Reliance Nippon Life Insurance Life Insurance Agent Salaries by 8 Employees (Updated 2024)

0 - 1 year exp.

₹1 Lakh - ₹5 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Life Insurance Agent Salary in Insurance Companies for 0 - 1 year of experience

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Last Updated: 9 Apr 2023

Companies similar to Reliance Nippon Life Insurance for Life Insurance Agent

Company name	Avg Annual Salary	Open Jobs
HDFC Life Life Insurance Agent Salary 0 - 5 years exp. (7 salaries)	₹2 L/yr - ₹3.9 L/yr 24% more
SBI Life Insurance Company Life Insurance Agent Salary 0 - 2 years exp. (4 salaries)	₹2 L/yr - ₹3 L/yr 12% more
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Max Life Insurance Life Insurance Agent Salary 2 - 4 years exp. (5 salaries)	₹2 L/yr - ₹4.5 L/yr 15% more
Bajaj Allianz Life Insurance Life Insurance Agent Salary 1 - 9 years exp. (5 salaries)	₹2.5 L/yr - ₹3.5 L/yr 18% more
Kotak Mahindara Life Insurance Life Insurance Agent Salary 0 - 3 years exp. (6 salaries)	₹1 L/yr - ₹4 L/yr 22% more
Tata AIA Life Insurance Life Insurance Agent Salary 3 - 5 years exp. (3 salaries)	₹4 L/yr - ₹5.3 L/yr 99% more
Life Insurance Corporation of India Life Insurance Agent Salary 1 - 15 years exp. (31 salaries)	₹1 L/yr - ₹7.5 L/yr 41% more	1 job opening
PNB MetLife Life Insurance Agent Salary 0 - 2 years exp. (5 salaries)	₹0.6 L/yr - ₹4 L/yr 6% less
Aditya Birla Sun Life Insurance Life Insurance Agent Salary 1 - 5 years exp. (4 salaries)	₹3 L/yr - ₹3.8 L/yr 61% more
Shriram Life Insurance Life Insurance Agent Salary 0 - 4 years exp. (4 salaries)	₹1.5 L/yr - ₹4.2 L/yr 18% more

Life Insurance Agent salary at Reliance Nippon Life Insurance ranges between ₹1 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 8 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Life Insurance Agent salaries

Last Updated: 9 Apr 2023

Experience	Avg Annual Salary
Fresher (3 salaries)	₹1 L/yr - ₹5 L/yr
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1 year (5 salaries)	₹1 L/yr - ₹2.7 L/yr

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Salary related reviews for Reliance Nippon Life Insurance

4.0

Rated by 1 employees for salary & benefits

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

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

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

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

Sales Executive in Lucknow

Life Insurance Department

5.0

• posted on 23 Apr 2022

5.0

for Salary and Benefits

Likes

It is won

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

Sales Manager in Kolkata

Sales & Business Development Department

4.0

• posted on 18 Oct 2018

4.0

for Salary and Benefits

Likes

Reliance Nippon life insurance is one of the Prestigious Company In India with huge employees & advisor network, thousands of Branches all over the Nation. Well, one of I like about this company is their learning & skill development tools/aaps.

Dislikes

...tion level, HR level also not active so its create strong connectivity problem . Salary structure is very poor, payslip & offerletter's CTC are different. Branch Manager's expectations some times very challenging & hard for Sales team. Company's android Applications (apps) many of times not working properly, so it's hard to make productive. Depends on aforesaid circumstances these are my own & personal opinion/ believe.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Reliance Nippon Life Insurance Life Insurance Agent Salary FAQs

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

Life Insurance Agent salary at Reliance Nippon Life Insurance in India ranges between ₹1.0 Lakhs to ₹5.0 Lakhs for less than 1 year of experience. According to our estimates it is 24% less than the average Life Insurance Agent Salary in India. Salary estimates are based on 8 latest salaries received from various employees of Reliance Nippon Life Insurance India.

How does the salary of a Life Insurance Agent at Reliance Nippon Life Insurance India compare with the average salary range for this job?

The average salary of a Life Insurance Agent at Reliance Nippon Life Insurance is 24% less than the average salary of a Life Insurance Agent in India. To know exact salary insights, login to view.

Which similar companies are paying more than Reliance Nippon Life Insurance to a Life Insurance Agent in India?

Tata AIA Life Insurance Life Insurance Agent Salary - ₹4.0 Lakhs to ₹5.3 Lakhs per year
Aditya Birla Sun Life Insurance Life Insurance Agent Salary - ₹3.0 Lakhs to ₹3.8 Lakhs per year
Life Insurance Corporation of India Life Insurance Agent Salary - ₹1.0 Lakhs to ₹7.5 Lakhs per year
HDFC Life Life Insurance Agent Salary - ₹2.0 Lakhs to ₹3.9 Lakhs per year
Kotak Mahindara Life Insurance Life Insurance Agent Salary - ₹1.0 Lakhs to ₹4.0 Lakhs per year

What is the salary of a Life Insurance Agent in companies similar to Reliance Nippon Life Insurance in India?

Bajaj Allianz Life Insurance Life Insurance Agent Salary - ₹2.5 Lakhs to ₹3.5 Lakhs per year
Shriram Life Insurance Life Insurance Agent Salary - ₹1.5 Lakhs to ₹4.2 Lakhs per year
Max Life Insurance Life Insurance Agent Salary - ₹2.0 Lakhs to ₹4.5 Lakhs per year
SBI Life Insurance Company Life Insurance Agent Salary - ₹2.0 Lakhs to ₹3.0 Lakhs per year
PNB MetLife Life Insurance Agent Salary - ₹0.6 Lakhs to ₹4.0 Lakhs per year

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

The estimated take-home salary of a Life Insurance Agent at Reliance Nippon Life Insurance ranges between ₹14,676 per month to ₹16,215 per month in India. The take-home salary calculation is based on the average Reliance Nippon Life Insurance Life Insurance Agent salary in India which ranges between ₹1.0 Lakhs to ₹5.0 Lakhs per year for employees with less than 1 year of experience. Check how did we calculate take home salary?

What is the notice period for Life Insurance Agent at Reliance Nippon Life Insurance?

According to AmbitionBox, 50% of the Reliance Nippon Life Insurance Life Insurance Agents reported a notice period of 15 days or less, 50% reported a notice period of 1 Month.This is based on 4 responses on AmbitionBox in last 2 years.

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Reliance Nippon Life Insurance Life Insurance Agent Salaries

Reliance Nippon Life Insurance Life Insurance Agent salary in India ranges between ₹1 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.