General Insurance Territory Manager Salaries by 5 Employees (Updated 2025)

16 - 21 years exp.

₹5.1 Lakhs - ₹8.9 Lakhs

Low Confidence

Salary of majority employees

7% less than the average Territory Manager Salary in Insurance Companies for 16 - 21 years of experience

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Salaries in different departments

Sales & Business Development Territory Manager Salary 18 - 21 years exp. (3 salaries)	₹6.8 L/yr - ₹8.9 L/yr
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BFSI, Investments & Trading Territory Manager Salary 16 - 18 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.6 L/yr

Last Updated: 14 Feb 2025

Companies similar to General Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 23 years exp. (245 salaries)	₹3.7 L/yr - ₹8.5 L/yr 8% less	2 job openings
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (100 salaries)	₹4 L/yr - ₹12 L/yr 2% more
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SBI Life Insurance Company Territory Manager Salary 4 - 15 years exp. (100 salaries)	₹4 L/yr - ₹7 L/yr 23% less
Tata AIA Life Insurance Territory Manager Salary 5 - 14 years exp. (75 salaries)	₹5.2 L/yr - ₹10.5 L/yr 11% more	2 job openings
Niva Bupa Health Insurance Company Territory Manager Salary 9 - 17 years exp. (43 salaries)	₹5 L/yr - ₹12.2 L/yr 17% more
Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (42 salaries)	₹7.2 L/yr - ₹17 L/yr 91% more
Reliance General Insurance Territory Manager Salary 8 - 20 years exp. (40 salaries)	₹6.5 L/yr - ₹13 L/yr 44% more
Canara HSBC Life Insurance Territory Manager Salary 5 - 14 years exp. (31 salaries)	₹4.5 L/yr - ₹8.1 L/yr 4% less
Ageas Federal Life Insurance Territory Manager Salary 8 - 18 years exp. (22 salaries)	₹8.4 L/yr - ₹17.1 L/yr 81% more
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 13 years exp. (11 salaries)	₹6 L/yr - ₹9 L/yr 2% less
Pramerica Life Insurance Territory Manager Salary 8 - 14 years exp. (10 salaries)	₹5.4 L/yr - ₹9.4 L/yr 1% less
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Shriram Life Insurance Territory Manager Salary 3 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7.2 L/yr 36% less
Life Insurance Corporation of India Territory Manager Salary 7 - 15 years exp. (6 salaries)	₹4 L/yr - ₹11.5 L/yr 13% more
MetLife Territory Manager Salary 7 - 14 years exp. (4 salaries)	₹6 L/yr - ₹8.7 L/yr 6% more
Tata AIG Territory Manager Salary 3 - 8 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 28% less
Bharti AXA Life Insurance Territory Manager Salary 5 - 10 years exp. (3 salaries)	₹5.8 L/yr - ₹7.5 L/yr 3% less
Shriram General Insurance Territory Manager Salary 11 - 17 years exp. (3 salaries)	₹3.1 L/yr - ₹9.5 L/yr 13% less

Territory Manager salary at General Insurance ranges between ₹5.1 Lakhs to ₹8.9 Lakhs per year for employees with experience between 16 years to 21 years. Salary estimates are based on 5 latest salaries received from various employees of General Insurance.

Experience wise General Insurance Territory Manager salaries

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
15+ years (5 salaries)	₹5.1 L/yr - ₹8.9 L/yr
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Similar Designation salaries in General Insurance

Territory Sales Manager Salary

(7 salaries)

₹1.7 L/yr - ₹7 L/yr

Deputy Manager Salary

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₹3 L/yr - ₹9 L/yr

Area Manager Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Area Sales Manager Salary

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₹4 L/yr - ₹8.25 L/yr

Sales Manager Salary

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₹5.4 L/yr - ₹6.9 L/yr

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Team Lead Salary

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₹2.3 L/yr - ₹4.5 L/yr

Assistant Sales Manager Salary

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₹2.7 L/yr - ₹3.5 L/yr

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Salary related reviews for General Insurance

Kolkata in Kolkata

Sales & Business Development Department

4.0

• posted on 22 Apr 2021

4.0

for Salary and Benefits

Likes

I have worked in general insurance and i have experience and feild working habituated.I have issues policy from TATA, Chola, Shriram, Bajaj,go digit , ICICI Lombard from welcom financial Pvt Ltd Kolkata.I have interested with general insurance company

Salary - Good

+6 more

Dislikes

Nathing special but claim settlement should be fast for the customer's

LOSS ASSESSOR RISK INSPECTION ENGINEER,FACULTY in Noida

In industries --quality, production, in general insurance claims assess... Department

5.0

• posted on 20 Aug 2019

5.0

for Salary and Benefits

Likes

I am an expert in Motor claims of unlimited estimated loss. Carried out more than 11000 surveys so far. I like it and also delivered lectures in several national level seminars and work shops. I am honored to opine on the motor litigated and cases filed before the ombudsman for decision. I give my opinion on base of insurance laws and technicalities on the claims. I am also expert in pre insurance inspection /Risk Inspections also in Risk management of non motor insurance. I like the most above both jabs. I have deep knowledge of law and engineering/ technicality of the claims. I am very innovative with technology and laws and cooperative with the colleagues and do respect the bosses.

Salary - Excellent

+6 more

Dislikes

i like this industry. as my job is dependent on insurers so, some time i face deputation problem.

Regional Manager

BFSI, Investments & Trading Department

5.0

• posted on 16 Jul 2018

5.0

for Salary and Benefits

Likes

When Insurance industry was opened for for private participation in 2004, it was projected by market leaders that the existing public sector general insurance [PSGI] will be doomed in five years. Alas, that it was not to be. Even now the PSGI compnies hold more than 50% of Market Share of General Insurance Premium and is growing steadily and are making the Pvt. Sector Insurance companies run for their money. Unlike Life insurance where investments are made for long term, the general insurance contracts are annual in nature, yet the public confidence is still with PSGI companies. There can be delay but there won't be deny in case of any major catastrophe. Ofcourse, the PSGI companies have to be more customer friendly when it comes to hassle free acceptance of premium as well as settlement of claims by using the latest advanced automation/digitilaisation.

Salary - Excellent

+6 more

Dislikes

At times it may be frustrating for the really competent persons as out of turn recognition / elevation is not possible, as well as tougher industrial relations -- because of the undue advantage taken by certain undeserving elements taking protection under the prrevailing reservation system.

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Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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General Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at General Insurance ?

The average salary of a Territory Manager at General Insurance in India typically ranges from ₹5.1 Lakhs to ₹8.9 Lakhs per year, depending on experience (from 16 years to 21 years).

The top 10% of Territory Manager at General Insurance earn more than ₹8.9 Lakhs per year, and the top 1% earn over ₹8.9 Lakhs per year. Territory Manager Salaries at General 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 5 General Insurance employees in India.

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

The estimated take-home salary of a Territory Manager at General Insurance in India typically ranges from ₹52,311 to ₹53,611 per month. This is based on the average salary range of ₹5.1 Lakhs to ₹8.9 Lakhs per year for employees with experience ranging from 16 years to 21 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 5 salaries received from various employees of General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than General Insurance for Territory Manager in India?

Star Health & Allied Insurance	₹7.2 Lakhs to ₹17.0 Lakhs per year
Ageas Federal Life Insurance	₹8.4 Lakhs to ₹17.1 Lakhs per year
Reliance General Insurance	₹6.5 Lakhs to ₹13.0 Lakhs per year
Niva Bupa Health Insurance Company	₹5.0 Lakhs to ₹12.2 Lakhs per year
Life Insurance Corporation of India	₹4.0 Lakhs to ₹11.5 Lakhs per year

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

What is the salary of a Territory Manager in companies similar to General Insurance in India?

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

Tata AIA Life Insurance	₹5.2 Lakhs to ₹10.5 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
Pramerica Life Insurance	₹5.4 Lakhs to ₹9.4 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.0 Lakhs to ₹9.0 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 at General Insurance in India?

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

Experience	Average Salary Range
15 years	₹5.1 Lakhs to ₹8.9 Lakhs per year

and so on.

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General Insurance Territory Manager Salaries

General Insurance Territory Manager salary in India ranges between ₹5.1 Lakhs to ₹8.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 General Insurance latest salaries received from various employees of General Insurance.