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
SBI Life Insurance Company Divisional Manager Salary 13 - 25 years exp. (37 salaries)	₹12 L/yr - ₹25 L/yr 190% more
Bajaj Allianz Life Insurance Divisional Manager Salary 3 - 16 years exp. (6 salaries)	₹3.4 L/yr - ₹9.5 L/yr 10% more
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Kotak Mahindara Life Insurance Divisional Manager Salary 12 - 20 years exp. (9 salaries)	₹14 L/yr - ₹20 L/yr 173% more
Star Health & Allied Insurance Divisional Manager Salary 8 - 17 years exp. (70 salaries)	₹4 L/yr - ₹14.2 L/yr 20% more
Life Insurance Corporation of India Divisional Manager Salary 20 - 33 years exp. (13 salaries)	₹16 L/yr - ₹25 L/yr 197% 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 170% 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

(56 salaries)

₹2.15 L/yr - ₹5 L/yr

Senior Sales Manager Salary

(7 salaries)

₹2.5 L/yr - ₹8 L/yr

Branch Manager Salary

(88 salaries)

₹2.2 L/yr - ₹9.5 L/yr

Area Manager Salary

(42 salaries)

₹3.7 L/yr - ₹11 L/yr

Marketing Manager Salary

(3 salaries)

₹2.75 L/yr - ₹4 L/yr

Relationship Manager Salary

(100 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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Shriram Life Insurance Divisional Manager Salary FAQs

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

Divisional Manager salary at Shriram Life Insurance in India ranges between ₹5.6 Lakhs to ₹9.5 Lakhs for experience between 5 years to 14 years. According to our estimates it is 62% less than the average Divisional Manager Salary in India. Salary estimates are based on 11 latest salaries received from various employees of Shriram Life Insurance India.

How does the salary of a Divisional Manager at Shriram Life Insurance India compare with the average salary range for this job?

The average salary of a Divisional Manager at Shriram Life Insurance is 62% less than the average salary of a Divisional Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Divisional Manager at Shriram Life Insurance?

Branch Management, agency, BW, Beverage and Team Handling are some of the popular skills required to work as a Divisional Manager at Shriram Life Insurance India.

Which similar companies are paying more than Shriram Life Insurance to a Divisional Manager in India?

Life Insurance Corporation of India Divisional Manager Salary - ₹16.0 Lakhs to ₹25.0 Lakhs per year
SBI Life Insurance Company Divisional Manager Salary - ₹12.0 Lakhs to ₹25.0 Lakhs per year
Kotak Mahindara Life Insurance Divisional Manager Salary - ₹14.0 Lakhs to ₹20.0 Lakhs per year
United India Insurance Company Divisional Manager Salary - ₹12.5 Lakhs to ₹23.2 Lakhs per year
The New India Assurance Co. Divisional Manager Salary - ₹10.7 Lakhs to ₹22.0 Lakhs per year

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

The Oriental Insurance Co. Divisional Manager Salary - ₹12.0 Lakhs to ₹13.4 Lakhs per year
Star Health & Allied Insurance Divisional Manager Salary - ₹4.0 Lakhs to ₹14.2 Lakhs per year
Bajaj Allianz Life Insurance Divisional Manager Salary - ₹3.4 Lakhs to ₹9.5 Lakhs per year

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 ranges between ₹50,719 per month to ₹51,915 per month in India. The take-home salary calculation is based on the average Shriram Life Insurance Divisional Manager salary in India which ranges between ₹5.6 Lakhs to ₹9.5 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Divisional Manager at Shriram Life Insurance?

According to AmbitionBox, 59% of the Shriram Life Insurance Divisional Managers reported a notice period of 1 Month, 23% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 17 responses on AmbitionBox in last 2 years.

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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.