SBI Life Insurance Company Bangalore / Bengaluru Territory Manager Salaries by 3 Employees (Updated 2024)

6 - 7 years exp.

₹5.5 Lakhs - ₹6 Lakhs

Low Confidence

Salary of majority employees

26% less than the average Territory Manager Salary in Insurance Companies for 6 - 7 years of experience

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Salaries in different departments

Sales & Business Development Territory Manager Salary 7 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6 L/yr
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BFSI, Investments & Trading Territory Manager Salary 6 years exp. (AmbitionBox Estimate)	₹5.6 L/yr - ₹6 L/yr

Last Updated: 3 Dec 2023

Companies similar to SBI Life Insurance Company for Territory Manager in Bangalore / Bengaluru

SBI Life Insurance Company Territory Manager Salary

6 - 7 years exp. (3 salaries)

₹5.5 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Territory Manager Salary 8 - 20 years exp. (14 salaries)	₹11 L/yr - ₹21 L/yr 148% more
Max Life Insurance Territory Manager Salary 11 - 16 years exp. (4 salaries)	₹10 L/yr - ₹13.7 L/yr 109% more
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Bajaj Allianz Life Insurance Territory Manager Salary 4 - 15 years exp. (7 salaries)	₹5 L/yr - ₹8 L/yr 10% more
Tata AIA Life Insurance Territory Manager Salary 5 - 9 years exp. (5 salaries)	₹6.5 L/yr - ₹8 L/yr 34% more	3 job openings
Reliance Nippon Life Insurance Territory Manager Salary 6 - 15 years exp. (7 salaries)	₹4 L/yr - ₹10 L/yr 31% more
Aviva Life Insurance India Territory Manager Salary 10 - 15 years exp. (3 salaries)	₹6.8 L/yr - ₹7.8 L/yr 20% more	3 job openings
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (9 salaries)	₹6.5 L/yr - ₹10 L/yr 58% more
PNB MetLife Territory Manager Salary 8 - 14 years exp. (6 salaries)	₹5.2 L/yr - ₹8.5 L/yr 27% more	1 job opening
Star Health & Allied Insurance Territory Manager Salary 13 - 18 years exp. (3 salaries)	₹8 L/yr - ₹15 L/yr 117% more

Territory Manager salary at SBI Life Insurance Company ranges between ₹5.5 Lakhs to ₹6 Lakhs per year for employees with experience between 6 years to 7 years. Salary estimates are based on 3 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Territory Manager salaries in Bangalore / Bengaluru

Last Updated: 3 Dec 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6 L/yr
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7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.2 L/yr

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary

(24 salaries)

₹7.5 L/yr - ₹13.21 L/yr

Area Sales Manager Salary

(8 salaries)

₹7 L/yr - ₹13.5 L/yr

Salary related reviews for SBI Life Insurance Company

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.

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

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

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

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.

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.

Business Development Manager in Work Form Bank And Field

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Sep 2023

1.0

for Salary and Benefits

Likes

Only Job Security,

Dislikes

...hear from long time. Only due to not get any increment I have left the job..... You will hire new persons on higher package but you won't retain ur old employes on giving them some litter bit hike or increment. My humble request to you that plz take care of your old employes who are working on lower package or CTC, from long time...plz don't force them to leave the job due to lower Package... And plz start Rehiring. Lots of old employes are ready to work with sbilife Again.🙏

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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SBI Life Insurance Company Territory Manager Salary FAQs

What is the notice period for Territory Manager at SBI Life Insurance Company in Bangalore / Bengaluru?

According to AmbitionBox, 100% of the SBI Life Insurance Company Territory Managers in Bangalore / Bengaluru reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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SBI Life Insurance Company Territory Manager Salaries in Bangalore / Bengaluru

SBI Life Insurance Company Territory Manager salary in Bangalore / Bengaluru ranges between ₹5.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Territory Manager salaries in Bangalore / Bengaluru

Companies similar to SBI Life Insurance Company for Territory Manager in Bangalore / Bengaluru

Latest annual salaries shared by SBI Life Insurance Company Territory Manager in Bangalore / Bengaluru

Experience wise SBI Life Insurance Company Territory Manager salaries in Bangalore / Bengaluru

Similar Designation salaries in SBI Life Insurance Company

Salary related reviews for SBI Life Insurance Company

Area Sales Manager in Vijayawada

Business Development Executive in Gangtok

Business Development Manager in Rajkot

Business Development Manager in Jaipur

Business Development Manager in Work Form Bank And Field

SBI Life Insurance Company Territory Manager Salary FAQs

Tell us how to improve this page.