SBI Life Insurance Company New Delhi Territory Manager Salaries by 4 Employees (Updated 2025)

5 - 10 years exp.

₹5.3 Lakhs - ₹6 Lakhs

Salary of majority employees

29% less than the average Territory Manager Salary in Insurance Companies for 5 - 10 years of experience

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Salaries in different departments

BFSI, Investments & Trading Territory Manager Salary 6 - 10 years exp. (AmbitionBox Estimate)	₹5.3 L/yr - ₹5.9 L/yr
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Sales & Business Development Territory Manager Salary 5 - 10 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6 L/yr

Last Updated: 5 Jun 2024

Companies similar to SBI Life Insurance Company for Territory Manager in New Delhi

SBI Life Insurance Company Territory Manager Salary

5 - 10 years exp. (4 salaries)

₹5.3 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Territory Manager Salary 8 - 20 years exp. (35 salaries)	₹9.4 L/yr - ₹20 L/yr 193% more
Max Life Insurance Territory Manager Salary 11 - 18 years exp. (13 salaries)	₹8.5 L/yr - ₹19 L/yr 166% more
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Bajaj Allianz Life Insurance Territory Manager Salary 6 - 14 years exp. (12 salaries)	₹6 L/yr - ₹8 L/yr 18% more
Tata AIA Life Insurance Territory Manager Salary 7 - 12 years exp. (10 salaries)	₹5.5 L/yr - ₹10 L/yr 50% more	4 job openings
Aviva Life Insurance India Territory Manager Salary 7 - 14 years exp. (6 salaries)	₹8.1 L/yr - ₹10.1 L/yr 59% more	1 job opening
PNB MetLife Territory Manager Salary 4 - 16 years exp. (62 salaries)	₹4.6 L/yr - ₹10 L/yr 35% more
ICICI Lombard General Insurance Company Territory Manager Salary 1 - 12 years exp. (9 salaries)	₹6 L/yr - ₹14 L/yr 77% more
Bajaj Allianz General Insurance Territory Manager Salary 2 - 11 years exp. (6 salaries)	₹3.8 L/yr - ₹6 L/yr 5% less
HDFC Ergo General Insurance Territory Manager Salary 5 - 18 years exp. (6 salaries)	₹4 L/yr - ₹8 L/yr 29% more
Star Health & Allied Insurance Territory Manager Salary 10 - 15 years exp. (6 salaries)	₹7.2 L/yr - ₹15.6 L/yr 147% more
Shriram Life Insurance Territory Manager Salary 5 - 8 years exp. (3 salaries)	₹4.3 L/yr - ₹4.5 L/yr 19% less
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Territory Manager salary at SBI Life Insurance Company ranges between ₹5.3 Lakhs to ₹6 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Territory Manager salaries in New Delhi

Last Updated: 5 Jun 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹5.8 L/yr
6 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹9.6 L/yr
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7 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
8 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.2 L/yr
9 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.2 L/yr
10 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹6 L/yr

View all

From

Territory Manager

₹

Lakhs/yr

4 - 15 years exp.

Divisional Sales Manager

₹

Lakhs/yr

11 - 20 years exp.

Territory Manager 4 - 15 years exp.

Branch Sales Manager 6 - 20 years exp.

66% hike

Divisional Sales Manager 11 - 20 years exp.

97% hike

From

Territory Manager

4 - 15 years exp.

Associate Branch Manager

3 - 20 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in SBI Life Insurance Company

Area Manager Salary

(26 salaries)

₹6.05 L/yr - ₹12.8 L/yr

Relationship Manager Salary

(7 salaries)

₹3 L/yr - ₹4.85 L/yr

Salary related reviews for SBI Life Insurance Company

1.1

Rated by 2 employees for salary & benefits

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.

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,

Job security - Good

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.🙏

Salary - Bad

+3 more

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SBI Life Insurance Company Territory Manager Salary FAQs

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

Territory Manager salary at SBI Life Insurance Company in New Delhi ranges between ₹5.3 Lakhs to ₹6.0 Lakhs for experience between 5 years to 10 years. According to our estimates it is 29% less than the average Territory Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company New Delhi.

How does the salary of a Territory Manager at SBI Life Insurance Company New Delhi compare with the average salary range for this job?

The average salary of a Territory Manager at SBI Life Insurance Company is 29% less than the average salary of a Territory Manager in New Delhi. To know exact salary insights, login to view.

Which similar companies are paying more than SBI Life Insurance Company to a Territory Manager in New Delhi?

HDFC Life Territory Manager Salary - ₹9.4 Lakhs to ₹20.0 Lakhs per year
Max Life Insurance Territory Manager Salary - ₹8.5 Lakhs to ₹19.0 Lakhs per year
Star Health & Allied Insurance Territory Manager Salary - ₹7.2 Lakhs to ₹15.6 Lakhs per year
ICICI Lombard General Insurance Company Territory Manager Salary - ₹6.0 Lakhs to ₹14.0 Lakhs per year
Aviva Life Insurance India Territory Manager Salary - ₹8.1 Lakhs to ₹10.1 Lakhs per year

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

Tata AIA Life Insurance Territory Manager Salary - ₹5.5 Lakhs to ₹10.0 Lakhs per year
PNB MetLife Territory Manager Salary - ₹4.6 Lakhs to ₹10.0 Lakhs per year
HDFC Ergo General Insurance Territory Manager Salary - ₹4.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz Life Insurance Territory Manager Salary - ₹6.0 Lakhs to ₹8.0 Lakhs per year
Bajaj Allianz General Insurance Territory Manager Salary - ₹3.8 Lakhs to ₹6.0 Lakhs per year

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

The estimated take-home salary of a Territory Manager at SBI Life Insurance Company ranges between ₹40,960 per month to ₹42,111 per month in New Delhi. The take-home salary calculation is based on the average SBI Life Insurance Company Territory Manager salary in India which ranges between ₹5.3 Lakhs to ₹6.0 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Territory Manager at SBI Life Insurance Company in New Delhi?

According to AmbitionBox, 67% of the SBI Life Insurance Company Territory Managers in New Delhi reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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SBI Life Insurance Company Territory Manager Salaries in New Delhi

SBI Life Insurance Company Territory Manager salary in New Delhi ranges between ₹5.3 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.

SBI Life Insurance Company Territory Manager salaries in New Delhi

Companies similar to SBI Life Insurance Company for Territory Manager in New Delhi

Latest annual salaries shared by SBI Life Insurance Company Territory Manager in New Delhi

Experience wise SBI Life Insurance Company Territory Manager salaries in New Delhi

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.