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Assistant Claims Manager Average Salary in India 2024

How much money does a person working as Assistant Claims Manager make in India?


Average Monthly Salary
34,400 INR
( 413,000 INR yearly)

LOW
16,500
INR
AVERAGE
34,400
INR
HIGH
54,100
INR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Assistant Claims Manager in India typically earns around 34,400 INR. Salaries range from 16,500 INR (lowest) to 54,100 INR (highest).


Salary Variance

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



Assistant Claims Manager Pay Scale and Salaries in India

Median and salary distribution India Assistant Claims Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
32,200 INR or more
10% of people earn
28,300 to 32,200 INR
20% of people earn
19,900 INR or less
65% of people earn
19,900 to 28,300 INR
Minimum Salary
16,500 INR
Median
32,400 INR
Maximum
54,100 INR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Assistant Claims Manager in India range from 16,500 INR (starting salary) to 54,100 INR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 32,400 INR, half of the professionals who work as Assistant Claims Manager in India earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Assistant Claims Manager in India earn less than 26,400 INR, while 75% earn more. Similarly, the chart shows that 75% earn less than 37,100 INR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Assistant Claims Manager in India compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 19,900 INR to 28,300 INR. About 20% of salaries are below the 19,900 INR mark, while 10% fall within the range of 28,300 INR to 32,200 INR. Only 5% of individuals have salaries exceeding 32,200 INR.

Salary Comparison by Years of Experience / Assistant Claims Manager / India

How do experience and age affect pay?

0 - 2 Years
19,300 INR
2 - 5 Years+42%
27,400 INR
5 - 10 Years+31%
36,000 INR
10 - 15 Years+23%
44,300 INR
15 - 20 Years+6%
47,100 INR
20+ Years+10%
51,600 INR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly India Assistant Claims Manager
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Assistant Claims Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 19,300 INR.

While someone with an experience level between two and five years is expected to earn 27,400 INR, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 36,000 INR, 31% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 44,300 INR, 23% 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 47,100 INR, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 51,600 INR, 10% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Assistant Claims Manager / India

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Assistant Claims Manager.

Certificate or Diploma
24,000 INR
Bachelor's Degree+59%
38,300 INR
Master's Degree+33%
51,100 INR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly India Assistant Claims Manager
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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 salaries by education level for the position Assistant Claims Manager in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 24,000 INR.


Level 2: Bachelor's Degree

At this level, the average salary becomes 38,300 INR, 59% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 51,100 INR, 33% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in India costs anywhere from 160,000 INR to 481,000 INR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Assistant Claims Manager / India

Salary comparison by gender India Assistant Claims Manager monthly
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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? For the people who work as Assistant Claims Manager in India, the average difference between the salary of male and female employees is 9%.

Male
36,500 INR
Female-8%
33,500 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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Average Annual Salary Increment Percentage / Assistant Claims Manager / India

How much are annual salary increments in India for individuals working as Assistant Claims Manager? How often do employees get salary raises?

Individuals working as Assistant Claims Manager in India are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.

Annual Salary Increment Rate India Assistant Claims Manager
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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

Annual Salary Increment Rate India
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Assistant Claims Manager / India

How much and how often are bonuses being awarded?Annual Salary Bonus Rate India Assistant Claims Manager
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18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
82%
No Bonus
18%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Average Hourly Wage / Assistant Claims Manager / India


200 INR per hour

The average hourly wage (pay per hour) for individuals working as Assistant Claims Manager in India is 200 INR.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Assistant Claims Manager in India is 95 INR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Insurance-100%
Actuarial Analyst42,800 INR+24%
Actuarial Assistant30,100 INR-13%
Actuarial Specialist30,500 INR-11%
Actuary42,800 INR+24%
Adjustment Insurance Clerk11,900 INR-65%
Assistant Broker20,200 INR-41%
Assistant Claims Manager34,400 INR-0%
Associate Insurance Representative16,600 INR-52%
Auditing Insurance Manager47,500 INR+38%
Blockchain Insurance Auditor29,500 INR-14%
Broker32,100 INR-7%
Claim Advocacy Professional32,100 INR-7%
Claims Adjuster11,900 INR-65%
Claims Analyst16,600 INR-52%
Claims Examiner16,600 INR-52%
Claims Manager45,100 INR+31%
Claims Processor11,900 INR-65%
Claims Representative14,300 INR-58%
Claims Resolution Specialist34,400 INR-0%
Claims Supervisor31,700 INR-8%
Complaints Specialist29,300 INR-15%
Compliance Examiner30,100 INR-13%
Compliance Officer25,700 INR-25%
Compliance Reviewer29,700 INR-14%
Consultant31,700 INR-8%
Drone Claims Adjuster14,300 INR-58%
Eligibility Interviewer34,000 INR-1%
Eligibility Specialist32,100 INR-7%
Insurance Account Manager39,200 INR+14%
Insurance Accounts Executive34,400 INR-0%
Insurance Adjuster29,700 INR-14%
Insurance Agent19,000 INR-45%
Insurance Analyst31,300 INR-9%
Insurance Appraiser32,100 INR-7%
Insurance Claims Clerk11,900 INR-65%
Insurance Compliance Officer36,100 INR+5%
Insurance Data Scientist29,500 INR-14%
Insurance Examiner29,300 INR-15%
Insurance Fraud Investigator26,600 INR-23%
Insurance Investigator30,100 INR-13%
Insurance Manager57,000 INR+66%
Insurance Operations Manager54,600 INR+59%
Insurance Policy Processing Clerk11,900 INR-65%
Insurance Pricing Assistant25,200 INR-27%
Insurance Product Manager37,500 INR+9%
Insurance Program Manager41,800 INR+21%
Insurance Project Manager40,400 INR+17%
Insurance Quality Assurance Agent27,600 INR-20%
Insurance Sales Agent19,000 INR-45%
Insurance Sales Director52,300 INR+52%
Insurance Sales Manager41,600 INR+21%
Insurance Sales Representative16,600 INR-52%
Insurance Team Leader33,600 INR-2%
Insurance Underwriter23,800 INR-31%
Insurtech Analyst29,500 INR-14%
Loss Control Specialist30,900 INR-10%
Loss Prevention Investigator33,300 INR-3%
Loss Prevention Manager46,600 INR+35%
Loss Prevention Specialist34,000 INR-1%
Marine Underwriter23,800 INR-31%
Medical Auditor33,600 INR-2%
Monitoring and Performance Officer22,600 INR-34%
Parametric Insurance Specialist31,800 INR-8%
Payment Services Specialist32,100 INR-7%
Peer-to-Peer Insurance Manager38,500 INR+12%
Policy Change Director49,900 INR+45%
Policy Change Supervisor34,400 INR-0%
Policy Change Technician15,400 INR-55%
Risk Analyst35,600 INR+3%
Risk Management Director61,800 INR+79%
Risk Management Supervisor39,900 INR+16%
Risk Manager59,400 INR+72%
Risk Modeling Manager59,400 INR+72%
Social Media Risk Analyst33,300 INR-3%
Title Insurance Typist27,300 INR-21%
Training Manager35,200 INR+2%
Underwriting Assistant16,200 INR-53%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in India is 5% on average across all career fields.

Private Sector
31,100 INR
Public Sector+5%
32,800 INR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Assistant Claims Manager in India?

A good and competitive compensation would range anywhere between 32,400 INR and 37,100 INR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Assistant Claims Manager in India ranges from 16,500 INR to 26,400 INR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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