Average Insurance Examiner Salary in Vietnam for 2024

In this article, we will look at the average Insurance Examiner salary for 2024 in Vietnam 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 Vietnamese đồng. To keep things simple, we are using the VND currency code instead of the currency symbol ₫.

How Much Does an Insurance Examiner Make in Vietnam?

An Insurance Examiner working in Vietnam will typically earn around 189,600,800 VND per year, and this can range from the lowest average salary of about 89,160,700 VND to the highest average salary of 299,999,800 VND.

Average Annual Salary
189,600,800 VND
Average Monthly Salary
15,800,066 VND

Lowest Annual Salary
89,160,700 VND
Lowest Monthly Salary
7,430,058 VND

Highest Annual Salary
299,999,800 VND
Highest Monthly Salary
24,999,983 VND

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

Insurance Examiner 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 Insurance Examiner Salaries in Vietnam

So we've looked at the average salaries an Insurance Examiner will earn in Vietnam. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Insurance Examiner can earn between 89,160,700 VND and 299,999,800 VND on average in Vietnam. 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 Insurance Examiner in Vietnam is 200,401,500 VND. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 200,401,500 VND, and 50% of the population earn more than 200,401,500 VND.

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 Insurance Examiner salary in Vietnam, 25% of the population are earning less than 130,799,600 VND while 75% of the population earn more than 130,799,600 VND.

75% of the population earn less than 265,200,200 VND, and 25% of the population earn more than 265,200,200 VND.

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.

Insurance Examiner Salary by Experience Level in Vietnam

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 insurance examiner 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 Insurance Examiner in Vietnam that has less than two years of experience can expect to earn somewhere in the region of 102,840,200 VND.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Examiner salary would increase to 141,598,200 VND.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Examiner, the average salary would be 201,598,500 VND.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 246,000,200 VND.
  • 15 - 20 Years Experience. An Insurance Examiner with 15 to 20 years of experience can earn an average of 259,198,700 VND.
  • 20+ Years Experience. For an Insurance Examiner with more than 20 years, the expected average salary increases to 283,199,800 VND.

Average Salary by Experience Chart

0-2 Years
102,840,200 VND
2-5 Years +38%
141,598,200 VND
5-10 Years +42%
201,598,500 VND
10-15 Years +22%
246,000,200 VND
15-20 Years +6%
259,198,700 VND
20+ Years +9%
283,199,800 VND

Insurance Examiner Salary by Education Level in Vietnam

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 Insurance Examiner in Vietnam 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 Insurance Examiner in Vietnam with a certificate or diploma education can earn an average salary of 129,601,700 VND.

  • Bachelor's Degree. An Insurance Examiner in Vietnam with a bachelor's degree education can earn an average salary of 247,201,400 VND.

Average Salary by Education Chart

Certificate or Diploma
129,601,700 VND
Bachelor's Degree +91%
247,201,400 VND

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 Vietnam is around 86,100,000 to 258,000,000 VND 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.

Insurance Examiner 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 Vietnam, a male insurance examiner will earn an average of 200,401,500 VND, while a female insurance examiner will earn around 180,000,500 VND.

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

Average Salary by Gender Chart in Vietnam

Male
200,401,500 VND
Female -11%
180,000,500 VND

Insurance Examiner Average Pay Raise in Vietnam

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 Insurance Examiner in Vietnam is around 12% every 17 months.

The national average pay raise across all professions and industries in Vietnam is around 9% every 17 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 ÷ 17 ) × 12  = 8%

What this means is that an Insurance Examiner in Vietnam can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Vietnam for 2024

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

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

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Insurance Examiner Bonus and Incentive Rates in Vietnam

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 Insurance Examiner is a low bonus based job, with 32% of employees reporting at least one bonus in the last 12 months.

68% 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 0% to 4%.

Received Bonus
32%
No Bonus
68%

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 Vietnam earn approximately 9% more than private sector employees in the same role.

Public Sector
213,601,200 VND
Private Sector -9%
196,799,500 VND

Salaries for Jobs Similar to an Insurance Examiner

In the table below, we have salary information for jobs that are similar to an Insurance Examiner in Vietnam.

Job Title Category Salary
Actuarial Analyst Insurance 293,999,200 VND
Actuarial Assistant Insurance 194,398,100 VND
Actuarial Specialist Insurance 203,999,800 VND
Actuary Insurance 289,201,100 VND
Adjustment Insurance Clerk Insurance 78,719,700 VND
Assistant Broker Insurance 128,400,500 VND
Assistant Claims Manager Insurance 231,599,000 VND
Associate Insurance Representative Insurance 108,478,500 VND
Auditing Insurance Manager Insurance 326,398,700 VND
Broker Insurance 212,398,500 VND
Claim Advocacy Professional Insurance 215,998,500 VND
Claims Adjuster Insurance 76,560,700 VND
Claims Analyst Insurance 111,119,100 VND
Claims Examiner Insurance 104,159,300 VND
Claims Manager Insurance 292,800,300 VND
Claims Processor Insurance 80,040,700 VND
Claims Representative Insurance 90,721,000 VND
Claims Resolution Specialist Insurance 217,198,400 VND
Claims Supervisor Insurance 200,401,500 VND
Complaints Specialist Insurance 193,201,900 VND
Compliance Examiner Insurance 201,598,500 VND
Compliance Officer Insurance 171,598,600 VND
Compliance Reviewer Insurance 187,198,300 VND
Consultant Insurance 212,398,500 VND
Eligibility Interviewer Insurance 213,601,200 VND
Eligibility Specialist Insurance 209,999,300 VND
Insurance Account Manager Insurance 246,000,200 VND
Insurance Accounts Executive Insurance 221,999,600 VND
Insurance Adjuster Insurance 193,201,900 VND
Insurance Agent Insurance 128,400,500 VND
Insurance Analyst Insurance 212,398,500 VND
Insurance Appraiser Insurance 213,601,200 VND
Insurance Claims Clerk Insurance 74,039,800 VND
Insurance Investigator Insurance 201,598,500 VND
Insurance Manager Insurance 355,199,300 VND
Insurance Operations Manager Insurance 353,999,500 VND
Insurance Policy Processing Clerk Insurance 74,639,200 VND
Insurance Pricing Assistant Insurance 162,000,100 VND
Insurance Program Manager Insurance 273,600,800 VND
Insurance Project Manager Insurance 271,201,600 VND
Insurance Quality Assurance Agent Insurance 178,800,800 VND
Insurance Sales Agent Insurance 123,599,800 VND
Insurance Sales Director Insurance 337,201,000 VND
Insurance Sales Manager Insurance 271,201,600 VND
Insurance Sales Representative Insurance 112,440,200 VND
Insurance Team Leader Insurance 224,398,200 VND
Insurance Underwriter Insurance 159,601,400 VND
Loss Control Specialist Insurance 197,998,100 VND
Loss Prevention Investigator Insurance 220,800,400 VND
Loss Prevention Manager Insurance 290,400,900 VND
Loss Prevention Specialist Insurance 220,800,400 VND
Marine Underwriter Insurance 149,999,200 VND
Medical Auditor Insurance 209,999,300 VND
Monitoring and Performance Officer Insurance 140,401,100 VND
Payment Services Specialist Insurance 213,601,200 VND
Policy Change Director Insurance 318,000,500 VND
Policy Change Supervisor Insurance 227,999,700 VND
Policy Change Technician Insurance 105,600,200 VND
Risk Analyst Insurance 237,598,200 VND
Risk Management Director Insurance 385,198,500 VND
Risk Management Supervisor Insurance 257,999,600 VND
Risk Manager Insurance 398,398,500 VND
Risk Modeling Manager Insurance 373,199,400 VND
Title Insurance Typist Insurance 183,600,500 VND
Training Manager Insurance 224,398,200 VND

Salary Comparison by City

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

City Average Salary
Da Nang 191,999,600 VND
Ha Noi 205,201,300 VND
Hai Phong 169,198,600 VND
Thanh Pho Ho Chi Minh 203,999,800 VND

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