Canara HSBC Life Insurance Mumbai Territory Manager Salaries by 4 Employees (Updated 2025)

9 - 13 years exp.

₹6 Lakhs - ₹7 Lakhs

Salary of majority employees

12% less than the average Territory Manager Salary in Insurance Companies for 9 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Territory Manager Salary 9 - 11 years exp. (3 salaries)	₹6.7 L/yr - ₹7 L/yr
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Sales & Business Development Territory Manager Salary 13 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹7.1 L/yr

Last Updated: 14 Mar 2023

Companies similar to Canara HSBC Life Insurance for Territory Manager in Mumbai

Canara HSBC Life Insurance Territory Manager Salary

9 - 13 years exp. (4 salaries)

₹6 L/yr - ₹7 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Territory Manager Salary 8 - 20 years exp. (25 salaries)	₹5.3 L/yr - ₹18 L/yr 82% more
Max Life Insurance Territory Manager Salary 13 - 16 years exp. (3 salaries)	₹10.4 L/yr - ₹16 L/yr 91% more
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Bajaj Allianz Life Insurance Territory Manager Salary 5 - 15 years exp. (14 salaries)	₹4.5 L/yr - ₹8 L/yr 6% less
PNB MetLife Territory Manager Salary 4 - 13 years exp. (12 salaries)	₹5 L/yr - ₹10.2 L/yr 12% more	3 job openings
Tata AIA Life Insurance Territory Manager Salary 5 - 12 years exp. (6 salaries)	₹6.5 L/yr - ₹8.5 L/yr 13% more	4 job openings
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 10 years exp. (14 salaries)	₹6.6 L/yr - ₹11.1 L/yr 24% more

Territory Manager salary at Canara HSBC Life Insurance ranges between ₹6 Lakhs to ₹7 Lakhs per year for employees with experience between 9 years to 13 years. Salary estimates are based on 4 latest salaries received from various employees of Canara HSBC Life Insurance.

Experience wise Canara HSBC Life Insurance Territory Manager salaries in Mumbai

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹12.4 L/yr
10 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹12.5 L/yr
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11 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹7 L/yr
12 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
13 years (AmbitionBox Estimate)	₹6 L/yr - ₹12.6 L/yr

Similar Designation salaries in Canara HSBC Life Insurance

Sales Manager Salary

(10 salaries)

₹3 L/yr - ₹9 L/yr

Relationship Manager Salary

(10 salaries)

₹3 L/yr - ₹5.6 L/yr

Deputy Manager Salary

(5 salaries)

₹6.4 L/yr - ₹12.4 L/yr

Area Sales Manager Salary

(4 salaries)

₹8.5 L/yr - ₹12 L/yr

Team Lead Salary

(3 salaries)

₹4.8 L/yr - ₹7 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

4.0

Rated by 1 employees for salary & benefits

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.

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.

Dislikes

everything expect the Salary on time.

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

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

Dislikes

No dislikes

Team Lead in Gurgaon / Gurugram

BFSI, Investments & Trading Department

3.0

• posted on 27 Sep 2020

2.0

for Salary and Benefits

Likes

... band 8 in covid situation co has started 4 lac medical policy... Its good ..... 7 days working, no increament as u know that our ctc is not good i m totally dependent co, currently co hire employees in high package same profile.. Existing employees sitting on same package.. 5 day co policy when i joined now saturday &Sunday working no addition benefit given. ..... Ok what to do. .

Dislikes

No HR value in choice, no ethics, 7 days working, no increament, late night working

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a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Canara HSBC Life Insurance Territory Manager Salary FAQs

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

Territory Manager salary at Canara HSBC Life Insurance in Mumbai ranges between ₹6.0 Lakhs to ₹7.0 Lakhs for experience between 9 years to 13 years. According to our estimates it is 12% less than the average Territory Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Canara HSBC Life Insurance Mumbai.

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

The average salary of a Territory Manager at Canara HSBC Life Insurance is 12% less than the average salary of a Territory Manager in Mumbai. 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 Mumbai.

Which similar companies are paying more than Canara HSBC Life Insurance to a Territory Manager in Mumbai?

Max Life Insurance Territory Manager Salary - ₹10.4 Lakhs to ₹16.0 Lakhs per year
HDFC Life Territory Manager Salary - ₹5.3 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company Territory Manager Salary - ₹6.6 Lakhs to ₹11.1 Lakhs per year
Tata AIA Life Insurance Territory Manager Salary - ₹6.5 Lakhs to ₹8.5 Lakhs per year
PNB MetLife Territory Manager Salary - ₹5.0 Lakhs to ₹10.2 Lakhs per year

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

Bajaj Allianz Life Insurance Territory Manager Salary - ₹4.5 Lakhs to ₹8.0 Lakhs per year

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

The estimated take-home salary of a Territory Manager at Canara HSBC Life Insurance ranges between ₹53,026 per month to ₹54,275 per month in Mumbai. The take-home salary calculation is based on the average Canara HSBC Life Insurance Territory Manager salary in India which ranges between ₹6.0 Lakhs to ₹7.0 Lakhs per year for employees with experience between 9 years to 13 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Canara HSBC Life Insurance Territory Managers in Mumbai reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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Canara HSBC Life Insurance Territory Manager Salaries in Mumbai

Canara HSBC Life Insurance Territory Manager salary in Mumbai ranges between ₹6 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.