Home > Salary > India > Actuarial Consultant
An actuarial consultant is a professional who provides expertise in risk management and financial forecasting to clients in various industries. They analyze large amounts of data to assess and mitigate potential risks, such as insurance claims or investment losses, and help organizations make informed decisions based on their findings. Actuarial consultants use mathematical models and statistical techniques to evaluate the probability and impact of different scenarios, ensuring that businesses can effectively manage their risks and optimize their financial strategies. They also provide advice on pricing, product development, and regulatory compliance.
Estimated Yearly Salary: 3,731,546 INR
Estimated Monthly Salary: 310,962 INR
Estimated Weekly Salary: 71,761 INR per week
Estimated Hourly Salary: 1,794 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 300,045 INR
Estimated Weekly Salary: 69,241 INR per week
Estimated Hourly Salary: 1,731 INR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 41,511 USD
Estimated Monthly Salary: 3,459 USD
Estimated Weekly Salary: 798 USD per week
Estimated Hourly Salary: 20 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 3,731,546 INR
Estimated Monthly Salary: 310,962 INR
Estimated Weekly Salary: 71,761 INR per week
Estimated Hourly Salary: 1,794 INR per hour
By working as Actuarial Consultant a person can save up to 2,564 USD per month or 30,769 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Estimated Yearly Salary for Actuarial Consultant
Last revision of data: 2025-01-04
Data as of 2025
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Actuarial Consultant salary in India
Average Yearly Salary of Actuarial Consultant in India is approximately 3,731,546 INR (41,511 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Actuarial Consultant do?
An actuarial consultant is a professional who provides expertise in risk management and financial forecasting to clients in various industries. They analyze large amounts of data to assess and mitigate potential risks, such as insurance claims or investment losses, and help organizations make informed decisions based on their findings. Actuarial consultants use mathematical models and statistical techniques to evaluate the probability and impact of different scenarios, ensuring that businesses can effectively manage their risks and optimize their financial strategies. They also provide advice on pricing, product development, and regulatory compliance.
Skills: Actuarial consulting, Risk management, Financial forecasting, Data analysis, Mathematical modeling, Statistical techniques
Job industry: Insurance
Job industry: Insurance
How much does Actuarial Consultant make?
Salary details
How much does Actuarial Consultant make?Estimated Yearly Salary: 3,731,546 INR
Estimated Monthly Salary: 310,962 INR
Estimated Weekly Salary: 71,761 INR per week
Estimated Hourly Salary: 1,794 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 3,600,540 INREstimated Monthly Salary: 300,045 INR
Estimated Weekly Salary: 69,241 INR per week
Estimated Hourly Salary: 1,731 INR per hour
Last revision of data: 2024-01-08Actuarial Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 41,511 USD
Estimated Monthly Salary: 3,459 USD
Estimated Weekly Salary: 798 USD per week
Estimated Hourly Salary: 20 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
India is a diverse and vibrant country located in South Asia. With a population of over 1.3 billion people, it is the second-most populous country in the world. The land area of India spans approximately 3.29 million square kilometers, making it the seventh-largest country by land area. It shares borders with several countries including Pakistan, China, Nepal, Bhutan, Bangladesh, and Myanmar.
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Consultant job salary compared to average salary in India.
Comparison shows that a person working as Actuarial Consultant in India earns on average:
2.02 times the average salary (or 202% of average salary).
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Actuarial Consultant job salary compared to average salary in India.
Comparison shows that a person working as Actuarial Consultant in India earns on average:
2.02 times the average salary (or 202% of average salary).
Is Actuarial Consultant a well paid job?
Yes, our data show that Actuarial Consultant is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Actuarial Consultant?
High salary for Actuarial Consultant would be somewhere between 4,104,701 INR and 5,410,742 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Actuarial Consultant in India?
Living in India the approximate monthly expenses are: 895 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 3,731,546 INR
Estimated Monthly Salary: 310,962 INR
Estimated Weekly Salary: 71,761 INR per week
Estimated Hourly Salary: 1,794 INR per hour
By working as Actuarial Consultant a person can save up to 2,564 USD per month or 30,769 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar (Burma), Afghanistan. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Actuarial Consultant
Pakistan is 2,928 USD
China is 23,851 USD
Nepal is 13,609 USD
Bangladesh is 5,216 USD
Afghanistan is 11,092 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in India
(21,041,458 INR per year, pre-tax.)
2. Cardiologist
(17,441,897 INR per year, pre-tax.)
(16,859,303 INR per year, pre-tax.)
4. Neurosurgeon
(16,443,049 INR per year, pre-tax.)
(16,347,274 INR per year, pre-tax.)
(16,022,930 INR per year, pre-tax.)
7. Urologist
(16,021,806 INR per year, pre-tax.)
(15,990,052 INR per year, pre-tax.)
9. Oncologist
(15,984,385 INR per year, pre-tax.)
(15,947,550 INR per year, pre-tax.)
Data as of 2025Random salary:
Waiter swaitress assistant (408,847 INR per year, pre-tax.)
Scientific research manager (3,681,127 INR per year, pre-tax.)
Aviation electrical technician (1,592,717 INR per year, pre-tax.)
Regional sales coordinator (1,422,818 INR per year, pre-tax.)
Certified rehabilitation counselor (crc) (1,712,430 INR per year, pre-tax.)
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