Average Entry-Level Actuary Salary in India

₹517,371
Avg. Salary
₹50,868
Bonus
₹52,778
Profit Sharing
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The average salary for an Entry-Level Actuary in India is ₹517,371.
10%
₹298k
MEDIAN
₹517k
90%
₹2m
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Salary
₹298k - ₹2m
Bonus
₹20k - ₹153k
Profit Sharing
₹0 - ₹53k
Total Pay
₹314k - ₹2m
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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 is the Pay by Experience Level for Actuaries?

An early career Actuary with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) 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 28 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.

Pay Difference by Location

Learn more about cost of living by city.
Employees with Actuary in their job title in Bangalore, Karnataka earn an average of 16.0% more than the national average. These job titles also find higher than average salaries in Mumbai, Maharashtra (2.4% more) and Delhi, Delhi (0.4% more). The lowest salaries can be found in New Delhi, Delhi (32.4% less).

Years of Experience

This data is based on 104 survey responses.
Early Career
45.2%
Mid Career
26.9%
Experienced
23.1%
Late Career
4.8%

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