Bank PO or Insurance – Who Gets Higher Salary? Let’s Understand in This Article.
The basic pay of IBPS PO is Rs. 48,480 and gross salary is around Rs. 78,058. The basic pay of insurance officer is Rs.82,485 and gross salary is around Rs. 1,10,000. The basic pay of LIC AAO is Rs. 88,635.00 and gross salary is around Rs. 1,20,000.
| Post | Basic Pay | Approx Gross Salary |
|---|---|---|
| IBPS PO | Rs. 48,480 | Rs. 78,058 |
| Insurance Officer | Rs. 82,485 | Rs. 1,10,000 |
| LIC AAO | Rs. 88,635 | Rs. 1,20,000 |
IBPO vs LIC AAO Salary
| Salary Component | IBPS PO Salary 2025 | LIC AAO Salary 2025 |
|---|---|---|
| Basic Pay | Rs. 48,480 | Rs. 88,635.00 |
| Dearness Allowance (DA) | Rs. 10,277.76 | Rs. 13,635.39 |
| Closing Allowance | Rs. 1,500 | — |
| City Compensatory Allowance (CCA) | Rs. 1,200 | — |
| Special Allowance | Rs. 12,847.20 | — |
| Learning Allowance | Rs. 850 | — |
| DA on Special Allowance | Rs. 2,723.61 | — |
| DA on Learning Allowance | Rs. 180.20 | — |
| Cadre Special Allowance | — | Rs. 8,900.00 |
| House Rent Allowance (HRA) | — | Rs. 6,204.45 |
| Transport Allowance | — | Rs. 3,300.00 |
| Gross Monthly Salary / Income | Rs. 78,058 (approx.) | Rs. 1,20,674.84 |
This shows that the salary of a bank officer is very less in comparison to the officer working in insurance companies. The salary is not only less at starting level but also at top level. The basic pay of officers at top management of insurance companies is given below:
- Scale VII: 251125-6755(2)-264635-7240(1)-271875-7920(1)-279795-8215(4)-312655
- Scale VI: 224105-6755(8)-278145
- Scale V: 200235-5785(3)-217590-6515(6)-256680
- Scale IV: 165525-5785(9)-217590
- Scale III: 135135-4050(1)-139185-4390(6)-165525-5785(4)-188665
- Scale II: 110835-4050(7)-139185-4390(6)-165525
- Scale I: 82485-4050(14)-139185-4390(4)-156745
This shows that the basic pay of insurance Officers is almost 60% more than that of Bank Officers.
The discussions for the 13th BPS will start soon, and bank employees hope to get a better salary, at least similar to what other organisations are paying.
