Reliance Nippon Life Insurance ASM Salaries by 10 Employees (Updated 2025)

1 - 13 years exp.

₹2 Lakhs - ₹3.6 Lakhs

Low Confidence

Salary of majority employees

65% less than the average ASM Salary in Insurance Companies for 1 - 13 years of experience

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Salaries in different departments

Marketing & Communication ASM Salary 9 - 13 years exp. (5 salaries)	₹2.8 L/yr - ₹3.6 L/yr
Sales & Business Development ASM Salary 3 - 4 years exp. (3 salaries)	₹2 L/yr - ₹2.1 L/yr
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BFSI, Investments & Trading ASM Salary 1 year exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.6 L/yr

Last Updated: 8 Mar 2025

Companies similar to Reliance Nippon Life Insurance for ASM

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance ASM Salary 1 - 9 years exp. (115 salaries)	₹2.5 L/yr - ₹4.8 L/yr 44% more
HDFC Life ASM Salary 0 - 8 years exp. (62 salaries)	₹2.7 L/yr - ₹5 L/yr 54% more
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Aditya Birla Health Insurance Co ASM Salary 1 - 6 years exp. (18 salaries)	₹2.2 L/yr - ₹4.5 L/yr 25% more
Aditya Birla Sun Life Insurance ASM Salary 0 - 5 years exp. (10 salaries)	₹2.3 L/yr - ₹3.5 L/yr 8% more
Tata AIA Life Insurance ASM Salary 4 - 11 years exp. (4 salaries)	₹4 L/yr - ₹4.3 L/yr 58% more
HDFC Ergo General Insurance ASM Salary 0 - 9 years exp. (4 salaries)	₹3.2 L/yr - ₹10.5 L/yr 97% more
ICICI Prudential Life Insurance ASM Salary 1 - 4 years exp. (3 salaries)	₹4.5 L/yr - ₹4.9 L/yr 86% more
Life Insurance Corporation of India ASM Salary 7 - 8 years exp. (3 salaries)	₹3 L/yr - ₹5 L/yr 68% more
ICICI Lombard General Insurance Company ASM Salary 5 - 10 years exp. (3 salaries)	₹7.6 L/yr - ₹30 L/yr 619% more
Bajaj Allianz General Insurance ASM Salary 4 - 15 years exp. (3 salaries)	₹5.7 L/yr - ₹9 L/yr 186% more
Bajaj Allianz Life Insurance ASM Salary 1 - 5 years exp. (3 salaries)	₹1.9 L/yr - ₹2.3 L/yr 13% less
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ASM salary at Reliance Nippon Life Insurance ranges between ₹2 Lakhs to ₹3.6 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 10 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance ASM salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr
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3 years (AmbitionBox Estimate)	₹2 L/yr - ₹4.6 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹4.6 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
6 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
7 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
8 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
9 years (AmbitionBox Estimate)	₹1 L/yr - ₹3.5 L/yr
10 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.6 L/yr
11 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.5 L/yr
12 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹2.8 L/yr
13 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.6 L/yr

View all

Similar Designation salaries in Reliance Nippon Life Insurance

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₹6.25 L/yr - ₹14 L/yr

Agency Development Manager Salary

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₹1.2 L/yr - ₹5 L/yr

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₹4 L/yr - ₹12 L/yr

Salary related reviews for Reliance Nippon Life Insurance

2.1

Rated by 5 employees for salary & benefits

Senior Territory Manager in Lucknow

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 08 Jan 2025

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

Worst leadership, one can never expect 100℅ in hand salary, they are on a deduction spree upto ARDM & Branch Manager Level. Lowest commission to agents, renewal commission to agents gets a 75℅ deductions. End number of con calls Immature leaders don't have the skills to lead. So many clauses which is directly affecting attrition to the highest level

Salary - Poor

+6 more

Agency Development Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 07 Nov 2024

1.0

for Salary and Benefits

Likes

Too much ghatia i mean wrost experience ever..

Dislikes

...e to get policy on my name nd told if i didn't get the policy i cant get my job. Totally fraud company they did gave me any salary i work 2 month straight .

Salary - Bad

+6 more

Assistant Branch Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 23 Dec 2024

1.0

for Salary and Benefits

Dislikes

No specifications and job clarity for the role of ABM and salary deduction as per company's discrition which do not bring any corporate feelings to employees it seems they are working in a grocery shop not in corporate

Salary - Bad

+5 more

Key Relationship Manager in Jammu

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 29 Jul 2023

3.0

for Salary and Benefits

Likes

The work life balance here in reliance is excellent. No unnecessary pressure is put up on you. Proper training and induction is conducted when you join the company. The incentive structure is very nice compared toother organizations.

Skill development - Good

+3 more

Dislikes

There is no appraisal criteria here. Only way to increase your salary is tthrough promotions and which sometime is difficult to achieve .

Promotions - Poor

Assistant Branch Manager in New Delhi

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 09 Jun 2023

3.0

for Salary and Benefits

Likes

I am working in Face to Face channel that concept is good & that channel work on women Empowerment when I hired that women & groom also that movement feel good when she earn self respect from society. Salary always give on time.

Dislikes

Salary package less Promotion option Nil On Festival like Diwali even not give single rupee gift even . PLI stop from last year No support on Stationery & Housekeeping materials.

Promotions - Poor

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Reliance Nippon Life Insurance ASM Salary FAQs

What is the salary of ASM at Reliance Nippon Life Insurance ?

The average salary of a ASM at Reliance Nippon Life Insurance in India typically ranges from ₹2.0 Lakhs to ₹3.6 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of ASM at Reliance Nippon Life Insurance earn more than ₹3.6 Lakhs per year, and the top 1% earn over ₹3.6 Lakhs per year. ASM Salaries at Reliance Nippon Life 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 10 Reliance Nippon Life Insurance employees in India.

What is the estimated take home salary of a ASM at Reliance Nippon Life Insurance in India?

The estimated take-home salary of a ASM at Reliance Nippon Life Insurance in India typically ranges from ₹18,178 to ₹19,868 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.6 Lakhs per year for employees with experience ranging from 1 year to 13 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 10 salaries received from various employees of Reliance Nippon Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Reliance Nippon Life Insurance for ASM in India?

ICICI Lombard General Insurance Company	₹7.6 Lakhs to ₹30.0 Lakhs per year
Bajaj Allianz General Insurance	₹5.7 Lakhs to ₹9.0 Lakhs per year
HDFC Ergo General Insurance	₹3.2 Lakhs to ₹10.5 Lakhs per year
ICICI Prudential Life Insurance	₹4.5 Lakhs to ₹4.9 Lakhs per year
Life Insurance Corporation of India	₹3.0 Lakhs to ₹5.0 Lakhs per year

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

What is the salary of a ASM in companies similar to Reliance Nippon Life Insurance in India?

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

Tata AIA Life Insurance	₹4.0 Lakhs to ₹4.3 Lakhs per year
HDFC Life	₹2.7 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance	₹2.5 Lakhs to ₹4.8 Lakhs per year
Aditya Birla Health Insurance Co	₹2.2 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.3 Lakhs to ₹3.5 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 ASM at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹4.5 Lakhs per year
2 years	₹2.3 Lakhs to ₹2.9 Lakhs per year
3 years	₹2.0 Lakhs to ₹4.6 Lakhs per year
4 years	₹2.0 Lakhs to ₹4.6 Lakhs per year

and so on.

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Reliance Nippon Life Insurance ASM Salaries

Reliance Nippon Life Insurance ASM salary in India ranges between ₹2 Lakhs to ₹3.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.