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Reliance Nippon Life Insurance Vice President salaries in Mumbai (Updated 2025)

Annual salary range
11 - 24 years exp.
₹16 Lakhs - ₹60 Lakhs
Salary of majority employees
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27% less than the average Vice President Salary in Insurance Companies for 11 - 24 years of experience

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Salaries in different departments

Strategic & Top Management
Vice President Salary
14 - 20 years exp. (6 salaries)
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₹35.2 L/yr - ₹60 L/yr

Finance & Accounting
Vice President Salary
16 - 22 years exp. (4 salaries)
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₹19.5 L/yr - ₹32.8 L/yr

BFSI, Investments & Trading
Vice President Salary
15 - 16 years exp. (3 salaries)
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₹18 L/yr - ₹56 L/yr

Customer Success, Service & Operations
Vice President Salary
20 - 21 years exp. (3 salaries)
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₹25 L/yr - ₹40 L/yr

Sales & Business Development
Vice President Salary
18 - 22 years exp. (3 salaries)
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₹21 L/yr - ₹30 L/yr

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Last Updated: 28 Mar 2025

Companies similar to Reliance Nippon Life Insurance for Vice President in Mumbai

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Reliance Nippon Life Insurance Vice President Salary

11 - 24 years exp. (29 salaries)

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₹16 L/yr - ₹60 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹32.1 L/yr - ₹94 L/yr

arrow icon 83% more
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₹22.3 L/yr - ₹43 L/yr

arrow icon 2% less
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₹28.4 L/yr - ₹65.3 L/yr

arrow icon 30% more
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SBI Life Insurance Company Vice President Salary

10 - 20 years exp. (18 salaries)

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₹20 L/yr - ₹62 L/yr

arrow icon 24% more
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HDFC Life Vice President Salary

12 - 27 years exp. (18 salaries)

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₹26 L/yr - ₹72 L/yr

arrow icon 41% more
4 job openings
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Tata AIA Life Insurance Vice President Salary

15 - 20 years exp. (10 salaries)

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₹31 L/yr - ₹97 L/yr

arrow icon 116% more
2 job openings
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₹42 L/yr - ₹73 L/yr

arrow icon 57% more
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Axis Max Life Insurance Vice President Salary

17 - 23 years exp. (6 salaries)

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₹32 L/yr - ₹79 L/yr

arrow icon 59% more
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₹51 L/yr - ₹97 L/yr

arrow icon 150% more
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₹32 L/yr - ₹38 L/yr

arrow icon 10% more
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Marsh Vice President Salary

5 - 15 years exp. (3 salaries)

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₹25.7 L/yr - ₹37 L/yr

arrow icon 22% less
Vice President salary at Reliance Nippon Life Insurance ranges between ₹16 Lakhs to ₹60 Lakhs per year for employees with experience between 11 years to 24 years. Salary estimates are based on 29 latest salaries received from various employees of Reliance Nippon Life Insurance.

Latest annual salaries shared by Reliance Nippon Life Insurance Vice President in Mumbai

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11 years exp.
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17 years exp.
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21 years exp.
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18 years exp.
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16 years exp.
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12 years exp.
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18 years exp.
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14 years exp.
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24 years exp.
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20 years exp.

Experience wise Reliance Nippon Life Insurance Vice President salaries in Mumbai

Last Updated: 28 Mar 2025

Experience Avg Annual Salary
11 years (AmbitionBox Estimate)

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₹29.7 L/yr - ₹38 L/yr
12 years (AmbitionBox Estimate)

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₹29.9 L/yr - ₹38.2 L/yr
13 years (AmbitionBox Estimate)

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₹30.1 L/yr - ₹38.5 L/yr
14 years  (3 salaries)

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₹16 L/yr - ₹35.2 L/yr
15+ years  (24 salaries)

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₹18 L/yr - ₹60 L/yr

Similar Designation salaries in Reliance Nippon Life Insurance

Deputy Manager Salary
(53 salaries)
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₹3.7 L/yr - ₹14.37 L/yr
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₹13.9 L/yr - ₹32 L/yr
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₹8 L/yr - ₹18.5 L/yr
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₹15 L/yr - ₹31 L/yr
Branch Head Salary
(3 salaries)
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₹8.5 L/yr - ₹10 L/yr
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₹30 L/yr - ₹80 L/yr

Salary related reviews for Reliance Nippon Life Insurance

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Rated by 1 employees for salary & benefits

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.

read more
  • Salary - Excellent
  • +5 more

Dislikes

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

read more

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.

read more

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.

read more

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

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  • 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.

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  • Salary - Poor
  • +1 more

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
see more salary related reviews

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Reliance Nippon Life Insurance Vice President Salary FAQs

What is the salary of Vice President at Reliance Nippon Life Insurance in Mumbai?
The average salary of a Vice President at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹16.0 Lakhs to ₹60.0 Lakhs per year, depending on experience (from 11 years to 24 years).

The top 10% of Vice President in Mumbai at Reliance Nippon Life Insurance earn more than ₹53.5 Lakhs per year, and the top 1% earn over ₹60.0 Lakhs per year. Vice President 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 20+ Reliance Nippon Life Insurance employees in India.
What is the estimated take home salary of a Vice President at Reliance Nippon Life Insurance in Mumbai?
The estimated take-home salary of a Vice President at Reliance Nippon Life Insurance in Mumbai typically ranges from ₹2,09,034 to ₹2,17,348 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹60.0 Lakhs per year for employees with experience ranging from 11 years to 24 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 20+ 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 Vice President in India?
Aditya Birla Health Insurance Co ₹51.0 Lakhs to ₹97.0 Lakhs per year
Tata AIA Life Insurance ₹31.0 Lakhs to ₹97.0 Lakhs per year
ICICI Lombard General Insurance Company ₹32.1 Lakhs to ₹94.0 Lakhs per year
Axis Max Life Insurance ₹32.0 Lakhs to ₹79.0 Lakhs per year
Bajaj Allianz Life Insurance ₹42.0 Lakhs to ₹73.0 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 Vice President in companies similar to Reliance Nippon Life Insurance in Mumbai?
The salary of a Vice President 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:

HDFC Life ₹26.0 Lakhs to ₹72.0 Lakhs per year
HDFC Ergo General Insurance ₹28.4 Lakhs to ₹65.3 Lakhs per year
SBI Life Insurance Company ₹20.0 Lakhs to ₹62.0 Lakhs per year
ICICI Prudential Life Insurance ₹32.0 Lakhs to ₹38.0 Lakhs per year
Kotak Mahindara Life Insurance ₹22.3 Lakhs to ₹43.0 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 Vice President at Reliance Nippon Life Insurance in Mumbai?
The salary growth for a Vice President at Reliance Nippon Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Vice President in Mumbai can expect the following growth trajectory at Reliance Nippon Life Insurance:

Experience Average Salary Range
11 years ₹29.7 Lakhs to ₹38.0 Lakhs per year
12 years ₹29.9 Lakhs to ₹38.2 Lakhs per year
13 years ₹30.1 Lakhs to ₹38.5 Lakhs per year
14 years ₹16.0 Lakhs to ₹35.2 Lakhs per year
and so on.

Tell us how to improve this page.

Reliance Nippon Life Insurance Vice President salary in Mumbai ranges between ₹16 Lakhs to ₹60 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 29 Reliance Nippon Life Insurance latest salaries received from various employees of Reliance Nippon Life Insurance.