Absolute Insurance Surveyors and Loss Assessors Process Associate Salaries by 4 Employees

0 - 3 years exp.

₹1.8 Lakh - ₹3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

30% less than the average Process Associate Salary in Insurance Companies for 0 - 3 years of experience

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Salaries in different departments

BFSI, Investments & Trading Process Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.8 L/yr - ₹2 L/yr
Human Resources Process Associate Salary Fresher (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Production, Manufacturing & Engineering Process Associate Salary 3 years exp. (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr

Last Updated: 13 Mar 2023

Companies similar to Absolute Insurance Surveyors and Loss Assessors for Process Associate

Company name	Avg Annual Salary	Open Jobs
AXA Business Services Process Associate Salary 1 - 5 years exp. (71 salaries)	₹1.8 L/yr - ₹5.5 L/yr 83% more
Marsh India Insurance Brokers Process Associate Salary 1 - 12 years exp. (22 salaries)	₹3 L/yr - ₹5.5 L/yr 84% more
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CHCS Services India Pvt. Ltd. Process Associate Salary 1 - 5 years exp. (18 salaries)	₹3 L/yr - ₹6.1 L/yr 143% more
Bajaj Allianz Life Insurance Process Associate Salary 4 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹3.2 L/yr 8% more
Vidal Health Tpa Process Associate Salary 1 - 6 years exp. (3 salaries)	₹1.5 L/yr - ₹2.2 L/yr 12% less

Process Associate salary at Absolute Insurance Surveyors and Loss Assessors ranges between ₹1.8 Lakh to ₹3 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Absolute Insurance Surveyors and Loss Assessors.

Experience wise Absolute Insurance Surveyors and Loss Assessors Process Associate salaries

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
1 year (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
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2 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.4 L/yr
3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.1 L/yr

Similar Designation salaries in Absolute Insurance Surveyors and Loss Assessors

Accountant Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Salary related reviews for Absolute Insurance Surveyors and Loss Assessors

Assistant Surveyor Licenciated From Insurance Institute Of India in New Delhi

Back Office Operations Department

2.0

• posted on 12 Jun 2020

1.0

for Salary and Benefits

Likes

1.After the Lockdown, Absolute paying only 50% of salary till June. 2. Last year the highest appraisal was 10% which given in the year end.

Dislikes

I never ever like this company in my entire life. They are destroying many people's career already.

Salary - Bad

+5 more

Back Office in Ahmedabad

Insurance Department

2.0

• posted on 22 Sep 2020

2.0

for Salary and Benefits

Likes

The work is simple to learn. Few people are supportive.

Dislikes

They say there are no targets, but there are. Few superior ls are good but few are just too much egoistic. They shout all the time to get the work done. And there are groupism everywhere, they do not provide a good environment to work in. Leaves are also given very rarely

Salary - Poor

+6 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Absolute Insurance Surveyors and Loss Assessors Process Associate Salary FAQs

What is the salary of Process Associate at Absolute Insurance Surveyors and Loss Assessors ?

The average salary of a Process Associate at Absolute Insurance Surveyors and Loss Assessors in India typically ranges from ₹1.8 Lakhs to ₹3.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Process Associate at Absolute Insurance Surveyors and Loss Assessors earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Process Associate Salaries at Absolute Insurance Surveyors and Loss Assessors can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Absolute Insurance Surveyors and Loss Assessors employees in India.

What is the estimated take home salary of a Process Associate at Absolute Insurance Surveyors and Loss Assessors in India?

The estimated take-home salary of a Process Associate at Absolute Insurance Surveyors and Loss Assessors in India typically ranges from ₹15,348 to ₹16,945 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from Fresher to 3 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Absolute Insurance Surveyors and Loss Assessors. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Absolute Insurance Surveyors and Loss Assessors for Process Associate in India?

CHCS Services India Pvt. Ltd.	₹3.0 Lakhs to ₹6.1 Lakhs per year
Marsh India Insurance Brokers	₹3.0 Lakhs to ₹5.5 Lakhs per year
AXA Business Services	₹1.8 Lakhs to ₹5.5 Lakhs per year
Bajaj Allianz Life Insurance	₹1.2 Lakhs to ₹3.2 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Absolute Insurance Surveyors and Loss Assessors, depending on the role and experience level.

What is the salary of a Process Associate in companies similar to Absolute Insurance Surveyors and Loss Assessors in India?

The salary of a Process Associate at companies similar to Absolute Insurance Surveyors and Loss Assessors in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Vidal Health Tpa

₹1.5 Lakhs to ₹2.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Process Associate at Absolute Insurance Surveyors and Loss Assessors in India?

The salary growth for a Process Associate at Absolute Insurance Surveyors and Loss Assessors depends on factors such as experience, performance, and promotions. On average, a Process Associate can expect the following growth trajectory at Absolute Insurance Surveyors and Loss Assessors:

Experience	Average Salary Range
Fresher	₹2.3 Lakhs to ₹3.0 Lakhs per year
1 year	₹2.1 Lakhs to ₹2.7 Lakhs per year
2 years	₹1.9 Lakhs to ₹2.4 Lakhs per year
3 years	₹1.7 Lakhs to ₹2.1 Lakhs per year

and so on.

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Absolute Insurance Surveyors and Loss Assessors Process Associate Salaries

Absolute Insurance Surveyors and Loss Assessors Process Associate salary in India ranges between ₹1.8 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Absolute Insurance Surveyors and Loss Assessors latest salaries received from various employees of Absolute Insurance Surveyors and Loss Assessors.

Absolute Insurance Surveyors and Loss Assessors Process Associate salaries in India