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Average Salary - Insurance / Singapore SINGAPORE

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SALARY SURVEYS

66

 UPDATED
April 2024
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(based on your career and experience)
AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)
1.32 SGD = 1 USD

121,658 SGD

$92,199 USD

35,627 SGD

$27,000 USD
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Average Salary / Insurance / Singapore

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Average salary for Insurance / Singapore is 121,658 SGD per year. The most typical earning is 35,627 SGD. All data are based on 66 salary surveys. Salaries are different between men and women. Men receive an average salary of 149,106 SGD. Women receive a salary of 108,464 SGD.

Based on education, the highest salaries receive people with Masters Degree with salary of 178,003 SGD. The second most paid education level is Doctorate Degree with salary of 158,606 SGD.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 203,998 SGD. Employees with 20+ Years of experience receive 195,157 SGD.

Levels / Insurance / Singapore (Gross SGD)

Salary Levels (SGD) per Year Surveys [%]
13,200 SGD - 19,799 SGD
0 n/a
19,800 SGD - 26,399 SGD
1 100%
1.52%
26,400 SGD - 32,999 SGD
4 98.48%
6.06%
THE MOST TYPICAL SALARY
33,000 SGD - 39,599 SGD
7 92.42%
10.61%
39,600 SGD - 46,199 SGD
1 81.82%
1.52%
46,200 SGD - 52,799 SGD
6 80.3%
9.09%
52,800 SGD - 59,399 SGD
0 n/a
59,400 SGD - 65,999 SGD
2 71.21%
3.03%
66,000 SGD - 72,599 SGD
3 68.18%
4.55%
72,600 SGD - 79,199 SGD
5 63.64%
7.58%
79,200 SGD - 85,799 SGD
1 56.06%
1.52%
85,800 SGD - 92,399 SGD
2 54.55%
3.03%
92,400 SGD - 98,999 SGD
2 51.52%
3.03%
99,000 SGD - 105,599 SGD
0 n/a
105,600 SGD - 112,199 SGD
3 48.48%
4.55%
112,200 SGD - 118,799 SGD
0 n/a
118,800 SGD - 125,399 SGD
3 43.94%
4.55%
125,400 SGD - 131,999 SGD
3 39.39%
4.55%
132,000 SGD - 138,499 SGD
1 34.85%
1.52%
138,600 SGD - 145,099 SGD
0 n/a
145,100 SGD - 151,699 SGD
5 33.33%
7.58%
151,700 SGD - 158,299 SGD
1 25.76%
1.52%
158,300 SGD - 164,899 SGD
1 24.24%
1.52%
164,900 SGD - 171,499 SGD
2 22.73%
3.03%
171,500 SGD - 178,099 SGD
0 n/a
178,100 SGD - 184,699 SGD
1 19.7%
1.52%
184,700 SGD - 191,299 SGD
1 18.18%
1.52%
191,300 SGD - 197,899 SGD
0 n/a
HIGH SALARIES
197,900 SGD - 211,099 SGD
1 16.67%
1.52%
211,100 SGD - 224,299 SGD
0 n/a
224,300 SGD - 237,499 SGD
1 15.15%
1.52%
237,500 SGD - 250,699 SGD
3 13.64%
4.55%
250,700 SGD - 263,899 SGD
0 n/a
263,900 SGD - 277,099 SGD
1 9.09%
1.52%
277,100 SGD - 290,299 SGD
0 n/a
290,300 SGD - 303,499 SGD
1 7.58%
1.52%
303,500 SGD - 316,699 SGD
0 n/a
316,700 SGD - 329,899 SGD
3 6.06%
4.55%
329,900 SGD - 461,799 SGD
1 1.52%
1.52%
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Gender / Insurance / Singapore (Gross SGD)

# Surveys AVERAGE SALARY / YEAR
1 Men 37 149,106 SGD
2 Women 17 108,464 SGD

Education / Insurance / Singapore (Gross SGD)

# Surveys AVERAGE SALARY / YEAR
1 Masters Degree 12 178,003 SGD
2 Doctorate Degree 2 158,606 SGD
3 High School 3 144,092 SGD
4 Bellow H. School 1 134,195 SGD
5 Bachelors Degree 38 112,951 SGD
6 Some College 10 71,782 SGD

Experience / Insurance / Singapore (Gross SGD)

# Surveys AVERAGE SALARY / YEAR
1 16-20 Years 8 203,998 SGD
2 20+ Years 10 195,157 SGD
3 12-16 Years 10 125,750 SGD
4 8-12 Years 10 112,423 SGD
5 4-8 Years 13 95,665 SGD
6 2-4 Years 9 62,809 SGD
7 1-2 Years 5 43,808 SGD
8 0-1 Year 1 37,078 SGD

Age / Insurance / Singapore (Gross SGD)

# Surveys AVERAGE SALARY / YEAR
1 46-50 1 291,351 SGD
2 51-55 5 280,003 SGD
3 56-60 1 249,654 SGD
4 36-40 8 160,718 SGD
5 41-45 13 128,125 SGD
6 31-35 14 118,625 SGD
7 61-65 1 88,408 SGD
8 26-30 9 72,705 SGD
9 n/a 12 55,683 SGD
10 21-25 2 33,647 SGD

Work Type / Insurance / Singapore (Gross SGD)

# Surveys AVERAGE SALARY / YEAR
1 Permanent 57 123,639 SGD
2 Self Employed 7 122,847 SGD
3 Part Time 1 88,408 SGD
4 Contract 1 37,210 SGD

Cities / Insurance / Singapore (Gross SGD)

# Surveys AVERAGE SALARY / YEAR
1 Singapore 66 121,660 SGD

Careers / Insurance / Singapore (Gross SGD)

# Surveys AVERAGE SALARY / YEAR
1 Marketing Associate Insurance 1 243,320 SGD
2 Risk Management Insurance 3 231,708 SGD
3 Insurance Broker 6 170,350 SGD
4 Insurance Underwriter 13 128,785 SGD
5 Life Insurance 9 124,167 SGD
6 Insurance Adjuster 1 122,451 SGD
7 Insurance Sales 2 119,285 SGD
8 Insurance Agent 7 118,229 SGD
9 Commercial Insurance 4 102,263 SGD
10 Insurance 5 84,977 SGD
11 Other Insurance Career 7 84,449 SGD
12 General Insurance 4 84,185 SGD
13 Health Insurance 4 81,942 SGD

People's individual salary examples (surveys)

Independent Director
Posted 27 September 2022
City Education Experience Knowledge Gross salary / year
Singapore Masters Degree 16-20 Years Expert 88,400 SGD

Associate Director Of Sales, Financial Services
Posted 25 July 2022
City Education Experience Knowledge Gross salary / year
Singapore Bachelors Degree 2-4 Years Advanced 235,700 SGD

Underwriting Assistant
Posted 30 September 2021
City Education Experience Knowledge Gross salary / year
Singapore Bachelors Degree 1-2 Years Intermediate 70,900 SGD

Global Head Country & Credit Risk Management
Posted 31 August 2021
City Education Experience Knowledge Gross salary / year
Singapore Masters Degree 16-20 Years Expert 461,700 SGD

Claims Services Manager
Posted 28 March 2021
City Education Experience Knowledge Gross salary / year
Singapore Bellow H. School 12-16 Years n/a 134,200 SGD

Actuarial
Posted 13 March 2021
City Education Experience Knowledge Gross salary / year
Singapore Masters Degree 8-12 Years n/a 146,400 SGD

Manager
Posted 13 December 2020
City Education Experience Knowledge Gross salary / year
Singapore High School 12-16 Years n/a 122,500 SGD

Program Manager
Posted 25 July 2020
City Education Experience Knowledge Gross salary / year
Singapore Doctorate Degree 12-16 Years n/a 190,400 SGD

Senior Manager
Posted 18 July 2020
City Education Experience Knowledge Gross salary / year
Singapore Bachelors Degree 16-20 Years n/a 171,300 SGD

Manager
Posted 11 October 2019
City Education Experience Knowledge Gross salary / year
Singapore Bachelors Degree 4-8 Years n/a 97,300 SGD

Contact Centre Consultant
Posted 23 July 2019
City Education Experience Knowledge Gross salary / year
Singapore Some College 12-16 Years n/a 36,200 SGD

Manager
Posted 26 June 2019
City Education Experience Knowledge Gross salary / year
Singapore Bachelors Degree 16-20 Years n/a 110,700 SGD

Business Dev
Posted 28 May 2019
City Education Experience Knowledge Gross salary / year
Singapore Bachelors Degree 16-20 Years n/a 243,300 SGD

Underwriter
Posted 28 March 2019
City Education Experience Knowledge Gross salary / year
Singapore Masters Degree 4-8 Years n/a 146,000 SGD

Financial Planner
Posted 22 August 2018
City Education Experience Knowledge Gross salary / year
Singapore High School 8-12 Years n/a 60,000 SGD

Operations Exec
Posted 04 February 2018
City Education Experience Knowledge Gross salary / year
Singapore Some College 4-8 Years n/a 47,000 SGD

Analyst
Posted 02 December 2017
City Education Experience Knowledge Gross salary / year
Singapore Bachelors Degree 0-1 Year n/a 37,100 SGD

Broker
Posted 28 August 2017
City Education Experience Knowledge Gross salary / year
Singapore Bachelors Degree 2-4 Years n/a 42,600 SGD


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