Reliance Nippon Life Insurance Processing Officer Salaries by 4 Employees

1 - 2 years exp.

₹1.5 Lakh - ₹1.8 Lakh

Low Confidence

Avg. annual salary

Monthly In-hand Salary

42% less than the average Processing Officer Salary in Insurance Companies for 1 - 2 years of experience

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Salaries in different departments

Finance & Accounting Processing Officer Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.5 L/yr - ₹1.8 L/yr
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Customer Success, Service & Operations Processing Officer Salary 2 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹1.9 L/yr

Last Updated: 11 Mar 2023

Companies similar to Reliance Nippon Life Insurance for Processing Officer

Company name	Avg Annual Salary	Open Jobs
CAMS Processing Officer Salary 3 - 11 years exp. (583 salaries)	₹1.5 L/yr - ₹4 L/yr 60% more
Insolutions Global Processing Officer Salary 0 - 7 years exp. (185 salaries)	₹1.2 L/yr - ₹4.2 L/yr 73% more
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HDB Financial Services Processing Officer Salary 0 - 9 years exp. (168 salaries)	₹1.1 L/yr - ₹5.3 L/yr 77% more
HDFC Bank Processing Officer Salary 1 - 8 years exp. (78 salaries)	₹1 L/yr - ₹5 L/yr 64% more	1 job opening
Citicorp Processing Officer Salary 0 - 7 years exp. (58 salaries)	₹3.2 L/yr - ₹5 L/yr 158% more

Processing Officer salary at Reliance Nippon Life Insurance ranges between ₹1.5 Lakh to ₹1.8 Lakh per year for employees with experience between 1 year to 2 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Processing Officer salaries

Last Updated: 11 Mar 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.4 L/yr - ₹1.7 L/yr
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2 years (3 salaries)	₹1.5 L/yr - ₹1.8 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Senior Officer Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Sales Officer Salary

(15 salaries)

₹1.45 L/yr - ₹4.1 L/yr

Process Associate Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Relationship Officer Salary

(3 salaries)

₹1.8 L/yr - ₹2.89 L/yr

Officer Salary

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₹1.8 L/yr - ₹6.2 L/yr

Sales Executive Salary

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₹0.95 L/yr - ₹6.6 L/yr

Branch Manager Salary

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₹3.75 L/yr - ₹10 L/yr

Deputy Manager Salary

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₹3.7 L/yr - ₹12.42 L/yr

Computer Operator Salary

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₹1.2 L/yr - ₹3.35 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Salary related reviews for Reliance Nippon Life Insurance

Branch Manager in Anantnag

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.

Salary - Excellent

+5 more

Dislikes

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

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

Branch Manager in Varanasi

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.

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

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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 Processing Officer Salary FAQs

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

The average salary of a Processing Officer at Reliance Nippon Life Insurance in India typically ranges from ₹1.5 Lakhs to ₹1.8 Lakhs per year, depending on experience (from 1 year to 2 years).

The top 10% of Processing Officer at Reliance Nippon Life Insurance earn more than ₹1.8 Lakhs per year, and the top 1% earn over ₹1.8 Lakhs per year. Processing 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 4 Reliance Nippon Life Insurance employees in India.

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

The estimated take-home salary of a Processing Officer at Reliance Nippon Life Insurance in India typically ranges from ₹10,943 to ₹12,160 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹1.8 Lakhs per year for employees with experience ranging from 1 year to 2 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 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 Processing Officer in India?

Citicorp	₹3.2 Lakhs to ₹5.0 Lakhs per year
HDB Financial Services	₹1.1 Lakhs to ₹5.3 Lakhs per year
Insolutions Global	₹1.2 Lakhs to ₹4.2 Lakhs per year
HDFC Bank	₹1.0 Lakhs to ₹5.0 Lakhs per year
CAMS	₹1.5 Lakhs to ₹4.0 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.

How the salary growth look like for a Processing Officer at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹1.4 Lakhs to ₹1.7 Lakhs per year
2 years	₹1.5 Lakhs to ₹1.8 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Processing Officer Salaries

Reliance Nippon Life Insurance Processing Officer salary in India ranges between ₹1.5 Lakh to ₹1.8 Lakh 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.

Reliance Nippon Life Insurance Processing Officer salaries in India

Companies similar to Reliance Nippon Life Insurance for Processing Officer

Latest annual salaries shared by Reliance Nippon Life Insurance Processing Officer

Experience wise Reliance Nippon Life Insurance Processing Officer salaries

Similar Designation salaries in Reliance Nippon Life Insurance

Salary related reviews for Reliance Nippon Life Insurance

Branch Manager in Anantnag

Team Lead in Mirza

Branch Manager in Varanasi

Relationship Manager in New Delhi

Sales Executive in Lucknow

Reliance Nippon Life Insurance Processing Officer Salary FAQs

Tell us how to improve this page.