Canara HSBC Life Insurance Territory Manager Salaries by 30+ Employees (Updated 2025)

5 - 14 years exp.

₹4.5 Lakhs - ₹8.1 Lakhs

Salary of majority employees

10% less than the average Territory Manager Salary in Insurance Companies for 5 - 14 years of experience

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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
HDFC Life Territory Manager Salary 9 - 20 years exp. (229 salaries)	₹10.9 L/yr - ₹21 L/yr 113% more
ICICI Prudential Life Insurance Territory Manager Salary 7 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹6.2 L/yr 14% less
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SBI Life Insurance Company Territory Manager Salary 4 - 15 years exp. (100 salaries)	₹4 L/yr - ₹7 L/yr 20% less
Max Life Insurance Territory Manager Salary 10 - 18 years exp. (39 salaries)	₹7.5 L/yr - ₹19 L/yr 100% more
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 20 years exp. (227 salaries)	₹3.7 L/yr - ₹9.2 L/yr 5% less
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 13 years exp. (11 salaries)	₹6 L/yr - ₹9 L/yr 3% more
PNB MetLife Territory Manager Salary 4 - 17 years exp. (266 salaries)	₹4.5 L/yr - ₹10.3 L/yr 14% more
Tata AIA Life Insurance Territory Manager Salary 5 - 14 years exp. (76 salaries)	₹5.5 L/yr - ₹10.5 L/yr 18% more	3 job openings
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (100 salaries)	₹4 L/yr - ₹12 L/yr 6% more
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
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Reliance General Insurance Territory Manager Salary 8 - 20 years exp. (40 salaries)	₹6.5 L/yr - ₹13 L/yr 49% more
Shriram Life Insurance Territory Manager Salary 3 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7.2 L/yr 33% less
MetLife Territory Manager Salary 7 - 14 years exp. (4 salaries)	₹6 L/yr - ₹8.7 L/yr 11% more
Tata AIG Territory Manager Salary 3 - 8 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 26% less
SBI General Insurance Territory Manager Salary 16 - 20 years exp. (4 salaries)	₹5.2 L/yr - ₹9.3 L/yr 7% 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

(112 salaries)

₹5.75 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

(52 salaries)

₹6 L/yr - ₹12 L/yr

Sales Manager Salary

(85 salaries)

₹3 L/yr - ₹8.79 L/yr

Senior Sales Manager Salary

(30 salaries)

₹3 L/yr - ₹7.5 L/yr

Relationship Manager Salary

(203 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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Salary Discussions, Hike & Promotions

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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Canara HSBC Life Insurance Territory Manager Salary FAQs

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

Territory Manager salary at Canara HSBC Life Insurance in India ranges between ₹4.5 Lakhs to ₹8.1 Lakhs for experience between 5 years to 14 years. According to our estimates it is 10% less than the average Territory Manager Salary in India. Salary estimates are based on 31 latest salaries received from various employees of Canara HSBC Life Insurance India.

How does the salary of a Territory Manager at Canara HSBC Life Insurance India compare with the average salary range for this job?

The average salary of a Territory Manager at Canara HSBC Life Insurance is 10% 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 Canara HSBC Life Insurance?

Life Insurance, Bancassurance, Team Handling, Territory Management and New Business are some of the popular skills required to work as a Territory Manager at Canara HSBC Life Insurance India.

Which similar companies are paying more than Canara HSBC Life 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 Canara HSBC Life Insurance in India?

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
MetLife Territory Manager Salary - ₹6.0 Lakhs to ₹8.7 Lakhs per year
Reliance Nippon Life Insurance Territory Manager Salary - ₹4.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance Territory Manager Salary - ₹6.0 Lakhs to ₹9.0 Lakhs per year

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 ranges between ₹51,323 per month to ₹52,534 per month in India. The take-home salary calculation is based on the average Canara HSBC Life Insurance Territory Manager salary in India which ranges between ₹4.5 Lakhs to ₹8.1 Lakhs per year for employees with experience between 5 years to 14 years. Check how did we calculate take home salary?

What is the notice period for Territory Manager at Canara HSBC Life Insurance?

According to AmbitionBox, 50% of the Canara HSBC Life Insurance Territory Managers reported a notice period of 15 days or less, 50% reported a notice period of 3 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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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.