Policy Change Supervisor Average Salary in India 2024
How much money does a person working as Policy Change Supervisor make in India?
LOW
17,900
INR AVERAGE
34,400
INR HIGH
52,700
INR
A person working as Policy Change Supervisor in India typically earns around 34,400 INR. Salaries range from 17,900 INR (lowest) to 52,700 INR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Policy Change Supervisor salaries in India vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Policy Change Supervisor Pay Scale and Salaries in India
Salary Structure and Pay Scale Comparison
31,200 INR or more
27,800 to 31,200 INR
20,300 INR or less
20,300 to 27,800 INR
 17,900 INR |
31,300 INR |
52,700 INR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Policy Change Supervisor in India range from 17,900 INR (starting salary) to 52,700 INR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 31,300 INR, half of the professionals who work as Policy Change Supervisor in India earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Policy Change Supervisor in India earn less than 26,000 INR, while 75% earn more. Similarly, the chart shows that 75% earn less than 35,500 INR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Policy Change Supervisor in India compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 20,300 INR to 27,800 INR. About 20% of salaries are below the 20,300 INR mark, while 10% fall within the range of 27,800 INR to 31,200 INR. Only 5% of individuals have salaries exceeding 31,200 INR.
Salary Comparison by Years of Experience / Policy Change Supervisor / India
How do experience and age affect pay?
| 0 - 2 Years | 20,300 INR | |
| 2 - 5 Years | +34% | 27,300 INR |
| 5 - 10 Years | +30% | 35,500 INR |
| 10 - 15 Years | +21% | 43,000 INR |
| 15 - 20 Years | +9% | 47,000 INR |
| 20+ Years | +5% | 49,400 INR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Policy Change Supervisor and this is what we found.
Employees with less than two years of experience earn approximately 20,300 INR.
While someone with an experience level between two and five years is expected to earn 27,300 INR, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 35,500 INR, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 43,000 INR, 21% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 47,000 INR, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 49,400 INR, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Policy Change Supervisor / India
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Policy Change Supervisor.
| Bachelor's Degree | 28,700 INR | |
| Master's Degree | +39% | 39,800 INR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Policy Change Supervisor in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 28,700 INR.
Level 2: Master's Degree
At this level, the average salary becomes 39,800 INR, 39% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in India costs anywhere from 160,000 INR to 481,000 INR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Policy Change Supervisor / India
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Policy Change Supervisor in India, the average difference between the salary of male and female employees is 12%.
| Male | 36,800 INR | |
| Female | -10% | 32,900 INR |
Salary Comparison By Gender in India for all Careers
Average Annual Salary Increment Percentage / Policy Change Supervisor / India
How much are annual salary increments in India for individuals working as Policy Change Supervisor? How often do employees get salary raises?
Individuals working as Policy Change Supervisor in India are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
India / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Policy Change Supervisor / India
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/india/insurance/policy-change-supervisor/annual-salary-bonus-rate-india-policy-change-supervisor.jpg
47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
| Received Bonus | 53% | |
| No Bonus | 47% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Policy Change Supervisor / India
200 INR per hourThe average hourly wage (pay per hour) for individuals working as Policy Change Supervisor in India is 200 INR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Policy Change Supervisor in India is 100 INR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Insurance |  -100% | |
| Actuarial Analyst | 42,800 INR |  +24% |
| Actuarial Assistant | 30,100 INR | -13% |
| Actuarial Specialist | 30,500 INR | -11% |
| Actuary | 42,800 INR | +24% |
| Adjustment Insurance Clerk | 11,900 INR | -65% |
| Assistant Broker | 20,200 INR | -41% |
| Assistant Claims Manager | 34,400 INR | -0% |
| Associate Insurance Representative | 16,600 INR | -52% |
| Auditing Insurance Manager | 47,500 INR | +38% |
| Blockchain Insurance Auditor | 29,500 INR | -14% |
| Broker | 32,100 INR | -7% |
| Claim Advocacy Professional | 32,100 INR | -7% |
| Claims Adjuster | 11,900 INR | -65% |
| Claims Analyst | 16,600 INR | -52% |
| Claims Examiner | 16,600 INR | -52% |
| Claims Manager | 45,100 INR | +31% |
| Claims Processor | 11,900 INR | -65% |
| Claims Representative | 14,300 INR | -58% |
| Claims Resolution Specialist | 34,400 INR | -0% |
| Claims Supervisor | 31,700 INR | -8% |
| Complaints Specialist | 29,300 INR | -15% |
| Compliance Examiner | 30,100 INR | -13% |
| Compliance Officer | 25,700 INR | -25% |
| Compliance Reviewer | 29,700 INR | -14% |
| Consultant | 31,700 INR | -8% |
| Drone Claims Adjuster | 14,300 INR | -58% |
| Eligibility Interviewer | 34,000 INR | -1% |
| Eligibility Specialist | 32,100 INR | -7% |
| Insurance Account Manager | 39,200 INR | +14% |
| Insurance Accounts Executive | 34,400 INR | -0% |
| Insurance Adjuster | 29,700 INR | -14% |
| Insurance Agent | 19,000 INR | -45% |
| Insurance Analyst | 31,300 INR | -9% |
| Insurance Appraiser | 32,100 INR | -7% |
| Insurance Claims Clerk | 11,900 INR | -65% |
| Insurance Compliance Officer | 36,100 INR | +5% |
| Insurance Data Scientist | 29,500 INR | -14% |
| Insurance Examiner | 29,300 INR | -15% |
| Insurance Fraud Investigator | 26,600 INR | -23% |
| Insurance Investigator | 30,100 INR | -13% |
| Insurance Manager | 57,000 INR | +66% |
| Insurance Operations Manager | 54,600 INR | +59% |
| Insurance Policy Processing Clerk | 11,900 INR | -65% |
| Insurance Pricing Assistant | 25,200 INR | -27% |
| Insurance Product Manager | 37,500 INR | +9% |
| Insurance Program Manager | 41,800 INR | +21% |
| Insurance Project Manager | 40,400 INR | +17% |
| Insurance Quality Assurance Agent | 27,600 INR | -20% |
| Insurance Sales Agent | 19,000 INR | -45% |
| Insurance Sales Director | 52,300 INR | +52% |
| Insurance Sales Manager | 41,600 INR | +21% |
| Insurance Sales Representative | 16,600 INR | -52% |
| Insurance Team Leader | 33,600 INR | -2% |
| Insurance Underwriter | 23,800 INR | -31% |
| Insurtech Analyst | 29,500 INR | -14% |
| Loss Control Specialist | 30,900 INR | -10% |
| Loss Prevention Investigator | 33,300 INR | -3% |
| Loss Prevention Manager | 46,600 INR | +35% |
| Loss Prevention Specialist | 34,000 INR | -1% |
| Marine Underwriter | 23,800 INR | -31% |
| Medical Auditor | 33,600 INR | -2% |
| Monitoring and Performance Officer | 22,600 INR | -34% |
| Parametric Insurance Specialist | 31,800 INR | -8% |
| Payment Services Specialist | 32,100 INR | -7% |
| Peer-to-Peer Insurance Manager | 38,500 INR | +12% |
| Policy Change Director | 49,900 INR | +45% |
| Policy Change Supervisor | 34,400 INR | -0% |
| Policy Change Technician | 15,400 INR | -55% |
| Risk Analyst | 35,600 INR | +3% |
| Risk Management Director | 61,800 INR | +79% |
| Risk Management Supervisor | 39,900 INR | +16% |
| Risk Manager | 59,400 INR | +72% |
| Risk Modeling Manager | 59,400 INR | +72% |
| Social Media Risk Analyst | 33,300 INR | -3% |
| Title Insurance Typist | 27,300 INR | -21% |
| Training Manager | 35,200 INR | +2% |
| Underwriting Assistant | 16,200 INR | -53% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in India is 5% on average across all career fields.
| Private Sector | 31,100 INR | |
| Public Sector | +5% | 32,800 INR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Policy Change Supervisor in India?
A good and competitive compensation would range anywhere between 31,300 INR and 35,500 INR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Policy Change Supervisor in India ranges from 17,900 INR to 26,000 INR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
