Reliance Nippon Life Insurance Mumbai Senior Territory Manager Salaries by 3 Employees (Updated 2025)

10 - 22 years exp.

₹10.1 Lakhs - ₹13 Lakhs

Low Confidence

Salary of majority employees

20% more than the average Senior Territory Manager Salary in Insurance Companies for 10 - 22 years of experience

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Salaries in different departments

BFSI, Investments & Trading Senior Territory Manager Salary 10 - 22 years exp. (AmbitionBox Estimate)	₹8.5 L/yr - ₹11 L/yr
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Sales & Business Development Senior Territory Manager Salary 18 years exp. (AmbitionBox Estimate)	₹10.4 L/yr - ₹13 L/yr

Last Updated: 16 Mar 2023

Companies similar to Reliance Nippon Life Insurance for Senior Territory Manager in Mumbai

Reliance Nippon Life Insurance Senior Territory Manager Salary

10 - 22 years exp. (3 salaries)

₹10.1 L/yr - ₹13 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Life Senior Territory Manager Salary 10 - 13 years exp. (3 salaries)	₹5.9 L/yr - ₹12.2 L/yr 13% less
Bajaj Allianz Life Insurance Senior Territory Manager Salary 8 - 18 years exp. (7 salaries)	₹8 L/yr - ₹8.1 L/yr 23% less
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Diversey India Hygiene Senior Territory Manager Salary 7 - 13 years exp. (16 salaries)	₹8.8 L/yr - ₹14 L/yr 24% more
Diversey Senior Territory Manager Salary 5 - 9 years exp. (8 salaries)	₹9 L/yr - ₹13 L/yr 4% less
CARS24 Senior Territory Manager Salary 5 - 10 years exp. (7 salaries)	₹13.7 L/yr - ₹20.5 L/yr 75% more

Senior Territory Manager salary at Reliance Nippon Life Insurance ranges between ₹10.1 Lakhs to ₹13 Lakhs per year for employees with experience between 10 years to 22 years. Salary estimates are based on 3 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Senior Territory Manager salaries in Mumbai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹10.1 L/yr
11 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
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12 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 L/yr
13 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
14 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr
15+ years (AmbitionBox Estimate)	₹11 L/yr - ₹13 L/yr

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Similar Designation salaries in Reliance Nippon Life Insurance

Deputy Manager Salary

(50 salaries)

₹3.7 L/yr - ₹12 L/yr

Area Manager Salary

(5 salaries)

₹13 L/yr - ₹18.09 L/yr

Cluster Manager Salary

(4 salaries)

₹7.8 L/yr - ₹15 L/yr

Regional Manager Salary

(3 salaries)

₹19 L/yr - ₹20 L/yr

Salary related reviews for Reliance Nippon Life Insurance

3.3

Rated by 3 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

2w (edited)

a senior quality lead

Offer letter - Accepted

Hi, I'm currently drawing a salary of 27.7 (25.3 is fixed) LPA in my current organization and I got a new offer for 39LPA (33.3 is fixed and 1L joining bonus total 40) I'm almost going to complete by 2 years in my current organization and overall I have 11 years experience as QA. How do you rate this salary jump?

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Reliance Nippon Life Insurance Senior Territory Manager Salary FAQs

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

According to AmbitionBox, 100% of the Reliance Nippon Life Insurance Senior Territory Managers in Mumbai reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Reliance Nippon Life Insurance Senior Territory Manager Salaries in Mumbai

Reliance Nippon Life Insurance Senior Territory Manager salary in Mumbai ranges between ₹10.1 Lakhs to ₹13 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.