Cholamandalam MS General Insurance Service Engineer Salaries by 4 Employees (Updated 2025)

4 - 14 years exp.

₹3.5 Lakhs - ₹8.4 Lakhs

Low Confidence

Salary of majority employees

Fixed (88%)

₹3.1 Lakhs

Variable (12%)

₹0.4 Lakh

16% less than the average Service Engineer Salary in Insurance Companies for 4 - 14 years of experience

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Salaries in different departments

Customer Success, Service & Operations Service Engineer Salary 6 - 14 years exp. (AmbitionBox Estimate)	₹4.1 L/yr - ₹8.4 L/yr
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Production, Manufacturing & Engineering Service Engineer Salary 7 years exp. (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.1 L/yr

Last Updated: 14 Mar 2025

Companies similar to Cholamandalam MS General Insurance for Service Engineer

Company name	Avg Annual Salary	Open Jobs
Future Generali India Life Insurance Service Engineer Salary 2 - 7 years exp. (10 salaries)	₹2.7 L/yr - ₹6.7 L/yr 2% more
Bajaj Allianz Life Insurance Service Engineer Salary 1 - 5 years exp. (5 salaries)	₹3.3 L/yr - ₹3.7 L/yr 1% less
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SBI General Insurance Service Engineer Salary 2 - 15 years exp. (4 salaries)	₹2.2 L/yr - ₹5.5 L/yr 1% less
Life Insurance Corporation of India Service Engineer Salary 1 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹19 L/yr 128% more
AceMicromatic Group Service Engineer Salary 1 - 9 years exp. (306 salaries)	₹1.2 L/yr - ₹8.5 L/yr 35% more

Service Engineer salary at Cholamandalam MS General Insurance ranges between ₹3.5 Lakhs to ₹8.4 Lakhs per year for employees with experience between 4 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Service Engineer salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
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6 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.1 L/yr
7 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹3.7 L/yr

Similar Designation salaries in Cholamandalam MS General Insurance

Mechanical Engineer Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Supervisor Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Technician Salary

(AmbitionBox Estimate)

₹76 L/yr - ₹84 L/yr

Deputy Manager Salary

(66 salaries)

₹4 L/yr - ₹11.25 L/yr

Officer Salary

(16 salaries)

₹1.2 L/yr - ₹3.15 L/yr

Salary related reviews for Cholamandalam MS General Insurance

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.

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

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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Cholamandalam MS General Insurance Service Engineer Salary FAQs

What is the salary of Service Engineer at Cholamandalam MS General Insurance ?

The average salary of a Service Engineer at Cholamandalam MS General Insurance in India typically ranges from ₹3.5 Lakhs to ₹8.4 Lakhs per year, depending on experience (from 4 years to 14 years).

The top 10% of Service Engineer at Cholamandalam MS General Insurance earn more than ₹8.4 Lakhs per year, and the top 1% earn over ₹8.4 Lakhs per year. Service Engineer 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 Service Engineer at Cholamandalam MS General Insurance in India?

The estimated take-home salary of a Service Engineer at Cholamandalam MS General Insurance in India typically ranges from ₹25,789 to ₹27,216 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹8.4 Lakhs per year for employees with experience ranging from 4 years 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 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 Service Engineer in India?

Life Insurance Corporation of India	₹2.2 Lakhs to ₹19.0 Lakhs per year
AceMicromatic Group	₹1.2 Lakhs to ₹8.5 Lakhs per year
Future Generali India Life Insurance	₹2.7 Lakhs to ₹6.7 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 Service Engineer in companies similar to Cholamandalam MS General Insurance in India?

The salary of a Service Engineer 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:

Bajaj Allianz Life Insurance	₹3.3 Lakhs to ₹3.7 Lakhs per year
SBI General Insurance	₹2.2 Lakhs to ₹5.5 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 Service Engineer at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
4 years	₹1.4 Lakhs to ₹3.5 Lakhs per year
5 years	₹3.1 Lakhs to ₹4.0 Lakhs per year
6 years	₹1.4 Lakhs to ₹4.1 Lakhs per year
7 years	₹1.5 Lakhs to ₹3.7 Lakhs per year

and so on.

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Cholamandalam MS General Insurance Service Engineer Salaries

Cholamandalam MS General Insurance Service Engineer salary in India ranges between ₹3.5 Lakhs to ₹8.4 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.