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Insurance Broker

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Insurance Broker Salary in India (Updated 2025)

based on 27 latest salaries • updated: 7 Jan 2025
Select an experience to get the exact salary

Annual salary range

₹0.2 Lakh - ₹8.6 Lakhs

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High Confidence means the data is based on a large number of latest salaries.
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Insurance Broker Salary in India ranges between ₹0.2 Lakh to ₹8.6 Lakhs for 1 year of experience to 8 years of experience. Salary estimates are based on 27 latest salaries received from Insurance Broker.

Latest annual salaries shared by Insurance Brokers

4mo ago

NJ Group

Insurance Broker

3 years exp.

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6mo ago

Mahindra & Mahindra

Insurance Broker

2 years exp.

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7mo ago

Aum Insurance Brokers

Insurance Broker

2 years exp.

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9mo ago

TCS

Insurance Broker

1 year exp.

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9mo ago

Omega Insurance Brokers

Insurance Broker

2 years exp.

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9mo ago

I-Serve

Insurance Broker

6 months exp.

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9mo ago

PolicyBazaar

Insurance Broker

5 years exp.

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1y ago

Tata AIG

Insurance Broker

2 years exp.

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1y ago

Prudent Insurance Brokers

Insurance Broker

3 years exp.

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1y ago

Proven Solution

Insurance Broker

2 years exp.

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View all latest salaries

Insurance Broker salaries by

Years of experience Avg. annual salary
Fresher
(1 salaries)
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₹0.1 L/yr - ₹0.1 L/yr

1 year
(3 salaries)
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₹1.8 L/yr - ₹3.1 L/yr

2 years
(6 salaries)
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₹1.6 L/yr - ₹5 L/yr

3 years
(6 salaries)
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₹1.7 L/yr - ₹4.8 L/yr

4 years
(3 salaries)
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₹2.4 L/yr - ₹4.1 L/yr

View all salaries by experience

Insurance Broker Jobs in India

Insurance Broker

· 18-25 years

Alliance Insurance Brokers Pvt. Ltd

·
3.9

Insurance Broker

· 3-5 years

Prudent Insurance Brokers Private Limited

·
3.6

Insurance Broker

· 5-10 years

CapitalSquare Advisors

·
3.1

New Delhi

View all Insurance Broker jobs

Similar Designation Salary

Similar Designation Avg. annual salary
Manager Salary
4 - 16 years exp.
(3.2L salaries)
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₹4 L/yr - ₹31.9 L/yr

Assistant Manager Salary
2 - 13 years exp.
(6L salaries)
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₹3 L/yr - ₹17 L/yr

Senior Executive Salary
2 - 11 years exp.
(2.5L salaries)
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₹2.4 L/yr - ₹9.5 L/yr

Sales Officer Salary
1 - 10 years exp.
(85.7k salaries)
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₹1.5 L/yr - ₹6.2 L/yr

Sales Manager Salary
2 - 15 years exp.
(1.3L salaries)
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₹2.2 L/yr - ₹16 L/yr

View more similar designations

Top skills for Insurance Broker

8 Insurance Broker jobs demanding these skills arrow-logo

Insurance Broker Salary By Locations

Locations Avg. annual salary
New Delhi
Insurance Broker
1 - 5 years exp.
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₹0.2 L/yr - ₹4.8 L/yr

Mumbai
Insurance Broker
3 - 8 years exp.
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₹3 L/yr - ₹8.6 L/yr

Thane
Insurance Broker
4 - 6 years exp.
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₹3.2 L/yr - ₹4.7 L/yr

Kalyan / Dombivli
Insurance Broker
3 - 4 years exp.
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₹1.8 L/yr - ₹3.5 L/yr

Ahmedabad
Insurance Broker
4 - 5 years exp.
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₹2.2 L/yr - ₹4.1 L/yr

View More

Frequently Asked Questions (FAQS) about Insurance Broker Salaries

What is the salary of a Insurance Broker in India?
The salary of a Insurance Broker in India varies based on experience, location, company & Industry. On average, Insurance Broker salaries ranges from ₹0.2 Lakh to ₹8.6 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹0.2 Lakh to ₹8.6 Lakhs per year, with the highest salary reaching ₹ Lakh to ₹ Lakh per year. Salary estimates are based on 27 salaries received from various Insurance Brokers across industries.
What are the top paying cities for Insurance Broker in India?
The annual salary for Insurance Broker in India varies by location. Top paying cities for Insurance Broker are
Insurance Broker Salary in New Delhi ₹0.2 Lakhs to ₹4.8 Lakhs per year
Insurance Broker Salary in Mumbai ₹3.0 Lakhs to ₹8.6 Lakhs per year
Insurance Broker Salary in Thane ₹3.2 Lakhs to ₹4.7 Lakhs per year
Insurance Broker Salary in Kalyan / Dombivli ₹1.8 Lakhs to ₹3.5 Lakhs per year
Insurance Broker Salary in Ahmedabad ₹2.2 Lakhs to ₹4.1 Lakhs per year
Salary expectations for Insurance Broker may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Insurance Broker in India?
Top 5 paying Industries for Insurance Broker in India are:
Insurance Broker Salary in Financial Services ₹1.7 Lakhs to ₹4.8 Lakhs per year
Insurance Broker Salary in Insurance ₹1.7 Lakhs to ₹5.0 Lakhs per year
Insurance Broker Salary in Banking / Insurance / Accounting ₹0.2 Lakhs to ₹4.8 Lakhs per year
Insurance Broker Salary in Internet ₹1.7 Lakhs to ₹4.8 Lakhs per year
Insurance Broker Salary in BPO ₹1.9 Lakhs to ₹2.4 Lakhs per year
What are the fresher salaries as Insurance Broker?
Fresher salaries for Insurance Broker in India typically range from ₹0.1 Lakhs to ₹0.1 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 Broker in India?
Experience significantly impacts a Insurance Broker salary in India. Salaries increase with experience, as Insurance Broker take on more complex tasks, responsibilities, and leadership roles. Insurance Broker salary at different experience level are as follows:
Experience Average Salary Range
Fresher ₹0.1 Lakhs to ₹0.1 Lakhs per year
1 year ₹1.8 Lakhs to ₹3.1 Lakhs per year
2 years ₹1.6 Lakhs to ₹5.0 Lakhs per year
3 years ₹1.7 Lakhs to ₹4.8 Lakhs per year
and so on.

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