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Reliance Nippon Life Insurance Cluster Manager Banca salaries in India

Annual salary range
9 - 11 years exp.
₹4.4 Lakhs - ₹6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Avg. annual salary
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Monthly In-hand Salary

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27% less than the average Cluster Manager Banca Salary in Insurance Companies for 9 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Cluster Manager Banca Salary
9 - 11 years exp. (3 salaries)
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₹4.4 L/yr - ₹6 L/yr

Sales & Business Development
Cluster Manager Banca Salary
11 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.5 L/yr

Last Updated: 6 Nov 2024

Companies similar to Reliance Nippon Life Insurance for Cluster Manager Banca

Company name Avg Annual Salary Open Jobs
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HDFC Life Cluster Manager Banca Salary

7 - 16 years exp. (46 salaries)

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₹7 L/yr - ₹11.5 L/yr

arrow icon 77% more
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₹6 L/yr - ₹12.6 L/yr

arrow icon 58% more
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₹5 L/yr - ₹9.8 L/yr

arrow icon 28% more
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₹9 L/yr - ₹12.3 L/yr

arrow icon 107% more
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₹5.1 L/yr - ₹9 L/yr

arrow icon 37% more
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₹6 L/yr - ₹10 L/yr

arrow icon 51% more
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₹5.5 L/yr - ₹13 L/yr

arrow icon 72% more
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₹7 L/yr - ₹10 L/yr

arrow icon 69% more
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₹4.6 L/yr - ₹4.9 L/yr

arrow icon 8% less
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₹6.5 L/yr - ₹18 L/yr

arrow icon 98% more
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₹7.5 L/yr - ₹10 L/yr

arrow icon 69% more
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₹8 L/yr - ₹12 L/yr

arrow icon 95% more
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PNB MetLife Cluster Manager Banca Salary

6 - 8 years exp. (3 salaries)

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₹4 L/yr - ₹5.8 L/yr

arrow icon 1% more
Cluster Manager Banca salary at Reliance Nippon Life Insurance ranges between ₹4.4 Lakhs to ₹6 Lakhs per year for employees with experience between 9 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Reliance Nippon Life Insurance.

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

4mo ago
₹5 Lakhs
11 years exp.
1y ago
₹6 Lakhs
11 years exp.
1y ago
₹6 Lakhs
10 years exp.
1y ago
₹4.4 Lakhs
9 years exp.

Experience wise Reliance Nippon Life Insurance Cluster Manager Banca salaries

Last Updated: 6 Nov 2024

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

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₹4.4 L/yr - ₹8.5 L/yr
10 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6 L/yr
11 years (AmbitionBox Estimate)

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₹5 L/yr - ₹6 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Cluster Manager Salary
(40 salaries)
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₹5 L/yr - ₹16.03 L/yr
Area Manager Salary
(86 salaries)
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₹9 L/yr - ₹21.4 L/yr
Deputy Manager Salary
(64 salaries)
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₹3.7 L/yr - ₹12.42 L/yr
Sales Manager Salary
(243 salaries)
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₹1.5 L/yr - ₹5 L/yr
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₹1.7 L/yr - ₹6 L/yr
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₹1.79 L/yr - ₹3 L/yr
Bancassurance Manager Salary
(AmbitionBox Estimate)
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₹5 L/yr - ₹6.3 L/yr
Associate Sales Manager Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
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₹2 L/yr - ₹3.5 L/yr
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₹1.8 L/yr - ₹2.89 L/yr

Salary related reviews for Reliance Nippon Life Insurance

2.0

Rated by 3 employees for salary & benefits

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

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

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

read more

Dislikes

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

read more
  • Job security - Poor
  • +4 more

Banca channel Department

5.0
  •  posted on 04 May 2019

4.0
 for  Salary and Benefits

Likes

The staff was very good, specially the CLM (Umesh Jadhav). The CLM was vert supporting and was always available for me. The training was also effective as I learned new things and also came to know about the market. Policies was also good and the returns were also high to the customer. I just want to say the overall experience was superb.

read more
  • Salary - Good
  • +6 more

Dislikes

There were salary issues. Still some of my PAID LEAVES are not paid in my last salary.

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Sales & Business Development Department

4.0
  •  posted on 18 Oct 2018

4.0
 for  Salary and Benefits

Likes

Reliance Nippon life insurance is one of the Prestigious Company In India with huge employees & advisor network, thousands of Branches all over the Nation. Well, one of I like about this company is their learning & skill development tools/aaps.

read more
  • Salary - Good
  • +6 more

Dislikes

...tion level, HR level also not active so its create strong connectivity problem . Salary structure is very poor, payslip & offerletter's CTC are different. Branch Manager's expectations some times very challenging & hard for Sales team. Company's android Applications (apps) many of times not working properly, so it's hard to make productive. Depends on aforesaid circumstances these are my own & personal opinion/ believe.

read more
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Reliance Nippon Life Insurance Cluster Manager Banca Salary FAQs

What is the salary of Cluster Manager Banca at Reliance Nippon Life Insurance ?
The average salary of a Cluster Manager Banca at Reliance Nippon Life Insurance in India typically ranges from ₹4.4 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 9 years to 11 years).

The top 10% of Cluster Manager Banca at Reliance Nippon Life Insurance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Cluster Manager Banca 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 5 Reliance Nippon Life Insurance employees in India.
What is the estimated take home salary of a Cluster Manager Banca at Reliance Nippon Life Insurance in India?
The estimated take-home salary of a Cluster Manager Banca at Reliance Nippon Life Insurance in India typically ranges from ₹38,900 to ₹40,082 per month. This is based on the average salary range of ₹4.4 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 9 years to 11 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 5 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 Cluster Manager Banca in India?
Axis Max Life Insurance ₹9.0 Lakhs to ₹12.3 Lakhs per year
ICICI Prudential Life Insurance ₹6.5 Lakhs to ₹18.0 Lakhs per year
ICICI Lombard General Insurance Company ₹8.0 Lakhs to ₹12.0 Lakhs per year
HDFC Life ₹7.0 Lakhs to ₹11.5 Lakhs per year
Kotak Mahindara Life Insurance ₹5.5 Lakhs to ₹13.0 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 Cluster Manager Banca in companies similar to Reliance Nippon Life Insurance in India?
The salary of a Cluster Manager Banca 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 General Insurance ₹7.5 Lakhs to ₹10.0 Lakhs per year
Tata AIA Life Insurance ₹7.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹6.0 Lakhs to ₹12.6 Lakhs per year
Bajaj Allianz Life Insurance ₹6.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Health Insurance Co ₹5.1 Lakhs to ₹9.0 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 Cluster Manager Banca at Reliance Nippon Life Insurance in India?
The salary growth for a Cluster Manager Banca at Reliance Nippon Life Insurance depends on factors such as experience, performance, and promotions. On average, a Cluster Manager Banca can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
9 years ₹4.4 Lakhs to ₹8.5 Lakhs per year
10 years ₹5.0 Lakhs to ₹6.0 Lakhs per year
11 years ₹5.0 Lakhs to ₹6.0 Lakhs per year
and so on.

Tell us how to improve this page.

Reliance Nippon Life Insurance Cluster Manager Banca salary in India ranges between ₹4.4 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.