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

Annual salary range
7 - 18 years exp.
₹6.1 Lakhs - ₹12.1 Lakhs
Salary of majority employees
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7% less than the average Senior Territory Manager Salary in Insurance Companies for 7 - 18 years of experience

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Salaries in different departments

Sales & Business Development
Senior Territory Manager Salary
7 - 18 years exp. (53 salaries)
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₹6.5 L/yr - ₹10.5 L/yr

BFSI, Investments & Trading
Senior Territory Manager Salary
8 - 18 years exp. (43 salaries)
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₹6.1 L/yr - ₹14.3 L/yr

Marketing & Communication
Senior Territory Manager Salary
8 - 16 years exp. (5 salaries)
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₹6.5 L/yr - ₹8 L/yr

Customer Success, Service & Operations
Senior Territory Manager Salary
12 - 14 years exp. (AmbitionBox Estimate)
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₹8 L/yr - ₹8.5 L/yr

Last Updated: 1 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Senior Territory Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Senior Territory Manager Salary

6 - 15 years exp. (35 salaries)

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₹4.2 L/yr - ₹16 L/yr

arrow icon 12% more
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₹5.3 L/yr - ₹7 L/yr

arrow icon 21% less
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₹3.7 L/yr - ₹16 L/yr

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₹6.4 L/yr - ₹8 L/yr

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₹6.5 L/yr - ₹14 L/yr

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PNB MetLife Senior Territory Manager Salary

8 - 18 years exp. (78 salaries)

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₹7 L/yr - ₹13 L/yr

arrow icon 28% more
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₹4.8 L/yr - ₹7.2 L/yr

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₹15.5 L/yr - ₹22 L/yr

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₹4.7 L/yr - ₹10.5 L/yr

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Senior Territory Manager salary at Bajaj Allianz Life Insurance ranges between ₹6.1 Lakhs to ₹12.1 Lakhs per year for employees with experience between 7 years to 18 years. Salary estimates are based on 121 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Senior Territory Manager

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13 years exp.
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18 years exp.
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Experience wise Bajaj Allianz Life Insurance Senior Territory Manager salaries

Last Updated: 1 Mar 2025

Experience Avg Annual Salary
7 years  (6 salaries)

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₹7 L/yr - ₹8 L/yr
8 years  (8 salaries)

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₹7 L/yr - ₹8.2 L/yr
9 years  (9 salaries)

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₹7 L/yr - ₹9.5 L/yr
10 years  (14 salaries)

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₹6.5 L/yr - ₹9.5 L/yr
11 years  (5 salaries)

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₹6.3 L/yr - ₹8.4 L/yr
View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Territory Manager Salary
(238 salaries)
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₹3.65 L/yr - ₹9.02 L/yr
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₹2.4 L/yr - ₹4.5 L/yr
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₹6.5 L/yr - ₹13 L/yr
Regional Manager Salary
(121 salaries)
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₹7 L/yr - ₹23 L/yr
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₹4.9 L/yr - ₹9.1 L/yr
Deputy Manager Salary
(297 salaries)
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₹4.5 L/yr - ₹16.5 L/yr
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₹2.66 L/yr - ₹4 L/yr
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₹3.45 L/yr - ₹13.56 L/yr
Area Manager Salary
(227 salaries)
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₹5 L/yr - ₹16.5 L/yr
Cluster Manager Salary
(97 salaries)
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₹4.2 L/yr - ₹14.3 L/yr

Top skills at Bajaj Allianz Life Insurance for Senior Territory Manager

Life Insurance Agency Sales Insurance Territory Management Agency Channel Tied Channel Distribution Network Business Development Agency Management Recruitment IM Sales Financial Services RPD Banking

Salary related reviews for Bajaj Allianz Life Insurance

4.1

Rated by 27 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 08 Jan 2025

5.0
 for  Salary and Benefits

Likes

The environment is good, as well as the pay package; which is very good. There's a lot of scope of learning here in the industry. Management is a bit clueless and less emotionally oriented but overall it's a good place or organisation to work for or work in. Good amount of promotions are there, trips national or international they have all to keep their people happy and motivated.

read more
  • Salary - Excellent
  • +3 more

Dislikes

Nothing as of now.

Full Time

 · 

Other Department

1.0
  •  posted on 29 Feb 2024

1.0
 for  Salary and Benefits

Likes

I respect the Bajaj Allianz Life insurance because company was selected to grow my career I love the Bajaj Allianz Life insurance products where we give best return to customers.

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Dislikes

... Bajaj Allianz Life insurance company is best fastest growing company in india. But the managers working culture is dengerous because the managers are Black mail with employees salary, one of my manager was directly telling that if I do business then only I get salary, And this is the company policy he was telling is it my dear company CEO, In business sales the tarcher is common but who will blame with employees salary. And check the trainers quality.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 22 Sep 2023

1.0
 for  Salary and Benefits

Likes

If you are doing at least one policy per month of min 5k then no one is going to fire you. Products of Bajaj Allianz Life Insurance is good.

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Dislikes

...manager on Sat and Sun. So there is no work no life no balance. Growth is none. No salary increments. Very very very low salary. Incentives earning is very much difficult. By any chance if you entered into the life insurance industry and especially into Agency channel then life worst. Extensive traveling across the city on your own expenses. Very hectic job

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 16 Nov 2023

5.0
 for  Salary and Benefits

Likes

Good salary, nice incentive structure and promotion structure

  • Salary - Excellent
  • +4 more

Dislikes

No proper training , no support in business hence we lack in aquaring business as compared to Max life insurance aur competitors in axis bank channel.

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Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 09 May 2023

5.0
 for  Salary and Benefits

Likes

You get salary on time.

  • Salary - Excellent
  • +1 more

Dislikes

No one( Sr. Management) cares about you,they just need business that too what they ask from you " no need based selling". Rather then that there are meetings meetings and meetings for the sales team.

read more
  • Skill development - Bad
  • +4 more
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Bajaj Allianz Life Insurance Senior Territory Manager Salary FAQs

What is the salary of Senior Territory Manager at Bajaj Allianz Life Insurance?
Senior Territory Manager salary at Bajaj Allianz Life Insurance in India ranges between ₹6.1 Lakhs to ₹12.1 Lakhs for experience between 7 years to 18 years. According to our estimates it is 7% less than the average Senior Territory Manager Salary in India. Salary estimates are based on 121 latest salaries received from various employees of Bajaj Allianz Life Insurance India.
How does the salary of a Senior Territory Manager at Bajaj Allianz Life Insurance India compare with the average salary range for this job?
The average salary of a Senior Territory Manager at Bajaj Allianz Life Insurance is 7% less than the average salary of a Senior Territory Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Senior Territory Manager at Bajaj Allianz Life Insurance?
Life Insurance, Agency Sales, Insurance, Territory Management and Agency Channel are some of the popular skills required to work as a Senior Territory Manager at Bajaj Allianz Life Insurance India.
Which similar companies are paying more than Bajaj Allianz Life Insurance to a Senior Territory Manager in India?
  • Star Health & Allied Insurance Senior Territory Manager Salary - ₹15.5 Lakhs to ₹22.0 Lakhs per year
  • Reliance Nippon Life Insurance Senior Territory Manager Salary - ₹6.5 Lakhs to ₹14.0 Lakhs per year
  • PNB MetLife Senior Territory Manager Salary - ₹7.0 Lakhs to ₹13.0 Lakhs per year
  • Max Life Insurance Senior Territory Manager Salary - ₹3.7 Lakhs to ₹16.0 Lakhs per year
  • HDFC Life Senior Territory Manager Salary - ₹4.2 Lakhs to ₹16.0 Lakhs per year
What is the salary of a Senior Territory Manager in companies similar to Bajaj Allianz Life Insurance in India?
  • Tata AIA Life Insurance Senior Territory Manager Salary - ₹6.4 Lakhs to ₹8.0 Lakhs per year
  • ICICI Lombard General Insurance Company Senior Territory Manager Salary - ₹4.7 Lakhs to ₹10.5 Lakhs per year
  • SBI Life Insurance Company Senior Territory Manager Salary - ₹5.3 Lakhs to ₹7.0 Lakhs per year
  • Bajaj Allianz General Insurance Senior Territory Manager Salary - ₹4.8 Lakhs to ₹7.2 Lakhs per year
What is the estimated take home salary of a Senior Territory Manager at Bajaj Allianz Life Insurance in India?
The estimated take-home salary of a Senior Territory Manager at Bajaj Allianz Life Insurance ranges between ₹59,284 per month to ₹60,781 per month in India. The take-home salary calculation is based on the average Bajaj Allianz Life Insurance Senior Territory Manager salary in India which ranges between ₹6.1 Lakhs to ₹12.1 Lakhs per year for employees with experience between 7 years to 18 years. Check how did we calculate take home salary?
What is the notice period for Senior Territory Manager at Bajaj Allianz Life Insurance?
According to AmbitionBox, 41% of the Bajaj Allianz Life Insurance Senior Territory Managers reported a notice period of 2 Months, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 128 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Senior Territory Manager salary in India ranges between ₹6.1 Lakhs to ₹12.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 121 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.