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

0 - 7 years exp.

₹1.7 Lakh - ₹3.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

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
Star Union Dai-ichi Life Insurance Insurance Officer Salary 0 - 7 years exp. (41 salaries)	₹1.8 L/yr - ₹3.3 L/yr 4% more
PNB MetLife Insurance Officer Salary 0 - 5 years exp. (34 salaries)	₹1.5 L/yr - ₹4 L/yr 8% more
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Cholamandalam MS General Insurance Insurance Officer Salary 0 - 9 years exp. (29 salaries)	₹1.1 L/yr - ₹5 L/yr 25% more
HDFC Bank Insurance Officer Salary 1 - 6 years exp. (7 salaries)	₹1.5 L/yr - ₹3.5 L/yr 11% less
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.

26% 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 - ₹7.5 L/yr

Operations Manager Salary

(140 salaries)

₹2 L/yr - ₹10.2 L/yr

Sales Executive Salary

(242 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 - ₹3 L/yr

Data Entry Operator Salary

(25 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Team Lead Salary

(128 salaries)

₹1.2 L/yr - ₹7 L/yr

Analyst Salary

(30 salaries)

₹4 L/yr - ₹11.18 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

Deputy Manager in Chennai

Full Time

Sales & Business Development Department

1.0

• posted on 28 Jan 2025

5.0

for Salary and Benefits

Likes

On time salary

Salary - Excellent

Dislikes

Please don't select this bank. they will not give proper recognition for our work.bank is good but work nature and way for work is totally bad. Backend process is entirely bad to work . opening an account is impossible for all the customers worst online apps. without backend support employees can't work freely. They need business only but don't support for doing business (support means I am telling about backend process).do not encourage employees for doing work. each and every month pip will be issued for every month Target. I don't even see such a bank like this . Don't spoil your life in joining indusind bank.shares also getting down 👎.bad job security.they will not accept the fault on them till your last date.

Skill development - Bad

+5 more

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

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a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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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 ₹3.3 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.