Reliance Nippon Life Insurance Cluster Business Manager Salaries by 4 Employees (Updated 2025)

8 - 16 years exp.

₹6.1 Lakhs - ₹7 Lakhs

Low Confidence

Salary of majority employees

41% less than the average Cluster Business Manager Salary in Insurance Companies for 8 - 16 years of experience

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Salaries in different departments

BFSI, Investments & Trading Cluster Business Manager Salary 15 - 16 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.7 L/yr
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Sales & Business Development Cluster Business Manager Salary 8 - 10 years exp. (AmbitionBox Estimate)	₹6.3 L/yr - ₹7.7 L/yr

Last Updated: 17 May 2024

Companies similar to Reliance Nippon Life Insurance for Cluster Business Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Life Cluster Business Manager Salary 5 - 14 years exp. (4 salaries)	₹7.5 L/yr - ₹10.5 L/yr 41% more
ICICI Lombard General Insurance Company Cluster Business Manager Salary 15 - 20 years exp. (4 salaries)	₹16.7 L/yr - ₹19 L/yr 168% more
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Canara HSBC Life Insurance Cluster Business Manager Salary 6 - 20 years exp. (224 salaries)	₹4.8 L/yr - ₹13 L/yr 29% more
Rivigo Cluster Business Manager Salary 5 - 15 years exp. (128 salaries)	₹6.2 L/yr - ₹21 L/yr 84% more
AU Small Finance Bank Cluster Business Manager Salary 10 - 21 years exp. (91 salaries)	₹6.9 L/yr - ₹27.2 L/yr 142% more

Cluster Business Manager salary at Reliance Nippon Life Insurance ranges between ₹6.1 Lakhs to ₹7 Lakhs per year for employees with experience between 8 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Cluster Business Manager salaries

Last Updated: 17 May 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹7 L/yr - ₹7 L/yr
9 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
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10 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7 L/yr
11 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.7 L/yr
12 years (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.6 L/yr
13 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
14 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹7.2 L/yr
15+ years (AmbitionBox Estimate)	₹6.1 L/yr - ₹11 L/yr

View all

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Salary related reviews for Reliance Nippon Life Insurance

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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I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Reliance Nippon Life Insurance Cluster Business Manager Salary FAQs

What is the salary of Cluster Business Manager at Reliance Nippon Life Insurance?

Cluster Business Manager salary at Reliance Nippon Life Insurance in India ranges between ₹6.1 Lakhs to ₹7.0 Lakhs for experience between 8 years to 16 years. According to our estimates it is 41% less than the average Cluster Business Manager Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance India.

How does the salary of a Cluster Business Manager at Reliance Nippon Life Insurance India compare with the average salary range for this job?

The average salary of a Cluster Business Manager at Reliance Nippon Life Insurance is 41% less than the average salary of a Cluster Business Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Reliance Nippon Life Insurance to a Cluster Business Manager in India?

ICICI Lombard General Insurance Company Cluster Business Manager Salary - ₹16.7 Lakhs to ₹19.0 Lakhs per year
AU Small Finance Bank Cluster Business Manager Salary - ₹6.9 Lakhs to ₹27.2 Lakhs per year
Rivigo Cluster Business Manager Salary - ₹6.2 Lakhs to ₹21.0 Lakhs per year
HDFC Life Cluster Business Manager Salary - ₹7.5 Lakhs to ₹10.5 Lakhs per year
Canara HSBC Life Insurance Cluster Business Manager Salary - ₹4.8 Lakhs to ₹13.0 Lakhs per year

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

The estimated take-home salary of a Cluster Business Manager at Reliance Nippon Life Insurance ranges between ₹50,140 per month to ₹51,324 per month in India. The take-home salary calculation is based on the average Reliance Nippon Life Insurance Cluster Business Manager salary in India which ranges between ₹6.1 Lakhs to ₹7.0 Lakhs per year for employees with experience between 8 years to 16 years. Check how did we calculate take home salary?

What is the notice period for Cluster Business Manager at Reliance Nippon Life Insurance?

According to AmbitionBox, 50% of the Reliance Nippon Life Insurance Cluster Business Managers reported a notice period of 1 Month, 50% reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Reliance Nippon Life Insurance Cluster Business Manager Salaries

Reliance Nippon Life Insurance Cluster Business Manager salary in India ranges between ₹6.1 Lakhs to ₹7 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.

Reliance Nippon Life Insurance Cluster Business Manager salaries in India

Companies similar to Reliance Nippon Life Insurance for Cluster Business Manager

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

Experience wise Reliance Nippon Life Insurance Cluster Business Manager salaries

Similar Designation salaries in Reliance Nippon Life Insurance

Salary related reviews for Reliance Nippon Life Insurance

Senior Territory Manager in Lucknow

Agency Development Manager in Kolkata

Assistant Branch Manager in Kolkata

Key Relationship Manager in Jammu

Assistant Branch Manager in New Delhi

Reliance Nippon Life Insurance Cluster Business Manager Salary FAQs

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