Union Bank of India Insurance Officer Salaries by Employees (Updated 2025)

Select experience

₹2.7 Lakhs - ₹3.5 Lakhs

Low Confidence

Salary of majority employees

Interested in this particular role?

Last Updated: 16 May 2024

Companies similar to Union Bank of India 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 32% less
IndusInd Bank Insurance Officer Salary 0 - 7 years exp. (25 salaries)	₹1.7 L/yr - ₹3.1 L/yr 21% less
Login to view exact salary
Star Union Dai-ichi Life Insurance Insurance Officer Salary 0 - 6 years exp. (42 salaries)	₹1.8 L/yr - ₹3.9 L/yr 21% less
PNB MetLife Insurance Officer Salary 0 - 4 years exp. (32 salaries)	₹1.5 L/yr - ₹4 L/yr 17% less	24 job openings
Cholamandalam MS General Insurance Insurance Officer Salary 0 - 7 years exp. (29 salaries)	₹1.1 L/yr - ₹5 L/yr 2% less

Insurance Officer salary at Union Bank of India ranges between ₹2.7 Lakhs to ₹3.5 Lakhs per year for employees with 3 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Union Bank of India.

Similar Designation salaries in Union Bank of India

Senior Officer Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Back Office Staff Salary

(AmbitionBox Estimate)

₹2.4 L/yr - ₹3.1 L/yr

Deputy Manager Salary

(11 salaries)

₹8.52 L/yr - ₹16 L/yr

Operations Manager Salary

(4 salaries)

₹10 L/yr - ₹20 L/yr

Sales Executive Salary

(5 salaries)

₹1 L/yr - ₹3 L/yr

Computer Operator Salary

(4 salaries)

₹1.8 L/yr - ₹3.6 L/yr

Data Entry Operator Salary

(14 salaries)

₹1 L/yr - ₹4.3 L/yr

Team Lead Salary

(4 salaries)

₹2 L/yr - ₹4.65 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹0.2 L/yr - ₹0.2 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Salary related reviews for Union Bank of India

Assistant Manager in Bangalore / Bengaluru

Full Time

Other Department

1.0

• posted on 14 Nov 2024

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

...or each others, no work life balance, very old system, very old infra structure. Salary is less compared to corporate, manager and others will behave like there the owners of the bank.

Manager in Tiruchirappalli

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 11 Jun 2024

4.0

for Salary and Benefits

Likes

Working with lots of coworkers. Sufficient salary.

Dislikes

Time taken by the respective department to respond to the field functionary’s concern. No real solutions arrived through discussion. Keeping important things pending.

Assistant Manager in Guwahati

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 01 Jul 2024

3.0

for Salary and Benefits

Likes

The Pay is Okay but not at par with other Government jobs. Bank Management and Bank Unions control the Banks Operations. Chaploosis are always favoured by Management and Unions. So becoming a Chaploos is the main skill needed to survive here.

Dislikes

Bank Management pressurizes staff to achieve unrealistic targets. Officers are humiliated in regular Video Conferences. Many Officers have committed suicides in the last FY. Officers can be transferred anywhere in India and Management doesn't care about staffs families.

Manager in Hyderabad / Secunderabad

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 04 Jul 2023

3.0

for Salary and Benefits

Likes

Salary and allowances will be on time. Easy to get loans on self name.

Dislikes

These days banking jobs became much stressful and hectic with no personal life. Young generation please don't come banking side anymore.

Branch Head in Mumbai

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 07 May 2023

5.0

for Salary and Benefits

Likes

Since it is a government bank, job security and salary is very handful.

Dislikes

Work life balance is very as they will not give you home posting it nearby posting and when you will away higher authority will force you unilaterally without listening anything

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

Got a question about Union Bank of India?

Ask anonymously on communities.

Union Bank of India Insurance Officer Salary FAQs

What is the notice period for Insurance Officer at Union Bank of India?

According to AmbitionBox, 100% of the Union Bank of India Insurance Officers reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

Tell us how to improve this page.

Home >
Salaries >
Union Bank of India Salaries >
Union Bank of India Insurance Officer Salaries

Union Bank of India Insurance Officer salary in India ranges between ₹2.7 Lakhs to ₹3.5 Lakhs. This is an estimate based on latest salaries received from employees of Union Bank of India.