Mercer Insurance Specialist Salaries by 5 Employees (Updated 2025)

4 - 7 years exp.

₹6 Lakhs - ₹7.4 Lakhs

Low Confidence

Salary of majority employees

Fixed (92%)

₹6.2 Lakhs

Variable (8%)

₹0.5 Lakh

38% less than the average Insurance Specialist Salary in Management Consulting Companies for 4 - 7 years of experience

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Salaries in different departments

Customer Success, Service & Operations Insurance Specialist Salary 5 - 7 years exp. (3 salaries)	₹6 L/yr - ₹7 L/yr
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Healthcare & Life Sciences Insurance Specialist Salary 5 years exp. (AmbitionBox Estimate)	₹6.7 L/yr - ₹8.1 L/yr

Last Updated: 18 Mar 2025

Companies similar to Mercer for Insurance Specialist

Company name	Avg Annual Salary	Open Jobs
Willis Towers Watson Insurance Specialist Salary 7 - 13 years exp. (3 salaries)	₹6.3 L/yr - ₹7.5 L/yr 4% more
TCS Insurance Specialist Salary 2 - 6 years exp. (39 salaries)	₹2.1 L/yr - ₹4.3 L/yr 52% less
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Marsh McLennan Insurance Specialist Salary 0 - 9 years exp. (26 salaries)	₹3 L/yr - ₹6.4 L/yr 25% less
Citicorp Insurance Specialist Salary 11 - 19 years exp. (21 salaries)	₹10 L/yr - ₹36 L/yr 267% more
Standard Chartered Insurance Specialist Salary 3 - 17 years exp. (18 salaries)	₹5 L/yr - ₹10.1 L/yr 23% more

Insurance Specialist salary at Mercer ranges between ₹6 Lakhs to ₹7.4 Lakhs per year for employees with experience between 4 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Mercer.

Experience wise Mercer Insurance Specialist salaries

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
4 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹12.6 L/yr
5 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹7.4 L/yr
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6 years (AmbitionBox Estimate)	₹6.5 L/yr - ₹11.9 L/yr
7 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.6 L/yr

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Top skills at Mercer for Insurance Specialist

Reinsurance

Salary related reviews for Mercer

5.0

Rated by 1 employees for salary & benefits

Senior Analyst in Pune

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 14 Sep 2022

1.0

for Salary and Benefits

Likes

Not good company

Dislikes

There is a lot of politics and the management doesn’t address our issues. Salary is decent but career growth is slow. they only looking for business. Not transpercy in progress report and other things. Very pathetic company. The employee which is senior they not increase there package but the employee which is new hire they gives good package as compared to Senior once.

Salary - Bad

+4 more

Deputy Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 11 Feb 2023

1.0

for Salary and Benefits

Likes

Company values and people centric organisation. Care a lot about people

Job security - Good

Dislikes

Perks and Salary benefits are not good. Management is biased and runs around few people. Poor skill development, quality of work is very low.

Salary - Bad

+3 more

Senior Analyst in Noida

Full Time

Finance & Accounting Department

4.0

• posted on 20 Mar 2018

4.0

for Salary and Benefits

Likes

...h corporate standards which will help a new employees to sharpen his/her skills.Compensation is also good as compared to other companies.Friendly ambience with right work life balance.

Salary - Good

+4 more

Dislikes

Nothing to discuss but growth opportunities should be made better.

Process Developer in Gurgaon / Gurugram

Sales & Business Development Department

4.0

• posted on 05 Sep 2022

5.0

for Salary and Benefits

Likes

...here are no hidden deductions in CTC except Tax and PF. Free cab and free lunch. Yearly bonus. Trainings

Salary - Excellent

+5 more

Dislikes

Repeated work. In my department, managers are not involved in actual processing and in some cases they don't even know how to process. All they do is "MANAGING" which results in repeated time-sheets and other unnecessary admin work. Learning is very less.

Senior Analyst in Gurgaon / Gurugram

BFSI, Investments & Trading Department

4.0

• posted on 12 Aug 2021

4.0

for Salary and Benefits

Likes

Infrastructure is good leaves are good they do not deduct money for leaves of absent salary is on time, interaction with onshore team . This company is very good for married people.

Salary - Good

+6 more

Dislikes

Incentives policy change quatorly to annually You will get as per performance if you are leaving company before December you are not eligible to get incentives amount.company is good but peoples are not good. senior employees rules like college if you cannot learn things quickly they will past a negative comments just on your face,and also pass negativity about you to your manager without your knowledge but some teams are very good supportive and helpful .but in my team they made me cried for 2 times in the office and many times mood off. But if you are a person who can fight back at an cost this place is good for you.

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Mercer Insurance Specialist Salary FAQs

What is the salary of Insurance Specialist at Mercer ?

The average salary of a Insurance Specialist at Mercer in India typically ranges from ₹6.0 Lakhs to ₹7.4 Lakhs per year, depending on experience (from 4 years to 7 years).

The top 10% of Insurance Specialist at Mercer earn more than ₹7.4 Lakhs per year, and the top 1% earn over ₹7.4 Lakhs per year. Insurance Specialist Salaries at Mercer 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 5 Mercer employees in India.

What is the estimated take home salary of a Insurance Specialist at Mercer in India?

The estimated take-home salary of a Insurance Specialist at Mercer in India typically ranges from ₹51,236 to ₹52,444 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹7.4 Lakhs per year for employees with experience ranging from 4 years to 7 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 5 salaries received from various employees of Mercer. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Insurance Specialist at Mercer ?

Reinsurance is a popular skill required to work as a Insurance Specialist at Mercer.

Which companies offer higher salaries than Mercer for Insurance Specialist in India?

Citicorp	₹10.0 Lakhs to ₹36.0 Lakhs per year
Standard Chartered	₹5.0 Lakhs to ₹10.1 Lakhs per year
Willis Towers Watson	₹6.3 Lakhs to ₹7.5 Lakhs per year

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

What is the salary of a Insurance Specialist in companies similar to Mercer in India?

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

Marsh McLennan	₹3.0 Lakhs to ₹6.4 Lakhs per year
TCS	₹2.1 Lakhs to ₹4.3 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 Specialist at Mercer in India?

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

Experience	Average Salary Range
4 years	₹6.5 Lakhs to ₹12.6 Lakhs per year
5 years	₹2.7 Lakhs to ₹7.4 Lakhs per year
6 years	₹6.5 Lakhs to ₹11.9 Lakhs per year
7 years	₹6.0 Lakhs to ₹11.6 Lakhs per year

and so on.

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Mercer Insurance Specialist Salaries

Mercer Insurance Specialist salary in India ranges between ₹6 Lakhs to ₹7.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Mercer latest salaries received from various employees of Mercer.