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Reliance Nippon Life Insurance Sr BDM salaries in India

Annual salary range
3 - 11 years exp.
₹4.3 Lakhs - ₹6.6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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39% less than the average Sr BDM Salary in Insurance Companies for 3 - 11 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Reliance Nippon Life Insurance for Sr BDM

Company name Avg Annual Salary Open Jobs
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ICICI Prudential Life Insurance Sr BDM Salary

0 - 13 years exp. (3 salaries)

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₹4 L/yr - ₹4.5 L/yr

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HDFC Life Sr BDM Salary

2 - 13 years exp. (4 salaries)

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₹3.2 L/yr - ₹4 L/yr

arrow icon 34% less
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SBI Life Insurance Company Sr BDM Salary

5 - 13 years exp. (165 salaries)

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₹3 L/yr - ₹8.2 L/yr

arrow icon 13% more
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Axis Max Life Insurance Sr BDM Salary

11 - 17 years exp. (4 salaries)

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₹7.8 L/yr - ₹11 L/yr

arrow icon 70% more
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Bajaj Allianz Life Insurance Sr BDM Salary

3 - 19 years exp. (20 salaries)

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₹4.3 L/yr - ₹4.8 L/yr

arrow icon 9% less
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Aditya Birla Sun Life Insurance Sr BDM Salary

9 - 15 years exp. (4 salaries)

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₹10.3 L/yr - ₹12 L/yr

arrow icon 127% more
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SBI General Insurance Sr BDM Salary

5 - 13 years exp. (33 salaries)

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₹3.8 L/yr - ₹7 L/yr

arrow icon 4% more
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₹4 L/yr - ₹9 L/yr

arrow icon 15% more
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₹4 L/yr - ₹6 L/yr

At par
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Shriram Life Insurance Sr BDM Salary

6 - 8 years exp. (4 salaries)

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₹2.8 L/yr - ₹3.2 L/yr

arrow icon 41% less
Sr BDM salary at Reliance Nippon Life Insurance ranges between ₹4.3 Lakhs to ₹6.6 Lakhs per year for employees with experience between 3 years to 11 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Latest annual salaries shared by Reliance Nippon Life Insurance Sr BDM

1y ago
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3 years exp.
1y ago
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5 years exp.

Experience wise Reliance Nippon Life Insurance Sr BDM salaries

Last Updated: 15 Mar 2023

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.9 L/yr
4 years (AmbitionBox Estimate)

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₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
11 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.6 L/yr

Salary related reviews for Reliance Nippon Life Insurance

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

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 29 Jul 2023

3.0
 for  Salary and Benefits

Likes

The work life balance here in reliance is excellent. No unnecessary pressure is put up on you. Proper training and induction is conducted when you join the company. The incentive structure is very nice compared toother organizations.

read more
  • Skill development - Good
  • +3 more

Dislikes

There is no appraisal criteria here. Only way to increase your salary is tthrough promotions and which sometime is difficult to achieve .

read more
  • Promotions - Poor
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Reliance Nippon Life Insurance Sr BDM Salary FAQs

What is the salary of Sr BDM at Reliance Nippon Life Insurance ?
The average salary of a Sr BDM at Reliance Nippon Life Insurance in India typically ranges from ₹4.3 Lakhs to ₹6.6 Lakhs per year, depending on experience (from 3 years to 11 years).

The top 10% of Sr BDM at Reliance Nippon Life Insurance earn more than ₹6.6 Lakhs per year, and the top 1% earn over ₹6.6 Lakhs per year. Sr BDM 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 4 Reliance Nippon Life Insurance employees in India.
What is the estimated take home salary of a Sr BDM at Reliance Nippon Life Insurance in India?
The estimated take-home salary of a Sr BDM at Reliance Nippon Life Insurance in India typically ranges from ₹37,564 to ₹38,765 per month. This is based on the average salary range of ₹4.3 Lakhs to ₹6.6 Lakhs per year for employees with experience ranging from 3 years to 11 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 4 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 Sr BDM in India?
Aditya Birla Sun Life Insurance ₹10.3 Lakhs to ₹12.0 Lakhs per year
Axis Max Life Insurance ₹7.8 Lakhs to ₹11.0 Lakhs per year
ICICI Lombard General Insurance Company ₹4.0 Lakhs to ₹9.0 Lakhs per year
SBI Life Insurance Company ₹3.0 Lakhs to ₹8.2 Lakhs per year
SBI General Insurance ₹3.8 Lakhs to ₹7.0 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 Sr BDM in companies similar to Reliance Nippon Life Insurance in India?
The salary of a Sr BDM 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:

Bajaj Allianz General Insurance ₹4.0 Lakhs to ₹6.0 Lakhs per year
Bajaj Allianz Life Insurance ₹4.3 Lakhs to ₹4.8 Lakhs per year
ICICI Prudential Life Insurance ₹4.0 Lakhs to ₹4.5 Lakhs per year
HDFC Life ₹3.2 Lakhs to ₹4.0 Lakhs per year
Shriram Life Insurance ₹2.8 Lakhs to ₹3.2 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 Sr BDM at Reliance Nippon Life Insurance in India?
The salary growth for a Sr BDM at Reliance Nippon Life Insurance depends on factors such as experience, performance, and promotions. On average, a Sr BDM can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
3 years ₹3.8 Lakhs to ₹4.9 Lakhs per year
4 years ₹3.9 Lakhs to ₹5.0 Lakhs per year
5 years ₹4.3 Lakhs to ₹5.5 Lakhs per year
11 years ₹5.9 Lakhs to ₹7.6 Lakhs per year
and so on.

Tell us how to improve this page.

Reliance Nippon Life Insurance Sr BDM salary in India ranges between ₹4.3 Lakhs to ₹6.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.