HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Insurance Appraiser Average Salary in Bangladesh 2020

How much money does an Insurance Appraiser make in Bangladesh?


Average Monthly Salary
27,900 BDT
( 334,000 BDT yearly)

LOW
12,800
BDT
AVERAGE
27,900
BDT
HIGH
44,300
BDT

A person working as an Insurance Appraiser in Bangladesh typically earns around 27,900 BDT per month. Salaries range from 12,800 BDT (lowest) to 44,300 BDT (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 Bangladesh

Median and salary distribution monthly Bangladesh Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/insurance/insurance-appraiser/median-and-salary-distribution-monthly-bangladesh-insurance-appraiser.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Insurance Appraiser salaries in Bangladesh range from 12,800 BDT per month (minimum salary) to 44,300 BDT per month (maximum salary).

  • Median Salary

    The median salary is 30,100 BDT per month, which means that half (50%) of people working as Insurance Appraiser(s) are earning less than 30,100 BDT while the other half are earning more than 30,100 BDT. 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 19,300 BDT while 75% of them are earning more than 19,300 BDT. Also from the diagram, 75% of Insurance Appraiser(s) are earning less than 40,200 BDT while 25% are earning more than 40,200 BDT.


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 Bangladesh Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/insurance/insurance-appraiser/salary-comparison-by-years-of-experience-monthly-bangladesh-insurance-appraiser.jpg

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 14,500 BDT per month.

While someone with an experience level between two and five years is expected to earn 19,400 BDT per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 28,700 BDT per month, 48% 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 35,000 BDT per month, 22% 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 38,200 BDT 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 41,300 BDT per month, 8% more than people with fifteen to twenty years of experience.


Insurance Appraiser average salary change by experience in Bangladesh

0 - 2 Years
14,500 BDT
2 - 5 Years+34%
19,400 BDT
5 - 10 Years+48%
28,700 BDT
10 - 15 Years+22%
35,000 BDT
15 - 20 Years+9%
38,200 BDT
20+ Years+8%
41,300 BDT
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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 Bangladesh Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/insurance/insurance-appraiser/salary-comparison-by-education-level-monthly-bangladesh-insurance-appraiser.jpg

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 16,900 BDT per month.

While someone with a Bachelor's Degree gets a salary of 32,700 BDT per month, 93% more than someone having a Certificate or Diploma degree.


Insurance Appraiser average salary difference by education level in Bangladesh

Certificate or Diploma
16,900 BDT
Bachelor's Degree+93%
32,700 BDT
Percentage increase and decrease are relative to the previous value

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Insurance Appraiser Salary Comparison By Gender

Salary comparison by gender monthly Bangladesh Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/insurance/insurance-appraiser/salary-comparison-by-gender-monthly-bangladesh-insurance-appraiser.jpg

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 Bangladesh earn 21% more than their female counterparts on average.

Male
30,600 BDT
Female-18%
25,200 BDT
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bangladesh for all Careers

Salary comparison by gender monthly Bangladesh
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/salary-comparison-by-gender-monthly-bangladesh.jpg

Insurance Appraiser Average Annual Salary Increment Percentage in Bangladesh

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

Insurance Appraiser

Insurance Appraiser(s) in Bangladesh are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bangladesh Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/insurance/insurance-appraiser/annual-salary-increment-rate-bangladesh-insurance-appraiser.jpg


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.

Bangladesh / 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 Bangladesh is 2%.

Annual Increment Rate By Industry 2019

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Insurance Appraiser Bonus and Incentive Rates in Bangladesh

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bangladesh Insurance Appraiser
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/insurance/insurance-appraiser/annual-salary-bonus-rate-bangladesh-insurance-appraiser.jpg

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.

84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.

Received Bonus
16%
No Bonus
84%

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 Bangladesh


160 BDT per hour

The average hourly wage (pay per hour) in Bangladesh is 160 BDT. This means that the average Insurance Appraiser in Bangladesh earns approximately 160 BDT 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 Bangladesh
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bangladesh/insurance/insurance-appraiser/salary-comparison-between-insurance-appraiser-and-insurance-monthly-bangladesh.jpg

The average salary for Insurance Appraiser is 7% 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 Analyst37,700 BDT+35%
Actuarial Assistant24,500 BDT-12%
Actuary37,400 BDT+34%
Adjustment Insurance Clerk10,300 BDT-63%
Assistant Broker16,300 BDT-42%
Assistant Claims Manager30,100 BDT+8%
Associate Insurance Representative14,300 BDT-49%
Auditing Insurance Manager41,900 BDT+50%
Broker27,800 BDT-0%
Claim Advocacy Professional26,700 BDT-4%
Claims Adjuster9,660 BDT-65%
Claims Analyst13,800 BDT-50%
Claims Examiner14,000 BDT-50%
Claims Manager38,800 BDT+39%
Claims Processor10,400 BDT-63%
Claims Representative12,100 BDT-57%
Claims Resolution Specialist29,200 BDT+5%
Claims Supervisor25,500 BDT-8%
Complaints Specialist24,100 BDT-14%
Compliance Officer21,300 BDT-24%
Consultant27,600 BDT-1%
Eligibility Specialist26,300 BDT-6%
Insurance Account Manager33,100 BDT+19%
Insurance Accounts Executive28,000 BDT+0%
Insurance Agent16,600 BDT-40%
Insurance Analyst26,100 BDT-6%
Insurance Appraiser27,900 BDT+0%
Insurance Claims Clerk9,500 BDT-66%
Insurance Examiner23,900 BDT-14%
Insurance Investigator25,000 BDT-10%
Insurance Manager45,600 BDT+64%
Insurance Operations Manager46,800 BDT+68%
Insurance Policy Processing Clerk10,000 BDT-64%
Insurance Pricing Assistant20,400 BDT-27%
Insurance Program Manager36,000 BDT+29%
Insurance Project Manager35,200 BDT+26%
Insurance Quality Assurance Agent23,700 BDT-15%
Insurance Sales Agent16,400 BDT-41%
Insurance Sales Director42,500 BDT+53%
Insurance Team Leader29,300 BDT+5%
Insurance Underwriter19,800 BDT-29%
Loss Control Specialist26,400 BDT-5%
Loss Prevention Investigator28,900 BDT+4%
Loss Prevention Manager37,200 BDT+34%
Loss Prevention Specialist27,800 BDT-0%
Marine Underwriter19,100 BDT-31%
Medical Auditor26,900 BDT-3%
Monitoring and Performance Officer19,000 BDT-32%
Payment Services Specialist27,900 BDT+0%
Policy Change Director42,400 BDT+52%
Policy Change Supervisor29,800 BDT+7%
Policy Change Technician13,600 BDT-51%
Risk Analyst29,500 BDT+6%
Risk Management Director52,000 BDT+87%
Risk Management Supervisor34,200 BDT+23%
Risk Manager51,800 BDT+86%
Risk Modeling Manager47,700 BDT+71%
Title Insurance Typist23,800 BDT-15%
Training Manager28,500 BDT+2%

Salary Comparison By City

CityAverage Salary
Barisal25,500 BDT
Bogra26,300 BDT
Chandpur23,400 BDT
Chittagong29,600 BDT
Coxs Bazar25,700 BDT
Dhaka30,200 BDT
Jamalpur25,100 BDT
Jessore26,100 BDT
Khulna26,900 BDT
Rajshahi27,400 BDT
St. Martin22,800 BDT
Sylhet27,200 BDT

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 Bangladesh earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
23,200 BDT
Public Sector+25%
28,900 BDT
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020