HDFC Life Mumbai Territory Manager Salaries by 20+ Employees (Updated 2025)

9 - 20 years exp.

₹10.2 Lakhs - ₹18 Lakhs

Avg. annual salary

Monthly In-hand Salary

64% more than the average Territory Manager Salary in Insurance Companies for 9 - 20 years of experience

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Salaries in different departments

BFSI, Investments & Trading Territory Manager Salary 9 - 16 years exp. (10 salaries)	₹10 L/yr - ₹16.9 L/yr
Sales & Business Development Territory Manager Salary 9 - 20 years exp. (10 salaries)	₹5.7 L/yr - ₹17.4 L/yr
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Marketing & Communication Territory Manager Salary 9 years exp. (AmbitionBox Estimate)	₹10.4 L/yr - ₹18 L/yr

Last Updated: 26 Feb 2025

Companies similar to HDFC Life for Territory Manager in Mumbai

HDFC Life Territory Manager Salary

9 - 20 years exp. (22 salaries)

₹10.2 L/yr - ₹18 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 10 years exp. (14 salaries)	₹6.6 L/yr - ₹11.1 L/yr 37% less
Bajaj Allianz Life Insurance Territory Manager Salary 5 - 15 years exp. (14 salaries)	₹4.5 L/yr - ₹8 L/yr 50% less	2 job openings
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PNB MetLife Territory Manager Salary 4 - 13 years exp. (11 salaries)	₹5 L/yr - ₹10.2 L/yr 43% less	6 job openings
Tata AIA Life Insurance Territory Manager Salary 5 - 10 years exp. (5 salaries)	₹6.5 L/yr - ₹8.5 L/yr 44% less
Axis Max Life Insurance Territory Manager Salary 13 - 16 years exp. (3 salaries)	₹10.4 L/yr - ₹16 L/yr 3% less

Territory Manager salary at HDFC Life ranges between ₹10.2 Lakhs to ₹18 Lakhs per year for employees with experience between 9 years to 20 years. Salary estimates are based on 22 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Territory Manager in Mumbai

1mo ago

₹18 Lakhs

9 years exp.

10mo ago

₹13.3 Lakhs

20 years exp.

1y ago

₹5.3 Lakhs

12 years exp.

1y ago

₹5.5 Lakhs

10 years exp.

1y ago

₹6.6 Lakhs

14 years exp.

1y ago

10 years exp.

1y ago

15 years exp.

1y ago

9 years exp.

1y ago

9 years exp.

1y ago

14 years exp.

Experience wise HDFC Life Territory Manager salaries in Mumbai

Last Updated: 26 Feb 2025

Experience	Avg Annual Salary
9 years (3 salaries)	₹4.1 L/yr - ₹18 L/yr
10 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹12.5 L/yr
Login to view exact salary
11 years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.2 L/yr
12 years (3 salaries)	₹5.3 L/yr - ₹21.7 L/yr
13 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.6 L/yr
14 years (4 salaries)	₹5.4 L/yr - ₹23.9 L/yr
15+ years (7 salaries)	₹7 L/yr - ₹16.9 L/yr

View all

From

Territory Manager

9 - 20 years exp.

Senior Manager

2 - 20 years exp.

From

View 1 more level

Territory Manager

9 - 20 years exp.

Associate Head Regional

12 - 22 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 Life

Deputy Manager Salary

(435 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Relationship Manager Salary

(94 salaries)

₹2 L/yr - ₹5 L/yr

Sales Manager Salary

(91 salaries)

₹2.2 L/yr - ₹7.5 L/yr

Area Manager Salary

(32 salaries)

₹13.3 L/yr - ₹19 L/yr

Senior Sales Manager Salary

(12 salaries)

₹4.7 L/yr - ₹7.5 L/yr

Territory Sales Manager Salary

(5 salaries)

₹4.5 L/yr - ₹14 L/yr

Senior Territory Manager Salary

(3 salaries)

₹5.85 L/yr - ₹12.2 L/yr

Top skills at HDFC Life for Territory Manager

Group Sales Corporate Banking Enterprise Sales private banking Target Achievement Relationship Management Regional Management Market Mapping

Salary related reviews for HDFC Life

2.2

Rated by 7 employees for salary & benefits

Territory Manager in Mumbai

Sales & Business Development Department

1.0

• posted on 11 Apr 2022

1.0

for Salary and Benefits

Likes

Literally nothing

Dislikes

...c targets, no support from seniors instead they pressurise you beyond reason. Zilch in the name of L&D, Worst IT infrastructure, they can’t even pay for outlook, they use free version of Notes even for mails.

Salary - Bad

+6 more

Sales Manager in Cuttack

Full Time

CSR & Social Service Department

4.0

• posted on 23 Mar 2025

2.0

for Salary and Benefits

Likes

The company has lots of data, They r learning you in first stage and after that they r find a way to indicate you wrongly.

Job security - Good

Dislikes

Less salary, no support from trainer, biggest layers, no leaves, no support from L1 and above, no motivation only needed business, so if u r afresher think twice before joining.

Salary - Poor

Business Development Manager in Bijnor

Full Time

Marketing & Communication Department

5.0

• posted on 10 Feb 2025

1.0

for Salary and Benefits

Likes

Hello team m Rishabh Rastogi from HDFC LIFE Bijnor Branch, there is a lot of pressure here for work and HDFC Life is a very good brand but there are no facilities for the employees in the office.

Work-life balance - Excellent

Dislikes

Here the calculation is less Here the salary is very high as compared to low and the facilities are also very less, the promotions target is very high and there are many parameters.

Salary - Bad

+4 more

Business Development Manager in Vasai-Virar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2024

3.0

for Salary and Benefits

Likes

You get salary on time.

Dislikes

Late night sitting unnecessarily, Rude and rough language usage by bosses inspite of men or women, Depreciation, Don't follow code of conduct,Don't respect staffs ,only business and results, lack of co-operation and team work, Insist for hard drinks ,Bad behaviour, don't get leave if you don't perform, bias nature.

Work satisfaction - Bad

+2 more

Sales Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 24 Oct 2023

3.0

for Salary and Benefits

Likes

Already they are top in insurance sector so people know about this company that's good part.

Dislikes

...se that's why they are doing insurance these are the facts they take advantage In small salary package thier expectation is more than crore For a freshers Or 2 years experience not good place to work You have to travel every single day like a horse (on your money) Many more people don't share because they sacred if they share they can't get job because these people leaves and they go to another company so it's like round like earth anyone can meet anywhere In 100 people only will success 2

Skill development - Poor

+5 more

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Top trending discussions

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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HDFC Life Territory Manager Salary FAQs

What is the salary of Territory Manager at HDFC Life in Mumbai?

The average salary of a Territory Manager at HDFC Life in Mumbai typically ranges from ₹10.2 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 9 years to 20 years).

The top 10% of Territory Manager in Mumbai at HDFC Life earn more than ₹14.3 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Territory Manager Salaries at HDFC Life 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 20+ HDFC Life employees in India.

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

The estimated take-home salary of a Territory Manager at HDFC Life in Mumbai typically ranges from ₹95,307 to ₹97,878 per month. This is based on the average salary range of ₹10.2 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 9 years to 20 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 20+ salaries received from various employees of HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Territory Manager at HDFC Life in Mumbai?

To be a Territory Manager at HDFC Life in Mumbai, the key skills required include:

- Group Sales
- Corporate Banking
- Enterprise Sales
- private banking
- Target Achievement

These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.

What is the salary of a Territory Manager in companies similar to HDFC Life in Mumbai?

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

Axis Max Life Insurance	₹10.4 Lakhs to ₹16.0 Lakhs per year
ICICI Lombard General Insurance Company	₹6.6 Lakhs to ₹11.1 Lakhs per year
PNB MetLife	₹5.0 Lakhs to ₹10.2 Lakhs per year
Tata AIA Life Insurance	₹6.5 Lakhs to ₹8.5 Lakhs per year
Bajaj Allianz Life Insurance	₹4.5 Lakhs to ₹8.0 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 HDFC Life in Mumbai?

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

Experience	Average Salary Range
9 years	₹4.1 Lakhs to ₹18.0 Lakhs per year
10 years	₹9.7 Lakhs to ₹12.5 Lakhs per year
11 years	₹10.3 Lakhs to ₹13.2 Lakhs per year
12 years	₹5.3 Lakhs to ₹21.7 Lakhs per year

and so on.

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HDFC Life Territory Manager Salaries in Mumbai

HDFC Life Territory Manager salary in Mumbai ranges between ₹10.2 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 22 HDFC Life latest salaries received from various employees of HDFC Life.