INSURANCE SALARY IN INDIA

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Average gross salary for Insurance GROSS SALARY
INR 1,244,765
Average gorss salary (USD) for Insurance GROSS SALARY (USD)
US$ 19,898
Average net salary for Insurance NET SALARY
INR 1,002,418
The most typical salary for Insurance MOST TYPICAL GROSS
INR 466,145
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  Updated: 22 Apr 2020   Diff. gross vs. net: 19%
  Salary entries: 87

Insurance Earnings in India

Average salary for Insurance in India is INR 1,244,765.

Average take home earning is INR 1,002,418 (Net).

The most typical salary is INR 466,145 (Gross).

These data are from our visitors surveys (87 individual salaries).

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Percentage of people Earn this salary or more
8 % INR 3,033,333
10 % INR 3,000,000
40 % INR 1,526,111
63 % INR 867,876
89 % INR 466,145
97 % INR 256,555
99 % INR 122,000
Career Avg. gross salary (USD) Salary entries
Life Insurance INR 931,622 US$ 14,670 18
General Insurance INR 1,720,833 US$ 27,104 12
Insurance Underwriter INR 1,250,200 US$ 20,781 10
Health Insurance INR 964,500 US$ 15,525 08
Insurance INR 643,486 US$ 10,028 08
Risk Management Insurance INR 2,042,857 US$ 32,300 07
Insurance Broker INR 1,863,142 US$ 29,880 07
Insurance Sales INR 690,000 US$ 9,847 02
Insurance Agent INR 372,000 US$ 5,804 02
Insurance Adjuster INR 800,520 US$ 12,628 01
City Avg. gross salary (USD) Salary entries
Mumbai INR 1,377,185 US$ 22,408 27
Bangalore INR 1,568,230 US$ 24,856 13
Delhi INR 1,786,333 US$ 28,106 12
Chennai INR 1,050,333 US$ 17,333 06
Calcutta INR 663,299 US$ 10,453 04
Hyderabad INR 1,766,666 US$ 27,963 03
Pune INR 1,070,000 US$ 16,004 03
Chandigarh INR 835,000 US$ 12,303 02

Salary entries from individual employees for Insurance in India

Below is the list of 87 individual salary profiles - all added on this website.

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(47/47)  AREA MANAGER


 Posted: 22 Apr 2020

Bachelors Degree, 12-16 years: "Sales, team management."
Individual GROSS salary:
INR 1,000,000
US$ 14,038


(46/47)  MANAGER IT-DIGITAL


 Posted: 06 Apr 2020

Doctorate Degree, 4-8 years: "Website development, Online buy journey, Customer portal, Marketing Automation, Sales App development, WhatsApp integration etc."
Individual GROSS salary:
INR 1,600,000
US$ 22,460


(45/47)  ADMINISTRATIVE OFFICER


 Posted: 28 Mar 2020

Bachelors Degree, 20+ years: "Working in lic of india for last 24 years. Have worked in Claims and underwriting department."
Individual GROSS salary:
INR 1,200,000
US$ 16,845


(44/47)  CHANNEL MANAGEMENT


 Posted: 28 Feb 2020

Doctorate Degree, 12-16 years: "Channel management."
Individual GROSS salary:
INR 2,500,000
US$ 35,094


(43/47)  AVP - EMPLOYEE BENEFITS


 Posted: 09 Feb 2020

Bachelors Degree, 8-12 years: "Business development."
Individual GROSS salary:
INR 2,000,000
US$ 28,075


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(42/47)  SUBJECT MATTER EXPERT


 Posted: 06 Feb 2020

Bachelors Degree, 4-8 years: "Subject Matter expert with4+ years of experience."
Individual GROSS salary:
INR 310,000
US$ 4,352


(41/47)  ASSOCIATE MANAGER


 Posted: 22 Jan 2020

Bachelors Degree, 4-8 years: "Products management, training."
Individual GROSS salary:
INR 543,000
US$ 7,622


(40/47)  RELATIONSHIP MANAGER


 Posted: 08 Jan 2020

Bachelors Degree, 8-12 years: "Handle any situation and find a solution to it."
Individual GROSS salary:
INR 750,000
US$ 10,528


(39/47)  TEAM LEADER QUALITY


 Posted: 30 Oct 2019

Bachelors Degree, 16-20 years: "• 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."
Individual GROSS salary:
INR 320,000
US$ 5,048


(38/47)  BRANCH HEAD


 Posted: 30 Oct 2019

Bachelors Degree, 4-8 years: "To recruit health insurance agents and source business from them for the company."
Individual GROSS salary:
INR 420,000
US$ 6,625


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(37/47)  OPERATIONS ACCOCIATE


 Posted: 21 Oct 2019

Masters Degree, 2-4 years: "Collection of premium in form of cash, cheque and online payment and convert those into receipts. Deposit cash and cheque into banks and maintain excel data of both. Preparation of daily and monthly excel data of both. Processing of policies and follow up Quality check of policies. Customer relationship."
Individual GROSS salary:
INR 200,000
US$ 3,155


(36/47)  ANALYST


 Posted: 19 Sep 2019

Bachelors Degree, 8-12 years: "Insurance adjustment."
Individual GROSS salary:
INR 800,520
US$ 12,628


(35/47)  DEPUTY MANAGER


 Posted: 16 Aug 2019

Bachelors Degree, 8-12 years: "IT lead."
Individual GROSS salary:
INR 1,100,000
US$ 17,352


(34/47)  DIRECTOR


 Posted: 22 Jul 2019

Doctorate Degree, 20+ years: "Overall incharge of business."
Individual GROSS salary:
INR 4,200,000
US$ 66,252


(33/47)  ACTUARIAL


 Posted: 18 Jul 2019

Bachelors Degree, 4-8 years: "Analyst valuation pricing."
Individual GROSS salary:
INR 1,100,000
US$ 17,352


(32/47)  DEP MANAGER


 Posted: 14 Jul 2019

Bachelors Degree, 8-12 years: "It is all you want to know."
Individual GROSS salary:
INR 2,200,000
US$ 34,704


(31/47)  EXECUTIVE UNIT SALES MANAGER


 Posted: 18 Jun 2019

Masters Degree, 2-4 years: "Maintaining relationship with bank channel to achieve Target."
Individual GROSS salary:
INR 500,000
US$ 7,887


(30/47)  CLAIM ASSOCIATE


 Posted: 17 Jun 2019

Bachelors Degree, 1-2 years: "I want to grow up my skills and knowledge in Insurance profile as now I am working as a claim Associate."
Individual GROSS salary:
INR 304,000
US$ 4,795


(29/47)  SENIOR EXECUTIVE


 Posted: 04 Jun 2019

Bachelors Degree, 4-8 years: "Itle companies generally act as the combined agent of the insurance company, the buyer, the seller, and any other parties related to a real estate transaction, such as mortgage lenders. The title company reviews title, issues insurance policies, facilitates closings, and files and records paperwork."
Individual GROSS salary:
INR 264,000
US$ 4,164


(28/47)  SENIOR MANAGER


 Posted: 29 May 2019

Some College, 12-16 years: "Strategy and Planning."
Individual GROSS salary:
INR 2,300,000
US$ 36,281


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(27/47)  SERVICES


 Posted: 27 May 2019

Bachelors Degree, 4-8 years: "Client servicing."
Individual GROSS salary:
INR 72,000
US$ 1,136


(26/47)  BUSINESS ANALYST


 Posted: 08 May 2019

Bachelors Degree, 2-4 years: "Analysis business requirements and preparing BRD."
Individual GROSS salary:
INR 624,000
US$ 9,843


(25/47)  SR. ACTUARIAL MANAGER


 Posted: 02 May 2019

Bachelors Degree, 2-4 years: "Liability Valuation."
Individual GROSS salary:
INR 1,000,000
US$ 15,774


(24/47)  CONSULTANT


 Posted: 28 Mar 2019

Masters Degree, 4-8 years: "Consulting on life insurance for risk management and financial aspect of portdolio."
Individual GROSS salary:
INR 1,700,000
US$ 26,816


(23/47)  OPERATIONS


 Posted: 18 Mar 2019

Masters Degree, 1-2 years: "Customer service."
Individual GROSS salary:
INR 975,000
US$ 15,380


(22/47)  OWNERSHIP


 Posted: 12 Mar 2019

High School, 4-8 years: "Proprietor of general insurance business office."
Individual GROSS salary:
INR 670,000
US$ 10,569


(21/47)  INSURANCE OPERATION SSPECIALIST


 Posted: 26 Feb 2019

Bachelors Degree, 8-12 years: "Insurance operations claims and compliance officer."
Individual GROSS salary:
INR 300,000
US$ 4,732


(20/47)  CLERICAL


 Posted: 25 Feb 2019

High School, 2-4 years: "Clerical post under Nationalised Insurance company."
Individual GROSS salary:
INR 340,000
US$ 5,363


(19/47)  PROGRAM MANAGER


 Posted: 17 Feb 2019

Masters Degree, 2-4 years: "An ideal set up of technical integrations and product interface."
Individual GROSS salary:
INR 3,000,000
US$ 47,323


(18/47)  HEAD- SALES


 Posted: 17 Jan 2019

Masters Degree, 16-20 years: "Insurance+ customer service+ Client Retention."
Individual GROSS salary:
INR 3,200,000
US$ 50,478


(17/47)  GENERAL MANAGER


 Posted: 27 Dec 2018

Masters Degree, 8-12 years: "Running brach of broking firm."
Individual GROSS salary:
INR 1,465,000
US$ 23,109


(16/47)  ASSOCIATE VICE PRESIDENT


 Posted: 16 Dec 2018

Masters Degree, 8-12 years: "General insurance."
Individual GROSS salary:
INR 4,200,000
US$ 66,252


(15/47)  SENIOR MANAGER - UNDERWRITING


 Posted: 27 Nov 2018

Bachelors Degree, 16-20 years: "Handling fire, engineering and marine portfolios. Also handled Employee Benefits in an extensive way."
Individual GROSS salary:
INR 1,350,000
US$ 21,295


(14/47)  INSURANCE ADVISOR


 Posted: 26 Sep 2018

Bachelors Degree, 12-16 years: "Helping to buy and continue insurance and financial planning."
Individual GROSS salary:
INR 600,000
US$ 9,465


(13/47)  VICE PRESIDENT


 Posted: 25 Sep 2018

Masters Degree, 20+ years: "Second Line risk management review and challange."
Individual GROSS salary:
INR 4,400,000
US$ 69,407


(12/47)  GENERAL MANAGER


 Posted: 22 Aug 2018

Masters Degree, 12-16 years: "General manager."
Individual GROSS salary:
INR 3,200,000
US$ 50,478


(11/47)  PROCESS LEADER


 Posted: 15 Aug 2018

Bachelors Degree, 8-12 years: "Managing new business team."
Individual GROSS salary:
INR 588,000
US$ 9,275


(10/47)  INSURANCE ANALYTICS


 Posted: 13 Aug 2018

Masters Degree, 8-12 years: "Analytics for major insurance gaints in US."
Individual GROSS salary:
INR 2,000,000
US$ 31,549


(9/47)  TRAINER


 Posted: 08 Aug 2018

Masters Degree, 8-12 years: "Sales product & process training."
Individual GROSS salary:
INR 632,000
US$ 9,969


(8/47)  MANAGER


 Posted: 27 Jul 2018

High School, 8-12 years: "Bancassurance Manager."
Individual GROSS salary:
INR 580,000
US$ 9,149


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(7/47)  SALES MANAGER


 Posted: 05 Jul 2018

Masters Degree, 12-16 years: "To find a managerial job where,I can prove my self with supervision of team and achieve the task of the organization."
Individual GROSS salary:
INR 800,000
US$ 12,619


(6/47)  CHIEF EXECUTIVE OFFICER


 Posted: 17 Apr 2018

Masters Degree, 8-12 years: "Principal officer of a composite insurance brokers, heading reinsurance vertical."
Individual GROSS salary:
INR 2,400,000
US$ 37,858


(5/47)  SENIOR MANAGER UNDERWRITING


 Posted: 19 Mar 2018

Masters Degree education, 16-20 years of experience.
Individual GROSS salary:
INR 1,157,000
US$ 18,251


(4/47)  INTERNAL AUDITOR


 Posted: 01 Nov 2017

Masters Degree, 2-4 years: "Experienced of 3 years in financial service industry."
Individual GROSS salary:
INR 1,000,000
US$ 14,885


(3/47)  SENIOR MANAGER, BUSINESS SOLUTIONS


 Posted: 24 Aug 2017

Masters Degree, 4-8 years: "Project management, Strategy and Operational excellence."
Individual GROSS salary:
INR 2,500,000
US$ 37,213


(2/47)  OPERATIONS MANAGER


 Posted: 10 Aug 2017

Bachelors Degree, 12-16 years: "Handle operations, client management, service deliveries and team management."
Individual GROSS salary:
INR 2,000,000
US$ 29,771


(1/47)  INSURANCE AGENT


 Posted: 30 Jul 2017

Bellow H. School, 0-1 year: "Selling Life insurance policy to the clients."
Individual GROSS salary:
INR 144,000
US$ 2,143


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  SALARY BY LEVEL   INSURANCE   INDIA

India •  Change Location

Salary levels Avg. gross salary (USD) Avg. gross salary   Salary entries
75K US$ 74,427 INR 5,000,000
01
65K US$ 67,304 INR 4,266,666
03
55K US$ 50,579 INR 3,033,333
03
45K US$ 47,710 INR 3,000,000
02
35K US$ 35,785 INR 2,275,000
08
25K US$ 24,437 INR 1,526,111
18
15K US$ 14,163 INR 867,876
20
8K US$ 7,465 INR 466,145
22
4K US$ 4,112 INR 256,555
07
2K US$ 2,012 INR 122,000
02
1K US$ 1,136 INR 72,000
01

  SALARY BY GENDER   INSURANCE   INDIA

India •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Men US$ 20,608 INR 1,299,085 71
Women US$ 18,300 INR 1,183,592 11
N/A US$ 13,326 INR 608,000 05

  SALARY BY EDUCATION   INSURANCE   INDIA

India •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Doctorate Degree US$ 41,269 INR 2,766,666 03
Masters Degree US$ 27,107 INR 1,700,708 37
Bachelors Degree US$ 13,366 INR 816,663 40
Some College US$ 36,281 INR 2,300,000 01
High School US$ 7,344 INR 464,472 04
Bellow H. School US$ 2,012 INR 122,000 02

Insurance workers holding Doctorate Degree degrees enjoy the highest average gross salaries in India. With an earned Doctorate Degree, they grosses INR 2,766,666. While Insurance workers with Bellow H. School education earn the least, with an average gross income of INR 122,000. This is 1951.14% lower of what Doctorate Degree degree holders earn.


  SALARY BY EXPERIENCE   INSURANCE   INDIA

India •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
20+ Years US$ 44,562 INR 2,886,250 04
16-20 Years US$ 28,966 INR 1,882,481 06
12-16 Years US$ 25,703 INR 1,634,272 11
8-12 Years US$ 22,513 INR 1,375,520 26
4-8 Years US$ 11,954 INR 754,295 21
2-4 Years US$ 16,119 INR 992,214 14
1-2 Years US$ 10,086 INR 579,666 03
0-1 Year US$ 2,012 INR 122,000 02

Insurance workers in India with more years of work experience outperform their counterparts with less experience. Workers with 20+ Years of experience earn a gross average of INR 2,886,250 compared to INR 122,000 for their counterparts with 0-1 Year of experience. The difference between workers with 20+ Years of experience and 0-1 Year is 2114.81%.


  SALARY BY AGE   INSURANCE   INDIA

India •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
45-50 US$ 67,830 INR 4,300,000 02
39-44 US$ 21,656 INR 1,398,849 14
33-38 US$ 25,974 INR 1,640,333 21
27-32 US$ 16,289 INR 1,012,732 31
22-26 US$ 13,313 INR 852,692 13
16-21 US$ 2,143 INR 144,000 01
N/A US$ 13,326 INR 608,000 05
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  SALARY BY CAREER   INSURANCE   INDIA

India •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Risk Management Insurance US$ 32,300 INR 2,042,857 07
2. Insurance Broker US$ 29,880 INR 1,863,142 07
3. General Insurance US$ 27,104 INR 1,720,833 12
4. Other Insurance Career US$ 23,819 INR 1,447,900 10
5. Insurance Underwriter US$ 20,781 INR 1,250,200 10
6. Health Insurance US$ 15,525 INR 964,500 08
7. Life Insurance US$ 14,670 INR 931,622 18
8. Insurance Adjuster US$ 12,628 INR 800,520 01
9. Insurance US$ 10,028 INR 643,486 08
10. Insurance Sales US$ 9,847 INR 690,000 02
11. Marketing Associate Insurance US$ 8,016 INR 500,000 01
12. Insurance Agent US$ 5,804 INR 372,000 02
13. Title Insurance US$ 4,164 INR 264,000 01

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In India economy, Risk Management Insurance is on the top list of highest earners, earning an average gross salary of INR 2,042,857. Insurance Broker and General Insurance follow, earning INR 1,863,142 and INR 1,720,833, respectively. Title Insurance earn a gross annual average of INR 264,000, while Insurance Agent earn INR 372,000. The gap between the lowest and the highest paid careers is 675.70%.


  SALARY BY JOB TYPE   INSURANCE   INDIA

India •  Change Location

Avg. gross salary (USD) Avg. gross salary   Salary entries
Permanent US$ 21,694 INR 1,356,845 73
Contract US$ 7,945 INR 494,543 09
Self Employed US$ 7,392 INR 471,333 03
Part Time US$ 26,876 INR 1,690,000 02
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  SALARY BY CITY   INSURANCE   INDIA

India •  Change Location

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Delhi Insurance in Delhi US$ 28,106 INR 1,786,333 12
2. Hyderabad Insurance in Hyderabad US$ 27,963 INR 1,766,666 03
3. Bangalore Insurance in Bangalore US$ 24,856 INR 1,568,230 13
4. Mumbai Insurance in Mumbai US$ 22,408 INR 1,377,185 27
5. Chennai Insurance in Chennai US$ 17,333 INR 1,050,333 06
6. Pune Insurance in Pune US$ 16,004 INR 1,070,000 03
7. Chandigarh Insurance in Chandigarh US$ 12,303 INR 835,000 02
8. Calcutta Insurance in Calcutta US$ 10,453 INR 663,299 04

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  SALARY BY COUNTRY    INSURANCE

# Avg. gross salary (USD) Avg. gross salary   Salary entries
1. Germany Germany Insurance in Germany US$ 101,681 EUR 80,818 11
2. Australia Australia Insurance in Australia US$ 91,588 AU$ 104,523 34
3. United Kingdom United Kingdom Insurance in United Kingdom US$ 86,374 GBP 58,096 53
4. United States United States Insurance US$ 75,689 US$ 75,689 413
5. Indonesia Indonesia Insurance in Indonesia US$ 30,578 IDR 377,429,547 21
6. Malaysia Malaysia Insurance in Malaysia US$ 29,050 MYR 99,953 96
7. India India US$ 19,898 INR 1,244,765 87

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