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Insurance Appraiser Average Salary in Pakistan 2020

How much money does an Insurance Appraiser make in Pakistan?


Average Monthly Salary
79,900 PKR
( 958,000 PKR yearly)

LOW
40,700
PKR
AVERAGE
79,900
PKR
HIGH
123,000
PKR

A person working as an Insurance Appraiser in Pakistan typically earns around 79,900 PKR per month. Salaries range from 40,700 PKR (lowest) to 123,000 PKR (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 Pakistan

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

  • Salary Range

    Insurance Appraiser salaries in Pakistan range from 40,700 PKR per month (minimum salary) to 123,000 PKR per month (maximum salary).

  • Median Salary

    The median salary is 78,300 PKR per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 78,300 PKR while the other half are earning more than 78,300 PKR. 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 53,600 PKR while 75% of them are earning more than 53,600 PKR. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 98,600 PKR while 25% are earning more than 98,600 PKR.


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 Pakistan 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 45,700 PKR per month.

While someone with an experience level between two and five years is expected to earn 59,700 PKR per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 83,500 PKR per month, 40% 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 100,000 PKR per month, 20% 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 109,000 PKR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 118,000 PKR per month, 8% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Pakistan

0 - 2 Years
45,700 PKR
2 - 5 Years+31%
59,700 PKR
5 - 10 Years+40%
83,500 PKR
10 - 15 Years+20%
100,000 PKR
15 - 20 Years+9%
109,000 PKR
20+ Years+8%
118,000 PKR
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 Pakistan 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 53,900 PKR per month.

While someone with a Bachelor's Degree gets a salary of 97,500 PKR per month, 81% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Pakistan

Certificate or Diploma
53,900 PKR
Bachelor's Degree+81%
97,500 PKR
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 Pakistan 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 Pakistan earn 21% more than their female counterparts on average.

Male
87,800 PKR
Female-17%
72,800 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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Insurance Appraiser Average Annual Salary Increment Percentage in Pakistan

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

Insurance Appraiser

Insurance Appraiser(s) 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 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.

Pakistan / 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 Pakistan is 5%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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

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

75% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 25% 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
25%
No Bonus
75%

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.

Insurance Appraiser Average Hourly Wage in Pakistan


460 PKR per hour

The average hourly wage (pay per hour) in Pakistan is 460 PKR. This means that the average Insurance Appraiser in Pakistan earns approximately 460 PKR 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 Pakistan
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The average salary for Insurance Appraiser is 3% less than that of Insurance. Also, Insurance salaries are 0% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Actuarial Analyst103,000 PKR+29%
Actuarial Assistant77,400 PKR-3%
Actuary105,000 PKR+31%
Adjustment Insurance Clerk29,700 PKR-63%
Assistant Broker52,500 PKR-34%
Assistant Claims Manager84,700 PKR+6%
Associate Insurance Representative42,300 PKR-47%
Auditing Insurance Manager114,000 PKR+43%
Broker80,200 PKR+0%
Claim Advocacy Professional78,900 PKR-1%
Claims Adjuster30,500 PKR-62%
Claims Analyst41,200 PKR-48%
Claims Examiner43,900 PKR-45%
Claims Manager115,000 PKR+44%
Claims Processor29,200 PKR-63%
Claims Representative37,100 PKR-54%
Claims Resolution Specialist90,300 PKR+13%
Claims Supervisor83,000 PKR+4%
Complaints Specialist73,900 PKR-7%
Compliance Officer63,800 PKR-20%
Consultant78,200 PKR-2%
Eligibility Specialist81,200 PKR+2%
Insurance Account Manager103,000 PKR+29%
Insurance Accounts Executive88,600 PKR+11%
Insurance Agent46,600 PKR-42%
Insurance Analyst76,300 PKR-4%
Insurance Appraiser79,900 PKR+0%
Insurance Claims Clerk28,500 PKR-64%
Insurance Examiner75,000 PKR-6%
Insurance Investigator74,300 PKR-7%
Insurance Manager137,000 PKR+72%
Insurance Operations Manager140,000 PKR+75%
Insurance Policy Processing Clerk31,300 PKR-61%
Insurance Pricing Assistant65,000 PKR-19%
Insurance Program Manager106,000 PKR+33%
Insurance Project Manager99,800 PKR+25%
Insurance Quality Assurance Agent70,300 PKR-12%
Insurance Sales Agent48,300 PKR-40%
Insurance Sales Director134,000 PKR+68%
Insurance Team Leader83,500 PKR+5%
Insurance Underwriter58,400 PKR-27%
Loss Control Specialist79,700 PKR-0%
Loss Prevention Investigator82,800 PKR+4%
Loss Prevention Manager112,000 PKR+40%
Loss Prevention Specialist87,200 PKR+9%
Marine Underwriter62,300 PKR-22%
Medical Auditor80,700 PKR+1%
Monitoring and Performance Officer54,200 PKR-32%
Payment Services Specialist79,900 PKR+0%
Policy Change Director130,000 PKR+63%
Policy Change Supervisor86,500 PKR+8%
Policy Change Technician37,400 PKR-53%
Risk Analyst88,700 PKR+11%
Risk Management Director148,000 PKR+85%
Risk Management Supervisor102,000 PKR+28%
Risk Manager147,000 PKR+84%
Risk Modeling Manager156,000 PKR+95%
Title Insurance Typist67,500 PKR-15%
Training Manager91,700 PKR+15%

Salary Comparison By City

CityAverage Salary
Bahawalpur75,300 PKR
Faisalabad89,200 PKR
Gujranwala85,600 PKR
Hyderabad76,800 PKR
Islamabad74,900 PKR
Karachi92,700 PKR
Lahore86,500 PKR
Multan82,500 PKR
Peshawar79,700 PKR
Quetta77,200 PKR
Rawalpindi83,200 PKR
Sargodha73,800 PKR
Sialkot68,500 PKR

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 Pakistan earn 12% more than their private sector counterparts on average across all sectors.

Private Sector
76,200 PKR
Public Sector+12%
85,400 PKR
Percentage increase and decrease are relative to the previous value

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