Insurance Agent Salary: In India, Per Month, For Freshers, Government Jobs, Average Salary, Highest Salary, Experience Wise Salary

Insurance Agents sell insurance policies to individuals and businesses, provide guidance on coverage options and assist clients with insurance-related claims and needs. The average annual salary of an Insurance Agent in India is INR 2 LPA with the highest salary being INR 3.6 LPA.

To become an Insurance Agent, candidates can pursue different courses in finance, insurance or banking. BBA Insurance, BMS Finance, MBA Insurance and MCom Banking and Insurance are some of the top courses that can be pursued by candidates. Amity University Noida, BIMTECH, AMU and Chandigarh University are some of the top colleges offering courses in insurance and related fields.

Insurance Agent Salary in India

The average salary of an Insurance Agent after gaining significant experience is INR 2 LPA. The starting salary for an Insurance Agent in India is INR 0.2 LPA while the highest salary is INR 3.6 LPA. The estimated monthly salary in India for Insurance Agents is between INR 13,765 to INR 15,226.

Insurance Agents with experience of about 5 years are earning up to INR 2.1 LPA in India. Insurance underwriters and insurance brokers are top designations with average annual salaries of INR 4 LPA and INR 3 LPA respectively.

Insurance Agent Salary: Experience Wise

Experienced Insurance Agents are compensated more than new ones because of their expertise and skills. Experience is one of the important factors in deciding the salary of an Insurance Agent.

The following table highlights the Insurance Agent salaries based on years of experience.

Insurance Agent Salary: Designation Wise

Insurance Agents have expertise in advertising and selling different insurance to match the need of their clients. The profession has varied salaries depending upon the various designations. Insurance Agent salaries for some of the top designations are mentioned in the table below.

Insurance Agent Salary: Skill Wise

Insurance Agents are required to have a varied set of skills and expertise to efficiently perform their roles and negotiate good deals for their clients. Insurance Agents' salaries according to different skills are mentioned in the following table.

Insurance Agent Salary: Qualification Wise

Most Insurance Agents possess a high level of education and training to gain knowledge and skills to excel in their roles. Candidates with full-time degrees earn more than those with short-term courses. The following table highlights the salaries of Insurance Agents at different qualification levels.

Insurance Agent Salary: Company Wise

Insurance against are hired by various insurance companies for selling their insurance policies and attracting potential clients. The table below highlights the salary of some of the top recruiters of Insurance Agents in India.

Insurance Agent Salary: City Wise

Insurance Agents are required to work in the different parts of the country because of the widespread presence of different insurance companies. Their salary is also affected by the location. Insurance Agent salaries from some of the top Indian cities are mentioned in the table below.

Insurance Agent Salary: Country Wise

Because of their guidance and negotiating skills, Insurance Agents are hired by various insurance companies across the world. Candidates can also apply for Insurance Agent jobs in other countries after completing their education.

Some of the top countries with good pay for Insurance Agents are mentioned in the table below.