Cholamandalam MS General Insurance Sales Salaries by 4 Employees

0 - 3 years exp.

₹2.5 Lakhs - ₹3.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

18% less than the average Sales Salary in Insurance Companies for 0 - 3 years of experience

Interested in this particular role?

Last Updated: 15 Mar 2023

Companies similar to Cholamandalam MS General Insurance for Sales

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Sales Salary 0 - 7 years exp. (13 salaries)	₹1.3 L/yr - ₹4 L/yr 5% less
Bajaj Allianz Life Insurance Sales Salary 0 - 8 years exp. (8 salaries)	₹2.3 L/yr - ₹4.5 L/yr 39% more
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IndiaFirst Life Insurance Sales Salary 2 - 12 years exp. (7 salaries)	₹2 L/yr - ₹6.8 L/yr 40% more
Bharti AXA Life Insurance Sales Salary 0 - 12 years exp. (7 salaries)	₹2.5 L/yr - ₹3.8 L/yr 4% more
Pramerica Life Insurance Sales Salary 1 - 8 years exp. (7 salaries)	₹1.8 L/yr - ₹6.5 L/yr 20% more
Life Insurance Corporation of India Sales Salary 0 - 19 years exp. (5 salaries)	₹1 L/yr - ₹5 L/yr 24% less
SBI General Insurance Sales Salary 2 - 14 years exp. (4 salaries)	₹1.1 L/yr - ₹7.9 L/yr 50% more
Aditya Birla Health Insurance Co Sales Salary 0 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.9 L/yr 4% more
Star Union Dai-ichi Life Insurance Sales Salary 1 - 10 years exp. (4 salaries)	₹2.8 L/yr - ₹4.8 L/yr 26% more
Edelweiss Life Insurance Sales Salary 16 - 21 years exp. (4 salaries)	₹3 L/yr - ₹17.5 L/yr 224% more
ManipalCigna Health Insurance Sales Salary 1 - 6 years exp. (4 salaries)	₹2.2 L/yr - ₹4 L/yr 12% less
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Ageas Federal Life Insurance Sales Salary 0 - 6 years exp. (3 salaries)	₹1.1 L/yr - ₹5.8 L/yr 19% more
Future Generali India Life Insurance Sales Salary 3 - 4 years exp. (3 salaries)	₹2.3 L/yr - ₹3 L/yr 8% less	1 job opening

Sales salary at Cholamandalam MS General Insurance ranges between ₹2.5 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Sales salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Area Head Salary

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Sales Manager Salary

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₹1.7 L/yr - ₹6 L/yr

Branch Manager Salary

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₹2.92 L/yr - ₹8.82 L/yr

Relationship Manager Salary

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₹2.1 L/yr - ₹6 L/yr

Field Sales Manager Salary

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₹2.4 L/yr - ₹4.8 L/yr

Assistant Branch Manager Salary

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₹2.6 L/yr - ₹4.6 L/yr

Business Development Manager Salary

(59 salaries)

₹2.6 L/yr - ₹13 L/yr

Territory Manager Salary

(48 salaries)

₹4.6 L/yr - ₹11 L/yr

State Head Salary

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₹7 L/yr - ₹20 L/yr

Area Sales Manager Salary

(39 salaries)

₹5.11 L/yr - ₹13.6 L/yr

Salary related reviews for Cholamandalam MS General Insurance

5.0

Rated by 1 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

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.

Area Head in Pune

Full Time

Sales & Business Development Department

3.0

• posted on 15 Apr 2022

3.0

for Salary and Benefits

Likes

Overall company is good. Working culture is satisfactory. Salary compensation is also as per industry norms .

Dislikes

I can't say much because I am not dissatisfied with company,I am dissatisfied with my channel. But still I can say company should change their approach according to the market competition. Orthodox and old system should change time to time.

Skill development - Poor

+1 more

Territory Manager in Khammam

Health Insurance Department

5.0

• posted on 15 Feb 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Area Head in New Delhi

BFSI, Investments & Trading Department

4.0

• posted on 03 Jul 2019

4.0

for Salary and Benefits

Likes

Good work environment. Employee oriented Company. Gives value to employees at all level. Platform to learn a lot with different verticals and challanges.

Salary - Good

+6 more

Dislikes

Compensation is decent but growth is little slow. Frequent changes in verticals, which somehow impact on individual's growth, in my opinion.

see more salary related reviews

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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 Sales Salary FAQs

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

The average salary of a Sales at Cholamandalam MS General Insurance in India typically ranges from ₹2.5 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Sales at Cholamandalam MS General Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Sales 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 4 Cholamandalam MS General Insurance employees in India.

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

The estimated take-home salary of a Sales at Cholamandalam MS General Insurance in India typically ranges from ₹21,926 to ₹23,411 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 3 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 4 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 Sales in India?

Edelweiss Life Insurance	₹3.0 Lakhs to ₹17.5 Lakhs per year
SBI General Insurance	₹1.1 Lakhs to ₹7.9 Lakhs per year
IndiaFirst Life Insurance	₹2.0 Lakhs to ₹6.8 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹4.5 Lakhs per year
Star Union Dai-ichi Life Insurance	₹2.8 Lakhs to ₹4.8 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 Sales in companies similar to Cholamandalam MS General Insurance in India?

The salary of a Sales 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:

Pramerica Life Insurance	₹1.8 Lakhs to ₹6.5 Lakhs per year
Ageas Federal Life Insurance	₹1.1 Lakhs to ₹5.8 Lakhs per year
Aditya Birla Health Insurance Co	₹3.0 Lakhs to ₹3.9 Lakhs per year
Bharti AXA Life Insurance	₹2.5 Lakhs to ₹3.8 Lakhs per year
Axis Max Life Insurance	₹1.3 Lakhs to ₹4.0 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 Sales at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
Fresher	₹3.0 Lakhs to ₹3.9 Lakhs per year
1 year	₹2.8 Lakhs to ₹3.6 Lakhs per year
2 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.1 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Sales Salaries

Cholamandalam MS General Insurance Sales salary in India ranges between ₹2.5 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.