Reliance Nippon Life Insurance Procurement Manager Salaries by 4 Employees

11 - 14 years exp.

₹11.3 Lakhs - ₹15.5 Lakhs

Low Confidence

Salary of majority employees

18% less than the average Procurement Manager Salary in Insurance Companies for 11 - 14 years of experience

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Last Updated: 2 Feb 2024

Companies similar to Reliance Nippon Life Insurance for Procurement Manager

Company name	Avg Annual Salary	Open Jobs
Axis Max Life Insurance Procurement Manager Salary 10 - 14 years exp. (7 salaries)	₹11 L/yr - ₹17 L/yr 8% more	3 job openings
MetLife Procurement Manager Salary 5 - 13 years exp. (5 salaries)	₹9 L/yr - ₹20.5 L/yr 1% more
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PNB MetLife Procurement Manager Salary 10 - 14 years exp. (5 salaries)	₹10.3 L/yr - ₹13 L/yr 15% less
HDFC Ergo General Insurance Procurement Manager Salary 1 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹14.5 L/yr 36% less
HDFC Life Procurement Manager Salary 16 - 22 years exp. (4 salaries)	₹11.5 L/yr - ₹12.9 L/yr 6% less
SBI General Insurance Procurement Manager Salary 3 - 13 years exp. (3 salaries)	₹8.6 L/yr - ₹9.6 L/yr 30% less
Kotak Mahindara Life Insurance Procurement Manager Salary 7 - 8 years exp. (3 salaries)	₹5 L/yr - ₹12.9 L/yr 34% less

Procurement Manager salary at Reliance Nippon Life Insurance ranges between ₹11.3 Lakhs to ₹15.5 Lakhs per year for employees with experience between 11 years to 14 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Procurement Manager salaries

Last Updated: 2 Feb 2024

Experience	Avg Annual Salary
11 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
12 years (AmbitionBox Estimate)	₹11.5 L/yr - ₹14.7 L/yr
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13 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 L/yr
14 years (AmbitionBox Estimate)	₹14 L/yr - ₹17.8 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Warehouse Manager Salary

(4 salaries)

₹0.1 L/yr - ₹0.2 L/yr

Counsellor Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Order Management Specialist Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Distribution Executive Salary

(AmbitionBox Estimate)

₹3.4 L/yr - ₹4.4 L/yr

Store Keeper Salary

(AmbitionBox Estimate)

₹1.1 L/yr - ₹1.4 L/yr

Manager Materials Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Assistant Manager- Purchase Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Salary related reviews for Reliance Nippon Life Insurance

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

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

Assistant Branch Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 23 Dec 2024

1.0

for Salary and Benefits

Dislikes

No specifications and job clarity for the role of ABM and salary deduction as per company's discrition which do not bring any corporate feelings to employees it seems they are working in a grocery shop not in corporate

Salary - Bad

+5 more

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Reliance Nippon Life Insurance Procurement Manager Salary FAQs

What is the salary of Procurement Manager at Reliance Nippon Life Insurance ?

The average salary of a Procurement Manager at Reliance Nippon Life Insurance in India typically ranges from ₹11.3 Lakhs to ₹15.5 Lakhs per year, depending on experience (from 11 years to 14 years).

The top 10% of Procurement Manager at Reliance Nippon Life Insurance earn more than ₹15.5 Lakhs per year, and the top 1% earn over ₹15.5 Lakhs per year. Procurement Manager 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 Procurement Manager at Reliance Nippon Life Insurance in India?

The estimated take-home salary of a Procurement Manager at Reliance Nippon Life Insurance in India typically ranges from ₹91,173 to ₹93,572 per month. This is based on the average salary range of ₹11.3 Lakhs to ₹15.5 Lakhs per year for employees with experience ranging from 11 years to 14 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 Procurement Manager in India?

Axis Max Life Insurance	₹11.0 Lakhs to ₹17.0 Lakhs per year
MetLife	₹9.0 Lakhs to ₹20.5 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 Procurement Manager in companies similar to Reliance Nippon Life Insurance in India?

The salary of a Procurement Manager 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:

HDFC Life	₹11.5 Lakhs to ₹12.9 Lakhs per year
PNB MetLife	₹10.3 Lakhs to ₹13.0 Lakhs per year
SBI General Insurance	₹8.6 Lakhs to ₹9.6 Lakhs per year
Kotak Mahindara Life Insurance	₹5.0 Lakhs to ₹12.9 Lakhs per year
HDFC Ergo General Insurance	₹3.5 Lakhs to ₹14.5 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 Procurement Manager at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
11 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
12 years	₹11.5 Lakhs to ₹14.7 Lakhs per year
13 years	₹10.1 Lakhs to ₹12.9 Lakhs per year
14 years	₹14.0 Lakhs to ₹17.8 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Procurement Manager Salaries

Reliance Nippon Life Insurance Procurement Manager salary in India ranges between ₹11.3 Lakhs to ₹15.5 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.