Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary17% less than the average Banking Officer Salary in Insurance Companies for 0 - 6 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Banking Officer Salary
0 - 1
year
exp.
(AmbitionBox Estimate)
|  ₹1 L/yr - ₹3.5 L/yr |
Login to view exact salary
| |
Customer Success, Service & Operations
Banking Officer Salary
2 - 5
years
exp.
(AmbitionBox Estimate)
| ₹3.6 L/yr - ₹5 L/yr |
Companies similar to SBI Life Insurance Company for Banking Officer
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 ICICI Prudential Life Insurance Banking Officer Salary
1 - 6 years exp. (9 salaries) | ₹2.7 L/yr - ₹3.5 L/yr 
3%
less | |
 ICICI Lombard General Insurance Company Banking Officer Salary
0 - 8 years exp. (6 salaries) | ₹1.9 L/yr - ₹4.5 L/yr
9%
less | |
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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%
less | |
 SBI General Insurance Banking Officer Salary
1 - 3 years exp. (5 salaries) | ₹1.4 L/yr - ₹3.1 L/yr
28%
less | |
 Bajaj Allianz Life Insurance Banking Officer Salary
1 - 4 years exp. (5 salaries) | ₹2.3 L/yr - ₹3.3 L/yr
10%
less | |
 Reliance Nippon Life Insurance Banking Officer Salary
3 - 6 years exp. (4 salaries) | ₹2.4 L/yr - ₹2.6 L/yr
26%
less | |
 Axis Max Life Insurance Banking Officer Salary
1 - 5 years exp. (4 salaries) | ₹2.4 L/yr - ₹3.3 L/yr
3%
less | |
 Life Insurance Corporation of India Banking Officer Salary
0 - 8 years exp. (4 salaries) | ₹2.9 L/yr - ₹5 L/yr 
21%
more | |
 PNB MetLife Banking Officer Salary
1 - 3 years exp. (4 salaries) | ₹1.7 L/yr - ₹3 L/yr
30%
less | |
 Kotak Mahindara Life Insurance Banking Officer Salary
0 - 2 years exp. (4 salaries) | ₹0.4 L/yr - ₹8 L/yr
3%
more | |
 HDFC Ergo General Insurance Banking Officer Salary
1 - 3 years exp. (3 salaries) | ₹2.4 L/yr - ₹3.3 L/yr
12%
less | |
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| ||
 HDFC Life Banking Officer Salary
1 - 3 years exp. (5 salaries) | ₹2.5 L/yr - ₹4 L/yr
20%
less | |
Latest annual salaries shared by SBI Life Insurance Company Banking Officer
Experience wise SBI Life Insurance Company Banking Officer salaries
Last Updated: 8 Feb 2025
| Experience | Avg Annual Salary |
|---|---|
| Fresher (4 salaries) |
₹0.8
L/yr
- ₹4.5
L/yr
|
| 1 year (3 salaries) |
₹1
L/yr
- ₹5.7
L/yr
|
Login to view exact salary
| |
| 2 years (AmbitionBox Estimate) |
₹1
L/yr
- ₹4
L/yr
|
| 3 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹3.8
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹3.8
L/yr
|
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SBI Life Insurance Company Banking Officer Salary FAQs
The top 10% of Banking Officer at SBI Life Insurance Company earn more than ₹6.4 Lakhs per year, and the top 1% earn over ₹9.0 Lakhs per year. Banking Officer Salaries at SBI Life 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 10+ SBI Life Insurance Company employees 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 |
These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI Life Insurance Company, depending on the role and experience level.
| 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 |
| Tata AIA Life Insurance | ₹2.6 Lakhs to ₹4.5 Lakhs per year |
| ICICI Lombard General Insurance Company | ₹1.9 Lakhs to ₹4.5 Lakhs per year |
| Bajaj Allianz Life Insurance | ₹2.3 Lakhs to ₹3.3 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.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹0.8 Lakhs to ₹4.5 Lakhs per year |
| 1 year | ₹1.0 Lakhs to ₹5.7 Lakhs per year |
| 2 years | ₹1.0 Lakhs to ₹4.0 Lakhs per year |
| 3 years | ₹3.0 Lakhs to ₹3.8 Lakhs per year |
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SBI Life Insurance Company Banking Officer salary
in
India
ranges between ₹0.8
Lakh to ₹6.4
Lakhs with an average annual salary of
₹. Salary estimates are based on
12
SBI Life Insurance Company latest salaries received from various employees of
SBI Life Insurance Company.