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Reliance Nippon Life Insurance Salaries in Madurai (Updated 2025)

based on 21 latest salaries
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Designation Avg Annual Salary Open Jobs
0 - 2 years exp. · Madurai (4 salaries)
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₹2.1 L/yr - ₹2.4 L/yr

10 - 11 years exp. · Madurai (AmbitionBox Estimate)
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₹5.2 L/yr - ₹7.3 L/yr

10 years exp. · Madurai (AmbitionBox Estimate)
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₹11 L/yr - ₹11.4 L/yr

17 - 20 years exp. · Madurai (AmbitionBox Estimate)
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₹9.1 L/yr - ₹13 L/yr

Starting your career? Discover Reliance Nippon Life Insurance fresher salaries in India
2 - 4 years exp. · Madurai (AmbitionBox Estimate)
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₹2.5 L/yr - ₹3.1 L/yr

Fresher · Madurai (AmbitionBox Estimate)
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₹1.1 L/yr - ₹1.4 L/yr

11 years exp. · Madurai (AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr

3 years exp. · Madurai (AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr

Fresher · Madurai (AmbitionBox Estimate)
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₹2 L/yr - ₹2.5 L/yr

7 years exp. · Madurai (AmbitionBox Estimate)
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₹3.3 L/yr - ₹3.9 L/yr

0 - 14 years exp. · Madurai (4 salaries)
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₹2.5 L/yr - ₹8.2 L/yr

Last Updated: 22 Jan, 2025

Salary related reviews for Reliance Nippon Life Insurance

4.1

Rated by 13 employees for salary & benefits

Marketing Department

3.0
  •  posted on 11 May 2018

2.0
 for  Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that i am a part of a team that markets reliable, high-quality products and has a global client base.

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  • Skill development - Good
  • +1 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes, i have to work 14-18 hours straight in a day as I have to attend client calls in the evening and sometimes late into the night. Managers do not value an individuals' unique strengths, which is why i have to take back my suggestions most of the times. I do receive appreciation emails from my client, but they mostly go unnoticed during my mid-year appraisals. Also, there is no on-job training for freshers, hence senior folks like me have to guide them step-by-step, which is a pain sometimes.

read more
  • Salary - Poor
  • +2 more

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

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  • 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.

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  • Salary - Poor
  • +1 more

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.

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  • Salary - Poor
  • +6 more

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

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  • Salary - Poor
  • +6 more

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 .

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  • Salary - Bad
  • +6 more
see more salary related reviews

Reliance Nippon Life Insurance Salary FAQs

How much does Reliance Nippon Life Insurance pay to its employees?
The average annual salary at Reliance Nippon Life Insurance varies depending on the role, experience, and location. The salary ranges for some popular designations at Reliance Nippon Life Insurance, are as follows:

Key Relationship Manager ₹2.1 Lakhs to ₹2.4 Lakhs per year
Assistant Manager - Business Development ₹5.2 Lakhs to ₹7.3 Lakhs per year
Deputy Area Manager ₹11 Lakhs to ₹11.4 Lakhs per year
Senior Territory Manager ₹9.1 Lakhs to ₹13 Lakhs per year

The highest-paying role, National Manager, earns between ₹32 Lakhs to ₹43 Lakhs per year. The top 10% of employees earn more than ₹12.1 Lakhs per year, and the top 1% earn over ₹33 Lakhs per year. 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 salary estimates are based on data from 21 salaries submitted by Reliance Nippon Life Insurance employees. Reliance Nippon Life Insurance is rated 4.1 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Reliance Nippon Life Insurance in Madurai?
The salary of a fresher at Reliance Nippon Life Insurance in Madurai typically ranges from ₹1 Lakh to ₹11.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Senior Relationship Manager Salary ₹2.2 Lakhs to ₹3.3 Lakhs per year
Fresher as a Sales Executive Salary ₹1 Lakhs to ₹2.5 Lakhs per year
Fresher as a Key Relationship Manager Salary ₹2 Lakhs to ₹3.1 Lakhs per year
Fresher as a Agency Development Manager Salary ₹1.3 Lakhs to ₹3 Lakhs per year

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Average annual salary in Reliance Nippon Life Insurance , Madurai is INRunlock blur . Salary estimates are based on 21 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.

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