General Insurance Territory Manager Salaries by 5 Employees (Updated 2024)

16 - 21 years exp.

₹5.1 Lakhs - ₹8.9 Lakhs

Low Confidence

Salary of majority employees

6% 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: 25 Nov 2024

Companies similar to General Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Territory Manager Salary 7 - 15 years exp. (6 salaries)	₹4 L/yr - ₹11.5 L/yr 13% more
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (42 salaries)	₹5.6 L/yr - ₹14 L/yr 30% more
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HDFC Ergo General Insurance Territory Manager Salary 5 - 18 years exp. (18 salaries)	₹4 L/yr - ₹8.8 L/yr 1% more
Bajaj Allianz General Insurance Territory Manager Salary 2 - 14 years exp. (325 salaries)	₹2.4 L/yr - ₹7.7 L/yr 28% less
Reliance General Insurance Territory Manager Salary 8 - 19 years exp. (39 salaries)	₹6 L/yr - ₹13 L/yr 38% more
Tata AIG Territory Manager Salary 3 - 8 years exp. (4 salaries)	₹4.5 L/yr - ₹5.3 L/yr 28% less
SBI General Insurance Territory Manager Salary 10 - 19 years exp. (4 salaries)	₹5.2 L/yr - ₹14 L/yr 19% more
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 15 years exp. (198 salaries)	₹3.7 L/yr - ₹10 L/yr 10% less
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (103 salaries)	₹4 L/yr - ₹12 L/yr 3% more
SBI Life Insurance Company Territory Manager Salary 4 - 15 years exp. (101 salaries)	₹4 L/yr - ₹7.5 L/yr 21% less
Tata AIA Life Insurance Territory Manager Salary 5 - 14 years exp. (85 salaries)	₹5 L/yr - ₹10 L/yr 15% more	3 job openings
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Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (47 salaries)	₹7.2 L/yr - ₹17 L/yr 94% more
Niva Bupa Health Insurance Company Territory Manager Salary 9 - 17 years exp. (42 salaries)	₹5 L/yr - ₹12.2 L/yr 26% more
Canara HSBC Life Insurance Territory Manager Salary 5 - 14 years exp. (31 salaries)	₹4.5 L/yr - ₹8.1 L/yr 4% less
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 11 years exp. (9 salaries)	₹6.3 L/yr - ₹9 L/yr At par
MetLife Territory Manager Salary 7 - 14 years exp. (4 salaries)	₹6 L/yr - ₹8.7 L/yr 6% more

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: 25 Nov 2024

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

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₹2.2 L/yr - ₹4.5 L/yr

Deputy Manager Salary

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₹4.3 L/yr - ₹5.5 L/yr

Area Sales Manager Salary

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Sales Manager Salary

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Senior Sales Manager Salary

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Team Lead Salary

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Assistant Sales Manager Salary

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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

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.

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.

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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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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General Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at General Insurance?

Territory Manager salary at General Insurance in India ranges between ₹5.1 Lakhs to ₹8.9 Lakhs for experience between 16 years to 21 years. According to our estimates it is 6% less than the average Territory Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of General Insurance India.

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

The average salary of a Territory Manager at General Insurance is 6% less than the average salary of a Territory Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than General Insurance to a Territory Manager in India?

Star Health & Allied Insurance Territory Manager Salary - ₹7.2 Lakhs to ₹17.0 Lakhs per year
Reliance General Insurance Territory Manager Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
ICICI Lombard General Insurance Company Territory Manager Salary - ₹5.6 Lakhs to ₹14.0 Lakhs per year
Niva Bupa Health Insurance Company Territory Manager Salary - ₹5.0 Lakhs to ₹12.2 Lakhs per year
SBI General Insurance Territory Manager Salary - ₹5.2 Lakhs to ₹14.0 Lakhs per year

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

Tata AIA Life Insurance Territory Manager Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
Life Insurance Corporation of India Territory Manager Salary - ₹4.0 Lakhs to ₹11.5 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
HDFC Ergo General Insurance Territory Manager Salary - ₹4.0 Lakhs to ₹8.8 Lakhs per year

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 ranges between ₹52,311 per month to ₹53,611 per month in India. The take-home salary calculation is based on the average General Insurance Territory Manager salary in India which ranges between ₹5.1 Lakhs to ₹8.9 Lakhs per year for employees with experience between 16 years to 21 years. Check how did we calculate take home salary?

What is the notice period for Territory Manager at General Insurance?

According to AmbitionBox, 67% of the General Insurance Territory Managers reported a notice period of 3 Months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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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.