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Reliance Nippon Life Insurance

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3.6

based on 2.8k Reviews

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Reliance Nippon Life Insurance Territory Manager salaries in Chennai

Annual salary range
6 - 16 years exp.
₹4.5 Lakhs - ₹7.6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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20% less than the average Territory Manager Salary in Insurance Companies for 6 - 16 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Territory Manager Salary
6 - 16 years exp. (4 salaries)
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₹4.5 L/yr - ₹8.8 L/yr

Customer Success, Service & Operations
Territory Manager Salary
16 years exp. (AmbitionBox Estimate)
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₹4.8 L/yr - ₹6.5 L/yr

Last Updated: 19 May 2023

Companies similar to Reliance Nippon Life Insurance for Territory Manager in Chennai

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Reliance Nippon Life Insurance Territory Manager Salary

6 - 16 years exp. (5 salaries)
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₹4.5 L/yr - ₹7.6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Life Territory Manager Salary

9 - 18 years exp. (14 salaries)
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₹11.4 L/yr - ₹17 L/yr

arrow icon 122% more
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Bajaj Allianz Life Insurance Territory Manager Salary

5 - 18 years exp. (7 salaries)
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₹6 L/yr - ₹10.6 L/yr

arrow icon 3% less
 3 job openings
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Tata AIA Life Insurance Territory Manager Salary

7 - 10 years exp. (4 salaries)
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₹6 L/yr - ₹7.3 L/yr

arrow icon 7% more
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IDFC FIRST Bank Territory Manager Salary

1 - 12 years exp. (51 salaries)
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₹4.8 L/yr - ₹12 L/yr

arrow icon 24% more
 14 job openings
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HDB Financial Services Territory Manager Salary

3 - 15 years exp. (30 salaries)
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₹3.2 L/yr - ₹6.7 L/yr

arrow icon 21% less
 23 job openings
Territory Manager salary at Reliance Nippon Life Insurance ranges between ₹4.5 Lakhs to ₹7.6 Lakhs per year for employees with experience between 6 years to 16 years. Salary estimates are based on 5 latest salaries received from various employees of Reliance Nippon Life Insurance.

Latest annual salaries shared by Reliance Nippon Life Insurance Territory Manager in Chennai

1y ago
₹6.5 Lakhs
16 years exp.

Experience wise Reliance Nippon Life Insurance Territory Manager salaries in Chennai

Last Updated: 19 May 2023

Experience Avg Annual Salary
6 years  (3 salaries)

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₹4.5 L/yr - ₹6.5 L/yr
7 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7 L/yr
8 years (AmbitionBox Estimate)

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₹5.6 L/yr - ₹7.1 L/yr
9 years (AmbitionBox Estimate)

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₹5.7 L/yr - ₹7.3 L/yr
10 years (AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr
View all
Reliance Nippon Life Insurance Territory Manager Salary and Career Growth

From

To

Territory Manager

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5 - 17 years exp.

Senior Territory Manager

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9 - 22 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Reliance Nippon Life Insurance

Relationship Manager Salary
(10 salaries)
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₹2.05 L/yr - ₹6 L/yr
Senior Territory Manager Salary
(4 salaries)
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₹10 L/yr - ₹12 L/yr

Salary related reviews for Reliance Nippon Life Insurance

Territory Manager in Anantapur

BFSI, Investments & Trading Department

5.0
  •  posted on 18 Mar 2019
4.0
 for  Salary and Benefits

Likes

Career ar Reliance life insurance is amazing. Company identifies truly potential people and give career growth without any time limit. My career is example. In 2 years i have grown from customer care executive to Territory branch manager which is still like a dream that would never happen..

read more
  • Salary - Good
    • +4 more

Dislikes

Career growth is decent but compensation is slow. Managers do not value an individual's unique strengths which is why I have to take back my suggestion most of the times.

read more

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

read more
  • 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

read more
  • 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

read more
  • Skill development - Bad
    • +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

read more
  • Salary - Excellent
    • +5 more

Dislikes

The Branch Manager of Goalpara Branch is neither a good leader nor a good human being

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

read more

Dislikes

...salay cuts at many levels however the earning incentive having lots of clou ses. And monthly compensation change every week

read more
  • Salary - Bad
    • +5 more
see more salary related reviews

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New offer. Confused.
My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?
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Reliance Nippon Life Insurance Territory Manager Salary FAQs

What is the salary of Territory Manager at Reliance Nippon Life Insurance in Chennai?
The average salary of a Territory Manager at Reliance Nippon Life Insurance in Chennai typically ranges from ₹4.5 Lakhs to ₹7.6 Lakhs per year, depending on experience (from 6 years to 16 years).

The top 10% of Territory Manager in Chennai at Reliance Nippon Life Insurance earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Territory 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 5 Reliance Nippon Life Insurance employees in India.
What is the estimated take home salary of a Territory Manager at Reliance Nippon Life Insurance in Chennai?
The estimated take-home salary of a Territory Manager at Reliance Nippon Life Insurance in Chennai typically ranges from ₹51,024 to ₹52,228 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹7.6 Lakhs per year for employees with experience ranging from 6 years to 16 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 5 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 Territory Manager in India?
HDFC Life ₹11.4 Lakhs to ₹17.0 Lakhs per year
IDFC FIRST Bank ₹4.8 Lakhs to ₹12.0 Lakhs per year
Tata AIA Life Insurance ₹6.0 Lakhs to ₹7.3 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 Territory Manager in companies similar to Reliance Nippon Life Insurance in Chennai?
The salary of a Territory Manager at companies similar to Reliance Nippon Life Insurance in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Bajaj Allianz Life Insurance ₹6.0 Lakhs to ₹10.6 Lakhs per year
HDB Financial Services ₹3.2 Lakhs to ₹6.7 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 Territory Manager at Reliance Nippon Life Insurance in Chennai?
The salary growth for a Territory Manager at Reliance Nippon Life Insurance in Chennai depends on factors such as experience, performance, and promotions. On average, a Territory Manager in Chennai can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
6 years ₹4.5 Lakhs to ₹6.5 Lakhs per year
7 years ₹5.5 Lakhs to ₹7.0 Lakhs per year
8 years ₹5.6 Lakhs to ₹7.1 Lakhs per year
9 years ₹5.7 Lakhs to ₹7.3 Lakhs per year
and so on.

Tell us how to improve this page.

Reliance Nippon Life Insurance Territory Manager salary in Chennai ranges between ₹4.5 Lakhs to ₹7.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.