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Bajaj Allianz Life Insurance Territory Manager salaries in New Delhi (Updated 2025)

Annual salary range
6 - 14 years exp.
₹5.5 Lakhs - ₹8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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15% less than the average Territory Manager Salary in Insurance Companies for 6 - 14 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading
Territory Manager Salary
6 - 14 years exp. (8 salaries)
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₹6 L/yr - ₹8 L/yr

Sales & Business Development
Territory Manager Salary
10 - 13 years exp. (4 salaries)
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₹6 L/yr - ₹6.8 L/yr

Finance & Accounting
Territory Manager Salary
7 - 8 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹6.8 L/yr

Last Updated: 8 Mar 2025

Companies similar to Bajaj Allianz Life Insurance for Territory Manager in New Delhi

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Bajaj Allianz Life Insurance Territory Manager Salary

6 - 14 years exp. (14 salaries)

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₹5.5 L/yr - ₹8 L/yr

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

9 - 20 years exp. (32 salaries)

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₹10.2 L/yr - ₹20 L/yr

arrow icon 144% more
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Axis Max Life Insurance Territory Manager Salary

11 - 18 years exp. (13 salaries)

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₹8.5 L/yr - ₹19 L/yr

arrow icon 113% more
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₹5.5 L/yr - ₹9.6 L/yr

arrow icon 19% more
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₹6 L/yr - ₹14 L/yr

arrow icon 44% more
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₹4 L/yr - ₹8 L/yr

arrow icon 5% more
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₹7.2 L/yr - ₹15.6 L/yr

arrow icon 102% more
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₹5.3 L/yr - ₹6 L/yr

arrow icon 13% less
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₹4.3 L/yr - ₹4.5 L/yr

arrow icon 34% less
Territory Manager salary at Bajaj Allianz Life Insurance ranges between ₹5.5 Lakhs to ₹8 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 14 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Territory Manager in New Delhi

4w ago
₹5.5 Lakhs
8 years exp.
1mo ago
₹8 Lakhs
10 years exp.
4mo ago
₹5.5 Lakhs
7 years exp.
7mo ago
₹6 Lakhs
6 years exp.
8mo ago
₹6.5 Lakhs
13 years exp.
8mo ago
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9 years exp.
9mo ago
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14 years exp.
11mo ago
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10 years exp.
11mo ago
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10 years exp.
1y ago
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12 years exp.

Experience wise Bajaj Allianz Life Insurance Territory Manager salaries in New Delhi

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
6 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr
7 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr
8 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr
9 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.6 L/yr
10 years  (4 salaries)

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₹6 L/yr - ₹8 L/yr
View all
Bajaj Allianz Life Insurance Territory Manager Salary and Career Growth

From

To

Territory Manager

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4 - 23 years exp.

Associate Vice President

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10 - 23 years exp.

Territory Manager

4 - 23 years exp.
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Manager

3 - 18 years exp.
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arrow icon 98% hike

Senior Manager

3 - 18 years exp.
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arrow icon 6% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Bajaj Allianz Life Insurance

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₹2.3 L/yr - ₹5 L/yr
Sales Manager Salary
(27 salaries)
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₹2.25 L/yr - ₹5 L/yr
Deputy Manager Salary
(20 salaries)
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₹6.3 L/yr - ₹15 L/yr
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₹6 L/yr - ₹8 L/yr
Area Manager Salary
(7 salaries)
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₹5.75 L/yr - ₹16.5 L/yr

Top skills at Bajaj Allianz Life Insurance for Territory Manager

Life Insurance Agency Sales Agency Channel Insurance Sales Territory Management Agent Recruitment Health Insurance Tied Channel Motor Insurance Agency Management Retail Sales General Insurance Insurance Sales Financial Services

Salary related reviews for Bajaj Allianz Life Insurance

4.0

Rated by 5 employees for salary & benefits

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.

read more

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

Other Department

5.0
  •  posted on 05 May 2022

5.0
 for  Salary and Benefits

Likes

... period. Seniors are very supportive and give proper guidance at any situations. Salary on time.

read more
  • Salary - Excellent
  • +6 more

Dislikes

There is no dislike for me about this company

see more salary related reviews

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Bajaj Allianz Life Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at Bajaj Allianz Life Insurance in New Delhi?
The average salary of a Territory Manager at Bajaj Allianz Life Insurance in New Delhi typically ranges from ₹5.5 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Territory Manager in New Delhi at Bajaj Allianz Life Insurance earn more than ₹7.6 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. Territory Manager Salaries at Bajaj Allianz 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+ Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Territory Manager at Bajaj Allianz Life Insurance in New Delhi?
The estimated take-home salary of a Territory Manager at Bajaj Allianz Life Insurance in New Delhi typically ranges from ₹50,814 to ₹52,013 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 6 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 10+ salaries received from various employees of Bajaj Allianz Life 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 Life Insurance in New Delhi?
To be a Territory Manager at Bajaj Allianz Life Insurance in New Delhi, the key skills required include:

  • - Life Insurance
  • - Agency Sales
  • - Agency Channel
  • - Insurance
  • - Sales

These skills are highly valued at Bajaj Allianz Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Bajaj Allianz Life Insurance for Territory Manager in India?
HDFC Life ₹10.2 Lakhs to ₹20.0 Lakhs per year
Axis Max Life Insurance ₹8.5 Lakhs to ₹19.0 Lakhs per year
Star Health & Allied Insurance ₹7.2 Lakhs to ₹15.6 Lakhs per year
ICICI Lombard General Insurance Company ₹6.0 Lakhs to ₹14.0 Lakhs per year
Tata AIA Life Insurance ₹5.5 Lakhs to ₹9.6 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bajaj Allianz Life Insurance, depending on the role and experience level.
What is the salary of a Territory Manager in companies similar to Bajaj Allianz Life Insurance in New Delhi?
The salary of a Territory Manager at companies similar to Bajaj Allianz Life Insurance in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Ergo General Insurance ₹4.0 Lakhs to ₹8.0 Lakhs per year
SBI Life Insurance Company ₹5.3 Lakhs to ₹6.0 Lakhs per year
Shriram Life Insurance ₹4.3 Lakhs to ₹4.5 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 Territory Manager at Bajaj Allianz Life Insurance in New Delhi?
The salary growth for a Territory Manager at Bajaj Allianz Life Insurance in New Delhi depends on factors such as experience, performance, and promotions. On average, a Territory Manager in New Delhi can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
6 years ₹5.9 Lakhs to ₹7.5 Lakhs per year
7 years ₹5.9 Lakhs to ₹7.5 Lakhs per year
8 years ₹5.9 Lakhs to ₹7.5 Lakhs per year
9 years ₹5.9 Lakhs to ₹7.6 Lakhs per year
and so on.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Territory Manager salary in New Delhi ranges between ₹5.5 Lakhs to ₹8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.