Average Claims Adjuster Salary in India for 2024

In this article, we will look at the average Claims Adjuster salary for 2024 in India 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 โ‚น.

How Much Does a Claims Adjuster Make in India?

A Claims Adjuster working in India will typically earn around 143,200 INR per year, and this can range from the lowest average salary of about 73,760 INR to the highest average salary of 217,900 INR.

Average Annual Salary
143,200 INR
Average Monthly Salary
11,933 INR

Lowest Annual Salary
73,760 INR
Lowest Monthly Salary
6,146 INR

Highest Annual Salary
217,900 INR
Highest Monthly Salary
18,158 INR

These are average salaries for a Claims Adjuster in India and include benefits such as housing and transport. It's also possible for a Claims Adjuster to earn more or less than the average salaries shown above.

Claims Adjuster 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 Claims Adjuster Salaries in India

So we've looked at the average salaries a Claims Adjuster will earn in India. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Claims Adjuster can earn between 73,760 INR and 217,900 INR on average in India. 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 a Claims Adjuster in India is 137,400 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 137,400 INR, and 50% of the population earn more than 137,400 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 Claims Adjuster salary in India, 25% of the population are earning less than 96,220 INR while 75% of the population earn more than 96,220 INR.

75% of the population earn less than 172,200 INR, and 25% of the population earn more than 172,200 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.

Claims Adjuster Salary by Experience Level in India

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 claims adjuster 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. A Claims Adjuster in India that has less than two years of experience can expect to earn somewhere in the region of 85,940 INR.
  • 2 - 5 Years Experience. With two to five years of experience the average Claims Adjuster salary would increase to 113,220 INR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Claims Adjuster, the average salary would be 148,300 INR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 175,900 INR.
  • 15 - 20 Years Experience. A Claims Adjuster with 15 to 20 years of experience can earn an average of 194,600 INR.
  • 20+ Years Experience. For a Claims Adjuster with more than 20 years, the expected average salary increases to 205,700 INR.

Average Salary by Experience Chart

0-2 Years
85,940 INR
2-5 Years +34%
113,220 INR
5-10 Years +30%
148,300 INR
10-15 Years +21%
175,900 INR
15-20 Years +9%
194,600 INR
20+ Years +5%
205,700 INR

Claims Adjuster Salary by Education Level in India

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 a Claims Adjuster in India 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. A Claims Adjuster in India with a certificate or diploma education can earn an average salary of 99,460 INR.

  • Bachelor's Degree. A Claims Adjuster in India with a bachelor's degree education can earn an average salary of 152,000 INR.

  • Master's Degree. A Claims Adjuster in India with a master's degree education can earn an average salary of 214,000 INR.

Average Salary by Education Chart

Certificate or Diploma
99,460 INR
Bachelor's Degree +52%
152,000 INR
Master's Degree +42%
214,000 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.

Claims Adjuster 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 India, a male claims adjuster will earn an average of 152,000 INR, while a female claims adjuster will earn around 137,400 INR.

This means that a male claims adjuster earns approximately 11% more than a female claims adjuster for performing the same job.

Average Salary by Gender Chart in India

Male
152,000 INR
Female -11%
137,400 INR

Claims Adjuster Average Pay Raise in India

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 a Claims Adjuster in India is around 11% every 15 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 = ( 11 ÷ 15 ) × 12  = 9%

What this means is that a Claims Adjuster in India can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in India for 2024

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%

Claims Adjuster Bonus and Incentive Rates in India

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.

A Claims Adjuster is a low bonus based job, with 27% of employees reporting at least one bonus in the last 12 months.

73% 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 1% to 3%.

Received Bonus
27%
No Bonus
73%

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 a Claims Adjuster

In the table below, we have salary information for jobs that are similar to a Claims Adjuster in India.

Job Title Category Salary
Actuarial Analyst Insurance 514,300 INR
Actuarial Assistant Insurance 362,200 INR
Actuarial Specialist Insurance 366,200 INR
Actuary Insurance 514,300 INR
Adjustment Insurance Clerk Insurance 143,200 INR
Assistant Broker Insurance 240,500 INR
Assistant Claims Manager Insurance 414,000 INR
Associate Insurance Representative Insurance 197,600 INR
Auditing Insurance Manager Insurance 568,500 INR
Broker Insurance 384,500 INR
Claim Advocacy Professional Insurance 384,500 INR
Claims Analyst Insurance 197,600 INR
Claims Examiner Insurance 197,600 INR
Claims Manager Insurance 539,700 INR
Claims Processor Insurance 143,200 INR
Claims Representative Insurance 172,200 INR
Claims Resolution Specialist Insurance 414,000 INR
Claims Supervisor Insurance 381,800 INR
Complaints Specialist Insurance 351,900 INR
Compliance Examiner Insurance 362,200 INR
Compliance Officer Insurance 309,800 INR
Compliance Reviewer Insurance 357,300 INR
Consultant Insurance 381,800 INR
Eligibility Interviewer Insurance 407,300 INR
Eligibility Specialist Insurance 384,500 INR
Insurance Account Manager Insurance 471,700 INR
Insurance Accounts Executive Insurance 414,000 INR
Insurance Adjuster Insurance 357,300 INR
Insurance Agent Insurance 227,600 INR
Insurance Analyst Insurance 376,800 INR
Insurance Appraiser Insurance 384,500 INR
Insurance Claims Clerk Insurance 143,200 INR
Insurance Examiner Insurance 351,900 INR
Insurance Investigator Insurance 362,200 INR
Insurance Manager Insurance 684,900 INR
Insurance Operations Manager Insurance 656,800 INR
Insurance Policy Processing Clerk Insurance 143,200 INR
Insurance Pricing Assistant Insurance 301,600 INR
Insurance Program Manager Insurance 502,200 INR
Insurance Project Manager Insurance 485,300 INR
Insurance Quality Assurance Agent Insurance 330,900 INR
Insurance Sales Agent Insurance 227,600 INR
Insurance Sales Director Insurance 628,000 INR
Insurance Sales Manager Insurance 498,000 INR
Insurance Sales Representative Insurance 197,600 INR
Insurance Team Leader Insurance 403,100 INR
Insurance Underwriter Insurance 283,700 INR
Loss Control Specialist Insurance 369,300 INR
Loss Prevention Investigator Insurance 397,900 INR
Loss Prevention Manager Insurance 558,300 INR
Loss Prevention Specialist Insurance 407,300 INR
Marine Underwriter Insurance 283,700 INR
Medical Auditor Insurance 403,100 INR
Monitoring and Performance Officer Insurance 272,800 INR
Payment Services Specialist Insurance 384,500 INR
Policy Change Director Insurance 597,800 INR
Policy Change Supervisor Insurance 414,000 INR
Policy Change Technician Insurance 185,100 INR
Risk Analyst Insurance 428,400 INR
Risk Management Director Insurance 743,300 INR
Risk Management Supervisor Insurance 478,000 INR
Risk Manager Insurance 714,600 INR
Risk Modeling Manager Insurance 714,600 INR
Title Insurance Typist Insurance 327,800 INR
Training Manager Insurance 420,800 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.

City Average Salary
agra 127,700 INR
Ahmadabad 154,700 INR
Bangalore 158,700 INR
Bhopal 152,100 INR
Chennai 154,700 INR
Coimbatore 148,300 INR
Delhi 172,200 INR
Ghaziabad 138,200 INR
Hyderabad 154,700 INR
Indore 142,300 INR
Jaipur 148,300 INR
Kanpur 152,300 INR
Kolkata 159,100 INR
Lucknow 151,800 INR
Ludhiana 136,200 INR
Madurai 130,400 INR
Mumbai 172,200 INR
Nagpur 138,800 INR
Patna 129,000 INR
Pimpri-Chinchwad 143,200 INR
Pune 152,100 INR
Surat 159,400 INR
Vadodara 134,600 INR
Visakhapatnam 148,300 INR

Salary Comparison by State

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

City Average Salary
Andaman & Nicobar Islands 129,000 INR
Andhra Pradesh 159,400 INR
Arunachal Pradesh 128,500 INR
Assam 158,700 INR
Bihar 169,000 INR
Chandigarh 136,100 INR
Chhatisgarh 152,000 INR
Dadra & Nagar Haveli 123,400 INR
Daman & Diu 125,700 INR
Delhi 148,300 INR
Goa 125,700 INR
Gujarat 163,800 INR
Haryana 146,200 INR
Himachal Pradesh 150,000 INR
Jammu & Kashmir 146,200 INR
Jharkhand 152,000 INR
Karnataka 167,100 INR
Kerala 152,300 INR
Lakshadweep 116,540 INR
Madhya Pradesh 172,200 INR
Maharashtra 168,100 INR
Manipur 142,300 INR
Meghalaya 139,100 INR
Mizoram 124,400 INR
Nagaland 138,200 INR
Orissa 157,600 INR
Pondicherry 139,100 INR
Punjab 154,700 INR
Rajasthan 161,300 INR
Sikkim 130,400 INR
Tamil Nadu 163,800 INR
Tripura 136,100 INR
Uttar Pradesh 172,200 INR
Uttaranchal 148,300 INR
West Bengal 176,800 INR

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