Cholamandalam MS General Insurance Underwriting Manager Salaries by 6 Employees (Updated 2024)

5 - 15 years exp.

₹4.4 Lakhs - ₹11.9 Lakhs

Low Confidence

Salary of majority employees

8% less than the average Underwriting Manager Salary in Insurance Companies for 5 - 15 years of experience

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Last Updated: 22 Feb 2024

Companies similar to Cholamandalam MS General Insurance for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (10 salaries)	₹5.8 L/yr - ₹14.5 L/yr 13% more
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 35% more
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Bajaj Allianz General Insurance Underwriting Manager Salary 14 - 17 years exp. (4 salaries)	₹19 L/yr - ₹22 L/yr 159% more
Reliance General Insurance Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹4.5 L/yr - ₹11.6 L/yr 8% less
Tata AIG Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹5.2 L/yr - ₹14.5 L/yr 14% more
SBI General Insurance Underwriting Manager Salary 7 - 15 years exp. (25 salaries)	₹5.8 L/yr - ₹13.5 L/yr 28% more
Future Generali India Life Insurance Underwriting Manager Salary 9 - 13 years exp. (6 salaries)	₹10 L/yr - ₹13 L/yr 41% more
Aditya Birla Health Insurance Co Underwriting Manager Salary 9 - 11 years exp. (5 salaries)	₹8.2 L/yr - ₹10.5 L/yr 20% more
Max Life Insurance Underwriting Manager Salary 2 - 14 years exp. (4 salaries)	₹5 L/yr - ₹10 L/yr 4% more
IndiaFirst Life Insurance Underwriting Manager Salary 13 - 20 years exp. (4 salaries)	₹12 L/yr - ₹14 L/yr 55% more
Pramerica Life Insurance Underwriting Manager Salary 10 - 14 years exp. (4 salaries)	₹12.5 L/yr - ₹13.7 L/yr 61% more
Login to view exact salary
ManipalCigna Health Insurance Underwriting Manager Salary 13 - 15 years exp. (4 salaries)	₹7.8 L/yr - ₹14.6 L/yr 35% more

Underwriting Manager salary at Cholamandalam MS General Insurance ranges between ₹4.4 Lakhs to ₹11.9 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 6 latest salaries received from various employees of Cholamandalam MS General Insurance.

Experience wise Cholamandalam MS General Insurance Underwriting Manager salaries

Last Updated: 22 Feb 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹11.5 L/yr
6 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
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7 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹13 L/yr
8 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
9 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
10 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.8 L/yr
11 years (AmbitionBox Estimate)	₹3.6 L/yr - ₹11.9 L/yr
12 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
13 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹11.7 L/yr
14 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.7 L/yr
15+ years (AmbitionBox Estimate)	₹4.2 L/yr - ₹11.9 L/yr

View all

Similar Designation salaries in Cholamandalam MS General Insurance

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Area Credit Manager Salary

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Regional Credit Manager Salary

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₹18 L/yr - ₹23 L/yr

Senior Underwriter Salary

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₹3.1 L/yr - ₹3.9 L/yr

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Salary related reviews for Cholamandalam MS General Insurance

3.4

Rated by 2 employees for salary & benefits

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.

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.

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

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.

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.

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.

see more salary related reviews

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Cholamandalam MS General Insurance Underwriting Manager Salary FAQs

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

Underwriting Manager salary at Cholamandalam MS General Insurance in India ranges between ₹4.4 Lakhs to ₹11.9 Lakhs for experience between 5 years to 15 years. According to our estimates it is 8% less than the average Underwriting Manager Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Cholamandalam MS General Insurance India.

How does the salary of a Underwriting Manager at Cholamandalam MS General Insurance India compare with the average salary range for this job?

The average salary of a Underwriting Manager at Cholamandalam MS General Insurance is 8% less than the average salary of a Underwriting Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Cholamandalam MS General Insurance to a Underwriting Manager in India?

Bajaj Allianz General Insurance Underwriting Manager Salary - ₹19.0 Lakhs to ₹22.0 Lakhs per year
Pramerica Life Insurance Underwriting Manager Salary - ₹12.5 Lakhs to ₹13.7 Lakhs per year
IndiaFirst Life Insurance Underwriting Manager Salary - ₹12.0 Lakhs to ₹14.0 Lakhs per year
Future Generali India Life Insurance Underwriting Manager Salary - ₹10.0 Lakhs to ₹13.0 Lakhs per year
ManipalCigna Health Insurance Underwriting Manager Salary - ₹7.8 Lakhs to ₹14.6 Lakhs per year

What is the salary of a Underwriting Manager in companies similar to Cholamandalam MS General Insurance in India?

HDFC Ergo General Insurance Underwriting Manager Salary - ₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance Underwriting Manager Salary - ₹5.8 Lakhs to ₹13.5 Lakhs per year
Aditya Birla Health Insurance Co Underwriting Manager Salary - ₹8.2 Lakhs to ₹10.5 Lakhs per year
Tata AIG Underwriting Manager Salary - ₹5.2 Lakhs to ₹14.5 Lakhs per year
ICICI Lombard General Insurance Company Underwriting Manager Salary - ₹5.8 Lakhs to ₹14.5 Lakhs per year

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

The estimated take-home salary of a Underwriting Manager at Cholamandalam MS General Insurance ranges between ₹59,506 per month to ₹61,009 per month in India. The take-home salary calculation is based on the average Cholamandalam MS General Insurance Underwriting Manager salary in India which ranges between ₹4.4 Lakhs to ₹11.9 Lakhs per year for employees with experience between 5 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Underwriting Manager at Cholamandalam MS General Insurance?

According to AmbitionBox, 50% of the Cholamandalam MS General Insurance Underwriting Managers reported a notice period of 3 Months, 33% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 6 responses on AmbitionBox in last 2 years.

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Cholamandalam MS General Insurance Underwriting Manager Salaries

Cholamandalam MS General Insurance Underwriting Manager salary in India ranges between ₹4.4 Lakhs to ₹11.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.

Cholamandalam MS General Insurance Underwriting Manager salaries in India

Companies similar to Cholamandalam MS General Insurance for Underwriting Manager

Latest annual salaries shared by Cholamandalam MS General Insurance Underwriting Manager

Experience wise Cholamandalam MS General Insurance Underwriting Manager salaries

Similar Designation salaries in Cholamandalam MS General Insurance

Salary related reviews for Cholamandalam MS General Insurance

Deputy Manager in Chennai

Sales Manager in New Delhi

Agency Manager in Ahmednagar

Area Head in Pune

Area Head in Pune

Cholamandalam MS General Insurance Underwriting Manager Salary FAQs

Tell us how to improve this page.

Cholamandalam MS General Insurance Underwriting Manager Salaries by Location