Insurance Agent
Annual salary range
₹0.4 Lakh - ₹3.5 Lakhs
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High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byInsurance Agent Salary in Mumbai (Updated 2025)
based on 31
latest salaries
• updated:
1 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Insurance Agent Salary in Mumbai ranges between ₹0.4 Lakh to ₹3.5 Lakhs for less than 1 year of experience to 4 years of experience. Salary estimates are based on 31 latest salaries received from Insurance...
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Salaries by experience
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Similar designations
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
0 -
3
yrs
exp.
.
Mumbai
(4 salaries)
|
₹2.8 L/yr - ₹3 L/yr | |
0 -
4
yrs
exp.
.
Mumbai
(3 salaries)
|
₹1.2 L/yr - ₹3.1 L/yr | |
Login to view exact salary
| ||
2 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.3 L/yr - ₹3 L/yr | |
1 yr
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹1.5 L/yr - ₹1.9 L/yr | |
1 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.5 L/yr - ₹3.5 L/yr | |
0 -
4
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2 L/yr - ₹2.5 L/yr | |
1 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹0.9 L/yr - ₹1.2 L/yr | |
Fresher
.
Mumbai
(AmbitionBox Estimate)
|
₹1.2 L/yr - ₹3.4 L/yr | |
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| ||
4 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹1.8 L/yr - ₹2.3 L/yr | |
2 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹0.2 L/yr - ₹0.2 L/yr | |
Latest annual salaries shared by Insurance Agents
4d ago
Turtlemint
Insurance Agent
3 years exp.
1w ago
Concentrix Corporation
Insurance Agent
1 year exp.
1w ago
Genpact
Insurance Agent
3 years exp.
1w ago
Aditya Birla Sun Life Insurance
Insurance Agent
1 year exp.
2w ago
Life Insurance Corporation of India
Insurance Agent
2 years exp.
2w ago
Tata Motors Insurance Broking And Advisory Services
Insurance Agent
2 years exp.
2w ago
Life Insurance Corporation of India
Insurance Agent
1 year exp.
2w ago
Tvs Insurance Broking
Insurance Agent
3 years exp.
2w ago
ICICI Lombard General Insurance Company
Insurance Agent
2 years exp.
4w ago
Reliance Nippon Life Insurance
Insurance Agent
2 years exp.
View all latest salaries
Insurance Agent salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(10
salaries)
|  ₹0.1 L/yr - ₹4 L/yr |
1
year
(10
salaries)
| ₹1 L/yr - ₹3.5 L/yr |
Login to view exact salary
| |
2
years
(8
salaries)
| ₹0.2 L/yr - ₹3.5 L/yr |
3
years
(3
salaries)
| ₹1 L/yr - ₹3 L/yr |
4
years
(3
salaries)
| ₹2 L/yr - ₹2.6 L/yr |
Insurance Agent Jobs in Mumbai
Insurance Agent
· 1-5 years
Monalisa Constructions
₹1
L/yr
- ₹2.5
L/yr
Mumbai
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Insurance Executive Salary
1 -
7
years
exp.
(290 salaries)
| ₹1.1 L/yr - ₹4.5 L/yr |
LIC Agent Salary
0 -
10
years
exp.
(35 salaries)
| ₹0.5 L/yr - ₹5 L/yr |
Login to view exact salary
| |
Agent Salary
0 -
4
years
exp.
(423 salaries)
| ₹0.8 L/yr - ₹3.7 L/yr |
Life Insurance Advisor Salary
0 -
6
years
exp.
(18 salaries)
| ₹0.2 L/yr - ₹4 L/yr |
Manager Salary
4 -
16
years
exp.
(48.9k salaries)
| ₹5 L/yr - ₹29.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Insurance Agent
Life Insurance Corporation of India
LIC Agent in Patna
• posted on 24 May 2018
Likes
The company is open to innovation and readily adopts latest technology
- Skill development - Good
Dislikes
Compensation is decent, but growth is slow
Life Insurance Corporation of India
LIC Agent in Durgapur
• posted on 23 Dec 2020
Likes
...nvironment.Teammates are supportive and management are friendly and transparent. Company policies are good, appraisals are good and they give bonus every year.
read more- Salary - Excellent
+6 more
Life Insurance Corporation of India
LIC Agent in Warora
• posted on 09 May 2021
Likes
...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.
read more- Salary - Excellent
Dislikes
There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.
read more- Job security - Poor
+3 more
Life Insurance Corporation of India
LIC Agent in Hamirpur
• posted on 23 Feb 2021
Likes
...upportive teammates. There is a huge cafe. And also gaming arcade for chilling. Company policies are good, appraisals are fàir and they give good salary hike and bonus every year.
read more- Salary - Excellent
+6 more
Dislikes
Only slow career growth and no pension for agents.
Life Insurance Corporation of India
Agent in Haryana Kaithal
• posted on 14 Aug 2023
Likes
Very confident
- Salary - Excellent
+6 more
Dislikes
I like this .But most important points insurance advisor no salary commission based job
read moreTop skills for Insurance Agent
Insurance Agent Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Insurance Agent
0 -
6
years
exp.
| ₹1 L/yr - ₹5 L/yr |
Hyderabad / Secunderabad
Insurance Agent
0 -
6
years
exp.
| ₹0.2 L/yr - ₹4.3 L/yr |
Login to view exact salary
| |
Kolkata
Insurance Agent
0 -
6
years
exp.
| ₹0.4 L/yr - ₹4 L/yr |
Bangalore / Bengaluru
Insurance Agent
0 -
6
years
exp.
| ₹1.1 L/yr - ₹3 L/yr |
Ahmedabad
Insurance Agent
1 -
6
years
exp.
| ₹0.6 L/yr - ₹4.5 L/yr |
View More
Insurance Agent Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Insurance Agent
0 -
8
years
exp.
| ₹0.6 L/yr - ₹4.5 L/yr |
Insurance Insurance Agent
0 -
6
years
exp.
| ₹0.7 L/yr - ₹4.5 L/yr |
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| |
Banking / Insurance / Accounting Insurance Agent
0 -
6
years
exp.
| ₹0.6 L/yr - ₹4.5 L/yr |
Internet Insurance Agent
0 -
8
years
exp.
| ₹1 L/yr - ₹5 L/yr |
BPO Insurance Agent
0 -
4
years
exp.
| ₹0.1 L/yr - ₹3.5 L/yr |
View More
Frequently Asked Questions (FAQS) about Insurance Agent Salaries
What is the salary of a Insurance Agent in India?
The salary of a Insurance Agent in India varies based on experience, location, company & Industry.
On average, Insurance Agent salaries ranges from ₹0.4 Lakh to ₹3.5 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹0.4 Lakh to ₹3.5 Lakhs per year, with the highest salary reaching ₹0.6 Lakh to ₹4.0 Lakhs per year. Salary estimates are based on 31 salaries received from various Insurance Agents across industries.
The average starting salary is around ₹0.4 Lakh to ₹3.5 Lakhs per year, with the highest salary reaching ₹0.6 Lakh to ₹4.0 Lakhs per year. Salary estimates are based on 31 salaries received from various Insurance Agents across industries.
What are the top paying cities for Insurance Agent in India?
The annual salary for Insurance Agent in India varies by location. Top paying cities for Insurance Agent are
Salary expectations for Insurance Agent may vary based on job roles, experience, and specific employer requirements.
| Insurance Agent Salary in New Delhi | ₹1.0 Lakhs to ₹5.0 Lakhs per year |
| Insurance Agent Salary in Hyderabad / Secunderabad | ₹0.2 Lakhs to ₹4.3 Lakhs per year |
| Insurance Agent Salary in Kolkata | ₹0.4 Lakhs to ₹4.0 Lakhs per year |
| Insurance Agent Salary in Bangalore / Bengaluru | ₹1.1 Lakhs to ₹3.0 Lakhs per year |
| Insurance Agent Salary in Ahmedabad | ₹0.6 Lakhs to ₹4.5 Lakhs per year |
What are the top paying industries for Insurance Agent in India?
Top 5 paying Industries for Insurance Agent in India are:
| Insurance Agent Salary in Financial Services | ₹0.6 Lakhs to ₹4.5 Lakhs per year |
| Insurance Agent Salary in Insurance | ₹0.7 Lakhs to ₹4.5 Lakhs per year |
| Insurance Agent Salary in Banking / Insurance / Accounting | ₹0.6 Lakhs to ₹4.5 Lakhs per year |
| Insurance Agent Salary in Internet | ₹1.0 Lakhs to ₹5.0 Lakhs per year |
| Insurance Agent Salary in BPO | ₹0.1 Lakhs to ₹3.5 Lakhs per year |
What are the fresher salaries as Insurance Agent?
Fresher salaries for Insurance Agent in India typically range from ₹0.1 Lakhs to ₹4 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Insurance Agent in India?
Experience significantly impacts a Insurance Agent salary in India. Salaries increase with experience, as Insurance Agent take on more complex tasks, responsibilities, and leadership roles.
Insurance Agent salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹0.1 Lakhs to ₹4.0 Lakhs per year |
| 1 year | ₹1.0 Lakhs to ₹3.5 Lakhs per year |
| 2 years | ₹0.2 Lakhs to ₹3.5 Lakhs per year |
| 3 years | ₹1.0 Lakhs to ₹3.0 Lakhs per year |
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