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This company page is being actively managed by Canara HSBC Life Insurance Team. If you also belong to the team, you can get access from here

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based on 1.9k Reviews

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Canara HSBC Life Insurance Territory Manager Bancassurance salaries in India

Annual salary range
5 - 15 years exp.
₹4.3 Lakhs - ₹10.5 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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31% less than the average Territory Manager Bancassurance Salary in Insurance Companies for 5 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Territory Manager Bancassurance Salary
5 - 7 years exp. (5 salaries)
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₹4.3 L/yr - ₹7.3 L/yr

Sales & Business Development
Territory Manager Bancassurance Salary
14 - 15 years exp. (AmbitionBox Estimate)
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₹6.7 L/yr - ₹10.5 L/yr

Last Updated: 14 Mar 2023

Companies similar to Canara HSBC Life Insurance for Territory Manager Bancassurance

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

8 - 19 years exp. (18 salaries)
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₹5.4 L/yr - ₹20 L/yr

arrow icon 89% more
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PNB MetLife Territory Manager Bancassurance Salary

5 - 15 years exp. (16 salaries)
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₹6.5 L/yr - ₹9.8 L/yr

arrow icon 17% more
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Tata AIA Life Insurance Territory Manager Bancassurance Salary

4 - 18 years exp. (5 salaries)
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₹5.5 L/yr - ₹7 L/yr

arrow icon 9% less
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ICICI Prudential Life Insurance Territory Manager Bancassurance Salary

1 - 4 years exp. (4 salaries)
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₹2.6 L/yr - ₹6 L/yr

arrow icon 24% less
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Iffco Tokio General Insurance Co. Territory Manager Bancassurance Salary

7 - 9 years exp. (4 salaries)
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₹4 L/yr - ₹7 L/yr

arrow icon 13% less
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Bajaj Allianz Life Insurance Territory Manager Bancassurance Salary

13 - 15 years exp. (4 salaries)
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₹13.5 L/yr - ₹17 L/yr

arrow icon 123% more
Territory Manager Bancassurance salary at Canara HSBC Life Insurance ranges between ₹4.3 Lakhs to ₹10.5 Lakhs per year for employees with experience between 5 years to 15 years. Salary estimates are based on 7 latest salaries received from various employees of Canara HSBC Life Insurance.

Latest annual salaries shared by Canara HSBC Life Insurance Territory Manager Bancassurance

1y ago
₹10.5 Lakhs
15 years exp.
1y ago
₹6 Lakhs
6 years exp.
1y ago
₹6.5 Lakhs
7 years exp.
1y ago
₹10.5 Lakhs
14 years exp.
1y ago
₹5.5 Lakhs
7 years exp.
1y ago
avg blur mobile
5 years exp.
1y ago
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5 years exp.

Experience wise Canara HSBC Life Insurance Territory Manager Bancassurance salaries

Last Updated: 14 Mar 2023

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7.1 L/yr
6 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)

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₹5.8 L/yr - ₹7.4 L/yr
8 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.6 L/yr
9 years (AmbitionBox Estimate)

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₹6.1 L/yr - ₹7.7 L/yr
View all

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Cluster Business Manager Salary
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₹2.5 L/yr - ₹5.91 L/yr
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₹5 L/yr - ₹12 L/yr
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₹2.95 L/yr - ₹5.5 L/yr
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₹3.8 L/yr - ₹6.3 L/yr
Cluster Manager Salary
(38 salaries)
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₹4.7 L/yr - ₹10 L/yr
Cluster Branch Manager Salary
(22 salaries)
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₹5.5 L/yr - ₹11 L/yr
Credit Officer Salary
(19 salaries)
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₹2.25 L/yr - ₹3.81 L/yr
Cluster Head Salary
(18 salaries)
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₹6 L/yr - ₹12 L/yr

Salary related reviews for Canara HSBC Life Insurance

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.

read more
  • Skill development - Good
    • +2 more

Dislikes

Salary is average as per the company's standards.

Cluster Business Head in Patna

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 31 Jul 2024
2.0
 for  Salary and Benefits

Likes

Promotion criteria is crystal clear

  • Skill development - Good

Dislikes

Internal promoters working on lowest salary, Partiality with employees, not support to female employees, specifically after maternity leave no any rule for female employees for location and work life balance with baby.

read more
  • Salary - Poor
    • +1 more

Cluster Business Head in Agartala

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 01 Feb 2025
5.0
 for  Salary and Benefits

Likes

FLS level promotion promotion & salary structure & Product feature is very good.

read more
  • Salary - Excellent
    • +1 more

Dislikes

Many issues in IT segment like login process , issuance process so lengthy , Monthly & Yearly target setup 🎯 not maintained properly

read more
  • Skill development - Poor
    • +2 more

Senior Relationship Officer in Dehradun

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 26 Jul 2023
5.0
 for  Salary and Benefits

Likes

Salary and incentives are given in time Are suitability rewarded for good work Good working culture Hr policies are good

read more
  • Salary - Excellent
    • +4 more

Dislikes

Personally I didn't not see myself growing Traveling allowances are given when you meet a specific creteria

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.

read more
  • Salary - Good
    • +1 more

Dislikes

everything expect the Salary on time.

  • Job security - Bad
    • +4 more
see more salary related reviews

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible
Nagarro offer: Kindly Help me to decide
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Canara HSBC Life Insurance Territory Manager Bancassurance Salary FAQs

What is the salary of Territory Manager Bancassurance at Canara HSBC Life Insurance ?
The average salary of a Territory Manager Bancassurance at Canara HSBC Life Insurance in India typically ranges from ₹4.3 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 5 years to 15 years).

The top 10% of Territory Manager Bancassurance at Canara HSBC Life Insurance earn more than ₹10.5 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Territory Manager Bancassurance 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 7 Canara HSBC Life Insurance employees in India.
What is the estimated take home salary of a Territory Manager Bancassurance at Canara HSBC Life Insurance in India?
The estimated take-home salary of a Territory Manager Bancassurance at Canara HSBC Life Insurance in India typically ranges from ₹52,624 to ₹53,864 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 5 years to 15 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 7 salaries received from various employees of Canara HSBC Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Canara HSBC Life Insurance for Territory Manager Bancassurance in India?
Bajaj Allianz Life Insurance ₹13.5 Lakhs to ₹17.0 Lakhs per year
HDFC Life ₹5.4 Lakhs to ₹20.0 Lakhs per year
PNB MetLife ₹6.5 Lakhs to ₹9.8 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 Bancassurance in companies similar to Canara HSBC Life Insurance in India?
The salary of a Territory Manager Bancassurance 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:

Tata AIA Life Insurance ₹5.5 Lakhs to ₹7.0 Lakhs per year
Iffco Tokio General Insurance Co. ₹4.0 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.6 Lakhs to ₹6.0 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 Bancassurance at Canara HSBC Life Insurance in India?
The salary growth for a Territory Manager Bancassurance at Canara HSBC Life Insurance depends on factors such as experience, performance, and promotions. On average, a Territory Manager Bancassurance can expect the following growth trajectory at Canara HSBC Life Insurance:

Experience Average Salary Range
5 years ₹5.5 Lakhs to ₹7.1 Lakhs per year
6 years ₹5.7 Lakhs to ₹7.2 Lakhs per year
7 years ₹5.8 Lakhs to ₹7.4 Lakhs per year
8 years ₹5.9 Lakhs to ₹7.6 Lakhs per year
and so on.

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Canara HSBC Life Insurance Territory Manager Bancassurance Salaries by Location

Canara HSBC Life Insurance Territory Manager Bancassurance salary in India ranges between ₹4.3 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 7 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.