IndusInd Bank Insurance Officer Salaries by 20+ Employees (Updated 2025)

0 - 7 years exp.

₹1.7 Lakh - ₹3.5 Lakhs

Salary of majority employees

14% less than the average Insurance Officer Salary in Banking Companies for 0 - 7 years of experience

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Salaries in different departments

Sales & Business Development Insurance Officer Salary 0 - 3 years exp. (5 salaries)	₹1.9 L/yr - ₹3.5 L/yr
BFSI, Investments & Trading Insurance Officer Salary 3 - 7 years exp. (4 salaries)	₹2.4 L/yr - ₹3 L/yr
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Marketing & Communication Insurance Officer Salary 0 - 5 years exp. (3 salaries)	₹1.9 L/yr - ₹2.4 L/yr
Quality Assurance Insurance Officer Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹2.4 L/yr - ₹3 L/yr

Last Updated: 19 Mar 2025

Companies similar to IndusInd Bank for Insurance Officer

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Insurance Officer Salary 1 - 6 years exp. (7 salaries)	₹1.5 L/yr - ₹3.5 L/yr 11% less
Star Union Dai-ichi Life Insurance Insurance Officer Salary 0 - 6 years exp. (42 salaries)	₹1.8 L/yr - ₹3.9 L/yr 3% more
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PNB MetLife Insurance Officer Salary 0 - 5 years exp. (34 salaries)	₹1.5 L/yr - ₹4 L/yr 8% more	24 job openings
Cholamandalam MS General Insurance Insurance Officer Salary 0 - 9 years exp. (29 salaries)	₹1.1 L/yr - ₹5 L/yr 25% more
RSPL Group Insurance Officer Salary 4 - 6 years exp. (7 salaries)	₹3.9 L/yr - ₹4.3 L/yr 69% more

Insurance Officer salary at IndusInd Bank ranges between ₹1.7 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 27 latest salaries received from various employees of IndusInd Bank.

Experience wise IndusInd Bank Insurance Officer salaries

Last Updated: 19 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹1.9 L/yr - ₹2.5 L/yr
1 year (3 salaries)	₹2 L/yr - ₹2.9 L/yr
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2 years (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr
3 years (5 salaries)	₹2 L/yr - ₹3.1 L/yr
4 years (4 salaries)	₹2 L/yr - ₹3 L/yr
5 years (4 salaries)	₹2 L/yr - ₹3 L/yr
6 years (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr
7 years (AmbitionBox Estimate)	₹1 L/yr - ₹3 L/yr

View all

From

Insurance Officer

₹

Lakhs/yr

0 - 7 years exp.

Vice President

₹

Lakhs/yr

11 - 22 years exp.

Insurance Officer

0 - 7 years exp.

Assistant Manager

0 - 10 years exp.

60% hike

Deputy Manager

0 - 13 years exp.

29% hike

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in IndusInd Bank

Senior Officer Salary

(14 salaries)

₹2.6 L/yr - ₹3.4 L/yr

Back Office Staff Salary

(27 salaries)

₹1.32 L/yr - ₹3 L/yr

Deputy Manager Salary

(3.6k salaries)

₹1.7 L/yr - ₹8.5 L/yr

Operations Manager Salary

(164 salaries)

₹1.8 L/yr - ₹10.04 L/yr

Sales Executive Salary

(235 salaries)

₹1 L/yr - ₹5 L/yr

MIS Executive Salary

(93 salaries)

₹1.2 L/yr - ₹4.5 L/yr

Computer Operator Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Data Entry Operator Salary

(25 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Team Lead Salary

(137 salaries)

₹1.2 L/yr - ₹7 L/yr

Analyst Salary

(28 salaries)

₹8.86 L/yr - ₹11.32 L/yr

Top skills at IndusInd Bank for Insurance Officer

General Insurance Insurance Bancassurance Motor Insurance

Salary related reviews for IndusInd Bank

4.7

Rated by 6 employees for salary & benefits

Sales Executive in Jabalpur

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 22 Jan 2025

1.0

for Salary and Benefits

Likes

Worst company ...there is no working as per professionally not satisfactory salary, not a company to work

Dislikes

Dislikes about working in indusind banks are alot words are less to describe how bad experience will be in indusind bank ..if someone is willing to work in indusind bank...I would suggest don't waste your precious experience and time in working indusind bank ..try out somewhere else...you will be more ...satisfied working in some other company ...

Salary - Bad

+6 more

Deputy Manager in Guwahati

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 08 Dec 2024

1.0

for Salary and Benefits

Likes

Less pressure than other bank.

Dislikes

...mers like other banks whose basic account starts from rs 2500 like bandhan Bank.And the salary hike is very very low like negligible.

Salary - Bad

+5 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 04 Dec 2024

2.0

for Salary and Benefits

Likes

Job security, salary on time

Job security - Good

Dislikes

At Opus center, Mumbai, Work culture is very pathetic, the super Manager raises issues which are not even required and are small. Work life balance is poor. Hasim Shaikh is Therki and favour majority female employees. Promotion is poorly done.

Salary - Poor

+3 more

Customer Service Executive in Chennai

Full Time

Other Department

1.0

• posted on 12 Dec 2023

1.0

for Salary and Benefits

Likes

Nothing at all

Dislikes

...d to take it.... In short your life is hell. No work and personal life balance. Salary is also very pethetic....... Do not join this company especially in KYC.... Your life will be hell because of few inefficient Managers and TLs.

Salary - Bad

+6 more

Back Office Executive in Chennai

Full Time

Finance & Accounting Department

4.0

• posted on 15 May 2024

2.0

for Salary and Benefits

Likes

...make a big mistake. Great supporting management. Gives you free decision policy. Bit kanjus company on salary but it's a great workplace and peaceful minded if you want to settle down.

Job security - Excellent

+3 more

Dislikes

Hr policy is soo bad. It's like they try to take money from employee pocket only. They will show you a huge ammount as salary on your offer letter but belive me your take hand will be very low. All the other benifits will be shown under ur CTC. They will say salary is 30k but after deduction they will give only 22k. You will feel like cheated. You can only join on Mondays because management dosent want you to join on wed or thurs and get free salary for 2 says on sat and sun. If you are in off role and go to on role they will take away 2 day salary. All plans to cost cutting is from employees salary. They have a access to provide you with work from home on storm / corona like situations. But if you are going to a family tour and you ask work from home access they will feel kanjos to give you because that access costs 500 per day.

Salary - Poor

see more salary related reviews

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Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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IndusInd Bank Insurance Officer Salary FAQs

What is the salary of Insurance Officer at IndusInd Bank ?

The average salary of a Insurance Officer at IndusInd Bank in India typically ranges from ₹1.7 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Insurance Officer at IndusInd Bank earn more than ₹3.0 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Insurance Officer Salaries at IndusInd Bank 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 20+ IndusInd Bank employees in India.

What is the estimated take home salary of a Insurance Officer at IndusInd Bank in India?

The estimated take-home salary of a Insurance Officer at IndusInd Bank in India typically ranges from ₹16,716 to ₹18,428 per month. This is based on the average salary range of ₹1.7 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 7 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 20+ salaries received from various employees of IndusInd Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Insurance Officer at IndusInd Bank ?

To be a Insurance Officer at IndusInd Bank in india, the key skills required include:

- General Insurance
- Insurance
- Bancassurance
- Motor Insurance

These skills are highly valued at IndusInd Bank and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than IndusInd Bank for Insurance Officer in India?

RSPL Group	₹3.9 Lakhs to ₹4.3 Lakhs per year
Cholamandalam MS General Insurance	₹1.1 Lakhs to ₹5.0 Lakhs per year
PNB MetLife	₹1.5 Lakhs to ₹4.0 Lakhs per year
Star Union Dai-ichi Life Insurance	₹1.8 Lakhs to ₹3.9 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by IndusInd Bank, depending on the role and experience level.

What is the salary of a Insurance Officer in companies similar to IndusInd Bank in India?

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

HDFC Bank

₹1.5 Lakhs to ₹3.5 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 Insurance Officer at IndusInd Bank in India?

The salary growth for a Insurance Officer at IndusInd Bank depends on factors such as experience, performance, and promotions. On average, a Insurance Officer can expect the following growth trajectory at IndusInd Bank:

Experience	Average Salary Range
Fresher	₹1.9 Lakhs to ₹2.5 Lakhs per year
1 year	₹2.0 Lakhs to ₹2.9 Lakhs per year
2 years	₹1.7 Lakhs to ₹3.5 Lakhs per year
3 years	₹2.0 Lakhs to ₹3.1 Lakhs per year

and so on.

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IndusInd Bank Insurance Officer Salaries

IndusInd Bank Insurance Officer salary in India ranges between ₹1.7 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 27 IndusInd Bank latest salaries received from various employees of IndusInd Bank.