Mahindra Insurance Brokers Territory Manager Salaries by 30+ Employees

2 - 13 years exp.

₹2.4 Lakhs - ₹4.8 Lakhs

Avg. annual salary

Monthly In-hand Salary

53% less than the average Territory Manager Salary in Insurance Companies for 2 - 13 years of experience

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Last Updated: 20 Dec 2023

Companies similar to Mahindra Insurance Brokers for Territory Manager

Company name	Avg Annual Salary	Open Jobs
Aviva Life Insurance India Territory Manager Salary 5 - 14 years exp. (56 salaries)	₹5.4 L/yr - ₹10.1 L/yr 101% more	2 job openings
Edelweiss Life Insurance Territory Manager Salary 5 - 20 years exp. (68 salaries)	₹4.8 L/yr - ₹9 L/yr 98% more
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Royal Sundaram General Insurance Territory Manager Salary 3 - 16 years exp. (35 salaries)	₹3.7 L/yr - ₹7.2 L/yr 43% more
Cholamandalam MS General Insurance Territory Manager Salary 10 - 15 years exp. (48 salaries)	₹4.6 L/yr - ₹11 L/yr 122% more
Liberty General Insurance Territory Manager Salary 10 - 18 years exp. (42 salaries)	₹7 L/yr - ₹15 L/yr 217% more
Ageas Federal Life Insurance Territory Manager Salary 8 - 18 years exp. (22 salaries)	₹8.4 L/yr - ₹17.1 L/yr 261% more	1 job opening
Pramerica Life Insurance Territory Manager Salary 8 - 14 years exp. (10 salaries)	₹5.4 L/yr - ₹9.4 L/yr 95% more
Aegon Life Insurance Territory Manager Salary 6 - 15 years exp. (4 salaries)	₹8.3 L/yr - ₹9.8 L/yr 159% more

Territory Manager salary at Mahindra Insurance Brokers ranges between ₹2.4 Lakhs to ₹4.8 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

₹2.8 Lakhs

7 years exp.

1y ago

₹2.6 Lakhs

4 years exp.

1y ago

₹4.8 Lakhs

7 years exp.

1y ago

₹10 Lakhs

13 years exp.

1y ago

₹4.1 Lakhs

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 - ₹5.5 L/yr
3 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.8 L/yr
5 years (4 salaries)	₹2.5 L/yr - ₹3.6 L/yr
6 years (7 salaries)	₹2.5 L/yr - ₹4.1 L/yr
7 years (8 salaries)	₹2.8 L/yr - ₹4.8 L/yr
8 years (4 salaries)	₹3.5 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹6.6 L/yr
10 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹3.9 L/yr
11 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.2 L/yr
12 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹7.1 L/yr
13 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹7.2 L/yr

View all

From

Territory Manager

2 - 13 years exp.

Area Manager

6 - 14 years exp.

From

Territory Manager

2 - 13 years exp.

Senior Territory Manager

5 - 13 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.

Similar Designation salaries in Mahindra Insurance Brokers

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

Senior Territory Manager Salary

(12 salaries)

₹3.8 L/yr - ₹8.5 L/yr

Area Manager Salary

(45 salaries)

₹3 L/yr - ₹8.5 L/yr

Area Sales Manager Salary

(5 salaries)

₹3.51 L/yr - ₹9.33 L/yr

Sales Manager Salary

(6 salaries)

₹3.15 L/yr - ₹5 L/yr

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.1 L/yr

Relationship Manager Salary

(4 salaries)

₹2.4 L/yr - ₹4.8 L/yr

Senior Territory Sales Manager Salary

(AmbitionBox Estimate)

₹8.2 L/yr - ₹10.5 L/yr

Team Lead Salary

(4 salaries)

₹8.5 L/yr - ₹11.4 L/yr

Salary related reviews for Mahindra Insurance Brokers

2.6

Rated by 5 employees for salary & benefits

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 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

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.

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Mahindra Insurance Brokers Territory Manager Salaries

Mahindra Insurance Brokers Territory Manager salary in India ranges between ₹2.4 Lakhs to ₹4.8 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.