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Salary data for country: Sri Lanka
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Insurance

Salary for position Insurance administrator in Sri Lanka

Gross salary in Sri Lanka is
An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:
553K - 1.3M LKR
10% earn less lthan 553K LKR
10% earns more than 1.3M LKR
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Salaries in the survey are expressed in gross.

Based on the Paylab.com salary survey, 80% of people on the Insurance administrator position in the Sri Lanka earn between 553,428 LKR and 1,310,676 LKR annually gross.

10% of employees earn less than 553,428 LKR and 10% of people earn more than 1,310,676 LKR.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.
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What kind of work does Insurance administrator typically do

  • Checking the accuracy and completeness of contracts and their amendments, their processing in the information system and intervening in incorrect contracts.
  • Processing the technical and nontechnical changes in contracts.
  • Supplementing insurance premiums, and entering premium accountings into the information system.
  • Identifying and pairing the received payments with the premium regulations.
  • Sending reminders and calls regarding the monthly accounting and outstanding premium payments to clients.
  • Processing unused insurance premium and premium overpayments (calculation and payment to clients).
  • Cancelling, terminating and extending insurance contracts.
  • Preparing documents for bookkeeping.
  • Keeping a register of contracts in accordance with the applicable registration regulations of the company.
  • Communicating with clients and distribution networks regarding the management of insurance policies.

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The most common career path of an employee

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Position Insurance administrator in the labour market

In the salary ranking,
the job position takes

420. place

Women representation in position

n/a

Average age of respondent by position

n/a

703. place

HR Assistant

Human Resources

Salary group 1

259,884 - 597,528 LKR

421. place

Production Supervisor

Management

Salary group 2

371,496 - 1,561,944 LKR

420. place

Insurance administrator

Insurance

Salary group 2

553,428 - 1,310,676 LKR

419. place

Electronics Electrician

Electrical & Power Engineering

Salary group 2

610,656 - 1,240,800 LKR

1. place

DevOps Engineer

Information Technology

Salary group 3

1,593,936 - 9,595,176 LKR

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Frequently asked Questions

Frequently asked questions and answers about the salary for the position Insurance administrator.

The total gross salary for the position Insurance administrator ranges between 40,655 LKR and 172,637 LKR per month. For an accurate comparison, we recommend checking your salary through the questionnaire on Paylab.com to get a more precise view of the salary, considering the region where you work.

The highest-earning employees in the position Insurance administrator have a total gross salary of at least 109,223 LKR per month.

10% of the highest-earning employees in this position have a total gross salary higher than 109,223 LKR per month, and 10% of the lowest-earning employees in this position have a total gross salary lower than 46,119 LKR per month. By participating in our salary survey, you will get an accurate comparison of your salary with the market average, considering the region where you work.

After working for 5 years, the position Insurance administrator earns 77,196 LKR per month gross.

You need to be well prepared for salary negotiations. During salary negotiation, we recommend focusing on the following aspects:
  • find out the current market value of the position – on Paylab.com you can check it for free and anonymously
  • highlight your experience and achievements – it is good to time the salary discussion well
  • expanded responsibilities – if you work beyond your role and assigned duties
  • prepare alternatives – if a salary increase is not possible, there are other options (bonuses, extra vacation, etc.)

The salary data comes from a pay survey where everyone can anonymously compare their salary with other employees working in the same position. We clean and process this data according to our methodology. For the position Insurance administrator, we currently have less than 20 verified respondents collected.