How Much Does an Insurance Risk Manager Make in India? Salary Range, Hourly Rate and More
As of April 22, 2025, the average annual salary for an Insurance Risk Manager in India is ₹ 17,99,035, with an hourly rate of ₹ 865, according to Salary.com Global Salary IQ data. The average salary ranges from ₹ 11,50,649 to ₹ 18,01,161, influenced by factors like location, education, experience, and more.
Convert Currency to USD| Percentile | Salary | Location | Last Updated |
| 25th Percentile Insurance Risk Manager Salary | ₹ 11,50,649 | India | April 22, 2025 |
| 50th Percentile Insurance Risk Manager Salary | ₹ 17,99,035 | India | April 22, 2025 |
| 75th Percentile Insurance Risk Manager Salary | ₹ 18,01,161 | India | April 22, 2025 |
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How Much Does an Insurance Risk Manager Make by Hour, Week, Month, and Year?
Last Updated on April 22, 2025Salary.com provides you with accurate and diversified Insurance Risk Manager salary data based on specialized databases to help you get a fairer salary. The average annual pay for an Insurance Risk Manager is about ₹ 17,99,035 a year, this translates to an approximate hourly rate of ₹ 865, a monthly salary of about ₹ 1,49,920, and a weekly pay of around ₹ 34,597. Click the switch button below to see more details about Insurance Risk Manager hourly pay, weekly pay, monthly pay, and so on.
How Much Do Insurance Risk Managers Earn at Different Levels in 2025?
An Insurance Risk Manager's salary varies significantly based on experience level. Entry typically earn ₹ 65,635 - ₹ 70,352, while Intermediate make ₹ 65,989 - ₹ 70,588, Senior earn ₹ 67,286 - ₹ 71,767, Specialist earn ₹ 68,819 - ₹ 73,690, Expert can reach ₹ 70,942 - ₹ 76,575 or more, depending on the company and location.
| Levels | Salary |
|---|---|
| Entry Level Insurance Risk Manager | ₹ 68,819 |
| Intermediate Level Insurance Risk Manager | ₹ 69,173 |
| Senior Level Insurance Risk Manager | ₹ 70,352 |
| Specialist Level Insurance Risk Manager | ₹ 71,767 |
| Expert Level Insurance Risk Manager | ₹ 74,491 |
| Entry Level | 96% |
| Intermediate Level | 96% |
| Senior Level | 96% |
| Specialist Level | 96% |
| Expert Level | 96% |
Which Job Pays More: Organizational Insurance Risk Manager or Insurance Risk Manager?
As of April 22, 2025 , an Organizational Insurance Risk Manager makes more than an Insurance Risk Manager. An Organizational Insurance Risk Manager earns an average annual salary of ₹ 25,48,185. And an Insurance Risk Manager earns an average annual salary of ₹ 17,99,035.
| Job Title | Salary Range in INR |
|---|---|
| Organizational Insurance Risk Manager |
|
| Insurance Loss Control Manager |
|
| Risk Control Manager |
|
| Loss Control/Risk Manager |
|
Insurance Risk Manager Job Openings in India
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