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I am so Proud to say Working this organisation last 4years. i got a two promotions last two years.
Annual salary range
4 - 15 years exp.
₹4
Lakhs - ₹7
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 salary27% less than the average Territory Manager Salary in Insurance Companies for 4 - 15 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Territory Manager Salary
4 - 15
years
exp.
(32
salaries)
|  ₹4 L/yr - ₹7 L/yr |
Sales & Business Development
Territory Manager Salary
4 - 15
years
exp.
(24
salaries)
| ₹4.2 L/yr - ₹6 L/yr |
Login to view exact salary
| |
Marketing & Communication
Territory Manager Salary
4 - 15
years
exp.
(15
salaries)
| ₹4.5 L/yr - ₹6.1 L/yr |
Companies similar to SBI Life Insurance Company for Territory Manager
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 HDFC Life Territory Manager Salary
8 - 20 years exp. (244 salaries) | ₹10.3 L/yr - ₹21 L/yr 
155%
more | |
 ICICI Prudential Life Insurance Territory Manager Salary
7 - 9 years exp. (4 salaries) | ₹5.5 L/yr - ₹6.2 L/yr
8%
more | |
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| ||
 Max Life Insurance Territory Manager Salary
10 - 18 years exp. (40 salaries) | ₹7.5 L/yr - ₹19 L/yr
149%
more | |
 Bajaj Allianz Life Insurance Territory Manager Salary
4 - 23 years exp. (232 salaries) | ₹4.1 L/yr - ₹9 L/yr
20%
more | |
 Kotak Mahindara Life Insurance Territory Manager Salary
15 - 20 years exp. (4 salaries) | ₹15.4 L/yr - ₹20 L/yr
203%
more | |
 Tata AIA Life Insurance Territory Manager Salary
5 - 14 years exp. (82 salaries) | ₹5.2 L/yr - ₹10 L/yr
48%
more | 4 job openings |
 Reliance Nippon Life Insurance Territory Manager Salary
5 - 17 years exp. (100 salaries) | ₹4 L/yr - ₹12 L/yr
28%
more | |
 Aviva Life Insurance India Territory Manager Salary
5 - 14 years exp. (55 salaries) | ₹5.4 L/yr - ₹10.1 L/yr
32%
more | 1 job opening |
 PNB MetLife Territory Manager Salary
4 - 17 years exp. (273 salaries) | ₹4.3 L/yr - ₹10.3 L/yr
40%
more | 3 job openings |
 Star Health & Allied Insurance Territory Manager Salary
10 - 20 years exp. (44 salaries) | ₹7.2 L/yr - ₹17 L/yr
150%
more | |
 ICICI Lombard General Insurance Company Territory Manager Salary
1 - 15 years exp. (42 salaries) | ₹5.6 L/yr - ₹14 L/yr
69%
more | |
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| ||
 Care Health Insurance Territory Manager Salary
5 - 13 years exp. (30 salaries) | ₹4.2 L/yr - ₹7.9 L/yr
12%
more | |
 HDFC Ergo General Insurance Territory Manager Salary
5 - 18 years exp. (18 salaries) | ₹4 L/yr - ₹10 L/yr
32%
more | |
 Shriram Life Insurance Territory Manager Salary
3 - 10 years exp. (9 salaries) | ₹3 L/yr - ₹7.2 L/yr 
17%
less | |
 Aditya Birla Sun Life Insurance Territory Manager Salary
0 - 11 years exp. (11 salaries) | ₹4 L/yr - ₹9 L/yr
24%
more | |
 Life Insurance Corporation of India Territory Manager Salary
7 - 15 years exp. (6 salaries) | ₹4 L/yr - ₹11.5 L/yr
46%
more | |
 MetLife Territory Manager Salary
7 - 14 years exp. (4 salaries) | ₹6 L/yr - ₹8.7 L/yr
38%
more | |
 SBI General Insurance Territory Manager Salary
16 - 19 years exp. (3 salaries) | ₹5.2 L/yr - ₹9.3 L/yr
22%
more | |
Territory Manager salary at SBI Life Insurance Company ranges between ₹4
Lakhs
to ₹7
Lakhs
per year for employees with experience between 4 years to 15 years. Salary
estimates are based on
98 latest salaries received
from various employees of SBI Life Insurance Company.
Latest annual salaries shared by SBI Life Insurance Company Territory Manager
1d ago
6
years
exp.
4d ago
5
years
exp.
1mo ago
6
years
exp.
2mo ago
6
years
exp.
2mo ago
5
years
exp.
2mo ago
8
years
exp.
2mo ago
8
years
exp.
2mo ago
9
years
exp.
3mo ago
11
years
exp.
4mo ago
12
years
exp.
Experience wise SBI Life Insurance Company Territory Manager salaries
Last Updated: 17 Jan 2025
| Experience | Avg Annual Salary |
|---|---|
| 4 years (5 salaries) |
₹4.5
L/yr
- ₹5.3
L/yr
|
| 5 years (8 salaries) |
₹4.5
L/yr
- ₹5.8
L/yr
|
Login to view exact salary
| |
| 6 years (10 salaries) |
₹4.8
L/yr
- ₹6.4
L/yr
|
| 7 years (12 salaries) |
₹4.5
L/yr
- ₹7
L/yr
|
| 8 years (9 salaries) |
₹4.2
L/yr
- ₹6.5
L/yr
|
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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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SBI Life Insurance Company Territory Manager Salary FAQs
What is the salary of Territory Manager at SBI Life Insurance Company?
Territory Manager salary at SBI Life Insurance Company in India ranges between ₹4.0 Lakhs to ₹7.0 Lakhs for experience between 4 years to 15 years. According to our estimates it is 27% less than the average Territory Manager Salary in India. Salary estimates are based on 98 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Territory Manager at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Territory Manager at SBI Life Insurance Company is 27% 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 SBI Life Insurance Company to a Territory Manager in India?
- Kotak Mahindara Life Insurance Territory Manager Salary - ₹15.4 Lakhs to ₹20.0 Lakhs per year
- HDFC Life Territory Manager Salary - ₹10.3 Lakhs to ₹21.0 Lakhs per year
- Star Health & Allied Insurance Territory Manager Salary - ₹7.2 Lakhs to ₹17.0 Lakhs per year
- Max Life Insurance Territory Manager Salary - ₹7.5 Lakhs to ₹19.0 Lakhs per year
- ICICI Lombard General Insurance Company Territory Manager Salary - ₹5.6 Lakhs to ₹14.0 Lakhs per year
What is the salary of a Territory Manager in companies similar to SBI Life Insurance Company in India?
- Tata AIA Life Insurance Territory Manager Salary - ₹5.2 Lakhs to ₹10.0 Lakhs per year
- Life Insurance Corporation of India Territory Manager Salary - ₹4.0 Lakhs to ₹11.5 Lakhs per year
- PNB MetLife Territory Manager Salary - ₹4.3 Lakhs to ₹10.3 Lakhs per year
- MetLife Territory Manager Salary - ₹6.0 Lakhs to ₹8.7 Lakhs per year
- HDFC Ergo General Insurance Territory Manager Salary - ₹4.0 Lakhs to ₹10.0 Lakhs per year
What is the estimated take home salary of a Territory Manager at SBI Life Insurance Company in India?
The estimated take-home salary of a Territory Manager at SBI Life Insurance Company ranges between ₹40,696 per month to ₹41,851 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Territory Manager salary in India which ranges between ₹4.0 Lakhs to ₹7.0 Lakhs per year for employees with experience between 4 years to 15 years. Check how did we calculate take home salary?
What is the notice period for Territory Manager at SBI Life Insurance Company?
According to AmbitionBox, 44% of the SBI Life Insurance Company Territory Managers reported a notice period of 1 Month, 24% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 96 responses on AmbitionBox in last 2 years.
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SBI Life Insurance Company Territory Manager Salaries by Location
- SBI Life Insurance Company Territory Manager salaries in Bhubaneswar
- SBI Life Insurance Company Territory Manager salaries in New Delhi
- SBI Life Insurance Company Territory Manager salaries in Madurai
- SBI Life Insurance Company Territory Manager salaries in Jaipur
- SBI Life Insurance Company Territory Manager salaries in Kozhikode
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SBI Life Insurance Company Territory Manager salary
in
India
ranges between ₹4
Lakhs to ₹7
Lakhs with an average annual salary of
₹. Salary estimates are based on
98
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.