelweiss Life Insurance IT Manager Salary

10 - 15 years exp. (3 salaries)

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₹8.5 L/yr - ₹21 L/yr

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ManipalCigna Health Insurance IT Manager Salary

10 - 14 years exp. (3 salaries)

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₹14.8 L/yr - ₹17 L/yr

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IT Manager salary at Cholamandalam MS General Insurance ranges between ₹9 Lakhs to ₹23.5 Lakhs per year for employees with experience between 1 year to 20 years. Salary estimates are based on 10 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance IT Manager

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Experience wise Cholamandalam MS General Insurance IT Manager salaries

Last Updated: 5 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹12 L/yr - ₹28.1 L/yr
2 years (AmbitionBox Estimate)

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₹14.1 L/yr - ₹18 L/yr
3 years (AmbitionBox Estimate)

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₹14.1 L/yr - ₹18 L/yr
4 years (AmbitionBox Estimate)

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₹14.1 L/yr - ₹18 L/yr
5 years (AmbitionBox Estimate)

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₹14.1 L/yr - ₹18 L/yr
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Similar Designation salaries in Cholamandalam MS General Insurance

Deputy Manager Salary
(66 salaries)
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₹4 L/yr - ₹11.25 L/yr
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₹17.8 L/yr - ₹34.8 L/yr
Team Lead Salary
(36 salaries)
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₹2.8 L/yr - ₹9.5 L/yr
Analyst Salary
(AmbitionBox Estimate)
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₹11.7 L/yr - ₹15 L/yr
IT Executive Salary
(AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.5 L/yr
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₹1 L/yr - ₹9 L/yr
Technical Lead Salary
(3 salaries)
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₹16.4 L/yr - ₹17.2 L/yr
Devops Engineer Salary
(AmbitionBox Estimate)
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₹5.3 L/yr - ₹6.8 L/yr
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₹1 L/yr - ₹2 L/yr
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₹7.62 L/yr - ₹25 L/yr

Salary related reviews for Cholamandalam MS General Insurance

4.3

Rated by 2 employees for salary & benefits

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.

read more
  • 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.

read more
  • Skill development - Bad
  • +4 more

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.

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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

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  • Promotions - Bad
  • +3 more

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.

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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.

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  • Salary - Poor
  • +3 more

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

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

see more salary related reviews

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Cholamandalam MS General Insurance IT Manager Salary FAQs

What is the salary of IT Manager at Cholamandalam MS General Insurance ?
The average salary of a IT Manager at Cholamandalam MS General Insurance in India typically ranges from ₹9.0 Lakhs to ₹23.5 Lakhs per year, depending on experience (from 1 year to 20 years).

The top 10% of IT Manager at Cholamandalam MS General Insurance earn more than ₹21.8 Lakhs per year, and the top 1% earn over ₹23.5 Lakhs per year. IT 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 10 Cholamandalam MS General Insurance employees in India.
What is the estimated take home salary of a IT Manager at Cholamandalam MS General Insurance in India?
The estimated take-home salary of a IT Manager at Cholamandalam MS General Insurance in India typically ranges from ₹1,07,333 to ₹1,10,291 per month. This is based on the average salary range of ₹9.0 Lakhs to ₹23.5 Lakhs per year for employees with experience ranging from 1 year to 20 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 IT Manager in India?
Chubb ₹18.0 Lakhs to ₹30.0 Lakhs per year
Ageas Federal Life Insurance ₹19.0 Lakhs to ₹25.0 Lakhs per year
Life Insurance Corporation of India ₹12.0 Lakhs to ₹24.0 Lakhs per year
Bajaj Allianz Life Insurance ₹17.7 Lakhs to ₹18.4 Lakhs per year
Pramerica Life Insurance ₹12.0 Lakhs to ₹23.0 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 IT Manager in companies similar to Cholamandalam MS General Insurance in India?
The salary of a IT Manager 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:

Edelweiss Life Insurance ₹8.5 Lakhs to ₹21.0 Lakhs per year
Aditya Birla Health Insurance Co ₹15.0 Lakhs to ₹18.3 Lakhs per year
ManipalCigna Health Insurance ₹14.8 Lakhs to ₹17.0 Lakhs per year
Future Generali India Life Insurance ₹13.5 Lakhs to ₹16.0 Lakhs per year
Allianz ₹5.9 Lakhs to ₹20.0 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 IT Manager at Cholamandalam MS General Insurance in India?
The salary growth for a IT Manager at Cholamandalam MS General Insurance depends on factors such as experience, performance, and promotions. On average, a IT Manager can expect the following growth trajectory at Cholamandalam MS General Insurance:

Experience Average Salary Range
1 year ₹12.0 Lakhs to ₹28.1 Lakhs per year
2 years ₹14.1 Lakhs to ₹18.0 Lakhs per year
3 years ₹14.1 Lakhs to ₹18.0 Lakhs per year
4 years ₹14.1 Lakhs to ₹18.0 Lakhs per year
and so on.

Tell us how to improve this page.

Cholamandalam MS General Insurance IT Manager salary in India ranges between ₹9 Lakhs to ₹23.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.