Bajaj Allianz General Insurance Territory Manager Salaries by 200+ Employees (Updated 2025)

2 - 14 years exp.

₹2.6 Lakhs - ₹7 Lakhs

Salary of majority employees

31% less than the average Territory Manager Salary in Insurance Companies for 2 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading Territory Manager Salary 2 - 14 years exp. (111 salaries)	₹2.6 L/yr - ₹6.8 L/yr
Sales & Business Development Territory Manager Salary 2 - 14 years exp. (96 salaries)	₹2.8 L/yr - ₹7 L/yr
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Marketing & Communication Territory Manager Salary 2 - 12 years exp. (29 salaries)	₹3 L/yr - ₹6.5 L/yr
Customer Success, Service & Operations Territory Manager Salary 4 - 14 years exp. (10 salaries)	₹4.2 L/yr - ₹5.5 L/yr

Last Updated: 28 Feb 2025

Companies similar to Bajaj Allianz General Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (42 salaries)	₹5.6 L/yr - ₹14 L/yr 75% more
HDFC Ergo General Insurance Territory Manager Salary 5 - 18 years exp. (18 salaries)	₹4 L/yr - ₹10 L/yr 34% more
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Reliance General Insurance Territory Manager Salary 8 - 20 years exp. (40 salaries)	₹6.5 L/yr - ₹13 L/yr 93% more
Tata AIG Territory Manager Salary 3 - 8 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 4% less
Bharti AXA Life Insurance Territory Manager Salary 5 - 10 years exp. (3 salaries)	₹5.8 L/yr - ₹7.5 L/yr 30% more
PNB MetLife Territory Manager Salary 4 - 17 years exp. (266 salaries)	₹4.5 L/yr - ₹10.3 L/yr 47% more
HDFC Life Territory Manager Salary 9 - 20 years exp. (229 salaries)	₹10.9 L/yr - ₹21 L/yr 175% more
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 20 years exp. (227 salaries)	₹3.7 L/yr - ₹9.2 L/yr 22% more
Star Union Dai-ichi Life Insurance Territory Manager Salary 5 - 14 years exp. (161 salaries)	₹4.9 L/yr - ₹11.3 L/yr 32% more
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (100 salaries)	₹4 L/yr - ₹12 L/yr 37% more
SBI Life Insurance Company Territory Manager Salary 4 - 15 years exp. (100 salaries)	₹4 L/yr - ₹7 L/yr 3% more
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Tata AIA Life Insurance Territory Manager Salary 5 - 14 years exp. (76 salaries)	₹5.5 L/yr - ₹10.5 L/yr 53% more	3 job openings
Niva Bupa Health Insurance Company Territory Manager Salary 9 - 17 years exp. (43 salaries)	₹5 L/yr - ₹12.2 L/yr 67% more
Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (42 salaries)	₹7.2 L/yr - ₹17 L/yr 156% more
Max Life Insurance Territory Manager Salary 10 - 18 years exp. (39 salaries)	₹7.5 L/yr - ₹19 L/yr 159% more
Canara HSBC Life Insurance Territory Manager Salary 5 - 14 years exp. (31 salaries)	₹4.5 L/yr - ₹8.1 L/yr 29% more
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 13 years exp. (11 salaries)	₹6 L/yr - ₹9 L/yr 33% more
Shriram Life Insurance Territory Manager Salary 3 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7.2 L/yr 14% less
ICICI Prudential Life Insurance Territory Manager Salary 7 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹6.2 L/yr 12% more
SBI General Insurance Territory Manager Salary 16 - 20 years exp. (4 salaries)	₹5.2 L/yr - ₹9.3 L/yr 20% more

Territory Manager salary at Bajaj Allianz General Insurance ranges between ₹2.6 Lakhs to ₹7 Lakhs per year for employees with experience between 2 years to 14 years. Salary estimates are based on 286 latest salaries received from various employees of Bajaj Allianz General Insurance.

Experience wise Bajaj Allianz General Insurance Territory Manager salaries

Last Updated: 28 Feb 2025

Experience	Avg Annual Salary
2 years (15 salaries)	₹2.8 L/yr - ₹5 L/yr
3 years (33 salaries)	₹2.6 L/yr - ₹5.4 L/yr
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4 years (32 salaries)	₹2.6 L/yr - ₹6.3 L/yr
5 years (33 salaries)	₹2.8 L/yr - ₹6.6 L/yr
6 years (26 salaries)	₹3.1 L/yr - ₹6.6 L/yr
7 years (23 salaries)	₹3 L/yr - ₹6.3 L/yr
8 years (31 salaries)	₹3.2 L/yr - ₹6.5 L/yr
9 years (14 salaries)	₹3.3 L/yr - ₹6.5 L/yr
10 years (28 salaries)	₹3.1 L/yr - ₹7 L/yr
11 years (21 salaries)	₹3.1 L/yr - ₹7 L/yr
12 years (16 salaries)	₹3.5 L/yr - ₹7 L/yr
13 years (6 salaries)	₹3.6 L/yr - ₹10.4 L/yr
14 years (8 salaries)	₹4.8 L/yr - ₹6.3 L/yr

View all

Similar Designation salaries in Bajaj Allianz General Insurance

Territory Sales Manager Salary

(34 salaries)

₹2.6 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(165 salaries)

₹7.25 L/yr - ₹16 L/yr

Senior Territory Manager Salary

(12 salaries)

₹4.8 L/yr - ₹7.2 L/yr

Area Manager Salary

(16 salaries)

₹5.15 L/yr - ₹18 L/yr

Territory Business Manager Salary

(3 salaries)

₹4.2 L/yr - ₹5.8 L/yr

Area Sales Manager Salary

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₹3 L/yr - ₹12 L/yr

Sales Manager Salary

(473 salaries)

₹1.8 L/yr - ₹6.75 L/yr

Senior Sales Manager Salary

(233 salaries)

₹3 L/yr - ₹9 L/yr

Relationship Manager Salary

(334 salaries)

₹1.65 L/yr - ₹6.5 L/yr

Territory Sales Executive Salary

(4 salaries)

₹1.8 L/yr - ₹6 L/yr

Top skills at Bajaj Allianz General Insurance for Territory Manager

Product Portfolio Relationship Insurance Specifications Retail Sales Strategy Customer Relationship Profitability Territory Management Customer Centric Dealing Sales territory Marketing channel

Salary related reviews for Bajaj Allianz General Insurance

3.9

Rated by 113 employees for salary & benefits

Territory Manager in Kolkata

Full Time

Other Department

1.0

• posted on 27 Feb 2025

5.0

for Salary and Benefits

Likes

1. Process and Applications 2. Salary on time 3.You Can Apply Advance Salary(if Required) 4. Zonal Hr(Ipshita Ma'am) so Helpful, Other Hr just following management order just like puppet. 5.Banca Channels are good.

Salary - Excellent

Dislikes

1. Retail Team has worst Culture Specially in Kolkata Zone. 2. No Work life balance. 3. Don't in Susanta Bose and Prakash Gupta's Team(if you don't want to Destroy your career) 4.terrible micro management culture. 5.Leave Managements are poor. 6.Zero Work life Balance. 7. Zero Job Security,they even issue PIP after Regisn. Bekar Management Policies, Retail Channel meh jana maat,Specially Channel like Growth Markets

Job security - Bad

+3 more

Territory Manager in Etah

Sales & Business Development Department

2.0

• posted on 29 Dec 2019

2.0

for Salary and Benefits

Likes

...team membears. 3. job security I am not satisfied always cap letter is neck. 4.salary is good... 5.most of harm work-life balance is too bad you can not give your time Your family....

Skill development - Good

Dislikes

HR Formelities is too bad. HR is very weak. joing to exit you have to fill all the things without any help. If you joined then Your frist salary come after 3 months. Work life balance , politics is too much between staff members.....

Salary - Poor

+4 more

Territory Manager in Guwahati

Sales & Business Development Department

5.0

• posted on 02 May 2019

5.0

for Salary and Benefits

Likes

...and everyone is aware of. Work culture is good. Teammates and boss are fabulous. Career growth is high salary and appraisal are also good. I have learnt many thing here in Bajaj Allianz. Work-life is perfectly balanced here

Salary - Excellent

+6 more

Dislikes

There are no dislike till now

Territory Manager

Sales & Business Development Department

4.0

• posted on 27 Oct 2018

5.0

for Salary and Benefits

Likes

Work life balance is very good, easy leaves, good salary, very transparent process.

Salary - Excellent

+3 more

Dislikes

Very strict underwriting guidelines which makes it difficult to generate business, high incentive but so many criterias otherwise no incentive, targets keep on mounting every three months, reimbursement of expenses is difficult.

Job security - Poor

Territory Manager in Madurai

Virtual Office Department

3.0

• posted on 09 Mar 2018

3.0

for Salary and Benefits

Likes

BAGIC Provides lot of quality products to customers. Salary for employee is gud but they dont give allowence & reimburse all things.

Dislikes

Virtual Office department is very too worst there was no support for employee to do business ,dont expect business without company support. I was affected by this reason and ends this Job as Insecurity .

Skill development - Poor

+3 more

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Bajaj Allianz General Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at Bajaj Allianz General Insurance?

Territory Manager salary at Bajaj Allianz General Insurance in India ranges between ₹2.6 Lakhs to ₹7.0 Lakhs for experience between 2 years to 14 years. According to our estimates it is 31% less than the average Territory Manager Salary in India. Salary estimates are based on 286 latest salaries received from various employees of Bajaj Allianz General Insurance India.

How does the salary of a Territory Manager at Bajaj Allianz General Insurance India compare with the average salary range for this job?

The average salary of a Territory Manager at Bajaj Allianz General Insurance is 31% less than the average salary of a Territory Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Territory Manager at Bajaj Allianz General Insurance?

Product Portfolio, Relationship, Insurance, Specifications and Retail are some of the popular skills required to work as a Territory Manager at Bajaj Allianz General Insurance India.

Which similar companies are paying more than Bajaj Allianz General Insurance to a Territory Manager in India?

HDFC Life Territory Manager Salary - ₹10.9 Lakhs to ₹21.0 Lakhs per year
Max Life Insurance Territory Manager Salary - ₹7.5 Lakhs to ₹19.0 Lakhs per year
Star Health & Allied Insurance Territory Manager Salary - ₹7.2 Lakhs to ₹17.0 Lakhs per year
Reliance General Insurance Territory Manager Salary - ₹6.5 Lakhs to ₹13.0 Lakhs per year
ICICI Lombard General Insurance Company Territory Manager Salary - ₹5.6 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Territory Manager in companies similar to Bajaj Allianz General Insurance in India?

Niva Bupa Health Insurance Company Territory Manager Salary - ₹5.0 Lakhs to ₹12.2 Lakhs per year
Tata AIA Life Insurance Territory Manager Salary - ₹5.5 Lakhs to ₹10.5 Lakhs per year
PNB MetLife Territory Manager Salary - ₹4.5 Lakhs to ₹10.3 Lakhs per year
Reliance Nippon Life Insurance Territory Manager Salary - ₹4.0 Lakhs to ₹12.0 Lakhs per year
HDFC Ergo General Insurance Territory Manager Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year

What is the estimated take home salary of a Territory Manager at Bajaj Allianz General Insurance in India?

The estimated take-home salary of a Territory Manager at Bajaj Allianz General Insurance ranges between ₹39,167 per month to ₹40,344 per month in India. The take-home salary calculation is based on the average Bajaj Allianz General Insurance Territory Manager salary in India which ranges between ₹2.6 Lakhs to ₹7.0 Lakhs per year for employees with experience between 2 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Territory Manager at Bajaj Allianz General Insurance?

According to AmbitionBox, 48% of the Bajaj Allianz General Insurance Territory Managers reported a notice period of 3 Months, 28% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 176 responses on AmbitionBox in last 2 years.

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Bajaj Allianz General Insurance Territory Manager Salaries by Location

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Bajaj Allianz General Insurance Territory Manager Salaries

Bajaj Allianz General Insurance Territory Manager salary in India ranges between ₹2.6 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 286 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.

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Bajaj Allianz General Insurance Territory Manager salaries in India (Updated 2025)

Companies similar to Bajaj Allianz General Insurance for Territory Manager

Latest annual salaries shared by Bajaj Allianz General Insurance Territory Manager

Experience wise Bajaj Allianz General Insurance Territory Manager salaries

Similar Designation salaries in Bajaj Allianz General Insurance

Top skills at Bajaj Allianz General Insurance for Territory Manager

Salary related reviews for Bajaj Allianz General Insurance

Territory Manager in Kolkata

Territory Manager in Etah

Territory Manager in Guwahati

Territory Manager

Territory Manager in Madurai

Bajaj Allianz General Insurance Territory Manager Salary FAQs

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Bajaj Allianz General Insurance Territory Manager Salaries by Location