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ICICI Lombard General Insurance Company Territory Manager salaries in India

Annual salary range
1 - 15 years exp.
₹5.6 Lakhs - ₹14 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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21% more than the average Territory Manager Salary in Insurance Companies for 1 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Territory Manager Salary
1 - 12 years exp. (21 salaries)
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₹6 L/yr - ₹10 L/yr

Sales & Business Development
Territory Manager Salary
1 - 15 years exp. (12 salaries)
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₹5.6 L/yr - ₹14 L/yr

Last Updated: 6 Sep 2023

Companies similar to ICICI Lombard General Insurance Company for Territory Manager

Company name Avg Annual Salary Open Jobs
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PNB MetLife Territory Manager Salary

4 - 17 years exp. (266 salaries)

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₹4.3 L/yr - ₹10.3 L/yr

arrow icon 17% less
6 job openings
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₹3.7 L/yr - ₹8.5 L/yr

arrow icon 28% less
2 job openings
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HDFC Life Territory Manager Salary

9 - 20 years exp. (150 salaries)

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₹11.3 L/yr - ₹21 L/yr

arrow icon 62% more
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₹4 L/yr - ₹12 L/yr

arrow icon 22% less
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₹4 L/yr - ₹7.1 L/yr

arrow icon 39% less
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₹5.2 L/yr - ₹10.5 L/yr

arrow icon 14% less
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₹7.2 L/yr - ₹17 L/yr

arrow icon 47% more
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₹6.5 L/yr - ₹13 L/yr

arrow icon 10% more
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Axis Max Life Insurance Territory Manager Salary

10 - 18 years exp. (39 salaries)

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₹7.5 L/yr - ₹19 L/yr

arrow icon 47% more
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₹4.5 L/yr - ₹8.1 L/yr

arrow icon 26% less
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₹6 L/yr - ₹9 L/yr

arrow icon 25% less
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₹3 L/yr - ₹7.2 L/yr

arrow icon 51% less
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₹4 L/yr - ₹11.5 L/yr

arrow icon 13% less
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₹5.5 L/yr - ₹6.2 L/yr

arrow icon 36% less
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SBI General Insurance Territory Manager Salary

16 - 20 years exp. (4 salaries)

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₹5.2 L/yr - ₹9.3 L/yr

arrow icon 31% less
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Tata AIG Territory Manager Salary

3 - 8 years exp. (4 salaries)

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₹4.5 L/yr - ₹5.3 L/yr

arrow icon 45% less
Territory Manager salary at ICICI Lombard General Insurance Company ranges between ₹5.6 Lakhs to ₹14 Lakhs per year for employees with experience between 1 year to 15 years. Salary estimates are based on 42 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Territory Manager

1y ago
₹6.5 Lakhs
7 years exp.
1y ago
₹8.8 Lakhs
6 years exp.
1y ago
₹8 Lakhs
5 years exp.
1y ago
₹8.1 Lakhs
10 years exp.
1y ago
₹11 Lakhs
8 years exp.
1y ago
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11 years exp.
1y ago
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2 years exp.
1y ago
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12 years exp.
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10 years exp.
1y ago
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3 years exp.

Experience wise ICICI Lombard General Insurance Company Territory Manager salaries

Last Updated: 6 Sep 2023

Experience Avg Annual Salary
1 year  (7 salaries)

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₹6 L/yr - ₹8.7 L/yr
2 years  (4 salaries)

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₹5.6 L/yr - ₹8.8 L/yr
3 years  (6 salaries)

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₹6.6 L/yr - ₹10 L/yr
4 years  (3 salaries)

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₹6.6 L/yr - ₹10 L/yr
5 years  (4 salaries)

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₹7.8 L/yr - ₹8.8 L/yr
View all

Similar Designation salaries in ICICI Lombard General Insurance Company

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₹4.5 L/yr - ₹13 L/yr
Deputy Manager Salary
(15 salaries)
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₹4.65 L/yr - ₹13.25 L/yr
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₹4.7 L/yr - ₹10.45 L/yr
Area Manager Salary
(43 salaries)
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₹6.8 L/yr - ₹20 L/yr
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₹5.95 L/yr - ₹22.36 L/yr
Sales Manager Salary
(566 salaries)
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₹2 L/yr - ₹11.36 L/yr
Territory Sales Incharge Salary
(AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr
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₹4.5 L/yr - ₹16 L/yr
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₹2.5 L/yr - ₹8.6 L/yr
Team Lead Salary
(126 salaries)
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₹1.05 L/yr - ₹8.5 L/yr

Top skills at ICICI Lombard General Insurance Company for Territory Manager

Sales Promotion General Insurance Area Sales Management Territory Management Promotions Insurance Broking Sales Promotion Market Intelligence Broking Marine Insurance Insurance Broking General Insurance Sales

Salary related reviews for ICICI Lombard General Insurance Company

3.6

Rated by 3 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 07 Mar 2024

2.0
 for  Salary and Benefits

Likes

Good organization but motor claim department having lot of work load and there is very much biased in ratings and promotion

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Dislikes

...year of my carrier I got only one promotion and one good ratings Started with 2.4 lakh and ended with 8 lakhs package per annum

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  • Salary - Poor
  • +6 more

Full Time

 · 

KRG Department

1.0
  •  posted on 07 Feb 2022

1.0
 for  Salary and Benefits

Likes

Pros: Brand name Tech savy High Variable pay (not sure whether we'll get it or not) Cons: No one gives a f*ck about ur issues. No owing of responsibility. Completely tech driven, no human interaction as the system would assign everything. People won't attend calls. Your problem is your problem, none of our Problem. High Pressure to achieve target without top level and ground level support. Except sales no one will work on Saturday.

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Dislikes

  • Salary - Bad
  • Skill development - Bad
  • +3 more

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 20 Jan 2022

5.0
 for  Salary and Benefits

Likes

...agers. And also I find the management is very much transparent to the employers. Company policies are good, appreciation and appraisals are fair and they give good salary hike and bouns every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

I feel work culture towards timings they have to rework ... employee in that company I felt very stretch timings towards work not able to find the timing for my personal life.

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Customer Success, Service & Operations Department

4.0
  •  posted on 23 Nov 2020

3.0
 for  Salary and Benefits

Likes

...vironmenta also good & huge cafeteria as well as gaming activities for chilling. Company policy are good, appraisal for fair and they give good salary hoke and bonus every year.

read more
  • Skill development - Good

BFSI, Investments & Trading Department

3.0
  •  posted on 07 May 2021

1.0
 for  Salary and Benefits

Likes

ICICI Lombard is a good company to work but there will be not any increment in the salary and every person are thinking about only business not a one thinks about employees satisfaction or employees enjoyment. Higher management only consider thier position not for bottom employees

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Dislikes

The higher management should have to take care of sales executive also ,the managers thinks about their performance only even they are not thinking about executive ,they only pressuring for the business, not a one person thinks about executive health.

read more
  • Salary - Bad
  • +5 more
see more salary related reviews

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What people are saying about ICICI Lombard General Insurance Company

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ICICI Lombard General Insurance Company Territory Manager Salary FAQs

What is the salary of Territory Manager at ICICI Lombard General Insurance Company ?
The average salary of a Territory Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹5.6 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 1 year to 15 years).

The top 10% of Territory Manager at ICICI Lombard General Insurance Company earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Territory Manager Salaries at ICICI Lombard General Insurance Company 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 40+ ICICI Lombard General Insurance Company employees in India.
What is the estimated take home salary of a Territory Manager at ICICI Lombard General Insurance Company in India?
The estimated take-home salary of a Territory Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹66,170 to ₹67,862 per month. This is based on the average salary range of ₹5.6 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 1 year to 15 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 40+ salaries received from various employees of ICICI Lombard General Insurance Company. 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 ICICI Lombard General Insurance Company ?
To be a Territory Manager at ICICI Lombard General Insurance Company in india, the key skills required include:

  • - Sales Promotion
  • - General Insurance
  • - Area Sales Management
  • - Territory Management
  • - Promotions

These skills are highly valued at ICICI Lombard General Insurance Company and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than ICICI Lombard General Insurance Company 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
Reliance General Insurance ₹6.5 Lakhs to ₹13.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Lombard General Insurance Company, depending on the role and experience level.
What is the salary of a Territory Manager in companies similar to ICICI Lombard General Insurance Company in India?
The salary of a Territory Manager at companies similar to ICICI Lombard General Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Life Insurance Corporation of India ₹4.0 Lakhs to ₹11.5 Lakhs per year
Tata AIA Life Insurance ₹5.2 Lakhs to ₹10.5 Lakhs per year
PNB MetLife ₹4.3 Lakhs to ₹10.3 Lakhs per year
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

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 ICICI Lombard General Insurance Company in India?
The salary growth for a Territory Manager at ICICI Lombard General Insurance Company depends on factors such as experience, performance, and promotions. On average, a Territory Manager can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
1 year ₹6.0 Lakhs to ₹8.7 Lakhs per year
2 years ₹5.6 Lakhs to ₹8.8 Lakhs per year
3 years ₹6.6 Lakhs to ₹10.0 Lakhs per year
4 years ₹6.6 Lakhs to ₹10.0 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Territory Manager salary in India ranges between ₹5.6 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 42 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.