Shriram Life Insurance Process Associate Salaries by 10 Employees

0 - 5 years exp.

₹1.5 Lakh - ₹2.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

35% less than the average Process Associate Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Process Associate Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹2.5 L/yr
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Finance & Accounting Process Associate Salary 0 - 5 years exp. (5 salaries)	₹1.5 L/yr - ₹2.2 L/yr

Last Updated: 15 Mar 2023

Companies similar to Shriram Life Insurance for Process Associate

Company name	Avg Annual Salary	Open Jobs
Gallagher Process Associate Salary 0 - 4 years exp. (1.4k salaries)	₹1.1 L/yr - ₹6 L/yr 47% more
First American Title Process Associate Salary 1 - 3 years exp. (189 salaries)	₹1.5 L/yr - ₹4 L/yr 33% more
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HDFC Life Process Associate Salary 0 - 4 years exp. (26 salaries)	₹1.5 L/yr - ₹3.1 L/yr 8% more
MetLife Process Associate Salary 0 - 5 years exp. (24 salaries)	₹1.8 L/yr - ₹3.5 L/yr 43% more
Principal Global Services Process Associate Salary 1 - 8 years exp. (23 salaries)	₹2.5 L/yr - ₹6 L/yr 119% more
Axis Max Life Insurance Process Associate Salary 0 - 6 years exp. (15 salaries)	₹2 L/yr - ₹3.3 L/yr 27% more
SBI Life Insurance Company Process Associate Salary 1 - 5 years exp. (12 salaries)	₹1.2 L/yr - ₹3.5 L/yr 23% more
ICICI Prudential Life Insurance Process Associate Salary 0 - 6 years exp. (10 salaries)	₹2.5 L/yr - ₹6 L/yr 89% more
ICICI Lombard General Insurance Company Process Associate Salary 0 - 6 years exp. (9 salaries)	₹2.2 L/yr - ₹3 L/yr 24% more
HDFC Ergo General Insurance Process Associate Salary 1 - 6 years exp. (7 salaries)	₹2.6 L/yr - ₹5 L/yr 57% more
Allianz Process Associate Salary 2 - 8 years exp. (6 salaries)	₹3.5 L/yr - ₹4.2 L/yr 90% more
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AIG Process Associate Salary 1 - 5 years exp. (6 salaries)	₹3 L/yr - ₹4.5 L/yr 80% more
Aditya Birla Sun Life Insurance Process Associate Salary 1 - 4 years exp. (5 salaries)	₹2.6 L/yr - ₹4.7 L/yr 76% more
Bajaj Allianz Life Insurance Process Associate Salary 4 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹3.2 L/yr 17% more
AON Global Insurance Brokers Process Associate Salary 1 - 4 years exp. (4 salaries)	₹1.5 L/yr - ₹2.4 L/yr 6% less
Bajaj Allianz General Insurance Process Associate Salary 1 - 6 years exp. (4 salaries)	₹2.3 L/yr - ₹4.2 L/yr 44% more
AXA Process Associate Salary 0 - 4 years exp. (4 salaries)	₹3 L/yr - ₹4.5 L/yr 76% more
Kotak Mahindara Life Insurance Process Associate Salary 2 - 5 years exp. (5 salaries)	₹1.8 L/yr - ₹4 L/yr 15% more
Star Health & Allied Insurance Process Associate Salary 0 - 5 years exp. (4 salaries)	₹2.1 L/yr - ₹3.5 L/yr 27% more

Process Associate salary at Shriram Life Insurance ranges between ₹1.5 Lakh to ₹2.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 10 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance Process Associate salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹2.1 L/yr
1 year (4 salaries)	₹1.5 L/yr - ₹2.5 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.2 L/yr
3 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.3 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹3.7 L/yr
5 years (AmbitionBox Estimate)	₹0.8 L/yr - ₹2.2 L/yr

View all

Similar Designation salaries in Shriram Life Insurance

Senior Associate Salary

(14 salaries)

₹2.35 L/yr - ₹3.2 L/yr

Senior Process Associate Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Account Assistant Salary

(3 salaries)

₹1.8 L/yr - ₹3.4 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Accounts Officer Salary

(AmbitionBox Estimate)

₹3 L/yr - ₹3.8 L/yr

Accountant Salary

(5 salaries)

₹2 L/yr - ₹4.8 L/yr

Finance Executive Salary

(6 salaries)

₹2 L/yr - ₹3.15 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 L/yr

Accounting Staff Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Management Trainee Salary

(4 salaries)

₹2 L/yr - ₹9.15 L/yr

Salary related reviews for Shriram Life Insurance

Relationship Manager in Hyderabad / Secunderabad

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.

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.

Skill development - Poor

+4 more

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

Accounts Receivable Executive in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 02 May 2023

4.0

for Salary and Benefits

Likes

I like the work culture and friendly environment with each and every single people and cultural activities are good.

Salary - Good

+6 more

Dislikes

Salaries are less compared to other companies, so push HR in starting itself for ur salary and salary deductions are high these are he dislikes. I felt !

see more salary related reviews

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Shriram Life Insurance Process Associate Salary FAQs

What is the salary of Process Associate at Shriram Life Insurance ?

The average salary of a Process Associate at Shriram Life Insurance in India typically ranges from ₹1.5 Lakhs to ₹2.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Process Associate at Shriram Life Insurance earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹2.5 Lakhs per year. Process Associate 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 Process Associate at Shriram Life Insurance in India?

The estimated take-home salary of a Process Associate at Shriram Life Insurance in India typically ranges from ₹14,066 to ₹15,553 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.5 Lakhs per year for employees with experience ranging from Fresher to 5 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.

Which companies offer higher salaries than Shriram Life Insurance for Process Associate in India?

Principal Global Services	₹2.5 Lakhs to ₹6.0 Lakhs per year
Allianz	₹3.5 Lakhs to ₹4.2 Lakhs per year
ICICI Prudential Life Insurance	₹2.5 Lakhs to ₹6.0 Lakhs per year
AIG	₹3.0 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.6 Lakhs to ₹4.7 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 Process Associate in companies similar to Shriram Life Insurance in India?

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

AXA	₹3.0 Lakhs to ₹4.5 Lakhs per year
HDFC Ergo General Insurance	₹2.6 Lakhs to ₹5.0 Lakhs per year
Gallagher	₹1.1 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz General Insurance	₹2.3 Lakhs to ₹4.2 Lakhs per year
MetLife	₹1.8 Lakhs to ₹3.5 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 Process Associate at Shriram Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.0 Lakhs to ₹2.1 Lakhs per year
1 year	₹1.5 Lakhs to ₹2.5 Lakhs per year
2 years	₹0.8 Lakhs to ₹2.2 Lakhs per year
3 years	₹1.8 Lakhs to ₹2.3 Lakhs per year

and so on.

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Shriram Life Insurance Process Associate Salaries

Shriram Life Insurance Process Associate salary in India ranges between ₹1.5 Lakh to ₹2.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.