Reliance Nippon Life Insurance Mumbai Cluster Manager Salaries by 4 Employees

15 - 16 years exp.

₹7.8 Lakhs - ₹15 Lakhs

Avg. annual salary

Monthly In-hand Salary

8% less than the average Cluster Manager Salary in Insurance Companies for 15 - 16 years of experience

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Salaries in different departments

Sales & Business Development Cluster Manager Salary 15 - 16 years exp. (3 salaries)	₹5.4 L/yr - ₹10.4 L/yr
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BFSI, Investments & Trading Cluster Manager Salary 15 years exp. (AmbitionBox Estimate)	₹7.8 L/yr - ₹14.2 L/yr

Last Updated: 30 Dec 2024

Companies similar to Reliance Nippon Life Insurance for Cluster Manager in Mumbai

Reliance Nippon Life Insurance Cluster Manager Salary

15 - 16 years exp. (4 salaries)

₹7.8 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
Aditya Birla Sun Life Insurance Cluster Manager Salary 4 - 13 years exp. (29 salaries)	₹6.8 L/yr - ₹14 L/yr 19% more
HDFC Life Cluster Manager Salary 5 - 16 years exp. (27 salaries)	₹6 L/yr - ₹12.5 L/yr 6% less	3 job openings
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Axis Max Life Insurance Cluster Manager Salary 6 - 15 years exp. (19 salaries)	₹7.5 L/yr - ₹13.9 L/yr 27% more	1 job opening
Aditya Birla Health Insurance Co Cluster Manager Salary 3 - 10 years exp. (12 salaries)	₹7 L/yr - ₹10.2 L/yr 12% less
Star Health & Allied Insurance Cluster Manager Salary 5 - 12 years exp. (9 salaries)	₹6.3 L/yr - ₹10 L/yr 9% less
Bajaj Allianz Life Insurance Cluster Manager Salary 5 - 14 years exp. (6 salaries)	₹5 L/yr - ₹14.3 L/yr 16% more	1 job opening
ICICI Prudential Life Insurance Cluster Manager Salary 11 - 15 years exp. (5 salaries)	₹6.5 L/yr - ₹13.5 L/yr 5% more
Kotak Mahindara Life Insurance Cluster Manager Salary 7 - 10 years exp. (3 salaries)	₹7.3 L/yr - ₹12.5 L/yr 4% more

Cluster Manager salary at Reliance Nippon Life Insurance ranges between ₹7.8 Lakhs to ₹15 Lakhs per year for employees with experience between 15 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 Manager salaries in Mumbai

Last Updated: 30 Dec 2024

Experience	Avg Annual Salary
15+ years (4 salaries)	₹7.8 L/yr - ₹15 L/yr
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Similar Designation salaries in Reliance Nippon Life Insurance

Deputy Manager Salary

(53 salaries)

₹3.7 L/yr - ₹14.37 L/yr

Sales Manager Salary

(20 salaries)

₹1.5 L/yr - ₹5 L/yr

Relationship Manager Salary

(7 salaries)

₹2 L/yr - ₹3.6 L/yr

Area Manager Salary

(6 salaries)

₹11 L/yr - ₹17 L/yr

Salary related reviews for Reliance Nippon Life Insurance

Sales Manager in Goalpara

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

Salary - Excellent

+5 more

Dislikes

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

Business Development Manager in Kolkata

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

Salary - Poor

+3 more

Branch Manager in Anantnag

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.

Salary - Excellent

+5 more

Dislikes

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

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

Branch Manager in Varanasi

BFSI, Investments & Trading Department

5.0

• posted on 27 May 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transport

Salary - Excellent

+6 more

Dislikes

There is a lot of policies and the management doesn't adress our issue. Salary is decent but career growth is slow.

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Reliance Nippon Life Insurance Cluster Manager Salary FAQs

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

The average salary of a Cluster Manager at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹7.8 Lakhs to ₹15.0 Lakhs per year, depending on experience (from 15 years to 16 years).

The top 10% of Cluster Manager in Mumbai at Reliance Nippon Life Insurance earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Cluster 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 4 Reliance Nippon Life Insurance employees in India.

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

The estimated take-home salary of a Cluster Manager at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹67,162 to ₹68,881 per month. This is based on the average salary range of ₹7.8 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from 15 years to 16 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 Cluster Manager in India?

Axis Max Life Insurance	₹7.5 Lakhs to ₹13.9 Lakhs per year
Aditya Birla Sun Life Insurance	₹6.8 Lakhs to ₹14.0 Lakhs per year
Bajaj Allianz Life Insurance	₹5.0 Lakhs to ₹14.3 Lakhs per year
ICICI Prudential Life Insurance	₹6.5 Lakhs to ₹13.5 Lakhs per year
Kotak Mahindara Life Insurance	₹7.3 Lakhs to ₹12.5 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 in companies similar to Reliance Nippon Life Insurance in Mumbai?

The salary of a Cluster Manager at companies similar to Reliance Nippon Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

HDFC Life	₹6.0 Lakhs to ₹12.5 Lakhs per year
Star Health & Allied Insurance	₹6.3 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Health Insurance Co	₹7.0 Lakhs to ₹10.2 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 at Reliance Nippon Life Insurance in Mumbai?

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

Experience	Average Salary Range
15 years	₹7.8 Lakhs to ₹15.0 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Cluster Manager Salaries in Mumbai

Reliance Nippon Life Insurance Cluster Manager salary in Mumbai ranges between ₹7.8 Lakhs to ₹15 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 Manager salaries in Mumbai

Companies similar to Reliance Nippon Life Insurance for Cluster Manager in Mumbai

Latest annual salaries shared by Reliance Nippon Life Insurance Cluster Manager in Mumbai

Experience wise Reliance Nippon Life Insurance Cluster Manager salaries in Mumbai

Similar Designation salaries in Reliance Nippon Life Insurance

Salary related reviews for Reliance Nippon Life Insurance

Sales Manager in Goalpara

Business Development Manager in Kolkata

Branch Manager in Anantnag

Team Lead in Mirza

Branch Manager in Varanasi

Reliance Nippon Life Insurance Cluster Manager Salary FAQs

Tell us how to improve this page.