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

Annual salary range
1 - 6 years exp.
₹2 Lakhs - ₹4.2 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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41% less than the average Senior Executive Salary in Insurance Companies for 1 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Senior Executive Salary
4 - 6 years exp. (5 salaries)
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₹2.5 L/yr - ₹4.2 L/yr

Finance & Accounting
Senior Executive Salary
4 - 6 years exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.6 L/yr

Administration & Facilities
Senior Executive Salary
5 - 6 years exp. (AmbitionBox Estimate)
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₹3.3 L/yr - ₹4 L/yr

Customer Success, Service & Operations
Senior Executive Salary
1 year exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.1 L/yr

Last Updated: 25 Feb 2025

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

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Reliance Nippon Life Insurance Senior Executive Salary

1 - 6 years exp. (13 salaries)

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₹2 L/yr - ₹4.2 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2.2 L/yr - ₹5.6 L/yr

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Tata AIA Life Insurance Senior Executive Salary

3 - 11 years exp. (80 salaries)

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₹3.1 L/yr - ₹10.3 L/yr

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1 job opening
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PNB MetLife Senior Executive Salary

0 - 9 years exp. (41 salaries)

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₹2.9 L/yr - ₹4.8 L/yr

arrow icon 18% more
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HDFC Life Senior Executive Salary

0 - 9 years exp. (39 salaries)

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₹2.1 L/yr - ₹4.9 L/yr

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₹3.8 L/yr - ₹7 L/yr

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7 job openings
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SBI General Insurance Senior Executive Salary

4 - 11 years exp. (28 salaries)

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₹3.1 L/yr - ₹6 L/yr

arrow icon 55% more
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₹2.6 L/yr - ₹4.4 L/yr

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₹2.7 L/yr - ₹6.6 L/yr

arrow icon 44% more
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₹2 L/yr - ₹4.1 L/yr

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₹3.5 L/yr - ₹5.7 L/yr

arrow icon 51% more
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₹3.5 L/yr - ₹5.3 L/yr

arrow icon 28% more
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₹3.1 L/yr - ₹4.6 L/yr

arrow icon 20% more
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₹3.5 L/yr - ₹5.5 L/yr

arrow icon 49% more
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₹3.6 L/yr - ₹5.4 L/yr

arrow icon 22% more
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₹3 L/yr - ₹3.5 L/yr

arrow icon 2% more
Senior Executive salary at Reliance Nippon Life Insurance ranges between ₹2 Lakhs to ₹4.2 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 13 latest salaries received from various employees of Reliance Nippon Life Insurance.

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

1mo ago
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5 years exp.
8mo ago
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6 years exp.
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1 year exp.
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4 years exp.

Experience wise Reliance Nippon Life Insurance Senior Executive salaries in Mumbai

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.7 L/yr - ₹3.4 L/yr
2 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.5 L/yr
3 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
4 years  (3 salaries)

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₹2.5 L/yr - ₹3.5 L/yr
5 years  (3 salaries)

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₹1.3 L/yr - ₹4.2 L/yr
View all

Similar Designation salaries in Reliance Nippon Life Insurance

Deputy Manager Salary
(53 salaries)
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₹3.7 L/yr - ₹14.37 L/yr

Salary related reviews for Reliance Nippon Life Insurance

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 16 Mar 2025

2.0
 for  Salary and Benefits

Likes

I have a love-hate relationship with working here because I learn something new every day. Whether it’s the latest updates, training sessions, new products, or communication skills training, there’s always something valuable to gain. Plus, the amazing deals make it even better. As I’m so comfortable too cuz of good faculty and better understanding between colleagues and senior staff that helps me very well to manage home and office both

read more
  • Skill development - Excellent
  • +4 more

Dislikes

...n. Promotion is extremely difficult to achieve, and there is a risk of demotion. Additionally, salary increases are minimal and progress very slowly, which can be discouraging for those looking to advance financially.

read more
  • Salary - Poor
  • +1 more

Full Time

 · 

Human Resources Department

1.0
  •  posted on 07 Feb 2025

2.0
 for  Salary and Benefits

Likes

Nothing as such. Old people having good knowledge but the current management doe’s let them work.

Dislikes

They have a policy of deducting salary of Sales executives from the 2nd month on non achieving of targets from doj. Which is terrible. Salary not getting credited on time. Demotions happens if not working well for 1 month even. Worst place to work.

read more
  • Salary - Poor
  • +6 more

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

read more
  • Salary - Poor
  • +6 more

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 .

read more
  • Salary - Bad
  • +6 more

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

read more
  • Salary - Bad
  • +5 more
see more salary related reviews

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Reliance Nippon Life Insurance Senior Executive Salary FAQs

What is the salary of Senior Executive at Reliance Nippon Life Insurance in Mumbai?
The average salary of a Senior Executive at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹2.0 Lakhs to ₹4.2 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Senior Executive in Mumbai at Reliance Nippon Life Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.2 Lakhs per year. Senior 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 Senior Executive at Reliance Nippon Life Insurance in Mumbai?
The estimated take-home salary of a Senior Executive at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹23,086 to ₹24,553 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹4.2 Lakhs per year for employees with experience ranging from 1 year to 6 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 Senior Executive in India?
Tata AIA Life Insurance ₹3.1 Lakhs to ₹10.3 Lakhs per year
Bajaj Allianz General Insurance ₹3.8 Lakhs to ₹7.0 Lakhs per year
SBI General Insurance ₹3.1 Lakhs to ₹6.0 Lakhs per year
SBI Life Insurance Company ₹3.5 Lakhs to ₹5.7 Lakhs per year
Bajaj Allianz Life Insurance ₹3.5 Lakhs to ₹5.5 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 Senior Executive in companies similar to Reliance Nippon Life Insurance in Mumbai?
The salary of a Senior 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:

ICICI Lombard General Insurance Company ₹2.7 Lakhs to ₹6.6 Lakhs per year
HDFC Ergo General Insurance ₹2.2 Lakhs to ₹5.6 Lakhs per year
ICICI Prudential Life Insurance ₹3.5 Lakhs to ₹5.3 Lakhs per year
Kotak Mahindara Life Insurance ₹3.6 Lakhs to ₹5.4 Lakhs per year
Star Health & Allied Insurance ₹3.1 Lakhs to ₹4.6 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 Senior Executive at Reliance Nippon Life Insurance in Mumbai?
The salary growth for a Senior Executive at Reliance Nippon Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Executive in Mumbai can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
1 year ₹2.7 Lakhs to ₹3.4 Lakhs per year
2 years ₹2.8 Lakhs to ₹3.5 Lakhs per year
3 years ₹2.8 Lakhs to ₹3.6 Lakhs per year
4 years ₹2.5 Lakhs to ₹3.5 Lakhs per year
and so on.

Tell us how to improve this page.

Reliance Nippon Life Insurance Senior Executive salary in Mumbai ranges between ₹2 Lakhs to ₹4.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 13 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.