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Insurance Appraiser Average Salary in India 2020

How much money does an Insurance Appraiser make in India?

Average Monthly Salary
32,100 INR
( 385,000 INR yearly)


A person working as an Insurance Appraiser in India typically earns around 32,100 INR per month. Salaries range from 17,000 INR (lowest) to 48,700 INR (highest).

This is the average monthly salary including housing, transport, and other benefits. Insurance Appraiser salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Insurance Appraiser Salary Distribution in India

Median and salary distribution monthly India Insurance Appraiser
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The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in India range from 17,000 INR per month (minimum salary) to 48,700 INR per month (maximum salary).

  • Median Salary

    The median salary is 30,100 INR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 30,100 INR while the other half are earning more than 30,100 INR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Insurance Appraiser(s) are earning less than 21,200 INR while 75% of them are earning more than 21,200 INR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 37,100 INR while 25% are earning more than 37,100 INR.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Insurance Appraiser Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly India Insurance Appraiser
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Insurance Appraiser salaries by experience level and this is what we found.

An Insurance Appraiser with less than two years of experience makes approximately 19,500 INR per month.

While someone with an experience level between two and five years is expected to earn 24,000 INR per month, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 34,000 INR per month, 42% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Insurance Appraiser(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 39,700 INR per month, 17% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 43,700 INR per month, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 46,200 INR per month, 6% more than people with fifteen to twenty years of experience.

Insurance Appraiser average salary change by experience in India

0 - 2 Years
19,500 INR
2 - 5 Years+23%
24,000 INR
5 - 10 Years+42%
34,000 INR
10 - 15 Years+17%
39,700 INR
15 - 20 Years+10%
43,700 INR
20+ Years+6%
46,200 INR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Insurance Appraiser Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Insurance Appraiser(s) who have the same experience but different education levels.

Salary comparison by education level monthly India Insurance Appraiser
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Insurance Appraiser salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Insurance Appraiser is 25,900 INR per month.

While someone with a Bachelor's Degree gets a salary of 37,900 INR per month, 47% more than someone having a Certificate or Diploma degree.

Insurance Appraiser average salary difference by education level in India

Certificate or Diploma
25,900 INR
Bachelor's Degree+47%
37,900 INR
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly India Insurance Appraiser
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Insurance Appraiser employees in India earn 15% more than their female counterparts on average.

33,700 INR
29,400 INR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in India for all Careers

Salary comparison by gender monthly India
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Insurance Appraiser Average Annual Salary Increment Percentage in India

How much are annual salary increments in India for Insurance Appraiser(s)? How often do employees get salary raises?

Insurance Appraiser

Insurance Appraiser(s) in India are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate India Insurance Appraiser
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

India / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in India is 7%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in India for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Insurance Appraiser Bonus and Incentive Rates in India

How much and how often are bonuses being awarded?Annual Salary Bonus Rate India Insurance Appraiser
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An Insurance Appraiser is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

73% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 27% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Insurance Appraiser Average Hourly Wage in India

180 INR per hour

The average hourly wage (pay per hour) in India is 180 INR. This means that the average Insurance Appraiser in India earns approximately 180 INR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Insurance Appraiser VS Other Jobs

Salary Comparison Between Insurance Appraiser and Insurance monthly India
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The average salary for Insurance Appraiser is 0% more than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst42,800 INR+33%
Actuarial Assistant30,100 INR-6%
Actuary42,800 INR+33%
Adjustment Insurance Clerk11,900 INR-63%
Assistant Broker20,200 INR-37%
Assistant Claims Manager34,400 INR+7%
Associate Insurance Representative16,600 INR-48%
Auditing Insurance Manager47,500 INR+48%
Broker32,100 INR+0%
Claim Advocacy Professional32,100 INR+0%
Claims Adjuster11,900 INR-63%
Claims Analyst16,600 INR-48%
Claims Examiner16,600 INR-48%
Claims Manager45,100 INR+41%
Claims Processor11,900 INR-63%
Claims Representative14,300 INR-55%
Claims Resolution Specialist34,400 INR+7%
Claims Supervisor31,700 INR-1%
Complaints Specialist29,300 INR-9%
Compliance Officer25,700 INR-20%
Consultant31,700 INR-1%
Eligibility Specialist32,100 INR+0%
Insurance Account Manager39,200 INR+22%
Insurance Accounts Executive34,400 INR+7%
Insurance Agent19,000 INR-41%
Insurance Analyst31,300 INR-2%
Insurance Appraiser32,100 INR+0%
Insurance Claims Clerk11,900 INR-63%
Insurance Examiner29,300 INR-9%
Insurance Investigator30,100 INR-6%
Insurance Manager57,000 INR+78%
Insurance Operations Manager54,600 INR+70%
Insurance Policy Processing Clerk11,900 INR-63%
Insurance Pricing Assistant25,200 INR-21%
Insurance Program Manager41,800 INR+30%
Insurance Project Manager40,400 INR+26%
Insurance Quality Assurance Agent27,600 INR-14%
Insurance Sales Agent19,000 INR-41%
Insurance Sales Director52,300 INR+63%
Insurance Team Leader33,600 INR+5%
Insurance Underwriter23,800 INR-26%
Loss Control Specialist30,900 INR-4%
Loss Prevention Investigator33,300 INR+4%
Loss Prevention Manager46,600 INR+45%
Loss Prevention Specialist34,000 INR+6%
Marine Underwriter23,800 INR-26%
Medical Auditor33,600 INR+5%
Monitoring and Performance Officer22,600 INR-30%
Payment Services Specialist32,100 INR+0%
Policy Change Director49,900 INR+56%
Policy Change Supervisor34,400 INR+7%
Policy Change Technician15,400 INR-52%
Risk Analyst35,600 INR+11%
Risk Management Director61,800 INR+93%
Risk Management Supervisor39,900 INR+24%
Risk Manager59,400 INR+85%
Risk Modeling Manager59,400 INR+85%
Title Insurance Typist27,300 INR-15%
Training Manager35,200 INR+10%

Salary Comparison By City

CityAverage Salary
agra30,200 INR
Ahmadabad35,400 INR
Bangalore38,200 INR
Bhopal31,500 INR
Chennai35,200 INR
Coimbatore32,700 INR
Delhi35,100 INR
Ghaziabad31,400 INR
Hyderabad36,500 INR
Indore33,500 INR
Jaipur32,600 INR
Kanpur34,000 INR
Kolkata36,800 INR
Lucknow32,600 INR
Ludhiana31,200 INR
Madurai29,100 INR
Mumbai37,500 INR
Nagpur33,300 INR
Patna29,700 INR
Pimpri-Chinchwad32,200 INR
Pune33,000 INR
Surat36,100 INR
Vadodara29,700 INR
Visakhapatnam31,600 INR

Salary Comparison By State

StateAverage Salary
Andaman & Nicobar Islands28,500 INR
Andhra Pradesh34,900 INR
Arunachal Pradesh30,900 INR
Assam33,500 INR
Bihar39,400 INR
Chandigarh28,000 INR
Chhatisgarh34,500 INR
Dadra & Nagar Haveli27,200 INR
Daman & Diu28,000 INR
Delhi31,700 INR
Goa30,300 INR
Gujarat34,900 INR
Haryana33,600 INR
Himachal Pradesh30,600 INR
Jammu & Kashmir32,900 INR
Jharkhand33,800 INR
Karnataka36,900 INR
Kerala33,400 INR
Lakshadweep27,300 INR
Madhya Pradesh39,700 INR
Maharashtra38,400 INR
Manipur32,900 INR
Meghalaya30,900 INR
Mizoram30,700 INR
Nagaland30,500 INR
Orissa37,300 INR
Pondicherry29,500 INR
Punjab35,800 INR
Rajasthan37,100 INR
Sikkim29,800 INR
Tamil Nadu36,700 INR
Tripura32,900 INR
Uttar Pradesh40,500 INR
Uttaranchal31,900 INR
West Bengal37,500 INR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in India earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
31,000 INR
Public Sector+5%
32,700 INR
Percentage increase and decrease are relative to the previous value

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