Home > Salary > India > Senior Actuary
A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies.
Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Estimated Yearly Salary: 4,891,176 INR
Estimated Monthly Salary: 407,598 INR
Estimated Weekly Salary: 94,061 INR per week
Estimated Hourly Salary: 2,352 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 395,183 INR
Estimated Weekly Salary: 91,196 INR per week
Estimated Hourly Salary: 2,280 INR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 54,549 USD
Estimated Monthly Salary: 4,546 USD
Estimated Weekly Salary: 1,049 USD per week
Estimated Hourly Salary: 26 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: 4,891,176 INR
Estimated Monthly Salary: 407,598 INR
Estimated Weekly Salary: 94,061 INR per week
Estimated Hourly Salary: 2,352 INR per hour
By working as Senior Actuary a person can save up to 3,651 USD per month or 43,807 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 Senior Actuary
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Infrastructure analyst (2,027,869 INR per year, pre-tax.)
Maintenance machinist (1,997,910 INR per year, pre-tax.)
Bail bonds agent (1,070,646 INR per year, pre-tax.)
Ap associate (1,404,549 INR per year, pre-tax.)
Oil delivery driver (1,221,562 INR per year, pre-tax.)
Senior Actuary salary in India
Average Yearly Salary of Senior Actuary in India is approximately 4,891,176 INR (54,549 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 Senior Actuary do?
A senior actuary is a highly skilled professional who specializes in assessing and managing financial risks for insurance companies, consulting firms, or government agencies. They use mathematical and statistical models to analyze data and make predictions about future events, such as mortality rates, accident frequencies, or investment returns. Senior actuaries play a crucial role in determining insurance premiums, designing pension plans, and evaluating the financial stability of insurance companies.
Their responsibilities include conducting complex risk assessments, developing pricing models, and providing guidance on strategic planning and decision-making. They also collaborate with other professionals, such as underwriters, investment managers, and executives, to ensure the financial health and profitability of their organizations. Strong analytical skills, attention to detail, and the ability to communicate complex concepts in a clear manner are essential for success in this occupation.
Skills: Senior Actuary, Risk Assessment, Financial Modeling, Insurance Pricing, Pension Planning, Data Analysis
Job industry: Insurance
Job industry: Insurance
How much does Senior Actuary make?
Salary details
How much does Senior Actuary make?Estimated Yearly Salary: 4,891,176 INR
Estimated Monthly Salary: 407,598 INR
Estimated Weekly Salary: 94,061 INR per week
Estimated Hourly Salary: 2,352 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 4,742,190 INREstimated Monthly Salary: 395,183 INR
Estimated Weekly Salary: 91,196 INR per week
Estimated Hourly Salary: 2,280 INR per hour
Last revision of data: 2024-01-05Senior Actuary estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 54,549 USD
Estimated Monthly Salary: 4,546 USD
Estimated Weekly Salary: 1,049 USD per week
Estimated Hourly Salary: 26 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
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
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 Senior Actuary job salary compared to average salary in India.
Comparison shows that a person working as Senior Actuary in India earns on average:
2.64 times the average salary (or 264% 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 Senior Actuary job salary compared to average salary in India.
Comparison shows that a person working as Senior Actuary in India earns on average:
2.64 times the average salary (or 264% of average salary).
Is Senior Actuary a well paid job?
Yes, our data show that Senior Actuary 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 Senior Actuary?
High salary for Senior Actuary would be somewhere between 5,380,294 INR and 7,092,205 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Senior Actuary 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: 4,891,176 INR
Estimated Monthly Salary: 407,598 INR
Estimated Weekly Salary: 94,061 INR per week
Estimated Hourly Salary: 2,352 INR per hour
By working as Senior Actuary a person can save up to 3,651 USD per month or 43,807 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 Senior Actuary
Pakistan is 3,862 USD
China is 31,365 USD
Nepal is 17,881 USD
Bangladesh is 6,863 USD
Afghanistan is 14,619 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:
Infrastructure analyst (2,027,869 INR per year, pre-tax.)
Maintenance machinist (1,997,910 INR per year, pre-tax.)
Bail bonds agent (1,070,646 INR per year, pre-tax.)
Ap associate (1,404,549 INR per year, pre-tax.)
Oil delivery driver (1,221,562 INR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=india&job=senior-actuary'><img src='https://optisalary.com/wp-content/graphs/salary/senior-actuary-salary-in-india-2025.jpg' alt='senior actuary salary in india 2025' title='senior actuary salary in india 2025' /></a>
Please note:optisalary.com aggregates salary data for informational purposes exclusively.
Salary details displayed on this website are meant for reference purposes exclusively. Our data is sourced through various inputs and may not always be up to date. Users must verify salary information through other means before making employment decisions. The figures shown here may change due to factors such as location, industry standards, and individual skill sets. We cannot warrant that the data provided is flawless. By using this website, you agree that salary information is offered 'as is' and without assurances.
All salary data on optisalary.com are for reference use only. We compile data from various trusted sources, yet cannot guarantee complete accuracy. Before making career choices, visitors should cross-check with additional authoritative sources. Salaries change due to several influences, including economic conditions, job market trends, and geographic location. We disclaim any responsibility for misrepresentations in the salary estimates provided here. Your use with optisalary.com indicates acceptance of this disclaimer.