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

12 - 16 years exp.

₹6.5 Lakhs - ₹7 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

9% less than the average Territory Sales Manager Salary in Insurance Companies for 12 - 16 years of experience

Interested in this particular role?

Last Updated: 15 Feb 2025

Companies similar to Reliance Nippon Life Insurance for Territory Sales Manager

Company name	Avg Annual Salary	Open Jobs
Tata AIA Life Insurance Territory Sales Manager Salary 5 - 14 years exp. (408 salaries)	₹3.8 L/yr - ₹11 L/yr 14% more	2 job openings
PNB MetLife Territory Sales Manager Salary 4 - 13 years exp. (224 salaries)	₹3.7 L/yr - ₹8 L/yr 19% less
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SBI General Insurance Territory Sales Manager Salary 6 - 15 years exp. (51 salaries)	₹4 L/yr - ₹10.8 L/yr 10% more
Bajaj Allianz General Insurance Territory Sales Manager Salary 2 - 13 years exp. (31 salaries)	₹2.6 L/yr - ₹6.5 L/yr 31% less
ICICI Lombard General Insurance Company Territory Sales Manager Salary 0 - 10 years exp. (21 salaries)	₹4.5 L/yr - ₹13 L/yr 8% more
HDFC Ergo General Insurance Territory Sales Manager Salary 1 - 16 years exp. (17 salaries)	₹4 L/yr - ₹7.2 L/yr 22% less
HDFC Life Territory Sales Manager Salary 2 - 21 years exp. (16 salaries)	₹3.9 L/yr - ₹16 L/yr 42% more
SBI Life Insurance Company Territory Sales Manager Salary 5 - 16 years exp. (9 salaries)	₹5.2 L/yr - ₹6 L/yr 21% less
Bajaj Allianz Life Insurance Territory Sales Manager Salary 5 - 15 years exp. (9 salaries)	₹4.9 L/yr - ₹9.1 L/yr 4% less	1 job opening
Aditya Birla Health Insurance Co Territory Sales Manager Salary 9 - 13 years exp. (5 salaries)	₹9.3 L/yr - ₹12.5 L/yr 67% more
ICICI Prudential Life Insurance Territory Sales Manager Salary 3 - 10 years exp. (4 salaries)	₹5 L/yr - ₹10.9 L/yr 8% less
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Aditya Birla Sun Life Insurance Territory Sales Manager Salary 7 years exp. (3 salaries)	₹7 L/yr - ₹10 L/yr 19% more
Kotak Mahindara Life Insurance Territory Sales Manager Salary 6 - 20 years exp. (4 salaries)	₹4.8 L/yr - ₹18 L/yr 21% more
Star Health & Allied Insurance Territory Sales Manager Salary 7 - 17 years exp. (3 salaries)	₹9 L/yr - ₹13.8 L/yr 99% more

Territory Sales Manager salary at Reliance Nippon Life Insurance ranges between ₹6.5 Lakhs to ₹7 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of Reliance Nippon Life Insurance.

Experience wise Reliance Nippon Life Insurance Territory Sales Manager salaries

Last Updated: 15 Feb 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
13 years (AmbitionBox Estimate)	₹6.2 L/yr - ₹7.9 L/yr
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14 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹8 L/yr
15+ years (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.1 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Senior Sales Manager Salary

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Territory Sales Incharge Salary

(AmbitionBox Estimate)

₹4.7 L/yr - ₹6 L/yr

Territory Business Manager Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Territory Manager Salary

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₹4 L/yr - ₹12 L/yr

Senior Territory Sales Manager Salary

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₹6.3 L/yr - ₹8 L/yr

Assistant Sales Manager Salary

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₹1.79 L/yr - ₹3 L/yr

Area Sales Manager Salary

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₹1.8 L/yr - ₹5 L/yr

Senior Sales Officer Salary

(6 salaries)

₹1.8 L/yr - ₹3 L/yr

Sales Manager Salary

(243 salaries)

₹1.5 L/yr - ₹5 L/yr

Deputy Manager Salary

(64 salaries)

₹3.7 L/yr - ₹12.42 L/yr

Salary related reviews for Reliance Nippon Life Insurance

3.8

Rated by 6 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

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

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

Business Development Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 30 Aug 2017

2.0

for Salary and Benefits

Likes

Teammates and Immediate supervisor was excellent

Skill development - Good

Dislikes

You have to only work and there is no such compensation rather the higher management was horrible and worst, they only know how to fill there pockets not the base levels

Salary - Poor

+3 more

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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 Sales Manager Salary FAQs

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

The average salary of a Territory Sales Manager at Reliance Nippon Life Insurance in India typically ranges from ₹6.5 Lakhs to ₹7.0 Lakhs per year, depending on experience (from 12 years to 16 years).

The top 10% of Territory Sales Manager at Reliance Nippon Life Insurance earn more than ₹7.0 Lakhs per year, and the top 1% earn over ₹7.0 Lakhs per year. Territory Sales 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 Territory Sales Manager at Reliance Nippon Life Insurance in India?

The estimated take-home salary of a Territory Sales Manager at Reliance Nippon Life Insurance in India typically ranges from ₹52,741 to ₹53,983 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹7.0 Lakhs per year for employees with experience ranging from 12 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 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 Territory Sales Manager in India?

Star Health & Allied Insurance	₹9.0 Lakhs to ₹13.8 Lakhs per year
Aditya Birla Health Insurance Co	₹9.3 Lakhs to ₹12.5 Lakhs per year
HDFC Life	₹3.9 Lakhs to ₹16.0 Lakhs per year
Kotak Mahindara Life Insurance	₹4.8 Lakhs to ₹18.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹7.0 Lakhs to ₹10.0 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 Territory Sales Manager in companies similar to Reliance Nippon Life Insurance in India?

The salary of a Territory Sales 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:

Tata AIA Life Insurance	₹3.8 Lakhs to ₹11.0 Lakhs per year
SBI General Insurance	₹4.0 Lakhs to ₹10.8 Lakhs per year
ICICI Lombard General Insurance Company	₹4.5 Lakhs to ₹13.0 Lakhs per year
Bajaj Allianz Life Insurance	₹4.9 Lakhs to ₹9.1 Lakhs per year
ICICI Prudential Life Insurance	₹5.0 Lakhs to ₹10.9 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 Territory Sales Manager at Reliance Nippon Life Insurance in India?

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

Experience	Average Salary Range
12 years	₹6.1 Lakhs to ₹7.8 Lakhs per year
13 years	₹6.2 Lakhs to ₹7.9 Lakhs per year
14 years	₹6.3 Lakhs to ₹8.0 Lakhs per year
15 years	₹6.4 Lakhs to ₹8.1 Lakhs per year

and so on.

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Reliance Nippon Life Insurance Territory Sales Manager Salaries

Reliance Nippon Life Insurance Territory Sales Manager salary in India ranges between ₹6.5 Lakhs to ₹7 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.

Reliance Nippon Life Insurance Territory Sales Manager salaries in India (Updated 2025)

Companies similar to Reliance Nippon Life Insurance for Territory Sales Manager

Latest annual salaries shared by Reliance Nippon Life Insurance Territory Sales Manager

Experience wise Reliance Nippon Life Insurance Territory Sales Manager salaries

Similar Designation salaries in Reliance Nippon Life Insurance

Salary related reviews for Reliance Nippon Life Insurance

Senior Territory Manager in Lucknow

Senior Territory Manager in Vadodara

Sales Manager in Goalpara

Senior Territory Manager in Pune

Business Development Manager in Kolkata

Reliance Nippon Life Insurance Territory Sales Manager Salary FAQs

Tell us how to improve this page.