ICICI Prudential Life Insurance Territory Manager Salaries by 4 Employees

7 - 9 years exp.

₹5.5 Lakhs - ₹6.2 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

23% less than the average Territory Manager Salary in Insurance Companies for 7 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading Territory Manager Salary 7 - 8 years exp. (AmbitionBox Estimate)	₹5 L/yr - ₹6.1 L/yr
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Customer Success, Service & Operations Territory Manager Salary 7 years exp. (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.3 L/yr

Last Updated: 25 Jun 2023

Companies similar to ICICI Prudential Life Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Territory Manager Salary 4 - 17 years exp. (266 salaries)	₹4.3 L/yr - ₹10.3 L/yr 30% more	6 job openings
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 23 years exp. (230 salaries)	₹3.7 L/yr - ₹8.5 L/yr 12% more	2 job openings
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HDFC Life Territory Manager Salary 9 - 20 years exp. (150 salaries)	₹11.3 L/yr - ₹21 L/yr 153% more
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (100 salaries)	₹4 L/yr - ₹12 L/yr 22% more
SBI Life Insurance Company Territory Manager Salary 4 - 16 years exp. (110 salaries)	₹4 L/yr - ₹7.1 L/yr 5% less
Tata AIA Life Insurance Territory Manager Salary 5 - 10 years exp. (57 salaries)	₹5.2 L/yr - ₹10.5 L/yr 35% more
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (42 salaries)	₹5.6 L/yr - ₹14 L/yr 57% more
Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (42 salaries)	₹7.2 L/yr - ₹17 L/yr 130% more
Axis Max Life Insurance Territory Manager Salary 10 - 18 years exp. (39 salaries)	₹7.5 L/yr - ₹19 L/yr 130% more
HDFC Ergo General Insurance Territory Manager Salary 5 - 18 years exp. (18 salaries)	₹4 L/yr - ₹10 L/yr 20% more
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 13 years exp. (11 salaries)	₹6 L/yr - ₹9 L/yr 18% more
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Shriram Life Insurance Territory Manager Salary 3 - 10 years exp. (9 salaries)	₹3 L/yr - ₹7.2 L/yr 23% less
Life Insurance Corporation of India Territory Manager Salary 7 - 15 years exp. (6 salaries)	₹4 L/yr - ₹11.5 L/yr 36% more
SBI General Insurance Territory Manager Salary 16 - 20 years exp. (4 salaries)	₹5.2 L/yr - ₹9.3 L/yr 7% more
Aditya Birla Insurance Brokers Territory Manager Salary 6 - 14 years exp. (4 salaries)	₹5 L/yr - ₹8 L/yr 14% more

Territory Manager salary at ICICI Prudential Life Insurance ranges between ₹5.5 Lakhs to ₹6.2 Lakhs per year for employees with experience between 7 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Prudential Life Insurance.

Experience wise ICICI Prudential Life Insurance Territory Manager salaries

Last Updated: 25 Jun 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹5.8 L/yr
8 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.4 L/yr
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9 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.2 L/yr

Similar Designation salaries in ICICI Prudential Life Insurance

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Salary related reviews for ICICI Prudential Life Insurance

Area Sales Manager in Indore

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 13 Jul 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...relieving & fnf settlement was comunicted verbaly for whch I had ask in writing. But it was asured dt recovery amt ll nt vary & latr thy givn recovery of gross salary which is high. When I not worked then also they added hra, supplementary allowance, statutory bonus in my recovery amt. Firstly If i have not taken any benfits with organization then recovery is not calculated and If the recovery calculated then it is always calculated on monthly basic salary.Rest all are additional benefits given to the employee. But then also ipru charged me recovery of 2month gross salary. As I have to get my reliveing letter so i had paid the recovery. But now I am writing the complaint as I was charged too. Pls help me out for it.

Salary - Bad

+6 more

Sales Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 17 Jan 2023

3.0

for Salary and Benefits

Likes

Skill development Salary and benefits

Skill development - Good

+1 more

Dislikes

No dislikes but everything depends on the manager you report and the channel you get in this company. If your in partner handling channel . Your manager will give so much respect and importance to the partner but not you . He will not understand your problem .

Promotions - Poor

+1 more

Business Development Executive in Bangalore / Bengaluru

Marketing & Communication Department

1.0

• posted on 26 Apr 2022

1.0

for Salary and Benefits

Likes

...sive word. Never Suggest anyone to work here, specially for sales job profile. Pros: salary on time and job security

Job security - Good

Dislikes

Salary - Bad
Skill development - Bad

+4 more

Relationship Manager in Saharsa

Customer Success, Service & Operations Department

5.0

• posted on 12 Aug 2021

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 year.

Salary - Excellent

+6 more

Sales Manager in Kolkata

BFSI, Investments & Trading Department

5.0

• posted on 15 Jul 2021

5.0

for Salary and Benefits

Likes

Digital process , Good work environment and culture, teammates are supportive and the management is transparent.

Salary - Excellent

+6 more

Dislikes

Low salary compare to others company in same industry,now a days there is a lot of politics

see more salary related reviews

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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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ICICI Prudential Life Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at ICICI Prudential Life Insurance ?

The average salary of a Territory Manager at ICICI Prudential Life Insurance in India typically ranges from ₹5.5 Lakhs to ₹6.2 Lakhs per year, depending on experience (from 7 years to 9 years).

The top 10% of Territory Manager at ICICI Prudential Life Insurance earn more than ₹6.2 Lakhs per year, and the top 1% earn over ₹6.2 Lakhs per year. Territory Manager Salaries at ICICI Prudential Life 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 4 ICICI Prudential Life Insurance employees in India.

What is the estimated take home salary of a Territory Manager at ICICI Prudential Life Insurance in India?

The estimated take-home salary of a Territory Manager at ICICI Prudential Life Insurance in India typically ranges from ₹43,990 to ₹45,096 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹6.2 Lakhs per year for employees with experience ranging from 7 years to 9 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 4 salaries received from various employees of ICICI Prudential Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Prudential Life 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
Life Insurance Corporation of India	₹4.0 Lakhs to ₹11.5 Lakhs per year

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

What is the salary of a Territory Manager in companies similar to ICICI Prudential Life Insurance in India?

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

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
HDFC Ergo General Insurance	₹4.0 Lakhs to ₹10.0 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 Prudential Life Insurance in India?

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

Experience	Average Salary Range
7 years	₹5.5 Lakhs to ₹5.8 Lakhs per year
8 years	₹5.5 Lakhs to ₹10.4 Lakhs per year
9 years	₹2.4 Lakhs to ₹6.2 Lakhs per year

and so on.

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ICICI Prudential Life Insurance Territory Manager Salaries

ICICI Prudential Life Insurance Territory Manager salary in India ranges between ₹5.5 Lakhs to ₹6.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 ICICI Prudential Life Insurance latest salaries received from various employees of ICICI Prudential Life Insurance.