Reliance Nippon Life Insurance Mumbai Product Manager Salaries by 5 Employees (Updated 2025)

5 - 7 years exp.

₹6 Lakhs - ₹15 Lakhs

Salary of majority employees

43% less than the average Product Manager Salary in Insurance Companies for 5 - 7 years of experience

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Last Updated: 16 Nov 2024

Companies similar to Reliance Nippon Life Insurance for Product Manager in Mumbai

Reliance Nippon Life Insurance Product Manager Salary

5 - 7 years exp. (5 salaries)

₹6 L/yr - ₹15 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Product Manager Salary 0 - 6 years exp. (29 salaries)	₹6.7 L/yr - ₹19 L/yr 36% more
HDFC Life Product Manager Salary 2 - 8 years exp. (58 salaries)	₹7.5 L/yr - ₹20 L/yr 11% more
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SBI Life Insurance Company Product Manager Salary 2 - 6 years exp. (15 salaries)	₹7.8 L/yr - ₹13.6 L/yr 11% less
Bajaj Allianz Life Insurance Product Manager Salary 4 - 13 years exp. (4 salaries)	₹10 L/yr - ₹24 L/yr 51% more
Kotak Mahindara Life Insurance Product Manager Salary 1 - 8 years exp. (22 salaries)	₹7.7 L/yr - ₹29 L/yr 62% more
Tata AIA Life Insurance Product Manager Salary 5 - 10 years exp. (8 salaries)	₹11 L/yr - ₹32 L/yr 61% more
Aditya Birla Sun Life Insurance Product Manager Salary 1 - 7 years exp. (7 salaries)	₹10 L/yr - ₹16 L/yr 22% more
ICICI Lombard General Insurance Company Product Manager Salary 0 - 9 years exp. (210 salaries)	₹6 L/yr - ₹23 L/yr 20% more
HDFC Ergo General Insurance Product Manager Salary 0 - 3 years exp. (19 salaries)	₹13 L/yr - ₹19 L/yr 33% more
Aditya Birla Health Insurance Co Product Manager Salary 2 - 9 years exp. (6 salaries)	₹9 L/yr - ₹25.5 L/yr 39% more

Product Manager salary at Reliance Nippon Life Insurance ranges between ₹6 Lakhs to ₹15 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Product Manager salaries in Mumbai

Last Updated: 16 Nov 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹6 L/yr - ₹15 L/yr
6 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹12 L/yr
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7 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹20.3 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Deputy Manager Salary

(53 salaries)

₹3.7 L/yr - ₹14.37 L/yr

Project Manager Salary

(5 salaries)

₹8 L/yr - ₹18.5 L/yr

Salary related reviews for Reliance Nippon Life Insurance

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

Key Relationship Manager in Jammu

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 29 Jul 2023

3.0

for Salary and Benefits

Likes

The work life balance here in reliance is excellent. No unnecessary pressure is put up on you. Proper training and induction is conducted when you join the company. The incentive structure is very nice compared toother organizations.

Skill development - Good

+3 more

Dislikes

There is no appraisal criteria here. Only way to increase your salary is tthrough promotions and which sometime is difficult to achieve .

Promotions - Poor

Executive Territory Manager in Almora

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 02 Mar 2024

2.0

for Salary and Benefits

Likes

...s that he will not get 100% contest. 3-4 will be missed because of ifs and buts. Salary deduction and demotions for sales force. It demotivating for many managers as well as branch head. HR support is very very pathatic, high deduction in f&f if you serve less notice period. Company always wants that vintage employee should left the company because they are highly paid

Dislikes

Many dislikes which I mention in like section

Salary - Poor

+5 more

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an associate vice president

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Reliance Nippon Life Insurance Product Manager Salary FAQs

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

Product Manager salary at Reliance Nippon Life Insurance in Mumbai ranges between ₹6.0 Lakhs to ₹15.0 Lakhs for experience between 5 years to 7 years. According to our estimates it is 43% less than the average Product Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Reliance Nippon Life Insurance Mumbai.

How does the salary of a Product Manager at Reliance Nippon Life Insurance Mumbai compare with the average salary range for this job?

The average salary of a Product Manager at Reliance Nippon Life Insurance is 43% less than the average salary of a Product Manager in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Reliance Nippon Life Insurance to a Product Manager in Mumbai?

Kotak Mahindara Life Insurance Product Manager Salary - ₹7.7 Lakhs to ₹29.0 Lakhs per year
Tata AIA Life Insurance Product Manager Salary - ₹11.0 Lakhs to ₹32.0 Lakhs per year
Bajaj Allianz Life Insurance Product Manager Salary - ₹10.0 Lakhs to ₹24.0 Lakhs per year
Aditya Birla Health Insurance Co Product Manager Salary - ₹9.0 Lakhs to ₹25.5 Lakhs per year
ICICI Prudential Life Insurance Product Manager Salary - ₹6.7 Lakhs to ₹19.0 Lakhs per year

What is the salary of a Product Manager in companies similar to Reliance Nippon Life Insurance in Mumbai?

HDFC Ergo General Insurance Product Manager Salary - ₹13.0 Lakhs to ₹19.0 Lakhs per year
Aditya Birla Sun Life Insurance Product Manager Salary - ₹10.0 Lakhs to ₹16.0 Lakhs per year
ICICI Lombard General Insurance Company Product Manager Salary - ₹6.0 Lakhs to ₹23.0 Lakhs per year
HDFC Life Product Manager Salary - ₹7.5 Lakhs to ₹20.0 Lakhs per year
SBI Life Insurance Company Product Manager Salary - ₹7.8 Lakhs to ₹13.6 Lakhs per year

What is the estimated take home salary of a Product Manager at Reliance Nippon Life Insurance in Mumbai?

The estimated take-home salary of a Product Manager at Reliance Nippon Life Insurance ranges between ₹83,233 per month to ₹85,407 per month in Mumbai. The take-home salary calculation is based on the average Reliance Nippon Life Insurance Product Manager salary in India which ranges between ₹6.0 Lakhs to ₹15.0 Lakhs per year for employees with experience between 5 years to 7 years. Check how did we calculate take home salary?

What is the notice period for Product Manager at Reliance Nippon Life Insurance in Mumbai?

According to AmbitionBox, 67% of the Reliance Nippon Life Insurance Product Managers in Mumbai reported a notice period of 3 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Reliance Nippon Life Insurance Product Manager Salaries in Mumbai

Reliance Nippon Life Insurance Product Manager salary in Mumbai ranges between ₹6 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.

Reliance Nippon Life Insurance Product Manager salaries in Mumbai

Companies similar to Reliance Nippon Life Insurance for Product Manager in Mumbai

Latest annual salaries shared by Reliance Nippon Life Insurance Product Manager in Mumbai

Experience wise Reliance Nippon Life Insurance Product Manager salaries in Mumbai

Similar Designation salaries in Reliance Nippon Life Insurance

Salary related reviews for Reliance Nippon Life Insurance

Senior Territory Manager in Lucknow

Agency Development Manager in Kolkata

Assistant Branch Manager in Kolkata

Key Relationship Manager in Jammu

Executive Territory Manager in Almora

Reliance Nippon Life Insurance Product Manager Salary FAQs

Tell us how to improve this page.