Insurance Agent

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Insurance Agent Salary in Banking in India

based on 16 latest salaries • updated: 9 Oct 2024
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Annual salary range

₹0.7 Lakh - ₹6 Lakhs

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Moderate Confidence means the data is based on a sufficient number of latest salaries.
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Experience wise Insurance Agent salaries

Years of experience Avg. Annual Salary
Fresher
(3 salaries)
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₹1.2 L/yr - ₹2.1 L/yr

1 year
(4 salaries)
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₹1.1 L/yr - ₹5 L/yr

2 years
(2 salaries)
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₹3 L/yr - ₹6 L/yr

3 years
(3 salaries)
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₹2.8 L/yr - ₹6 L/yr

4 years
(2 salaries)
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₹3 L/yr - ₹3 L/yr

View all salaries by experience
Insurance Agent Salary in India ranges between ₹0.7 Lakh to ₹6 Lakhs for less than 1 year of experience to 7 years of experience . Salary estimates are based on 16 latest salaries received from Insurance Agent.
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Insurance Agent salaries in different departments

Department Avg Annual Salary
Finance & Accounting
Insurance Agent Salary
2 - 4 years exp. (3 salaries)
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₹3 L/yr - ₹3 L/yr

BFSI, Investments & Trading
Insurance Agent Salary
1 - 3 years exp. (AmbitionBox Estimate)
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₹4.5 L/yr - ₹6.9 L/yr

Latest annual salaries shared by Insurance Agents

4d ago

Turtlemint

Insurance Agent

3 years exp.

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1w ago

Concentrix Corporation

Insurance Agent

1 year exp.

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1w ago

Genpact

Insurance Agent

3 years exp.

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1w ago

Aditya Birla Sun Life Insurance

Insurance Agent

1 year exp.

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2w ago

Life Insurance Corporation of India

Insurance Agent

2 years exp.

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2w ago

Tata Motors Insurance Broking And Advisory Services

Insurance Agent

2 years exp.

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2w ago

Life Insurance Corporation of India

Insurance Agent

1 year exp.

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2w ago

Tvs Insurance Broking

Insurance Agent

3 years exp.

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2w ago

ICICI Lombard General Insurance Company

Insurance Agent

2 years exp.

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4w ago

Reliance Nippon Life Insurance

Insurance Agent

2 years exp.

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View all latest salaries

Insurance Agent Jobs in India

Insurance Agent

· 1-5 years

Vishwas Fincap Services Pvt Ltd

·
1.9
₹0.8 L/yr - ₹2 L/yr

New Delhi

Insurance Agent

· 2-7 years

Monalisa Constructions

₹1 L/yr - ₹2.5 L/yr

Vasai-Virar

View all Insurance Agent jobs

Similar Designation Salaries for Insurance Agent

Designations Avg Annual Salary
Insurance Executive Salary
1 - 6 years exp.
(35 salaries)
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₹1.1 L/yr - ₹4.7 L/yr

LIC Agent Salary
1 - 8 years exp.
(9 salaries)
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₹0.3 L/yr - ₹4.5 L/yr

Agent Salary
0 - 4 years exp.
(73 salaries)
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₹1.1 L/yr - ₹4.5 L/yr

Life Insurance Advisor Salary
0 - 8 years exp.
(324 salaries)
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₹1 L/yr - ₹5.5 L/yr

Manager Salary
4 - 16 years exp.
(38.7k salaries)
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₹5.1 L/yr - ₹20.4 L/yr

View more similar designations

Insurance Agent Salary By Locations

Locations Avg Annual Salary
New Delhi
Insurance Agent
0 - 6 years exp.
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₹1 L/yr - ₹5 L/yr

Mumbai
Insurance Agent
0 - 4 years exp.
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₹1 L/yr - ₹3.5 L/yr

Hyderabad / Secunderabad
Insurance Agent
0 - 6 years exp.
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₹1.5 L/yr - ₹4.3 L/yr

Kolkata
Insurance Agent
0 - 6 years exp.
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₹0.4 L/yr - ₹4 L/yr

Bangalore / Bengaluru
Insurance Agent
0 - 6 years exp.
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₹1.1 L/yr - ₹3 L/yr

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Insurance Agent Salary In Other Industries

Industries Avg Annual Salary
Financial Services
Insurance Agent
0 - 8 years exp.
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₹0.5 L/yr - ₹4.5 L/yr

Insurance
Insurance Agent
0 - 6 years exp.
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₹0.7 L/yr - ₹4.5 L/yr

Banking / Insurance / Accounting
Insurance Agent
0 - 6 years exp.
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₹0.5 L/yr - ₹4 L/yr

Internet
Insurance Agent
0 - 8 years exp.
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₹1 L/yr - ₹4.5 L/yr

BPO
Insurance Agent
0 - 4 years exp.
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₹0.1 L/yr - ₹3.5 L/yr

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Frequently Asked Questions about Insurance Agent Salaries

What is the salary of a Insurance Agent in India?
Salary for a Insurance Agent in India ranges between ₹0.7 Lakh to ₹6.0 Lakhs per year. Salary estimates are based on 16 latest salaries received from various Insurance Agents across industries.
What is the starting salary for a Insurance Agent in India?
Average starting Salary for Insurance Agent in India is around ₹0.7 Lakh per year (₹5.8k per month). No prior experience is required to be a Insurance Agent.
What is the highest salary for a Insurance Agent in India?
Highest salary that a Insurance Agent can earn is ₹5.0 Lakhs per year (₹41.7k per month).
What are the top paying industries for Insurance Agent in India?
What are the top paying cities for Insurance Agent in India?
  • Mumbai - ₹6.0 Lakhs to 6.0 Lakhs per year
  • Bidar - ₹3.0 Lakhs to 3.0 Lakhs per year
  • Chennai - ₹0.7 Lakhs to 5.0 Lakhs per year
  • Jaipur - ₹1.5 Lakhs to 1.5 Lakhs per year
  • Indore - ₹0.2 Lakhs to 0.2 Lakhs per year
What are the popular/top skills required to become a Insurance Agent?
These are the top skills of a Insurance Agent based on 2 jobs posted by employers.
  • Communication Skills
  • Business Development
  • Insurance Sales
  • Sales and Marketing
  • Health Insurance

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