RISK MANAGEMENT INSURANCE / SALARY
INDIA

SALARY SURVEYS

11

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

83.19 INR = 1 USD

2,178,277 INR

$26,185 USD

Bangalore

1,754,019 INR

998,256 INR

$12,000 USD

Including "Bangalore"

Excluding "Bangalore"

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Average Salary / Risk Management Insurance / India

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Average salary for Risk Management Insurance / India is 2,178,277 INR per year. The most typical earning is 998,256 INR. All data are based on 11 salary surveys. Salaries are different between men and women. Men receive an average salary of 2,179,525 INR. Women receive a salary of n/a.

Based on education, the highest salaries receive people with Masters Degree with salary of 2,953,174 INR. The second most paid education level is Doctorate Degree with salary of 2,795,116 INR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 5,698,378 INR. Employees with 8-12 Years of experience receive 2,429,089 INR.

Levels / Risk Management 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	0	n/a
415,900 INR - 831,799 INR	1	100% 9.09%
THE MOST TYPICAL SALARY
831,900 INR - 1,247,699 INR	3	90.91% 27.27%
1,247,800 INR - 1,663,699 INR	0	n/a
1,663,800 INR - 2,079,599 INR	2	63.64% 18.18%
2,079,700 INR - 2,495,599 INR	1	45.45% 9.09%
2,495,600 INR - 2,911,499 INR	2	36.36% 18.18%
2,911,600 INR - 3,327,399 INR	1	18.18% 9.09%
3,327,500 INR - 3,743,399 INR	0	n/a
3,743,500 INR - 4,159,299 INR	0	n/a
4,159,400 INR - 4,575,299 INR	0	n/a
4,575,300 INR - 4,991,199 INR	0	n/a
4,991,300 INR - 5,407,099 INR	0	n/a
5,407,200 INR - 5,823,099 INR	1	9.09% 9.09%
5,823,200 INR - 6,238,999 INR	0	n/a
6,239,100 INR - 6,654,999 INR	0	n/a
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

Gender / Risk Management Insurance / India (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	11	2,179,525 INR

Education / Risk Management Insurance / India (Gross INR)

#		Surveys
1	Masters Degree	5	2,953,174 INR
2	Doctorate Degree	1	2,795,116 INR
3	Bachelors Degree	5	1,281,095 INR

Experience / Risk Management Insurance / India (Gross INR)

#		Surveys
1	20+ Years	1	5,698,378 INR
2	8-12 Years	3	2,429,089 INR
3	4-8 Years	6	1,647,122 INR
4	12-16 Years	1	1,098,081 INR

Age / Risk Management Insurance / India (Gross INR)

#		Surveys
1	46-50	1	5,698,378 INR
2	31-35	3	2,429,089 INR
3	26-30	6	1,647,122 INR
4	41-45	1	1,098,081 INR

Work Type / Risk Management Insurance / India (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	11	2,179,525 INR

Cities / Risk Management Insurance / India (Gross INR)

#		Surveys
1	Delhi	4	3,111,231 INR
2	Pune	1	1,979,874 INR
3	Bangalore	3	1,755,266 INR
4	Mumbai	2	1,588,890 INR
5	--Other--	1	1,098,081 INR

People's individual salary examples (surveys)

Team Lead

Posted 21 August 2021
Key knowledge and tasks

"Sanctions check."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	Bachelors Degree	12-16 Years	Advanced	1,099,700 INR

Actuaries

Posted 21 February 2021
Key knowledge and tasks

"Providing quotes."

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

Modelling

Posted 12 June 2020
Key knowledge and tasks

"Tableau, sql, excel."

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

Actuarial

Posted 20 May 2020
Key knowledge and tasks

"Audit actuarial."

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

Dep Manager

Posted 14 July 2019
Key knowledge and tasks

"It is all you want to know."

City	Education	Experience	Knowledge	Gross salary / year
Delhi	Bachelors Degree	8-12 Years	n/a	2,557,800 INR

Consultant

Posted 28 March 2019
Key knowledge and tasks

"Consulting on life insurance for risk management and financial aspect of portdolio."

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

Vice President

Posted 25 September 2018
Key knowledge and tasks

"Second Line risk management review and challange."

City	Education	Experience	Knowledge	Gross salary / year
Delhi	Masters Degree	20+ Years	n/a	5,701,400 INR

RISK MANAGEMENT INSURANCE / SALARY INDIA

11