Reliance Nippon Life Insurance Senior Territory Manager Salaries by 90+ Employees (Updated 2025)

15 - 23 years exp.

₹6.5 Lakhs - ₹14 Lakhs

Salary of majority employees

Fixed (100%)

₹10.9 Lakhs

Variable (0%)

₹0.0

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26% more than the average Senior Territory Manager Salary in Insurance Companies for 15 - 23 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Territory Manager Salary 15 - 23 years exp. (51 salaries)	Unlock ₹6.5 L/yr - ₹13.1 L/yr
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Sales & Business Development Senior Territory Manager Salary 15 - 22 years exp. (26 salaries)	Unlock ₹8.7 L/yr - ₹14 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
HDFC Life Senior Territory Manager Salary 6 - 15 years exp. (35 salaries)	Unlock ₹4.2 L/yr - ₹16 L/yr 17% less
SBI Life Insurance Company Senior Territory Manager Salary 7 - 13 years exp. (20 salaries)	Unlock ₹5.3 L/yr - ₹7 L/yr 41% less
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Axis Max Life Insurance Senior Territory Manager Salary 5 - 17 years exp. (4 salaries)	Unlock ₹3.7 L/yr - ₹16 L/yr 10% less
Bajaj Allianz Life Insurance Senior Territory Manager Salary 7 - 18 years exp. (121 salaries)	Unlock ₹6 L/yr - ₹11.9 L/yr 27% less
Tata AIA Life Insurance Senior Territory Manager Salary 7 - 18 years exp. (5 salaries)	Unlock ₹6.4 L/yr - ₹8 L/yr 32% less
PNB MetLife Senior Territory Manager Salary 10 - 18 years exp. (76 salaries)	Unlock ₹7.5 L/yr - ₹13 L/yr 3% less
Bajaj Allianz General Insurance Senior Territory Manager Salary 4 - 14 years exp. (12 salaries)	Unlock ₹4.8 L/yr - ₹7.2 L/yr 43% less
Star Health & Allied Insurance Senior Territory Manager Salary 13 - 21 years exp. (8 salaries)	Unlock ₹15.5 L/yr - ₹22 L/yr 53% more
ICICI Lombard General Insurance Company Senior Territory Manager Salary 8 - 12 years exp. (4 salaries)	Unlock ₹4.7 L/yr - ₹10.5 L/yr 38% less

Senior Territory Manager salary at Reliance Nippon Life Insurance ranges between ₹6.5 Lakhs to ₹14 Lakhs per year for employees with experience between 15 years to 23 years. Salary estimates are based on 91 latest salaries received from various employees of Reliance Nippon Life Insurance.

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

2d ago

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19 years exp.

1w ago

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16 years exp.

1mo ago

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15 years exp.

1mo ago

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15 years exp.

2mo ago

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15 years exp.

3mo ago

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20 years exp.

4mo ago

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21 years exp.

4mo ago

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20 years exp.

5mo ago

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19 years exp.

5mo ago

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20 years exp.

Experience wise Reliance Nippon Life Insurance Senior Territory Manager salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
15+ years (91 salaries)	Unlock ₹6.5 L/yr - ₹14 L/yr
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Similar Designation salaries in Reliance Nippon Life Insurance

Territory Manager Salary

(100 salaries)

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₹4 L/yr - ₹12 L/yr

Senior Sales Manager Salary

(56 salaries)

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₹2.25 L/yr - ₹5 L/yr

Senior Area Sales Manager Salary

(4 salaries)

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₹2.4 L/yr - ₹5.5 L/yr

Regional Manager Salary

(40 salaries)

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₹13 L/yr - ₹27 L/yr

Territory Sales Manager Salary

(4 salaries)

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₹6.5 L/yr - ₹7.27 L/yr

Deputy Manager Salary

(64 salaries)

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₹3.7 L/yr - ₹12.42 L/yr

Senior Sales Officer Salary

(6 salaries)

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₹1.8 L/yr - ₹3 L/yr

Area Sales Manager Salary

(18 salaries)

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₹1.8 L/yr - ₹5 L/yr

Area Manager Salary

(63 salaries)

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₹9.5 L/yr - ₹21.4 L/yr

Cluster Manager Salary

(40 salaries)

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₹5 L/yr - ₹16.03 L/yr

Salary related reviews for Reliance Nippon Life Insurance

3.5

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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2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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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?

Senior Territory Manager salary at Reliance Nippon Life Insurance in India ranges between ₹6.5 Lakhs to ₹14.0 Lakhs for experience between 15 years to 23 years. According to our estimates it is 26% more than the average Senior Territory Manager Salary in India. Salary estimates are based on 91 latest salaries received from various employees of Reliance Nippon Life Insurance India.

How does the salary of a Senior Territory Manager at Reliance Nippon Life Insurance India compare with the average salary range for this job?

The average salary of a Senior Territory Manager at Reliance Nippon Life Insurance is 26% more than the average salary of a Senior Territory Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than Reliance Nippon Life Insurance to a Senior Territory Manager in India?

Star Health & Allied Insurance Senior Territory Manager Salary - ₹15.5 Lakhs to ₹22.0 Lakhs per year

What is the salary of a Senior Territory Manager in companies similar to Reliance Nippon Life Insurance in India?

PNB MetLife Senior Territory Manager Salary - ₹7.5 Lakhs to ₹13.0 Lakhs per year
Axis Max Life Insurance Senior Territory Manager Salary - ₹3.7 Lakhs to ₹16.0 Lakhs per year
HDFC Life Senior Territory Manager Salary - ₹4.2 Lakhs to ₹16.0 Lakhs per year
Bajaj Allianz Life Insurance Senior Territory Manager Salary - ₹6.0 Lakhs to ₹11.9 Lakhs per year
Tata AIA Life Insurance Senior Territory Manager Salary - ₹6.4 Lakhs to ₹8.0 Lakhs per year

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 ranges between ₹77,852 per month to ₹79,874 per month in India. The take-home salary calculation is based on the average Reliance Nippon Life Insurance Senior Territory Manager salary in India which ranges between ₹6.5 Lakhs to ₹14.0 Lakhs per year for employees with experience between 15 years to 23 years. Check how did we calculate take home salary?

What is the notice period for Senior Territory Manager at Reliance Nippon Life Insurance?

According to AmbitionBox, 47% of the Reliance Nippon Life Insurance Senior Territory Managers reported a notice period of 3 Months, 27% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 62 responses on AmbitionBox in last 2 years.

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Reliance Nippon Life Insurance Senior Territory Manager Salaries

Reliance Nippon Life Insurance Senior Territory Manager salary in India ranges between ₹6.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 91 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

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