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Shriram Life Insurance Cluster Manager salaries in India (Updated 2025)

Annual salary range
8 - 18 years exp.
₹3.8 Lakhs - ₹6.5 Lakhs
Salary of majority employees
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46% less than the average Cluster Manager Salary in Insurance Companies for 8 - 18 years of experience

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Salaries in different departments

Sales & Business Development
Cluster Manager Salary
8 - 16 years exp. (14 salaries)
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₹3.8 L/yr - ₹6.5 L/yr

BFSI, Investments & Trading
Cluster Manager Salary
8 - 12 years exp. (5 salaries)
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₹4 L/yr - ₹5.1 L/yr

Last Updated: 2 Feb 2025

Companies similar to Shriram Life Insurance for Cluster Manager

Company name Avg Annual Salary Open Jobs
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₹6.1 L/yr - ₹14 L/yr

arrow icon 78% more
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HDFC Life Cluster Manager Salary

5 - 16 years exp. (295 salaries)

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₹5 L/yr - ₹12 L/yr

arrow icon 79% more
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₹3.5 L/yr - ₹5.3 L/yr

arrow icon 14% less
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Axis Max Life Insurance Cluster Manager Salary

6 - 15 years exp. (190 salaries)

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₹5.6 L/yr - ₹14 L/yr

arrow icon 101% more
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₹4.2 L/yr - ₹14.3 L/yr

arrow icon 76% more
1 job opening
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₹5 L/yr - ₹14.6 L/yr

arrow icon 64% more
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₹5 L/yr - ₹16 L/yr

arrow icon 83% more
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₹5.2 L/yr - ₹14 L/yr

arrow icon 88% more
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PNB MetLife Cluster Manager Salary

5 - 23 years exp. (39 salaries)

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₹4.9 L/yr - ₹17 L/yr

arrow icon 140% more
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Tata AIA Life Insurance Cluster Manager Salary

6 - 19 years exp. (49 salaries)

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₹4.5 L/yr - ₹18.6 L/yr

arrow icon 121% more
7 job openings
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₹4 L/yr - ₹10.8 L/yr

arrow icon 48% more
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₹3.7 L/yr - ₹10 L/yr

arrow icon 31% more
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SBI General Insurance Cluster Manager Salary

6 - 18 years exp. (38 salaries)

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₹4.8 L/yr - ₹15.3 L/yr

arrow icon 81% more
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₹4.2 L/yr - ₹16.5 L/yr

arrow icon 98% more
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₹4.1 L/yr - ₹13.5 L/yr

arrow icon 102% more
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₹3.8 L/yr - ₹10.9 L/yr

arrow icon 60% more
Cluster Manager salary at Shriram Life Insurance ranges between ₹3.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 8 years to 18 years. Salary estimates are based on 21 latest salaries received from various employees of Shriram Life Insurance.

Latest annual salaries shared by Shriram Life Insurance Cluster Manager

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16 years exp.
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16 years exp.
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11 years exp.
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12 years exp.
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15 years exp.
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13 years exp.
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11 years exp.
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8 years exp.
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8 years exp.

Experience wise Shriram Life Insurance Cluster Manager salaries

Last Updated: 2 Feb 2025

Experience Avg Annual Salary
8 years (AmbitionBox Estimate)

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₹4 L/yr - ₹9 L/yr
9 years (AmbitionBox Estimate)

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₹4.8 L/yr - ₹9 L/yr
10 years  (7 salaries)

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₹3.8 L/yr - ₹5.1 L/yr
11 years  (3 salaries)

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₹3.8 L/yr - ₹6 L/yr
12 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹8.9 L/yr
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Similar Designation salaries in Shriram Life Insurance

Store Manager Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
Cluster Head Salary
(4 salaries)
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₹4.8 L/yr - ₹12 L/yr
Area Manager Salary
(35 salaries)
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₹3.7 L/yr - ₹11 L/yr
Deputy Manager Salary
(44 salaries)
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₹4 L/yr - ₹10 L/yr
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₹2.15 L/yr - ₹5 L/yr
Sales Manager Salary
(113 salaries)
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₹1.65 L/yr - ₹7 L/yr
Branch Manager Salary
(88 salaries)
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₹2.2 L/yr - ₹9.5 L/yr
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₹3 L/yr - ₹7.2 L/yr
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₹1.8 L/yr - ₹6 L/yr
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₹1.82 L/yr - ₹6.25 L/yr

Top skills at Shriram Life Insurance for Cluster Manager

agency Life Insurance Insurance Sales Area Management
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Salary related reviews for Shriram Life Insurance

2.4

Rated by 11 employees for salary & benefits

Sales Department

3.0
  •  posted on 18 Oct 2020

2.0
 for  Salary and Benefits

Likes

...tly. No appraisal this year. Compensation should be more as per work and labour. Very less salary.

read more

Dislikes

Salary must be at par as per the designation compare to other companies

  • Salary - Poor
  • +3 more

Full Time

 · 

Strategic & Top Management Department

1.0
  •  posted on 22 Feb 2025

3.0
 for  Salary and Benefits

Likes

The only thing I like about Shriram Life insurance is the good incentive and the salary package. That’s it.

read more

Dislikes

The job satisfaction is very poor. I don’t even like to walk there and the top management is very rude and very arrogant. They don’t even understand the situation of an employees few days ago. My father was very serious in the hospital. I have informed the authority that I am taking leave. It was total of five days of leave. Even after I informed, even after I told him that it was an emergency. My father‘s condition is not good. Still there spoke to me very rudely and very arrogantly. Fine, they told me to resign. I mean family emergencies should be considered as Reasonable right thinking to join Shriram Life insurance. I would suggest them to not join if you are totally focused and experienced in life insurance industry. If you have business, if you have clients then okay, you can go for it, but still, you will face such situations.

read more
  • Skill development - Poor
  • +4 more

Customer Service Department

1.0
  •  posted on 09 Mar 2021

1.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

... If my father is not well they are telling to get the sell from family members. They have told that If I sell the product the my family member then I will get my salary otherwise not see this is the company which is not at all employee centric it is only about their reputation and in terms of their reputation that are cheating their customers. So do not believe in this company please believe a trusted one.

read more
  • Salary - Bad
  • +6 more

BFSI, Investments & Trading Department

4.0
  •  posted on 31 Jul 2020

3.0
 for  Salary and Benefits

Likes

Work culture here is pretty flexible which allows people to work at their own pace and conviniece. Company is not very aggresive in nature and has indeed helped all their junior and mid level employees by providing full compensation during lockdown. When it comes to management, they are bit shaken after covid...making drastic changes which is not welcomed by many.

read more
  • Job security - Good
  • +2 more

Dislikes

Weak management. Worst paymaster in the industry and despite this they foucs immenly on cost cutting. Poor office infrastructure (branhces) expect the head office.

read more
  • Promotions - Poor

Full Time

 · 

Marketing & Communication Department

3.0
  •  posted on 19 Nov 2024

3.0
 for  Salary and Benefits

Likes

Sales business so... income is flexible according to your business

  • Skill development - Good

Dislikes

There are many dislikes.... 1. Salary was not credited by the correct date 2. There are no week off including Sunday working day 3.etc not recommended

read more
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Shriram Life Insurance Cluster Manager Salary FAQs

What is the salary of Cluster Manager at Shriram Life Insurance?
Cluster Manager salary at Shriram Life Insurance in India ranges between ₹3.8 Lakhs to ₹6.5 Lakhs for experience between 8 years to 18 years. According to our estimates it is 46% less than the average Cluster Manager Salary in India. Salary estimates are based on 21 latest salaries received from various employees of Shriram Life Insurance India.
How does the salary of a Cluster Manager at Shriram Life Insurance India compare with the average salary range for this job?
The average salary of a Cluster Manager at Shriram Life Insurance is 46% less than the average salary of a Cluster Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Cluster Manager at Shriram Life Insurance?
agency, Life Insurance, Insurance Sales and Area Management are some of the popular skills required to work as a Cluster Manager at Shriram Life Insurance India.
Which similar companies are paying more than Shriram Life Insurance to a Cluster Manager in India?
  • PNB MetLife Cluster Manager Salary - ₹4.9 Lakhs to ₹17.0 Lakhs per year
  • Tata AIA Life Insurance Cluster Manager Salary - ₹4.5 Lakhs to ₹18.6 Lakhs per year
  • HDFC Ergo General Insurance Cluster Manager Salary - ₹4.1 Lakhs to ₹13.5 Lakhs per year
  • Axis Max Life Insurance Cluster Manager Salary - ₹5.6 Lakhs to ₹14.0 Lakhs per year
  • Bajaj Allianz General Insurance Cluster Manager Salary - ₹4.2 Lakhs to ₹16.5 Lakhs per year
What is the salary of a Cluster Manager in companies similar to Shriram Life Insurance in India?
  • Aditya Birla Sun Life Insurance Cluster Manager Salary - ₹5.2 Lakhs to ₹14.0 Lakhs per year
  • Reliance Nippon Life Insurance Cluster Manager Salary - ₹5.0 Lakhs to ₹16.0 Lakhs per year
  • SBI General Insurance Cluster Manager Salary - ₹4.8 Lakhs to ₹15.3 Lakhs per year
  • HDFC Life Cluster Manager Salary - ₹5.0 Lakhs to ₹12.0 Lakhs per year
  • ICICI Prudential Life Insurance Cluster Manager Salary - ₹6.1 Lakhs to ₹14.0 Lakhs per year
What is the estimated take home salary of a Cluster Manager at Shriram Life Insurance in India?
The estimated take-home salary of a Cluster Manager at Shriram Life Insurance ranges between ₹37,297 per month to ₹38,503 per month in India. The take-home salary calculation is based on the average Shriram Life Insurance Cluster Manager salary in India which ranges between ₹3.8 Lakhs to ₹6.5 Lakhs per year for employees with experience between 8 years to 18 years. Check how did we calculate take home salary?
What is the notice period for Cluster Manager at Shriram Life Insurance?
According to AmbitionBox, 35% of the Shriram Life Insurance Cluster Managers reported a notice period of 1 Month, 26% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

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Shriram Life Insurance Cluster Manager salary in India ranges between ₹3.8 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.

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