Reliance General Insurance Bancassurance Manager Salaries by 5 Employees

1 - 9 years exp.

₹3 Lakhs - ₹8.4 Lakhs

Low Confidence

Salary of majority employees

7% less than the average Bancassurance Manager Salary in Insurance Companies for 1 - 9 years of experience

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Salaries in different departments

Sales & Business Development Bancassurance Manager Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹5 L/yr
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BFSI, Investments & Trading Bancassurance Manager Salary 9 years exp. (AmbitionBox Estimate)	₹5.1 L/yr - ₹8.4 L/yr

Last Updated: 26 May 2023

Companies similar to Reliance General Insurance for Bancassurance Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Bancassurance Manager Salary 0 - 12 years exp. (1.2k salaries)	₹3 L/yr - ₹7 L/yr 11% more	4 job openings
Tata AIA Life Insurance Bancassurance Manager Salary 3 - 10 years exp. (126 salaries)	₹2.5 L/yr - ₹7.3 L/yr 9% more
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ICICI Prudential Life Insurance Bancassurance Manager Salary 0 - 10 years exp. (27 salaries)	₹2.7 L/yr - ₹6.5 L/yr 24% less
PNB MetLife Bancassurance Manager Salary 1 - 7 years exp. (15 salaries)	₹2.3 L/yr - ₹5 L/yr 26% less
Bajaj Allianz Life Insurance Bancassurance Manager Salary 2 - 9 years exp. (10 salaries)	₹2.7 L/yr - ₹3.8 L/yr 30% less
Aditya Birla Sun Life Insurance Bancassurance Manager Salary 0 - 9 years exp. (9 salaries)	₹2.5 L/yr - ₹5 L/yr 19% less
SBI Life Insurance Company Bancassurance Manager Salary 3 - 9 years exp. (9 salaries)	₹3 L/yr - ₹5 L/yr 7% less
ICICI Lombard General Insurance Company Bancassurance Manager Salary 2 - 11 years exp. (7 salaries)	₹4.2 L/yr - ₹6.3 L/yr 4% less
Aditya Birla Health Insurance Co Bancassurance Manager Salary 0 - 8 years exp. (7 salaries)	₹3.3 L/yr - ₹4.5 L/yr 21% less
SBI General Insurance Bancassurance Manager Salary 6 - 11 years exp. (4 salaries)	₹4.1 L/yr - ₹7.3 L/yr 13% less
Canara HSBC Life Insurance Bancassurance Manager Salary 6 - 10 years exp. (5 salaries)	₹4.2 L/yr - ₹8.5 L/yr 19% more
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Iffco Tokio General Insurance Co. Bancassurance Manager Salary 2 - 13 years exp. (4 salaries)	₹6 L/yr - ₹6.5 L/yr 19% more
Star Health & Allied Insurance Bancassurance Manager Salary 0 - 6 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 38% less

Bancassurance Manager salary at Reliance General Insurance ranges between ₹3 Lakhs to ₹8.4 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 5 latest salaries received from various employees of Reliance General Insurance.

Experience wise Reliance General Insurance Bancassurance Manager salaries

Last Updated: 26 May 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹7.2 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹8 L/yr
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3 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.2 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹9.2 L/yr
7 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹5.9 L/yr
8 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹8.4 L/yr

View all

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Salary related reviews for Reliance General Insurance

Area Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 06 Nov 2023

4.0

for Salary and Benefits

Likes

Depends on the Vertical and Reporting Manager. Bonus, The Remuneration part is very good

Salary - Good

Dislikes

Bonus amount has capping of 6 months. Notice period is 3 months. And Like and Dislikes depend upon the current manager.

Job security - Poor

+2 more

Deputy Manager in Lucknow

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 12 Jul 2023

2.0

for Salary and Benefits

Likes

Job surity

Dislikes

...ntives criteria. Company shall pay bonus on your based performance of the year. That is no pay such a big amount and company add the clause in your bonus. If you resign before six months company shall recovered your bonus amount.

Salary - Poor

+4 more

Associate Sales Manager in Durgapur

Full Time

Sales & Operations Department

3.0

• posted on 28 Apr 2022

4.0

for Salary and Benefits

Likes

High salary

Salary - Good

+1 more

Dislikes

Too much office politics, unfair treatment from branch manager, partiality, management policies not up to mark. Low conveyance allowance and medical benefits. Unequal treatment to agents, bad claim settlement,

Job security - Poor

+4 more

Associate Sales Manager in Mumbai

Full Time

Sales Agency vertical Department

5.0

• posted on 03 Apr 2019

5.0

for Salary and Benefits

Likes

As I was fresher, to understand and learn process was a big task for me but with the help of my team & my boss it became easy. I was in sales so got an opportunity to meet different kind of people which helped me to improve my communication skills & interpersonal skills. Work environment was also good.

Salary - Excellent

+3 more

Dislikes

Work pressure is high so to maintain work-life balance is a difficult task. Compensation is decent but growth is slow.

Cluster Manager in Kolkata

Sales & Business Development Department

5.0

• posted on 02 May 2022

5.0

for Salary and Benefits

Likes

More then 10 yrs I have worked with RGICL this is not easy to job in single co. For 10 yrs but I m saying heartily this is Exilent co . Working environment is very good ' HR and senior personality is very supportive ' in time of COVOD 19 Co is good support to our employee this is very good co. In GI sector if any body wish to join ' pls join without hesitate

Salary - Excellent

+6 more

Dislikes

# Bonus is good but come to late by 2-3 three months after finishing FY # 6Months bounding after receiving Bonus ' if you change completely Bonus part have to be refund to Co.

see more salary related reviews

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Reliance General Insurance Bancassurance Manager Salary FAQs

What is the salary of Bancassurance Manager at Reliance General Insurance ?

The average salary of a Bancassurance Manager at Reliance General Insurance in India typically ranges from ₹3.0 Lakhs to ₹8.4 Lakhs per year, depending on experience (from 1 year to 9 years).

The top 10% of Bancassurance Manager at Reliance General Insurance earn more than ₹8.4 Lakhs per year, and the top 1% earn over ₹8.4 Lakhs per year. Bancassurance Manager Salaries at Reliance General Insurance 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 5 Reliance General Insurance employees in India.

What is the estimated take home salary of a Bancassurance Manager at Reliance General Insurance in India?

The estimated take-home salary of a Bancassurance Manager at Reliance General Insurance in India typically ranges from ₹38,328 to ₹39,518 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹8.4 Lakhs per year for employees with experience ranging from 1 year to 9 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 5 salaries received from various employees of Reliance General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Reliance General Insurance for Bancassurance Manager in India?

Canara HSBC Life Insurance	₹4.2 Lakhs to ₹8.5 Lakhs per year
Iffco Tokio General Insurance Co.	₹6.0 Lakhs to ₹6.5 Lakhs per year
HDFC Life	₹3.0 Lakhs to ₹7.0 Lakhs per year
Tata AIA Life Insurance	₹2.5 Lakhs to ₹7.3 Lakhs per year

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

What is the salary of a Bancassurance Manager in companies similar to Reliance General Insurance in India?

The salary of a Bancassurance Manager at companies similar to Reliance General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company	₹4.2 Lakhs to ₹6.3 Lakhs per year
SBI Life Insurance Company	₹3.0 Lakhs to ₹5.0 Lakhs per year
SBI General Insurance	₹4.1 Lakhs to ₹7.3 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.5 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Health Insurance Co	₹3.3 Lakhs to ₹4.5 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 Bancassurance Manager at Reliance General Insurance in India?

The salary growth for a Bancassurance Manager at Reliance General Insurance depends on factors such as experience, performance, and promotions. On average, a Bancassurance Manager can expect the following growth trajectory at Reliance General Insurance:

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹7.2 Lakhs per year
2 years	₹2.0 Lakhs to ₹8.0 Lakhs per year
3 years	₹4.5 Lakhs to ₹5.8 Lakhs per year
4 years	₹4.6 Lakhs to ₹5.8 Lakhs per year

and so on.

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Reliance General Insurance Bancassurance Manager Salaries

Reliance General Insurance Bancassurance Manager salary in India ranges between ₹3 Lakhs to ₹8.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Reliance General Insurance latest salaries received from various employees of Reliance General Insurance.