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Reliance Nippon Life Insurance Sales Executive salaries in Mumbai (Updated 2025)

Annual salary range
1 - 3 years exp.
₹1 Lakh - ₹3 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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30% less than the average Sales Executive Salary in Insurance Companies for 1 - 3 years of experience

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Salaries in different departments

Sales & Business Development
Sales Executive Salary
1 - 2 years exp. (3 salaries)
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₹1 L/yr - ₹2.2 L/yr

BFSI, Investments & Trading
Sales Executive Salary
2 years exp. (AmbitionBox Estimate)
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₹1.5 L/yr - ₹2.4 L/yr

Finance & Accounting
Sales Executive Salary
2 years exp. (AmbitionBox Estimate)
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₹1.2 L/yr - ₹2.5 L/yr

Last Updated: 28 Feb 2025

Companies similar to Reliance Nippon Life Insurance for Sales Executive in Mumbai

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Reliance Nippon Life Insurance Sales Executive Salary

1 - 3 years exp. (10 salaries)

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₹1 L/yr - ₹3 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹1.2 L/yr - ₹5 L/yr

arrow icon 10% more
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₹1.5 L/yr - ₹3.8 L/yr

arrow icon 32% more
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HDFC Life Sales Executive Salary

0 - 7 years exp. (22 salaries)

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₹1.1 L/yr - ₹5 L/yr

arrow icon 52% more
2 job openings
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₹2 L/yr - ₹3.8 L/yr

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₹2 L/yr - ₹4 L/yr

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₹1.3 L/yr - ₹3.7 L/yr

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₹1.8 L/yr - ₹4.5 L/yr

arrow icon 51% more
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₹2 L/yr - ₹4.6 L/yr

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1 job opening
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₹0.7 L/yr - ₹4.5 L/yr

arrow icon 29% more
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₹1.5 L/yr - ₹3.5 L/yr

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₹2 L/yr - ₹3 L/yr

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₹2.8 L/yr - ₹4 L/yr

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SBI General Insurance Sales Executive Salary

3 - 5 years exp. (4 salaries)

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₹2 L/yr - ₹3.5 L/yr

arrow icon 29% more
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₹2 L/yr - ₹3 L/yr

arrow icon 8% less
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₹2.1 L/yr - ₹3.1 L/yr

arrow icon 30% more
3 job openings
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PNB MetLife Sales Executive Salary

3 - 5 years exp. (3 salaries)

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₹2.9 L/yr - ₹4 L/yr

arrow icon 50% more
Sales Executive salary at Reliance Nippon Life Insurance ranges between ₹1 Lakh to ₹3 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 10 latest salaries received from various employees of Reliance Nippon Life Insurance.

Latest annual salaries shared by Reliance Nippon Life Insurance Sales Executive in Mumbai

1mo ago
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1 year exp.
6mo ago
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3 years exp.
1y ago
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2 years exp.

Experience wise Reliance Nippon Life Insurance Sales Executive salaries in Mumbai

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
1 year  (3 salaries)

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₹1 L/yr - ₹2.3 L/yr
2 years  (6 salaries)

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₹1 L/yr - ₹3 L/yr
3 years (AmbitionBox Estimate)

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₹2.1 L/yr - ₹2.7 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Sales Manager Salary
(20 salaries)
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₹1.5 L/yr - ₹5 L/yr
Sales Officer Salary
(3 salaries)
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₹1.8 L/yr - ₹2.5 L/yr

Salary related reviews for Reliance Nippon Life Insurance

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

read more

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

read more
  • Salary - Excellent
  • +5 more

Dislikes

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

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

read more
  • Salary - Poor
  • +3 more

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.

read more
  • Salary - Poor
  • +3 more

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

read more

Dislikes

No compensation for home visit like petrol expanse in 30k salary we need to visit customer home for meeting on own expense

read more
  • Job security - Poor
  • +4 more
see more salary related reviews

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Reliance Nippon Life Insurance Sales Executive Salary FAQs

What is the salary of Sales Executive at Reliance Nippon Life Insurance in Mumbai?
The average salary of a Sales Executive at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹1.0 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Sales Executive in Mumbai at Reliance Nippon Life Insurance earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Sales Executive 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 10 Reliance Nippon Life Insurance employees in India.
What is the estimated take home salary of a Sales Executive at Reliance Nippon Life Insurance in Mumbai?
The estimated take-home salary of a Sales Executive at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹15,506 to ₹17,118 per month. This is based on the average salary range of ₹1.0 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 10 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 Executive in India?
Axis Max Life Insurance ₹2.0 Lakhs to ₹4.6 Lakhs per year
HDFC Life ₹1.1 Lakhs to ₹5.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹1.8 Lakhs to ₹4.5 Lakhs per year
PNB MetLife ₹2.9 Lakhs to ₹4.0 Lakhs per year
ICICI Prudential Life Insurance ₹2.0 Lakhs to ₹3.8 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 Executive in companies similar to Reliance Nippon Life Insurance in Mumbai?
The salary of a Sales Executive at companies similar to Reliance Nippon Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Star Health & Allied Insurance ₹2.8 Lakhs to ₹4.0 Lakhs per year
HDFC Ergo General Insurance ₹1.5 Lakhs to ₹3.8 Lakhs per year
Bajaj Allianz Life Insurance ₹2.1 Lakhs to ₹3.1 Lakhs per year
Bajaj Allianz General Insurance ₹1.3 Lakhs to ₹3.7 Lakhs per year
SBI General Insurance ₹2.0 Lakhs to ₹3.5 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 Executive at Reliance Nippon Life Insurance in Mumbai?
The salary growth for a Sales Executive at Reliance Nippon Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Sales Executive in Mumbai can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
1 year ₹1.0 Lakhs to ₹2.3 Lakhs per year
2 years ₹1.0 Lakhs to ₹3.0 Lakhs per year
3 years ₹2.1 Lakhs to ₹2.7 Lakhs per year
and so on.

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Reliance Nippon Life Insurance Sales Executive salary in Mumbai ranges between ₹1 Lakh to ₹3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.