Mahindra Insurance Brokers Territory Sales Manager Salaries by 3 Employees

3 - 4 years exp.

₹8 Lakhs - ₹12.4 Lakhs

Low Confidence

Salary of majority employees

26% more than the average Territory Sales Manager Salary in Insurance Companies for 3 - 4 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Territory Sales Manager Salary 3 years exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr
Marketing & Communication Territory Sales Manager Salary 4 years exp. (AmbitionBox Estimate)	₹7.4 L/yr - ₹9 L/yr
Login to view exact salary
Sales & Business Development Territory Sales Manager Salary 4 years exp. (AmbitionBox Estimate)	₹11.1 L/yr - ₹13.6 L/yr

Last Updated: 13 Oct 2023

Companies similar to Mahindra Insurance Brokers for Territory Sales Manager

Company name	Avg Annual Salary	Open Jobs
Royal Sundaram General Insurance Territory Sales Manager Salary 4 - 12 years exp. (332 salaries)	₹2.7 L/yr - ₹7.3 L/yr 46% less
Aviva Life Insurance India Territory Sales Manager Salary 7 - 18 years exp. (6 salaries)	₹6.5 L/yr - ₹7.9 L/yr 22% less
Login to view exact salary
Ageas Federal Life Insurance Territory Sales Manager Salary 10 - 14 years exp. (5 salaries)	₹11 L/yr - ₹16.6 L/yr 34% more
Magma HDI General Insurance Territory Sales Manager Salary 10 - 15 years exp. (5 salaries)	₹6.7 L/yr - ₹14.5 L/yr 11% more
Aditya Birla Health Insurance Co Territory Sales Manager Salary 9 - 13 years exp. (5 salaries)	₹9.3 L/yr - ₹12.5 L/yr 21% more
Liberty General Insurance Territory Sales Manager Salary 11 - 14 years exp. (5 salaries)	₹9.6 L/yr - ₹12 L/yr 17% more
Bharti AXA Life Insurance Territory Sales Manager Salary 2 - 11 years exp. (4 salaries)	₹4.2 L/yr - ₹6 L/yr 50% less
Pramerica Life Insurance Territory Sales Manager Salary 5 - 21 years exp. (4 salaries)	₹4.3 L/yr - ₹13.5 L/yr 3% less
Edelweiss Life Insurance Territory Sales Manager Salary 10 - 11 years exp. (3 salaries)	₹6 L/yr - ₹7 L/yr 34% less	2 job openings

Territory Sales Manager salary at Mahindra Insurance Brokers ranges between ₹8 Lakhs to ₹12.4 Lakhs per year for employees with experience between 3 years to 4 years. Salary estimates are based on 3 latest salaries received from various employees of Mahindra Insurance Brokers.

Experience wise Mahindra Insurance Brokers Territory Sales Manager salaries

Last Updated: 13 Oct 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.8 L/yr

Similar Designation salaries in Mahindra Insurance Brokers

Senior Sales Manager Salary

(AmbitionBox Estimate)

₹9.5 L/yr - ₹12.1 L/yr

Territory Manager Salary

(35 salaries)

₹2.35 L/yr - ₹4.8 L/yr

Senior Territory Sales Manager Salary

(AmbitionBox Estimate)

₹8.2 L/yr - ₹10.5 L/yr

Assistant Sales Manager Salary

(AmbitionBox Estimate)

₹2.9 L/yr - ₹3.7 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

Deputy Manager Salary

(38 salaries)

₹3.3 L/yr - ₹10 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

Salary related reviews for Mahindra Insurance Brokers

5.0

Rated by 2 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

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

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

Got a question about Mahindra Insurance Brokers?

Ask anonymously on communities.

Mahindra Insurance Brokers Territory Sales Manager Salary FAQs

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

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

Experience	Average Salary Range
3 years	₹7.2 Lakhs to ₹9.2 Lakhs per year
4 years	₹9.3 Lakhs to ₹11.8 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Mahindra Insurance Brokers Salaries >
Mahindra Insurance Brokers Territory Sales Manager Salaries

Mahindra Insurance Brokers Territory Sales Manager salary in India ranges between ₹8 Lakhs to ₹12.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Mahindra Insurance Brokers latest salaries received from various employees of Mahindra Insurance Brokers.