Cognizant Mumbai Insurance Consultant Salaries by 4 Employees (Updated 2025)

7 - 9 years exp.

₹15.9 Lakhs - ₹21 Lakhs

Avg. annual salary

Monthly In-hand Salary

423% more than the average Insurance Consultant Salary in IT Services & Consulting Companies for 7 - 9 years of experience

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Last Updated: 31 Jan 2025

Companies similar to Cognizant for Insurance Consultant in Mumbai

Cognizant Insurance Consultant Salary

7 - 9 years exp. (4 salaries)

₹15.9 L/yr - ₹21 L/yr

Company name	Avg Annual Salary	Open Jobs
Reliance General Insurance Insurance Consultant Salary 1 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹3.8 L/yr 83% less
ICICI Bank Insurance Consultant Salary 1 - 5 years exp. (3 salaries)	₹1.5 L/yr - ₹2 L/yr 90% less
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Bajaj Allianz Life Insurance Insurance Consultant Salary 2 - 8 years exp. (3 salaries)	₹1.5 L/yr - ₹2.9 L/yr 85% less

Insurance Consultant salary at Cognizant ranges between ₹15.9 Lakhs to ₹21 Lakhs per year for employees with experience between 7 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Cognizant.

Experience wise Cognizant Insurance Consultant salaries in Mumbai

Last Updated: 31 Jan 2025

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹15.4 L/yr - ₹19.7 L/yr
8 years (AmbitionBox Estimate)	₹15.8 L/yr - ₹20.2 L/yr
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9 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr

Similar Designation salaries in Cognizant

Senior Associate Salary

(848 salaries)

₹9.8 L/yr - ₹30 L/yr

Salary related reviews for Cognizant

Senior Associate in Noida

Full Time

Engineering - Software & QA Department

2.0

• posted on 20 Mar 2025

3.0

for Salary and Benefits

Likes

As working here is quite good when your manager is cooperative. Though In previous two years work and manager both was good no complaints for them and i worked from home till now and everyone was cool.

Skill development - Good

Dislikes

Now during current project my so called manager is psycho. Here in cognizant manager also do coding but he is like only I have to do everything and he just wants credit for it. Even to other squads he is like only he is doing work. He oftenly insulted me and two other team mates. I talked with my home manager but no benefit. Only you have to suffer in that scenario.

Job security - Poor

+3 more

Senior Associate in Pune

Full Time

Consulting Department

2.0

• posted on 19 Mar 2025

3.0

for Salary and Benefits

Likes

1. salary do not have varaibale component. 2. Co-workers are good.

Dislikes

1. Low job security 2. Forcing people to work from office(ODC) 3. Mostly support projects 4. Very low transparency with poor management 5. Work satisfaction is very average

Skill development - Poor

+5 more

Senior Associate in Hyderabad / Secunderabad

Full Time

IT & Information Security Department

3.0

• posted on 26 Jan 2025

4.0

for Salary and Benefits

Likes

Cognizant have lot of job opportunities and provide nice pay according to market standards. People working in cognizant can switch to other technology and work on it.

Salary - Good

+1 more

Dislikes

Hikes are very less when compare to other companies. Due to internal politics talented people efforts are recognised.

Skill development - Poor

+3 more

Senior Associate in Noida

Full Time

Procurement & Supply Chain Department

4.0

• posted on 10 Jan 2025

3.0

for Salary and Benefits

Likes

Cognizant has strong capebilities in delivering technology services with a robust support. People are satisfied working here but since past couple of years company has not given ample opportunitiesto employees in terms of growth and compensastion

Work satisfaction - Good

+2 more

Dislikes

Not good approasal No timely appraisal No promotion policies No standard salary parameters as per exp No benchmarking for compensastion

Senior Associate in Kolkata

Full Time

Engineering - Software & QA Department

3.0

• posted on 10 Jan 2025

4.0

for Salary and Benefits

Likes

If you swith to Cognizant, they will provide good salary compared to other service based company. They also push their associate for skill development with regular certification drive.

Salary - Good

+1 more

Dislikes

The appraisal system dropped drastically in couple of years. Very minimum salary hike with high ratings.

Promotions - Poor

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What people are saying about Cognizant

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a senior software engineer

2w (edited)

Need help to decide

I have the following offers and confused to choose one. Exp: 6.8 Java backend dev cognizant - 25 lpa (24 fixed) Epam - 28 fixed Citi - 30 fixed If i ask epam with citi offer they will increase their offer, but my question is that worth negotiating with them? Please give you suggestions. My Last working day is 31 March 2025.

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Cognizant Insurance Consultant Salary FAQs

What is the salary of Insurance Consultant at Cognizant in Mumbai?

The average salary of a Insurance Consultant at Cognizant in Mumbai typically ranges from ₹15.9 Lakhs to ₹21.0 Lakhs per year, depending on experience (from 7 years to 9 years).

The top 10% of Insurance Consultant in Mumbai at Cognizant earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Insurance Consultant Salaries at Cognizant 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 Cognizant employees in India.

What is the estimated take home salary of a Insurance Consultant at Cognizant in Mumbai?

The estimated take-home salary of a Insurance Consultant at Cognizant in Mumbai typically ranges from ₹1,14,908 to ₹1,18,111 per month. This is based on the average salary range of ₹15.9 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from 7 years to 9 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 Cognizant. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Insurance Consultant in companies similar to Cognizant in Mumbai?

The salary of a Insurance Consultant at companies similar to Cognizant in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Reliance General Insurance	₹1.8 Lakhs to ₹3.8 Lakhs per year
Bajaj Allianz Life Insurance	₹1.5 Lakhs to ₹2.9 Lakhs per year
ICICI Bank	₹1.5 Lakhs to ₹2.0 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 Insurance Consultant at Cognizant in Mumbai?

The salary growth for a Insurance Consultant at Cognizant in Mumbai depends on factors such as experience, performance, and promotions. On average, a Insurance Consultant in Mumbai can expect the following growth trajectory at Cognizant:

Experience	Average Salary Range
7 years	₹15.4 Lakhs to ₹19.7 Lakhs per year
8 years	₹15.8 Lakhs to ₹20.2 Lakhs per year
9 years	₹16.2 Lakhs to ₹20.7 Lakhs per year

and so on.

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Cognizant Insurance Consultant Salaries in Mumbai

Cognizant Insurance Consultant salary in Mumbai ranges between ₹15.9 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Cognizant latest salaries received from various employees of Cognizant.