Rs 925,950
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

Rs 102,129

Bonus

Rs 49,132

Profit Sharing

What am I worth?
How should I pay?

The average pay for an Actuary is {{pay}} per hour.

The average pay for an Actuary is Rs 925,950 per year.

10%
Rs 0.00
10%
Rs 0.00
50%
Rs 0.00
90%
90%
MEDIAN Rs 0.00
10%
Rs 306k
10%
Rs 926k
50%
Rs 5m
90%
90%
MEDIAN Rs 925,950
Rs 305,677 - Rs 4,881,464
Rs 310K
Rs 930K
Rs 5M
MEDIAN: Rs 925,950
10%
50%
90%
Rs 0Rs 4M
Salary Rs 305,677 - Rs 4,881,464
Bonus Rs 10,113 - Rs 1,011,304
Profit Sharing Rs 986 - Rs 206,084
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
Rs 318,617 - Rs 4,983,929
  • Country: India
  • Currency: INR
  • Updated: 19 Mar 2019
  • Individuals Reporting: 168

Job Description for Actuary

Actuaries play a key role in insurance companies by serving as analysts who help determine whether the company should issue an insurance policy and what the premium for that policy should be. They use a great deal of statistical analysis in their work, as they examine huge amounts of data related to costing and trends. Insurance companies must always maintain their financial health, and the role of the actuary is to manage risk in the delicate balance between issuing policies (and the costs paid for them) and the exposure to financial risk for the company.

Read More...
Actuary Tasks
  • Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits.
  • May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.

Actuary Pay By Employer

$0$250K

Humana, Inc.
17 profiles
$109,760

$115,020

Mercer LLC
14 profiles
$100,700

Geico
10 profiles
$75,750

Prudential
8 profiles
$116,405

$130,401

Aetna, Inc.
8 profiles
$95,452

$130,992

Anthem
6 profiles
$101,478

$81,610

Actuary Job Listings

Pay Difference by Location

85%

National Average: Rs 970,843

Larger city markers indicate a job is popular in that location.

Actuary Reviews

Q: What is it like working as an Actuary?

Actuary in Mumbai:
"Nyc."
Pros: Passion for the work
Cons: Too much harrassment

Actuary in Mumbai:
Pros: Complexity of calculations in liabiliy.
Cons: Pressure due to immediate impact on proft.

Actuary in Mumbai:
Pros: Dynamic, Challening & Interesting
Cons: Nothing

Key Stats for Actuary

Gender

Female
16 %
Male
84 %
Less than 1 year
28%
1-4 years
38%
5-9 years
20%
10-19 years
12%
20 years or more
3%

Experience Affects Actuary Salaries

Experienced
▲239%

Mid-Career
▲55%

National Average
Rs 971,000

▼29%

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
28%
1-4 years
38%
5-9 years
20%
10-19 years
12%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 5%
vision benefits
Vision: 5%
no benefits
None: 24%