Reliance Nippon Life Insurance Senior Territory Manager Salaries by 100+ Employees (Updated 2025)

9 - 22 years exp.

₹6.3 Lakhs - ₹14 Lakhs

Avg. annual salary

Monthly In-hand Salary

18% more than the average Senior Territory Manager Salary in Insurance Companies for 9 - 22 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Territory Manager Salary 9 - 22 years exp. (90 salaries)	₹6.3 L/yr - ₹13.1 L/yr
Sales & Business Development Senior Territory Manager Salary 10 - 22 years exp. (40 salaries)	₹7.5 L/yr - ₹14 L/yr
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Marketing & Communication Senior Territory Manager Salary 11 - 18 years exp. (5 salaries)	₹7 L/yr - ₹11.5 L/yr
Customer Success, Service & Operations Senior Territory Manager Salary 19 - 20 years exp. (AmbitionBox Estimate)	₹9.5 L/yr - ₹11.4 L/yr

Last Updated: 5 Mar 2025

Companies similar to Reliance Nippon Life Insurance for Senior Territory Manager

Company name	Avg Annual Salary	Open Jobs
Bajaj Allianz Life Insurance Senior Territory Manager Salary 7 - 18 years exp. (122 salaries)	₹6 L/yr - ₹11.9 L/yr 23% less
PNB MetLife Senior Territory Manager Salary 10 - 18 years exp. (79 salaries)	₹7.5 L/yr - ₹13 L/yr 4% more
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HDFC Life Senior Territory Manager Salary 6 - 15 years exp. (35 salaries)	₹4.2 L/yr - ₹16 L/yr 12% less
SBI Life Insurance Company Senior Territory Manager Salary 7 - 13 years exp. (20 salaries)	₹5.3 L/yr - ₹7 L/yr 38% less
Bajaj Allianz General Insurance Senior Territory Manager Salary 4 - 14 years exp. (12 salaries)	₹4.8 L/yr - ₹7.2 L/yr 40% less
Star Health & Allied Insurance Senior Territory Manager Salary 13 - 21 years exp. (8 salaries)	₹15.5 L/yr - ₹22 L/yr 63% more
Tata AIA Life Insurance Senior Territory Manager Salary 7 - 18 years exp. (5 salaries)	₹6.4 L/yr - ₹8 L/yr 28% less
Axis Max Life Insurance Senior Territory Manager Salary 5 - 17 years exp. (4 salaries)	₹3.7 L/yr - ₹16 L/yr 4% less
ICICI Lombard General Insurance Company Senior Territory Manager Salary 8 - 12 years exp. (4 salaries)	₹4.7 L/yr - ₹10.5 L/yr 34% less

Senior Territory Manager salary at Reliance Nippon Life Insurance ranges between ₹6.3 Lakhs to ₹14 Lakhs per year for employees with experience between 9 years to 22 years. Salary estimates are based on 165 latest salaries received from various employees of Reliance Nippon Life Insurance.

Latest annual salaries shared by Reliance Nippon Life Insurance Senior Territory Manager

1w ago

₹12.8 Lakhs

19 years exp.

2w ago

₹12.3 Lakhs

16 years exp.

1mo ago

₹11 Lakhs

16 years exp.

1mo ago

₹8 Lakhs

15 years exp.

2mo ago

₹10 Lakhs

15 years exp.

3mo ago

15 years exp.

3mo ago

20 years exp.

3mo ago

9 years exp.

4mo ago

20 years exp.

4mo ago

10 years exp.

Experience wise Reliance Nippon Life Insurance Senior Territory Manager salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
9 years (4 salaries)	₹6.3 L/yr - ₹15.8 L/yr
10 years (10 salaries)	₹6.5 L/yr - ₹10.1 L/yr
Login to view exact salary
11 years (9 salaries)	₹7 L/yr - ₹11.7 L/yr
12 years (10 salaries)	₹6.5 L/yr - ₹10.6 L/yr
13 years (11 salaries)	₹6.5 L/yr - ₹10.5 L/yr
14 years (13 salaries)	₹7.3 L/yr - ₹13 L/yr
15+ years (108 salaries)	₹6.5 L/yr - ₹14 L/yr

View all

Similar Designation salaries in Reliance Nippon Life Insurance

Territory Manager Salary

(100 salaries)

₹4 L/yr - ₹12 L/yr

Senior Sales Manager Salary

(56 salaries)

₹2.25 L/yr - ₹5 L/yr

Senior Area Sales Manager Salary

(4 salaries)

₹2.4 L/yr - ₹5.5 L/yr

Regional Manager Salary

(42 salaries)

₹13 L/yr - ₹27 L/yr

Territory Sales Manager Salary

(4 salaries)

₹6.5 L/yr - ₹7 L/yr

Deputy Manager Salary

(64 salaries)

₹3.7 L/yr - ₹12.42 L/yr

Senior Sales Officer Salary

(6 salaries)

₹1.8 L/yr - ₹3 L/yr

Area Sales Manager Salary

(18 salaries)

₹1.8 L/yr - ₹5 L/yr

Area Manager Salary

(86 salaries)

₹9 L/yr - ₹21.4 L/yr

Cluster Manager Salary

(40 salaries)

₹5 L/yr - ₹16.03 L/yr

Salary related reviews for Reliance Nippon Life Insurance

3.4

Rated by 54 employees for salary & benefits

Senior Territory Manager in Lucknow

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

Salary - Poor

+6 more

Senior Territory Manager in Vadodara

Full Time

Agency Sales Department

3.0

• posted on 25 Aug 2022

3.0

for Salary and Benefits

Likes

All Front line manager get their target as per their salary not as per their designation ,treated same as far as performance is concern

Job security - Good

Dislikes

Leadership don't have quick decision power ,no system n process to be followed ,no people development,no learning skill ,there is not a single MIS is accurate so time waste in unproductive matter which can be easily control.Worst part they are not giving appraisal till July n Aug

Skill development - Bad

+2 more

Senior Territory Manager in Pune

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 29 Nov 2020

1.0

for Salary and Benefits

Likes

Work life balance is bad and the middle management is creating poor culture however company policy are good but no employee security involved 24*7 6am to 11 pm with nos of reviews daily

Dislikes

...salay cuts at many levels however the earning incentive having lots of clou ses. And monthly compensation change every week

Salary - Bad

+5 more

Senior Territory Manager in Solapur

BFSI, Investments & Trading Department

3.0

• posted on 24 Dec 2018

3.0

for Salary and Benefits

Likes

Company open to innovation every time new schemes for agents even for employee also. Brand its speaks easily get the customers.

Dislikes

Very low compensation growth is slow work pressure is very high targets not define as per team size and present or last yrs achievemnt due to leadership change everytime team bonding not there.

Skill development - Poor

+2 more

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

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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 Senior Territory Manager Salary FAQs

What is the salary of Senior Territory Manager at Reliance Nippon Life Insurance ?

The average salary of a Senior Territory Manager at Reliance Nippon Life Insurance in India typically ranges from ₹6.3 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 9 years to 22 years).

The top 10% of Senior Territory Manager at Reliance Nippon Life Insurance earn more than ₹12.5 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Senior Territory 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 100+ Reliance Nippon Life Insurance employees in India.

What is the estimated take home salary of a Senior Territory Manager at Reliance Nippon Life Insurance in India?

The estimated take-home salary of a Senior Territory Manager at Reliance Nippon Life Insurance in India typically ranges from ₹73,500 to ₹75,399 per month. This is based on the average salary range of ₹6.3 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 9 years to 22 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 100+ 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 Territory Manager in India?

Star Health & Allied Insurance	₹15.5 Lakhs to ₹22.0 Lakhs per year
PNB MetLife	₹7.5 Lakhs to ₹13.0 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 Territory Manager in companies similar to Reliance Nippon Life Insurance in India?

The salary of a Senior Territory Manager 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:

Axis Max Life Insurance	₹3.7 Lakhs to ₹16.0 Lakhs per year
HDFC Life	₹4.2 Lakhs to ₹16.0 Lakhs per year
Bajaj Allianz Life Insurance	₹6.0 Lakhs to ₹11.9 Lakhs per year
Tata AIA Life Insurance	₹6.4 Lakhs to ₹8.0 Lakhs per year
ICICI Lombard General Insurance Company	₹4.7 Lakhs to ₹10.5 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 Senior Territory Manager at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
9 years	₹6.3 Lakhs to ₹15.8 Lakhs per year
10 years	₹6.5 Lakhs to ₹10.1 Lakhs per year
11 years	₹7.0 Lakhs to ₹11.7 Lakhs per year
12 years	₹6.5 Lakhs to ₹10.6 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Senior Territory Manager Salaries by Location

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Reliance Nippon Life Insurance Senior Territory Manager Salaries

Reliance Nippon Life Insurance Senior Territory Manager salary in India ranges between ₹6.3 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 165 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.

Reliance Nippon Life Insurance Senior Territory Manager salaries in India (Updated 2025)

Companies similar to Reliance Nippon Life Insurance for Senior Territory Manager

Latest annual salaries shared by Reliance Nippon Life Insurance Senior Territory Manager

Experience wise Reliance Nippon Life Insurance Senior Territory Manager salaries

Similar Designation salaries in Reliance Nippon Life Insurance

Salary related reviews for Reliance Nippon Life Insurance

Senior Territory Manager in Lucknow

Senior Territory Manager in Vadodara

Senior Territory Manager in Pune

Senior Territory Manager in Solapur

Sales Manager in Goalpara

Reliance Nippon Life Insurance Senior Territory Manager Salary FAQs

Tell us how to improve this page.

Reliance Nippon Life Insurance Senior Territory Manager Salaries by Location