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Reliance Nippon Life Insurance Business Development Manager salaries in India

Annual salary range
2 - 14 years exp.
₹1.8 Lakh - ₹6 Lakhs
Salary of majority employees
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44% less than the average Business Development Manager Salary in Insurance Companies for 2 - 14 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Business Development Manager Salary
2 - 14 years exp. (18 salaries)
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₹1.8 L/yr - ₹5.7 L/yr

Sales & Business Development
Business Development Manager Salary
3 - 14 years exp. (18 salaries)
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₹1.8 L/yr - ₹6 L/yr

Customer Success, Service & Operations
Business Development Manager Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹4.2 L/yr - ₹5 L/yr

Finance & Accounting
Business Development Manager Salary
2 - 10 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹6 L/yr

Marketing & Communication
Business Development Manager Salary
8 - 9 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹5.1 L/yr

Last Updated: 31 Jan 2025

Companies similar to Reliance Nippon Life Insurance for Business Development Manager

Company name Avg Annual Salary Open Jobs
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HDFC Life Business Development Manager Salary

0 - 11 years exp. (1.4k salaries)

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₹1.5 L/yr - ₹5 L/yr

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14 job openings
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₹1.9 L/yr - ₹5.6 L/yr

arrow icon 9% less
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₹1.9 L/yr - ₹7 L/yr

arrow icon 15% more
1 job opening
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₹2.2 L/yr - ₹7.5 L/yr

arrow icon 25% more
5 job openings
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₹3 L/yr - ₹6 L/yr

arrow icon 1% more
2 job openings
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₹1.6 L/yr - ₹5.1 L/yr

arrow icon 12% less
10 job openings
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₹3 L/yr - ₹5.5 L/yr

At par
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₹2.2 L/yr - ₹10.3 L/yr

arrow icon 37% more
2 job openings
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₹3.5 L/yr - ₹7 L/yr

arrow icon 19% more
18 job openings
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₹3.4 L/yr - ₹6 L/yr

arrow icon 9% more
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₹2 L/yr - ₹7.2 L/yr

arrow icon 24% less
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₹1.1 L/yr - ₹9.1 L/yr

arrow icon 3% less
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₹2 L/yr - ₹6.5 L/yr

arrow icon 16% less
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₹1.8 L/yr - ₹7 L/yr

arrow icon 6% less
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₹2.7 L/yr - ₹5.4 L/yr

arrow icon 3% more
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₹2 L/yr - ₹5.8 L/yr

arrow icon 9% less
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₹11.4 L/yr - ₹24.6 L/yr

arrow icon 439% more
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Gallagher Business Development Manager Salary

4 - 14 years exp. (3 salaries)

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₹10 L/yr - ₹10.8 L/yr

arrow icon 142% more
Business Development Manager salary at Reliance Nippon Life Insurance ranges between ₹1.8 Lakh to ₹6 Lakhs per year for employees with experience between 2 years to 14 years. Salary estimates are based on 58 latest salaries received from various employees of Reliance Nippon Life Insurance.

Latest annual salaries shared by Reliance Nippon Life Insurance Business Development Manager

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Experience wise Reliance Nippon Life Insurance Business Development Manager salaries

Last Updated: 31 Jan 2025

Experience Avg Annual Salary
2 years  (6 salaries)

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₹1.8 L/yr - ₹4 L/yr
3 years  (4 salaries)

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₹1.8 L/yr - ₹4.5 L/yr
4 years  (3 salaries)

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₹2 L/yr - ₹4.5 L/yr
5 years  (8 salaries)

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₹2 L/yr - ₹5 L/yr
6 years  (8 salaries)

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₹3 L/yr - ₹5.1 L/yr
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Similar Designation salaries in Reliance Nippon Life Insurance

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₹4.35 L/yr - ₹4.57 L/yr
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₹2 L/yr - ₹2.5 L/yr
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₹2.3 L/yr - ₹2.9 L/yr
Business Manager Salary
(AmbitionBox Estimate)
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₹3 L/yr - ₹3.8 L/yr
Zonal Sales Manager Salary
(AmbitionBox Estimate)
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₹19.6 L/yr - ₹25.1 L/yr
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₹1.8 L/yr - ₹3.2 L/yr
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₹3.2 L/yr - ₹4 L/yr
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₹2.25 L/yr - ₹5 L/yr
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₹1.8 L/yr - ₹5 L/yr
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₹6.5 L/yr - ₹7.27 L/yr

Top skills at Reliance Nippon Life Insurance for Business Development Manager

Sales Life Insurance Recruitment Banking Marketing Team Handling Insurance Business Development Financial Services Team Leading Agency Sales

Salary related reviews for Reliance Nippon Life Insurance

2.3

Rated by 26 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 30 Aug 2017

2.0
 for  Salary and Benefits

Likes

Teammates and Immediate supervisor was excellent

  • Skill development - Good

Dislikes

You have to only work and there is no such compensation rather the higher management was horrible and worst, they only know how to fill there pockets not the base levels

read more
  • Salary - Poor
  • +3 more

Other Department

4.0
  •  posted on 18 Apr 2018

2.0
 for  Salary and Benefits

Likes

Iam working in Direct marketing channels (loyalty channel ) Iam proving in a one year got a 3 promotions and get the dubai trips etc.. Iam happy with working in Reliance.

read more
  • Skill development - Good
  • +2 more

Dislikes

When I joined in Reliance life the manager told me when your package high in year you get the 50%of ctc incentive after financial year. I was Aggressively working in a year got the 3 promotions S. R. M to B. R. M(2.20Lac to 4.00lac)packages. But my incentive is zero. That's why I disappointment and resigned my job

read more
  • Salary - Poor

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 02 Oct 2022

5.0
 for  Salary and Benefits

Likes

This a good platform to grow up.. Salary and incentives are pretty good...it was a great experience to work with this RNLIC organization

read more
  • Salary - Excellent
  • +5 more

Dislikes

The Branch Manager of Goalpara Branch is neither a good leader nor a good human being

Sales & Business Development Department

4.0
  •  posted on 23 Jun 2022

5.0
 for  Salary and Benefits

Likes

Good work culture and environment. Transparent management supportive team. Company policies are good, bonus every month.

read more
  • Salary - Excellent
  • +5 more

Dislikes

There is not formal Traning only online tranings and Salary is very low and and its IPM branch.

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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.

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  • Salary - Poor
  • +3 more
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Reliance Nippon Life Insurance Business Development Manager Salary FAQs

What is the salary of Business Development Manager at Reliance Nippon Life Insurance?
Business Development Manager salary at Reliance Nippon Life Insurance in India ranges between ₹1.8 Lakhs to ₹6.0 Lakhs for experience between 2 years to 14 years. According to our estimates it is 44% less than the average Business Development Manager Salary in India. Salary estimates are based on 58 latest salaries received from various employees of Reliance Nippon Life Insurance India.
How does the salary of a Business Development Manager at Reliance Nippon Life Insurance India compare with the average salary range for this job?
The average salary of a Business Development Manager at Reliance Nippon Life Insurance is 44% less than the average salary of a Business Development Manager in India. To know exact salary insights, login to view.
What are the top skills required to work as a Business Development Manager at Reliance Nippon Life Insurance?
Sales, Life Insurance, Recruitment, Banking and Marketing are some of the popular skills required to work as a Business Development Manager at Reliance Nippon Life Insurance India.
Which similar companies are paying more than Reliance Nippon Life Insurance to a Business Development Manager in India?
  • The Oriental Insurance Co. Business Development Manager Salary - ₹11.4 Lakhs to ₹24.6 Lakhs per year
  • Gallagher Business Development Manager Salary - ₹10.0 Lakhs to ₹10.8 Lakhs per year
  • Kotak Mahindara Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹10.3 Lakhs per year
  • Max Life Insurance Business Development Manager Salary - ₹2.2 Lakhs to ₹7.5 Lakhs per year
  • Bajaj Allianz General Insurance Business Development Manager Salary - ₹3.5 Lakhs to ₹7.0 Lakhs per year
What is the salary of a Business Development Manager in companies similar to Reliance Nippon Life Insurance in India?
  • SBI Life Insurance Company Business Development Manager Salary - ₹1.9 Lakhs to ₹7.0 Lakhs per year
  • Aditya Birla Health Insurance Co Business Development Manager Salary - ₹3.4 Lakhs to ₹6.0 Lakhs per year
  • HDFC Ergo General Insurance Business Development Manager Salary - ₹2.7 Lakhs to ₹5.4 Lakhs per year
  • Bajaj Allianz Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹6.0 Lakhs per year
  • Aditya Birla Sun Life Insurance Business Development Manager Salary - ₹3.0 Lakhs to ₹5.5 Lakhs per year
What is the estimated take home salary of a Business Development Manager at Reliance Nippon Life Insurance in India?
The estimated take-home salary of a Business Development Manager at Reliance Nippon Life Insurance ranges between ₹31,457 per month to ₹32,749 per month in India. The take-home salary calculation is based on the average Reliance Nippon Life Insurance Business Development Manager salary in India which ranges between ₹1.8 Lakhs to ₹6.0 Lakhs per year for employees with experience between 2 years to 14 years. Check how did we calculate take home salary?
What is the notice period for Business Development Manager at Reliance Nippon Life Insurance?
According to AmbitionBox, 48% of the Reliance Nippon Life Insurance Business Development Managers reported a notice period of 15 days or less, 39% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 23 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

Reliance Nippon Life Insurance Business Development Manager salary in India ranges between ₹1.8 Lakh to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 58 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.