SBI Life Insurance Company Senior Territory Manager Salaries by 20+ Employees

7 - 13 years exp.

₹5.3 Lakhs - ₹7 Lakhs

Avg. annual salary

Monthly In-hand Salary

26% less than the average Senior Territory Manager Salary in Insurance Companies for 7 - 13 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Territory Manager Salary 7 - 13 years exp. (9 salaries)	₹5.3 L/yr - ₹6.5 L/yr
Marketing & Communication Senior Territory Manager Salary 9 - 11 years exp. (4 salaries)	₹5.8 L/yr - ₹6.6 L/yr
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Sales & Business Development Senior Territory Manager Salary 10 - 12 years exp. (AmbitionBox Estimate)	₹6.4 L/yr - ₹7 L/yr

Last Updated: 3 Dec 2024

Companies similar to SBI Life Insurance Company for Senior Territory Manager

Company name	Avg Annual Salary	Open Jobs
Reliance Nippon Life Insurance Senior Territory Manager Salary 9 - 22 years exp. (165 salaries)	₹6.3 L/yr - ₹14 L/yr 60% more
Bajaj Allianz Life Insurance Senior Territory Manager Salary 7 - 18 years exp. (122 salaries)	₹6 L/yr - ₹11.9 L/yr 24% more
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PNB MetLife Senior Territory Manager Salary 10 - 18 years exp. (79 salaries)	₹7.5 L/yr - ₹13 L/yr 67% more
HDFC Life Senior Territory Manager Salary 6 - 15 years exp. (35 salaries)	₹4.2 L/yr - ₹16 L/yr 41% more
Bajaj Allianz General Insurance Senior Territory Manager Salary 4 - 14 years exp. (12 salaries)	₹4.8 L/yr - ₹7.2 L/yr 3% less
Star Health & Allied Insurance Senior Territory Manager Salary 13 - 21 years exp. (8 salaries)	₹15.5 L/yr - ₹22 L/yr 161% more
Tata AIA Life Insurance Senior Territory Manager Salary 7 - 18 years exp. (5 salaries)	₹6.4 L/yr - ₹8 L/yr 15% more
Axis Max Life Insurance Senior Territory Manager Salary 5 - 17 years exp. (4 salaries)	₹3.7 L/yr - ₹16 L/yr 53% more
ICICI Lombard General Insurance Company Senior Territory Manager Salary 8 - 12 years exp. (4 salaries)	₹4.7 L/yr - ₹10.5 L/yr 6% more

Senior Territory Manager salary at SBI Life Insurance Company ranges between ₹5.3 Lakhs to ₹7 Lakhs per year for employees with experience between 7 years to 13 years. Salary estimates are based on 20 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Senior Territory Manager

2mo ago

₹7 Lakhs

10 years exp.

1y ago

₹6 Lakhs

7 years exp.

1y ago

₹6.6 Lakhs

11 years exp.

1y ago

₹6.6 Lakhs

10 years exp.

1y ago

₹5.8 Lakhs

7 years exp.

1y ago

12 years exp.

1y ago

10 years exp.

1y ago

9 years exp.

1y ago

10 years exp.

1y ago

11 years exp.

Experience wise SBI Life Insurance Company Senior Territory Manager salaries

Last Updated: 3 Dec 2024

Experience	Avg Annual Salary
7 years (3 salaries)	₹5.8 L/yr - ₹11.2 L/yr
8 years (3 salaries)	₹5.7 L/yr - ₹11.3 L/yr
Login to view exact salary
9 years (3 salaries)	₹5.8 L/yr - ₹11.4 L/yr
10 years (4 salaries)	₹5.8 L/yr - ₹7 L/yr
11 years (3 salaries)	₹5.8 L/yr - ₹6.6 L/yr
12 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7 L/yr
13 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.5 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Territory Manager Salary

(110 salaries)

₹4 L/yr - ₹7.1 L/yr

Senior Sales Manager Salary

(4 salaries)

₹3.4 L/yr - ₹4.5 L/yr

Senior Area Sales Manager Salary

(5 salaries)

₹12.5 L/yr - ₹20.3 L/yr

Regional Manager Salary

(8 salaries)

₹30 L/yr - ₹39.09 L/yr

Territory Sales Manager Salary

(9 salaries)

₹5.2 L/yr - ₹6 L/yr

Deputy Manager Salary

(39 salaries)

₹2.2 L/yr - ₹10 L/yr

Senior Sales Officer Salary

(4 salaries)

₹3.5 L/yr - ₹3.56 L/yr

Area Sales Manager Salary

(17 salaries)

₹3.75 L/yr - ₹13.5 L/yr

Area Manager Salary

(246 salaries)

₹5.4 L/yr - ₹14.5 L/yr

Cluster Manager Salary

(5 salaries)

₹3.5 L/yr - ₹5.25 L/yr

Salary related reviews for SBI Life Insurance Company

3.8

Rated by 16 employees for salary & benefits

Business Development Manager in Deoghar

Full Time

Marketing & Communication Department

5.0

• posted on 30 Jan 2025

2.0

for Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

Skill development - Good

+3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

Salary - Poor

Area Sales Manager in Vijayawada

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Aug 2023

5.0

for Salary and Benefits

Likes

I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.

Salary - Excellent

+6 more

Dislikes

I expecting Long time Vintage Employes Expect Minimum Salary hike. because Now a days out side companies giving a more salary hikes Vintage persons so Our Company giving a minimum hikes of Vintage Employes it will so benefit and no one live Our Company.

Business Development Executive in Gangtok

Full Time

Marketing & Communication Department

4.0

• posted on 13 Sep 2023

5.0

for Salary and Benefits

Likes

very good company with good oppurtunities and good pay

Salary - Excellent

+4 more

Dislikes

management is not so good,specially our managers always threatning for resign and salary hold.company needs to fix this kind of problems for their employee to work with full motivation

Job security - Poor

Business Development Manager in Rajkot

Full Time

Sales & Business Development Department

3.0

• posted on 01 Feb 2023

2.0

for Salary and Benefits

Likes

Company culture is very bad only pressure nothing or

Dislikes

Official working days me bhi office bulate hain aur bill pay nahi karte hain personal life jaish kuchh nahi rehta hain aur morning 7:00am zoom start kar dete hain

Salary - Poor

+6 more

Business Development Manager in Jaipur

Full Time

Sels Department

5.0

• posted on 12 Apr 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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SBI Life Insurance Company Senior Territory Manager Salary FAQs

What is the salary of Senior Territory Manager at SBI Life Insurance Company ?

The average salary of a Senior Territory Manager at SBI Life Insurance Company in India typically ranges from ₹5.3 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 7 years to 13 years).

The top 10% of Senior Territory Manager at SBI Life Insurance Company earn more than ₹6.8 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Senior Territory Manager Salaries at SBI Life Insurance Company 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 20+ SBI Life Insurance Company employees in India.

What is the estimated take home salary of a Senior Territory Manager at SBI Life Insurance Company in India?

The estimated take-home salary of a Senior Territory Manager at SBI Life Insurance Company in India typically ranges from ₹48,578 to ₹49,727 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 7 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 20+ salaries received from various employees of SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for Senior Territory Manager in India?

Star Health & Allied Insurance	₹15.5 Lakhs to ₹22.0 Lakhs per year
PNB MetLife	₹7.5 Lakhs to ₹13.0 Lakhs per year
Reliance Nippon Life Insurance	₹6.3 Lakhs to ₹14.0 Lakhs per year
Axis Max Life Insurance	₹3.7 Lakhs to ₹16.0 Lakhs per year
HDFC Life	₹4.2 Lakhs to ₹16.0 Lakhs per year

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

What is the salary of a Senior Territory Manager in companies similar to SBI Life Insurance Company in India?

The salary of a Senior Territory Manager at companies similar to SBI Life Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹11.9 Lakhs per year
Tata AIA Life Insurance	₹6.4 Lakhs to ₹8.0 Lakhs per year
ICICI Lombard General Insurance Company	₹4.7 Lakhs to ₹10.5 Lakhs per year
Bajaj Allianz General Insurance	₹4.8 Lakhs to ₹7.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Senior Territory Manager at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
7 years	₹5.8 Lakhs to ₹11.2 Lakhs per year
8 years	₹5.7 Lakhs to ₹11.3 Lakhs per year
9 years	₹5.8 Lakhs to ₹11.4 Lakhs per year
10 years	₹5.8 Lakhs to ₹7.0 Lakhs per year

and so on.

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SBI Life Insurance Company Senior Territory Manager Salaries by Location

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SBI Life Insurance Company Senior Territory Manager Salaries

SBI Life Insurance Company Senior Territory Manager salary in India ranges between ₹5.3 Lakhs to ₹7 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Senior Territory Manager salaries in India

Companies similar to SBI Life Insurance Company for Senior Territory Manager

Latest annual salaries shared by SBI Life Insurance Company Senior Territory Manager

Experience wise SBI Life Insurance Company Senior Territory Manager salaries

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Business Development Manager in Deoghar

Area Sales Manager in Vijayawada

Business Development Executive in Gangtok

Business Development Manager in Rajkot

Business Development Manager in Jaipur

SBI Life Insurance Company Senior Territory Manager Salary FAQs

Tell us how to improve this page.

SBI Life Insurance Company Senior Territory Manager Salaries by Location