Actuary Salary in India in 2025 – Skill and Experience Required
By Rohan Vats
Updated on Apr 16, 2025 | 10 min read | 911.6k views
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By Rohan Vats
Updated on Apr 16, 2025 | 10 min read | 911.6k views
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Wondering what an actuary earns in India in 2025? Whether you're just starting out or have a few years of experience under your belt, the actuary profession continues to offer some of the most rewarding career paths in finance and risk management. On average, a fresh actuary in India can expect a salary ranging from ₹4 to ₹7 LPA, while experienced professionals command well over ₹15 to ₹25 LPA, depending on skills, certifications, and location.
In this article, we’ll walk you through the complete salary breakdown for actuaries in India—covering pay for freshers and experienced professionals, city-wise salary insights, and the future scope of actuarial science in 2025. We’ll also touch on the essential skills required to thrive in this field and end with a quick wrap-up to help you decide if actuarial science is the right path for you.
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A career in actuarial science is not only intellectually stimulating but also financially rewarding, especially for freshers entering the field. The actuary salary for newly qualified professionals in India reflects the high demand for their analytical and risk management skills. Freshers can expect competitive pay packages as they begin their journey in industries like insurance, banking, consulting, and technology.
Freshers in actuarial science typically earn between ₹4,00,000 to ₹28,00,000 per annum, depending on the organization, location, and their level of expertise. With additional certifications and relevant internships, candidates can command higher salaries within this range.
Freshers in actuarial roles are often responsible for assisting in key financial and risk management strategies and tasks, such as:
Job Profile |
Average Salary (₹) |
Junior Actuarial Analyst | ₹7L/yr |
Risk Analyst | ₹7L/yr |
Insurance Pricing Analyst | ₹7L/yr |
Pension Actuary Assistant | ₹3L/yr |
Investment Analyst | ₹11.0L/yr |
The actuarial science salary for freshers reflects the technical expertise required and the value they bring to organizations. This compensation often increases rapidly with certifications and experience, making actuarial science a promising career path for ambitious professionals.
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The actuarial profession in India is evolving rapidly, offering lucrative opportunities for experienced professionals. The actuary salary for qualified individuals with years of expertise reflects the high demand for their skills in financial risk management, data analysis, and strategic decision-making.
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Experienced actuaries in India can expect an annual salary ranging between ₹15,00,000 and ₹35,00,000, depending on factors such as industry, job role, and location. Senior-level positions in multinational corporations or consulting firms often provide salaries exceeding this range, along with additional benefits.
Experienced actuaries are responsible for more complex tasks, including:
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Job Profile |
Average Salary (₹) |
Senior Actuarial Analyst | ₹11.0L/yr |
Actuarial Manager | ₹16.5L/yr |
Consulting Actuary | ₹14.0L/yr |
Chief Risk Officer | ₹36.0L/yr |
The actuarial science salary reflects the critical role these professionals play. Companies need actuaries to predict uncertainties and optimize strategies.
Here’s how different industries are contributing to this demand:
Industry |
Why They Need Actuaries |
Insurance | Calculating risks for life, health, and property insurance policies. |
Banking | Forecasting credit risks and ensuring regulatory compliance. |
Technology Firms | Building predictive models for customer behavior and pricing strategies. |
Investment Firms | Optimizing portfolios and designing innovative financial products. |
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Geography plays a significant role in determining the actuary salary in India. Major metropolitan cities, with their strong industry presence and economic growth, offer varying compensation packages to actuaries based on demand and specialization. This section provides a snapshot of actuarial science salary trends in top cities like Mumbai, Delhi, Bengaluru, Pune, Chennai, and Hyderabad.
Lets have a quick look at the average actuary salary in India across major cities.
City |
Average Actuary Salary (₹) |
Key Industries Driving Salaries |
Mumbai | ₹4L - ₹16.6L/yr | Insurance, Banking, and Financial Services |
Delhi | ₹3L - ₹20.0L/yr | Consulting Firms, Insurance, and Investment Firms |
Bengaluru | ₹9L - ₹54.0L/yr | Technology, Data Analytics, and Insurance |
Pune | ₹5L - ₹10L/yr | IT Services, Insurance, and Actuarial Consulting |
Chennai | ₹14.4L - ₹15.6L/yr | Insurance, Pension Funds, and Corporate Finance |
Hyderabad | ₹4L - ₹10L/yr | Technology, Risk Management, and Consulting Services |
The actuarial science salary across these cities underscores the profession’s adaptability to industry needs and geographical dynamics. Actuaries in metropolitan areas benefit from exposure to diverse industries, enhancing both earning potential and career growth.
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The role of actuaries is evolving rapidly in India, with industries expanding and new challenges emerging. As we look toward 2025, the demand for skilled actuaries is set to rise across various domains. With a competitive actuary salary and growing opportunities, actuarial science is poised to remain a sought-after profession.
Key Areas Driving the Future Scope
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The demand for actuaries in India is growing rapidly across diverse industries, driven by the increasing need for financial risk assessment and management.
Below is a table highlighting top companies hiring actuaries, along with available job roles and their industry focus.
Company |
Job Roles Available |
Key Industry Focus |
Swiss Re | Actuarial Analyst, Risk Consultant | Insurance, Reinsurance, Climate Risk Management |
Capgemini | Actuarial Consultant, Data Scientist | Enterprise Solutions, Technology Transformation |
Infosys | Actuarial Specialist, Data Analytics Expert | IT Services, Risk Modeling, Business Consulting |
Accenture | Actuarial Manager, Financial Analyst | Business Consulting, Digital Transformation |
Deloitte | Actuarial Consultant, Risk Advisory Specialist | Audit, Tax Consulting, Financial Services |
HCLTech | Actuarial Analyst, Risk Manager | IT Services, Technology-Driven Solutions |
EY | Actuarial Associate, Pension Analyst | Assurance, Tax Advisory, Financial Planning |
Oracle | Actuarial Data Modeler, Risk Specialist | Enterprise Software, Financial Technology |
DXC Technology | Actuarial Consultant, Data Scientist | IT Services, Business Process Optimization |
Mercer | Actuarial Advisor, Health Insurance Specialist | Insurance, Retirement Solutions, Risk Management |
These companies offer competitive opportunities, reflecting the growth in actuary salary and career prospects in India.
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Becoming an actuary requires a combination of analytical, technical, and business skills.
Here are the key skills necessary:
These skills are critical for actuaries to succeed in their roles, justifying the high actuary salary offered across industries. With these capabilities, actuaries remain indispensable in today’s risk-driven business environment.
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The actuarial profession in India is experiencing rapid growth, with companies like Swiss Re, Capgemini, and Infosys offering lucrative roles and competitive actuary salaries. Actuaries are essential across industries, leveraging their analytical expertise to manage risks and drive strategic financial decisions. With advancements in data analytics, AI, and climate risk management, the demand for skilled actuaries continues to soar.
For aspiring professionals, this is the perfect time to build a rewarding career in actuarial science. Whether it’s in insurance, technology, or consulting, the future holds immense growth opportunities.
As Benjamin Franklin aptly said, “An investment in knowledge always pays the best interest.”
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Reference Links:
https://www.glassdoor.co.in/Salaries/actuary-salary-SRCH_KO0,7.htm
https://www.glassdoor.co.in/Salaries/junior-actuarial-analyst-salary-SRCH_KO0,24.htm
https://www.glassdoor.co.in/Salaries/risk-analyst-salary-SRCH_KO0,12.htm
https://www.glassdoor.co.in/Salaries/pricing-analyst-salary-SRCH_KO0,15.htm
https://www.glassdoor.co.in/Salaries/assistant-actuary-salary-SRCH_KO0,17.htm
https://www.glassdoor.co.in/Salaries/investment-analyst-salary-SRCH_KO0,18.htm
https://www.glassdoor.co.in/Salaries/senior-actuarial-analyst-salary-SRCH_KO0,24.htm
https://www.glassdoor.co.in/Salaries/actuarial-manager-salary-SRCH_KO0,17.htm
https://www.glassdoor.co.in/Salaries/actuarial-consultant-salary-SRCH_KO0,20.htm
https://www.glassdoor.co.in/Salaries/chief-risk-officer-salary-SRCH_KO0,18.htm
https://www.glassdoor.co.in/Salaries/new-delhi-actuary-salary-SRCH_IL.0,9_IM1083_KO10,17.htm
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https://www.glassdoor.co.in/Salaries/pune-actuarial-analyst-salary-SRCH_IL.0,4_IM1072_KO5,22.htm
https://www.glassdoor.co.in/Salaries/chennai-actuary-salary-SRCH_IL.0,7_IM1067_KO8,15.htm
https://www.glassdoor.co.in/Salaries/hyderabad-actuarial-analyst-salary-SRCH_IL.0,9_IM1076_KO10,27.htm
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