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Annual salary range
2 - 13 years exp.
₹2.4
Lakhs - ₹8.8
Lakhs
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detailed salary insights 
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary
Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary48% less than the average Territory Manager Salary in Insurance Companies for 2 - 13 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Territory Manager Salary
2 - 13
years
exp.
(25
salaries)
|  ₹2.4 L/yr - ₹5.4 L/yr |
Customer Success, Service & Operations
Territory Manager Salary
2 - 6
years
exp.
(AmbitionBox Estimate)
| ₹2.5 L/yr - ₹4.1 L/yr |
Login to view exact salary
| |
Sales & Business Development
Territory Manager Salary
7
years
exp.
(AmbitionBox Estimate)
| ₹3.8 L/yr - ₹4.8 L/yr |
Companies similar to Mahindra Insurance Brokers for Territory Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 ICICI Lombard General Insurance Company Territory Manager Salary
1 - 15 years exp. (42 salaries) | ₹5.6 L/yr - ₹14 L/yr 
135%
more | |
 Bajaj Allianz General Insurance Territory Manager Salary
2 - 14 years exp. (314 salaries) | ₹2.4 L/yr - ₹7.7 L/yr
31%
more | |
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| ||
 HDFC Ergo General Insurance Territory Manager Salary
5 - 18 years exp. (18 salaries) | ₹4 L/yr - ₹8.8 L/yr
83%
more | |
 Reliance General Insurance Territory Manager Salary
8 - 18 years exp. (39 salaries) | ₹6 L/yr - ₹13 L/yr
149%
more | |
 Tata AIG Territory Manager Salary
3 - 8 years exp. (4 salaries) | ₹4.5 L/yr - ₹5.3 L/yr
29%
more | |
 Star Health & Allied Insurance Territory Manager Salary
10 - 20 years exp. (44 salaries) | ₹7.2 L/yr - ₹17 L/yr
247%
more | |
 Niva Bupa Health Insurance Company Territory Manager Salary
9 - 17 years exp. (42 salaries) | ₹5 L/yr - ₹12.2 L/yr
113%
more | |
 Edelweiss Life Insurance Territory Manager Salary
7 - 20 years exp. (62 salaries) | ₹4.8 L/yr - ₹8.5 L/yr
78%
more | |
 Aviva Life Insurance India Territory Manager Salary
5 - 14 years exp. (54 salaries) | ₹5.4 L/yr - ₹10.1 L/yr
87%
more | 1 job opening |
 Royal Sundaram General Insurance Territory Manager Salary
1 - 16 years exp. (40 salaries) | ₹3 L/yr - ₹7.2 L/yr
29%
more | |
 Cholamandalam MS General Insurance Territory Manager Salary
11 - 15 years exp. (35 salaries) | ₹5 L/yr - ₹11 L/yr
105%
more | |
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| ||
 Ageas Federal Life Insurance Territory Manager Salary
8 - 18 years exp. (21 salaries) | ₹8.4 L/yr - ₹17.1 L/yr
229%
more | 1 job opening |
 Pramerica Life Insurance Territory Manager Salary
8 - 14 years exp. (10 salaries) | ₹5.4 L/yr - ₹9.4 L/yr
78%
more | |
 MetLife Territory Manager Salary
7 - 14 years exp. (4 salaries) | ₹6 L/yr - ₹8.7 L/yr
92%
more | |
 Digit Insurance Territory Manager Salary
19 - 23 years exp. (AmbitionBox Estimate) | ₹6.2 L/yr - ₹7.9 L/yr
82%
more | 2 job openings |
 Allianz Partners Territory Manager Salary
4 - 6 years exp. (3 salaries) | ₹4 L/yr - ₹4.1 L/yr
4%
more | |
 Shriram General Insurance Territory Manager Salary
11 - 17 years exp. (3 salaries) | ₹3.1 L/yr - ₹9.5 L/yr
56%
more | |
Territory Manager salary at Mahindra Insurance Brokers ranges between ₹2.4
Lakhs
to ₹8.8
Lakhs
per year for employees with experience between 2 years to 13 years. Salary
estimates are based on
35 latest salaries received
from various employees of Mahindra Insurance Brokers.
Latest annual salaries shared by Mahindra Insurance Brokers Territory Manager
1y ago
7
years
exp.
1y ago
4
years
exp.
1y ago
7
years
exp.
1y ago
13
years
exp.
1y ago
6
years
exp.
1y ago
2
years
exp.
1y ago
6
years
exp.
1y ago
13
years
exp.
1y ago
5
years
exp.
1y ago
8
years
exp.
Experience wise Mahindra Insurance Brokers Territory Manager salaries
Last Updated: 20 Dec 2023
| Experience | Avg Annual Salary |
|---|---|
| 2 years (AmbitionBox Estimate) |
₹2.4
L/yr
- ₹6.2
L/yr
|
| 3 years (AmbitionBox Estimate) |
₹3.2
L/yr
- ₹4
L/yr
|
Login to view exact salary
| |
| 4 years (AmbitionBox Estimate) |
₹2.4
L/yr
- ₹6.5
L/yr
|
| 5 years (4 salaries) |
₹2.5
L/yr
- ₹6.6
L/yr
|
| 6 years (7 salaries) |
₹2.5
L/yr
- ₹4.1
L/yr
|
View all
Mahindra Insurance Brokers Territory Manager
Salary and Career Growth
From
To
Territory Manager
2 - 13 years exp.
Senior Territory Manager
5 - 13 years exp.
From
To
Territory Manager
2 - 13 years exp.
Area Manager
6 - 15 years exp.
Disclaimer: Our data limits
the visualization of this career path at this point. However, other roles and
opportunities might be available within the organization beyond what is shown
here.
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Salary Discussions, Hike & Promotions
2w (edited)
a social media specialist
Salary Expectations
I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards.
I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high.
What should be the ideal salary expectation for someone with my experience in the current market?
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Mahindra Insurance Brokers Territory Manager Salary FAQs
What is the salary of Territory Manager at Mahindra Insurance Brokers?
Territory Manager salary at Mahindra Insurance Brokers in India ranges between ₹2.4 Lakhs to ₹8.8 Lakhs for experience between 2 years to 13 years. According to our estimates it is 48% less than the average Territory Manager Salary in India. Salary estimates are based on 35 latest salaries received from various employees of Mahindra Insurance Brokers India.
How does the salary of a Territory Manager at Mahindra Insurance Brokers India compare with the average salary range for this job?
The average salary of a Territory Manager at Mahindra Insurance Brokers is 48% less 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 Mahindra Insurance Brokers to a Territory Manager in India?
- Star Health & Allied Insurance Territory Manager Salary - ₹7.2 Lakhs to ₹17.0 Lakhs per year
- Ageas Federal Life Insurance Territory Manager Salary - ₹8.4 Lakhs to ₹17.1 Lakhs per year
- Reliance General Insurance Territory Manager Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
- ICICI Lombard General Insurance Company Territory Manager Salary - ₹5.6 Lakhs to ₹14.0 Lakhs per year
- Niva Bupa Health Insurance Company Territory Manager Salary - ₹5.0 Lakhs to ₹12.2 Lakhs per year
What is the salary of a Territory Manager in companies similar to Mahindra Insurance Brokers in India?
- 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
- Aviva Life Insurance India Territory Manager Salary - ₹5.4 Lakhs to ₹10.1 Lakhs per year
- HDFC Ergo General Insurance Territory Manager Salary - ₹4.0 Lakhs to ₹8.8 Lakhs per year
- Digit Insurance Territory Manager Salary - ₹6.2 Lakhs to ₹7.9 Lakhs per year
What is the estimated take home salary of a Territory Manager at Mahindra Insurance Brokers in India?
The estimated take-home salary of a Territory Manager at Mahindra Insurance Brokers ranges between ₹28,526 per month to ₹29,913 per month in India. The take-home salary calculation is based on the average Mahindra Insurance Brokers Territory Manager salary in India which ranges between ₹2.4 Lakhs to ₹8.8 Lakhs per year for employees with experience between 2 years to 13 years. Check how did we calculate take home salary?
What is the notice period for Territory Manager at Mahindra Insurance Brokers?
According to AmbitionBox, 50% of the Mahindra Insurance Brokers Territory Managers reported a notice period of 1 Month, 29% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.
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Mahindra Insurance Brokers Territory Manager Salaries by Location
- Mahindra Insurance Brokers Territory Manager salaries in Agra
- Mahindra Insurance Brokers Territory Manager salaries in Faizabad
- Mahindra Insurance Brokers Territory Manager salaries in Bhagalpur
- Mahindra Insurance Brokers Territory Manager salaries in Bilaspur
- Mahindra Insurance Brokers Territory Manager salaries in Baramati
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- Mahindra Insurance Brokers Territory Manager Salaries
Mahindra Insurance Brokers Territory Manager salary
in
India
ranges between ₹2.4
Lakhs to ₹8.8
Lakhs with an average annual salary of
₹. Salary estimates are based on
35
Mahindra Insurance Brokers latest salaries received from various employees of
Mahindra Insurance Brokers.