Home > Salary > India > Insurance Claims Specialist
An insurance claims specialist is responsible for processing and managing insurance claims on behalf of policyholders. They review policy coverage, assess damages or losses, investigate the claim, and determine the appropriate settlement amount. They communicate with policyholders, insurance agents, and other relevant parties to gather necessary information and documentation. Additionally, they may coordinate with adjusters, appraisers, and legal professionals to ensure accurate evaluation and resolution of claims. Attention to detail, analytical skills, and knowledge of insurance policies and regulations are essential in this role. Insurance claims specialists also need strong communication and negotiation abilities to handle inquiries, explain claim processes, and negotiate settlements. They must maintain accurate records and adhere to company policies and industry standards.
Estimated Yearly Salary: 1,404,282 INR
Estimated Monthly Salary: 117,024 INR
Estimated Weekly Salary: 27,005 INR per week
Estimated Hourly Salary: 675 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 113,430 INR
Estimated Weekly Salary: 26,176 INR per week
Estimated Hourly Salary: 654 INR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 15,662 USD
Estimated Monthly Salary: 1,305 USD
Estimated Weekly Salary: 301 USD per week
Estimated Hourly Salary: 8 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 1,404,282 INR
Estimated Monthly Salary: 117,024 INR
Estimated Weekly Salary: 27,005 INR per week
Estimated Hourly Salary: 675 INR per hour
By working as Insurance Claims Specialist a person can save up to 410 USD per month or 4,920 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 Claims Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Insurance Claims Specialist salary in India
Average Yearly Salary of Insurance Claims Specialist in India is approximately 1,404,282 INR (15,662 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 Claims Specialist do?
An insurance claims specialist is responsible for processing and managing insurance claims on behalf of policyholders. They review policy coverage, assess damages or losses, investigate the claim, and determine the appropriate settlement amount. They communicate with policyholders, insurance agents, and other relevant parties to gather necessary information and documentation. Additionally, they may coordinate with adjusters, appraisers, and legal professionals to ensure accurate evaluation and resolution of claims. Attention to detail, analytical skills, and knowledge of insurance policies and regulations are essential in this role. Insurance claims specialists also need strong communication and negotiation abilities to handle inquiries, explain claim processes, and negotiate settlements. They must maintain accurate records and adhere to company policies and industry standards.
Skills: Insurance, Claims, Specialist, Settlements, Policyholders, Regulations
Job industry: Insurance
Job industry: Insurance
How much does Insurance Claims Specialist make?
Salary details
How much does Insurance Claims Specialist make?Estimated Yearly Salary: 1,404,282 INR
Estimated Monthly Salary: 117,024 INR
Estimated Weekly Salary: 27,005 INR per week
Estimated Hourly Salary: 675 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,361,160 INREstimated Monthly Salary: 113,430 INR
Estimated Weekly Salary: 26,176 INR per week
Estimated Hourly Salary: 654 INR per hour
Last revision of data: 2024-01-09Insurance Claims Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 15,662 USD
Estimated Monthly Salary: 1,305 USD
Estimated Weekly Salary: 301 USD per week
Estimated Hourly Salary: 8 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
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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 Claims Specialist job salary compared to average salary in India.
Comparison shows that a person working as Insurance Claims Specialist in India earns on average:
0.76 times the average salary (or 76% 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 Claims Specialist job salary compared to average salary in India.
Comparison shows that a person working as Insurance Claims Specialist in India earns on average:
0.76 times the average salary (or 76% of average salary).
Is Insurance Claims Specialist a well paid job?
No, our data shows that Insurance Claims Specialist is typically not a well-paid job. The salary varies based on experience. Meaning that even though Insurance Claims Specialist might be a low paying job, with experience the salary might increase to satisfactory levels.What is considered a high salary for Insurance Claims Specialist?
High salary for Insurance Claims Specialist would be somewhere between 1,544,710 INR and 2,036,209 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Insurance Claims Specialist 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: 1,404,282 INR
Estimated Monthly Salary: 117,024 INR
Estimated Weekly Salary: 27,005 INR per week
Estimated Hourly Salary: 675 INR per hour
By working as Insurance Claims Specialist a person can save up to 410 USD per month or 4,920 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 Claims Specialist
Pakistan is 1,105 USD
China is 8,955 USD
Nepal is 5,117 USD
Bangladesh is 1,970 USD
Afghanistan is 4,196 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
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Data as of 2025Random salary:
Stage technician (1,147,545 INR per year, pre-tax.)
Electro optical engineer (3,675,498 INR per year, pre-tax.)
Personal trainer (1,277,053 INR per year, pre-tax.)
Electronic technologist (1,782,560 INR per year, pre-tax.)
.net software developer programmer (2,941,560 INR per year, pre-tax.)
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