HDFC Life Territory Sales Manager Salaries by 10+ Employees

2 - 21 years exp.

₹3.9 Lakhs - ₹16 Lakhs

Salary of majority employees

29% more than the average Territory Sales Manager Salary in Insurance Companies for 2 - 21 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development Territory Sales Manager Salary 2 - 14 years exp. (4 salaries)	₹4.5 L/yr - ₹10.9 L/yr
BFSI, Investments & Trading Territory Sales Manager Salary 11 - 20 years exp. (3 salaries)	₹11.5 L/yr - ₹14 L/yr
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Project & Program Management Territory Sales Manager Salary 15 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹12.5 L/yr

Last Updated: 2 May 2024

Companies similar to HDFC Life for Territory Sales Manager

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Territory Sales Manager Salary 5 - 14 years exp. (300 salaries)	₹3.8 L/yr - ₹11 L/yr 18% less	27 job openings
PNB MetLife Territory Sales Manager Salary 4 - 13 years exp. (221 salaries)	₹3.7 L/yr - ₹8 L/yr 44% less
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SBI General Insurance Territory Sales Manager Salary 6 - 15 years exp. (51 salaries)	₹4 L/yr - ₹10.8 L/yr 23% less
Maruti Suzuki Insurance Broking Territory Sales Manager Salary 2 - 10 years exp. (45 salaries)	₹5.2 L/yr - ₹17.3 L/yr 7% more
ICICI Lombard General Insurance Company Territory Sales Manager Salary 0 - 10 years exp. (21 salaries)	₹4.5 L/yr - ₹13 L/yr 24% less
HDFC Ergo General Insurance Territory Sales Manager Salary 1 - 16 years exp. (17 salaries)	₹4 L/yr - ₹7.2 L/yr 45% less
SBI Life Insurance Company Territory Sales Manager Salary 5 - 16 years exp. (11 salaries)	₹4.9 L/yr - ₹6 L/yr 45% less
Bajaj Allianz Life Insurance Territory Sales Manager Salary 5 - 15 years exp. (9 salaries)	₹4.9 L/yr - ₹9.1 L/yr 32% less	1 job opening
ICICI Prudential Life Insurance Territory Sales Manager Salary 3 - 10 years exp. (4 salaries)	₹5 L/yr - ₹10.9 L/yr 36% less
Reliance Nippon Life Insurance Territory Sales Manager Salary 12 - 16 years exp. (4 salaries)	₹6.5 L/yr - ₹7.3 L/yr 28% less
Aditya Birla Sun Life Insurance Territory Sales Manager Salary 5 - 7 years exp. (4 salaries)	₹7 L/yr - ₹10 L/yr 18% less
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Kotak Mahindara Life Insurance Territory Sales Manager Salary 6 - 20 years exp. (4 salaries)	₹4.8 L/yr - ₹18 L/yr 15% less
Star Health & Allied Insurance Territory Sales Manager Salary 7 - 17 years exp. (3 salaries)	₹9 L/yr - ₹13.8 L/yr 40% more

Territory Sales Manager salary at HDFC Life ranges between ₹3.9 Lakhs to ₹16 Lakhs per year for employees with experience between 2 years to 21 years. Salary estimates are based on 16 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Territory Sales Manager salaries

Last Updated: 2 May 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹13.1 L/yr
3 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.7 L/yr
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4 years (AmbitionBox Estimate)	₹7 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹9.3 L/yr
6 years (AmbitionBox Estimate)	₹5 L/yr - ₹15 L/yr
7 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
8 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹12 L/yr
9 years (AmbitionBox Estimate)	₹8.2 L/yr - ₹10.5 L/yr
10 years (3 salaries)	₹5.5 L/yr - ₹16.9 L/yr
11 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹11.5 L/yr
12 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
13 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹14 L/yr
14 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹18.8 L/yr
15+ years (5 salaries)	₹9.5 L/yr - ₹16 L/yr

View all

Similar Designation salaries in HDFC Life

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Senior Territory Sales Manager Salary

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Senior Sales Officer Salary

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Top skills at HDFC Life for Territory Sales Manager

Sales Planning Bancassurance Business Development Team Management Client Relationship Management Channel Partners Sales

Salary related reviews for HDFC Life

3.8

Rated by 4 employees for salary & benefits

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

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

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

a system engineer

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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HDFC Life Territory Sales Manager Salary FAQs

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

The average salary of a Territory Sales Manager at HDFC Life in India typically ranges from ₹3.9 Lakhs to ₹16.0 Lakhs per year, depending on experience (from 2 years to 21 years).

The top 10% of Territory Sales Manager at HDFC Life earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹16.0 Lakhs per year. Territory Sales 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 10+ HDFC Life employees in India.

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

The estimated take-home salary of a Territory Sales Manager at HDFC Life in India typically ranges from ₹70,847 to ₹72,671 per month. This is based on the average salary range of ₹3.9 Lakhs to ₹16.0 Lakhs per year for employees with experience ranging from 2 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 10+ 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 Sales Manager at HDFC Life ?

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

- Sales Planning
- Bancassurance
- Business Development
- Team Management
- Client Relationship Management

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

Which companies offer higher salaries than HDFC Life for Territory Sales Manager in India?

Star Health & Allied Insurance	₹9.0 Lakhs to ₹13.8 Lakhs per year
Maruti Suzuki Insurance Broking	₹5.2 Lakhs to ₹17.3 Lakhs per year

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

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

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

Kotak Mahindara Life Insurance	₹4.8 Lakhs to ₹18.0 Lakhs per year
Tata AIA Life Insurance	₹3.8 Lakhs to ₹11.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.0 Lakhs to ₹10.0 Lakhs per year
SBI General Insurance	₹4.0 Lakhs to ₹10.8 Lakhs per year
ICICI Lombard General Insurance Company	₹4.5 Lakhs to ₹13.0 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 Sales Manager at HDFC Life in India?

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

Experience	Average Salary Range
2 years	₹4.5 Lakhs to ₹13.1 Lakhs per year
3 years	₹6.8 Lakhs to ₹8.7 Lakhs per year
4 years	₹7.0 Lakhs to ₹9.0 Lakhs per year
5 years	₹7.3 Lakhs to ₹9.3 Lakhs per year

and so on.

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HDFC Life Territory Sales Manager Salaries

HDFC Life Territory Sales Manager salary in India ranges between ₹3.9 Lakhs to ₹16 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 HDFC Life latest salaries received from various employees of HDFC Life.