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Insurance Average Salaries in Bangladesh 2019

How much money does a person working in Insurance make in Bangladesh?

57,266 BDT per month
Average Monthly Salary
A person working in Insurance in Bangladesh typically earns around 57,266 BDT per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Insurance jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Actuarial Analyst74,295 BDT
Actuarial Assistant53,655 BDT
Actuary72,214 BDT
Adjustment Insurance Clerk40,651 BDT
Assistant Broker50,518 BDT
Assistant Claims Manager66,002 BDT
Associate Insurance Representative47,058 BDT
Auditing Insurance Manager91,915 BDT
Broker60,977 BDT
Claim Advocacy Professional58,490 BDT
Claims Adjuster39,540 BDT
Claims Analyst43,867 BDT
Claims Examiner45,408 BDT
Claims Manager71,567 BDT
Claims Processor44,763 BDT
Claims Representative44,291 BDT
Claims Resolution Specialist63,968 BDT
Claims Supervisor55,900 BDT
Complaints Specialist52,790 BDT
Compliance Officer46,750 BDT
Consultant60,578 BDT
Eligibility Specialist57,662 BDT
Insurance Account Manager64,571 BDT
Insurance Accounts Executive61,424 BDT
Insurance Agent51,691 BDT
Insurance Analyst57,274 BDT
Insurance Appraiser61,095 BDT
Insurance Claims Clerk39,577 BDT
Insurance Examiner52,357 BDT
Insurance Investigator54,766 BDT
Insurance Manager76,379 BDT
Insurance Operations Manager76,632 BDT
Insurance Policy Processing Clerk42,557 BDT
Insurance Pricing Assistant50,027 BDT
Insurance Program Manager71,103 BDT
Insurance Project Manager69,664 BDT
Insurance Quality Assurance Agent54,418 BDT
Insurance Sales Agent47,058 BDT
Insurance Sales Director69,193 BDT
Insurance Team Leader64,234 BDT
Insurance Underwriter48,378 BDT
Loss Control Specialist57,806 BDT
Loss Prevention Investigator63,358 BDT
Loss Prevention Manager66,656 BDT
Loss Prevention Specialist60,847 BDT
Marine Underwriter54,500 BDT
Medical Auditor59,015 BDT
Monitoring and Performance Officer48,966 BDT
Payment Services Specialist61,095 BDT
Policy Change Director74,560 BDT
Policy Change Supervisor65,367 BDT
Policy Change Technician49,695 BDT
Risk Analyst63,156 BDT
Risk Management Director84,784 BDT
Risk Management Supervisor67,704 BDT
Risk Manager81,776 BDT
Risk Modeling Manager74,609 BDT
Title Insurance Typist52,246 BDT
Training Manager62,449 BDT

Insurance Jobs Salary Distribution in Bangladesh

Median and salary distribution monthly Bangladesh Insurance

Abount These Figures: Salary Range, Median and Percentiles

The Insurance salaries in Bangladesh range between 38,204 BDT per month (minimum salary) to 84,898 BDT per month (maximum salary).

The median salary is 59,556 BDT per month, which means that half (50%) of people working in Insurance are earning less than 59,556 BDT while the other half are earning more than 59,556 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.

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Insurance are earning less than 43,992 BDT while 75% of them are earning more than 43,992 BDT. Also from the diagram, 75% of people working in Insurance are earning less than 78,005 BDT while 25% are earning more than 78,005 BDT.

What is the difference between the median and the average salary? What should you be looking at?

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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Insurance Salary Forecast and Trend in Bangladesh

How do Insurance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Bangladesh Insurance
Average Salary 2016    =  
51,352 BDT
Average Salary 2017    +4%  
53,252 BDT
Average Salary 2018    +4%  
55,222 BDT
Average Salary 2019    +4%  
57,266 BDT
Percentage increase and decrease are relative to the previous value
Insurance salaries in Bangladesh are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Insurance Hourly Average Wage in Bangladesh

330 BDT per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Bangladesh for Insurance is 330 BDT. This means that the average person in Bangladesh earns approximatly 330 BDT for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Insurance VS Other Jobs

Salary Comparison Between Insurance and Insurance monthly BangladeshWe compared Bangladesh salaries for Insurance and All Jobs and we found that Insurance salaries are 0% less than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Barisal57,106 BDT
Bogra60,040 BDT
Chandpur52,551 BDT
Chittagong62,997 BDT
Coxs Bazar54,942 BDT
Dhaka64,033 BDT
Jamalpur53,882 BDT
Jessore56,338 BDT
Khulna60,971 BDT
Rajshahi62,269 BDT
St. Martin51,487 BDT
Sylhet58,804 BDT
40000 - 1
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