EXL Service Insurance Analyst Salaries by 10+ Employees (Updated 2025)

1 - 6 years exp.

₹1.6 Lakh - ₹3.1 Lakhs

Salary of majority employees

28% less than the average Insurance Analyst Salary in Analytics & KPO Companies for 1 - 6 years of experience

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Salaries in different departments

Customer Success, Service & Operations Insurance Analyst Salary 1 - 5 years exp. (5 salaries)	₹2.2 L/yr - ₹3.1 L/yr
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BFSI, Investments & Trading Insurance Analyst Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.3 L/yr

Last Updated: 8 Mar 2025

Companies similar to EXL Service for Insurance Analyst

Company name	Avg Annual Salary	Open Jobs
AGS Health Insurance Analyst Salary 2 - 3 years exp. (3 salaries)	₹2 L/yr - ₹2.5 L/yr 18% less
Accenture Insurance Analyst Salary 3 - 10 years exp. (64 salaries)	₹3 L/yr - ₹8.7 L/yr 133% more
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Xceedance Insurance Analyst Salary 0 - 3 years exp. (49 salaries)	₹2 L/yr - ₹5.5 L/yr 31% more
TCS Insurance Analyst Salary 0 - 9 years exp. (47 salaries)	₹2.1 L/yr - ₹5 L/yr 26% more
EOX Vantage Insurance Analyst Salary 0 - 3 years exp. (46 salaries)	₹1.9 L/yr - ₹4.5 L/yr 2% less

Insurance Analyst salary at EXL Service ranges between ₹1.6 Lakh to ₹3.1 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 12 latest salaries received from various employees of EXL Service.

Experience wise EXL Service Insurance Analyst salaries

Last Updated: 8 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.1 L/yr
2 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.1 L/yr
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3 years (4 salaries)	₹1.6 L/yr - ₹3 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.7 L/yr
5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹4.6 L/yr
6 years (AmbitionBox Estimate)	₹2.2 L/yr - ₹4.5 L/yr

View all

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Senior Analyst Salary

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₹2.5 L/yr - ₹10 L/yr

Process Analyst Salary

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Analyst Salary

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Team Lead Salary

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₹4.45 L/yr - ₹11 L/yr

Associate Consultant Salary

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₹2.5 L/yr - ₹10.9 L/yr

Process Specialist Salary

(7 salaries)

₹4.5 L/yr - ₹5 L/yr

Salary related reviews for EXL Service

2.0

Rated by 1 employees for salary & benefits

Senior Associate in Noida

Full Time

Other Department

1.0

• posted on 21 Mar 2025

1.0

for Salary and Benefits

Likes

As an organisation EXL may be good but the process under which I worked was pathetic and the manegement sucks.

Dislikes

The toxic culture, they don't pay the same amount to employees who have been working hard here from last 4-5 years but they pay the current market payout to the new employees

Salary - Bad

+5 more

Senior Associate in Noida (working remotely)

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Oct 2024

2.0

for Salary and Benefits

Likes

Their work culture is good overe there all supervisors and managers are supportive.

Job security - Good

+3 more

Dislikes

Their salary structure they don't do increment as employee expectations. And also they don't offers good salary to their employees in insurance Process.

Salary - Poor

+1 more

Business Analyst in Ahmedabad

Full Time

Consulting Department

3.0

• posted on 14 Mar 2024

1.0

for Salary and Benefits

Likes

You will not be fired. They will try their best to accomodate you with any client. They had all good banking clients, and had good projects. This is before 2020

Job security - Good

+1 more

Dislikes

Salary is the worst. You don't promotions and incentives based on your but based on your

Salary - Bad

+4 more

Quality Analyst in Pune

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 29 Feb 2024

3.0

for Salary and Benefits

Likes

EXL Service is a good company overall in case of IJPs. If you are looking to learn and grow fast EXL is a good option.

Skill development - Excellent

+5 more

Dislikes

The only drawback in working with EXL is the salary. The salary is very low as compared to market standards and if someone wants to leave they don't have a retention policy of offering an increment. No matter how how big of an asset you are for the company they won't retain you unless you are on the level of OPS manager and above. Even if your manager tries the HR won't approve a pay raise. On The contrary while hiring QA from outside they offer good package but won't offer the same to a QA who has been outperforming in the process and seems to be a valuable asset.

Senior Associate in Noida

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 05 Jan 2024

2.0

for Salary and Benefits

Likes

Work from home . if you're a fresher graduate you can.

Dislikes

Salary... they give salary in penny, chillers, Managers. I want to take names Kiran and mukesh ( she is real evil ) Ther are the real enemy they will cut you down after hiring 1.5 lac to 2 lac freshers😆 this is how they justify their salary... You can't take you CL PL SL, if you want you have to work on Saturday, I don't know when or ever government will look these matters? They will deduct employees PF plus employers pension amount from your salary 😆😆😆 And because you are the employee you cant argue about it because boss is always right.. (This is Illigal) And HRs they will sell themselves in just 2 thousands. Good luck 🤞

Salary - Poor

+5 more

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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EXL Service Insurance Analyst Salary FAQs

What is the salary of Insurance Analyst at EXL Service ?

The average salary of a Insurance Analyst at EXL Service in India typically ranges from ₹1.6 Lakhs to ₹3.1 Lakhs per year, depending on experience (from 1 year to 6 years).

The top 10% of Insurance Analyst at EXL Service earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.1 Lakhs per year. Insurance Analyst Salaries at EXL Service 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 10+ EXL Service employees in India.

What is the estimated take home salary of a Insurance Analyst at EXL Service in India?

The estimated take-home salary of a Insurance Analyst at EXL Service in India typically ranges from ₹18,825 to ₹20,506 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹3.1 Lakhs per year for employees with experience ranging from 1 year to 6 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 10+ salaries received from various employees of EXL Service. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than EXL Service for Insurance Analyst in India?

Accenture	₹3.0 Lakhs to ₹8.7 Lakhs per year
Xceedance	₹2.0 Lakhs to ₹5.5 Lakhs per year
TCS	₹2.1 Lakhs to ₹5.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by EXL Service, depending on the role and experience level.

What is the salary of a Insurance Analyst in companies similar to EXL Service in India?

The salary of a Insurance Analyst at companies similar to EXL Service in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

EOX Vantage	₹1.9 Lakhs to ₹4.5 Lakhs per year
AGS Health	₹2.0 Lakhs to ₹2.5 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 Analyst at EXL Service in India?

The salary growth for a Insurance Analyst at EXL Service depends on factors such as experience, performance, and promotions. On average, a Insurance Analyst can expect the following growth trajectory at EXL Service:

Experience	Average Salary Range
1 year	₹2.3 Lakhs to ₹5.1 Lakhs per year
2 years	₹1.1 Lakhs to ₹3.1 Lakhs per year
3 years	₹1.6 Lakhs to ₹3.0 Lakhs per year
4 years	₹2.4 Lakhs to ₹4.7 Lakhs per year

and so on.

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EXL Service Insurance Analyst Salaries

EXL Service Insurance Analyst salary in India ranges between ₹1.6 Lakh to ₹3.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 EXL Service latest salaries received from various employees of EXL Service.