Shriram Life Insurance Senior Divisional Manager Salaries by 4 Employees (Updated 2024)

10 - 20 years exp.

₹8 Lakhs - ₹10 Lakhs

Low Confidence

Salary of majority employees

40% less than the average Senior Divisional Manager Salary in Insurance Companies for 10 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Divisional Manager Salary 19 - 20 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹11 L/yr
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Sales & Business Development Senior Divisional Manager Salary 10 - 18 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹10 L/yr

Last Updated: 12 Nov 2024

Companies similar to Shriram Life Insurance for Senior Divisional Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Senior Divisional Manager Salary 14 - 25 years exp. (24 salaries)	₹15 L/yr - ₹28.8 L/yr 129% more
Kotak Mahindara Life Insurance Senior Divisional Manager Salary 15 - 23 years exp. (6 salaries)	₹22 L/yr - ₹27 L/yr 151% more
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Star Health & Allied Insurance Senior Divisional Manager Salary 6 - 20 years exp. (18 salaries)	₹5.9 L/yr - ₹13.4 L/yr 13% less
United India Insurance Company Senior Divisional Manager Salary 15 - 32 years exp. (9 salaries)	₹13 L/yr - ₹21.1 L/yr 89% more
The New India Assurance Co. Senior Divisional Manager Salary 21 - 33 years exp. (5 salaries)	₹16 L/yr - ₹35 L/yr 179% more
Life Insurance Corporation of India Senior Divisional Manager Salary 31 - 33 years exp. (3 salaries)	₹24 L/yr - ₹31.2 L/yr 216% more

Senior Divisional Manager salary at Shriram Life Insurance ranges between ₹8 Lakhs to ₹10 Lakhs per year for employees with experience between 10 years to 20 years. Salary estimates are based on 4 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance Senior Divisional Manager salaries

Last Updated: 12 Nov 2024

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
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12 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
13 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
14 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11.1 L/yr
15+ years (3 salaries)	₹8 L/yr - ₹10 L/yr

View all

Similar Designation salaries in Shriram Life Insurance

Senior Relationship Manager Salary

(18 salaries)

₹2.8 L/yr - ₹8.6 L/yr

Regional Manager Salary

(10 salaries)

₹8 L/yr - ₹18 L/yr

Territory Manager Salary

(9 salaries)

₹3 L/yr - ₹7.2 L/yr

Assistant General Manager Salary

(15 salaries)

₹9 L/yr - ₹27.75 L/yr

Relationship Manager Salary

(99 salaries)

₹1.82 L/yr - ₹6.25 L/yr

Branch Manager Salary

(69 salaries)

₹3 L/yr - ₹10 L/yr

Area Sales Manager Salary

(18 salaries)

₹1.8 L/yr - ₹6 L/yr

Area Manager Salary

(43 salaries)

₹3.7 L/yr - ₹11 L/yr

Sales Manager Salary

(98 salaries)

₹1.65 L/yr - ₹5 L/yr

Cluster Manager Salary

(21 salaries)

₹3.8 L/yr - ₹6.5 L/yr

Salary related reviews for Shriram Life Insurance

3.0

Rated by 1 employees for salary & benefits

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.

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.

Cluster Manager in Mirzapur

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.

Dislikes

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

Senior Relationship Manager in Hyderabad / Secunderabad

Human Resources Department

1.0

• posted on 13 Feb 2022

1.0

for Salary and Benefits

Likes

Nothing, it was the worst experience for me and when it comes growth , so there is no career growth in this company

Dislikes

Nothing one of the poor company with less benefits in increment , bonus and salary too, very poor culture, use bad language with employees, shows there partiality, politics is there, don’t provide transportation after 5:30 and many more

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.

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.

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

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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Shriram Life Insurance Senior Divisional Manager Salary FAQs

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

Senior Divisional Manager salary at Shriram Life Insurance in India ranges between ₹8.0 Lakhs to ₹10.0 Lakhs for experience between 10 years to 20 years. According to our estimates it is 40% less than the average Senior Divisional Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Shriram Life Insurance India.

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

The average salary of a Senior Divisional Manager at Shriram Life Insurance is 40% less than the average salary of a Senior Divisional Manager in India. To know exact salary insights, login to view.

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

Life Insurance Corporation of India Senior Divisional Manager Salary - ₹24.0 Lakhs to ₹31.2 Lakhs per year
The New India Assurance Co. Senior Divisional Manager Salary - ₹16.0 Lakhs to ₹35.0 Lakhs per year
Kotak Mahindara Life Insurance Senior Divisional Manager Salary - ₹22.0 Lakhs to ₹27.0 Lakhs per year
SBI Life Insurance Company Senior Divisional Manager Salary - ₹15.0 Lakhs to ₹28.8 Lakhs per year
United India Insurance Company Senior Divisional Manager Salary - ₹13.0 Lakhs to ₹21.1 Lakhs per year

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

Star Health & Allied Insurance Senior Divisional Manager Salary - ₹5.9 Lakhs to ₹13.4 Lakhs per year

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

The estimated take-home salary of a Senior Divisional Manager at Shriram Life Insurance ranges between ₹69,347 per month to ₹71,128 per month in India. The take-home salary calculation is based on the average Shriram Life Insurance Senior Divisional Manager salary in India which ranges between ₹8.0 Lakhs to ₹10.0 Lakhs per year for employees with experience between 10 years to 20 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Shriram Life Insurance Senior Divisional Managers reported a notice period of 1 Month, 33% reported a notice period of 15 days or less.This is based on 6 responses on AmbitionBox in last 2 years.

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Shriram Life Insurance Senior Divisional Manager Salaries

Shriram Life Insurance Senior Divisional Manager salary in India ranges between ₹8 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.