The actor was honoured for his contribution to the Indian film industry as an actor, producer, television personality, singer and philanthropist.
Presenting the award, Keith Vaz, the longest serving Indian-origin MP in Parliament, said, "Salman Khan is a role model and a hero to millions of people worldwide.
"Besides his Indian cinema success, Salman is a well- known philanthropist and his NGO 'Being Human' has done life changing work supporting the underprivileged in India. It is a tremendous honour to present him with the award. I am proud that young Asians worldwide have role models like Salman Khan."
Calling the award a tremendous honour, Salman said, "My father would never have believed that I would make it here. I would like to thank the fans for the respect that they have shown me.
"Although I have received many film awards, this is the first I have received personally so I am incredibly humbled.
Previous recipients of the award include Bollywood megastar Amitabh Bachchan, actor Aishwarya Rai, Chinese action icon Jackie Chan, Bangladesh Prime Minister Sheikh Hasina, American Civil Rights leader Jesse Jackson and Formula One driver Lewis Hamilton.
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