The average salary for an Insurance Agent in India is ₹250,193.
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What Do Insurance Agents Do?
Insurance is a general term for a type of prepaid policy that provides a policy holder with a financial benefit in case of calamity. Common kinds of policies include auto insurance, health insurance, life insurance, long-term disability coverage, and property/renter's insurance. An insurance agent typically sells one or more type of policy from an office environment such as an agency, brokerage firm, or insurance company. Insurance agents who work for a brokerage firm will likely sell policie…Read more
Insurance Agent Tasks
- Sell insurance policies to businesses or individuals.
- Utilize referrals, phone calls, mailings, and other forms of advertising to generate new customers.
- Process the paperwork to enroll customers in policies and calculate premiums.
- Explain insurance policies to customers and help them customize policies to fit their needs.
Insurance Agent Job Listings
What Are Popular Skills for Insurance Agents?
Skills that pay less than market rate include Customer Relations, Sales and Insurance.
What is the Pay by Experience Level for Insurance Agents?
An entry-level Insurance Agent with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹200,000 based on 18 salaries. An early career Insurance Agent with 1-4 years of experience earns an average total compensation of ₹235,832 based on 34 salaries. A mid-career Insurance Agent with 5-9 years of experience earns an average total compensation of ₹325,000 based on 13 salaries. An experienced Insurance Agent with 10-19 years of experience earns an average total compensation of ₹400,000 based on 9 salaries.
Pay Difference by Location
Employees with Insurance Agent in their job title in Mumbai, Maharashtra earn an average of 69.9% more than the national average. These job titles also find higher than average salaries in Chennai, Tamil Nadu (15.9% more) and New Delhi, Delhi (14.9% more). The lowest salaries can be found in Bangalore, Karnataka (4.1% less).
Years of Experience
This data is based on 74 survey responses.