HDFC Ergo General Insurance Territory Manager Salaries by 10+ Employees (Updated 2025)

5 - 18 years exp.

₹4 Lakhs - ₹10 Lakhs

Salary of majority employees

7% less than the average Territory Manager Salary in Insurance Companies for 5 - 18 years of experience

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Salaries in different departments

BFSI, Investments & Trading Territory Manager Salary 5 - 18 years exp. (9 salaries)	₹4 L/yr - ₹8.8 L/yr
Sales & Business Development Territory Manager Salary 9 - 18 years exp. (6 salaries)	₹6 L/yr - ₹10 L/yr
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Marketing & Communication Territory Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹7.8 L/yr

Last Updated: 18 Feb 2025

Companies similar to HDFC Ergo General Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 23 years exp. (222 salaries)	₹3.7 L/yr - ₹8.5 L/yr 7% less	2 job openings
HDFC Life Territory Manager Salary 9 - 20 years exp. (150 salaries)	₹11.3 L/yr - ₹21 L/yr 111% more
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Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (100 salaries)	₹4 L/yr - ₹12 L/yr 2% more
SBI Life Insurance Company Territory Manager Salary 4 - 16 years exp. (109 salaries)	₹4 L/yr - ₹7.1 L/yr 23% less
Tata AIA Life Insurance Territory Manager Salary 5 - 14 years exp. (78 salaries)	₹5.5 L/yr - ₹10.5 L/yr 13% more	2 job openings
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (42 salaries)	₹5.6 L/yr - ₹14 L/yr 30% more
Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (42 salaries)	₹7.2 L/yr - ₹17 L/yr 91% more
Axis Max Life Insurance Territory Manager Salary 10 - 18 years exp. (39 salaries)	₹7.5 L/yr - ₹19 L/yr 91% more
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 13 years exp. (11 salaries)	₹6 L/yr - ₹9 L/yr 2% less
Shriram Life Insurance Territory Manager Salary 3 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7.2 L/yr 36% less
ICICI Prudential Life Insurance Territory Manager Salary 7 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹6.2 L/yr 17% less
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Aditya Birla Insurance Brokers Territory Manager Salary 6 - 14 years exp. (4 salaries)	₹5 L/yr - ₹8 L/yr 5% less

Territory Manager salary at HDFC Ergo General Insurance ranges between ₹4 Lakhs to ₹10 Lakhs per year for employees with experience between 5 years to 18 years. Salary estimates are based on 18 latest salaries received from various employees of HDFC Ergo General Insurance.

Experience wise HDFC Ergo General Insurance Territory Manager salaries

Last Updated: 18 Feb 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹10.2 L/yr
6 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
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7 years (AmbitionBox Estimate)	₹5 L/yr - ₹11 L/yr
8 years (AmbitionBox Estimate)	₹5 L/yr - ₹11.3 L/yr
9 years (AmbitionBox Estimate)	₹6 L/yr - ₹6.9 L/yr
10 years (AmbitionBox Estimate)	₹6 L/yr - ₹12 L/yr
11 years (AmbitionBox Estimate)	₹6 L/yr - ₹12.4 L/yr
12 years (AmbitionBox Estimate)	₹6 L/yr - ₹12.7 L/yr
13 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹13.1 L/yr
14 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
15+ years (6 salaries)	₹3.2 L/yr - ₹10 L/yr

View all

From

Territory Manager

5 - 18 years exp.

Area Sales Manager

7 - 18 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in HDFC Ergo General Insurance

Territory Sales Manager Salary

(17 salaries)

₹4 L/yr - ₹7.2 L/yr

Deputy Manager Salary

(958 salaries)

₹3.2 L/yr - ₹10.25 L/yr

Area Manager Salary

(40 salaries)

₹6 L/yr - ₹12.5 L/yr

Territory Business Manager Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Area Sales Manager Salary

(144 salaries)

₹4.94 L/yr - ₹17.15 L/yr

Sales Manager Salary

(285 salaries)

₹2.4 L/yr - ₹7.7 L/yr

Senior Sales Manager Salary

(15 salaries)

₹3.6 L/yr - ₹9.5 L/yr

Relationship Manager Salary

(82 salaries)

₹2 L/yr - ₹6 L/yr

Team Lead Salary

(43 salaries)

₹2.5 L/yr - ₹5.43 L/yr

Assistant Sales Manager Salary

(30 salaries)

₹2.6 L/yr - ₹5.25 L/yr

Salary related reviews for HDFC Ergo General Insurance

5.0

Rated by 1 employees for salary & benefits

Deputy Manager in Surat

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 26 Nov 2024

3.0

for Salary and Benefits

Likes

Employee can manage his/her work life balance at this organization.

Job security - Excellent

+2 more

Dislikes

...the cost cutting which effects Employee's conveyance, variable, appraisals etc.. This means Ergo has to improve the adequate pay scale as per Employee's skills and performance.

Skill development - Poor

+1 more

Sales Executive in Noida

Full Time

Other Department

5.0

• posted on 14 Jul 2020

5.0

for Salary and Benefits

Likes

Manager are more cooperative , i am happy with management and also they will give salary on time in this pandemic situation.

Salary - Excellent

+6 more

Dislikes

Everything is fine but i am not happy with my salary. Salary is too low as compared my work. I am too dedicated to my work .

Sales Officer in Noida

Customer Success, Service & Operations Department

5.0

• posted on 10 Jun 2020

5.0

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 every

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Territory Sales Manager in Bhubaneswar

BFSI, Investments & Trading Department

4.0

• posted on 16 Oct 2020

4.0

for Salary and Benefits

Likes

... company to work with. All employees are supportive from FLS level to top level. Salary, incentive and promotion structure is good which plays a supportive role to encourage the employees.

Salary - Good

+6 more

Dislikes

Employees favouritism is there so no one should expect appraisal on the basis of performance.

Sales Executive in Hubli

BFSI, Investments & Trading Department

5.0

• posted on 05 Sep 2020

3.0

for Salary and Benefits

Likes

...e well..every 3months they will arrange trips.hdfc ergo we were like a family..they will provide on time salary and good bonus.. as a part of HDFC ERGO I personally enjoyed a lot

Skill development - Excellent

+4 more

Dislikes

Nil

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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HDFC Ergo General Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at HDFC Ergo General Insurance ?

The average salary of a Territory Manager at HDFC Ergo General Insurance in India typically ranges from ₹4.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 5 years to 18 years).

The top 10% of Territory Manager at HDFC Ergo General Insurance earn more than ₹9.6 Lakhs per year, and the top 1% earn over ₹10.0 Lakhs per year. Territory Manager Salaries at HDFC Ergo 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 10+ HDFC Ergo General Insurance employees in India.

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

The estimated take-home salary of a Territory Manager at HDFC Ergo General Insurance in India typically ranges from ₹52,274 to ₹53,573 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 5 years to 18 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 10+ salaries received from various employees of HDFC Ergo General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

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

HDFC Life	₹11.3 Lakhs to ₹21.0 Lakhs per year
Axis Max Life Insurance	₹7.5 Lakhs to ₹19.0 Lakhs per year
Star Health & Allied Insurance	₹7.2 Lakhs to ₹17.0 Lakhs per year
ICICI Lombard General Insurance Company	₹5.6 Lakhs to ₹14.0 Lakhs per year
Tata AIA Life Insurance	₹5.5 Lakhs to ₹10.5 Lakhs per year

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

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

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

Reliance Nippon Life Insurance	₹4.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.0 Lakhs to ₹9.0 Lakhs per year
Aditya Birla Insurance Brokers	₹5.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance	₹3.7 Lakhs to ₹8.5 Lakhs per year
ICICI Prudential Life Insurance	₹5.5 Lakhs to ₹6.2 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 HDFC Ergo General Insurance in India?

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

Experience	Average Salary Range
5 years	₹4.0 Lakhs to ₹10.2 Lakhs per year
6 years	₹5.3 Lakhs to ₹6.8 Lakhs per year
7 years	₹5.0 Lakhs to ₹11.0 Lakhs per year
8 years	₹5.0 Lakhs to ₹11.3 Lakhs per year

and so on.

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HDFC Ergo General Insurance Territory Manager Salaries

HDFC Ergo General Insurance Territory Manager salary in India ranges between ₹4 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.