Reliance Nippon Life Insurance Banking Officer Salaries by 4 Employees

3 - 5 years exp.

₹2.4 Lakhs - ₹2.6 Lakhs

Low Confidence

Salary of majority employees

39% less than the average Banking Officer Salary in Insurance Companies for 3 - 5 years of experience

Interested in this particular role?

Last Updated: 24 Nov 2024

Companies similar to Reliance Nippon Life Insurance for Banking Officer

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Banking Officer Salary 0 - 6 years exp. (12 salaries)	₹0.8 L/yr - ₹6.4 L/yr 36% more
ICICI Prudential Life Insurance Banking Officer Salary 1 - 6 years exp. (9 salaries)	₹2.7 L/yr - ₹3.5 L/yr 32% more
Login to view exact salary
ICICI Lombard General Insurance Company Banking Officer Salary 0 - 8 years exp. (6 salaries)	₹1.9 L/yr - ₹4.5 L/yr 23% more
Tata AIA Life Insurance Banking Officer Salary 0 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹4.5 L/yr 30% more
SBI General Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹1.4 L/yr - ₹3.1 L/yr 2% less
Bajaj Allianz Life Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹2.3 L/yr - ₹3.3 L/yr 23% more
HDFC Life Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹2.5 L/yr - ₹4 L/yr 8% more
Axis Max Life Insurance Banking Officer Salary 1 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.3 L/yr 31% more
Life Insurance Corporation of India Banking Officer Salary 0 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 64% more
PNB MetLife Banking Officer Salary 1 - 3 years exp. (4 salaries)	₹1.7 L/yr - ₹3 L/yr 5% less
Kotak Mahindara Life Insurance Banking Officer Salary 0 - 2 years exp. (4 salaries)	₹0.4 L/yr - ₹8 L/yr 41% more
Login to view exact salary
HDFC Ergo General Insurance Banking Officer Salary 1 - 3 years exp. (3 salaries)	₹2.4 L/yr - ₹3.3 L/yr 20% more

Banking Officer salary at Reliance Nippon Life Insurance ranges between ₹2.4 Lakhs to ₹2.6 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Banking Officer salaries

Last Updated: 24 Nov 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
4 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Accounts Officer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Management Trainee Salary

(4 salaries)

₹1.5 L/yr - ₹3 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Deputy Manager Salary

(64 salaries)

₹3.7 L/yr - ₹12.42 L/yr

Senior Associate Salary

(6 salaries)

₹1.75 L/yr - ₹2.8 L/yr

Financial Analyst Salary

(3 salaries)

₹3 L/yr - ₹4.1 L/yr

Finance Executive Salary

(5 salaries)

₹2.6 L/yr - ₹4.2 L/yr

Accountant Salary

(5 salaries)

₹1.05 L/yr - ₹2 L/yr

Team Lead Salary

(43 salaries)

₹2.4 L/yr - ₹4.6 L/yr

Account Assistant Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Salary related reviews for Reliance Nippon Life Insurance

1.0

Rated by 1 employees for salary & benefits

Team Lead in Mirza

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 29 Jun 2022

2.0

for Salary and Benefits

Likes

Office Timing is very good.

Job security - Good

Dislikes

In Branch operations employee unnecessary salary cut is very bad culture. And need saturday off twice in a month. Career growth is very slow and no options in operations department.

Salary - Poor

+3 more

Relationship Manager in New Delhi

BFSI, Investments & Trading Department

3.0

• posted on 01 Feb 2022

3.0

for Salary and Benefits

Likes

Here when I started with company I got to know company has no enough data to call customer for advising any policy we need to visit our family members house only for selling policies its better to be a agent as we needs to sell policy to our family or pay out is heigh there

Dislikes

No compensation for home visit like petrol expanse in 30k salary we need to visit customer home for meeting on own expense

Job security - Poor

+4 more

Life Insurance Advisor in Indore

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 16 Mar 2025

2.0

for Salary and Benefits

Likes

I have a love-hate relationship with working here because I learn something new every day. Whether it’s the latest updates, training sessions, new products, or communication skills training, there’s always something valuable to gain. Plus, the amazing deals make it even better. As I’m so comfortable too cuz of good faculty and better understanding between colleagues and senior staff that helps me very well to manage home and office both

Skill development - Excellent

+4 more

Dislikes

...n. Promotion is extremely difficult to achieve, and there is a risk of demotion. Additionally, salary increases are minimal and progress very slowly, which can be discouraging for those looking to advance financially.

Salary - Poor

+1 more

Head Human Resources in Mumbai

Full Time

Human Resources Department

1.0

• posted on 07 Feb 2025

2.0

for Salary and Benefits

Likes

Nothing as such. Old people having good knowledge but the current management doe’s let them work.

Dislikes

They have a policy of deducting salary of Sales executives from the 2nd month on non achieving of targets from doj. Which is terrible. Salary not getting credited on time. Demotions happens if not working well for 1 month even. Worst place to work.

Salary - Poor

+6 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

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

Got a question about Reliance Nippon Life Insurance?

Ask anonymously on communities.

Reliance Nippon Life Insurance Banking Officer Salary FAQs

What is the salary of Banking Officer at Reliance Nippon Life Insurance ?

The average salary of a Banking Officer at Reliance Nippon Life Insurance in India typically ranges from ₹2.4 Lakhs to ₹2.6 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Banking Officer at Reliance Nippon Life Insurance earn more than ₹2.6 Lakhs per year, and the top 1% earn over ₹2.6 Lakhs per year. Banking Officer 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 4 Reliance Nippon Life Insurance employees in India.

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

The estimated take-home salary of a Banking Officer at Reliance Nippon Life Insurance in India typically ranges from ₹16,860 to ₹18,570 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹2.6 Lakhs per year for employees with experience ranging from 3 years to 5 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 4 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 Banking Officer in India?

Life Insurance Corporation of India	₹2.9 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance	₹0.4 Lakhs to ₹8.0 Lakhs per year
SBI Life Insurance Company	₹0.8 Lakhs to ₹6.4 Lakhs per year
ICICI Prudential Life Insurance	₹2.7 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance	₹2.4 Lakhs to ₹3.3 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 Banking Officer in companies similar to Reliance Nippon Life Insurance in India?

The salary of a Banking Officer 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	₹2.6 Lakhs to ₹4.5 Lakhs per year
ICICI Lombard General Insurance Company	₹1.9 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹3.3 Lakhs per year
HDFC Ergo General Insurance	₹2.4 Lakhs to ₹3.3 Lakhs per year
HDFC Life	₹2.5 Lakhs to ₹4.0 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 Banking Officer at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
3 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
4 years	₹2.2 Lakhs to ₹2.8 Lakhs per year
5 years	₹2.2 Lakhs to ₹2.8 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Reliance Nippon Life Insurance Salaries >
Reliance Nippon Life Insurance Banking Officer Salaries

Reliance Nippon Life Insurance Banking Officer salary in India ranges between ₹2.4 Lakhs to ₹2.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.