Cholamandalam MS General Insurance State Head Salaries by 40+ Employees (Updated 2025)

11 - 20 years exp.

₹7 Lakhs - ₹20 Lakhs

Salary of majority employees

At par with the average State Head Salary in Insurance Companies for 11 - 20 years of experience

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Salaries in different departments

Sales & Business Development State Head Salary 11 - 20 years exp. (23 salaries)	₹7 L/yr - ₹20 L/yr
BFSI, Investments & Trading State Head Salary 14 - 20 years exp. (10 salaries)	₹10.5 L/yr - ₹18 L/yr
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Marketing & Communication State Head Salary 13 - 16 years exp. (AmbitionBox Estimate)	₹15.7 L/yr - ₹20 L/yr

Last Updated: 22 Mar 2025

Companies similar to Cholamandalam MS General Insurance for State Head

Company name	Avg Annual Salary	Open Jobs
Magma HDI General Insurance State Head Salary 10 - 20 years exp. (51 salaries)	₹9.5 L/yr - ₹28.5 L/yr 21% more
Bajaj Allianz Life Insurance State Head Salary 15 - 23 years exp. (39 salaries)	₹12 L/yr - ₹26 L/yr 21% more
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Royal Sundaram General Insurance State Head Salary 10 - 18 years exp. (9 salaries)	₹8.1 L/yr - ₹19.5 L/yr 6% less
Future Generali India Life Insurance State Head Salary 12 - 19 years exp. (8 salaries)	₹13 L/yr - ₹19.5 L/yr 7% less
Bharti AXA Life Insurance State Head Salary 14 - 16 years exp. (5 salaries)	₹14 L/yr - ₹20 L/yr 17% more
Universal Sompo General Insurance State Head Salary 12 - 21 years exp. (5 salaries)	₹9.5 L/yr - ₹23 L/yr 3% less
Axis Max Life Insurance State Head Salary 13 - 16 years exp. (4 salaries)	₹10.4 L/yr - ₹12.5 L/yr 25% less
Ageas Federal Life Insurance State Head Salary 7 - 10 years exp. (3 salaries)	₹14 L/yr - ₹20.6 L/yr 7% more
SBI General Insurance State Head Salary 17 - 19 years exp. (3 salaries)	₹15.7 L/yr - ₹30 L/yr 19% more
Shriram General Insurance State Head Salary 10 - 19 years exp. (3 salaries)	₹7.3 L/yr - ₹15 L/yr 30% less

State Head salary at Cholamandalam MS General Insurance ranges between ₹7 Lakhs to ₹20 Lakhs per year for employees with experience between 11 years to 20 years. Salary estimates are based on 42 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance State Head salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹7 L/yr - ₹27.5 L/yr
12 years (3 salaries)	₹7 L/yr - ₹27.7 L/yr
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13 years (3 salaries)	₹12.9 L/yr - ₹16 L/yr
14 years (5 salaries)	₹10.5 L/yr - ₹17 L/yr
15+ years (29 salaries)	₹10 L/yr - ₹20 L/yr

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Deputy Manager Salary

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Salary related reviews for Cholamandalam MS General Insurance

3.1

Rated by 5 employees for salary & benefits

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

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

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

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

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Cholamandalam MS General Insurance State Head Salary FAQs

What is the salary of State Head at Cholamandalam MS General Insurance ?

The average salary of a State Head at Cholamandalam MS General Insurance in India typically ranges from ₹7.0 Lakhs to ₹20.0 Lakhs per year, depending on experience (from 11 years to 20 years).

The top 10% of State Head at Cholamandalam MS General Insurance earn more than ₹18.6 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. State Head 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 40+ Cholamandalam MS General Insurance employees in India.

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

The estimated take-home salary of a State Head at Cholamandalam MS General Insurance in India typically ranges from ₹1,07,096 to ₹1,10,046 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from 11 years 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 40+ 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 State Head in India?

Bajaj Allianz Life Insurance	₹12.0 Lakhs to ₹26.0 Lakhs per year
Magma HDI General Insurance	₹9.5 Lakhs to ₹28.5 Lakhs per year
SBI General Insurance	₹15.7 Lakhs to ₹30.0 Lakhs per year
Bharti AXA Life Insurance	₹14.0 Lakhs to ₹20.0 Lakhs per year
Ageas Federal Life Insurance	₹14.0 Lakhs to ₹20.6 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 State Head in companies similar to Cholamandalam MS General Insurance in India?

The salary of a State Head 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:

Universal Sompo General Insurance	₹9.5 Lakhs to ₹23.0 Lakhs per year
Royal Sundaram General Insurance	₹8.1 Lakhs to ₹19.5 Lakhs per year
Future Generali India Life Insurance	₹13.0 Lakhs to ₹19.5 Lakhs per year
Axis Max Life Insurance	₹10.4 Lakhs to ₹12.5 Lakhs per year
Shriram General Insurance	₹7.3 Lakhs to ₹15.0 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 State Head at Cholamandalam MS General Insurance in India?

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

Experience	Average Salary Range
11 years	₹7.0 Lakhs to ₹27.5 Lakhs per year
12 years	₹7.0 Lakhs to ₹27.7 Lakhs per year
13 years	₹12.9 Lakhs to ₹16.0 Lakhs per year
14 years	₹10.5 Lakhs to ₹17.0 Lakhs per year

and so on.

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Cholamandalam MS General Insurance State Head Salaries

Cholamandalam MS General Insurance State Head salary in India ranges between ₹7 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 42 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.