Cholamandalam MS General Insurance Recovery Officer Salaries by 3 Employees (Updated 2025)

0 - 6 years exp.

₹1.7 Lakh - ₹1.8 Lakh

Low Confidence

Salary of majority employees

34% less than the average Recovery Officer Salary in Insurance Companies for 0 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Recovery Officer Salary 6 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr
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Sales & Business Development Recovery Officer Salary Fresher (AmbitionBox Estimate)	₹1.6 L/yr - ₹2 L/yr

Last Updated: 26 Jul 2023

Companies similar to Cholamandalam MS General Insurance for Recovery Officer

Company name	Avg Annual Salary	Open Jobs
Shriram Finance Recovery Officer Salary 1 - 8 years exp. (107 salaries)	₹1.2 L/yr - ₹3.8 L/yr 51% more
Bajaj Finserv Recovery Officer Salary 1 - 6 years exp. (50 salaries)	₹1.4 L/yr - ₹4 L/yr 67% more
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Bajaj Finance Recovery Officer Salary 0 - 5 years exp. (40 salaries)	₹1.8 L/yr - ₹4.3 L/yr 47% more
Jana Small Finance Bank Recovery Officer Salary 1 - 6 years exp. (39 salaries)	₹1.5 L/yr - ₹3.9 L/yr 36% more	1 job opening
HDB Financial Services Recovery Officer Salary 0 - 6 years exp. (34 salaries)	₹1.4 L/yr - ₹4 L/yr 32% more

Recovery Officer salary at Cholamandalam MS General Insurance ranges between ₹1.7 Lakh to ₹1.8 Lakh per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 3 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Recovery Officer salaries

Last Updated: 26 Jul 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr
1 year (AmbitionBox Estimate)	₹1.5 L/yr - ₹2 L/yr
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6 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.1 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

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₹3.1 L/yr - ₹3.9 L/yr

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Salary related reviews for Cholamandalam MS General Insurance

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

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Cholamandalam MS General Insurance Recovery Officer Salary FAQs

What is the notice period for Recovery Officer at Cholamandalam MS General Insurance?

According to AmbitionBox, 100% of the Cholamandalam MS General Insurance Recovery Officers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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Cholamandalam MS General Insurance Recovery Officer Salaries

Cholamandalam MS General Insurance Recovery Officer salary in India ranges between ₹1.7 Lakh to ₹1.8 Lakh with an average annual salary of ₹. Salary estimates are based on 3 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.