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LIFE INSURANCE / SALARY
Average Salary - Life Insurance / Mumbai MUMBAI


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

1,715,170 INR

$20,618 USD
Bangalore

761,918 INR

582,316 INR

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

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Average Salary / Life Insurance / Mumbai

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Average salary for Life Insurance / Mumbai is 1,715,170 INR per year. The most typical earning is 582,316 INR. All data are based on 11 salary surveys. Salaries are different between men and women. Men receive an average salary of 2,112,975 INR. Women receive a salary of 840,198 INR.

Based on education, the highest salaries receive people with Masters Degree with salary of 2,437,408 INR. The second most paid education level is Bachelors Degree with salary of 1,306,051 INR.

Different experiences affect earning as well. People with 2-4 Years of experience receive salary of 1,963,236 INR. Employees with 8-12 Years of experience receive 1,771,904 INR.

Levels / Life Insurance / Mumbai (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
THE MOST TYPICAL SALARY
415,900 INR - 831,799 INR
3 100%
27.27%
831,900 INR - 1,247,699 INR
2 72.73%
18.18%
1,247,800 INR - 1,663,699 INR
3 54.55%
27.27%
1,663,800 INR - 2,079,599 INR
0 n/a
2,079,700 INR - 2,495,599 INR
0 n/a
2,495,600 INR - 2,911,499 INR
0 n/a
2,911,600 INR - 3,327,399 INR
2 27.27%
18.18%
3,327,500 INR - 3,743,399 INR
0 n/a
3,743,500 INR - 4,159,299 INR
1 9.09%
9.09%
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
0 n/a
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
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Gender / Life Insurance / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Men 7 2,112,975 INR
2 Women 3 840,198 INR

Education / Life Insurance / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Masters Degree 4 2,437,408 INR
2 Bachelors Degree 7 1,306,051 INR

Experience / Life Insurance / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 2-4 Years 3 1,963,236 INR
2 8-12 Years 3 1,771,904 INR
3 4-8 Years 3 1,672,078 INR
4 0-1 Year 1 1,514,021 INR
5 1-2 Years 1 1,131,356 INR

Age / Life Insurance / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 31-35 2 3,177,781 INR
2 21-25 3 2,229,438 INR
3 n/a 1 1,563,934 INR
4 26-30 4 940,024 INR
5 36-40 1 499,128 INR

Work Type / Life Insurance / Mumbai (Gross INR)

# Surveys AVERAGE SALARY / YEAR
1 Part Time 1 4,001,342 INR
2 Permanent 9 1,572,253 INR
3 Contract 1 723,735 INR

People's individual salary examples (surveys)

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

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

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

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

Senior Manager, Business Solutions
Posted 24 August 2017
City Education Experience Knowledge Gross salary / year
Mumbai Masters Degree 4-8 Years n/a 3,095,700 INR


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