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Actuarial Manager

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Actuarial Manager Salary in Mumbai (Updated 2025)

based on 39 latest salaries • updated: 24 Mar 2025
Select an experience to get the exact salary

Annual salary range

₹6.5 Lakhs - ₹50 Lakhs

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High Confidence means the data is based on a large number of latest salaries.
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Actuarial Manager Salary in Mumbai ranges between ₹6.5 Lakhs to ₹50 Lakhs for 1 year of experience to 12 years of experience. Salary estimates are based on 39 latest salaries received from Actuarial Manager.

Latest annual salaries shared by Actuarial Managers

3w ago

Bandhan Life

Actuarial Manager

7 years exp.

₹17.5 Lakhs
1mo ago

Mercer

Actuarial Manager

11 years exp.

₹22 Lakhs
1mo ago

Accenture

Actuarial Manager

2 years exp.

₹6.8 Lakhs
1mo ago

Chubb

Actuarial Manager

13 years exp.

₹71 Lakhs
1mo ago

MetLife

Actuarial Manager

10 years exp.

₹51 Lakhs
2mo ago

Star Health & Allied Insurance

Actuarial Manager

4 years exp.

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2mo ago

SBI General Insurance

Actuarial Manager

10 years exp.

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2mo ago

WNS

Actuarial Manager

3 years exp.

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3mo ago

PwC

Actuarial Manager

12 years exp.

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4mo ago

Mercer

Actuarial Manager

8 years exp.

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View all latest salaries

Actuarial Manager salaries by

Years of experience Avg. annual salary
1 year
(1 salaries)
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₹6.5 L/yr - ₹6.5 L/yr

2 years
(6 salaries)
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₹7 L/yr - ₹12.3 L/yr

3 years
(2 salaries)
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₹7.2 L/yr - ₹17.8 L/yr

4 years
(9 salaries)
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₹6.7 L/yr - ₹21 L/yr

5 years
(4 salaries)
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₹6 L/yr - ₹25.2 L/yr

View all salaries by experience

Actuarial Manager Jobs in Mumbai

Actuarial Manager

· 3-7 years

Ascensus

·
3.7

Chennai

Actuarial Manager

· 8-10 years

HyrEzy Talent Solutions

·
5.0

Actuarial Manager

· 6-13 years

liberty mutual insurance

·
4.1

Mumbai

View all Actuarial Manager jobs

Similar Designation Salary

Similar Designation Avg. annual salary
Actuarial Analyst Salary
0 - 3 years exp.
(148 salaries)
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₹2.5 L/yr - ₹13 L/yr

Associate Manager Salary
3 - 15 years exp.
(6.3k salaries)
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₹3.5 L/yr - ₹27 L/yr

Actuarial Associate Salary
0 - 2 years exp.
(3 salaries)
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₹2.5 L/yr - ₹8.7 L/yr

Senior Manager Salary
6 - 20 years exp.
(30.3k salaries)
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₹8 L/yr - ₹36 L/yr

Assistant Manager Salary
2 - 13 years exp.
(70.5k salaries)
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₹3 L/yr - ₹16.7 L/yr

View more similar designations

Top skills for Actuarial Manager

5 Actuarial Manager jobs demanding these skills arrow-logo

Actuarial Manager Salary In Other Locations

Locations Avg. annual salary
Gurgaon / Gurugram
Actuarial Manager
1 - 7 years exp.
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₹4.5 L/yr - ₹36.1 L/yr

New Delhi
Actuarial Manager
1 - 12 years exp.
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₹4.5 L/yr - ₹46 L/yr

Bangalore / Bengaluru
Actuarial Manager
1 - 13 years exp.
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₹11.5 L/yr - ₹40 L/yr

Hyderabad / Secunderabad
Actuarial Manager
8 - 13 years exp.
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₹16.3 L/yr - ₹24 L/yr

Noida
Actuarial Manager
8 - 9 years exp.
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₹10.3 L/yr - ₹31 L/yr

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Actuarial Manager Salary By Industries

Industries Avg. annual salary

Financial Services

Actuarial Manager
1 - 12 years exp.
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₹6.5 L/yr - ₹74 L/yr

Insurance

Actuarial Manager
1 - 12 years exp.
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₹5 L/yr - ₹51 L/yr

Management Consulting

Actuarial Manager
1 - 13 years exp.
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₹15.4 L/yr - ₹50 L/yr

IT Services & Consulting

Actuarial Manager
2 - 13 years exp.
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₹6.8 L/yr - ₹40 L/yr

Internet

Actuarial Manager
1 - 10 years exp.
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₹4.5 L/yr - ₹30 L/yr

View More

Frequently Asked Questions (FAQS) about Actuarial Manager Salaries

What is the salary of a Actuarial Manager in India?
The salary of a Actuarial Manager in India varies based on experience, location, company & Industry. On average, Actuarial Manager salaries ranges from ₹6.5 Lakhs to ₹50.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹6.5 Lakhs to ₹50.0 Lakhs per year, with the highest salary reaching ₹ Lakhs to ₹ Lakh per year. Salary estimates are based on 39 salaries received from various Actuarial Managers across industries.
What are the top paying cities for Actuarial Manager in India?
The annual salary for Actuarial Manager in India varies by location. Top paying cities for Actuarial Manager are
Actuarial Manager Salary in Mumbai Suburban ₹31.5 Lakhs to ₹40.3 Lakhs per year
Actuarial Manager Salary in Bangalore / Bengaluru ₹11.5 Lakhs to ₹40.0 Lakhs per year
Actuarial Manager Salary in Noida ₹10.3 Lakhs to ₹31.0 Lakhs per year
Actuarial Manager Salary in New Delhi ₹4.5 Lakhs to ₹46.0 Lakhs per year
Actuarial Manager Salary in Chennai ₹17.4 Lakhs to ₹22.2 Lakhs per year
Salary expectations for Actuarial Manager may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Actuarial Manager in India?
Top 5 paying Industries for Actuarial Manager in India are:
Actuarial Manager Salary in Accounting & Auditing ₹20.0 Lakhs to ₹54.0 Lakhs per year
Actuarial Manager Salary in Management Consulting ₹15.4 Lakhs to ₹50.0 Lakhs per year
Actuarial Manager Salary in IT Services & Consulting ₹6.8 Lakhs to ₹40.0 Lakhs per year
Actuarial Manager Salary in EdTech ₹18.0 Lakhs to ₹31.0 Lakhs per year
Actuarial Manager Salary in Consulting ₹7.5 Lakhs to ₹36.1 Lakhs per year
How does experience affect salaries of a Actuarial Manager in India?
Experience significantly impacts a Actuarial Manager salary in India. Salaries increase with experience, as Actuarial Manager take on more complex tasks, responsibilities, and leadership roles. Actuarial Manager salary at different experience level are as follows:
Experience Average Salary Range
1 year ₹6.5 Lakhs to ₹6.5 Lakhs per year
2 years ₹7.0 Lakhs to ₹12.3 Lakhs per year
3 years ₹7.2 Lakhs to ₹17.8 Lakhs per year
4 years ₹6.7 Lakhs to ₹21.0 Lakhs per year
and so on.

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