Reliance Nippon Life Insurance Management Trainee Salaries by 4 Employees

0 - 1 year exp.

₹1.5 Lakh - ₹3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

60% less than the average Management Trainee Salary in Insurance Companies for 0 - 1 year of experience

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Salaries in different departments

BFSI, Investments & Trading Management Trainee Salary 1 year exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹2.2 L/yr
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Human Resources Management Trainee Salary 0 - 1 year exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.4 L/yr

Last Updated: 16 Nov 2023

Companies similar to Reliance Nippon Life Insurance for Management Trainee

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Management Trainee Salary 0 - 2 years exp. (308 salaries)	₹4 L/yr - ₹9 L/yr 132% more
Kotak Mahindara Life Insurance Management Trainee Salary 0 - 3 years exp. (192 salaries)	₹2.7 L/yr - ₹6.3 L/yr 37% more	1 job opening
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HDFC Life Management Trainee Salary 0 - 3 years exp. (145 salaries)	₹5 L/yr - ₹15 L/yr 250% more
ICICI Lombard General Insurance Company Management Trainee Salary 0 - 1 year exp. (148 salaries)	₹4.3 L/yr - ₹12 L/yr 186% more
Bajaj Allianz General Insurance Management Trainee Salary 0 - 3 years exp. (85 salaries)	₹5.4 L/yr - ₹9.5 L/yr 175% more
Tata AIA Life Insurance Management Trainee Salary 0 - 4 years exp. (52 salaries)	₹5 L/yr - ₹19.2 L/yr 278% more
Bajaj Allianz Life Insurance Management Trainee Salary 0 - 6 years exp. (39 salaries)	₹3 L/yr - ₹10.5 L/yr 124% more
SBI Life Insurance Company Management Trainee Salary 0 - 2 years exp. (37 salaries)	₹3.5 L/yr - ₹10.5 L/yr 174% more
SBI General Insurance Management Trainee Salary 0 - 3 years exp. (34 salaries)	₹8 L/yr - ₹12 L/yr 207% more
Axis Max Life Insurance Management Trainee Salary 0 - 4 years exp. (15 salaries)	₹16 L/yr - ₹22 L/yr 615% more
Aditya Birla Sun Life Insurance Management Trainee Salary 0 - 1 year exp. (15 salaries)	₹7 L/yr - ₹15 L/yr 237% more
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Aditya Birla Health Insurance Co Management Trainee Salary 0 - 1 year exp. (10 salaries)	₹3 L/yr - ₹12 L/yr 161% more
HDFC Ergo General Insurance Management Trainee Salary 0 - 1 year exp. (8 salaries)	₹6 L/yr - ₹14.8 L/yr 394% more
Marsh Management Trainee Salary 0 - 3 years exp. (7 salaries)	₹9.5 L/yr - ₹17 L/yr 318% more
PNB MetLife Management Trainee Salary 0 - 2 years exp. (6 salaries)	₹6 L/yr - ₹7 L/yr 110% more
AON Global Insurance Brokers Management Trainee Salary 0 - 1 year exp. (4 salaries)	₹6 L/yr - ₹10.5 L/yr 183% more
Shriram Life Insurance Management Trainee Salary 0 - 3 years exp. (4 salaries)	₹2 L/yr - ₹9.1 L/yr 95% more
AXA Management Trainee Salary 2 - 3 years exp. (4 salaries)	₹8 L/yr - ₹12 L/yr 250% more
Allianz Management Trainee Salary 0 - 6 years exp. (3 salaries)	₹2.9 L/yr - ₹6.6 L/yr 46% more
Star Health & Allied Insurance Management Trainee Salary 0 - 12 years exp. (3 salaries)	₹1.8 L/yr - ₹6.5 L/yr 69% more

Management Trainee salary at Reliance Nippon Life Insurance ranges between ₹1.5 Lakh to ₹3 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Management Trainee salaries

Last Updated: 16 Nov 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
Login to view exact salary
1 year (3 salaries)	₹1.5 L/yr - ₹3 L/yr

From

Management Trainee

₹

Lakhs/yr

0 - 1 year exp.

Senior Branch Manager

₹

Lakhs/yr

7 - 17 years exp.

Management Trainee 0 - 1 year exp.

Branch Manager 7 - 19 years exp.

154% hike

Senior Branch Manager 7 - 17 years exp.

38% hike

From

View 1 more level

Management Trainee

0 - 1 year exp.

Cluster Head

12 - 19 years exp.

From

View 1 more level

Management Trainee

0 - 1 year exp.

Cluster Manager

7 - 22 years exp.

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

Finance Executive Salary

(5 salaries)

₹2.15 L/yr - ₹4.2 L/yr

Accountant Salary

(5 salaries)

₹1.05 L/yr - ₹2 L/yr

Team Lead Salary

(52 salaries)

₹2.4 L/yr - ₹4.85 L/yr

Financial Analyst Salary

(3 salaries)

₹3 L/yr - ₹4.1 L/yr

Accounts Officer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Associate Salary

(6 salaries)

₹1.75 L/yr - ₹2.8 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Deputy Manager Salary

(64 salaries)

₹3.7 L/yr - ₹12.42 L/yr

Account Assistant Salary

(AmbitionBox Estimate)

₹1.4 L/yr - ₹1.7 L/yr

Salary related reviews for Reliance Nippon Life Insurance

3.3

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

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

see more salary related reviews

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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 Management Trainee Salary FAQs

What is the salary of Management Trainee at Reliance Nippon Life Insurance ?

The average salary of a Management Trainee at Reliance Nippon Life Insurance in India typically ranges from ₹1.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Management Trainee at Reliance Nippon Life Insurance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Management Trainee 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 4 Reliance Nippon Life Insurance employees in India.

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

The estimated take-home salary of a Management Trainee at Reliance Nippon Life Insurance in India typically ranges from ₹20,893 to ₹22,543 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 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 Management Trainee in India?

Axis Max Life Insurance	₹16.0 Lakhs to ₹22.0 Lakhs per year
HDFC Ergo General Insurance	₹6.0 Lakhs to ₹14.8 Lakhs per year
Marsh	₹9.5 Lakhs to ₹17.0 Lakhs per year
Tata AIA Life Insurance	₹5.0 Lakhs to ₹19.2 Lakhs per year
HDFC Life	₹5.0 Lakhs to ₹15.0 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 Management Trainee in companies similar to Reliance Nippon Life Insurance in India?

The salary of a Management Trainee 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:

AXA	₹8.0 Lakhs to ₹12.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.0 Lakhs to ₹15.0 Lakhs per year
SBI General Insurance	₹8.0 Lakhs to ₹12.0 Lakhs per year
ICICI Lombard General Insurance Company	₹4.3 Lakhs to ₹12.0 Lakhs per year
AON Global Insurance Brokers	₹6.0 Lakhs to ₹10.5 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 Management Trainee at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.6 Lakhs to ₹3.3 Lakhs per year
1 year	₹1.5 Lakhs to ₹3.0 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Management Trainee Salaries

Reliance Nippon Life Insurance Management Trainee salary in India ranges between ₹1.5 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.