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An insurance broker is a professional who acts as an intermediary between individuals or businesses seeking insurance coverage and insurance companies. They assess the insurance needs of their clients, analyze various insurance policies and options available in the market, and provide advice on the most suitable coverage for their clients' specific requirements. Insurance brokers help clients understand the terms and conditions of policies, assist in completing paperwork, and negotiate with insurance companies to secure the best possible coverage at competitive rates. They also provide ongoing support to clients, helping them with claims processing and policy renewals.
Estimated Yearly Salary: 2,840,977 INR
Estimated Monthly Salary: 236,748 INR
Estimated Weekly Salary: 54,634 INR per week
Estimated Hourly Salary: 1,366 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 228,698 INR
Estimated Weekly Salary: 52,776 INR per week
Estimated Hourly Salary: 1,319 INR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 31,446 USD
Estimated Monthly Salary: 2,621 USD
Estimated Weekly Salary: 605 USD per week
Estimated Hourly Salary: 15 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: 2,840,977 INR
Estimated Monthly Salary: 236,748 INR
Estimated Weekly Salary: 54,634 INR per week
Estimated Hourly Salary: 1,366 INR per hour
By working as Insurance Broker a person can save up to 1,725 USD per month or 20,704 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 Insurance Broker
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Broker salary in India
Average Yearly Salary of Insurance Broker in India is approximately 2,840,977 INR (31,446 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 Insurance Broker do?
An insurance broker is a professional who acts as an intermediary between individuals or businesses seeking insurance coverage and insurance companies. They assess the insurance needs of their clients, analyze various insurance policies and options available in the market, and provide advice on the most suitable coverage for their clients' specific requirements. Insurance brokers help clients understand the terms and conditions of policies, assist in completing paperwork, and negotiate with insurance companies to secure the best possible coverage at competitive rates. They also provide ongoing support to clients, helping them with claims processing and policy renewals.
Skills: Insurance, Brokerage, Risk management, Client service, Insurance policies, Intermediary.
Job industry: Insurance
Job industry: Insurance
How much does Insurance Broker make?
Salary details
How much does Insurance Broker make?Estimated Yearly Salary: 2,840,977 INR
Estimated Monthly Salary: 236,748 INR
Estimated Weekly Salary: 54,634 INR per week
Estimated Hourly Salary: 1,366 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,744,370 INREstimated Monthly Salary: 228,698 INR
Estimated Weekly Salary: 52,776 INR per week
Estimated Hourly Salary: 1,319 INR per hour
Last revision of data: 2024-01-03Insurance Broker estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 31,446 USD
Estimated Monthly Salary: 2,621 USD
Estimated Weekly Salary: 605 USD per week
Estimated Hourly Salary: 15 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 Insurance Broker job salary compared to average salary in India.
Comparison shows that a person working as Insurance Broker in India earns on average:
1.53 times the average salary (or 153% 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 Insurance Broker job salary compared to average salary in India.
Comparison shows that a person working as Insurance Broker in India earns on average:
1.53 times the average salary (or 153% of average salary).
Is Insurance Broker a well paid job?
Yes, our data shows that Insurance Broker is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Insurance Broker?
High salary for Insurance Broker would be somewhere between 3,125,075 INR and 4,119,417 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Broker 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: 2,840,977 INR
Estimated Monthly Salary: 236,748 INR
Estimated Weekly Salary: 54,634 INR per week
Estimated Hourly Salary: 1,366 INR per hour
By working as Insurance Broker a person can save up to 1,725 USD per month or 20,704 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 Insurance Broker
Pakistan is 2,230 USD
China is 18,168 USD
Nepal is 10,329 USD
Bangladesh is 3,962 USD
Afghanistan is 8,469 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:
Corrugated paper structural designer (2,515,154 INR per year, pre-tax.)
Assistant director of nursing (adon) (2,983,948 INR per year, pre-tax.)
Product design engineer (unspecified type) (1,913,435 INR per year, pre-tax.)
Floor care attendant (719,557 INR per year, pre-tax.)
Actuarial consultant (2,682,025 INR per year, pre-tax.)
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