Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by Magma HDI General Insurance Team. If you also belong to the team, you can get access from here

Magma HDI General Insurance Verified Tick

Compare button icon Compare button icon Compare
filter salariesFilter salaries by

Magma HDI General Insurance Territory Manager salaries in India

Annual salary range
9 - 17 years exp.
₹5.5 Lakhs - ₹18 Lakhs
Low Confidence
info icon
Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
unlock blur
unlock blur

54% more than the average Territory Manager Salary in Insurance Companies for 9 - 17 years of experience

Interested in this particular role?

Salaries in different departments

Sales & Business Development
Territory Manager Salary
9 - 10 years exp. (3 salaries)
unlock-blur

₹5.5 L/yr - ₹7.3 L/yr

BFSI, Investments & Trading
Territory Manager Salary
17 years exp. (AmbitionBox Estimate)
unlock-blur

₹16.2 L/yr - ₹19.8 L/yr

Last Updated: 8 Feb 2025

Companies similar to Magma HDI General Insurance for Territory Manager

Company name Avg Annual Salary Open Jobs
unlock blur

₹5.6 L/yr - ₹14 L/yr

arrow icon 21% less
unlock blur

₹4 L/yr - ₹10 L/yr

arrow icon 39% less
unlock blur

₹2.4 L/yr - ₹7 L/yr

arrow icon 55% less
unlock blur

₹6.5 L/yr - ₹13 L/yr

arrow icon 13% less
Logo
Tata AIG Territory Manager Salary

3 - 8 years exp. (4 salaries)

unlock blur

₹4.5 L/yr - ₹5.3 L/yr

arrow icon 57% less
unlock blur

₹4.9 L/yr - ₹11.2 L/yr

arrow icon 40% less
1 job opening
unlock blur

₹5 L/yr - ₹8.5 L/yr

arrow icon 40% less
2 job openings
unlock blur

₹5.4 L/yr - ₹10.1 L/yr

arrow icon 37% less
1 job opening
Logo
Max Life Insurance Territory Manager Salary

10 - 18 years exp. (39 salaries)

unlock blur

₹7.5 L/yr - ₹19 L/yr

arrow icon 20% more
unlock blur

₹3 L/yr - ₹7.2 L/yr

arrow icon 55% less
unlock blur

₹5 L/yr - ₹11 L/yr

arrow icon 31% less
unlock blur

₹11 L/yr - ₹15.9 L/yr

arrow icon 6% more
1 job opening
Logo
Digit Insurance Territory Manager Salary

15 - 23 years exp. (5 salaries)

unlock blur

₹5.7 L/yr - ₹9.2 L/yr

arrow icon 36% less
12 job openings
Logo
MetLife Territory Manager Salary

7 - 14 years exp. (4 salaries)

unlock blur

₹6 L/yr - ₹8.7 L/yr

arrow icon 35% less
Logo
Allianz Partners Territory Manager Salary

4 - 6 years exp. (3 salaries)

unlock blur

₹4 L/yr - ₹4.1 L/yr

arrow icon 65% less
Logo
SBI General Insurance Territory Manager Salary

16 - 19 years exp. (3 salaries)

unlock blur

₹5.2 L/yr - ₹9.3 L/yr

arrow icon 43% less
unlock blur

₹5.8 L/yr - ₹7.5 L/yr

arrow icon 41% less
unlock blur

₹3.1 L/yr - ₹9.5 L/yr

arrow icon 47% less
Territory Manager salary at Magma HDI General Insurance ranges between ₹5.5 Lakhs to ₹18 Lakhs per year for employees with experience between 9 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of Magma HDI General Insurance.

Latest annual salaries shared by Magma HDI General Insurance Territory Manager

2d ago
avg blur mobile
10 years exp.
2w ago
avg blur mobile
10 years exp.
4mo ago
avg blur mobile
9 years exp.
1y ago
avg blur mobile
17 years exp.
1y ago
avg blur mobile
10 years exp.

Experience wise Magma HDI General Insurance Territory Manager salaries

Last Updated: 8 Feb 2025

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

unlock blur

₹5.5 L/yr - ₹5.5 L/yr
10 years  (3 salaries)

unlock blur

₹5.5 L/yr - ₹7.3 L/yr
11 years (AmbitionBox Estimate)

unlock blur

₹7.4 L/yr - ₹9.5 L/yr
12 years (AmbitionBox Estimate)

unlock blur

₹8.9 L/yr - ₹11.3 L/yr
13 years (AmbitionBox Estimate)

unlock blur

₹10.3 L/yr - ₹13.2 L/yr
View all

Similar Designation salaries in Magma HDI General Insurance

unlock blur
₹6.65 L/yr - ₹14.5 L/yr
Deputy Manager Salary
(118 salaries)
unlock blur
₹5.45 L/yr - ₹10.5 L/yr
unlock blur
₹5.5 L/yr - ₹7.15 L/yr
Area Manager Salary
(5 salaries)
unlock blur
₹8.75 L/yr - ₹16.25 L/yr
unlock blur
₹7.7 L/yr - ₹8.8 L/yr
Sales Manager Salary
(18 salaries)
unlock blur
₹3.25 L/yr - ₹7.34 L/yr
unlock blur
₹4 L/yr - ₹6.2 L/yr
unlock blur
₹3.5 L/yr - ₹7.6 L/yr
unlock blur
₹6 L/yr - ₹6.5 L/yr
Team Lead Salary
(6 salaries)
unlock blur
₹3 L/yr - ₹6.45 L/yr

Salary related reviews for Magma HDI General Insurance

BFSI, Investments & Trading Department

2.0
  •  posted on 16 Nov 2021

1.0
 for  Salary and Benefits

Likes

...h for this company.From last 6 months Company rules half of the employee go out. Company asking bussines with out any pay outs. As operation side last 2 FYI no hickes . On aug Hickes announced but not base KRA. Heads raltives and neer friends ,personal ratings. As my location Audit 100% also company KRA 100%, SOH questioners 90% .based my KRA I will get rating 2/1 but SOH personal feaver persons gets 2 and 1 .also they got premotions.who gets premotions there KRA 85%. This is enough for knowing company.how wants to this company they must have knowledge on Heads satisfaction.No need to works.On lock down company alloted target to OPs 10pacs PM for AP and TS. Out of 9 Employees I was done 6lacs on each month.Also I got appreciation from National heads.Those are not calculated on ratings premoted person done only 10k per month.

read more

Dislikes

Here employee not treated as employee.theyvtreatedcas slave

  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 29 Aug 2024

3.0
 for  Salary and Benefits

Likes

Work culture

  • Job security - Excellent
  • +2 more

Dislikes

With my experience and hardworking that I had put in I was underpaid. Otherwise everything else here in the company is perfect as every single person from senior to junior is there to help .

read more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 21 Aug 2024

3.0
 for  Salary and Benefits

Likes

The company provided a stable and secure work environment, ensuring long-term employment opportunities.

  • Job security - Good

Dislikes

While I valued my time at the company, I felt there was limited room for growth and development, which motivated me to seek new opportunities.

read more

Full Time

 · 

Legal & Regulatory Department

1.0
  •  posted on 24 May 2024

1.0
 for  Salary and Benefits

Likes

MHDI company is good to work subject to you are not working in TP Claims department. Your life will be miserable. National Head is headless person. He don't respect his colleagues. He work like psycho and he only prefers person who belongs to his caste and state. He doesn't have law knowledge as well as his man management skills are pathetic.

read more

Dislikes

National Manager of TP Claims department is most corrupt person. Lots of fraud activity is taking place under his leadership. You have to work very vigilantly since there are high chances to falsely imply you in said fraud activity if you don't belong to his caste and community of National Head

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Human Resources Department

5.0
  •  posted on 07 May 2024

5.0
 for  Salary and Benefits

Likes

Everything. It’s a great learning platform and growth platform. A lot employees have grown over the time. The culture has been very good and the CEO drives it. Respect has been the cornerstone for majority senior leaders here. It’s like working with friends and family. Hope we can Lee the culture the same way.

read more
  • Salary - Excellent
  • +6 more

Dislikes

The organisation needs more clarity and unity of thoughts. Ownership is something as a team, they need to work on with specific timelines. Value in its people with respect is something which should be the cornerstone for this organisation.

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

Magma HDI General Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at Magma HDI General Insurance?
Territory Manager salary at Magma HDI General Insurance in India ranges between ₹5.5 Lakhs to ₹18.0 Lakhs for experience between 9 years to 17 years. According to our estimates it is 54% more than the average Territory Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Magma HDI General Insurance India.
How does the salary of a Territory Manager at Magma HDI General Insurance India compare with the average salary range for this job?
The average salary of a Territory Manager at Magma HDI General Insurance is 54% more than the average salary of a Territory Manager in India. To know exact salary insights, login to view.
Which similar companies are paying more than Magma HDI General Insurance to a Territory Manager in India?
  • Max Life Insurance Territory Manager Salary - ₹7.5 Lakhs to ₹19.0 Lakhs per year
  • Ageas Federal Life Insurance Territory Manager Salary - ₹11.0 Lakhs to ₹15.9 Lakhs per year
What is the salary of a Territory Manager in companies similar to Magma HDI General Insurance in India?
  • Reliance General Insurance Territory Manager Salary - ₹6.5 Lakhs to ₹13.0 Lakhs per year
  • ICICI Lombard General Insurance Company Territory Manager Salary - ₹5.6 Lakhs to ₹14.0 Lakhs per year
  • Cholamandalam MS General Insurance Territory Manager Salary - ₹5.0 Lakhs to ₹11.0 Lakhs per year
  • MetLife Territory Manager Salary - ₹6.0 Lakhs to ₹8.7 Lakhs per year
  • Digit Insurance Territory Manager Salary - ₹5.7 Lakhs to ₹9.2 Lakhs per year
What is the estimated take home salary of a Territory Manager at Magma HDI General Insurance in India?
The estimated take-home salary of a Territory Manager at Magma HDI General Insurance ranges between ₹82,155 per month to ₹84,298 per month in India. The take-home salary calculation is based on the average Magma HDI General Insurance Territory Manager salary in India which ranges between ₹5.5 Lakhs to ₹18.0 Lakhs per year for employees with experience between 9 years to 17 years. Check how did we calculate take home salary?
What is the notice period for Territory Manager at Magma HDI General Insurance?
According to AmbitionBox, 50% of the Magma HDI General Insurance Territory Managers reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 6 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Magma HDI General Insurance Territory Manager salary in India ranges between ₹5.5 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Magma HDI General Insurance latest salaries received from various employees of Magma HDI General Insurance.