Dec 24, 2023
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Insurance representatives who have 10 years of experience in their job, will earn between LKR55,353 and LKR136,596 per month. With 10 years of experience, people in this job will earn between LKR55,353 and LKR136,596 per month. This is made clear in research by Salary.lk, conducted in 2023.
Highest salary for insurance representatives with 20 years of experience: LKR65,201 to LKR159,795 per month
Based on our survey, people in this job with 20 years of work experience earn the highest salary: between LKR65,201 and LKR159,795 per month. 10 years of experience earns employees a monthly salary between LKR55,353 and LKR136,596.
Insurance representatives mostly male
Among the employees who share information on their wages and working conditions, most are male. 33% of employees have 1 child or more. The age group for workers in this occupation who answered the survey was mostly between 24 and 29 years of age.
Average working week of 42 hours
According to our survey, coverage by collective bargaining among employees is set at 2%. 98% are not covered by a collective agreement. Employees work 42 hours per week on average.
68% of insurance representatives fewer than 5 years of work experience
68% of people in this job have worked fewer than 5 years since their first job. In most cases, workers report that the majority of their coworkers are male. 35% of all participating people in this job work in a multinational organisation. People in this job who have a permanent contract for the work they are performing, add up to 72%. Workers mostly work in organisations consisting of 500 or more people. Workers who do not have a permanent contract for the work they are performing, added up to 28% of respondents.
The survey shows that 4% of the employees feel highly satisfied about their position. In general, most people in this job are satisfied with their position. This is the case for 40% of the people in this job.
Wage dissatisfaction high among insurance representatives
Of all surveyed people in this job, 27% feel in between satisfied and dissatisfied about their salary. 28% of the people in this job reports to be dissatisfied with their wage.
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