Insurance Specialist
Annual salary range
₹3.3 Lakhs - ₹16.4 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byInsurance Specialist Salary in Mumbai (Updated 2025)
based on 32
latest salaries
• updated:
5 Feb 2025
Select an experience to get the exact salary
Salary of majority employees
Experience wise Insurance Specialist salaries
| Years of experience | Avg. Annual Salary |
|---|---|
2
years
(8
salaries)
|  ₹2.6 L/yr - ₹4.8 L/yr |
3
years
(7
salaries)
| ₹2.1 L/yr - ₹5.5 L/yr |
Login to view exact salary
| |
4
years
(1
salaries)
| ₹6.3 L/yr - ₹6.3 L/yr |
5
years
(5
salaries)
| ₹3.3 L/yr - ₹7.4 L/yr |
6
years
(2
salaries)
| ₹5.4 L/yr - ₹5.8 L/yr |
View all salaries by experience
Insurance Specialist Salary in
Mumbai ranges between ₹3.3
Lakhs to ₹16.4
Lakhs for
2 years of experience to 13 years of experience
. Salary estimates are based on
32 latest salaries received
from Insurance Specialist.
See latest salaries
Insurance Specialist salaries in different departments
| Department | Avg Annual Salary |
|---|---|
Customer Success, Service & Operations
Insurance Specialist Salary
2 - 12
years
exp.
(13
salaries)
| ₹3.3 L/yr - ₹6.1 L/yr |
Login to view exact salary
| |
BFSI, Investments & Trading
Insurance Specialist Salary
4 - 13
years
exp.
(11
salaries)
| ₹5.8 L/yr - ₹16.4 L/yr |
View all departments salaries
Latest annual salaries shared by Insurance Specialists
1w ago
ValuEnable
Insurance Specialist
2 years exp.
1w ago
Mercer
Insurance Specialist
5 years exp.
2w ago
Mahindra Insurance Brokers
Insurance Specialist
12 years exp.
3w ago
TCS
Insurance Specialist
4 years exp.
1mo ago
Automatic Data Processing (ADP)
Insurance Specialist
3 years exp.
1mo ago
Standard Chartered
Insurance Specialist
5 years exp.
1mo ago
Savista Global Solutions
Insurance Specialist
3 years exp.
1mo ago
Marsh McLennan
Insurance Specialist
9 years exp.
1mo ago
AXA Business Services
Insurance Specialist
2 years exp.
1mo ago
Axis Bank
Insurance Specialist
12 years exp.
View all latest salaries
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
| | ||
| | ||
| | ||
Is this list helpful? | ||
| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
0 -
9
yrs
exp.
.
Mumbai
(14 salaries)
|
₹4 L/yr - ₹6 L/yr | |
10 -
13
yrs
exp.
.
Mumbai
(5 salaries)
|
₹7.4 L/yr - ₹10 L/yr | |
Login to view exact salary
| ||
11 -
17
yrs
exp.
.
Mumbai
(5 salaries)
|
₹16.4 L/yr - ₹26 L/yr | |
0 -
2
yrs
exp.
.
Mumbai
(4 salaries)
|
₹2.6 L/yr - ₹4.8 L/yr | |
3 -
5
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.7 L/yr - ₹3.5 L/yr | |
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹3.4 L/yr - ₹4.4 L/yr | |
1 -
2
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹3.2 L/yr - ₹4 L/yr | |
15 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹32.4 L/yr - ₹41.4 L/yr | |
Login to view exact salary
| ||
13 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹6.8 L/yr - ₹8.6 L/yr | |
|
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.9 L/yr - ₹3.7 L/yr | |
Insurance Specialist Jobs in Mumbai
Insurance Specialist
· 1-4 years
Lakshmishree Investment & Securities Pvt. Ltd
Varanasi
Insurance Specialist
· 1-2 years
Jobstore Consulting
Insurance Specialist
· 6-9 years
Market Scope
Mumbai
Similar Designation Salaries for Insurance Specialist
| Designations | Avg Annual Salary |
|---|---|
Insurance Analyst Salary
1 -
8
years
exp.
(61 salaries)
| ₹1.1 L/yr - ₹9 L/yr |
Process Specialist Salary
3 -
9
years
exp.
(345 salaries)
| ₹2.9 L/yr - ₹8.5 L/yr |
Login to view exact salary
| |
Process Analyst Salary
1 -
6
years
exp.
(131 salaries)
| ₹2 L/yr - ₹8 L/yr |
Business Analyst Salary
1 -
9
years
exp.
(12.2k salaries)
| ₹3 L/yr - ₹16.3 L/yr |
Quality Analyst Salary
1 -
7
years
exp.
(5.3k salaries)
| ₹2 L/yr - ₹8 L/yr |
View more similar designations
Salary related reviews by similar designations like Insurance Specialist
TCS
Business Analyst in Mumbai
• posted on 14 Dec 2024
Likes
Work culture at TCS was pretty good for me a lot less stressful with all facilities available inside campus.
- Salary - Good
+4 more
Dislikes
Growth is slow in terms of salary and learning. Sometimes you may excellent project opportunities for growth but chances of getting such projects is very low
read more- Promotions - Poor
Citicorp
Business Analyst in Pune
• posted on 17 Feb 2025
Likes
Facilities for working mothers and the culture
- Company culture - Good
Dislikes
Salary v/s job pressure Promotion opportunity Language based biasness
- Promotions - Poor
Standard Chartered
Associate in Chennai
• posted on 11 Jun 2023
Likes
...You have decent hike & promotion frequency is 2yrs. Bonus is best in industries. They make it transparent by including the least variable pay in your offer letter as mark and you get generally 25% extra than your least mark. One has multiple options to move internally and the process is not much politically influenced. SCB offers you stability but align with market updates. You ll not get feel of working in outdated systems/applications.
read more- Salary - Good
+6 more
Dislikes
Team outing is very less and most of time not sponsored by company. Cultural events like celebration not there anymore. No Diwali gifts kind of stuffs. No employee appreciation apart from the yearly performance bonus & hike.
read moreMarsh McLennan
Associate in Mumbai
• posted on 24 Sep 2021
Likes
I love how the company is so welcoming and the training process is so smooth.
- Salary - Excellent
+6 more
Dislikes
Salary is decent, growth is also great but the process and everything is little slow
read moreTop skills for Insurance Specialist
Insurance Specialist Salary In Other Locations
| Locations | Avg Annual Salary |
|---|---|
Pune
Insurance Specialist
2 -
13
years
exp.
| ₹2.1 L/yr - ₹7 L/yr |
Chennai
Insurance Specialist
2 -
11
years
exp.
| ₹2.5 L/yr - ₹9.9 L/yr |
Login to view exact salary
| |
New Delhi
Insurance Specialist
2 -
13
years
exp.
| ₹1.7 L/yr - ₹10 L/yr |
Bangalore / Bengaluru
Insurance Specialist
2 -
13
years
exp.
| ₹2.8 L/yr - ₹15.5 L/yr |
Hyderabad / Secunderabad
Insurance Specialist
2 -
12
years
exp.
| ₹3 L/yr - ₹15 L/yr |
View More
Insurance Specialist Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Insurance Specialist
2 -
14
years
exp.
| ₹2.2 L/yr - ₹20.5 L/yr |
IT Services & Consulting
Insurance Specialist
2 -
13
years
exp.
| ₹2.2 L/yr - ₹9 L/yr |
Login to view exact salary
| |
Internet
Insurance Specialist
2 -
9
years
exp.
| ₹2.1 L/yr - ₹5.1 L/yr |
Insurance
Insurance Specialist
2 -
12
years
exp.
| ₹0.8 L/yr - ₹15.6 L/yr |
BPO
Insurance Specialist
2 -
6
years
exp.
| ₹2.1 L/yr - ₹4 L/yr |
View More
Frequently Asked Questions about Insurance Specialist Salaries
What is the salary of a Insurance Specialist in India?
Salary for a Insurance Specialist in India ranges between ₹3.3 Lakhs to ₹16.4 Lakhs per year. Salary estimates are based on 32 latest salaries received from various Insurance Specialists across industries.
What are the top paying companies that employ Insurance Specialists?
- Citicorp Insurance Specialist Salary - ₹24.3 Lakhs per year
- Marsh McLennan Insurance Specialist Salary - ₹4.9 Lakhs per year
- TCS Insurance Specialist Salary - ₹3.2 Lakhs per year
What is the starting salary for a Insurance Specialist in India?
Average starting Salary for Insurance Specialist in India is around ₹3.3 Lakhs per year (₹27.5k per month). 2 years of minimum experience is required to be a Insurance Specialist.
What is the highest salary for a Insurance Specialist in India?
Highest salary that a Insurance Specialist can earn is ₹36.0 Lakhs per year (₹3.0L per month).
What are the top paying industries for Insurance Specialist in India?
- Financial Services - ₹4.0 Lakhs to 26.0 Lakhs per year
- Banking - ₹7.4 Lakhs to 10.0 Lakhs per year
- Medical Equipment - ₹3.0 Lakhs to 4.0 Lakhs per year
- Retail - ₹2.6 Lakhs to 4.8 Lakhs per year
- Analytics & KPO - ₹2.1 Lakhs to 4.1 Lakhs per year
What are the top paying cities for Insurance Specialist in India?
- New Delhi - ₹1.7 Lakhs to 36.0 Lakhs per year
- Mumbai - ₹2.1 Lakhs to 36.0 Lakhs per year
- Chennai - ₹1.8 Lakhs to 23.0 Lakhs per year
- Bangalore / Bengaluru - ₹0.3 Lakhs to 20.5 Lakhs per year
- Pune - ₹2.1 Lakhs to 16.0 Lakhs per year
What are the popular/top skills required to become a Insurance Specialist?
These are the top skills of a Insurance Specialist based on 3 jobs posted by employers.
- Communication Skills
- Relationship Management
- Risk Management
- Insurance Sales
- Life Insurance
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