Reliance Nippon Life Insurance Mumbai Team Lead Salaries by 7 Employees (Updated 2025)

1 - 7 years exp.

₹2.5 Lakhs - ₹4.6 Lakhs

Salary of majority employees

62% less than the average Team Lead Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

Sales & Business Development Team Lead Salary 2 - 7 years exp. (3 salaries)	₹3.1 L/yr - ₹4.6 L/yr
BFSI, Investments & Trading Team Lead Salary 1 - 7 years exp. (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.8 L/yr
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Product Management Team Lead Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.6 L/yr - ₹3 L/yr

Last Updated: 3 Jan 2025

Companies similar to Reliance Nippon Life Insurance for Team Lead in Mumbai

Reliance Nippon Life Insurance Team Lead Salary

1 - 7 years exp. (7 salaries)

₹2.5 L/yr - ₹4.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Team Lead Salary 1 - 11 years exp. (36 salaries)	₹1.1 L/yr - ₹8.2 L/yr 20% more	1 job opening
HDFC Ergo General Insurance Team Lead Salary 2 - 11 years exp. (18 salaries)	₹2.9 L/yr - ₹5.1 L/yr 49% more
Login to view exact salary
SBI General Insurance Team Lead Salary 2 - 12 years exp. (14 salaries)	₹2.8 L/yr - ₹5 L/yr 20% more
Bajaj Allianz General Insurance Team Lead Salary 3 - 11 years exp. (8 salaries)	₹2.1 L/yr - ₹8.5 L/yr 37% more
Kotak Mahindara Life Insurance Team Lead Salary 2 - 8 years exp. (7 salaries)	₹2.2 L/yr - ₹6 L/yr 29% more
SBI Life Insurance Company Team Lead Salary 4 - 9 years exp. (5 salaries)	₹3.6 L/yr - ₹4.8 L/yr 17% more
HDFC Life Team Lead Salary 5 - 8 years exp. (5 salaries)	₹3.3 L/yr - ₹7 L/yr 24% more
Life Insurance Corporation of India Team Lead Salary 1 - 3 years exp. (4 salaries)	₹1.4 L/yr - ₹2.9 L/yr 25% less
Aditya Birla Health Insurance Co Team Lead Salary 2 - 5 years exp. (4 salaries)	₹4 L/yr - ₹6.5 L/yr 45% more
Star Health & Allied Insurance Team Lead Salary 4 - 9 years exp. (3 salaries)	₹3.3 L/yr - ₹4.5 L/yr 18% more

Team Lead salary at Reliance Nippon Life Insurance ranges between ₹2.5 Lakhs to ₹4.6 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 7 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Team Lead salaries in Mumbai

Last Updated: 3 Jan 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
2 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.8 L/yr
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3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.8 L/yr
4 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
6 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹4 L/yr

View all

Similar Designation salaries in Reliance Nippon Life Insurance

Deputy Manager Salary

(53 salaries)

₹3.7 L/yr - ₹14.37 L/yr

Salary related reviews for Reliance Nippon Life Insurance

5.0

Rated by 1 employees for salary & benefits

Team Lead in Mirza

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 29 Jun 2022

2.0

for Salary and Benefits

Likes

Office Timing is very good.

Job security - Good

Dislikes

In Branch operations employee unnecessary salary cut is very bad culture. And need saturday off twice in a month. Career growth is very slow and no options in operations department.

Salary - Poor

+3 more

Branch Manager in Anantnag

Sales & Business Development Department

4.0

• posted on 23 Jun 2022

5.0

for Salary and Benefits

Likes

Good work culture and environment. Transparent management supportive team. Company policies are good, bonus every month.

Salary - Excellent

+5 more

Dislikes

There is not formal Traning only online tranings and Salary is very low and and its IPM branch.

Branch Manager in Varanasi

BFSI, Investments & Trading Department

5.0

• posted on 27 May 2022

5.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transport

Salary - Excellent

+6 more

Dislikes

There is a lot of policies and the management doesn't adress our issue. Salary is decent but career growth is slow.

Branch Manager in Chennai

Sales & Business Development Department

5.0

• posted on 17 Feb 2020

5.0

for Salary and Benefits

Likes

Excellent

Salary - Excellent

+6 more

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high. Sometimes, I have to work 14-18 hours straight in a day as I have to attend client calls in the evening and sometimes late into the night. Managers do not value an individuals’ unique strengths, which is why I have to take back my suggestions most of the times. I do receive appreciation emails from my client, but they mostly go unnoticed during my mid-year appraisals. Also, there is no on-job training for freshers, hence senior folks like me have to guide them step-by-step, which is a pain sometimes.

Life Insurance Advisor in Indore

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

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.

Salary - Poor

+1 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Reliance Nippon Life Insurance Team Lead Salary FAQs

What is the salary of Team Lead at Reliance Nippon Life Insurance in Mumbai?

The average salary of a Team Lead at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹2.5 Lakhs to ₹4.6 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Team Lead in Mumbai at Reliance Nippon Life Insurance earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹4.6 Lakhs per year. Team Lead 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 7 Reliance Nippon Life Insurance employees in India.

What is the estimated take home salary of a Team Lead at Reliance Nippon Life Insurance in Mumbai?

The estimated take-home salary of a Team Lead at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹24,876 to ₹26,317 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.6 Lakhs per year for employees with experience ranging from 1 year to 7 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 7 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 Team Lead in India?

HDFC Ergo General Insurance	₹2.9 Lakhs to ₹5.1 Lakhs per year
Aditya Birla Health Insurance Co	₹4.0 Lakhs to ₹6.5 Lakhs per year
Bajaj Allianz General Insurance	₹2.1 Lakhs to ₹8.5 Lakhs per year
Kotak Mahindara Life Insurance	₹2.2 Lakhs to ₹6.0 Lakhs per year
HDFC Life	₹3.3 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 Team Lead in companies similar to Reliance Nippon Life Insurance in Mumbai?

The salary of a Team Lead 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	₹1.1 Lakhs to ₹8.2 Lakhs per year
SBI General Insurance	₹2.8 Lakhs to ₹5.0 Lakhs per year
Star Health & Allied Insurance	₹3.3 Lakhs to ₹4.5 Lakhs per year
SBI Life Insurance Company	₹3.6 Lakhs to ₹4.8 Lakhs per year
Life Insurance Corporation of India	₹1.4 Lakhs to ₹2.9 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 Team Lead at Reliance Nippon Life Insurance in Mumbai?

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

Experience	Average Salary Range
1 year	₹2.9 Lakhs to ₹3.7 Lakhs per year
2 years	₹2.9 Lakhs to ₹3.8 Lakhs per year
3 years	₹3.0 Lakhs to ₹3.8 Lakhs per year
4 years	₹3.0 Lakhs to ₹3.9 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Team Lead Salaries in Mumbai

Reliance Nippon Life Insurance Team Lead salary in Mumbai ranges between ₹2.5 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.