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Royal Sundaram General Insurance

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3.9

based on 720 Reviews

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Royal Sundaram General Insurance Territory Sales Manager salaries in Mumbai (Updated 2025)

Annual salary range
4 - 12 years exp.
₹3.5 Lakhs - ₹7 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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36% less than the average Territory Sales Manager Salary in Insurance Companies for 4 - 12 years of experience

Interested in this particular role? 5 job openings

Salaries in different departments

Sales & Business Development
Territory Sales Manager Salary
4 - 11 years exp. (13 salaries)
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₹3.5 L/yr - ₹6.5 L/yr

BFSI, Investments & Trading
Territory Sales Manager Salary
4 - 12 years exp. (11 salaries)
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₹4.1 L/yr - ₹7 L/yr

Finance & Accounting
Territory Sales Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹4.8 L/yr - ₹5.9 L/yr

Marketing & Communication
Territory Sales Manager Salary
4 years exp. (AmbitionBox Estimate)
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₹4 L/yr - ₹6 L/yr

Last Updated: 9 Apr 2025

Companies similar to Royal Sundaram General Insurance for Territory Sales Manager in Mumbai

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Royal Sundaram General Insurance Territory Sales Manager Salary

4 - 12 years exp. (37 salaries)
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₹3.5 L/yr - ₹7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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SBI General Insurance Territory Sales Manager Salary

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₹6.5 L/yr - ₹10 L/yr

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IDFC FIRST Bank Territory Sales Manager Salary

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₹4.7 L/yr - ₹9.6 L/yr

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NoBrokerHOOD Territory Sales Manager Salary

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₹4.7 L/yr - ₹8.7 L/yr

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PhonePe Territory Sales Manager Salary

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Territory Sales Manager salary at Royal Sundaram General Insurance ranges between ₹3.5 Lakhs to ₹7 Lakhs per year for employees with experience between 4 years to 12 years. Salary estimates are based on 37 latest salaries received from various employees of Royal Sundaram General Insurance.

Latest annual salaries shared by Royal Sundaram General Insurance Territory Sales Manager in Mumbai

3d ago
₹6.3 Lakhs
5 years exp.
1mo ago
₹6.5 Lakhs
10 years exp.
2mo ago
₹5.5 Lakhs
6 years exp.
2mo ago
₹5 Lakhs
10 years exp.
4mo ago
₹7 Lakhs
9 years exp.
5mo ago
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7 years exp.
6mo ago
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8 years exp.
6mo ago
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5 years exp.
9mo ago
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6 years exp.
9mo ago
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10 years exp.

Experience wise Royal Sundaram General Insurance Territory Sales Manager salaries in Mumbai

Last Updated: 9 Apr 2025

Experience Avg Annual Salary
4 years  (5 salaries)

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₹3.5 L/yr - ₹5.5 L/yr
5 years  (9 salaries)

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₹4 L/yr - ₹6.3 L/yr
6 years  (7 salaries)

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₹3.5 L/yr - ₹5.5 L/yr
7 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr
8 years  (3 salaries)

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₹4.5 L/yr - ₹6.5 L/yr
View all

Similar Designation salaries in Royal Sundaram General Insurance

Area Sales Manager Salary
(13 salaries)
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₹7.25 L/yr - ₹12 L/yr

Top skills at Royal Sundaram General Insurance for Territory Sales Manager

Territory Sales Agency Channel General Insurance Insurance Sales Sales Management Sales Agency Management Agency Sales Agent Recruitment Life Insurance Digital Marketing Territory Management agency Health Insurance Area Sales Management

Salary related reviews for Royal Sundaram General Insurance

2.9

Rated by 5 employees for salary & benefits

Territory Sales Manager in Kolkata

Full Time

 · 

Merchandising, Retail & eCommerce Department

1.0
  •  posted on 06 Feb 2024
4.0
 for  Salary and Benefits

Likes

Products are good to promote. Salary is good.

  • Salary - Good

Dislikes

HR is reactive and not supportive to employees. Management is not mature to run the show. No one is ready to listen new ideas. Induction has done after 89 days from joining.

read more
  • Skill development - Bad
    • +4 more

Sales Manager in Tirunelveli

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 23 Jul 2023
3.0
 for  Salary and Benefits

Likes

Royal sundaram working environment & culture is very nice. Excellent customer support & one most unique of South based company.

read more
  • Job security - Good
    • +1 more

Dislikes

...motion & appraisal top level only , minimum branch level manager & senior only . Field Managers got too low bonus amount & salary hike percentage every year.

read more
  • Promotions - Poor

Sales Officer in Mumbai

Sales & Business Development Department

3.0
  •  posted on 15 Oct 2021
2.0
 for  Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Comapany policies are good,appraisals are fair and they give good salary hike

read more
  • Skill development - Good
    • +2 more

Dislikes

There is a lot of politics and the management doesn't address our issues ,salary is decent but career growth is slow

read more
  • Salary - Poor

Territory Manager in New Delhi

BFSI, Investments & Trading Department

4.0
  •  posted on 16 Apr 2018
4.0
 for  Salary and Benefits

Likes

Company is good in terms of salry and other benifit. For employee

  • Salary - Good

Dislikes

Salary and oter benifit is good but growth us slow. Pressure is very high.only few people have decision maker no discussion about market trend startegy etc service level in middle and upper level is not per expectations. Performance get unnoticed while getting appraisal

read more
  • Skill development - Poor
    • +2 more

Territory Manager in New Delhi

sales Department

5.0
  •  posted on 05 May 2018
4.0
 for  Salary and Benefits

Likes

overall company is very Good for employee ,agents and customers . Management team,higher authority .Company Claim team ,product range. Company culture is very familiars.

read more
  • Salary - Good
    • +6 more

Dislikes

...good but personally i missing Sales Incentive for Sales Force in Royal Sundaram. if company plan some monthly /yearly incentive or bonus.

read more
see more salary related reviews

Discover interview dos and don'ts from real experiences

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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Royal Sundaram General Insurance Territory Sales Manager Salary FAQs

What is the salary of Territory Sales Manager at Royal Sundaram General Insurance in Mumbai?
The average salary of a Territory Sales Manager at Royal Sundaram General Insurance in Mumbai typically ranges from ₹3.5 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 4 years to 12 years).

The top 10% of Territory Sales Manager in Mumbai at Royal Sundaram General Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Territory Sales Manager Salaries at Royal Sundaram General Insurance 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 30+ Royal Sundaram General Insurance employees in India.
What is the estimated take home salary of a Territory Sales Manager at Royal Sundaram General Insurance in Mumbai?
The estimated take-home salary of a Territory Sales Manager at Royal Sundaram General Insurance in Mumbai typically ranges from ₹40,667 to ₹41,823 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 4 years to 12 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 30+ salaries received from various employees of Royal Sundaram General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Territory Sales Manager at Royal Sundaram General Insurance in Mumbai?
To be a Territory Sales Manager at Royal Sundaram General Insurance in Mumbai, the key skills required include:

  • - Territory Sales
  • - Agency Channel
  • - General Insurance
  • - Insurance Sales
  • - Sales Management

These skills are highly valued at Royal Sundaram General Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Royal Sundaram General Insurance for Territory Sales Manager in India?
SBI General Insurance ₹6.5 Lakhs to ₹10.0 Lakhs per year
IDFC FIRST Bank ₹4.4 Lakhs to ₹12.0 Lakhs per year
PhonePe ₹5.0 Lakhs to ₹9.5 Lakhs per year
NoBroker ₹4.7 Lakhs to ₹9.6 Lakhs per year
NoBrokerHOOD ₹4.7 Lakhs to ₹8.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Royal Sundaram General Insurance, depending on the role and experience level.
How the salary growth look like for a Territory Sales Manager at Royal Sundaram General Insurance in Mumbai?
The salary growth for a Territory Sales Manager at Royal Sundaram General Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Territory Sales Manager in Mumbai can expect the following growth trajectory at Royal Sundaram General Insurance:

Experience Average Salary Range
4 years ₹3.5 Lakhs to ₹5.5 Lakhs per year
5 years ₹4.0 Lakhs to ₹6.3 Lakhs per year
6 years ₹3.5 Lakhs to ₹5.5 Lakhs per year
7 years ₹4.7 Lakhs to ₹6.0 Lakhs per year
and so on.

Tell us how to improve this page.

Royal Sundaram General Insurance Territory Sales Manager salary in Mumbai ranges between ₹3.5 Lakhs to ₹7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 37 Royal Sundaram General Insurance latest salaries received from various employees of Royal Sundaram General Insurance.