Average Insurance Sales Director Salary in Mauritius for 2024

In this article, we will look at the average Insurance Sales Director salary for 2024 in Mauritius 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 Mauritian rupee. To keep things simple, we are using the MUR currency code instead of the currency symbol โ‚จ.

How Much Does an Insurance Sales Director Make in Mauritius?

An Insurance Sales Director working in Mauritius will typically earn around 964,000 MUR per year, and this can range from the lowest average salary of about 510,200 MUR to the highest average salary of 1,464,200 MUR.

Average Annual Salary
964,000 MUR
Average Monthly Salary
80,333 MUR

Lowest Annual Salary
510,200 MUR
Lowest Monthly Salary
42,516 MUR

Highest Annual Salary
1,464,200 MUR
Highest Monthly Salary
122,016 MUR

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

Insurance Sales Director 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 Sales Director Salaries in Mauritius

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

Salary ranges

We already know that an Insurance Sales Director can earn between 510,200 MUR and 1,464,200 MUR on average in Mauritius. 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 Sales Director in Mauritius is 906,000 MUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 906,000 MUR, and 50% of the population earn more than 906,000 MUR.

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 Sales Director salary in Mauritius, 25% of the population are earning less than 639,100 MUR while 75% of the population earn more than 639,100 MUR.

75% of the population earn less than 1,113,100 MUR, and 25% of the population earn more than 1,113,100 MUR.

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 Sales Director Salary by Experience Level in Mauritius

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 sales director 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 Sales Director in Mauritius that has less than two years of experience can expect to earn somewhere in the region of 587,800 MUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Director salary would increase to 721,600 MUR.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Director, the average salary would be 1,023,000 MUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,195,600 MUR.
  • 15 - 20 Years Experience. An Insurance Sales Director with 15 to 20 years of experience can earn an average of 1,306,100 MUR.
  • 20+ Years Experience. For an Insurance Sales Director with more than 20 years, the expected average salary increases to 1,391,600 MUR.

Average Salary by Experience Chart

0-2 Years
587,800 MUR
2-5 Years +23%
721,600 MUR
5-10 Years +42%
1,023,000 MUR
10-15 Years +17%
1,195,600 MUR
15-20 Years +10%
1,306,100 MUR
20+ Years +6%
1,391,600 MUR

Insurance Sales Director Salary by Education Level in Mauritius

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 Sales Director in Mauritius based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Insurance Sales Director in Mauritius with a bachelor's degree education can earn an average salary of 663,100 MUR.

  • Master's Degree. An Insurance Sales Director in Mauritius with a master's degree education can earn an average salary of 1,283,600 MUR.

Average Salary by Education Chart

Bachelor's Degree
663,100 MUR
Master's Degree +93%
1,283,600 MUR

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 Mauritius is around 232,000 to 696,000 MUR 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 Sales Director 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 Mauritius, a male insurance sales director will earn an average of 999,500 MUR, while a female insurance sales director will earn around 919,700 MUR.

This means that a male insurance sales director earns approximately 9% more than a female insurance sales director for performing the same job.

Average Salary by Gender Chart in Mauritius

Male
999,500 MUR
Female -9%
919,700 MUR

Insurance Sales Director Average Pay Raise in Mauritius

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 Sales Director in Mauritius is around 8% every 31 months.

The national average pay raise across all professions and industries in Mauritius is around 4% every 29 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 = ( 8 ÷ 31 ) × 12  = 3%

What this means is that an Insurance Sales Director in Mauritius can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Mauritius for 2024

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

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 Sales Director Bonus and Incentive Rates in Mauritius

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 Sales Director is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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 6% to 8%.

Received Bonus
61%
No Bonus
39%

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 Mauritius earn approximately 18% more than private sector employees in the same role.

Public Sector
590,200 MUR
Private Sector -18%
502,200 MUR

Salaries for Jobs Similar to an Insurance Sales Director

In the table below, we have salary information for jobs that are similar to an Insurance Sales Director in Mauritius.

Job Title Category Salary
Actuarial Analyst Insurance 759,300 MUR
Actuarial Assistant Insurance 555,800 MUR
Actuarial Specialist Insurance 528,600 MUR
Actuary Insurance 744,600 MUR
Adjustment Insurance Clerk Insurance 205,700 MUR
Assistant Broker Insurance 345,100 MUR
Assistant Claims Manager Insurance 633,300 MUR
Associate Insurance Representative Insurance 294,300 MUR
Auditing Insurance Manager Insurance 846,500 MUR
Broker Insurance 578,500 MUR
Claim Advocacy Professional Insurance 576,500 MUR
Claims Adjuster Insurance 221,500 MUR
Claims Analyst Insurance 286,400 MUR
Claims Examiner Insurance 297,000 MUR
Claims Manager Insurance 761,400 MUR
Claims Processor Insurance 208,600 MUR
Claims Representative Insurance 251,500 MUR
Claims Resolution Specialist Insurance 580,600 MUR
Claims Supervisor Insurance 574,200 MUR
Complaints Specialist Insurance 524,400 MUR
Compliance Examiner Insurance 559,000 MUR
Compliance Officer Insurance 467,700 MUR
Compliance Reviewer Insurance 518,300 MUR
Consultant Insurance 587,800 MUR
Eligibility Interviewer Insurance 582,700 MUR
Eligibility Specialist Insurance 548,800 MUR
Insurance Account Manager Insurance 667,400 MUR
Insurance Accounts Executive Insurance 605,700 MUR
Insurance Adjuster Insurance 535,900 MUR
Insurance Agent Insurance 349,300 MUR
Insurance Analyst Insurance 553,400 MUR
Insurance Appraiser Insurance 545,300 MUR
Insurance Claims Clerk Insurance 209,700 MUR
Insurance Examiner Insurance 535,900 MUR
Insurance Investigator Insurance 519,300 MUR
Insurance Manager Insurance 955,800 MUR
Insurance Operations Manager Insurance 929,700 MUR
Insurance Policy Processing Clerk Insurance 210,500 MUR
Insurance Pricing Assistant Insurance 424,300 MUR
Insurance Program Manager Insurance 731,700 MUR
Insurance Project Manager Insurance 747,400 MUR
Insurance Quality Assurance Agent Insurance 464,900 MUR
Insurance Sales Agent Insurance 351,900 MUR
Insurance Sales Manager Insurance 713,900 MUR
Insurance Sales Representative Insurance 290,800 MUR
Insurance Team Leader Insurance 566,900 MUR
Insurance Underwriter Insurance 428,400 MUR
Loss Control Specialist Insurance 531,700 MUR
Loss Prevention Investigator Insurance 596,100 MUR
Loss Prevention Manager Insurance 781,200 MUR
Loss Prevention Specialist Insurance 592,600 MUR
Marine Underwriter Insurance 430,500 MUR
Medical Auditor Insurance 563,300 MUR
Monitoring and Performance Officer Insurance 389,200 MUR
Payment Services Specialist Insurance 575,100 MUR
Policy Change Director Insurance 917,700 MUR
Policy Change Supervisor Insurance 596,100 MUR
Policy Change Technician Insurance 275,500 MUR
Risk Analyst Insurance 623,200 MUR
Risk Management Director Insurance 1,120,700 MUR
Risk Management Supervisor Insurance 680,100 MUR
Risk Manager Insurance 1,048,600 MUR
Risk Modeling Manager Insurance 1,088,800 MUR
Title Insurance Typist Insurance 483,400 MUR
Training Manager Insurance 600,000 MUR

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