Insurance Officer
Annual salary range
₹0.5 Lakh - ₹4 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byInsurance Officer Salary in Mumbai (Updated 2025)
based on 28
latest salaries
• updated:
15 Jan 2025
Select an experience to get the exact salary
Salary of majority employees
Insurance Officer Salary in Mumbai ranges between ₹0.5 Lakh to ₹4 Lakhs for less than 1 year of experience to 9 years of experience. Salary estimates are based on 28 latest salaries received from Insurance...
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Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
 | ||
PNB MetLife Insurance Officer Salary
1 year exp | | 24 job openings |
 Insurance Officer Salary
1 year exp | | |
 Insurance Officer Salary
1 year exp | | |
Is this list helpful? | ||
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
0 -
3
yrs
exp.
.
Mumbai
(3 salaries)
|
₹2 L/yr - ₹4 L/yr | |
2 -
12
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹4.9 L/yr - ₹6.2 L/yr | |
Login to view exact salary
| ||
6 -
7
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.5 L/yr - ₹3.2 L/yr | |
7 -
9
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.3 L/yr - ₹2.9 L/yr | |
1 -
2
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹1.6 L/yr - ₹2.1 L/yr | |
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.7 L/yr - ₹3.5 L/yr | |
3 -
4
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.7 L/yr - ₹3.5 L/yr | |
5 -
6
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.4 L/yr - ₹3.1 L/yr | |
Login to view exact salary
| ||
|
0 -
4
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.9 L/yr - ₹3.7 L/yr | |
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹0.5 L/yr - ₹0.6 L/yr | |
Latest annual salaries shared by Insurance Officers
2d ago
Mahatma Gandhi Medical College and Research Insti
Insurance Officer
4 years exp.
3d ago
IndusInd Bank
Insurance Officer
1 year exp.
1w ago
Future Focus Infotech
Insurance Officer
2 years exp.
1w ago
PNB MetLife
Insurance Officer
2 years exp.
1w ago
SMFG India Credit
Insurance Officer
6 years exp.
1w ago
Canara HSBC Life Insurance
Insurance Officer
2 years exp.
2w ago
Ahalia Medical Group
Insurance Officer
6 years exp.
3w ago
Cogent E Services
Insurance Officer
3 years exp.
3w ago
Sahrudaya Healthcare (Medicover Hospitals)
Insurance Officer
6 years exp.
3w ago
Krishna Institute of Medical Sciences
Insurance Officer
8 years exp.
View all latest salaries
Insurance Officer salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(4
salaries)
| ₹1.8 L/yr - ₹4 L/yr |
1
year
(4
salaries)
| ₹0.1 L/yr - ₹1.8 L/yr |
Login to view exact salary
| |
2
years
(6
salaries)
| ₹0.5 L/yr - ₹8 L/yr |
3
years
(5
salaries)
| ₹0.5 L/yr - ₹3 L/yr |
4
years
(2
salaries)
| ₹3 L/yr - ₹3.2 L/yr |
View all salaries by experience
Insurance Officer Jobs in Mumbai
Insurance Officer
· 1-5 years
TOPSEL TOYOTA
Kolkata
Insurance Officer
· 0-1 year
PNB MetLife India Insurance Co. Ltd
Solan
Insurance Officer
· 10-18 years
Premier Mills
Coimbatore
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Senior Officer Salary
2 -
11
years
exp.
(4.2k salaries)
| ₹2.3 L/yr - ₹8.4 L/yr |
Assistant Manager Salary
2 -
13
years
exp.
(70.2k salaries)
| ₹3 L/yr - ₹16.6 L/yr |
Login to view exact salary
| |
Back Office Staff Salary
0 -
9
years
exp.
(1.2k salaries)
| ₹0.2 L/yr - ₹3.5 L/yr |
Manager Salary
4 -
16
years
exp.
(48.8k salaries)
| ₹5 L/yr - ₹29.4 L/yr |
Senior Executive Salary
2 -
11
years
exp.
(25k salaries)
| ₹2.3 L/yr - ₹10 L/yr |
View more similar designations
Salary related reviews by similar designations like Insurance Officer
Star Union Dai-ichi Life Insurance
Deputy Manager in Navi Mumbai
• posted on 09 Dec 2024
Likes
Great Work life balance Low bureaucratic hierarchy Job Security Mobility across departments Incentives
- Job security - Good
+3 more
Dislikes
Canteen food Salary not as per industry standards
PNB MetLife
Insurance Officer in Udhampur
• posted on 26 May 2022
Likes
Pnb metlife is a great company and have a great environment and supportive management and also great incentive scale
- Salary - Excellent
+6 more
Dislikes
about Insurance officer salary.
Star Union Dai-ichi Life Insurance
Assistant Manager in Basirhy
• posted on 19 Nov 2022
Likes
.... in boi channel you can sustain your career for long time.job security is good.salary is decent.
read more- Job security - Good
+1 more
Dislikes
You will not get support from channel partner.you have to source own business as a agent.your supervisor gives you support but lot of complications in psu Bank for selling insurance. career growth very slow.incentive is good but criteria huge.
read moreStar Union Dai-ichi Life Insurance
Insurance Officer in Bhopal
• posted on 29 Oct 2022
Likes
...eam is good and supportive...It's really a good company to start your journey... salary will come on time ...
read more- Salary - Excellent
+6 more
Dislikes
Nothing like this...
Top skills for Insurance Officer
Insurance Officer Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Chennai
Insurance Officer
1 -
9
years
exp.
| ₹1 L/yr - ₹4.5 L/yr |
Pune
Insurance Officer
0 -
7
years
exp.
| ₹0.3 L/yr - ₹5.3 L/yr |
Login to view exact salary
| |
New Delhi
Insurance Officer
0 -
8
years
exp.
| ₹0.2 L/yr - ₹6 L/yr |
Bangalore / Bengaluru
Insurance Officer
1 -
8
years
exp.
| ₹1.2 L/yr - ₹5.4 L/yr |
Thiruvananthapuram
Insurance Officer
2 -
8
years
exp.
| ₹1.3 L/yr - ₹3.8 L/yr |
View More
Insurance Officer Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Insurance Officer
0 -
8
years
exp.
| ₹1.2 L/yr - ₹5 L/yr |
Insurance Insurance Officer
0 -
8
years
exp.
| ₹1.5 L/yr - ₹4.5 L/yr |
Login to view exact salary
| |
Automobile Insurance Officer
0 -
9
years
exp.
| ₹1 L/yr - ₹4.4 L/yr |
Banking Insurance Officer
0 -
7
years
exp.
| ₹1.5 L/yr - ₹4.6 L/yr |
Healthcare / Pharma Insurance Officer
0 -
9
years
exp.
| ₹0.6 L/yr - ₹9 L/yr |
View More
Frequently Asked Questions (FAQS) about Insurance Officer Salaries
What is the salary of a Insurance Officer in India?
The salary of a Insurance Officer in India varies based on experience, location, company & Industry.
On average, Insurance Officer salaries ranges from ₹0.5 Lakh to ₹4.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹0.5 Lakh to ₹4.0 Lakhs per year, with the highest salary reaching ₹1.8 Lakh to ₹4.7 Lakhs per year. Salary estimates are based on 28 salaries received from various Insurance Officers across industries.
The average starting salary is around ₹0.5 Lakh to ₹4.0 Lakhs per year, with the highest salary reaching ₹1.8 Lakh to ₹4.7 Lakhs per year. Salary estimates are based on 28 salaries received from various Insurance Officers across industries.
What are the top paying companies that employ Insurance Officers?
Insurance Officer Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| Cholamandalam MS General Insurance Insurance Officer Salary | ₹1.8 Lakhs to ₹4.7 Lakhs per year |
| PNB MetLife Insurance Officer Salary | ₹1.5 Lakhs to ₹3.6 Lakhs per year |
| Star Union Dai-ichi Life Insurance Insurance Officer Salary | ₹2 Lakhs to ₹3.3 Lakhs per year |
| IndusInd Bank Insurance Officer Salary | ₹2 Lakhs to ₹2.9 Lakhs per year |
What are the top paying cities for Insurance Officer in India?
The annual salary for Insurance Officer in India varies by location. Top paying cities for Insurance Officer are
Salary expectations for Insurance Officer may vary based on job roles, experience, and specific employer requirements.
| Insurance Officer Salary in Chennai | ₹1.0 Lakhs to ₹4.5 Lakhs per year |
| Insurance Officer Salary in Pune | ₹0.3 Lakhs to ₹5.3 Lakhs per year |
| Insurance Officer Salary in New Delhi | ₹0.2 Lakhs to ₹6.0 Lakhs per year |
| Insurance Officer Salary in Bangalore / Bengaluru | ₹1.2 Lakhs to ₹5.4 Lakhs per year |
| Insurance Officer Salary in Thiruvananthapuram | ₹1.3 Lakhs to ₹3.8 Lakhs per year |
What are the top paying industries for Insurance Officer in India?
Top 5 paying Industries for Insurance Officer in India are:
| Insurance Officer Salary in Financial Services | ₹1.2 Lakhs to ₹5.0 Lakhs per year |
| Insurance Officer Salary in Insurance | ₹1.5 Lakhs to ₹4.5 Lakhs per year |
| Insurance Officer Salary in Automobile | ₹1.0 Lakhs to ₹4.4 Lakhs per year |
| Insurance Officer Salary in Banking | ₹1.5 Lakhs to ₹4.6 Lakhs per year |
| Insurance Officer Salary in Healthcare / Pharma | ₹0.6 Lakhs to ₹9.0 Lakhs per year |
What are the fresher salaries as Insurance Officer?
Fresher salaries for Insurance Officer in India typically range from ₹1.8 Lakhs to ₹4 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Insurance Officer in India?
Experience significantly impacts a Insurance Officer salary in India. Salaries increase with experience, as Insurance Officer take on more complex tasks, responsibilities, and leadership roles.
Insurance Officer salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹1.8 Lakhs to ₹4.0 Lakhs per year |
| 1 year | ₹0.1 Lakhs to ₹1.8 Lakhs per year |
| 2 years | ₹0.5 Lakhs to ₹8.0 Lakhs per year |
| 3 years | ₹0.5 Lakhs to ₹3.0 Lakhs per year |
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