Actuarial Field is relatively unheard in India and that is one of the reason that , Actuarial Jobs in india is not paid as much as in other countries. However , things are improving very fast. I am not able to say about Life Insurance market , but in General insurance general Pay structure is something like :--
Students having passed 4 papers and fresher --- 3 to 5 lakhs per annum
Students having passed 7 papers and 2 years of exp --- 8 to 10 lakhs.
Associate and having 3 years of exp -- 15 to 20 lakhs
Fellow with more than 5 years of exp -- 40 lakhs..
These figures will give you some idea about the status of actuaries in General insurance, things are changing fast, and thus these figs. may change dramatically over short period of time.
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