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INSURANCE / SALARY
Average Salary - Insurance / India INDIA


SALARY SURVEYS

103

UPDATED
May 2024
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

83.19 INR = 1 USD

1,746,282 INR

$20,992 USD
Bangalore

2,114,389 INR

582,316 INR

$7,000 USD
Including "Bangalore"
Excluding "Bangalore"

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Average Salary / Insurance / India

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Average salary for Insurance / India is 1,746,282 INR per year. The most typical earning is 582,316 INR. All data are based on 103 salary surveys. Salaries are different between men and women. Men receive an average salary of 1,788,542 INR. Women receive a salary of 1,563,934 INR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of 3,044,680 INR. The second most paid education level is Some College with salary of 2,670,334 INR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 3,527,171 INR. Employees with 16-20 Years of experience receive 2,894,942 INR.

Levels / Insurance / India (Gross INR)

Salary Levels (INR) per Year Surveys [%]
83,200 INR - 166,299 INR
0 n/a
166,400 INR - 249,499 INR
0 n/a
249,600 INR - 415,899 INR
8 100%
7.77%
THE MOST TYPICAL SALARY
415,900 INR - 831,799 INR
24 92.23%
23.3%
831,900 INR - 1,247,699 INR
16 68.93%
15.53%
1,247,800 INR - 1,663,699 INR
9 53.4%
8.74%
1,663,800 INR - 2,079,599 INR
15 44.66%
14.56%
2,079,700 INR - 2,495,599 INR
9 30.1%
8.74%
2,495,600 INR - 2,911,499 INR
6 21.36%
5.83%
2,911,600 INR - 3,327,399 INR
5 15.53%
4.85%
3,327,500 INR - 3,743,399 INR
2 10.68%
1.94%
3,743,500 INR - 4,159,299 INR
2 8.74%
1.94%
4,159,400 INR - 4,575,299 INR
2 6.8%
1.94%
4,575,300 INR - 4,991,199 INR
1 4.85%
0.97%
4,991,300 INR - 5,407,099 INR
0 n/a
5,407,200 INR - 5,823,099 INR
2 3.88%
1.94%
5,823,200 INR - 6,238,999 INR
1 1.94%
0.97%
6,239,100 INR - 6,654,999 INR
1 0.97%
0.97%
6,655,000 INR - 7,070,899 INR
0 n/a
7,071,000 INR - 7,486,799 INR
0 n/a
7,486,900 INR - 7,902,799 INR
0 n/a
7,902,900 INR - 8,318,699 INR
0 n/a
8,318,800 INR - 8,734,699 INR
0 n/a
8,734,700 INR - 9,150,599 INR
0 n/a
9,150,700 INR - 9,566,499 INR
0 n/a
9,566,600 INR - 9,982,499 INR
0 n/a
9,982,600 INR - 10,398,399 INR
0 n/a
10,398,500 INR - 10,814,399 INR
0 n/a
10,814,400 INR - 11,230,299 INR
0 n/a
11,230,400 INR - 11,646,199 INR
0 n/a
11,646,300 INR - 12,062,199 INR
0 n/a
12,062,300 INR - 12,478,099 INR
0 n/a
HIGH SALARIES
12,478,200 INR - 13,309,999 INR
0 n/a
13,310,100 INR - 14,141,899 INR
0 n/a
14,142,000 INR - 14,973,799 INR
0 n/a
14,973,800 INR - 15,805,599 INR
0 n/a
15,805,700 INR - 16,637,499 INR
0 n/a
16,637,600 INR - 17,469,399 INR
0 n/a
17,469,500 INR - 18,301,299 INR
0 n/a
18,301,400 INR - 19,133,199 INR
0 n/a
19,133,200 INR - 19,964,999 INR
0 n/a
19,965,100 INR - 20,796,899 INR
0 n/a
20,797,000 INR - 29,115,799 INR
0 n/a
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Gender / Insurance / India (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Men 88 1,788,542 INR
2 Women 11 1,563,934 INR

Education / Insurance / India (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Doctorate Degree 6 3,044,680 INR
2 Some College 1 2,670,334 INR
3 Masters Degree 42 2,154,569 INR
4 Bachelors Degree 49 1,339,326 INR
5 High School 5 540,722 INR

Experience / Insurance / India (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 20+ Years 4 3,527,171 INR
2 16-20 Years 7 2,894,942 INR
3 12-16 Years 15 2,104,656 INR
4 8-12 Years 33 1,821,817 INR
5 0-1 Year 1 1,514,021 INR
6 2-4 Years 13 1,364,283 INR
7 4-8 Years 25 1,172,950 INR
8 1-2 Years 5 1,073,125 INR

Age / Insurance / India (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 46-50 2 5,290,757 INR
2 36-40 18 2,404,133 INR
3 31-35 33 1,863,411 INR
4 41-45 9 1,655,441 INR
5 21-25 9 1,314,370 INR
6 n/a 4 1,314,370 INR
7 26-30 28 1,164,632 INR

Work Type / Insurance / India (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Part Time 2 2,237,757 INR
2 Permanent 93 1,813,498 INR
3 Contract 6 848,517 INR
4 Self Employed 2 781,967 INR

Cities / Insurance / India (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Delhi 14 2,304,307 INR
2 Bangalore 20 2,112,975 INR
3 Gwalior 1 1,996,512 INR
4 Ahmedabad 1 1,896,686 INR
5 Navi Mumbai 1 1,863,411 INR
6 Mumbai 31 1,813,498 INR
7 --Other-- 5 1,730,310 INR
8 Chennai 5 1,688,716 INR
9 Hyderabad 5 1,638,803 INR
10 Pune 4 1,239,501 INR
11 Thane 2 1,131,356 INR
12 Calcutta 3 1,098,081 INR
13 Chandigarh 2 973,299 INR
14 Faridabad 1 931,705 INR
15 Pimpri-Chinchwad 1 840,198 INR
16 Aurangabad 1 748,692 INR
17 Agra 1 665,504 INR
18 Vijayawada 1 582,316 INR
19 Bhopal 1 540,722 INR
20 Lucknow 1 490,809 INR
21 Coimbatore 1 399,302 INR
22 Allahabad 1 357,708 INR

Careers / Insurance / India (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Insurance Broker 11 2,370,858 INR
2 General Insurance 14 2,329,264 INR
3 Risk Management Insurance 11 2,179,525 INR
4 Insurance Sales 5 1,929,961 INR
5 Insurance Underwriter 10 1,913,324 INR
6 Other Insurance Career 10 1,896,686 INR
7 Life Insurance 21 1,347,645 INR
8 Health Insurance 9 1,247,820 INR
9 Insurance Adjuster 1 931,705 INR
10 Insurance 7 923,386 INR
11 Insurance Agent 1 773,648 INR
12 Marketing Associate Insurance 2 707,098 INR
13 Title Insurance 1 307,795 INR

People's individual salary examples (surveys)

Associate
Posted 18 November 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 1-2 Years Intermediate 744,600 INR

Actuary
Posted 08 November 2021
City Education Experience Knowledge Gross salary / year
Delhi Masters Degree 1-2 Years Advanced 2,291,200 INR

Team Lead
Posted 21 August 2021
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 12-16 Years Advanced 1,099,700 INR

Risk Consultant
Posted 26 March 2021
City Education Experience Knowledge Gross salary / year
Bangalore Bachelors Degree 12-16 Years n/a 2,285,700 INR

Channel Agency Manager
Posted 23 February 2021
City Education Experience Knowledge Gross salary / year
Coimbatore High School 4-8 Years n/a 400,000 INR

Actuaries
Posted 21 February 2021
City Education Experience Knowledge Gross salary / year
Delhi Bachelors Degree 4-8 Years n/a 1,114,300 INR

Business Development Manager
Posted 05 January 2021
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 8-12 Years n/a 1,771,400 INR

Actuarial Manager
Posted 31 December 2020
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 0-1 Year n/a 1,512,400 INR

Corporate Sales
Posted 29 December 2020
City Education Experience Knowledge Gross salary / year
Pune Masters Degree 8-12 Years n/a 1,221,600 INR

Senior Relationship Manager
Posted 09 October 2020
City Education Experience Knowledge Gross salary / year
Bangalore Bachelors Degree 8-12 Years n/a 1,687,000 INR

Consultant
Posted 24 September 2020
City Education Experience Knowledge Gross salary / year
Bangalore Doctorate Degree 8-12 Years n/a 1,512,400 INR

Analyst
Posted 03 September 2020
City Education Experience Knowledge Gross salary / year
Hyderabad Bachelors Degree 12-16 Years n/a 814,400 INR

Head Sales & Marketing
Posted 26 August 2020
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 16-20 Years n/a 6,399,100 INR

Claims Tran Leader
Posted 28 July 2020
City Education Experience Knowledge Gross salary / year
Hyderabad Bachelors Degree 8-12 Years n/a 1,047,100 INR

Vice President
Posted 24 July 2020
City Education Experience Knowledge Gross salary / year
Bangalore Doctorate Degree 12-16 Years n/a 4,304,800 INR

Actuarial Manager
Posted 11 July 2020
City Education Experience Knowledge Gross salary / year
Bangalore Bachelors Degree 4-8 Years n/a 2,559,600 INR

Assistant Manager Legal
Posted 21 June 2020
City Education Experience Knowledge Gross salary / year
Delhi Bachelors Degree 4-8 Years n/a 1,745,200 INR

Modelling
Posted 12 June 2020
City Education Experience Knowledge Gross salary / year
Bangalore Bachelors Degree 4-8 Years n/a 802,800 INR

Strategy
Posted 31 May 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 8-12 Years n/a 3,257,700 INR

Actuarial
Posted 20 May 2020
City Education Experience Knowledge Gross salary / year
Bangalore Doctorate Degree 4-8 Years n/a 2,792,300 INR

Area Manager
Posted 22 April 2020
City Education Experience Knowledge Gross salary / year
Chandigarh Bachelors Degree 12-16 Years n/a 1,163,500 INR

Manager It-digital
Posted 06 April 2020
City Education Experience Knowledge Gross salary / year
Navi Mumbai Doctorate Degree 4-8 Years n/a 1,861,500 INR

Administrative Officer
Posted 28 March 2020
City Education Experience Knowledge Gross salary / year
Pune Bachelors Degree 20+ Years n/a 1,396,100 INR

Channel Management
Posted 28 February 2020
City Education Experience Knowledge Gross salary / year
Delhi Doctorate Degree 12-16 Years n/a 2,908,700 INR

Avp - Employee Benefits
Posted 09 February 2020
City Education Experience Knowledge Gross salary / year
Bangalore Bachelors Degree 8-12 Years n/a 2,326,900 INR

Subject Matter Expert
Posted 06 February 2020
City Education Experience Knowledge Gross salary / year
Pune Bachelors Degree 4-8 Years n/a 360,600 INR

Associate Manager
Posted 22 January 2020
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 631,700 INR

Relationship Manager
Posted 08 January 2020
City Education Experience Knowledge Gross salary / year
Chennai Bachelors Degree 8-12 Years n/a 872,600 INR

Branch Head
Posted 30 October 2019
City Education Experience Knowledge Gross salary / year
Lucknow Bachelors Degree 4-8 Years n/a 488,200 INR

Team Leader Quality
Posted 30 October 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 16-20 Years n/a 372,000 INR

Analyst
Posted 19 September 2019
City Education Experience Knowledge Gross salary / year
Faridabad Bachelors Degree 8-12 Years n/a 930,700 INR

Deputy Manager
Posted 16 August 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 8-12 Years n/a 1,278,800 INR

Director
Posted 22 July 2019
City Education Experience Knowledge Gross salary / year
Hyderabad Doctorate Degree 20+ Years n/a 4,883,100 INR

Actuarial
Posted 18 July 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 4-8 Years n/a 1,278,800 INR

Dep Manager
Posted 14 July 2019
City Education Experience Knowledge Gross salary / year
Delhi Bachelors Degree 8-12 Years n/a 2,557,800 INR

Executive Unit Sales Manager
Posted 18 June 2019
City Education Experience Knowledge Gross salary / year
Vijayawada Masters Degree 2-4 Years n/a 581,300 INR

Claim Associate
Posted 17 June 2019
City Education Experience Knowledge Gross salary / year
Delhi Bachelors Degree 1-2 Years n/a 353,400 INR

Senior Executive
Posted 04 June 2019
City Education Experience Knowledge Gross salary / year
Bangalore Bachelors Degree 4-8 Years n/a 306,900 INR

Senior Manager
Posted 29 May 2019
City Education Experience Knowledge Gross salary / year
Delhi Some College 12-16 Years n/a 2,674,100 INR

Business Analyst
Posted 08 May 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 725,500 INR

Sr. Actuarial Manager
Posted 02 May 2019
City Education Experience Knowledge Gross salary / year
Mumbai Bachelors Degree 2-4 Years n/a 1,162,600 INR

Consultant
Posted 28 March 2019
City Education Experience Knowledge Gross salary / year
Pune Masters Degree 4-8 Years n/a 1,976,500 INR

Operations
Posted 18 March 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 1-2 Years n/a 1,133,500 INR

Ownership
Posted 12 March 2019
City Education Experience Knowledge Gross salary / year
Chandigarh High School 4-8 Years n/a 779,000 INR

Insurance Operation Sspecialist
Posted 26 February 2019
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 8-12 Years n/a 348,700 INR

Clerical
Posted 25 February 2019
City Education Experience Knowledge Gross salary / year
--Other-- High School 2-4 Years n/a 395,200 INR

Program Manager
Posted 17 February 2019
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 2-4 Years n/a 3,487,900 INR

Head- Sales
Posted 17 January 2019
City Education Experience Knowledge Gross salary / year
Bangalore Masters Degree 16-20 Years n/a 3,720,400 INR

General Manager
Posted 27 December 2018
City Education Experience Knowledge Gross salary / year
Ahmedabad Masters Degree 8-12 Years n/a 1,898,300 INR

Associate Vice President
Posted 16 December 2018
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 8-12 Years n/a 5,442,200 INR


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