Average Actuary Salary in India

₹977,532
Avg. Salary
₹193,977
Bonus
₹45,276
Profit Sharing
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The average salary for an Actuary in India is ₹977,532.
10%
₹350k
MEDIAN
₹978k
90%
₹5m
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Salary
₹350k - ₹5m
Bonus
₹20k - ₹981k
Profit Sharing
₹500 - ₹150k
Total Pay
₹360k - ₹5m
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What Do Actuaries Do?

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 Job Listings

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What Are Popular Skills for Actuaries?

Skills in Pricing, Financial Modeling, Data Analysis, Statistical Analysis and Insurance are correlated to pay that is above average.

What is the Pay by Experience Level for Actuaries?

An entry-level Actuary with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹517,371 based on 29 salaries. An early career Actuary with 1-4 years of experience earns an average total compensation of ₹786,971 based on 47 salaries. A mid-career Actuary with 5-9 years of experience earns an average total compensation of ₹1,500,000 based on 26 salaries. An experienced Actuary with 10-19 years of experience earns an average total compensation of ₹2,927,074 based on 24 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹850,000.
Employees with Actuary in their job title in Mumbai, Maharashtra earn an average of 67.4% more than the national average. These job titles also find higher than average salaries in Bangalore, Karnataka (22.8% more). The lowest salaries can be found in New Delhi, Delhi (48.9% less), Gurgaon, Haryana (38.6% less) and Chennai, Tamil Nadu (33.5% less).

Years of Experience

This data is based on 131 survey responses.
Entry Level
22.1%
Early Career
35.9%
Mid Career
19.8%
Experienced
18.3%
Late Career
3.8%

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