Insurance | Mumbai | Average Salary Survey 2024

Salary Levels (INR) per Year

Surveys

[%]

83,200 INR - 166,299 INR

n/a

166,400 INR - 249,499 INR

n/a

249,600 INR - 415,899 INR

100%
3.23%

THE MOST TYPICAL SALARY

415,900 INR - 831,799 INR

96.77%
22.58%

831,900 INR - 1,247,699 INR

74.19%
12.9%

1,247,800 INR - 1,663,699 INR

61.29%
19.35%

1,663,800 INR - 2,079,599 INR

41.94%
9.68%

2,079,700 INR - 2,495,599 INR

32.26%
9.68%

2,495,600 INR - 2,911,499 INR

n/a

2,911,600 INR - 3,327,399 INR

22.58%
9.68%

3,327,500 INR - 3,743,399 INR

12.9%
3.23%

3,743,500 INR - 4,159,299 INR

9.68%
6.45%

4,159,400 INR - 4,575,299 INR

n/a

4,575,300 INR - 4,991,199 INR

n/a

4,991,300 INR - 5,407,099 INR

n/a

5,407,200 INR - 5,823,099 INR

3.23%
3.23%

5,823,200 INR - 6,238,999 INR

n/a

6,239,100 INR - 6,654,999 INR

n/a

6,655,000 INR - 7,070,899 INR

n/a

7,071,000 INR - 7,486,799 INR

n/a

7,486,900 INR - 7,902,799 INR

n/a

7,902,900 INR - 8,318,699 INR

n/a

8,318,800 INR - 8,734,699 INR

n/a

8,734,700 INR - 9,150,599 INR

n/a

9,150,700 INR - 9,566,499 INR

n/a

9,566,600 INR - 9,982,499 INR

n/a

9,982,600 INR - 10,398,399 INR

n/a

10,398,500 INR - 10,814,399 INR

n/a

10,814,400 INR - 11,230,299 INR

n/a

11,230,400 INR - 11,646,199 INR

n/a

11,646,300 INR - 12,062,199 INR

n/a

12,062,300 INR - 12,478,099 INR

n/a

HIGH SALARIES

12,478,200 INR - 13,309,999 INR

n/a

13,310,100 INR - 14,141,899 INR

n/a

14,142,000 INR - 14,973,799 INR

n/a

14,973,800 INR - 15,805,599 INR

n/a

15,805,700 INR - 16,637,499 INR

n/a

16,637,600 INR - 17,469,399 INR

n/a

17,469,500 INR - 18,301,299 INR

n/a

18,301,400 INR - 19,133,199 INR

n/a

19,133,200 INR - 19,964,999 INR

n/a

19,965,100 INR - 20,796,899 INR

n/a

20,797,000 INR - 29,115,799 INR

n/a

Surveys

AVERAGE SALARY / YEAR

Men

1,979,874 INR

Women

840,198 INR

Surveys

AVERAGE SALARY / YEAR

Masters Degree

2,379,176 INR

Bachelors Degree

1,289,414 INR

Surveys

AVERAGE SALARY / YEAR

12-16 Years

2,337,582 INR

8-12 Years

2,262,713 INR

2-4 Years

1,929,961 INR

0-1 Year

1,514,021 INR

4-8 Years

1,414,196 INR

1-2 Years

940,024 INR

16-20 Years

374,346 INR

Surveys

AVERAGE SALARY / YEAR

36-40

3,360,795 INR

31-35

2,004,830 INR

21-25

1,805,179 INR

26-30

1,422,514 INR

n/a

1,123,038 INR

41-45

374,346 INR

Surveys

AVERAGE SALARY / YEAR

Part Time

4,001,342 INR

Permanent

1,813,498 INR

Self Employed

773,648 INR

Contract

723,735 INR

Surveys

AVERAGE SALARY / YEAR

Insurance Underwriter

2,520,596 INR

Other Insurance Career

2,437,408 INR

Insurance Broker

2,229,438 INR

General Insurance

2,096,337 INR

Life Insurance

1,713,672 INR

Risk Management Insurance

1,588,890 INR

Health Insurance

1,281,095 INR

Insurance Agent

773,648 INR

Marketing Associate Insurance

748,692 INR

Insurance

607,272 INR

People's individual salary examples (surveys)

Associate

Posted 18 November 2021
Key knowledge and tasks

"Sales."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	1-2 Years	Intermediate	744,600 INR

Business Development Manager

Posted 05 January 2021
Key knowledge and tasks

"Marketing, sales, general Insurance."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	8-12 Years	n/a	1,771,400 INR

Actuarial Manager

Posted 31 December 2020
Key knowledge and tasks

"Knowledge in stat and maths."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	0-1 Year	n/a	1,512,400 INR

Strategy

Posted 31 May 2020
Key knowledge and tasks

"Strategy & Financial Planning."

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
Key knowledge and tasks

"Products management, training."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	4-8 Years	n/a	631,700 INR

Team Leader Quality

Posted 30 October 2019
Key knowledge and tasks

"•	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."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	16-20 Years	n/a	372,000 INR

Deputy Manager

Posted 16 August 2019
Key knowledge and tasks

"IT lead."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	8-12 Years	n/a	1,278,800 INR

Actuarial

Posted 18 July 2019
Key knowledge and tasks

"Analyst valuation pricing."

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
Key knowledge and tasks

"Analysis business requirements and preparing BRD."

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
Key knowledge and tasks

"Liability Valuation."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	2-4 Years	n/a	1,162,600 INR

Operations

Posted 18 March 2019
Key knowledge and tasks

"Customer service."

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

Program Manager

Posted 17 February 2019
Key knowledge and tasks

"An ideal set up of technical integrations and product interface."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	2-4 Years	n/a	3,487,900 INR

Associate Vice President

Posted 16 December 2018
Key knowledge and tasks

"General insurance."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	8-12 Years	n/a	5,442,200 INR

Insurance Advisor

Posted 26 September 2018
Key knowledge and tasks

"Helping to buy and continue insurance and financial planning."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Bachelors Degree	12-16 Years	n/a	777,400 INR

General Manager

Posted 22 August 2018
Key knowledge and tasks

"General manager."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	12-16 Years	n/a	4,146,500 INR

Chief Executive Officer

Posted 17 April 2018
Key knowledge and tasks

"Principal officer of a composite insurance brokers, heading reinsurance vertical."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	8-12 Years	n/a	3,109,800 INR

Senior Manager, Business Solutions

Posted 24 August 2017
Key knowledge and tasks

"Project management, Strategy and Operational excellence."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	4-8 Years	n/a	3,095,700 INR

INSURANCE / SALARY
MUMBAI

31

1,813,748 INR

2,114,389 INR

582,316 INR

Average Salary / Insurance / Mumbai

Levels / Insurance / Mumbai (Gross INR)

Gender / Insurance / Mumbai (Gross INR)

Education / Insurance / Mumbai (Gross INR)

Experience / Insurance / Mumbai (Gross INR)

Age / Insurance / Mumbai (Gross INR)

Work Type / Insurance / Mumbai (Gross INR)

Careers / Insurance / Mumbai (Gross INR)

People's individual salary examples (surveys)

INSURANCE / SALARY MUMBAI

31

1,813,748 INR

2,114,389 INR

582,316 INR

Average Salary / Insurance / Mumbai

Levels / Insurance / Mumbai (Gross INR)

Gender / Insurance / Mumbai (Gross INR)

Education / Insurance / Mumbai (Gross INR)

Experience / Insurance / Mumbai (Gross INR)

Age / Insurance / Mumbai (Gross INR)

Work Type / Insurance / Mumbai (Gross INR)

Careers / Insurance / Mumbai (Gross INR)

People's individual salary examples (surveys)

INSURANCE / SALARY
MUMBAI