Insurance Risk Manager Salary in Mumbai, IN
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How much does an Insurance Risk Manager make in Mumbai, IN? The average Insurance Risk Manager salary in Mumbai, IN is ₹2,745,401 as of March 18, 2021, but the range typically falls between ₹1,790,276 and ₹5,710,434. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more global market data that allows you to price your jobs around the world and compare job salaries across countries and cities on real-time compensation data, Salary.com helps you to determine your exact pay target.
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What does an Insurance Risk Manager do?
Insurance Risk Manager
Corrientes, AR
Follow policies and procedures as set forth in the Personnel Policy Manual and other corporate policies.
12/28/2020
Insurance Risk Manager
Jaipur, IN
Following up on breeding recommendations with facility staff.
12/25/2020
Insurance Risk Manager
Gold Coast, AU
Follow up on the status of the disputes to verify resolution of disputes ensuring appropriate investigations have occurred.
12/18/2020
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Career Path for Insurance Risk Manager
About Mumbai, India
Mumbai is on a narrow peninsula on the southwest of Salsette Island, which lies between the Arabian Sea to the west, Thane Creek to the east and Vasai Creek to the north. Mumbai's suburban district occupies most of the island. Navi Mumbai is east of Thane Creek and Thane is north of Vasai Creek. Mumbai consists of two distinct regions: Mumbai City district and Mumbai Suburban district, which form two separate revenue districts of Maharashtra. The city district region is also commonly referred to as the Island City or South Mumbai. The total area of Mumbai is 603.4 km2 (233 sq mi). Of this, the...
Source: Wikipedia (as of 03/30/2021). Read more from Wikipedia
Insurance Risk Manager Pay Difference by Cities
| City, Country | Compared to national average |
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| City, Country Mumbai, IN |
Compared to national average
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| City, Country Jaipur, IN |
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| City, Country Kanpur, IN |
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| City, Country Lucknow, IN |
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| City, Country Nagpur, IN |
Compared to national average
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| City, Country Indore, IN |
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Employees with Insurance Risk Manager in their job title in Mumbai, IN earn an average of 8.4% more than the national average. The lower salaries can be found in Nagpur, IN (16.3% less), Indore, IN (14.5% less), Lucknow, IN (12.4% less), Jaipur, IN (9.2% less), Kanpur, IN (6.6% less).
Similar Jobs to Insurance Risk Manager in Mumbai, IN
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| Job Title | Location | Salary Range in INR |
|---|---|---|
| Job Title Insurance Loss Control Manager | Location Mumbai, IN |
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| Job Title Loss Control/Risk Manager | Location Mumbai, IN |
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| Job Title Organizational Insurance Risk Manager | Location Mumbai, IN |
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| Job Title Risk Analyst II | Location Mumbai, IN |
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| Job Title Risk Analyst III | Location Mumbai, IN |
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Understand the base salary paid range for an Insurance Risk Manager in Mumbai, IN
Average Base Salary
Core compensation
1790276
5710434
The chart shows the base salary for Insurance Risk Manager in Mumbai ranges from ₹1,790,276 to ₹5,710,434 with the average base salary of ₹2,745,401. The basic salary is the employee minimum income you can expect to earn in exchange for your time or services. This is the amount earned before adding benefits, bonuses, or compensation. The base salary of the Insurance Risk Manager may get paid difference by industry, location, and factors.
Insurance Risk Manager Frequently Asked Questions
Can I expect to receive a higher salary for the position of Insurance Risk Manager in Mumbai than for the same job in Nagpur in the India?
On average, an Insurance Risk Manager, working in Mumbai, India, would generally get a higher salary than those working in the city of Nagpur. The larger cities in the IN typically provide numerous opportunities for Insurance Risk Manager Jobs. Since Mumbai, India is an attractive place to work for many professions, Insurance Risk Manager Jobs could be competitive. Candidates need to consider personal preferences when deciding on a work location and weigh all factors including employment viability, cost of living, workforce competition, and quality of life in a particular location.
March 18, 2021
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What is the salary range for an Insurance Risk Manager in Mumbai, India? What is the average hourly rate?
The average salary for an Insurance Risk Manager in Mumbai, India is ₹2,745,401 per year. The salary range for an Insurance Risk Manager is between ₹1,790,276 and ₹5,710,434. While we are seeing hourly wages as high as ₹2,745 and as low as ₹861, the majority of Insurance Risk Managers are currently paid an average of ₹1,320 in Mumbai, India. The average salary pay range for an Insurance Risk Manager can vary depending on specific skills, level of skill, location, education, and years of experience. The company size, industry, and location, and numbers of available job candidates may also affect salary offers. Salaries for an Insurance Risk Manager in Mumbai, India can differ based on any or all of these varying factors.
March 18, 2021
salary.com
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Besides the base pay, what other benefits might be negotiable when considering an Insurance Risk Manager job? What common items are generally included in a total compensation package?
A total compensation package consists of base pay or salary and all other types of pay and benefits that an Insurance Risk Manager working in Mumbai, India will receive in exchange for their job. Some common items included in the total compensation of an Insurance Risk Manager working in the Mumbai, India are bonuses, medical/dental/vision benefits coverage, paid leaves, life insurance, and pension plan company match. Some companies in the Mumbai, India might also offer long-term incentives such as stock options or stock grants for Insurance Risk Managers. Other popular benefits are gym memberships, free parking, monthly car expenses, free food, and company discounts. Evaluate all offered benefits to determine if they are of value to you. Consider items that you value and see if you can negotiate favorable terms for them. For example, request an extra week of vacation, reimbursement for training, flexible work hours, or subsidized parking. These perks have a value that should be included when you evaluate the entire compensation package offered to you.
March 18, 2021
salary.com
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Last Update: March 18, 2021