GENERAL INSURANCE / SALARY
INDIA

SALARY SURVEYS

14

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

83.19 INR = 1 USD

2,331,177 INR

$28,023 USD

Bangalore

3,477,258 INR

1,830,136 INR

$22,000 USD

Including "Bangalore"

Excluding "Bangalore"

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Average Salary / General Insurance / India

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Average salary for General Insurance / India is 2,331,177 INR per year. The most typical earning is 1,830,136 INR. All data are based on 14 salary surveys. Salaries are different between men and women. Men receive an average salary of 2,345,901 INR. Women receive a salary of 2,137,931 INR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of 2,911,580 INR. The second most paid education level is Masters Degree with salary of 2,695,291 INR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 3,277,607 INR. Employees with 12-16 Years of experience receive 3,052,999 INR.

Levels / General 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	1	100% 7.14%
415,900 INR - 831,799 INR	2	92.86% 14.29%
831,900 INR - 1,247,699 INR	1	78.57% 7.14%
1,247,800 INR - 1,663,699 INR	0	n/a
THE MOST TYPICAL SALARY
1,663,800 INR - 2,079,599 INR	4	71.43% 28.57%
2,079,700 INR - 2,495,599 INR	1	42.86% 7.14%
2,495,600 INR - 2,911,499 INR	2	35.71% 14.29%
2,911,600 INR - 3,327,399 INR	0	n/a
3,327,500 INR - 3,743,399 INR	0	n/a
3,743,500 INR - 4,159,299 INR	1	21.43% 7.14%
4,159,400 INR - 4,575,299 INR	1	14.29% 7.14%
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	0	n/a
5,823,200 INR - 6,238,999 INR	1	7.14% 7.14%
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 / General Insurance / India (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	13	2,345,901 INR
2	Women	1	2,137,931 INR

Education / General Insurance / India (Gross INR)

#		Surveys
1	Doctorate Degree	1	2,911,580 INR
2	Masters Degree	9	2,695,291 INR
3	Bachelors Degree	3	1,555,615 INR
4	High School	1	781,967 INR

Experience / General Insurance / India (Gross INR)

#		Surveys
1	16-20 Years	2	3,277,607 INR
2	12-16 Years	4	3,052,999 INR
3	20+ Years	1	2,137,931 INR
4	4-8 Years	3	1,697,035 INR
5	8-12 Years	4	1,655,441 INR

Age / General Insurance / India (Gross INR)

#		Surveys
1	36-40	5	3,202,738 INR
2	26-30	2	2,154,569 INR
3	31-35	5	1,954,918 INR
4	41-45	2	1,256,138 INR

Work Type / General Insurance / India (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	13	2,454,046 INR
2	Self Employed	1	781,967 INR

Cities / General Insurance / India (Gross INR)

#		Surveys
1	Bangalore	4	3,477,258 INR
2	Delhi	2	2,329,264 INR
3	Chennai	1	2,137,931 INR
4	Mumbai	3	2,096,337 INR
5	Gwalior	1	1,996,512 INR
6	Calcutta	2	1,430,833 INR
7	Chandigarh	1	781,967 INR

People's individual salary examples (surveys)

Business Development Manager

Posted 05 January 2021
Key knowledge and tasks

"Marketing, sales, general Insurance."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	8-12 Years	n/a	1,771,400 INR

Actuarial Manager

Posted 11 July 2020
Key knowledge and tasks

"Risk analysis, model development."

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
Key knowledge and tasks

"Legal claims and dealing with court cases."

City	Education	Experience	Knowledge	Gross salary / year
Delhi	Bachelors Degree	4-8 Years	n/a	1,745,200 INR

Channel Management

Posted 28 February 2020
Key knowledge and tasks

"Channel management."

City	Education	Experience	Knowledge	Gross salary / year
Delhi	Doctorate Degree	12-16 Years	n/a	2,908,700 INR

Team Leader Quality

Posted 30 October 2019
Key knowledge and tasks

"•	Assigning team QAs daily tasks of call monitoring, feedback sessions & other activities
•	Compiling QA reports daily to a consolidated audit sheet for reporting
•	Lead & mentor QA team members ensuring that the team is using industry-accepted best practices
•	Handling client and customer escalation calls and provide RCA as per process requirement
•	Evaluating Quality performance of agents on a regular basis and identifying their TNA
•	Ensuring that the team is up-to-date on the recent updates across process with improvement
•	Publish daily DQR, monthly Quality scores & top performers using Pareto/Pie chart, RAG & Trend analysis
•	Quality Compliance audit for Iffco-Tokio General Insurance Company outbound sales process
•	Handling skill specific training sessions as a process SME to improvise TSE’s performance
•	Conducting other activities like Quality Briefing sessions, Call Listening sessions, Calibration sessions, Quality Induction, Mock Call certifications, PKT, R&R sessions, etc."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	16-20 Years	n/a	372,000 INR

Ownership

Posted 12 March 2019
Key knowledge and tasks

"Proprietor of general insurance business office."

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

General Manager

Posted 22 August 2018
Key knowledge and tasks

"General manager."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	12-16 Years	n/a	4,146,500 INR

Trainer

Posted 08 August 2018
Key knowledge and tasks

"Sales product & process training."

City	Education	Experience	Knowledge	Gross salary / year
Calcutta	Masters Degree	8-12 Years	n/a	818,900 INR

GENERAL INSURANCE / SALARY INDIA

14