A person working as Insurance Appraiser in Bangladesh typically earns around 27,900 BDT. Salaries range from 12,800 BDT (lowest) to 44,300 BDT (highest).
This is the average salary including housing, transport, and other benefits. Insurance Appraiser salaries in Bangladesh vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 12,800 BDT |
Median 26,600 BDT |
Maximum 44,300 BDT |
Salaries for the position Insurance Appraiser in Bangladesh range from 12,800 BDT (starting salary) to 44,300 BDT (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.
With a median salary of 26,600 BDT, half of the professionals who work as Insurance Appraiser in Bangladesh 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.
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 Appraiser in Bangladesh earn less than 21,500 BDT, while 75% earn more. Similarly, the chart shows that 75% earn less than 30,700 BDT while 25% earn more.
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 Appraiser in Bangladesh compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 15,900 BDT to 23,200 BDT. About 20% of salaries are below the 15,900 BDT mark, while 10% fall within the range of 23,200 BDT to 26,400 BDT. Only 5% of individuals have salaries exceeding 26,400 BDT.
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 |
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 Appraiser and this is what we found.
Employees with less than two years of experience earn approximately 14,500 BDT.
While someone with an experience level between two and five years is expected to earn 19,400 BDT, 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, 48% 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 35,000 BDT, 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, 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, 8% more than people with fifteen to twenty years of experience.
Certificate or Diploma | 16,900 BDT | |
Bachelor's Degree | +93% | 32,700 BDT |
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 Appraiser in order to make a comparison.
Employees at this education level have an average salary of 16,900 BDT.
At this level, the average salary becomes 32,700 BDT, 93% more than the previous level.
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 Appraiser in Bangladesh, the average difference between the salary of male and female employees is 21%.
Male | 30,600 BDT | |
Female | -18% | 25,200 BDT |
Individuals working as Insurance Appraiser 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.
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.
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
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.
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% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
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.
The main two types of jobs | |
Revenue Generators | Supporting 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: | Example: |
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.
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.
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.
The minimum pay rate per hour for people working as Insurance Appraiser in Bangladesh is 74 BDT. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Insurance | -100% | |
Actuarial Analyst | 37,700 BDT | +35% |
Actuarial Assistant | 24,500 BDT | -12% |
Actuarial Specialist | 25,300 BDT | -9% |
Actuary | 37,400 BDT | +34% |
Adjustment Insurance Clerk | 10,300 BDT | -63% |
Assistant Broker | 16,300 BDT | -42% |
Assistant Claims Manager | 30,100 BDT | +8% |
Associate Insurance Representative | 14,300 BDT | -49% |
Auditing Insurance Manager | 41,900 BDT | +50% |
Blockchain Insurance Auditor | 23,600 BDT | -15% |
Broker | 27,800 BDT | -0% |
Claim Advocacy Professional | 26,700 BDT | -4% |
Claims Adjuster | 9,660 BDT | -65% |
Claims Analyst | 13,800 BDT | -50% |
Claims Examiner | 14,000 BDT | -50% |
Claims Manager | 38,800 BDT | +39% |
Claims Processor | 10,400 BDT | -63% |
Claims Representative | 12,100 BDT | -57% |
Claims Resolution Specialist | 29,200 BDT | +5% |
Claims Supervisor | 25,500 BDT | -8% |
Complaints Specialist | 24,100 BDT | -14% |
Compliance Examiner | 26,200 BDT | -6% |
Compliance Officer | 21,300 BDT | -24% |
Compliance Reviewer | 23,900 BDT | -14% |
Consultant | 27,600 BDT | -1% |
Drone Claims Adjuster | 11,700 BDT | -58% |
Eligibility Interviewer | 28,700 BDT | +3% |
Eligibility Specialist | 26,300 BDT | -6% |
Insurance Account Manager | 33,100 BDT | +19% |
Insurance Accounts Executive | 28,000 BDT | +0% |
Insurance Adjuster | 24,300 BDT | -13% |
Insurance Agent | 16,600 BDT | -40% |
Insurance Analyst | 26,100 BDT | -6% |
Insurance Appraiser | 27,900 BDT | +0% |
Insurance Claims Clerk | 9,500 BDT | -66% |
Insurance Compliance Officer | 29,000 BDT | +4% |
Insurance Data Scientist | 24,100 BDT | -14% |
Insurance Examiner | 23,900 BDT | -14% |
Insurance Fraud Investigator | 22,200 BDT | -20% |
Insurance Investigator | 25,000 BDT | -10% |
Insurance Manager | 45,600 BDT | +64% |
Insurance Operations Manager | 46,800 BDT | +68% |
Insurance Policy Processing Clerk | 10,000 BDT | -64% |
Insurance Pricing Assistant | 20,400 BDT | -27% |
Insurance Product Manager | 31,900 BDT | +14% |
Insurance Program Manager | 36,000 BDT | +29% |
Insurance Project Manager | 35,200 BDT | +26% |
Insurance Quality Assurance Agent | 23,700 BDT | -15% |
Insurance Sales Agent | 16,400 BDT | -41% |
Insurance Sales Director | 42,500 BDT | +53% |
Insurance Sales Manager | 34,000 BDT | +22% |
Insurance Sales Representative | 14,600 BDT | -48% |
Insurance Team Leader | 29,300 BDT | +5% |
Insurance Underwriter | 19,800 BDT | -29% |
Insurtech Analyst | 25,400 BDT | -9% |
Loss Control Specialist | 26,400 BDT | -5% |
Loss Prevention Investigator | 28,900 BDT | +4% |
Loss Prevention Manager | 37,200 BDT | +34% |
Loss Prevention Specialist | 27,800 BDT | -0% |
Marine Underwriter | 19,100 BDT | -31% |
Medical Auditor | 26,900 BDT | -3% |
Monitoring and Performance Officer | 19,000 BDT | -32% |
Parametric Insurance Specialist | 27,300 BDT | -2% |
Payment Services Specialist | 27,900 BDT | +0% |
Peer-to-Peer Insurance Manager | 33,800 BDT | +21% |
Policy Change Director | 42,400 BDT | +52% |
Policy Change Supervisor | 29,800 BDT | +7% |
Policy Change Technician | 13,600 BDT | -51% |
Risk Analyst | 29,500 BDT | +6% |
Risk Management Director | 52,000 BDT | +87% |
Risk Management Supervisor | 34,200 BDT | +23% |
Risk Manager | 51,800 BDT | +86% |
Risk Modeling Manager | 47,700 BDT | +71% |
Social Media Risk Analyst | 26,700 BDT | -4% |
Title Insurance Typist | 23,800 BDT | -15% |
Training Manager | 28,500 BDT | +2% |
Underwriting Assistant | 13,000 BDT | -53% |
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 Bangladesh is 25% on average across all career fields.
Private Sector | 23,200 BDT | |
Public Sector | +25% | 29,000 BDT |
A good and competitive compensation would range anywhere between 26,600 BDT and 30,700 BDT. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Insurance Appraiser in Bangladesh ranges from 12,800 BDT to 21,500 BDT. 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.
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