Shriram Life Insurance Territory Manager Salaries by 9 Employees (Updated 2024)

3 - 10 years exp.

₹3 Lakhs - ₹7.2 Lakhs

Low Confidence

Salary of majority employees

39% less than the average Territory Manager Salary in Insurance Companies for 3 - 10 years of experience

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Last Updated: 13 Apr 2024

Companies similar to Shriram Life Insurance for Territory Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Territory Manager Salary 7 - 9 years exp. (4 salaries)	₹5.5 L/yr - ₹6.2 L/yr 29% more
HDFC Life Territory Manager Salary 8 - 20 years exp. (253 salaries)	₹10.2 L/yr - ₹21 L/yr 204% more
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SBI Life Insurance Company Territory Manager Salary 4 - 15 years exp. (100 salaries)	₹4 L/yr - ₹7 L/yr 19% more
Max Life Insurance Territory Manager Salary 10 - 18 years exp. (40 salaries)	₹6.6 L/yr - ₹19 L/yr 200% more
Bajaj Allianz Life Insurance Territory Manager Salary 4 - 20 years exp. (230 salaries)	₹3.7 L/yr - ₹9.2 L/yr 43% more
Kotak Mahindara Life Insurance Territory Manager Salary 15 - 20 years exp. (4 salaries)	₹15.4 L/yr - ₹20 L/yr 264% more
Reliance Nippon Life Insurance Territory Manager Salary 5 - 17 years exp. (103 salaries)	₹4 L/yr - ₹12 L/yr 60% more
Aditya Birla Sun Life Insurance Territory Manager Salary 2 - 11 years exp. (9 salaries)	₹6.3 L/yr - ₹9 L/yr 55% more
PNB MetLife Territory Manager Salary 5 - 17 years exp. (254 salaries)	₹4.6 L/yr - ₹10.3 L/yr 69% more	1 job opening
Tata AIA Life Insurance Territory Manager Salary 5 - 13 years exp. (82 salaries)	₹5.5 L/yr - ₹10.5 L/yr 82% more	4 job openings
Star Health & Allied Insurance Territory Manager Salary 10 - 20 years exp. (47 salaries)	₹7.2 L/yr - ₹17 L/yr 201% more
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ICICI Lombard General Insurance Company Territory Manager Salary 1 - 15 years exp. (42 salaries)	₹5.6 L/yr - ₹14 L/yr 102% more
Care Health Insurance Territory Manager Salary 5 - 15 years exp. (36 salaries)	₹4.2 L/yr - ₹7.9 L/yr 35% more
HDFC Ergo General Insurance Territory Manager Salary 5 - 18 years exp. (18 salaries)	₹4 L/yr - ₹8.8 L/yr 58% more
Life Insurance Corporation of India Territory Manager Salary 7 - 15 years exp. (6 salaries)	₹4 L/yr - ₹11.5 L/yr 76% more
MetLife Territory Manager Salary 7 - 14 years exp. (4 salaries)	₹6 L/yr - ₹8.7 L/yr 65% more
SBI General Insurance Territory Manager Salary 10 - 19 years exp. (4 salaries)	₹5.2 L/yr - ₹14 L/yr 84% more

Territory Manager salary at Shriram Life Insurance ranges between ₹3 Lakhs to ₹7.2 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 9 latest salaries received from various employees of Shriram Life Insurance.

Experience wise Shriram Life Insurance Territory Manager salaries

Last Updated: 13 Apr 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹7.8 L/yr
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
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5 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹7.9 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹8 L/yr
7 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
9 years (AmbitionBox Estimate)	₹1.8 L/yr - ₹7.2 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹8.2 L/yr

View all

Similar Designation salaries in Shriram Life Insurance

Territory Sales Manager Salary

(AmbitionBox Estimate)

₹2.2 L/yr - ₹2.8 L/yr

Deputy Manager Salary

(44 salaries)

₹4 L/yr - ₹10 L/yr

Senior Territory Manager Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Area Manager Salary

(43 salaries)

₹3.7 L/yr - ₹11 L/yr

Area Sales Manager Salary

(18 salaries)

₹1.8 L/yr - ₹6 L/yr

Sales Manager Salary

(100 salaries)

₹1.65 L/yr - ₹5 L/yr

Senior Sales Manager Salary

(7 salaries)

₹2.5 L/yr - ₹8 L/yr

Relationship Manager Salary

(99 salaries)

₹1.82 L/yr - ₹6.25 L/yr

Senior Territory Sales Manager Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Team Lead Salary

(39 salaries)

₹2.4 L/yr - ₹5.5 L/yr

Top skills at Shriram Life Insurance for Territory Manager

Territory Management Sales Life Insurance Agency Sales Team Handling Cross Selling Business Development Training Policies Distribution Sales Operations Networking Skills Sales Development Branch Handling Direct Sales

Salary related reviews for Shriram Life Insurance

3.6

Rated by 3 employees for salary & benefits

Territory Manager in New Delhi

BFSI, Investments & Trading Department

4.0

• posted on 31 Jul 2020

3.0

for Salary and Benefits

Likes

Work culture here is pretty flexible which allows people to work at their own pace and conviniece. Company is not very aggresive in nature and has indeed helped all their junior and mid level employees by providing full compensation during lockdown. When it comes to management, they are bit shaken after covid...making drastic changes which is not welcomed by many.

Dislikes

Weak management. Worst paymaster in the industry and despite this they foucs immenly on cost cutting. Poor office infrastructure (branhces) expect the head office.

Sales Executive in Hyderabad / Secunderabad

Customer Service Department

1.0

• posted on 09 Mar 2021

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

... If my father is not well they are telling to get the sell from family members. They have told that If I sell the product the my family member then I will get my salary otherwise not see this is the company which is not at all employee centric it is only about their reputation and in terms of their reputation that are cheating their customers. So do not believe in this company please believe a trusted one.

Senior Business Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Mar 2024

1.0

for Salary and Benefits

Likes

Nothing to like

Dislikes

Work culture horrible. HR is not bothered. They dont even respond to your calls .salary deduction is ver high .no security for your job they can remove you anytime.horrible company..even sundays they expect to work.

Unit Manager in Hubli

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 19 Jun 2023

1.0

for Salary and Benefits

Likes

There is not a single good things about Shriram life insurance Company. Its horrible place for work.

Dislikes

Reckless Boss, after joining 1st month salary provided after that No salary no response from HR, your attendance doesn't matters. If they wish then only you will get salary. One of the worst experience I had in 6months.

Accounts Receivable Executive in Hyderabad / Secunderabad

Full Time

Finance & Accounting Department

5.0

• posted on 02 May 2023

4.0

for Salary and Benefits

Likes

I like the work culture and friendly environment with each and every single people and cultural activities are good.

Dislikes

Salaries are less compared to other companies, so push HR in starting itself for ur salary and salary deductions are high these are he dislikes. I felt !

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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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Shriram Life Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at Shriram Life Insurance?

Territory Manager salary at Shriram Life Insurance in India ranges between ₹3.0 Lakhs to ₹7.2 Lakhs for experience between 3 years to 10 years. According to our estimates it is 39% less than the average Territory Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Shriram Life Insurance India.

How does the salary of a Territory Manager at Shriram Life Insurance India compare with the average salary range for this job?

The average salary of a Territory Manager at Shriram Life Insurance is 39% less than the average salary of a Territory Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Territory Manager at Shriram Life Insurance?

Territory Management, Sales, Life Insurance, Agency Sales and Team Handling are some of the popular skills required to work as a Territory Manager at Shriram Life Insurance India.

Which similar companies are paying more than Shriram Life Insurance 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 - ₹10.2 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 - ₹6.6 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 Shriram Life Insurance in India?

SBI General Insurance Territory Manager Salary - ₹5.2 Lakhs to ₹14.0 Lakhs per year
Tata AIA Life Insurance Territory Manager Salary - ₹5.5 Lakhs to ₹10.5 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 - ₹4.6 Lakhs to ₹10.3 Lakhs per year
MetLife Territory Manager Salary - ₹6.0 Lakhs to ₹8.7 Lakhs per year

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

The estimated take-home salary of a Territory Manager at Shriram Life Insurance ranges between ₹33,485 per month to ₹34,747 per month in India. The take-home salary calculation is based on the average Shriram Life Insurance Territory Manager salary in India which ranges between ₹3.0 Lakhs to ₹7.2 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Territory Manager at Shriram Life Insurance?

According to AmbitionBox, 100% of the Shriram Life Insurance Territory Managers reported a notice period of 15 days or less.This is based on 4 responses on AmbitionBox in last 2 years.

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Shriram Life Insurance Territory Manager Salaries

Shriram Life Insurance Territory Manager salary in India ranges between ₹3 Lakhs to ₹7.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Shriram Life Insurance latest salaries received from various employees of Shriram Life Insurance.