Reliance Nippon Life Insurance PSM Salaries by 4 Employees (Updated 2025)

1 - 5 years exp.

₹1 Lakh - ₹3.8 Lakhs

Low Confidence

Salary of majority employees

20% less than the average PSM Salary in Insurance Companies for 1 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading PSM Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.2 L/yr
Sales & Business Development PSM Salary 5 years exp. (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.1 L/yr
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Teaching & Training PSM Salary 1 year exp. (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr

Last Updated: 27 Dec 2024

Companies similar to Reliance Nippon Life Insurance for PSM

Company name	Avg Annual Salary	Open Jobs
Britannia PSM Salary 1 - 10 years exp. (144 salaries)	₹1 L/yr - ₹5 L/yr 49% more
Amul India PSM Salary 0 - 7 years exp. (44 salaries)	₹1.4 L/yr - ₹3.3 L/yr 7% less
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Nestle PSM Salary 1 - 8 years exp. (44 salaries)	₹1.5 L/yr - ₹4 L/yr 13% more
Zydus Wellness PSM Salary 3 - 11 years exp. (34 salaries)	₹1.7 L/yr - ₹3.8 L/yr 5% more
RSPL Group PSM Salary 0 - 6 years exp. (12 salaries)	₹1.5 L/yr - ₹2.7 L/yr 15% less

PSM salary at Reliance Nippon Life Insurance ranges between ₹1 Lakh to ₹3.8 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance PSM salaries

Last Updated: 27 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹0.9 L/yr - ₹1.1 L/yr
2 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹1.4 L/yr
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5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

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Manager Sales & Marketing Salary

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₹2.3 L/yr - ₹3 L/yr

Area Business Manager Salary

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₹2.4 L/yr - ₹6 L/yr

Marketing Associate Salary

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₹1.6 L/yr - ₹3.1 L/yr

Chief Marketing Manager Salary

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₹13 L/yr - ₹15 L/yr

Assistant Brand Manager Salary

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Executive - Sales & Marketing Salary

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₹1.15 L/yr - ₹1.8 L/yr

Brand Manager Salary

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₹3.5 L/yr - ₹8.6 L/yr

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₹1.93 L/yr - ₹2.7 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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I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Reliance Nippon Life Insurance PSM Salary FAQs

What is the salary of PSM at Reliance Nippon Life Insurance?

PSM salary at Reliance Nippon Life Insurance in India ranges between ₹1.0 Lakhs to ₹3.8 Lakhs for experience between 1 years to 5 years. According to our estimates it is 20% less than the average PSM Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance India.

How does the salary of a PSM at Reliance Nippon Life Insurance India compare with the average salary range for this job?

The average salary of a PSM at Reliance Nippon Life Insurance is 20% less than the average salary of a PSM in India. To know exact salary insights, login to view.

Which similar companies are paying more than Reliance Nippon Life Insurance to a PSM in India?

Britannia PSM Salary - ₹1.0 Lakhs to ₹5.0 Lakhs per year
Nestle PSM Salary - ₹1.5 Lakhs to ₹4.0 Lakhs per year
Zydus Wellness PSM Salary - ₹1.7 Lakhs to ₹3.8 Lakhs per year

What is the salary of a PSM in companies similar to Reliance Nippon Life Insurance in India?

Amul India PSM Salary - ₹1.4 Lakhs to ₹3.3 Lakhs per year
RSPL Group PSM Salary - ₹1.5 Lakhs to ₹2.7 Lakhs per year

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

The estimated take-home salary of a PSM at Reliance Nippon Life Insurance ranges between ₹15,859 per month to ₹17,501 per month in India. The take-home salary calculation is based on the average Reliance Nippon Life Insurance PSM salary in India which ranges between ₹1.0 Lakhs to ₹3.8 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for PSM at Reliance Nippon Life Insurance?

According to AmbitionBox, 100% of the Reliance Nippon Life Insurance PSMs reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Reliance Nippon Life Insurance PSM Salaries

Reliance Nippon Life Insurance PSM salary in India ranges between ₹1 Lakh to ₹3.8 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.