Average Claims Manager, Insurance Salary in India
The average annual salary of Claims Manager, Insurance is ₹5,74,876.00
The starting salary of Claims Manager, Insurance is between ₹1,67,076.00 and ₹1,96,560.00 whereas the maximum salary range is between ₹10,30,000.00 and ₹11,84,500.00.
Minimum Annual Pay | Maximum Annual Pay |
---|---|
₹1,67,076.00 | ₹11,84,500.00 |
- Currency : INR
- Annual Salary : ₹5,74,876.00
- Weekly Pay : ₹10,630.00
- Fortnightly Salary : ₹21,260.00
- Monthly Salary : ₹46,064.00
Claims Manager, Insurance Salary Comparison by Gender
This pie chart demonstrates the gender share for Claims Manager, Insurance. As indicated, the golden colour represents the percentage share for women and the green represents the percentage share for men.
As shown in the chart, male employees are involved significantly more as Claims Manager, Insurance compared to female. Their involvement is 70% while of female is only 30%.
Salary Distribution Based on Years of Experience
The line graph shows Claims Manager, Insurance salary in India on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.
For Claims Manager, Insurance working less than a year in a company, you notice that their annual salary starts around ₹4,20,000.00.
As the years of experience reaches 1 to 4, there is a decrease of ₹21,074.53 which would decline total wage to ₹3,98,925.47.
Once the experience reaches 5-9 years Claims Manager, Insurance salary would increase again to a total of ₹6,16,112.15, adding ₹2,17,186.68 from the last salary increase.
After reaching the 10-19 year experience in their career, decrease in salary is noted to a total of ₹10,69,000.00.
And finally, once the Claims Manager, Insurance gains 20 years of experience or more, their salary would reach ₹17,85,300.00.
Prominent Skills Affecting Claims Manager, Insurance Salary
The bar graph data indicates the importance of specific skills which can have a direct impact on Claims Manager, Insurance's salary. It clearly highlights the skills needed for a post of Claims Manager, Insurance when hired by an employer.
The most vital skill expected of Claims Manager, Insurance is Customer Service which impacts the most than the rest of the skills indicated with a staggering 67% comparatively. Therefore, one’s salary would greatly depend on their skills in Customer Service.
The skill least likely to affect one’s pay would be Risk Management / Risk Control with 3%. It can be said that Risk Management / Risk Control skill will unlikely impact the salary.
Compensation Statistics Based on Experience Levels
This combination of a line and the bar graph shows how the experience affects the salary of Claims Manager, Insurance. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.
As shown in the trends, lowest earning is ₹3,96,664.00 whereas the highest earning is ₹17,99,362.00 which clearly shows the salary increases with the level of expertise.
Experienced person will earn the maximum salary of ₹17,99,362.00 at 213%. So to summerize, Entry Level earns 29% less than the average salary, Early Career earns 31% less than the average salary, Mid Carrer earns 7% more than the average salary, Late Career earns 88% more than the average salary, Experienced earns 213% more than the average salary.
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