Reliance Nippon Life Insurance Mumbai Sales Manager Salaries by 20+ Employees

0 - 10 years exp.

₹1.5 Lakh - ₹5 Lakhs

Avg. annual salary

Monthly In-hand Salary

53% less than the average Sales Manager Salary in Insurance Companies for 0 - 10 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Sales Manager Salary 2 - 8 years exp. (11 salaries)	₹2.2 L/yr - ₹5 L/yr
Finance & Accounting Sales Manager Salary Fresher (AmbitionBox Estimate)	₹2 L/yr - ₹3.9 L/yr
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Marketing & Communication Sales Manager Salary 2 - 5 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹3.5 L/yr
Sales & Business Development Sales Manager Salary 2 years exp. (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.7 L/yr

Last Updated: 28 Nov 2024

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

Reliance Nippon Life Insurance Sales Manager Salary

0 - 10 years exp. (20 salaries)

₹1.5 L/yr - ₹5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Sales Manager Salary 0 - 9 years exp. (116 salaries)	₹3 L/yr - ₹10 L/yr 115% more	25 job openings
ICICI Lombard General Insurance Company Sales Manager Salary 1 - 14 years exp. (93 salaries)	₹3.9 L/yr - ₹11.6 L/yr 108% more	1 job opening
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HDFC Life Sales Manager Salary 0 - 10 years exp. (91 salaries)	₹2.2 L/yr - ₹7.5 L/yr 53% more	4 job openings
Kotak Mahindara Life Insurance Sales Manager Salary 0 - 10 years exp. (75 salaries)	₹2.6 L/yr - ₹5.8 L/yr 37% more	4 job openings
Axis Max Life Insurance Sales Manager Salary 0 - 9 years exp. (70 salaries)	₹2.8 L/yr - ₹6 L/yr 37% more	2 job openings
Bajaj Allianz General Insurance Sales Manager Salary 0 - 11 years exp. (67 salaries)	₹2.4 L/yr - ₹6.6 L/yr 43% more	80 job openings
Aditya Birla Health Insurance Co Sales Manager Salary 0 - 7 years exp. (65 salaries)	₹2.7 L/yr - ₹5.1 L/yr 28% more
Aditya Birla Sun Life Insurance Sales Manager Salary 1 - 10 years exp. (42 salaries)	₹2.5 L/yr - ₹9.5 L/yr 111% more
HDFC Ergo General Insurance Sales Manager Salary 1 - 8 years exp. (26 salaries)	₹3 L/yr - ₹6.5 L/yr 35% more
Tata AIA Life Insurance Sales Manager Salary 5 - 10 years exp. (20 salaries)	₹3.5 L/yr - ₹7.9 L/yr 83% more	4 job openings
Bajaj Allianz Life Insurance Sales Manager Salary 0 - 8 years exp. (19 salaries)	₹2.4 L/yr - ₹7 L/yr 10% more	17 job openings
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PNB MetLife Sales Manager Salary 1 - 9 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 19% more	105 job openings
SBI Life Insurance Company Sales Manager Salary 2 - 10 years exp. (3 salaries)	₹3.2 L/yr - ₹5.6 L/yr 16% more	1 job opening

Sales Manager salary at Reliance Nippon Life Insurance ranges between ₹1.5 Lakh to ₹5 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 20 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Sales Manager salaries in Mumbai

Last Updated: 28 Nov 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.1 L/yr
1 year (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
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2 years (6 salaries)	₹1.5 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
6 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
8 years (3 salaries)	₹3.3 L/yr - ₹5 L/yr
9 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
10 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr

View all

From

Sales Manager

₹

Lakhs/yr

0 - 10 years exp.

BDM

₹

Lakhs/yr

3 - 6 years exp.

Sales Manager

0 - 10 years exp.

Senior Sales Manager

1 - 9 years exp.

4% hike

Executive Sales Manager

3 - 12 years exp.

16% hike

From

View 3 more levels

Sales Manager

0 - 10 years exp.

Senior Branch Manager

9 - 18 years exp.

From

View 3 more levels

Sales Manager

0 - 10 years exp.

Cluster Head

12 - 19 years exp.

From

View 3 more levels

Sales Manager

0 - 10 years exp.

Senior Territory Manager

9 - 22 years exp.

From

View 3 more levels

Sales Manager

0 - 10 years exp.

Cluster Manager

7 - 22 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Reliance Nippon Life Insurance

Deputy Manager Salary

(53 salaries)

₹3.7 L/yr - ₹14.37 L/yr

Area Manager Salary

(6 salaries)

₹11 L/yr - ₹17 L/yr

Sales Officer Salary

(3 salaries)

₹1.8 L/yr - ₹2.5 L/yr

Top skills at Reliance Nippon Life Insurance for Sales Manager

Finance Loans B2B Sales Credit Cards Bancassurance Personal Loans Insurance Sales Corporate Sales Business Development Health Insurance Direct Sales Sales Management Sales Agency Sales Banking

Salary related reviews for Reliance Nippon Life Insurance

3.0

Rated by 1 employees for salary & benefits

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

Sales Manager in Kolkata

Sales & Business Development Department

4.0

• posted on 18 Oct 2018

4.0

for Salary and Benefits

Likes

Reliance Nippon life insurance is one of the Prestigious Company In India with huge employees & advisor network, thousands of Branches all over the Nation. Well, one of I like about this company is their learning & skill development tools/aaps.

Salary - Good

+6 more

Dislikes

...tion level, HR level also not active so its create strong connectivity problem . Salary structure is very poor, payslip & offerletter's CTC are different. Branch Manager's expectations some times very challenging & hard for Sales team. Company's android Applications (apps) many of times not working properly, so it's hard to make productive. Depends on aforesaid circumstances these are my own & personal opinion/ believe.

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

Branch Manager in Anantnag

Sales & Business Development Department

4.0

• posted on 23 Jun 2022

5.0

for Salary and Benefits

Likes

Good work culture and environment. Transparent management supportive team. Company policies are good, bonus every month.

Salary - Excellent

+5 more

Dislikes

There is not formal Traning only online tranings and Salary is very low and and its IPM branch.

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

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Reliance Nippon Life Insurance Sales Manager Salary FAQs

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

The average salary of a Sales Manager at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹1.5 Lakhs to ₹5.0 Lakhs per year, depending on experience (from Fresher to 10 years).

The top 10% of Sales Manager in Mumbai at Reliance Nippon Life Insurance earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Sales 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 20+ Reliance Nippon Life Insurance employees in India.

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

The estimated take-home salary of a Sales Manager at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹23,414 to ₹24,876 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from Fresher to 10 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 20+ salaries received from various employees of Reliance Nippon Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Sales Manager at Reliance Nippon Life Insurance in Mumbai?

To be a Sales Manager at Reliance Nippon Life Insurance in Mumbai, the key skills required include:

- Finance
- Loans
- B2B Sales
- Credit Cards
- Bancassurance

These skills are highly valued at Reliance Nippon Life Insurance and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Reliance Nippon Life Insurance for Sales Manager in India?

ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹10.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹2.5 Lakhs to ₹9.5 Lakhs per year
ICICI Lombard General Insurance Company	₹3.9 Lakhs to ₹11.6 Lakhs per year
Tata AIA Life Insurance	₹3.5 Lakhs to ₹7.9 Lakhs per year
HDFC Life	₹2.2 Lakhs to ₹7.5 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 Manager in companies similar to Reliance Nippon Life Insurance in Mumbai?

The salary of a Sales Manager 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:

Bajaj Allianz General Insurance	₹2.4 Lakhs to ₹6.6 Lakhs per year
Kotak Mahindara Life Insurance	₹2.6 Lakhs to ₹5.8 Lakhs per year
Axis Max Life Insurance	₹2.8 Lakhs to ₹6.0 Lakhs per year
HDFC Ergo General Insurance	₹3.0 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Health Insurance Co	₹2.7 Lakhs to ₹5.1 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 Manager at Reliance Nippon Life Insurance in Mumbai?

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

Experience	Average Salary Range
Fresher	₹2.5 Lakhs to ₹3.1 Lakhs per year
1 year	₹2.6 Lakhs to ₹3.3 Lakhs per year
2 years	₹1.5 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Sales Manager Salaries in Mumbai

Reliance Nippon Life Insurance Sales Manager salary in Mumbai ranges between ₹1.5 Lakh to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.