Canara HSBC Life Insurance Territory Manager Salaries by 30+ Employees

5 - 14 years exp.

₹4.5 Lakhs - ₹8.1 Lakhs

Salary of majority employees

11% less than the average Territory Manager Salary in Insurance Companies for 5 - 14 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Territory Manager Salary 5 - 14 years exp. (19 salaries)	₹4.5 L/yr - ₹8 L/yr
Sales & Business Development Territory Manager Salary 7 - 13 years exp. (6 salaries)	₹5.6 L/yr - ₹8.1 L/yr
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Customer Success, Service & Operations Territory Manager Salary 9 - 10 years exp. (AmbitionBox Estimate)	₹6.7 L/yr - ₹7 L/yr
Marketing & Communication Territory Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.7 L/yr

Last Updated: 16 Mar 2023

Companies similar to Canara HSBC Life Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Territory Manager Salary 4 - 17 years exp. (270 salaries)	₹4.3 L/yr - ₹10.3 L/yr 12% more	6 job openings
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 20 years exp. (233 salaries)	₹3.7 L/yr - ₹9.1 L/yr 4% less	2 job openings
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HDFC Life Territory Manager Salary 9 - 20 years exp. (150 salaries)	₹11.3 L/yr - ₹21 L/yr 119% more
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (100 salaries)	₹4 L/yr - ₹12 L/yr 6% more
SBI Life Insurance Company Territory Manager Salary 4 - 15 years exp. (100 salaries)	₹4 L/yr - ₹7 L/yr 20% less
Tata AIA Life Insurance Territory Manager Salary 5 - 14 years exp. (75 salaries)	₹5.2 L/yr - ₹10.5 L/yr 15% more	2 job openings
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (42 salaries)	₹5.6 L/yr - ₹14 L/yr 35% more
Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (42 salaries)	₹7.2 L/yr - ₹17 L/yr 99% more
Reliance General Insurance Territory Manager Salary 8 - 20 years exp. (40 salaries)	₹6.5 L/yr - ₹13 L/yr 49% more
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 13 years exp. (11 salaries)	₹6 L/yr - ₹9 L/yr 2% more
Shriram Life Insurance Territory Manager Salary 3 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7.2 L/yr 33% less
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ICICI Prudential Life Insurance Territory Manager Salary 7 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹6.2 L/yr 14% less
MetLife Territory Manager Salary 7 - 14 years exp. (4 salaries)	₹6 L/yr - ₹8.7 L/yr 11% more
SBI General Insurance Territory Manager Salary 16 - 20 years exp. (4 salaries)	₹5.2 L/yr - ₹9.3 L/yr 7% less
Tata AIG Territory Manager Salary 3 - 8 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 26% less

Territory Manager salary at Canara HSBC Life Insurance ranges between ₹4.5 Lakhs to ₹8.1 Lakhs per year for employees with experience between 5 years to 14 years. Salary estimates are based on 31 latest salaries received from various employees of Canara HSBC Life Insurance.

Experience wise Canara HSBC Life Insurance Territory Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
5 years (3 salaries)	₹4.8 L/yr - ₹7.5 L/yr
6 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹11.9 L/yr
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7 years (6 salaries)	₹5.6 L/yr - ₹12 L/yr
8 years (3 salaries)	₹2.7 L/yr - ₹8 L/yr
9 years (5 salaries)	₹4.5 L/yr - ₹7 L/yr
10 years (3 salaries)	₹2.7 L/yr - ₹8.1 L/yr
11 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7 L/yr
12 years (3 salaries)	₹5.2 L/yr - ₹8.1 L/yr
13 years (AmbitionBox Estimate)	₹6 L/yr - ₹8 L/yr
14 years (3 salaries)	₹6 L/yr - ₹12.3 L/yr

View all

Similar Designation salaries in Canara HSBC Life Insurance

Territory Sales Manager Salary

(8 salaries)

₹5 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(114 salaries)

₹5 L/yr - ₹16 L/yr

Senior Territory Manager Salary

(6 salaries)

₹5.95 L/yr - ₹8.2 L/yr

Area Manager Salary

(7 salaries)

₹8.5 L/yr - ₹12 L/yr

Territory Business Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Area Sales Manager Salary

(47 salaries)

₹7 L/yr - ₹12 L/yr

Sales Manager Salary

(90 salaries)

₹3 L/yr - ₹8.79 L/yr

Senior Sales Manager Salary

(30 salaries)

₹3 L/yr - ₹7.5 L/yr

Relationship Manager Salary

(200 salaries)

₹2.5 L/yr - ₹6.01 L/yr

Team Lead Salary

(138 salaries)

₹3.7 L/yr - ₹7.6 L/yr

Top skills at Canara HSBC Life Insurance for Territory Manager

Life Insurance Bancassurance Team Handling Territory Management New Business Senior Management Quality Standards Sales Area Sales Territory Sales New Business Insurance team Life Insurance MIS Reporting

Salary related reviews for Canara HSBC Life Insurance

3.5

Rated by 11 employees for salary & benefits

Relationship Manager in Dhanbad

Full Time

Sales & Business Development Department

4.0

• posted on 25 Feb 2025

3.0

for Salary and Benefits

Likes

Work life balance is good. You will acquire new learning here and you will definitely enhance your skills here. Time to time virtual training is organised. You will get options of fast track and regular promotions here for that you have to make sure to achieve the target.

Skill development - Good

+2 more

Dislikes

Salary is average as per the company's standards.

Sales Officer in Mysuru / Mysore

Full Time

Sales & Business Development Department

2.0

• posted on 09 Feb 2023

2.0

for Salary and Benefits

Likes

I can't like any thing because canara hsbc its a good company but from the RUH level management its worst.

Dislikes

Salary package Every 2nd and 4th Saturday meeting in HUB And some time they conducted meeting from 5.30 pm to 9 pm its very irritating. They are ready to debit only premium amount afterthat issuing problem and policy bond delivery problem.

Salary - Poor

+5 more

Relationship Manager in Meerut

Customer Success, Service & Operations Department

3.0

• posted on 07 Mar 2022

4.0

for Salary and Benefits

Likes

If you can handle pressure & You are enough clever to handle the situation & Politics. You Can earn extra incentives here no doubt. It's all about your supervisior. It's your luck to get a good CBM.

Salary - Good

+1 more

Dislikes

everything expect the Salary on time.

Job security - Bad

+4 more

Sales Officer in Hoshiarpur

Other Department

1.0

• posted on 22 Nov 2018

1.0

for Salary and Benefits

Likes

It was literally a very bad experience no compensation no benefits to the employees superiors are worst no career growth and zero job security. I must say that go there only if u want to hamper ur growth

Dislikes

Superiors don't have any knowledge no support from there end. This is the main reason why i leave

Salary - Bad

+6 more

Sales Officer in Bangalore Rural

Other Department

5.0

• posted on 09 Apr 2021

4.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus

Salary - Good

+6 more

Dislikes

No dislikes

see more salary related reviews

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Canara HSBC Life Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at Canara HSBC Life Insurance ?

The average salary of a Territory Manager at Canara HSBC Life Insurance in India typically ranges from ₹4.5 Lakhs to ₹8.1 Lakhs per year, depending on experience (from 5 years to 14 years).

The top 10% of Territory Manager at Canara HSBC Life Insurance earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹8.1 Lakhs per year. Territory Manager Salaries at Canara HSBC 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 30+ Canara HSBC Life Insurance employees in India.

What is the estimated take home salary of a Territory Manager at Canara HSBC Life Insurance in India?

The estimated take-home salary of a Territory Manager at Canara HSBC Life Insurance in India typically ranges from ₹51,323 to ₹52,534 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹8.1 Lakhs per year for employees with experience ranging from 5 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 30+ salaries received from various employees of Canara HSBC 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 Canara HSBC Life Insurance ?

To be a Territory Manager at Canara HSBC Life Insurance in india, the key skills required include:

- Life Insurance
- Bancassurance
- Team Handling
- Territory Management
- New Business

These skills are highly valued at Canara HSBC Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Canara HSBC Life Insurance for Territory Manager in India?

HDFC Life	₹11.3 Lakhs to ₹21.0 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
Tata AIA Life Insurance	₹5.2 Lakhs to ₹10.5 Lakhs per year

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

What is the salary of a Territory Manager in companies similar to Canara HSBC Life Insurance in India?

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

PNB MetLife	₹4.3 Lakhs to ₹10.3 Lakhs per year
MetLife	₹6.0 Lakhs to ₹8.7 Lakhs per year
Reliance Nippon Life Insurance	₹4.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.0 Lakhs to ₹9.0 Lakhs per year
Bajaj Allianz Life Insurance	₹3.7 Lakhs to ₹9.1 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 Canara HSBC Life Insurance in India?

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

Experience	Average Salary Range
5 years	₹4.8 Lakhs to ₹7.5 Lakhs per year
6 years	₹5.3 Lakhs to ₹11.9 Lakhs per year
7 years	₹5.6 Lakhs to ₹12.0 Lakhs per year
8 years	₹2.7 Lakhs to ₹8.0 Lakhs per year

and so on.

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Canara HSBC Life Insurance Territory Manager Salaries

Canara HSBC Life Insurance Territory Manager salary in India ranges between ₹4.5 Lakhs to ₹8.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 31 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.