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Reliance Nippon Life Insurance Business Development Manager salaries in India (Updated 2025)

Annual salary range
1 - 13 years exp.
₹1.5 Lakh - ₹6 Lakhs
Salary of majority employees
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45% less than the average Business Development Manager Salary in Insurance Companies for 1 - 13 years of experience

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Salaries in different departments

Sales & Business Development
Business Development Manager Salary
3 - 13 years exp. (17 salaries)
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₹1.8 L/yr - ₹6 L/yr

BFSI, Investments & Trading
Business Development Manager Salary
1 - 12 years exp. (16 salaries)
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₹1.5 L/yr - ₹5.7 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 - ₹4 L/yr

Last Updated: 14 Mar 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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₹1.8 L/yr - ₹5 L/yr

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12 job openings
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₹1.9 L/yr - ₹7 L/yr

arrow icon 17% more
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₹1.6 L/yr - ₹5.3 L/yr

arrow icon 10% less
6 job openings
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₹3.2 L/yr - ₹6 L/yr

arrow icon 7% more
2 job openings
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₹2 L/yr - ₹7.3 L/yr

arrow icon 26% more
7 job openings
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₹3 L/yr - ₹5.5 L/yr

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₹2.3 L/yr - ₹5 L/yr

arrow icon 10% less
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₹2 L/yr - ₹10.3 L/yr

arrow icon 34% more
1 job opening
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₹1.5 L/yr - ₹6 L/yr

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₹3.5 L/yr - ₹7 L/yr

arrow icon 21% more
9 job openings
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₹3.4 L/yr - ₹6 L/yr

arrow icon 10% more
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₹1.1 L/yr - ₹8.2 L/yr

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₹2 L/yr - ₹7 L/yr

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₹2.7 L/yr - ₹5.4 L/yr

At par
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₹1.8 L/yr - ₹7 L/yr

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₹2 L/yr - ₹5.8 L/yr

arrow icon 7% less
1 job opening
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₹11.4 L/yr - ₹24.6 L/yr

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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 147% more
Business Development Manager salary at Reliance Nippon Life Insurance ranges between ₹1.5 Lakh to ₹6 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 53 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: 14 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹1.5 L/yr - ₹5.8 L/yr
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 (AmbitionBox Estimate)

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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
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Similar Designation salaries in Reliance Nippon Life Insurance

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₹4.35 L/yr - ₹8.17 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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₹21.4 L/yr - ₹27.4 L/yr
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₹1.8 L/yr - ₹3 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

3.0

Rated by 27 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.

read more

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 ?
The average salary of a Business Development Manager at Reliance Nippon Life Insurance in India typically ranges from ₹1.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Business Development Manager at Reliance Nippon Life Insurance earn more than ₹5.6 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Business Development Manager 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 50+ Reliance Nippon Life Insurance employees in India.
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 in India typically ranges from ₹30,839 to ₹32,140 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹6.0 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 50+ salaries received from various employees of Reliance Nippon Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Business Development Manager at Reliance Nippon Life Insurance ?
To be a Business Development Manager at Reliance Nippon Life Insurance in india, the key skills required include:

  • - Sales
  • - Life Insurance
  • - Recruitment
  • - Banking
  • - Marketing

These skills are highly valued at Reliance Nippon Life Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Reliance Nippon Life Insurance for Business Development Manager in India?
The Oriental Insurance Co. ₹11.4 Lakhs to ₹24.6 Lakhs per year
Gallagher ₹10.0 Lakhs to ₹10.8 Lakhs per year
Kotak Mahindara Life Insurance ₹2.0 Lakhs to ₹10.3 Lakhs per year
Axis Max Life Insurance ₹2.0 Lakhs to ₹7.3 Lakhs per year
Bajaj Allianz General Insurance ₹3.5 Lakhs to ₹7.0 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 Business Development Manager in companies similar to Reliance Nippon Life Insurance in India?
The salary of a Business Development Manager 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:

SBI Life Insurance Company ₹1.9 Lakhs to ₹7.0 Lakhs per year
Aditya Birla Health Insurance Co ₹3.4 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz Life Insurance ₹3.2 Lakhs to ₹6.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹3.0 Lakhs to ₹5.5 Lakhs per year
HDFC Ergo General Insurance ₹2.7 Lakhs to ₹5.4 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 Business Development Manager at Reliance Nippon Life Insurance in India?
The salary growth for a Business Development Manager at Reliance Nippon Life Insurance depends on factors such as experience, performance, and promotions. On average, a Business Development Manager can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
1 year ₹1.5 Lakhs to ₹5.8 Lakhs per year
2 years ₹1.8 Lakhs to ₹4.0 Lakhs per year
3 years ₹1.8 Lakhs to ₹4.5 Lakhs per year
4 years ₹2.0 Lakhs to ₹4.5 Lakhs per year
and so on.

Tell us how to improve this page.

Reliance Nippon Life Insurance Business Development Manager salary in India ranges between ₹1.5 Lakh to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 53 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.