General Insurance Compliance Officer Salaries by 4 Employees (Updated 2024)

3 - 6 years exp.

₹2.4 Lakhs - ₹9 Lakhs

Low Confidence

Salary of majority employees

31% less than the average Compliance Officer Salary in Insurance Companies for 3 - 6 years of experience

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Salaries in different departments

Finance & Accounting Compliance Officer Salary 3 - 6 years exp. (3 salaries)	₹4.6 L/yr - ₹9 L/yr
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Risk Management & Compliance Compliance Officer Salary 3 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.6 L/yr

Last Updated: 4 Apr 2024

Companies similar to General Insurance for Compliance Officer

Company name	Avg Annual Salary	Open Jobs
UBS Compliance Officer Salary 1 - 11 years exp. (137 salaries)	₹5 L/yr - ₹19.5 L/yr 97% more
QX Global Group Compliance Officer Salary 0 - 8 years exp. (91 salaries)	₹2 L/yr - ₹4.6 L/yr 35% less
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Axis Bank Compliance Officer Salary 0 - 10 years exp. (28 salaries)	₹3 L/yr - ₹13.3 L/yr 38% more
ID Medical Compliance Officer Salary 1 - 7 years exp. (23 salaries)	₹3 L/yr - ₹4.6 L/yr 36% less
BNP Paribas Compliance Officer Salary 2 - 10 years exp. (21 salaries)	₹3.6 L/yr - ₹12.5 L/yr 29% more

Compliance Officer salary at General Insurance ranges between ₹2.4 Lakhs to ₹9 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of General Insurance.

Experience wise General Insurance Compliance Officer salaries

Last Updated: 4 Apr 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.6 L/yr
4 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹8.5 L/yr
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5 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹7.4 L/yr
6 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹9 L/yr

Similar Designation salaries in General Insurance

Chief Manager Salary

(AmbitionBox Estimate)

₹16.2 L/yr - ₹20.7 L/yr

Deputy Manager Salary

(4 salaries)

₹3 L/yr - ₹9 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

Senior Associate Salary

(5 salaries)

₹3.3 L/yr - ₹3.5 L/yr

Accountant Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Assistant General Manager Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Salary related reviews for General Insurance

Kolkata in Kolkata

Sales & Business Development Department

4.0

• posted on 22 Apr 2021

4.0

for Salary and Benefits

Likes

I have worked in general insurance and i have experience and feild working habituated.I have issues policy from TATA, Chola, Shriram, Bajaj,go digit , ICICI Lombard from welcom financial Pvt Ltd Kolkata.I have interested with general insurance company

Dislikes

Nathing special but claim settlement should be fast for the customer's

LOSS ASSESSOR RISK INSPECTION ENGINEER,FACULTY in Noida

In industries --quality, production, in general insurance claims assess... Department

5.0

• posted on 20 Aug 2019

5.0

for Salary and Benefits

Likes

I am an expert in Motor claims of unlimited estimated loss. Carried out more than 11000 surveys so far. I like it and also delivered lectures in several national level seminars and work shops. I am honored to opine on the motor litigated and cases filed before the ombudsman for decision. I give my opinion on base of insurance laws and technicalities on the claims. I am also expert in pre insurance inspection /Risk Inspections also in Risk management of non motor insurance. I like the most above both jabs. I have deep knowledge of law and engineering/ technicality of the claims. I am very innovative with technology and laws and cooperative with the colleagues and do respect the bosses.

Dislikes

i like this industry. as my job is dependent on insurers so, some time i face deputation problem.

Regional Manager

BFSI, Investments & Trading Department

5.0

• posted on 16 Jul 2018

5.0

for Salary and Benefits

Likes

When Insurance industry was opened for for private participation in 2004, it was projected by market leaders that the existing public sector general insurance [PSGI] will be doomed in five years. Alas, that it was not to be. Even now the PSGI compnies hold more than 50% of Market Share of General Insurance Premium and is growing steadily and are making the Pvt. Sector Insurance companies run for their money. Unlike Life insurance where investments are made for long term, the general insurance contracts are annual in nature, yet the public confidence is still with PSGI companies. There can be delay but there won't be deny in case of any major catastrophe. Ofcourse, the PSGI companies have to be more customer friendly when it comes to hassle free acceptance of premium as well as settlement of claims by using the latest advanced automation/digitilaisation.

Dislikes

At times it may be frustrating for the really competent persons as out of turn recognition / elevation is not possible, as well as tougher industrial relations -- because of the undue advantage taken by certain undeserving elements taking protection under the prrevailing reservation system.

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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General Insurance Compliance Officer Salary FAQs

What is the salary of Compliance Officer at General Insurance?

Compliance Officer salary at General Insurance in India ranges between ₹2.4 Lakhs to ₹9.0 Lakhs for experience between 3 years to 6 years. According to our estimates it is 31% less than the average Compliance Officer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of General Insurance India.

How does the salary of a Compliance Officer at General Insurance India compare with the average salary range for this job?

The average salary of a Compliance Officer at General Insurance is 31% less than the average salary of a Compliance Officer in India. To know exact salary insights, login to view.

Which similar companies are paying more than General Insurance to a Compliance Officer in India?

UBS Compliance Officer Salary - ₹5.0 Lakhs to ₹19.5 Lakhs per year
Axis Bank Compliance Officer Salary - ₹3.0 Lakhs to ₹13.3 Lakhs per year
BNP Paribas Compliance Officer Salary - ₹3.6 Lakhs to ₹12.5 Lakhs per year

What is the salary of a Compliance Officer in companies similar to General Insurance in India?

QX Global Group Compliance Officer Salary - ₹2.0 Lakhs to ₹4.6 Lakhs per year
ID Medical Compliance Officer Salary - ₹3.0 Lakhs to ₹4.6 Lakhs per year

What is the estimated take home salary of a Compliance Officer at General Insurance in India?

The estimated take-home salary of a Compliance Officer at General Insurance ranges between ₹42,273 per month to ₹43,404 per month in India. The take-home salary calculation is based on the average General Insurance Compliance Officer salary in India which ranges between ₹2.4 Lakhs to ₹9.0 Lakhs per year for employees with experience between 3 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Compliance Officer at General Insurance?

According to AmbitionBox, 67% of the General Insurance Compliance Officers reported a notice period of 1 Month, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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General Insurance Compliance Officer Salaries

General Insurance Compliance Officer salary in India ranges between ₹2.4 Lakhs to ₹9 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 General Insurance latest salaries received from various employees of General Insurance.