Shriram Life Insurance Divisional Manager Salaries by 10+ Employees (Updated 2025)

5 - 14 years exp.

₹5.6 Lakhs - ₹9.5 Lakhs

Salary of majority employees

62% less than the average Divisional Manager Salary in Insurance Companies for 5 - 14 years of experience

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Salaries in different departments

Sales & Business Development Divisional Manager Salary 7 - 14 years exp. (6 salaries)	₹5.6 L/yr - ₹9.5 L/yr
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BFSI, Investments & Trading Divisional Manager Salary 10 - 11 years exp. (3 salaries)	₹5.6 L/yr - ₹6.7 L/yr

Last Updated: 5 Feb 2025

Companies similar to Shriram Life Insurance for Divisional Manager

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Divisional Manager Salary 8 - 17 years exp. (70 salaries)	₹4 L/yr - ₹14 L/yr 18% more
SBI Life Insurance Company Divisional Manager Salary 13 - 25 years exp. (37 salaries)	₹12 L/yr - ₹25 L/yr 190% more
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Life Insurance Corporation of India Divisional Manager Salary 20 - 33 years exp. (13 salaries)	₹16 L/yr - ₹25 L/yr 197% more
Kotak Mahindara Life Insurance Divisional Manager Salary 14 - 20 years exp. (9 salaries)	₹13 L/yr - ₹20 L/yr 166% more
Bajaj Allianz Life Insurance Divisional Manager Salary 3 - 16 years exp. (6 salaries)	₹3.4 L/yr - ₹9.5 L/yr 10% more
The New India Assurance Co. Divisional Manager Salary 12 - 24 years exp. (4 salaries)	₹10.7 L/yr - ₹22 L/yr 138% more
United India Insurance Company Divisional Manager Salary 9 - 13 years exp. (4 salaries)	₹12.5 L/yr - ₹23.2 L/yr 164% more
The Oriental Insurance Co. Divisional Manager Salary 10 - 15 years exp. (3 salaries)	₹12 L/yr - ₹13.4 L/yr 92% more

Divisional Manager salary at Shriram Life Insurance ranges between ₹5.6 Lakhs to ₹9.5 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 11 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance Divisional Manager salaries

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7 L/yr
6 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.5 L/yr
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7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹11.8 L/yr
8 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7 L/yr
9 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹7.5 L/yr
10 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹11.9 L/yr
11 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.5 L/yr
12 years (AmbitionBox Estimate)	₹6 L/yr - ₹7.7 L/yr
13 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹9.5 L/yr
14 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹9 L/yr

View all

Similar Designation salaries in Shriram Life Insurance

Regional Manager Salary

(13 salaries)

₹8 L/yr - ₹22 L/yr

Business Manager Salary

(62 salaries)

₹3 L/yr - ₹5 L/yr

Senior Sales Manager Salary

(7 salaries)

₹2.5 L/yr - ₹8 L/yr

Branch Manager Salary

(91 salaries)

₹2.2 L/yr - ₹9.5 L/yr

Area Manager Salary

(44 salaries)

₹3.7 L/yr - ₹11 L/yr

Marketing Manager Salary

(5 salaries)

₹2.5 L/yr - ₹4.4 L/yr

Relationship Manager Salary

(105 salaries)

₹1.82 L/yr - ₹6.25 L/yr

Deputy Manager Salary

(44 salaries)

₹4 L/yr - ₹10 L/yr

Territory Manager Salary

(9 salaries)

₹3 L/yr - ₹7.2 L/yr

Sales Manager Salary

(112 salaries)

₹1.65 L/yr - ₹7 L/yr

Top skills at Shriram Life Insurance for Divisional Manager

Branch Management agency BW Beverage Team Handling Team Handling Life Insurance Cross Selling Business Development Life Insurance Marking Branch Handling Agency Management Kitchen Insurance Sales

Salary related reviews for Shriram Life Insurance

2.7

Rated by 8 employees for salary & benefits

Sales Executive in Hyderabad / Secunderabad

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.

Salary - Bad

+6 more

Territory Manager in New Delhi

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.

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.

Promotions - Poor

Tele Marketing Executive in Chennai

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

Senior Business Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Mar 2024

1.0

for Salary and Benefits

Likes

Nothing to like

Dislikes

Work culture horrible. HR is not bothered. They dont even respond to your calls .salary deduction is ver high .no security for your job they can remove you anytime.horrible company..even sundays they expect to work.

Salary - Bad

+5 more

Unit Manager in Hubli

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Jun 2023

1.0

for Salary and Benefits

Likes

There is not a single good things about Shriram life insurance Company. Its horrible place for work.

Dislikes

Reckless Boss, after joining 1st month salary provided after that No salary no response from HR, your attendance doesn't matters. If they wish then only you will get salary. One of the worst experience I had in 6months.

Salary - Bad

+6 more

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a manager - business analyst

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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Shriram Life Insurance Divisional Manager Salary FAQs

What is the salary of Divisional Manager at Shriram Life Insurance ?

The average salary of a Divisional Manager at Shriram Life Insurance in India typically ranges from ₹5.6 Lakhs to ₹9.5 Lakhs per year, depending on experience (from 5 years to 14 years).

The top 10% of Divisional Manager at Shriram Life Insurance earn more than ₹9.2 Lakhs per year, and the top 1% earn over ₹9.5 Lakhs per year. Divisional Manager Salaries at Shriram Life 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+ Shriram Life Insurance employees in India.

What is the estimated take home salary of a Divisional Manager at Shriram Life Insurance in India?

The estimated take-home salary of a Divisional Manager at Shriram Life Insurance in India typically ranges from ₹50,719 to ₹51,915 per month. This is based on the average salary range of ₹5.6 Lakhs to ₹9.5 Lakhs per year for employees with experience ranging from 5 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 10+ salaries received from various employees of Shriram Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Divisional Manager at Shriram Life Insurance ?

To be a Divisional Manager at Shriram Life Insurance in india, the key skills required include:

- Branch Management
- agency
- BW
- Beverage
- Team Handling

These skills are highly valued at Shriram Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Shriram Life Insurance for Divisional Manager in India?

Life Insurance Corporation of India	₹16.0 Lakhs to ₹25.0 Lakhs per year
SBI Life Insurance Company	₹12.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance	₹13.0 Lakhs to ₹20.0 Lakhs per year
United India Insurance Company	₹12.5 Lakhs to ₹23.2 Lakhs per year
The New India Assurance Co.	₹10.7 Lakhs to ₹22.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Shriram Life Insurance, depending on the role and experience level.

What is the salary of a Divisional Manager in companies similar to Shriram Life Insurance in India?

The salary of a Divisional Manager at companies similar to Shriram Life Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

The Oriental Insurance Co.	₹12.0 Lakhs to ₹13.4 Lakhs per year
Star Health & Allied Insurance	₹4.0 Lakhs to ₹14.0 Lakhs per year
Bajaj Allianz Life Insurance	₹3.4 Lakhs to ₹9.5 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 Divisional Manager at Shriram Life Insurance in India?

The salary growth for a Divisional Manager at Shriram Life Insurance depends on factors such as experience, performance, and promotions. On average, a Divisional Manager can expect the following growth trajectory at Shriram Life Insurance:

Experience	Average Salary Range
5 years	₹2.6 Lakhs to ₹7.0 Lakhs per year
6 years	₹5.9 Lakhs to ₹7.5 Lakhs per year
7 years	₹5.6 Lakhs to ₹11.8 Lakhs per year
8 years	₹5.6 Lakhs to ₹7.0 Lakhs per year

and so on.

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Shriram Life Insurance Divisional Manager Salaries

Shriram Life Insurance Divisional Manager salary in India ranges between ₹5.6 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.