The purpose of the study is to identify the difference in the perceptions of insurance employees according to their demographic profile such as age, income, length of service and hierarchical level. Structured schedules were used to gather data from 374 employees working in 19 companies of life insurance sector of Jalandhar city of Punjab (India) based on census method. The effect of demographic factors, viz., age, income, length of service and hierarchical level on various dimensions of occupational stressors and health effects of stress was examined through ANOVA. Out of 374 insurance employees of all grades included in this study, 300 were male and 53% were below the age of 29 years. The respondents belonging to the age group of above 29 years experienced more stress than other age groups and the respondents who earned monthly income above 50,000 experienced more stress compared to others. Further, the respondents with more than 5 years length of service and higher hierarchical level predicted high level of stress as compared to other groups. The study also highlights the practical implications based on the results.