Reliance Nippon Life Insurance Sales Associate Salaries by 4 Employees

0 - 4 years exp.

₹2.4 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

9% less than the average Sales Associate Salary in Insurance Companies for 0 - 4 years of experience

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Last Updated: 9 Mar 2024

Companies similar to Reliance Nippon Life Insurance for Sales Associate

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Sales Associate Salary 0 - 6 years exp. (26 salaries)	₹1.4 L/yr - ₹3.6 L/yr 25% less
ICICI Lombard General Insurance Company Sales Associate Salary 0 - 6 years exp. (20 salaries)	₹1.3 L/yr - ₹3.9 L/yr 14% less
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Aditya Birla Health Insurance Co Sales Associate Salary 0 - 3 years exp. (15 salaries)	₹2.8 L/yr - ₹3.5 L/yr 6% more
HDFC Ergo General Insurance Sales Associate Salary 0 - 8 years exp. (15 salaries)	₹2.8 L/yr - ₹5 L/yr 30% more
Kotak Mahindara Life Insurance Sales Associate Salary 0 - 12 years exp. (10 salaries)	₹1.8 L/yr - ₹2.5 L/yr 27% less
Axis Max Life Insurance Sales Associate Salary 1 - 5 years exp. (9 salaries)	₹2.4 L/yr - ₹5 L/yr 3% more
ICICI Prudential Life Insurance Sales Associate Salary 1 - 3 years exp. (6 salaries)	₹2.7 L/yr - ₹4.5 L/yr 29% more
Bajaj Allianz General Insurance Sales Associate Salary 0 - 7 years exp. (6 salaries)	₹2 L/yr - ₹2.5 L/yr 18% less
Life Insurance Corporation of India Sales Associate Salary 0 - 7 years exp. (5 salaries)	₹2.4 L/yr - ₹5 L/yr 36% more
Aditya Birla Sun Life Insurance Sales Associate Salary 0 - 2 years exp. (5 salaries)	₹3 L/yr - ₹3.5 L/yr 17% more
Bajaj Allianz Life Insurance Sales Associate Salary 0 - 3 years exp. (5 salaries)	₹1 L/yr - ₹3.5 L/yr 22% less
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Tata AIA Life Insurance Sales Associate Salary 2 - 12 years exp. (4 salaries)	₹4.2 L/yr - ₹15.5 L/yr 168% more
Star Health & Allied Insurance Sales Associate Salary 1 - 14 years exp. (4 salaries)	₹2.3 L/yr - ₹5 L/yr 15% more

Sales Associate salary at Reliance Nippon Life Insurance ranges between ₹2.4 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Sales Associate salaries

Last Updated: 9 Mar 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.4 L/yr - ₹5.2 L/yr
1 year (AmbitionBox Estimate)	₹1.2 L/yr - ₹3.5 L/yr
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2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹5.3 L/yr

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Salary related reviews for Reliance Nippon Life Insurance

Sales Manager in Goalpara

Full Time

Sales & Business Development Department

5.0

• posted on 02 Oct 2022

5.0

for Salary and Benefits

Likes

This a good platform to grow up.. Salary and incentives are pretty good...it was a great experience to work with this RNLIC organization

Salary - Excellent

+5 more

Dislikes

The Branch Manager of Goalpara Branch is neither a good leader nor a good human being

Business Development Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 30 Aug 2017

2.0

for Salary and Benefits

Likes

Teammates and Immediate supervisor was excellent

Skill development - Good

Dislikes

You have to only work and there is no such compensation rather the higher management was horrible and worst, they only know how to fill there pockets not the base levels

Salary - Poor

+3 more

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

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

see more salary related reviews

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Reliance Nippon Life Insurance Sales Associate Salary FAQs

What is the salary of Sales Associate at Reliance Nippon Life Insurance ?

The average salary of a Sales Associate at Reliance Nippon Life Insurance in India typically ranges from ₹2.4 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Sales Associate at Reliance Nippon Life Insurance earn more than ₹3.5 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Sales Associate 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 Sales Associate at Reliance Nippon Life Insurance in India?

The estimated take-home salary of a Sales Associate at Reliance Nippon Life Insurance in India typically ranges from ₹20,695 to ₹22,348 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 4 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 Sales Associate in India?

Tata AIA Life Insurance	₹4.2 Lakhs to ₹15.5 Lakhs per year
Life Insurance Corporation of India	₹2.4 Lakhs to ₹5.0 Lakhs per year
HDFC Ergo General Insurance	₹2.8 Lakhs to ₹5.0 Lakhs per year
ICICI Prudential Life Insurance	₹2.7 Lakhs to ₹4.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.0 Lakhs to ₹3.5 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 Sales Associate in companies similar to Reliance Nippon Life Insurance in India?

The salary of a Sales Associate 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:

Star Health & Allied Insurance	₹2.3 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Health Insurance Co	₹2.8 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance	₹2.4 Lakhs to ₹5.0 Lakhs per year
ICICI Lombard General Insurance Company	₹1.3 Lakhs to ₹3.9 Lakhs per year
Bajaj Allianz General Insurance	₹2.0 Lakhs to ₹2.5 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 Sales Associate at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
Fresher	₹2.4 Lakhs to ₹5.2 Lakhs per year
1 year	₹1.2 Lakhs to ₹3.5 Lakhs per year
2 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
3 years	₹1.2 Lakhs to ₹3.0 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Sales Associate Salaries

Reliance Nippon Life Insurance Sales Associate salary in India ranges between ₹2.4 Lakhs to ₹3.5 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.