Mahindra Insurance Brokers Senior Territory Manager Salaries by 10+ Employees

5 - 13 years exp.

₹3.8 Lakhs - ₹8.5 Lakhs

Salary of majority employees

36% less than the average Senior Territory Manager Salary in Insurance Companies for 5 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Territory Manager Salary 7 - 13 years exp. (7 salaries)	₹3.8 L/yr - ₹6 L/yr
Sales & Business Development Senior Territory Manager Salary 7 - 10 years exp. (3 salaries)	₹4.6 L/yr - ₹6 L/yr
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Marketing & Communication Senior Territory Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹8.1 L/yr - ₹8.5 L/yr

Last Updated: 16 Mar 2023

Companies similar to Mahindra Insurance Brokers for Senior Territory Manager

Company name	Avg Annual Salary	Open Jobs
Magma HDI General Insurance Senior Territory Manager Salary 6 - 14 years exp. (13 salaries)	₹5.5 L/yr - ₹7.2 L/yr 22% more
Edelweiss Life Insurance Senior Territory Manager Salary 12 - 18 years exp. (7 salaries)	₹6.5 L/yr - ₹9.5 L/yr 45% more
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Aegon Life Insurance Senior Territory Manager Salary 7 - 9 years exp. (3 salaries)	₹7.5 L/yr - ₹10.8 L/yr 63% more
Pramerica Life Insurance Senior Territory Manager Salary 14 - 16 years exp. (3 salaries)	₹11 L/yr - ₹12.7 L/yr 111% more
USHA International Senior Territory Manager Salary 6 - 17 years exp. (186 salaries)	₹3.9 L/yr - ₹10.1 L/yr 28% more

Senior Territory Manager salary at Mahindra Insurance Brokers ranges between ₹3.8 Lakhs to ₹8.5 Lakhs per year for employees with experience between 5 years to 13 years. Salary estimates are based on 12 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Senior Territory Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹8.1 L/yr
6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹8.5 L/yr
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7 years (3 salaries)	₹4 L/yr - ₹6 L/yr
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹10 L/yr
10 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹10 L/yr
11 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹10.1 L/yr
12 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
13 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹10.2 L/yr

View all

Similar Designation salaries in Mahindra Insurance Brokers

Territory Manager Salary

(35 salaries)

₹2.35 L/yr - ₹4.8 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.1 L/yr

Senior Area Sales Manager Salary

(3 salaries)

₹8.6 L/yr - ₹8.95 L/yr

Regional Manager Salary

(5 salaries)

₹15 L/yr - ₹20 L/yr

Territory Sales Manager Salary

(3 salaries)

₹8 L/yr - ₹12.4 L/yr

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 L/yr

Area Sales Manager Salary

(5 salaries)

₹3.51 L/yr - ₹9.33 L/yr

Area Manager Salary

(45 salaries)

₹3 L/yr - ₹8.5 L/yr

Cluster Manager Salary

(15 salaries)

₹8.58 L/yr - ₹13 L/yr

Relationship Manager Salary

(4 salaries)

₹2.4 L/yr - ₹4.8 L/yr

Top skills at Mahindra Insurance Brokers for Senior Territory Manager

Area Management

Salary related reviews for Mahindra Insurance Brokers

3.7

Rated by 6 employees for salary & benefits

Senior Territory Manager in Coimbatore

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 29 May 2021

1.0

for Salary and Benefits

Likes

... Assist, Wedding Bonus, New born baby gift, Medical assist, Birthday gift etc. Main Part - Salary slab was very worst and no increment, Executives stay 5 + year experience but salary at end they only out for 230000PA and starts with 180000 PA which is terrible and all work for salary that is not get what we work. Incentive was not given proper time as per time line eg: Quarterly plan, they provide incentive after 6months of that quarter and they not provide calculation for that incentive what we received

Salary - Bad

+6 more

Area Manager in Hyderabad / Secunderabad

Full Time

Sales & Business Development Department

3.0

• posted on 15 Jan 2025

2.0

for Salary and Benefits

Likes

Mid level managers are not supported to grow ground team in terms appraisal promotions to management,work balance also not manageable.

Dislikes

Salary hike not up to the mark if achieve annual target 100% and more than ,variables policy announced very late after completing 100%

Salary - Poor

+2 more

Senior Application Support Engineer in Mumbai

Full Time

IT & Information Security Department

4.0

• posted on 28 Jul 2023

4.0

for Salary and Benefits

Likes

Activity going on weekend (every Friday) Supporting people and management. Good environment to work Birthday celebration all together with team.

Salary - Good

+4 more

Dislikes

...mething new or promotion is not good in our field As per my personal experience. Salary hike appraisal delayed this year. Work load is not managed properly.

Deputy Area Manager in Hazaribag

Full Time

Sales & Business Development Department

5.0

• posted on 25 Jun 2022

5.0

for Salary and Benefits

Likes

...ve teammates are supportive. Management is transparent ,company policy are good.job security, appraisal are fair and they give good salary hike.

Salary - Excellent

+6 more

Dislikes

Verticalisation ,politics salary is good but career growth is slow,

Senior Business Development Executive in Bhubaneswar

BFSI, Investments & Trading Department

4.0

• posted on 12 May 2018

3.0

for Salary and Benefits

Likes

There is a friendly atmosphere to work here,we have maintain a good work life balance here and the most important thing is we have more job security here.

Skill development - Good

+4 more

Dislikes

Here the salary and remuneration is not good as compared of other industry.

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Mahindra Insurance Brokers Senior Territory Manager Salary FAQs

What is the salary of Senior Territory Manager at Mahindra Insurance Brokers ?

The average salary of a Senior Territory Manager at Mahindra Insurance Brokers in India typically ranges from ₹3.8 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 5 years to 13 years).

The top 10% of Senior Territory Manager at Mahindra Insurance Brokers earn more than ₹8.2 Lakhs per year, and the top 1% earn over ₹8.5 Lakhs per year. Senior Territory Manager Salaries at Mahindra Insurance Brokers 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+ Mahindra Insurance Brokers employees in India.

What is the estimated take home salary of a Senior Territory Manager at Mahindra Insurance Brokers in India?

The estimated take-home salary of a Senior Territory Manager at Mahindra Insurance Brokers in India typically ranges from ₹42,012 to ₹43,148 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 5 years to 13 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 Mahindra Insurance Brokers. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Senior Territory Manager at Mahindra Insurance Brokers ?

Area Management is a popular skill required to work as a Senior Territory Manager at Mahindra Insurance Brokers.

Which companies offer higher salaries than Mahindra Insurance Brokers for Senior Territory Manager in India?

Pramerica Life Insurance	₹11.0 Lakhs to ₹12.7 Lakhs per year
Aegon Life Insurance	₹7.5 Lakhs to ₹10.8 Lakhs per year
Edelweiss Life Insurance	₹6.5 Lakhs to ₹9.5 Lakhs per year
USHA International	₹3.9 Lakhs to ₹10.1 Lakhs per year
Magma HDI General Insurance	₹5.5 Lakhs to ₹7.2 Lakhs per year

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

How the salary growth look like for a Senior Territory Manager at Mahindra Insurance Brokers in India?

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

Experience	Average Salary Range
5 years	₹2.2 Lakhs to ₹8.1 Lakhs per year
6 years	₹2.2 Lakhs to ₹8.5 Lakhs per year
7 years	₹4.0 Lakhs to ₹6.0 Lakhs per year
8 years	₹4.2 Lakhs to ₹6.0 Lakhs per year

and so on.

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Mahindra Insurance Brokers Senior Territory Manager Salaries by Location

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Mahindra Insurance Brokers Senior Territory Manager Salaries

Mahindra Insurance Brokers Senior Territory Manager salary in India ranges between ₹3.8 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.

Mahindra Insurance Brokers Senior Territory Manager salaries in India

Companies similar to Mahindra Insurance Brokers for Senior Territory Manager

Latest annual salaries shared by Mahindra Insurance Brokers Senior Territory Manager

Experience wise Mahindra Insurance Brokers Senior Territory Manager salaries

Similar Designation salaries in Mahindra Insurance Brokers

Top skills at Mahindra Insurance Brokers for Senior Territory Manager

Salary related reviews for Mahindra Insurance Brokers

Senior Territory Manager in Coimbatore

Area Manager in Hyderabad / Secunderabad

Senior Application Support Engineer in Mumbai

Deputy Area Manager in Hazaribag

Senior Business Development Executive in Bhubaneswar

Mahindra Insurance Brokers Senior Territory Manager Salary FAQs

Tell us how to improve this page.

Mahindra Insurance Brokers Senior Territory Manager Salaries by Location