ICICI Lombard General Insurance Company Banking Officer Salaries by 6 Employees

0 - 8 years exp.

₹1.9 Lakh - ₹4.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

25% less than the average Banking Officer Salary in Insurance Companies for 0 - 8 years of experience

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Last Updated: 21 Sep 2024

Companies similar to ICICI Lombard General Insurance Company for Banking Officer

Company name	Avg Annual Salary	Open Jobs
SBI Life Insurance Company Banking Officer Salary 0 - 6 years exp. (12 salaries)	₹0.8 L/yr - ₹6.4 L/yr 10% more
ICICI Prudential Life Insurance Banking Officer Salary 1 - 6 years exp. (9 salaries)	₹2.7 L/yr - ₹3.5 L/yr 7% more
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Tata AIA Life Insurance Banking Officer Salary 0 - 7 years exp. (5 salaries)	₹2.6 L/yr - ₹4.5 L/yr 5% more
SBI General Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹1.4 L/yr - ₹3.1 L/yr 21% less
Bajaj Allianz Life Insurance Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹2.3 L/yr - ₹3.3 L/yr At par
HDFC Life Banking Officer Salary 1 - 3 years exp. (5 salaries)	₹2.5 L/yr - ₹4 L/yr 12% less
Reliance Nippon Life Insurance Banking Officer Salary 3 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹2.6 L/yr 19% less
Axis Max Life Insurance Banking Officer Salary 1 - 5 years exp. (4 salaries)	₹2.4 L/yr - ₹3.3 L/yr 7% more
Life Insurance Corporation of India Banking Officer Salary 0 - 8 years exp. (4 salaries)	₹2.9 L/yr - ₹5 L/yr 33% more
Canara HSBC Life Insurance Banking Officer Salary 0 - 5 years exp. (4 salaries)	₹2.6 L/yr - ₹3.1 L/yr 6% less
PNB MetLife Banking Officer Salary 1 - 3 years exp. (4 salaries)	₹1.7 L/yr - ₹3 L/yr 23% less
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Kotak Mahindara Life Insurance Banking Officer Salary 0 - 2 years exp. (4 salaries)	₹0.4 L/yr - ₹8 L/yr 14% more

Banking Officer salary at ICICI Lombard General Insurance Company ranges between ₹1.9 Lakh to ₹4.5 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 6 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Experience wise ICICI Lombard General Insurance Company Banking Officer salaries

Last Updated: 21 Sep 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.7 L/yr - ₹2.2 L/yr
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹2.4 L/yr
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2 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹2.7 L/yr
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
5 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.8 L/yr
6 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr

View all

Similar Designation salaries in ICICI Lombard General Insurance Company

Management Trainee Salary

(144 salaries)

₹4.27 L/yr - ₹12 L/yr

Senior Analyst Salary

(4 salaries)

₹3.1 L/yr - ₹16.15 L/yr

Deputy Manager Salary

(15 salaries)

₹4.65 L/yr - ₹13.25 L/yr

Senior Associate Salary

(13 salaries)

₹3 L/yr - ₹6.5 L/yr

Financial Analyst Salary

(AmbitionBox Estimate)

₹5.6 L/yr - ₹7.1 L/yr

Finance Executive Salary

(5 salaries)

₹2.5 L/yr - ₹4.55 L/yr

Accountant Salary

(4 salaries)

₹1.8 L/yr - ₹5 L/yr

Analyst Salary

(19 salaries)

₹4 L/yr - ₹14.36 L/yr

Team Lead Salary

(126 salaries)

₹1.05 L/yr - ₹8.5 L/yr

Process Developer Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

Management Trainee in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 30 Sep 2024

1.0

for Salary and Benefits

Likes

Nothing, if you have an option please avoid this organisation even if you don’t please find other interest for yourself

Dislikes

Everything, work culture is pathetic, salary is market minimum, work planning is pathetic as well most teams are just eating each others business, team leaders are lost when I comes to challenges, and the worst operations teams ever, if you are in sales you would wish you never worked. Dying a beggar is better than joining this place

Salary - Bad

+6 more

Management Trainee in New Delhi

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 30 Jul 2023

4.0

for Salary and Benefits

Likes

If you’re looking for good salary and perks, go forward.

Salary - Good

+1 more

Dislikes

No work life balance. You can hardly manage your personal and professional life here simultaneously. Upper Management treats like robot. Although your working days are Mon-Fri, but you have to work on weekends also unofficially otherwise you’ll be scolded by upper management. Some old VPs working here are annoying.

Skill development - Bad

+3 more

Management Trainee in Vadodara

Full Time

Sales & Business Development Department

2.0

• posted on 11 Oct 2023

1.0

for Salary and Benefits

Likes

Only thing good is the brand name and time to time salary

Job security - Excellent

Dislikes

Bad managers, no work life balance, we used to work late till 1am almost everyday. I had horrible manager and super manager. Too much of hierarchy and no one used to help or support. People were so arrogant that they would bully and not teach anything to the new joinees.

Salary - Bad

+4 more

Customer Relationship Manager in Hyderabad / Secunderabad

Full Time

Engineering - Software & QA Department

4.0

• posted on 25 Mar 2025

3.0

for Salary and Benefits

Likes

There is several departments, i was working in ( CRT Department ), i had good experience at icici Lombard, if you are completing your on time so no one will force you for OT, if you want leave so you will have to inform few days back to your reporting person and your leave will be approved, we had office outing also, i had been there for 1 year i haven't felt any office politics.

Job security - Excellent

+4 more

Dislikes

Less salary IJP after 18 months No gift or sweet in diwali Less salary hike

Manager - CRM in Indore (working remotely)

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 02 Feb 2025

4.0

for Salary and Benefits

Likes

Salary received on time no delays. Leaves system was also as per the requirements

Salary - Good

+3 more

Dislikes

Breaks are not appropriate I have medical issues like over active bladder I need to go to washroom frequently between one two hours but there is no break just you have to take permissions for that also break schedule not good

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What people are saying about ICICI Lombard General Insurance Company

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ICICI Lombard General Insurance Company Banking Officer Salary FAQs

What is the salary of Banking Officer at ICICI Lombard General Insurance Company ?

The average salary of a Banking Officer at ICICI Lombard General Insurance Company in India typically ranges from ₹1.9 Lakhs to ₹4.5 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Banking Officer at ICICI Lombard General Insurance Company earn more than ₹4.4 Lakhs per year, and the top 1% earn over ₹4.5 Lakhs per year. Banking Officer Salaries at ICICI Lombard General Insurance Company can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 6 ICICI Lombard General Insurance Company employees in India.

What is the estimated take home salary of a Banking Officer at ICICI Lombard General Insurance Company in India?

The estimated take-home salary of a Banking Officer at ICICI Lombard General Insurance Company in India typically ranges from ₹21,357 to ₹23,000 per month. This is based on the average salary range of ₹1.9 Lakhs to ₹4.5 Lakhs per year for employees with experience ranging from Fresher to 8 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 6 salaries received from various employees of ICICI Lombard General Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than ICICI Lombard General Insurance Company for Banking Officer in India?

Life Insurance Corporation of India	₹2.9 Lakhs to ₹5.0 Lakhs per year
Kotak Mahindara Life Insurance	₹0.4 Lakhs to ₹8.0 Lakhs per year
SBI Life Insurance Company	₹0.8 Lakhs to ₹6.4 Lakhs per year
ICICI Prudential Life Insurance	₹2.7 Lakhs to ₹3.5 Lakhs per year
Axis Max Life Insurance	₹2.4 Lakhs to ₹3.3 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Lombard General Insurance Company, depending on the role and experience level.

What is the salary of a Banking Officer in companies similar to ICICI Lombard General Insurance Company in India?

The salary of a Banking Officer at companies similar to ICICI Lombard General Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Tata AIA Life Insurance	₹2.6 Lakhs to ₹4.5 Lakhs per year
Bajaj Allianz Life Insurance	₹2.3 Lakhs to ₹3.3 Lakhs per year
Canara HSBC Life Insurance	₹2.6 Lakhs to ₹3.1 Lakhs per year
HDFC Life	₹2.5 Lakhs to ₹4.0 Lakhs per year
Reliance Nippon Life Insurance	₹2.4 Lakhs to ₹2.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Banking Officer at ICICI Lombard General Insurance Company in India?

The salary growth for a Banking Officer at ICICI Lombard General Insurance Company depends on factors such as experience, performance, and promotions. On average, a Banking Officer can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience	Average Salary Range
Fresher	₹1.7 Lakhs to ₹2.2 Lakhs per year
1 year	₹1.8 Lakhs to ₹2.4 Lakhs per year
2 years	₹2.1 Lakhs to ₹2.7 Lakhs per year
3 years	₹2.4 Lakhs to ₹3.1 Lakhs per year

and so on.

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ICICI Lombard General Insurance Company Banking Officer Salaries by Location

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ICICI Lombard General Insurance Company Banking Officer Salaries

ICICI Lombard General Insurance Company Banking Officer salary in India ranges between ₹1.9 Lakh to ₹4.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.

ICICI Lombard General Insurance Company Banking Officer salaries in India

Companies similar to ICICI Lombard General Insurance Company for Banking Officer

Latest annual salaries shared by ICICI Lombard General Insurance Company Banking Officer

Experience wise ICICI Lombard General Insurance Company Banking Officer salaries

Similar Designation salaries in ICICI Lombard General Insurance Company

Salary related reviews for ICICI Lombard General Insurance Company

Management Trainee in New Delhi

Management Trainee in New Delhi

Management Trainee in Vadodara

Customer Relationship Manager in Hyderabad / Secunderabad

Manager - CRM in Indore (working remotely)

ICICI Lombard General Insurance Company Banking Officer Salary FAQs

Tell us how to improve this page.

ICICI Lombard General Insurance Company Banking Officer Salaries by Location