LIFE INSURANCE / SALARY
SINGAPORE

SALARY SURVEYS

9

UPDATED
April 2024
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AVERAGE SALARY / YEAR		MOST TYPICAL SALARY / YEAR		Gross income Net (after tax) 1.32 SGD = 1 USD
124,169 SGD $94,102 USD		35,627 SGD $27,000 USD		Gross income Net (after tax) 1.32 SGD = 1 USD

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Average Salary / Life Insurance / Singapore

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Average salary for Life Insurance / Singapore is 124,169 SGD per year. The most typical earning is 35,627 SGD. All data are based on 9 salary surveys. Salaries are different between men and women. Men receive an average salary of 120,208 SGD. Women receive a salary of 156,627 SGD.

Based on education, the highest salaries receive people with Bachelors Degree with salary of 131,952 SGD. The second most paid education level is Masters Degree with salary of 96,985 SGD.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 198,456 SGD. Employees with 2-4 Years of experience receive 141,189 SGD.

Levels / Life 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	0	n/a
26,400 SGD - 32,999 SGD	0	n/a
THE MOST TYPICAL SALARY
33,000 SGD - 39,599 SGD	1	100% 11.11%
39,600 SGD - 46,199 SGD	0	n/a
46,200 SGD - 52,799 SGD	1	88.89% 11.11%
52,800 SGD - 59,399 SGD	0	n/a
59,400 SGD - 65,999 SGD	0	n/a
66,000 SGD - 72,599 SGD	0	n/a
72,600 SGD - 79,199 SGD	1	77.78% 11.11%
79,200 SGD - 85,799 SGD	0	n/a
85,800 SGD - 92,399 SGD	1	66.67% 11.11%
92,400 SGD - 98,999 SGD	1	55.56% 11.11%
99,000 SGD - 105,599 SGD	0	n/a
105,600 SGD - 112,199 SGD	1	44.44% 11.11%
112,200 SGD - 118,799 SGD	0	n/a
118,800 SGD - 125,399 SGD	0	n/a
125,400 SGD - 131,999 SGD	0	n/a
132,000 SGD - 138,499 SGD	0	n/a
138,600 SGD - 145,099 SGD	0	n/a
145,100 SGD - 151,699 SGD	1	33.33% 11.11%
151,700 SGD - 158,299 SGD	0	n/a
158,300 SGD - 164,899 SGD	0	n/a
164,900 SGD - 171,499 SGD	0	n/a
171,500 SGD - 178,099 SGD	0	n/a
178,100 SGD - 184,699 SGD	0	n/a
184,700 SGD - 191,299 SGD	0	n/a
191,300 SGD - 197,899 SGD	0	n/a
HIGH SALARIES
197,900 SGD - 211,099 SGD	0	n/a
211,100 SGD - 224,299 SGD	0	n/a
224,300 SGD - 237,499 SGD	1	22.22% 11.11%
237,500 SGD - 250,699 SGD	0	n/a
250,700 SGD - 263,899 SGD	0	n/a
263,900 SGD - 277,099 SGD	0	n/a
277,100 SGD - 290,299 SGD	0	n/a
290,300 SGD - 303,499 SGD	1	11.11% 11.11%
303,500 SGD - 316,699 SGD	0	n/a
316,700 SGD - 329,899 SGD	0	n/a
329,900 SGD - 461,799 SGD	0	n/a

Gender / Life Insurance / Singapore (Gross SGD)

#		Surveys		AVERAGE SALARY / YEAR
1	Women	3	156,627 SGD
2	Men	5	120,208 SGD

Education / Life Insurance / Singapore (Gross SGD)

#		Surveys		AVERAGE SALARY / YEAR
1	Bachelors Degree	7	131,952 SGD
2	Masters Degree	2	96,985 SGD

Experience / Life Insurance / Singapore (Gross SGD)

#		Surveys
1	20+ Years	2	198,456 SGD
2	2-4 Years	2	141,189 SGD
3	16-20 Years	2	117,437 SGD
4	8-12 Years	1	93,554 SGD
5	4-8 Years	1	72,837 SGD
6	0-1 Year	1	37,078 SGD

Age / Life Insurance / Singapore (Gross SGD)

#		Surveys
1	46-50	1	291,351 SGD
2	31-35	2	164,676 SGD
3	36-40	1	146,467 SGD
4	41-45	1	105,693 SGD
5	61-65	1	88,408 SGD
6	26-30	1	72,837 SGD
7	n/a	1	46,579 SGD
8	21-25	1	37,078 SGD

Work Type / Life Insurance / Singapore (Gross SGD)

#		Surveys
1	Self Employed	1	235,667 SGD
2	Permanent	7	113,347 SGD
3	Part Time	1	88,408 SGD

Cities / Life Insurance / Singapore (Gross SGD)

#		Surveys		AVERAGE SALARY / YEAR
1	Singapore	9	124,167 SGD

People's individual salary examples (surveys)

Independent Director

Posted 27 September 2022
Key knowledge and tasks

"Independent Director."

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
Key knowledge and tasks

"Financial planning."

City	Education	Experience	Knowledge	Gross salary / year
Singapore	Bachelors Degree	2-4 Years	Advanced	235,700 SGD

Analyst

Posted 02 December 2017
Key knowledge and tasks

"Provide consulting services to insurance and financial regulator clientele."

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

LIFE INSURANCE / SALARY SINGAPORE

9

124,169 SGD

35,627 SGD