Reliance Nippon Life Insurance Insurance Officer Salaries by 5 Employees

0 - 12 years exp.

₹1 Lakh - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

25% less than the average Insurance Officer Salary in Insurance Companies for 0 - 12 years of experience

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Last Updated: 19 Nov 2023

Companies similar to Reliance Nippon Life Insurance for Insurance Officer

Company name	Avg Annual Salary	Open Jobs
PNB MetLife Insurance Officer Salary 0 - 5 years exp. (34 salaries)	₹1.5 L/yr - ₹4 L/yr 25% more	24 job openings
Bajaj Allianz Life Insurance Insurance Officer Salary 0 - 6 years exp. (7 salaries)	₹2 L/yr - ₹4 L/yr 30% more
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Axis Max Life Insurance Insurance Officer Salary 0 - 6 years exp. (6 salaries)	₹2.5 L/yr - ₹4.3 L/yr 59% more
Life Insurance Corporation of India Insurance Officer Salary 1 - 11 years exp. (6 salaries)	₹1.5 L/yr - ₹8.5 L/yr 200% more
United India Insurance Company Insurance Officer Salary 1 - 5 years exp. (6 salaries)	₹2 L/yr - ₹3.5 L/yr 24% more
Bajaj Allianz General Insurance Insurance Officer Salary 0 - 4 years exp. (5 salaries)	₹1.5 L/yr - ₹3 L/yr 6% more
ICICI Prudential Life Insurance Insurance Officer Salary 0 - 5 years exp. (4 salaries)	₹2.3 L/yr - ₹3.9 L/yr 38% more
Tata AIA Life Insurance Insurance Officer Salary 2 - 5 years exp. (4 salaries)	₹2.6 L/yr - ₹4 L/yr 37% more
Aditya Birla Sun Life Insurance Insurance Officer Salary 0 - 3 years exp. (4 salaries)	₹1.3 L/yr - ₹3.5 L/yr 17% more
Star Health & Allied Insurance Insurance Officer Salary 1 - 8 years exp. (4 salaries)	₹2 L/yr - ₹3.4 L/yr 25% more
MetLife Insurance Officer Salary 0 - 3 years exp. (3 salaries)	₹2.2 L/yr - ₹3.6 L/yr 37% more
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Shriram Life Insurance Insurance Officer Salary 1 - 6 years exp. (3 salaries)	₹1.5 L/yr - ₹2.8 L/yr 9% more
ICICI Lombard General Insurance Company Insurance Officer Salary 1 - 9 years exp. (3 salaries)	₹1.8 L/yr - ₹4.5 L/yr 34% more
The New India Assurance Co. Insurance Officer Salary 0 - 2 years exp. (3 salaries)	₹1.8 L/yr - ₹2 L/yr 8% less

Insurance Officer salary at Reliance Nippon Life Insurance ranges between ₹1 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Insurance Officer salaries

Last Updated: 19 Nov 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1 L/yr - ₹1 L/yr
1 year (AmbitionBox Estimate)	₹1 L/yr - ₹1.3 L/yr
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2 years (AmbitionBox Estimate)	₹0.5 L/yr - ₹1.6 L/yr
3 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.7 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.9 L/yr
5 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
6 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
7 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.6 L/yr
8 years (AmbitionBox Estimate)	₹1.6 L/yr - ₹4.4 L/yr
9 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr
10 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.2 L/yr
11 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
12 years (AmbitionBox Estimate)	₹1.3 L/yr - ₹3.5 L/yr

View all

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(AmbitionBox Estimate)

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Salary related reviews for Reliance Nippon Life Insurance

4.0

Rated by 2 employees for salary & benefits

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

Relationship Manager in New Delhi

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

Dislikes

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

Job security - Poor

+4 more

Sales Executive in Lucknow

Life Insurance Department

5.0

• posted on 23 Apr 2022

5.0

for Salary and Benefits

Likes

It is won

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joiners

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

see more salary related reviews

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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 Insurance Officer Salary FAQs

What is the salary of Insurance Officer at Reliance Nippon Life Insurance ?

The average salary of a Insurance Officer at Reliance Nippon Life Insurance in India typically ranges from ₹1.0 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 12 years).

The top 10% of Insurance Officer at Reliance Nippon Life Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Insurance Officer 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 Insurance Officer at Reliance Nippon Life Insurance in India?

The estimated take-home salary of a Insurance Officer at Reliance Nippon Life Insurance in India typically ranges from ₹14,359 to ₹15,871 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 12 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 Insurance Officer in India?

Life Insurance Corporation of India	₹1.5 Lakhs to ₹8.5 Lakhs per year
Axis Max Life Insurance	₹2.5 Lakhs to ₹4.3 Lakhs per year
ICICI Prudential Life Insurance	₹2.3 Lakhs to ₹3.9 Lakhs per year
Tata AIA Life Insurance	₹2.6 Lakhs to ₹4.0 Lakhs per year
MetLife	₹2.2 Lakhs to ₹3.6 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 Insurance Officer in companies similar to Reliance Nippon Life Insurance in India?

The salary of a Insurance Officer 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:

ICICI Lombard General Insurance Company	₹1.8 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.0 Lakhs to ₹4.0 Lakhs per year
Star Health & Allied Insurance	₹2.0 Lakhs to ₹3.4 Lakhs per year
PNB MetLife	₹1.5 Lakhs to ₹4.0 Lakhs per year
United India Insurance Company	₹2.0 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 Insurance Officer at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹1.0 Lakhs to ₹1.0 Lakhs per year
1 year	₹1.0 Lakhs to ₹1.3 Lakhs per year
2 years	₹0.5 Lakhs to ₹1.6 Lakhs per year
3 years	₹1.4 Lakhs to ₹1.7 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Insurance Officer Salaries

Reliance Nippon Life Insurance Insurance Officer salary in India ranges between ₹1 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.