It is intended to allow a wide range including a low region (fine finishing) to a middle region (medium cutting) to be covered with a single insert. A cutting insert includes an upper surface, a lower surface, a peripheral side surface, a cutting edge including a main cutting edge and a corner cutting edge, a corner portion, a projecting portion formed to extend from the corner portion toward a central axis and including a first projection and a second projection, a rake portion, and an inclined portion provided at the cutting edge. The inclined portion has a first inclined portion beginning at an intermediate point in the corner cutting edge, while the rake portion has a shape in which an angular degree of a rake angle gradually increases with distance from the corner portion.