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Insurance Appraiser Average Salary in Nepal 2020

How much money does an Insurance Appraiser make in Nepal?

Average Monthly Salary
85,000 NPR
( 1,020,000 NPR yearly)


A person working as an Insurance Appraiser in Nepal typically earns around 85,000 NPR per month. Salaries range from 42,500 NPR (lowest) to 132,000 NPR (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 Nepal

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

  • Salary Range

    Insurance Appraiser salaries in Nepal range from 42,500 NPR per month (minimum salary) to 132,000 NPR per month (maximum salary).

  • Median Salary

    The median salary is 85,000 NPR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 85,000 NPR while the other half are earning more than 85,000 NPR. 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 57,400 NPR while 75% of them are earning more than 57,400 NPR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 108,000 NPR while 25% are earning more than 108,000 NPR.

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 Nepal 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 51,000 NPR per month.

While someone with an experience level between two and five years is expected to earn 67,500 NPR per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 90,200 NPR per month, 34% 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 108,000 NPR per month, 19% 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 116,000 NPR per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 125,000 NPR per month, 7% more than people with fifteen to twenty years of experience.

Insurance Appraiser average salary change by experience in Nepal

0 - 2 Years
51,000 NPR
2 - 5 Years+32%
67,500 NPR
5 - 10 Years+34%
90,200 NPR
10 - 15 Years+19%
108,000 NPR
15 - 20 Years+8%
116,000 NPR
20+ Years+7%
125,000 NPR
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 Nepal 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 75,500 NPR per month.

While someone with a Bachelor's Degree gets a salary of 117,000 NPR per month, 56% more than someone having a Certificate or Diploma degree.

Insurance Appraiser average salary difference by education level in Nepal

Certificate or Diploma
75,500 NPR
Bachelor's Degree+56%
117,000 NPR
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 Nepal 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 Nepal earn 6% more than their female counterparts on average.

87,100 NPR
82,400 NPR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Nepal for all Careers

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

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

Insurance Appraiser

Insurance Appraiser(s) in Nepal are likely to observe a salary increase of approximately 7% every 30 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Nepal 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.

Nepal / 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 Nepal is 2%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in Nepal 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 Nepal

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Nepal 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.

88% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 12% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% 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 Nepal

490 NPR per hour

The average hourly wage (pay per hour) in Nepal is 490 NPR. This means that the average Insurance Appraiser in Nepal earns approximately 490 NPR 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 Nepal
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The average salary for Insurance Appraiser is 5% 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 Analyst104,000 NPR+22%
Actuarial Assistant76,900 NPR-9%
Actuary103,000 NPR+21%
Adjustment Insurance Clerk30,300 NPR-64%
Assistant Broker50,700 NPR-40%
Assistant Claims Manager84,000 NPR-1%
Associate Insurance Representative40,100 NPR-53%
Auditing Insurance Manager115,000 NPR+35%
Broker77,800 NPR-8%
Claim Advocacy Professional80,300 NPR-5%
Claims Adjuster30,400 NPR-64%
Claims Analyst40,400 NPR-52%
Claims Examiner42,600 NPR-50%
Claims Manager110,000 NPR+29%
Claims Processor30,500 NPR-64%
Claims Representative34,900 NPR-59%
Claims Resolution Specialist90,700 NPR+7%
Claims Supervisor77,400 NPR-9%
Complaints Specialist74,500 NPR-12%
Compliance Officer65,800 NPR-23%
Consultant82,200 NPR-3%
Eligibility Specialist82,500 NPR-3%
Insurance Account Manager99,300 NPR+17%
Insurance Accounts Executive83,700 NPR-1%
Insurance Agent48,200 NPR-43%
Insurance Analyst76,500 NPR-10%
Insurance Appraiser85,000 NPR+0%
Insurance Claims Clerk30,000 NPR-65%
Insurance Examiner70,400 NPR-17%
Insurance Investigator76,100 NPR-10%
Insurance Manager137,000 NPR+61%
Insurance Operations Manager142,000 NPR+67%
Insurance Policy Processing Clerk28,600 NPR-66%
Insurance Pricing Assistant61,900 NPR-27%
Insurance Program Manager105,000 NPR+24%
Insurance Project Manager105,000 NPR+24%
Insurance Quality Assurance Agent67,200 NPR-21%
Insurance Sales Agent48,200 NPR-43%
Insurance Sales Director134,000 NPR+58%
Insurance Team Leader84,000 NPR-1%
Insurance Underwriter59,500 NPR-30%
Loss Control Specialist81,700 NPR-4%
Loss Prevention Investigator83,900 NPR-1%
Loss Prevention Manager112,000 NPR+32%
Loss Prevention Specialist86,100 NPR+1%
Marine Underwriter58,000 NPR-32%
Medical Auditor80,700 NPR-5%
Monitoring and Performance Officer58,400 NPR-31%
Payment Services Specialist80,900 NPR-5%
Policy Change Director129,000 NPR+52%
Policy Change Supervisor84,500 NPR-1%
Policy Change Technician39,900 NPR-53%
Risk Analyst92,200 NPR+9%
Risk Management Director152,000 NPR+79%
Risk Management Supervisor103,000 NPR+21%
Risk Manager147,000 NPR+73%
Risk Modeling Manager154,000 NPR+81%
Title Insurance Typist67,400 NPR-21%
Training Manager88,600 NPR+4%

Salary Comparison By City

CityAverage Salary
Kathmandu90,900 NPR
Pokhara80,100 NPR

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 Nepal earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
78,300 NPR
Public Sector+10%
86,400 NPR
Percentage increase and decrease are relative to the previous value

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