Average Actuarial Specialist Salary in Kanpur, India for 2026

In this article, we will look at the average Actuarial Specialist salary for 2026 in Kanpur and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol ₹.

How Much Does an Actuarial Specialist Make in Kanpur?

An Actuarial Specialist working in Kanpur will typically earn around 367,200 INR per year, and this can range from the lowest average salary of about 187,300 INR to the highest average salary of 566,900 INR.

Average Annual Salary367,200 INR
Average Monthly Salary30,600 INR
Average Lowest Salary187,300 INR
Lowest Monthly Salary15,608 INR
Average Highest Salary566,900 INR
Highest Monthly Salary47,241 INR

These are average salaries for an Actuarial Specialist in Kanpur and include benefits such as housing and transport. It's also possible for an Actuarial Specialist to earn more or less than the average salaries shown above.

Actuarial Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Actuarial Specialist Salaries in Kanpur

So we've looked at the average salaries an Actuarial Specialist will earn in Kanpur. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Actuarial Specialist can earn between 187,300 INR and 566,900 INR on average in Kanpur. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Actuarial Specialist in Kanpur is 362,200 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 362,200 INR, and 50% of the population earn more than 362,200 INR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Actuarial Specialist salary in Kanpur, 25% of the population are earning less than 246,500 INR while 75% of the population earn more than 246,500 INR.

75% of the population earn less than 455,400 INR, and 25% of the population earn more than 455,400 INR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Actuarial Specialist Salary by Experience Level in Kanpur

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Actuarial Specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Actuarial Specialist in Kanpur that has less than two years of experience can expect to earn somewhere in the region of 209,700 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Actuarial Specialist salary would increase to 273,000 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Actuarial Specialist, the average salary would be 384,500 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 464,400 INR.
  • 15 - 20 Years Experience. An Actuarial Specialist with 15 to 20 years of experience can earn an average of 501,400 INR.
  • 20+ Years Experience. For an Actuarial Specialist with more than 20 years, the expected average salary increases to 541,700 INR.

Average Salary by Experience Chart

0-2 Years-
209,700 INR
2-5 Years+31%
273,000 INR
5-10 Years+40%
384,500 INR
10-15 Years+20%
464,400 INR
15-20 Years+9%
501,400 INR
20+ Years+8%
541,700 INR

Actuarial Specialist Salary by Education Level in Kanpur

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Actuarial Specialist in Kanpur based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Actuarial Specialist in Kanpur with a certificate or diploma education can earn an average salary of 239,300 INR.
  • Bachelor's Degree. An Actuarial Specialist in Kanpur with a bachelor's degree education can earn an average salary of 361,500 INR.
  • Master's Degree. An Actuarial Specialist in Kanpur with a master's degree education can earn an average salary of 537,300 INR.

Average Salary by Education Chart

Certificate or Diploma-
239,300 INR
Bachelor's Degree+50%
361,500 INR
Master's Degree+48%
537,300 INR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in India is around 160,000 to 479,000 INR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Actuarial Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Kanpur, a male actuarial specialist will earn an average of 394,800 INR, while a female actuarial specialist will earn around 345,100 INR.

This means that a male actuarial specialist earns approximately 14% more than a female actuarial specialist for performing the same job.

Average Salary by Gender Chart in Kanpur

Male-
394,800 INR
Female-14%
345,100 INR

Actuarial Specialist Average Pay Raise in Kanpur

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Actuarial Specialist in Kanpur is around 12% every 16 months.

The national average pay raise across all professions and industries in India is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 16 ) × 12  = 9%

What this means is that an Actuarial Specialist in Kanpur can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Kanpur for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in India.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
1%
Energy-
2%
Information Technology-
3%
Healthcare-
4%
Travel-
5%
Construction-
6%
Education-
7%

Actuarial Specialist Bonus and Incentive Rates in Kanpur

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Actuarial Specialist is a moderate bonus based job, with 58% of employees reporting at least one bonus in the last 12 months.

42% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus-
58%
No Bonus-
42%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in India earn approximately 6% more than private sector employees in the same role.

Public Sector-
392,300 INR
Private Sector-6%
371,100 INR

Salaries for Jobs Similar to an Actuarial Specialist

In the table below, we have salary information for jobs that are similar to an Actuarial Specialist in Kanpur.

Job TitleCategorySalary
Actuarial AnalystInsurance514,300 INR
Actuarial AssistantInsurance362,200 INR
ActuaryInsurance514,300 INR
Adjustment Insurance ClerkInsurance143,200 INR
Assistant BrokerInsurance240,500 INR
Assistant Claims ManagerInsurance414,000 INR
Associate Insurance RepresentativeInsurance197,600 INR
Auditing Insurance ManagerInsurance568,500 INR
BrokerInsurance384,500 INR
Claim Advocacy ProfessionalInsurance384,500 INR
Claims AdjusterInsurance143,200 INR
Claims AnalystInsurance197,600 INR
Claims ExaminerInsurance197,600 INR
Claims ManagerInsurance539,700 INR
Claims ProcessorInsurance143,200 INR
Claims RepresentativeInsurance172,200 INR
Claims Resolution SpecialistInsurance414,000 INR
Claims SupervisorInsurance381,800 INR
Complaints SpecialistInsurance351,900 INR
Compliance ExaminerInsurance362,200 INR
Compliance OfficerInsurance309,800 INR
Compliance ReviewerInsurance357,300 INR
ConsultantInsurance381,800 INR
Eligibility InterviewerInsurance407,300 INR
Eligibility SpecialistInsurance384,500 INR
Insurance Account ManagerInsurance471,700 INR
Insurance Accounts ExecutiveInsurance414,000 INR
Insurance AdjusterInsurance357,300 INR
Insurance AgentInsurance227,600 INR
Insurance AnalystInsurance376,800 INR
Insurance AppraiserInsurance384,500 INR
Insurance Claims ClerkInsurance143,200 INR
Insurance ExaminerInsurance351,900 INR
Insurance InvestigatorInsurance362,200 INR
Insurance ManagerInsurance684,900 INR
Insurance Operations ManagerInsurance656,800 INR
Insurance Policy Processing ClerkInsurance143,200 INR
Insurance Pricing AssistantInsurance301,600 INR
Insurance Program ManagerInsurance502,200 INR
Insurance Project ManagerInsurance485,300 INR
Insurance Quality Assurance AgentInsurance330,900 INR
Insurance Sales AgentInsurance227,600 INR
Insurance Sales DirectorInsurance628,000 INR
Insurance Sales ManagerInsurance498,000 INR
Insurance Sales RepresentativeInsurance197,600 INR
Insurance Team LeaderInsurance403,100 INR
Insurance UnderwriterInsurance283,700 INR
Loss Control SpecialistInsurance369,300 INR
Loss Prevention InvestigatorInsurance397,900 INR
Loss Prevention ManagerInsurance558,300 INR
Loss Prevention SpecialistInsurance407,300 INR
Marine UnderwriterInsurance283,700 INR
Medical AuditorInsurance403,100 INR
Monitoring and Performance OfficerInsurance272,800 INR
Payment Services SpecialistInsurance384,500 INR
Policy Change DirectorInsurance597,800 INR
Policy Change SupervisorInsurance414,000 INR
Policy Change TechnicianInsurance185,100 INR
Risk AnalystInsurance428,400 INR
Risk Management DirectorInsurance743,300 INR
Risk Management SupervisorInsurance478,000 INR
Risk ManagerInsurance714,600 INR
Risk Modeling ManagerInsurance714,600 INR
Title Insurance TypistInsurance327,800 INR
Training ManagerInsurance420,800 INR

Salary Comparison by City

If you want to compare salaries with different cities in India, you can use the links below to explore the data for each specific city we have researched.

CityAverage Salary
Ahmadabad421,400 INR
Bangalore404,600 INR
Bhopal362,200 INR
Chennai399,900 INR
Coimbatore341,400 INR
Delhi414,000 INR
Ghaziabad369,900 INR
Hyderabad394,300 INR
Indore378,800 INR
Jaipur378,300 INR
Kolkata384,500 INR
Lucknow394,500 INR
Ludhiana341,900 INR
Madurai340,400 INR
Mumbai411,400 INR
Nagpur376,800 INR
Patna339,100 INR
Pimpri-Chinchwad384,200 INR
Pune404,600 INR
Surat394,800 INR
Vadodara327,800 INR
Visakhapatnam376,800 INR
agra335,800 INR

Salary Comparison by State

The table below includes links to the average salary for each state in India.

StateAverage Salary
Andaman & Nicobar Islands309,800 INR
Andhra Pradesh424,300 INR
Arunachal Pradesh341,900 INR
Assam378,800 INR
Bihar450,300 INR
Chandigarh325,600 INR
Chhatisgarh404,600 INR
Dadra & Nagar Haveli325,600 INR
Daman & Diu307,400 INR
Delhi388,100 INR
Goa340,400 INR
Gujarat398,300 INR
Haryana388,100 INR
Himachal Pradesh361,600 INR
Jammu & Kashmir390,000 INR
Jharkhand409,000 INR
Karnataka409,000 INR
Kerala415,900 INR
Lakshadweep311,700 INR
Madhya Pradesh415,900 INR
Maharashtra451,000 INR
Manipur353,600 INR
Meghalaya339,100 INR
Mizoram340,400 INR
Nagaland341,900 INR
Orissa424,900 INR
Pondicherry340,400 INR
Punjab378,800 INR
Rajasthan442,200 INR
Sikkim325,600 INR
Tamil Nadu406,300 INR
Tripura367,200 INR
Uttar Pradesh466,900 INR
Uttaranchal361,500 INR
West Bengal436,200 INR

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