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Reliance Nippon Life Insurance Insurance Manager salaries in India (Updated 2025)

Annual salary range
1 - 11 years exp.
₹1.8 Lakh - ₹5 Lakhs
Salary of majority employees
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14% less than the average Insurance Manager Salary in Insurance Companies for 1 - 11 years of experience

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Salaries in different departments

Sales & Business Development
Insurance Manager Salary
1 - 3 years exp. (4 salaries)
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₹3 L/yr - ₹3.6 L/yr

BFSI, Investments & Trading
Insurance Manager Salary
6 - 7 years exp. (AmbitionBox Estimate)
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₹3.2 L/yr - ₹4 L/yr

Customer Success, Service & Operations
Insurance Manager Salary
1 - 6 years exp. (AmbitionBox Estimate)
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₹2.4 L/yr - ₹3 L/yr

Finance & Accounting
Insurance Manager Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.2 L/yr

Last Updated: 6 Feb 2025

Companies similar to Reliance Nippon Life Insurance for Insurance Manager

Company name Avg Annual Salary Open Jobs
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PNB MetLife Insurance Manager Salary

0 - 8 years exp. (67 salaries)

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₹0.6 L/yr - ₹5.3 L/yr

arrow icon 5% more
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HDFC Life Insurance Manager Salary

1 - 6 years exp. (50 salaries)

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₹2.5 L/yr - ₹6 L/yr

arrow icon 9% more
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₹1.5 L/yr - ₹6 L/yr

arrow icon 5% more
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₹2.6 L/yr - ₹7.7 L/yr

arrow icon 32% more
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₹2.3 L/yr - ₹5 L/yr

arrow icon 15% more
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₹2.5 L/yr - ₹5.9 L/yr

arrow icon 13% more
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₹2.8 L/yr - ₹5 L/yr

arrow icon 1% less
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₹2.4 L/yr - ₹8 L/yr

arrow icon 23% more
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Shriram Life Insurance Insurance Manager Salary

2 - 15 years exp. (13 salaries)

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₹1 L/yr - ₹5 L/yr

arrow icon 2% less
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₹2.5 L/yr - ₹4.5 L/yr

arrow icon 11% more
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₹3 L/yr - ₹5.6 L/yr

arrow icon 10% more
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₹4 L/yr - ₹9.4 L/yr

arrow icon 74% more
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₹2.4 L/yr - ₹7.5 L/yr

arrow icon 35% more
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₹2.5 L/yr - ₹4.6 L/yr

arrow icon 21% more
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₹3.8 L/yr - ₹4.7 L/yr

arrow icon 23% more
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₹3.3 L/yr - ₹6 L/yr

arrow icon 37% more
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₹4.3 L/yr - ₹7.3 L/yr

arrow icon 31% more
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₹1.2 L/yr - ₹15 L/yr

arrow icon 90% more
Insurance Manager salary at Reliance Nippon Life Insurance ranges between ₹1.8 Lakh to ₹5 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 26 latest salaries received from various employees of Reliance Nippon Life Insurance.

Latest annual salaries shared by Reliance Nippon Life Insurance Insurance Manager

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Experience wise Reliance Nippon Life Insurance Insurance Manager salaries

Last Updated: 6 Feb 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹5.5 L/yr
2 years  (5 salaries)

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₹2.4 L/yr - ₹4.5 L/yr
3 years (AmbitionBox Estimate)

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₹1.8 L/yr - ₹3.6 L/yr
4 years  (3 salaries)

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₹1.8 L/yr - ₹4.5 L/yr
5 years (AmbitionBox Estimate)

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₹1.3 L/yr - ₹3.6 L/yr
View all

Similar Designation salaries in Reliance Nippon Life Insurance

Branch Manager Salary
(202 salaries)
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₹3.75 L/yr - ₹11.5 L/yr
Store Manager Salary
(AmbitionBox Estimate)
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₹3.8 L/yr - ₹4.8 L/yr
Area Manager Salary
(82 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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₹1.8 L/yr - ₹5 L/yr
Territory Manager Salary
(100 salaries)
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₹4 L/yr - ₹12 L/yr
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₹2.3 L/yr - ₹7 L/yr
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₹1.8 L/yr - ₹3 L/yr
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₹1.7 L/yr - ₹5 L/yr

Salary related reviews for Reliance Nippon Life Insurance

4.9

Rated by 6 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

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.

read more
  • Salary - Excellent
  • +5 more

Dislikes

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

read more

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.

read more
  • Salary - Poor
  • +3 more

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.

read more
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Reliance Nippon Life Insurance Insurance Manager Salary FAQs

What is the salary of Insurance Manager at Reliance Nippon Life Insurance ?
The average salary of a Insurance Manager at Reliance Nippon Life Insurance in India typically ranges from ₹1.8 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Insurance Manager at Reliance Nippon Life Insurance earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Insurance 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 20+ Reliance Nippon Life Insurance employees in India.
What is the estimated take home salary of a Insurance Manager at Reliance Nippon Life Insurance in India?
The estimated take-home salary of a Insurance Manager at Reliance Nippon Life Insurance in India typically ranges from ₹24,952 to ₹26,392 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 1 year 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 20+ 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 Insurance Manager in India?
The New India Assurance Co. ₹1.2 Lakhs to ₹15.0 Lakhs per year
HDFC Ergo General Insurance ₹4.0 Lakhs to ₹9.4 Lakhs per year
Life Insurance Corporation of India ₹3.3 Lakhs to ₹6.0 Lakhs per year
SBI General Insurance ₹2.4 Lakhs to ₹7.5 Lakhs per year
Tata AIA Life Insurance ₹2.6 Lakhs to ₹7.7 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 Insurance Manager in companies similar to Reliance Nippon Life Insurance in India?
The salary of a Insurance 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 ₹4.3 Lakhs to ₹7.3 Lakhs per year
ICICI Lombard General Insurance Company ₹2.4 Lakhs to ₹8.0 Lakhs per year
Aditya Birla Health Insurance Co ₹3.8 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz General Insurance ₹2.5 Lakhs to ₹4.6 Lakhs per year
Axis Max Life Insurance ₹2.3 Lakhs to ₹5.0 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 Insurance Manager at Reliance Nippon Life Insurance in India?
The salary growth for a Insurance Manager at Reliance Nippon Life Insurance depends on factors such as experience, performance, and promotions. On average, a Insurance Manager can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
1 year ₹2.5 Lakhs to ₹5.5 Lakhs per year
2 years ₹2.4 Lakhs to ₹4.5 Lakhs per year
3 years ₹1.8 Lakhs to ₹3.6 Lakhs per year
4 years ₹1.8 Lakhs to ₹4.5 Lakhs per year
and so on.

Tell us how to improve this page.

Reliance Nippon Life Insurance Insurance Manager salary in India ranges between ₹1.8 Lakh to ₹5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 26 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.