Reliance Nippon Life Insurance Team Manager Salaries by 4 Employees (Updated 2025)

1 - 10 years exp.

₹6.9 Lakhs - ₹11.5 Lakhs

Low Confidence

Salary of majority employees

53% less than the average Team Manager Salary in Insurance Companies for 1 - 10 years of experience

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Last Updated: 8 Mar 2025

Companies similar to Reliance Nippon Life Insurance for Team Manager

Company name	Avg Annual Salary	Open Jobs
Gallagher Team Manager Salary 7 - 14 years exp. (210 salaries)	₹4.3 L/yr - ₹14 L/yr 13% more
HDFC Life Team Manager Salary 1 - 10 years exp. (28 salaries)	₹3.5 L/yr - ₹7.3 L/yr 11% less
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ICICI Lombard General Insurance Company Team Manager Salary 2 - 16 years exp. (20 salaries)	₹2.5 L/yr - ₹11 L/yr 6% less
Star Health & Allied Insurance Team Manager Salary 1 - 8 years exp. (17 salaries)	₹3 L/yr - ₹7.8 L/yr 41% less
Bajaj Allianz Life Insurance Team Manager Salary 0 - 10 years exp. (15 salaries)	₹2.2 L/yr - ₹11.1 L/yr 10% less
ICICI Prudential Life Insurance Team Manager Salary 1 - 8 years exp. (12 salaries)	₹3.8 L/yr - ₹9.6 L/yr 9% more
MetLife Team Manager Salary 5 - 17 years exp. (12 salaries)	₹13.7 L/yr - ₹34.4 L/yr 200% more
HDFC Ergo General Insurance Team Manager Salary 2 - 10 years exp. (12 salaries)	₹5.8 L/yr - ₹12.4 L/yr 2% less
Kotak Mahindara Life Insurance Team Manager Salary 0 - 7 years exp. (12 salaries)	₹1.2 L/yr - ₹7.5 L/yr 33% less
SBI Life Insurance Company Team Manager Salary 3 - 19 years exp. (11 salaries)	₹7.5 L/yr - ₹15 L/yr 62% more
Bajaj Allianz General Insurance Team Manager Salary 2 - 13 years exp. (10 salaries)	₹2.8 L/yr - ₹12 L/yr 12% less
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Axis Max Life Insurance Team Manager Salary 6 - 13 years exp. (9 salaries)	₹5.7 L/yr - ₹11.3 L/yr 46% more
Tata AIA Life Insurance Team Manager Salary 4 - 15 years exp. (9 salaries)	₹4 L/yr - ₹16.7 L/yr 29% more
Marsh Team Manager Salary 4 - 15 years exp. (8 salaries)	₹7.8 L/yr - ₹24.8 L/yr 127% more
SBI General Insurance Team Manager Salary 0 - 7 years exp. (7 salaries)	₹3.2 L/yr - ₹11.6 L/yr 12% less
PNB MetLife Team Manager Salary 2 - 11 years exp. (7 salaries)	₹4 L/yr - ₹15 L/yr 10% more	1 job opening
Aditya Birla Sun Life Insurance Team Manager Salary 3 - 11 years exp. (5 salaries)	₹5.5 L/yr - ₹12.3 L/yr 6% more
AXA Team Manager Salary 8 - 15 years exp. (5 salaries)	₹25 L/yr - ₹48 L/yr 322% more
AIG Team Manager Salary 5 - 14 years exp. (5 salaries)	₹11.5 L/yr - ₹30 L/yr 135% more
Shriram Life Insurance Team Manager Salary 4 - 16 years exp. (4 salaries)	₹2.5 L/yr - ₹14 L/yr 4% more

View all

Team Manager salary at Reliance Nippon Life Insurance ranges between ₹6.9 Lakhs to ₹11.5 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Team Manager salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.7 L/yr - ₹10.9 L/yr
2 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.2 L/yr
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3 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹9.5 L/yr
4 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹11.5 L/yr
5 years (AmbitionBox Estimate)	₹7.4 L/yr - ₹9.4 L/yr
6 years (AmbitionBox Estimate)	₹7.1 L/yr - ₹9.1 L/yr
7 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹8.8 L/yr
8 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.6 L/yr
9 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹8.3 L/yr
10 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹12.5 L/yr

View all

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Salary related reviews for Reliance Nippon Life Insurance

4.9

Rated by 2 employees for salary & benefits

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.

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 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.

Relationship Manager in New Delhi

BFSI, Investments & Trading Department

3.0

• posted on 01 Feb 2022

3.0

for Salary and Benefits

Likes

Here when I started with company I got to know company has no enough data to call customer for advising any policy we need to visit our family members house only for selling policies its better to be a agent as we needs to sell policy to our family or pay out is heigh there

Dislikes

No compensation for home visit like petrol expanse in 30k salary we need to visit customer home for meeting on own expense

Job security - Poor

+4 more

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.

see more salary related reviews

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Reliance Nippon Life Insurance Team Manager Salary FAQs

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

The average salary of a Team Manager at Reliance Nippon Life Insurance in India typically ranges from ₹6.9 Lakhs to ₹11.5 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Team Manager at Reliance Nippon Life Insurance earn more than ₹11.5 Lakhs per year, and the top 1% earn over ₹11.5 Lakhs per year. Team 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 4 Reliance Nippon Life Insurance employees in India.

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

The estimated take-home salary of a Team Manager at Reliance Nippon Life Insurance in India typically ranges from ₹56,927 to ₹58,356 per month. This is based on the average salary range of ₹6.9 Lakhs to ₹11.5 Lakhs per year for employees with experience ranging from 1 year to 10 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 Team Manager in India?

AXA	₹25.0 Lakhs to ₹48.0 Lakhs per year
MetLife	₹13.7 Lakhs to ₹34.4 Lakhs per year
Allianz	₹5.8 Lakhs to ₹29.6 Lakhs per year
Principal Global Services	₹11.0 Lakhs to ₹29.3 Lakhs per year
AIG	₹11.5 Lakhs to ₹30.0 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 Manager in companies similar to Reliance Nippon Life Insurance in India?

The salary of a Team 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:

Marsh	₹7.8 Lakhs to ₹24.8 Lakhs per year
SBI Life Insurance Company	₹7.5 Lakhs to ₹15.0 Lakhs per year
Axis Max Life Insurance	₹5.7 Lakhs to ₹11.3 Lakhs per year
Aditya Birla Health Insurance Co	₹6.5 Lakhs to ₹16.2 Lakhs per year
Tata AIA Life Insurance	₹4.0 Lakhs to ₹16.7 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 Manager at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹3.7 Lakhs to ₹10.9 Lakhs per year
2 years	₹8.0 Lakhs to ₹10.2 Lakhs per year
3 years	₹3.5 Lakhs to ₹9.5 Lakhs per year
4 years	₹3.4 Lakhs to ₹11.5 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Team Manager Salaries

Reliance Nippon Life Insurance Team Manager salary in India ranges between ₹6.9 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.