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

9 - 20 years exp.

₹10.1 Lakhs - ₹17.2 Lakhs

Salary of majority employees

73% more than the average Territory Manager Salary in Insurance Companies for 9 - 20 years of experience

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Salaries in different departments

Sales & Business Development Territory Manager Salary 9 - 20 years exp. (11 salaries)	₹11.7 L/yr - ₹17.2 L/yr
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BFSI, Investments & Trading Territory Manager Salary 9 - 16 years exp. (8 salaries)	₹9.3 L/yr - ₹16.9 L/yr

Last Updated: 24 May 2024

Companies similar to HDFC Life for Territory Manager in Mumbai

HDFC Life Territory Manager Salary

9 - 20 years exp. (20 salaries)

₹10.1 L/yr - ₹17.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Territory Manager Salary 5 - 12 years exp. (6 salaries)	₹6.5 L/yr - ₹8.5 L/yr 43% less	5 job openings
Bajaj Allianz Life Insurance Territory Manager Salary 5 - 15 years exp. (15 salaries)	₹4.5 L/yr - ₹10 L/yr 53% less
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Max Life Insurance Territory Manager Salary 13 - 16 years exp. (3 salaries)	₹10.4 L/yr - ₹16 L/yr 3% less
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 10 years exp. (14 salaries)	₹6.6 L/yr - ₹11.1 L/yr 37% less
PNB MetLife Territory Manager Salary 4 - 13 years exp. (12 salaries)	₹5 L/yr - ₹10.2 L/yr 43% less	3 job openings

Territory Manager salary at HDFC Life ranges between ₹10.1 Lakhs to ₹17.2 Lakhs per year for employees with experience between 9 years to 20 years. Salary estimates are based on 20 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Territory Manager salaries in Mumbai

Last Updated: 24 May 2024

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹4 L/yr - ₹18.1 L/yr
10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹19.3 L/yr
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11 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹20.4 L/yr
12 years (4 salaries)	₹5.3 L/yr - ₹17.2 L/yr
13 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹22.7 L/yr
14 years (3 salaries)	₹6.6 L/yr - ₹23.9 L/yr
15+ years (6 salaries)	₹10.3 L/yr - ₹16.9 L/yr

View all

Similar Designation salaries in HDFC Life

Deputy Manager Salary

(428 salaries)

₹3.5 L/yr - ₹14.4 L/yr

Relationship Manager Salary

(93 salaries)

₹2 L/yr - ₹4.5 L/yr

Sales Manager Salary

(90 salaries)

₹2.2 L/yr - ₹7.15 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

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

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Salary - Poor

+4 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Job security - Good

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

Salary - Bad

+5 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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HDFC Life Territory Manager Salary FAQs

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

Territory Manager salary at HDFC Life in Mumbai ranges between ₹10.1 Lakhs to ₹17.2 Lakhs for experience between 9 years to 20 years. According to our estimates it is 73% more than the average Territory Manager Salary in India. Salary estimates are based on 20 latest salaries received from various employees of HDFC Life Mumbai.

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

The average salary of a Territory Manager at HDFC Life is 73% more 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 HDFC Life?

Group Sales, Corporate Banking, Enterprise Sales, private banking and Target Achievement are some of the popular skills required to work as a Territory Manager at HDFC Life Mumbai.

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

Max Life Insurance Territory Manager Salary - ₹10.4 Lakhs to ₹16.0 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
Bajaj Allianz Life Insurance Territory Manager Salary - ₹4.5 Lakhs to ₹10.0 Lakhs per year

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 ranges between ₹95,321 per month to ₹97,891 per month in Mumbai. The take-home salary calculation is based on the average HDFC Life Territory Manager salary in India which ranges between ₹10.1 Lakhs to ₹17.2 Lakhs per year for employees with experience between 9 years to 20 years. Check how did we calculate take home salary?

What is the notice period for Territory Manager at HDFC Life in Mumbai?

According to AmbitionBox, 64% of the HDFC Life Territory Managers in Mumbai reported a notice period of 3 Months, 18% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 11 responses on AmbitionBox in last 2 years.

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HDFC Life Territory Manager Salaries in Mumbai

HDFC Life Territory Manager salary in Mumbai ranges between ₹10.1 Lakhs to ₹17.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 HDFC Life latest salaries received from various employees of HDFC Life.