INSURANCE / SALARY
SOUTH AFRICA

SALARY SURVEYS

15

UPDATED
May 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

18.3 ZAR = 1 USD

887,152 ZAR

$48,491 USD

Johannesburg

1,100,566 ZAR

311,018 ZAR

$17,000 USD

Including "Johannesburg"

Excluding "Johannesburg"

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Average Salary / Insurance / South Africa

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Average salary for Insurance / South Africa is 887,152 ZAR per year. The most typical earning is 311,018 ZAR. All data are based on 15 salary surveys. Salaries are different between men and women. Men receive an average salary of 1,053,803 ZAR. Women receive a salary of 601,912 ZAR.

Based on education, the highest salaries receive people with Masters Degree with salary of 1,463,616 ZAR. The second most paid education level is Bachelors Degree with salary of 907,441 ZAR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 1,516,672 ZAR. Employees with 8-12 Years of experience receive 947,691 ZAR.

Levels / Insurance / South Africa (Gross ZAR)

Salary Levels (ZAR) per Year	Surveys	[%]
54,900 ZAR - 91,499 ZAR	0	n/a
91,500 ZAR - 182,899 ZAR	0	n/a
183,000 ZAR - 274,399 ZAR	1	100% 6.67%
THE MOST TYPICAL SALARY
274,400 ZAR - 365,899 ZAR	2	93.33% 13.33%
365,900 ZAR - 457,399 ZAR	1	80% 6.67%
457,400 ZAR - 548,799 ZAR	1	73.33% 6.67%
548,900 ZAR - 640,299 ZAR	1	66.67% 6.67%
640,300 ZAR - 731,799 ZAR	0	n/a
731,800 ZAR - 823,299 ZAR	1	60% 6.67%
823,300 ZAR - 914,699 ZAR	0	n/a
914,800 ZAR - 1,006,199 ZAR	1	53.33% 6.67%
1,006,200 ZAR - 1,097,699 ZAR	1	46.67% 6.67%
1,097,700 ZAR - 1,189,199 ZAR	1	40% 6.67%
1,189,200 ZAR - 1,280,599 ZAR	2	33.33% 13.33%
1,280,700 ZAR - 1,372,099 ZAR	0	n/a
1,372,100 ZAR - 1,463,599 ZAR	1	20% 6.67%
1,463,600 ZAR - 1,555,099 ZAR	1	13.33% 6.67%
1,555,100 ZAR - 1,646,499 ZAR	0	n/a
1,646,600 ZAR - 1,737,999 ZAR	1	6.67% 6.67%
1,738,000 ZAR - 1,829,499 ZAR	0	n/a
1,829,500 ZAR - 1,920,999 ZAR	0	n/a
1,921,000 ZAR - 2,012,499 ZAR	0	n/a
2,012,500 ZAR - 2,103,899 ZAR	0	n/a
2,103,900 ZAR - 2,195,399 ZAR	0	n/a
2,195,400 ZAR - 2,286,899 ZAR	0	n/a
2,286,900 ZAR - 2,378,399 ZAR	0	n/a
2,378,400 ZAR - 2,469,799 ZAR	0	n/a
2,469,900 ZAR - 2,561,299 ZAR	0	n/a
2,561,300 ZAR - 2,652,799 ZAR	0	n/a
2,652,800 ZAR - 2,744,299 ZAR	0	n/a
HIGH SALARIES
2,744,300 ZAR - 2,927,199 ZAR	0	n/a
2,927,200 ZAR - 3,110,199 ZAR	0	n/a
3,110,200 ZAR - 3,293,099 ZAR	0	n/a
3,293,100 ZAR - 3,476,099 ZAR	0	n/a
3,476,100 ZAR - 3,658,999 ZAR	0	n/a
3,659,000 ZAR - 3,841,999 ZAR	0	n/a
3,842,000 ZAR - 4,024,899 ZAR	0	n/a
4,024,900 ZAR - 4,207,899 ZAR	0	n/a
4,207,900 ZAR - 4,390,799 ZAR	0	n/a
4,390,800 ZAR - 4,573,799 ZAR	0	n/a
4,573,800 ZAR - 6,403,299 ZAR	0	n/a

Gender / Insurance / South Africa (Gross ZAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	7	1,053,803 ZAR
2	Women	3	601,912 ZAR

Education / Insurance / South Africa (Gross ZAR)

#		Surveys
1	Masters Degree	2	1,463,616 ZAR
2	Bachelors Degree	5	907,441 ZAR
3	Some College	5	874,510 ZAR
4	High School	3	492,140 ZAR

Experience / Insurance / South Africa (Gross ZAR)

#		Surveys
1	16-20 Years	2	1,516,672 ZAR
2	8-12 Years	2	947,691 ZAR
3	12-16 Years	1	931,225 ZAR
4	4-8 Years	5	810,477 ZAR
5	2-4 Years	3	682,410 ZAR
6	20+ Years	2	675,092 ZAR

Age / Insurance / South Africa (Gross ZAR)

#		Surveys
1	46-50	3	1,379,458 ZAR
2	31-35	1	931,225 ZAR
3	26-30	4	863,533 ZAR
4	n/a	5	825,113 ZAR
5	36-40	1	417,130 ZAR
6	56-60	1	245,155 ZAR

Work Type / Insurance / South Africa (Gross ZAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	15	887,317 ZAR

Cities / Insurance / South Africa (Gross ZAR)

#		Surveys
1	Johannesburg	7	1,101,371 ZAR
2	Cape Town	5	797,670 ZAR
3	Ekurhuleni	2	686,070 ZAR
4	Tshwane	1	245,155 ZAR

People's individual salary examples (surveys)

Senior Manager

Posted 15 June 2022
Key knowledge and tasks

"Dispute resolution
law
staff supervisions
management."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Masters Degree	16-20 Years	Expert	1,656,400 ZAR

Business Development Manager

Posted 19 March 2021
Key knowledge and tasks

"Get insurance brokers to develop their business practice and optimize opportunities."

City	Education	Experience	Knowledge	Gross salary / year
Ekurhuleni	High School	4-8 Years	n/a	813,600 ZAR

Financial Advisor

Posted 13 October 2020
Key knowledge and tasks

"Financial Advice, Insurance Sales, Key Individual, Management, Training, Certificate in Financial Planning, Certificate in Portfolio Analysis and Investment Management."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Some College	20+ Years	n/a	1,103,700 ZAR

Business Development Manager

Posted 30 May 2020
Key knowledge and tasks

"Sales distribution manager."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	12-16 Years	n/a	932,000 ZAR

Personal Assistant

Posted 28 January 2019
Key knowledge and tasks

"CLIENT LIAISON ADMINASTATIVE JOBS GENERAL."

City	Education	Experience	Knowledge	Gross salary / year
Tshwane	High School	20+ Years	n/a	244,900 ZAR

Project Manager

Posted 21 January 2019
Key knowledge and tasks

"I coordinate internal IT projects, as well as new client & new supplier integration projects from contract signature to go-live delivery. The core elements are about organising people and time resources, and seeing the project through from inception to completion."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	2-4 Years	n/a	308,200 ZAR

Team Leader

Posted 10 January 2019
Key knowledge and tasks

"Supervise a team of administrators."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	High School	8-12 Years	n/a	416,300 ZAR

INSURANCE / SALARY SOUTH AFRICA

15