Cholamandalam MS General Insurance Sales Manager Bancassurance Salaries by 10 Employees

1 - 14 years exp.

₹2.4 Lakhs - ₹5.8 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

13% less than the average Sales Manager Bancassurance Salary in Insurance Companies for 1 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Sales Manager Bancassurance Salary 2 - 12 years exp. (4 salaries)	₹2.4 L/yr - ₹5.8 L/yr
Sales & Business Development Sales Manager Bancassurance Salary 1 - 7 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.7 L/yr
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Finance & Accounting Sales Manager Bancassurance Salary 4 years exp. (AmbitionBox Estimate)	₹3.2 L/yr - ₹3.9 L/yr

Last Updated: 17 Dec 2023

Companies similar to Cholamandalam MS General Insurance for Sales Manager Bancassurance

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Sales Manager Bancassurance Salary 3 - 7 years exp. (12 salaries)	₹2.3 L/yr - ₹4.2 L/yr 9% less
Aditya Birla Health Insurance Co Sales Manager Bancassurance Salary 4 - 7 years exp. (6 salaries)	₹3.2 L/yr - ₹4.5 L/yr 6% more
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Universal Sompo General Insurance Sales Manager Bancassurance Salary 2 - 15 years exp. (5 salaries)	₹2.2 L/yr - ₹5 L/yr 2% less
Axis Max Life Insurance Sales Manager Bancassurance Salary 4 - 7 years exp. (4 salaries)	₹3.1 L/yr - ₹4.7 L/yr 9% less	1 job opening
IndiaFirst Life Insurance Sales Manager Bancassurance Salary 8 - 10 years exp. (4 salaries)	₹3.7 L/yr - ₹4.5 L/yr 9% more
Royal Sundaram General Insurance Sales Manager Bancassurance Salary 4 - 9 years exp. (4 salaries)	₹3.4 L/yr - ₹4.5 L/yr 1% less
Bharti AXA Life Insurance Sales Manager Bancassurance Salary 2 - 9 years exp. (4 salaries)	₹4.5 L/yr - ₹5.6 L/yr 38% more
Aviva Life Insurance India Sales Manager Bancassurance Salary 5 - 16 years exp. (3 salaries)	₹3.8 L/yr - ₹5.5 L/yr 16% more
Ageas Federal Life Insurance Sales Manager Bancassurance Salary 8 - 13 years exp. (3 salaries)	₹6 L/yr - ₹7.2 L/yr 73% more
Future Generali India Life Insurance Sales Manager Bancassurance Salary 1 - 4 years exp. (3 salaries)	₹1.5 L/yr - ₹2.9 L/yr 28% less

Sales Manager Bancassurance salary at Cholamandalam MS General Insurance ranges between ₹2.4 Lakhs to ₹5.8 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 10 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Sales Manager Bancassurance salaries

Last Updated: 17 Dec 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
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4 years (4 salaries)	₹3 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
12 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.6 L/yr
14 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr

View all

Similar Designation salaries in Cholamandalam MS General Insurance

Area Head Salary

(253 salaries)

₹4.6 L/yr - ₹16.5 L/yr

Branch Manager Salary

(203 salaries)

₹2.92 L/yr - ₹8.82 L/yr

Relationship Manager Salary

(140 salaries)

₹2.1 L/yr - ₹6 L/yr

Assistant Branch Manager Salary

(69 salaries)

₹2.6 L/yr - ₹4.6 L/yr

Agency Manager Salary

(59 salaries)

₹2.5 L/yr - ₹4.55 L/yr

Insurance Officer Salary

(29 salaries)

₹1.1 L/yr - ₹5 L/yr

Claims Manager Salary

(25 salaries)

₹3.85 L/yr - ₹12 L/yr

Cluster Manager Salary

(17 salaries)

₹6.5 L/yr - ₹10 L/yr

Direct Sales Officer Salary

(15 salaries)

₹1 L/yr - ₹2.75 L/yr

Senior Branch Manager Salary

(15 salaries)

₹5.8 L/yr - ₹8.5 L/yr

Salary related reviews for Cholamandalam MS General Insurance

2.1

Rated by 2 employees for salary & benefits

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.

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

Agency Manager in Purnia

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Aug 2021

2.0

for Salary and Benefits

Likes

...ms IT is so weak and it will take atleast more than 5 years to improvise his IT.they are providing good compensation as well, there are no support from HR and supervisor's even is your super boss also don't provide any support.

Skill development - Good

Dislikes

Training part is good in chola ms otherwise any other benefits is vulnerable.

Salary - Poor

Agency Manager in Jaipur

BFSI, Investments & Trading Department

5.0

• posted on 18 May 2018

5.0

for Salary and Benefits

Likes

...NVIRONMENT . QUICK AND PROMPT SERVICE. NICE CAREER GROWTH IN THIS ORGANIZATION. GOOD SALARY AND ALSO GIVEN APPRAISAL. ALL TRAVEL CLAIMS CAME ON TIME . NO ANY POLITICS IN COMPANY. WHO WILL WORK WELL. THEN COMPANY GIVEN PROMOTION AND INCENTIVE ETC.

Salary - Excellent

+5 more

Dislikes

I MOSTLY DISLIKE THAT COMPANY WITHOUT ANY CONVERSATION WITH EMPLOYEE. CHANGE WORKING. FOR EXAMPLE COMPANY GIVEN TABS TO ALL EMPLOYEE. BUT WE CANT DO EXCEL WORK ON IT WHO SECURED WITH IT. LIKE. PRIMUM CALCULATOR. ONE MORE THING WHEN DISCUSSING WITH ALL EMPLOYEES THAN WHY GIVEN TABLET. WHEN WE REQUIRRED LAPTOP FOR WORK. ITS EASY FOR BOTH. FAST WORKING IN LESS TIME. OR ON TAB ITS NOT WORKING PROPERLY. BECAUSE ALL DEPENDS ON RAM. VERY SLOW INTERNET WHEN SUBMITING PROPOSALS IN IT. MOST TIME ITS SYNCRONIGE. FOR 1 PROPOSAL SUBMITING TAKE TIME MORW THEN 15-20 MIN.

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Cholamandalam MS General Insurance Sales Manager Bancassurance Salary FAQs

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

The average salary of a Sales Manager Bancassurance at Cholamandalam MS General Insurance in India typically ranges from ₹2.4 Lakhs to ₹5.8 Lakhs per year, depending on experience (from 1 year to 14 years).

The top 10% of Sales Manager Bancassurance at Cholamandalam MS General Insurance earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹5.8 Lakhs per year. Sales Manager Bancassurance 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 Sales Manager Bancassurance at Cholamandalam MS General Insurance in India?

The estimated take-home salary of a Sales Manager Bancassurance at Cholamandalam MS General Insurance in India typically ranges from ₹28,206 to ₹29,597 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹5.8 Lakhs per year for employees with experience ranging from 1 year to 14 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 Sales Manager Bancassurance in India?

Ageas Federal Life Insurance	₹6.0 Lakhs to ₹7.2 Lakhs per year
Bharti AXA Life Insurance	₹4.5 Lakhs to ₹5.6 Lakhs per year
Aviva Life Insurance India	₹3.8 Lakhs to ₹5.5 Lakhs per year
IndiaFirst Life Insurance	₹3.7 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Health Insurance Co	₹3.2 Lakhs to ₹4.5 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 Manager Bancassurance in companies similar to Cholamandalam MS General Insurance in India?

The salary of a Sales Manager Bancassurance 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:

Royal Sundaram General Insurance	₹3.4 Lakhs to ₹4.5 Lakhs per year
Universal Sompo General Insurance	₹2.2 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance	₹3.1 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹4.2 Lakhs per year
Future Generali India Life Insurance	₹1.5 Lakhs to ₹2.9 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 Manager Bancassurance at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
4 years	₹3.0 Lakhs to ₹4.0 Lakhs per year
7 years	₹3.8 Lakhs to ₹4.8 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Sales Manager Bancassurance Salaries by Location

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Cholamandalam MS General Insurance Sales Manager Bancassurance Salaries

Cholamandalam MS General Insurance Sales Manager Bancassurance salary in India ranges between ₹2.4 Lakhs to ₹5.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Sales Manager Bancassurance salaries in India

Companies similar to Cholamandalam MS General Insurance for Sales Manager Bancassurance

Latest annual salaries shared by Cholamandalam MS General Insurance Sales Manager Bancassurance

Experience wise Cholamandalam MS General Insurance Sales Manager Bancassurance salaries

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Agency Manager in Ahmednagar

Area Head in Pune

Area Head in Pune

Agency Manager in Purnia

Agency Manager in Jaipur

Cholamandalam MS General Insurance Sales Manager Bancassurance Salary FAQs

Tell us how to improve this page.

Cholamandalam MS General Insurance Sales Manager Bancassurance Salaries by Location