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Insurance Team Leader Average Salary in Pakistan 2024

How much money does a person working as Insurance Team Leader make in Pakistan?


Average Monthly Salary
83,500 PKR
( 1,000,000 PKR yearly)

LOW
41,700
PKR
AVERAGE
83,500
PKR
HIGH
129,000
PKR
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 Insurance Team Leader in Pakistan typically earns around 83,500 PKR. Salaries range from 41,700 PKR (lowest) to 129,000 PKR (highest).


Salary Variance

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



Insurance Team Leader Pay Scale and Salaries in Pakistan

Median and salary distribution Pakistan Insurance Team Leader monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
76,800 PKR or more
10% of people earn
68,000 to 76,800 PKR
20% of people earn
48,700 PKR or less
65% of people earn
48,700 to 68,000 PKR
Minimum Salary
41,700 PKR
Median
77,200 PKR
Maximum
129,000 PKR




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 Insurance Team Leader in Pakistan range from 41,700 PKR (starting salary) to 129,000 PKR (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 77,200 PKR, half of the professionals who work as Insurance Team Leader in Pakistan 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 Insurance Team Leader in Pakistan earn less than 63,400 PKR, while 75% earn more. Similarly, the chart shows that 75% earn less than 88,100 PKR 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 Insurance Team Leader in Pakistan compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 48,700 PKR to 68,000 PKR. About 20% of salaries are below the 48,700 PKR mark, while 10% fall within the range of 68,000 PKR to 76,800 PKR. Only 5% of individuals have salaries exceeding 76,800 PKR.

Salary Comparison by Years of Experience / Insurance Team Leader / Pakistan

How do experience and age affect pay?

0 - 2 Years
50,100 PKR
2 - 5 Years+32%
66,300 PKR
5 - 10 Years+34%
88,600 PKR
10 - 15 Years+19%
106,000 PKR
15 - 20 Years+8%
114,000 PKR
20+ Years+7%
122,000 PKR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Pakistan Insurance Team Leader
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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 Insurance Team Leader 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 50,100 PKR.

While someone with an experience level between two and five years is expected to earn 66,300 PKR, 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 88,600 PKR, 34% 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 106,000 PKR, 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 114,000 PKR, 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 122,000 PKR, 7% 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 / Insurance Team Leader / Pakistan

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Insurance Team Leader.

Certificate or Diploma
66,300 PKR
Bachelor's Degree+37%
90,800 PKR
Master's Degree+29%
117,000 PKR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Pakistan Insurance Team Leader
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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 Insurance Team Leader in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 66,300 PKR.


Level 2: Bachelor's Degree

At this level, the average salary becomes 90,800 PKR, 37% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 117,000 PKR, 29% 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 Pakistan costs anywhere from 410,000 PKR to 1,230,000 PKR 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 / Insurance Team Leader / Pakistan

Salary comparison by gender Pakistan Insurance Team Leader 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 Insurance Team Leader in Pakistan, the average difference between the salary of male and female employees is 7%.

Male
86,000 PKR
Female-7%
80,200 PKR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Pakistan for all Careers

Salary comparison by gender monthly Pakistan
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Average Annual Salary Increment Percentage / Insurance Team Leader / Pakistan

How much are annual salary increments in Pakistan for individuals working as Insurance Team Leader? How often do employees get salary raises?

Individuals working as Insurance Team Leader in Pakistan are likely to observe a salary increase of approximately 11% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Pakistan Insurance Team Leader
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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.

Pakistan / All Professions

Annual Salary Increment Rate Pakistan
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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 Pakistan is 5%.

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 / Insurance Team Leader / Pakistan

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Pakistan Insurance Team Leader
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49% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 51% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
51%
No Bonus
49%

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 / Insurance Team Leader / Pakistan


480 PKR per hour

The average hourly wage (pay per hour) for individuals working as Insurance Team Leader in Pakistan is 480 PKR.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 Insurance Team Leader in Pakistan is 240 PKR. 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 Analyst103,000 PKR+23%
Actuarial Assistant77,400 PKR-7%
Actuarial Specialist75,600 PKR-9%
Actuary105,000 PKR+26%
Adjustment Insurance Clerk29,700 PKR-64%
Assistant Broker52,500 PKR-37%
Assistant Claims Manager84,700 PKR+1%
Associate Insurance Representative42,300 PKR-49%
Auditing Insurance Manager114,000 PKR+37%
Blockchain Insurance Auditor77,800 PKR-7%
Broker80,200 PKR-4%
Claim Advocacy Professional78,900 PKR-5%
Claims Adjuster30,500 PKR-63%
Claims Analyst41,200 PKR-51%
Claims Examiner43,900 PKR-47%
Claims Manager115,000 PKR+38%
Claims Processor29,200 PKR-65%
Claims Representative37,100 PKR-56%
Claims Resolution Specialist90,300 PKR+8%
Claims Supervisor83,000 PKR-1%
Complaints Specialist73,900 PKR-11%
Compliance Examiner74,300 PKR-11%
Compliance Officer63,800 PKR-24%
Compliance Reviewer78,200 PKR-6%
Consultant78,200 PKR-6%
Drone Claims Adjuster35,800 PKR-57%
Eligibility Interviewer90,000 PKR+8%
Eligibility Specialist81,200 PKR-3%
Insurance Account Manager103,000 PKR+23%
Insurance Accounts Executive88,600 PKR+6%
Insurance Adjuster75,500 PKR-10%
Insurance Agent46,600 PKR-44%
Insurance Analyst76,300 PKR-9%
Insurance Appraiser79,900 PKR-4%
Insurance Claims Clerk28,500 PKR-66%
Insurance Compliance Officer95,000 PKR+14%
Insurance Data Scientist74,800 PKR-10%
Insurance Examiner75,000 PKR-10%
Insurance Fraud Investigator65,200 PKR-22%
Insurance Investigator74,300 PKR-11%
Insurance Manager137,000 PKR+64%
Insurance Operations Manager140,000 PKR+68%
Insurance Policy Processing Clerk31,300 PKR-62%
Insurance Pricing Assistant65,000 PKR-22%
Insurance Product Manager98,000 PKR+17%
Insurance Program Manager106,000 PKR+27%
Insurance Project Manager99,800 PKR+20%
Insurance Quality Assurance Agent70,300 PKR-16%
Insurance Sales Agent48,300 PKR-42%
Insurance Sales Director134,000 PKR+61%
Insurance Sales Manager106,000 PKR+27%
Insurance Sales Representative40,700 PKR-51%
Insurance Team Leader83,500 PKR+0%
Insurance Underwriter58,400 PKR-30%
Insurtech Analyst74,300 PKR-11%
Loss Control Specialist79,700 PKR-5%
Loss Prevention Investigator82,800 PKR-1%
Loss Prevention Manager112,000 PKR+34%
Loss Prevention Specialist87,200 PKR+4%
Marine Underwriter62,300 PKR-25%
Medical Auditor80,700 PKR-3%
Monitoring and Performance Officer54,200 PKR-35%
Parametric Insurance Specialist81,500 PKR-2%
Payment Services Specialist79,900 PKR-4%
Peer-to-Peer Insurance Manager93,500 PKR+12%
Policy Change Director130,000 PKR+56%
Policy Change Supervisor86,500 PKR+4%
Policy Change Technician37,400 PKR-55%
Risk Analyst88,700 PKR+6%
Risk Management Director148,000 PKR+77%
Risk Management Supervisor102,000 PKR+22%
Risk Manager147,000 PKR+76%
Risk Modeling Manager156,000 PKR+87%
Social Media Risk Analyst87,500 PKR+5%
Title Insurance Typist67,500 PKR-19%
Training Manager91,700 PKR+10%
Underwriting Assistant42,400 PKR-49%

Salary Comparison By City

CityAverage Salary
Islamabad78,000 PKR
Karachi96,500 PKR
Lahore89,000 PKR

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 Pakistan is 12% on average across all career fields.

Private Sector
76,500 PKR
Public Sector+12%
85,700 PKR
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 Insurance Team Leader in Pakistan?

A good and competitive compensation would range anywhere between 77,200 PKR and 88,100 PKR. 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 Insurance Team Leader in Pakistan ranges from 41,700 PKR to 63,400 PKR. 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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