Reliance Nippon Life Insurance Development Manager Salaries by 9 Employees

1 - 6 years exp.

₹1.9 Lakh - ₹4.1 Lakhs

Low Confidence

Salary of majority employees

79% less than the average Development Manager Salary in Insurance Companies for 1 - 6 years of experience

Interested in this particular role? 2 job openings

Salaries in different departments

BFSI, Investments & Trading Development Manager Salary 1 - 6 years exp. (3 salaries)	₹1.9 L/yr - ₹3 L/yr
Finance & Accounting Development Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹4.1 L/yr
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Sales & Business Development Development Manager Salary 1 year exp. (AmbitionBox Estimate)	₹2.9 L/yr - ₹3 L/yr

Last Updated: 27 Sep 2024

Companies similar to Reliance Nippon Life Insurance for Development Manager

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Development Manager Salary 0 - 12 years exp. (346 salaries)	₹1.8 L/yr - ₹4.8 L/yr 17% more	2 job openings
ICICI Prudential Life Insurance Development Manager Salary 1 - 10 years exp. (132 salaries)	₹2.2 L/yr - ₹5 L/yr 39% more
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ICICI Lombard General Insurance Company Development Manager Salary 0 - 6 years exp. (65 salaries)	₹2.8 L/yr - ₹4.3 L/yr 17% more
Kotak Mahindara Life Insurance Development Manager Salary 0 - 9 years exp. (55 salaries)	₹3.2 L/yr - ₹4.7 L/yr 44% more
Axis Max Life Insurance Development Manager Salary 0 - 12 years exp. (42 salaries)	₹2.7 L/yr - ₹5.1 L/yr 34% more
HDFC Life Development Manager Salary 0 - 6 years exp. (20 salaries)	₹2.6 L/yr - ₹4.3 L/yr 26% more
HDFC Ergo General Insurance Development Manager Salary 4 - 12 years exp. (12 salaries)	₹5 L/yr - ₹6.7 L/yr 103% more
Tata AIA Life Insurance Development Manager Salary 6 - 30 years exp. (4 salaries)	₹4.5 L/yr - ₹17 L/yr 230% more
Shriram Life Insurance Development Manager Salary 14 - 21 years exp. (4 salaries)	₹3.7 L/yr - ₹4 L/yr 31% more
SBI General Insurance Development Manager Salary 1 - 7 years exp. (4 salaries)	₹1 L/yr - ₹4.5 L/yr 9% more
Life Insurance Corporation of India Development Manager Salary 1 - 12 years exp. (4 salaries)	₹2.4 L/yr - ₹8 L/yr 92% more
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Star Health & Allied Insurance Development Manager Salary 0 - 4 years exp. (4 salaries)	₹1.8 L/yr - ₹7 L/yr 41% more
Bajaj Allianz Life Insurance Development Manager Salary 0 - 7 years exp. (3 salaries)	₹3.5 L/yr - ₹4.5 L/yr 43% more

Development Manager salary at Reliance Nippon Life Insurance ranges between ₹1.9 Lakh to ₹4.1 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 9 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Development Manager salaries

Last Updated: 27 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3 L/yr
2 years (3 salaries)	₹1.9 L/yr - ₹5.1 L/yr
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3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr
6 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr

View all

Similar Designation salaries in Reliance Nippon Life Insurance

Project Manager Salary

(5 salaries)

₹8 L/yr - ₹18.5 L/yr

Product Manager Salary

(7 salaries)

₹6 L/yr - ₹15 L/yr

Program Manager Salary

(3 salaries)

₹8.08 L/yr - ₹18.2 L/yr

Senior Project Manager Salary

(AmbitionBox Estimate)

₹39.6 L/yr - ₹50.6 L/yr

Scrum Master Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Technical Project Manager Salary

(AmbitionBox Estimate)

₹13.4 L/yr - ₹17.1 L/yr

Senior Technical Manager Salary

(AmbitionBox Estimate)

₹13.1 L/yr - ₹16.7 L/yr

Software Engineer Salary

(7 salaries)

₹1 L/yr - ₹3.22 L/yr

Technical Lead Salary

(AmbitionBox Estimate)

₹6.6 L/yr - ₹8.4 L/yr

Senior Consultant Salary

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₹3 L/yr - ₹21 L/yr

Salary related reviews for Reliance Nippon Life Insurance

3.7

Rated by 6 employees for salary & benefits

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

Executive Territory Manager in Almora

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 02 Mar 2024

2.0

for Salary and Benefits

Likes

...s that he will not get 100% contest. 3-4 will be missed because of ifs and buts. Salary deduction and demotions for sales force. It demotivating for many managers as well as branch head. HR support is very very pathatic, high deduction in f&f if you serve less notice period. Company always wants that vintage employee should left the company because they are highly paid

Dislikes

Many dislikes which I mention in like section

Salary - Poor

+5 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Reliance Nippon Life Insurance Development Manager Salary FAQs

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

The average salary of a Development Manager at Reliance Nippon Life Insurance in India typically ranges from ₹1.9 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Development Manager at Reliance Nippon Life Insurance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. 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 9 Reliance Nippon Life Insurance employees in India.

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

The estimated take-home salary of a Development Manager at Reliance Nippon Life Insurance in India typically ranges from ₹19,974 to ₹21,638 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 1 year to 6 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 9 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 Development Manager in India?

Tata AIA Life Insurance	₹4.5 Lakhs to ₹17.0 Lakhs per year
HDFC Ergo General Insurance	₹5.0 Lakhs to ₹6.7 Lakhs per year
Life Insurance Corporation of India	₹2.4 Lakhs to ₹8.0 Lakhs per year
Kotak Mahindara Life Insurance	₹3.2 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance	₹3.5 Lakhs to ₹4.5 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 Development Manager in companies similar to Reliance Nippon Life Insurance in India?

The salary of a 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:

Star Health & Allied Insurance	₹1.8 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.2 Lakhs to ₹5.0 Lakhs per year
Axis Max Life Insurance	₹2.7 Lakhs to ₹5.1 Lakhs per year
Shriram Life Insurance	₹3.7 Lakhs to ₹4.0 Lakhs per year
HDFC Life	₹2.6 Lakhs to ₹4.3 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 Development Manager at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹2.8 Lakhs to ₹3.0 Lakhs per year
2 years	₹1.9 Lakhs to ₹5.1 Lakhs per year
3 years	₹2.4 Lakhs to ₹4.1 Lakhs per year
4 years	₹1.1 Lakhs to ₹4.1 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Development Manager Salaries

Reliance Nippon Life Insurance Development Manager salary in India ranges between ₹1.9 Lakh to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.

Reliance Nippon Life Insurance Development Manager salaries in India

Companies similar to Reliance Nippon Life Insurance for Development Manager

Latest annual salaries shared by Reliance Nippon Life Insurance Development Manager

Experience wise Reliance Nippon Life Insurance Development 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

Executive Territory Manager in Almora

Reliance Nippon Life Insurance Development Manager Salary FAQs

Tell us how to improve this page.