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Reliance Nippon Life Insurance

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3.6

based on 2.8k Reviews

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Reliance Nippon Life Insurance Sales Officer salaries in Hyderabad / Secunderabad

Annual salary range
1 - 3 years exp.
₹1.5 Lakh - ₹2.4 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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37% less than the average Sales Officer Salary in Insurance Companies for 1 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA
Sales Officer Salary
1 - 3 years exp. (3 salaries)
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₹1.3 L/yr - ₹2.4 L/yr

Sales & Business Development
Sales Officer Salary
3 years exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹3 L/yr

Last Updated: 3 Dec 2023

Companies similar to Reliance Nippon Life Insurance for Sales Officer in Hyderabad / Secunderabad

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Reliance Nippon Life Insurance Sales Officer Salary

1 - 3 years exp. (5 salaries)
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₹1.5 L/yr - ₹2.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Lombard General Insurance Company Sales Officer Salary

1 - 5 years exp. (11 salaries)
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₹1 L/yr - ₹3 L/yr

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Axis Max Life Insurance Sales Officer Salary

1 - 6 years exp. (7 salaries)
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₹2 L/yr - ₹2.8 L/yr

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Bajaj Allianz General Insurance Sales Officer Salary

0 - 5 years exp. (5 salaries)
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₹1.9 L/yr - ₹3.5 L/yr

arrow icon 17% more
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Star Health & Allied Insurance Sales Officer Salary

0 - 5 years exp. (3 salaries)
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₹2.2 L/yr - ₹3.5 L/yr

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HDFC Bank Sales Officer Salary

0 - 8 years exp. (394 salaries)
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₹1.1 L/yr - ₹5 L/yr

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 12 job openings
Sales Officer salary at Reliance Nippon Life Insurance ranges between ₹1.5 Lakh to ₹2.4 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 5 latest salaries received from various employees of Reliance Nippon Life Insurance.

Latest annual salaries shared by Reliance Nippon Life Insurance Sales Officer in Hyderabad / Secunderabad

1y ago
₹2.1 Lakhs
3 years exp.

Experience wise Reliance Nippon Life Insurance Sales Officer salaries in Hyderabad / Secunderabad

Last Updated: 3 Dec 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2 L/yr - ₹2.6 L/yr
2 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.6 L/yr
3 years (AmbitionBox Estimate)

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₹2 L/yr - ₹2.6 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Sales Manager Salary
(20 salaries)
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₹1.5 L/yr - ₹4.5 L/yr
Sales Executive Salary
(7 salaries)
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₹1.2 L/yr - ₹4 L/yr

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

read more
  • 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

read more
  • 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.

read more
  • 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

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

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

read more
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New offer. Confused.
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 Officer Salary FAQs

What is the salary of Sales Officer at Reliance Nippon Life Insurance in Hyderabad / Secunderabad?
The average salary of a Sales Officer at Reliance Nippon Life Insurance in Hyderabad / Secunderabad typically ranges from ₹1.5 Lakhs to ₹2.4 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Sales Officer in Hyderabad / Secunderabad at Reliance Nippon Life Insurance earn more than ₹2.4 Lakhs per year, and the top 1% earn over ₹2.4 Lakhs per year. Sales Officer 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 5 Reliance Nippon Life Insurance employees in India.
What is the estimated take home salary of a Sales Officer at Reliance Nippon Life Insurance in Hyderabad / Secunderabad?
The estimated take-home salary of a Sales Officer at Reliance Nippon Life Insurance in Hyderabad / Secunderabad typically ranges from ₹15,362 to ₹16,961 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹2.4 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 5 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 Officer in India?
HDFC Bank ₹1.1 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance ₹2.2 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance ₹2.0 Lakhs to ₹2.8 Lakhs per year
Bajaj Allianz General Insurance ₹1.9 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 Officer in companies similar to Reliance Nippon Life Insurance in Hyderabad / Secunderabad?
The salary of a Sales Officer at companies similar to Reliance Nippon Life Insurance in Hyderabad / Secunderabad varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company ₹1.0 Lakhs to ₹3.0 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 Officer at Reliance Nippon Life Insurance in Hyderabad / Secunderabad?
The salary growth for a Sales Officer at Reliance Nippon Life Insurance in Hyderabad / Secunderabad depends on factors such as experience, performance, and promotions. On average, a Sales Officer in Hyderabad / Secunderabad can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
1 year ₹2.0 Lakhs to ₹2.6 Lakhs per year
2 years ₹2.0 Lakhs to ₹2.6 Lakhs per year
3 years ₹2.0 Lakhs to ₹2.6 Lakhs per year
and so on.

Tell us how to improve this page.

Reliance Nippon Life Insurance Sales Officer salary in Hyderabad / Secunderabad ranges between ₹1.5 Lakh to ₹2.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.