Bajaj Allianz General Insurance Territory Manager Salaries by 100+ Employees (Updated 2025)

2 - 14 years exp.

₹2.6 Lakhs - ₹7 Lakhs

Avg. annual salary

Monthly In-hand Salary

32% 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. (58 salaries)	₹2.6 L/yr - ₹6.8 L/yr
Sales & Business Development Territory Manager Salary 2 - 14 years exp. (55 salaries)	₹2.8 L/yr - ₹7 L/yr
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Marketing & Communication Territory Manager Salary 2 - 11 years exp. (21 salaries)	₹3 L/yr - ₹5.7 L/yr
Customer Success, Service & Operations Territory Manager Salary 4 - 14 years exp. (5 salaries)	₹4.2 L/yr - ₹5.5 L/yr

Last Updated: 20 Jan 2025

Companies similar to Bajaj Allianz General Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Territory Manager Salary 4 - 17 years exp. (266 salaries)	₹4.3 L/yr - ₹10.3 L/yr 48% more	6 job openings
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 23 years exp. (222 salaries)	₹3.7 L/yr - ₹8.5 L/yr 28% more	2 job openings
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Star Union Dai-ichi Life Insurance Territory Manager Salary 5 - 14 years exp. (171 salaries)	₹4.4 L/yr - ₹11.1 L/yr 35% more
HDFC Life Territory Manager Salary 9 - 20 years exp. (150 salaries)	₹11.3 L/yr - ₹21 L/yr 189% more
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (100 salaries)	₹4 L/yr - ₹12 L/yr 40% more
SBI Life Insurance Company Territory Manager Salary 4 - 16 years exp. (110 salaries)	₹4 L/yr - ₹7.1 L/yr 9% more
Tata AIA Life Insurance Territory Manager Salary 5 - 10 years exp. (57 salaries)	₹5.2 L/yr - ₹10.5 L/yr 55% more
Niva Bupa Health Insurance Company Territory Manager Salary 9 - 17 years exp. (43 salaries)	₹5 L/yr - ₹12.2 L/yr 61% more
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (42 salaries)	₹5.6 L/yr - ₹14 L/yr 79% more
Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (42 salaries)	₹7.2 L/yr - ₹17 L/yr 162% more
Reliance General Insurance Territory Manager Salary 8 - 20 years exp. (40 salaries)	₹6.5 L/yr - ₹13 L/yr 97% more
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Axis Max Life Insurance Territory Manager Salary 10 - 18 years exp. (39 salaries)	₹7.5 L/yr - ₹19 L/yr 162% more
Canara HSBC Life Insurance Territory Manager Salary 5 - 14 years exp. (31 salaries)	₹4.5 L/yr - ₹8.1 L/yr 32% more
HDFC Ergo General Insurance Territory Manager Salary 5 - 18 years exp. (18 salaries)	₹4 L/yr - ₹10 L/yr 37% more
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 13 years exp. (11 salaries)	₹6 L/yr - ₹9 L/yr 34% more
Shriram Life Insurance Territory Manager Salary 3 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7.2 L/yr 12% less
ICICI Prudential Life Insurance Territory Manager Salary 7 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹6.2 L/yr 14% more
SBI General Insurance Territory Manager Salary 16 - 20 years exp. (4 salaries)	₹5.2 L/yr - ₹9.3 L/yr 23% more
Tata AIG Territory Manager Salary 3 - 8 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 2% less

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 165 latest salaries received from various employees of Bajaj Allianz General Insurance.

Latest annual salaries shared by Bajaj Allianz General Insurance Territory Manager

2mo ago

₹5.8 Lakhs

8 years exp.

3mo ago

₹4.4 Lakhs

10 years exp.

3mo ago

₹5.1 Lakhs

11 years exp.

4mo ago

₹6.8 Lakhs

12 years exp.

5mo ago

₹7 Lakhs

12 years exp.

5mo ago

6 years exp.

6mo ago

12 years exp.

6mo ago

3 years exp.

7mo ago

11 years exp.

7mo ago

6 years exp.

Experience wise Bajaj Allianz General Insurance Territory Manager salaries

Last Updated: 20 Jan 2025

Experience	Avg Annual Salary
2 years (9 salaries)	₹2.8 L/yr - ₹4.6 L/yr
3 years (20 salaries)	₹2.6 L/yr - ₹5.2 L/yr
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4 years (19 salaries)	₹3 L/yr - ₹6.3 L/yr
5 years (25 salaries)	₹2.8 L/yr - ₹6.7 L/yr
6 years (9 salaries)	₹3.1 L/yr - ₹5.3 L/yr
7 years (14 salaries)	₹3 L/yr - ₹6 L/yr
8 years (20 salaries)	₹3.2 L/yr - ₹6 L/yr
9 years (7 salaries)	₹3.3 L/yr - ₹6 L/yr
10 years (14 salaries)	₹3.1 L/yr - ₹6 L/yr
11 years (11 salaries)	₹3.4 L/yr - ₹7 L/yr
12 years (12 salaries)	₹3.5 L/yr - ₹7 L/yr
13 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
14 years (3 salaries)	₹5.2 L/yr - ₹6 L/yr

View all

Similar Designation salaries in Bajaj Allianz General Insurance

Territory Sales Manager Salary

(31 salaries)

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Deputy Manager Salary

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₹7.25 L/yr - ₹16 L/yr

Senior Territory Manager Salary

(12 salaries)

₹4.8 L/yr - ₹7.2 L/yr

Area Manager Salary

(18 salaries)

₹4.31 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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Sales Manager Salary

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₹1.8 L/yr - ₹7 L/yr

Senior Sales Manager Salary

(226 salaries)

₹3 L/yr - ₹8.2 L/yr

Relationship Manager Salary

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₹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 114 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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Salary Discussions, Hike & Promotions

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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Bajaj Allianz General Insurance Territory Manager Salary FAQs

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

The average salary of a Territory Manager at Bajaj Allianz General Insurance in India typically ranges from ₹2.6 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 2 years to 14 years).

The top 10% of Territory Manager at Bajaj Allianz General Insurance earn more than ₹5.8 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Territory Manager Salaries at Bajaj Allianz General 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 100+ Bajaj Allianz General Insurance employees in India.

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 in India typically ranges from ₹38,202 to ₹39,394 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 2 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 100+ salaries received from various employees of Bajaj Allianz General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Territory Manager at Bajaj Allianz General Insurance ?

To be a Territory Manager at Bajaj Allianz General Insurance in india, the key skills required include:

- Product Portfolio
- Relationship
- Insurance
- Specifications
- Retail

These skills are highly valued at Bajaj Allianz General Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Bajaj Allianz General Insurance for Territory Manager in India?

HDFC Life	₹11.3 Lakhs to ₹21.0 Lakhs per year
Axis Max Life Insurance	₹7.5 Lakhs to ₹19.0 Lakhs per year
Star Health & Allied Insurance	₹7.2 Lakhs to ₹17.0 Lakhs per year
Reliance General Insurance	₹6.5 Lakhs to ₹13.0 Lakhs per year
ICICI Lombard General Insurance Company	₹5.6 Lakhs to ₹14.0 Lakhs per year

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

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

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

Niva Bupa Health Insurance Company	₹5.0 Lakhs to ₹12.2 Lakhs per year
Tata AIA Life Insurance	₹5.2 Lakhs to ₹10.5 Lakhs per year
PNB MetLife	₹4.3 Lakhs to ₹10.3 Lakhs per year
Reliance Nippon Life Insurance	₹4.0 Lakhs to ₹12.0 Lakhs per year
HDFC Ergo General Insurance	₹4.0 Lakhs to ₹10.0 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 Territory Manager at Bajaj Allianz General Insurance in India?

The salary growth for a Territory Manager at Bajaj Allianz General Insurance depends on factors such as experience, performance, and promotions. On average, a Territory Manager can expect the following growth trajectory at Bajaj Allianz General Insurance:

Experience	Average Salary Range
2 years	₹2.8 Lakhs to ₹4.6 Lakhs per year
3 years	₹2.6 Lakhs to ₹5.2 Lakhs per year
4 years	₹3.0 Lakhs to ₹6.3 Lakhs per year
5 years	₹2.8 Lakhs to ₹6.7 Lakhs per year

and so on.

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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 165 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.

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