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Last updated: April 27, 2024
Underwriter Life Insurance Salary
in Melbourne, Australia
This page is a promotion for ERI’s Assessor Series and is not intended for professional use.
Professionals should subscribe to ERI’s Assessor Series.
AUD 115,143
Average Salary
AUD 55/hr
Average Hourly
AUD 4,329
Average Bonus
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Last updated: April 27, 2024
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Salary Recap
The average pay for an Underwriter Life Insurance is AUD 115,143 a year and AUD 55 an hour in Melbourne, Australia. The average salary range for an Underwriter Life Insurance is between AUD 80,600 and AUD 139,898. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Melbourne, Australia.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
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Salary Potential
Salary Potential
Estimated salary in 2029:
AUD 133,662
5 Year Change:
16 %
Shift Differentials
Shift Differentials
Calculate Your Shift Differential
If your job has pay differentials, see how much more you could be earning with our shift differential calculator.
Based on the average salary in the United States, if your pay differential is 10%, your pay will increase by AUD 5.54/hour
*some jobs may not have shift differentials, please contact info.eri@erieri.com for additional information.
What Is Shift Differential Pay?
Shift differentials are used to adjust the compensation of an employee due to the time of day or the day of the week that the employee worked.
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This role may have pay shift differentials that could affect total compensation.
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About Melbourne, Australia
Melbourne Cost of Living Score:
Description:
Melbourne ( MEL-bərn; locally [ˈmælbən], Boonwurrung/Woiwurrung: Narrm or Naarm) is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a 9,993 km2 (3,858 sq mi) metropolitan area also known as Greater Melbourne, comprising an urban agglomeration of 31 local municipalities, although the name is also used specifically for the local municipality of City of Melbourne based around its central business area.
The metropolis occupies much of the northern and eastern coastlines of Port Phillip Bay and spreads...
Job Summary
Description:
- Examines individual applications for life insurance to evaluate degree of risk involved and accepts applications, following company's underwriting policies.
- Checks such documents as application form, inspection report, insurance maps, and medical reports to determine degree of risk from such factors as applicant's financial standing, age, occupation, accident experience, and value and condition of real property.
Underwriter Life Insurance Job Listings for
No listings found
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Salary Recap
The average pay for an Underwriter Life Insurance is AUD 115,143 a year and AUD 55 an hour in Melbourne, Australia. The average salary range for an Underwriter Life Insurance is between AUD 80,600 and AUD 139,898. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Melbourne, Australia.
ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Find actuarial salary survey data and benchmark salary and pay.
Powered by ERI's Database
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
About Melbourne, Australia
Melbourne Cost of Living Score:
Description:
Melbourne ( MEL-bərn; locally [ˈmælbən], Boonwurrung/Woiwurrung: Narrm or Naarm) is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a 9,993 km2 (3,858 sq mi) metropolitan area also known as Greater Melbourne, comprising an urban agglomeration of 31 local municipalities, although the name is also used specifically for the local municipality of City of Melbourne based around its central business area.
The metropolis occupies much of the northern and eastern coastlines of Port Phillip Bay and spreads...
Job Summary
Description:
- Examines individual applications for life insurance to evaluate degree of risk involved and accepts applications, following company's underwriting policies.
- Checks such documents as application form, inspection report, insurance maps, and medical reports to determine degree of risk from such factors as applicant's financial standing, age, occupation, accident experience, and value and condition of real property.
Underwriter Life Insurance Job Listings for
No listings found
Who We Are
ERI Economic Research Institute compiles the best salary, cost-of-living, and executive compensation survey data available.
View our ProductsTake the guess work out of setting pay
Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.
You May Also Like
White Papers
National Compensation Forecast April 2024
Review compensation trends and get guidance on expected total salary increases for the upcoming year with ERI's National Compensation Forecast.
Read More
Planning Compensation Incentives That Maximize Workforce Engagement
Improve employee engagement and performance by implementing compensation incentive plans into your strategy.
Read More
Planning Global Compensation Budgets for 2024 - March Updated
Learn about global compensation trends and salary increases for 2024, so you can make more informed salary planning decisions.
Read More