Reliance Nippon Life Insurance Mumbai Executive Salaries by 10+ Employees (Updated 2025)

1 - 6 years exp.

₹1.5 Lakh - ₹4.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

38% less than the average Executive Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Executive Salary 1 - 6 years exp. (5 salaries)	₹1.5 L/yr - ₹3.2 L/yr
BFSI, Investments & Trading Executive Salary 1 - 6 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹3 L/yr
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Human Resources Executive Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.6 L/yr
Finance & Accounting Executive Salary 4 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.8 L/yr

Last Updated: 13 Feb 2025

Companies similar to Reliance Nippon Life Insurance for Executive in Mumbai

Reliance Nippon Life Insurance Executive Salary

1 - 6 years exp. (14 salaries)

₹1.5 L/yr - ₹4.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Executive Salary 1 - 9 years exp. (66 salaries)	₹2.3 L/yr - ₹6.5 L/yr 57% more	1 job opening
SBI General Insurance Executive Salary 0 - 9 years exp. (61 salaries)	₹2 L/yr - ₹4.2 L/yr 14% more
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HDFC Ergo General Insurance Executive Salary 2 - 7 years exp. (35 salaries)	₹1.9 L/yr - ₹6.5 L/yr 34% more
ICICI Prudential Life Insurance Executive Salary 1 - 8 years exp. (29 salaries)	₹1.2 L/yr - ₹3.1 L/yr 16% less
Aditya Birla Health Insurance Co Executive Salary 1 - 7 years exp. (24 salaries)	₹2.2 L/yr - ₹3.5 L/yr 5% more
ICICI Lombard General Insurance Company Executive Salary 1 - 6 years exp. (18 salaries)	₹1.8 L/yr - ₹5.8 L/yr 11% more
Bajaj Allianz General Insurance Executive Salary 1 - 8 years exp. (16 salaries)	₹2.6 L/yr - ₹5.2 L/yr 36% more	4 job openings
HDFC Life Executive Salary 0 - 5 years exp. (15 salaries)	₹2.7 L/yr - ₹5 L/yr 48% more
Aditya Birla Sun Life Insurance Executive Salary 0 - 6 years exp. (14 salaries)	₹1.8 L/yr - ₹3.2 L/yr 9% less
Kotak Mahindara Life Insurance Executive Salary 1 - 5 years exp. (14 salaries)	₹1 L/yr - ₹4.4 L/yr 6% more
PNB MetLife Executive Salary 0 - 6 years exp. (13 salaries)	₹2 L/yr - ₹3.2 L/yr 8% less
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Star Health & Allied Insurance Executive Salary 1 - 7 years exp. (9 salaries)	₹2.2 L/yr - ₹4.6 L/yr 2% more
Bajaj Allianz Life Insurance Executive Salary 1 - 6 years exp. (7 salaries)	₹3.3 L/yr - ₹4.6 L/yr 29% more
SBI Life Insurance Company Executive Salary 2 - 11 years exp. (4 salaries)	₹3 L/yr - ₹3.8 L/yr 21% more

Executive salary at Reliance Nippon Life Insurance ranges between ₹1.5 Lakh to ₹4.2 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 14 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Executive salaries in Mumbai

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹2.3 L/yr - ₹3 L/yr
2 years (4 salaries)	₹1.5 L/yr - ₹4.2 L/yr
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3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr
6 years (3 salaries)	₹2 L/yr - ₹3.2 L/yr

View all

From

Executive

₹

Lakhs/yr

1 - 6 years exp.

Branch Service Manager

₹

Lakhs/yr

7 - 20 years exp.

Executive 1 - 6 years exp.

Assistant Branch Service Manager 12 - 16 years exp.

85% hike

Branch Service Manager 7 - 20 years exp.

28% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Reliance Nippon Life Insurance

Deputy Manager Salary

(53 salaries)

₹3.7 L/yr - ₹14.37 L/yr

Salary related reviews for Reliance Nippon Life Insurance

2.0

Rated by 1 employees for salary & benefits

Life Insurance Advisor in Indore

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 16 Mar 2025

2.0

for Salary and Benefits

Likes

I have a love-hate relationship with working here because I learn something new every day. Whether it’s the latest updates, training sessions, new products, or communication skills training, there’s always something valuable to gain. Plus, the amazing deals make it even better. As I’m so comfortable too cuz of good faculty and better understanding between colleagues and senior staff that helps me very well to manage home and office both

Skill development - Excellent

+4 more

Dislikes

...n. Promotion is extremely difficult to achieve, and there is a risk of demotion. Additionally, salary increases are minimal and progress very slowly, which can be discouraging for those looking to advance financially.

Salary - Poor

+1 more

Head Human Resources in Mumbai

Full Time

Human Resources Department

1.0

• posted on 07 Feb 2025

2.0

for Salary and Benefits

Likes

Nothing as such. Old people having good knowledge but the current management doe’s let them work.

Dislikes

They have a policy of deducting salary of Sales executives from the 2nd month on non achieving of targets from doj. Which is terrible. Salary not getting credited on time. Demotions happens if not working well for 1 month even. Worst place to work.

Salary - Poor

+6 more

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

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Salary Discussions, Hike & Promotions

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 Executive Salary FAQs

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

The average salary of a Executive at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹1.5 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Executive in Mumbai at Reliance Nippon Life Insurance earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Executive 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 10+ Reliance Nippon Life Insurance employees in India.

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

The estimated take-home salary of a Executive at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹20,247 to ₹21,907 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹4.2 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 10+ 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 Executive in India?

Tata AIA Life Insurance	₹2.3 Lakhs to ₹6.5 Lakhs per year
HDFC Life	₹2.7 Lakhs to ₹5.0 Lakhs per year
Bajaj Allianz General Insurance	₹2.6 Lakhs to ₹5.2 Lakhs per year
HDFC Ergo General Insurance	₹1.9 Lakhs to ₹6.5 Lakhs per year
Bajaj Allianz Life Insurance	₹3.3 Lakhs to ₹4.6 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 Executive in companies similar to Reliance Nippon Life Insurance in Mumbai?

The salary of a Executive 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:

SBI Life Insurance Company	₹3.0 Lakhs to ₹3.8 Lakhs per year
SBI General Insurance	₹2.0 Lakhs to ₹4.2 Lakhs per year
ICICI Lombard General Insurance Company	₹1.8 Lakhs to ₹5.8 Lakhs per year
Kotak Mahindara Life Insurance	₹1.0 Lakhs to ₹4.4 Lakhs per year
Aditya Birla Health Insurance Co	₹2.2 Lakhs to ₹3.5 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 Executive at Reliance Nippon Life Insurance in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹3.0 Lakhs per year
2 years	₹1.5 Lakhs to ₹4.2 Lakhs per year
3 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.3 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Executive Salaries in Mumbai

Reliance Nippon Life Insurance Executive salary in Mumbai ranges between ₹1.5 Lakh to ₹4.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.

Reliance Nippon Life Insurance Executive salaries in Mumbai (Updated 2025)

Companies similar to Reliance Nippon Life Insurance for Executive in Mumbai

Latest annual salaries shared by Reliance Nippon Life Insurance Executive in Mumbai

Experience wise Reliance Nippon Life Insurance Executive salaries in Mumbai

Similar Designation salaries in Reliance Nippon Life Insurance

Salary related reviews for Reliance Nippon Life Insurance

Life Insurance Advisor in Indore

Head Human Resources in Mumbai

Senior Territory Manager in Lucknow

Agency Development Manager in Kolkata

Assistant Branch Manager in Kolkata

Reliance Nippon Life Insurance Executive Salary FAQs

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