Commercial Underwriter
Annual salary range
₹6 Lakhs - ₹12 Lakhs
Moderate Confidence 
Moderate Confidence means the data is based on a sufficient number of latest salaries.
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Filter salaries byCommercial Underwriter Salary in Mumbai (Updated 2025)
based on 11
latest salaries
• updated:
4 Jan 2025
Select an experience to get the exact salary
Salary of majority employees
Experience wise Commercial Underwriter salaries
| Years of experience | Avg. Annual Salary |
|---|---|
Fresher
(1
salaries)
|  ₹9 L/yr - ₹9 L/yr |
1
year
(1
salaries)
| ₹8.5 L/yr - ₹8.5 L/yr |
Login to view exact salary
| |
2
years
(3
salaries)
| ₹6 L/yr - ₹8 L/yr |
3
years
(3
salaries)
| ₹6 L/yr - ₹8 L/yr |
4
years
(1
salaries)
| ₹7.1 L/yr - ₹7.1 L/yr |
View all salaries by experience
Commercial Underwriter Salary in
Mumbai ranges between ₹6
Lakhs to ₹12
Lakhs for
less than 1 year of experience to 11 years of experience
. Salary estimates are based on
11 latest salaries received
from Commercial Underwriter.
See latest salaries
Commercial Underwriter salaries in different departments
| Department | Avg Annual Salary |
|---|---|
BFSI, Investments & Trading
Commercial Underwriter Salary
2 - 4
years
exp.
(5
salaries)
| ₹6 L/yr - ₹7.1 L/yr |
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| |
Data Science & Analytics
Commercial Underwriter Salary
2 - 5
years
exp.
(3
salaries)
| ₹8 L/yr - ₹12 L/yr |
Latest annual salaries shared by Commercial Underwriters
1w ago
EXL Service
Commercial Underwriter
10 years exp.
1w ago
Accenture
Commercial Underwriter
4 years exp.
4w ago
Kreditstack Financial Services
Commercial Underwriter
6 years exp.
1mo ago
WNS
Commercial Underwriter
4 years exp.
1mo ago
EXL Service
Commercial Underwriter
8 years exp.
1mo ago
Reliance General Insurance
Commercial Underwriter
1 year exp.
1mo ago
Startek
Commercial Underwriter
1 year exp.
1mo ago
Biz 2 Credit Info Services
Commercial Underwriter
5 years exp.
2mo ago
Share India Insurance Brokers
Commercial Underwriter
5 years exp.
2mo ago
Exl India
Commercial Underwriter
3 years exp.
View all latest salaries
| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
2 -
6
yrs
exp.
.
Mumbai
(4 salaries)
|
₹8 L/yr - ₹12.9 L/yr | |
0 -
1
yrs
exp.
.
Mumbai
(3 salaries)
|
₹7.7 L/yr - ₹9.8 L/yr | |
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| ||
2 -
4
yrs
exp.
.
Mumbai
(3 salaries)
|
₹5.6 L/yr - ₹7.1 L/yr | |
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹5.4 L/yr - ₹6.9 L/yr | |
11 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹7.2 L/yr - ₹9.2 L/yr | |
Fresher
.
Mumbai
(AmbitionBox Estimate)
|
₹8.1 L/yr - ₹10.4 L/yr | |
Commercial Underwriter Jobs in Mumbai
Commercial Underwriter
· 8-13 years
Ideal Insurance Brokers
₹10
L/yr
- ₹20
L/yr
Kolkata
Commercial Underwriter
· 5-7 years
Disha Investment Insurance Brokers Private Limted
₹8
L/yr
- ₹12
L/yr
Bangalore / Bengaluru
Commercial Underwriter
· 2-3 years
Serving Skill
Similar Designation Salaries for Commercial Underwriter
| Designations | Avg Annual Salary |
|---|---|
Financial Analyst Salary
1 -
8
years
exp.
(6.5k salaries)
| ₹2 L/yr - ₹13.1 L/yr |
Senior Executive Salary
2 -
11
years
exp.
(25k salaries)
| ₹2.3 L/yr - ₹10 L/yr |
Login to view exact salary
| |
Specialist Salary
3 -
11
years
exp.
(2.2k salaries)
| ₹2.7 L/yr - ₹20 L/yr |
Credit Manager Salary
1 -
10
years
exp.
(2.8k salaries)
| ₹3.6 L/yr - ₹13.5 L/yr |
Credit Analyst Salary
1 -
7
years
exp.
(1.6k salaries)
| ₹2.2 L/yr - ₹20 L/yr |
View more similar designations
Salary related reviews by similar designations like Commercial Underwriter
Biz 2 Credit Info Services
Financial Analyst in Noida
• posted on 16 Aug 2024
Likes
...leagues are supportive and helpful. Management and managers are also supportive. Good incentive policy and salary is received on timely basis. Cab facilities are also provided.
read more- Salary - Excellent
+6 more
Dislikes
No eating places available outside office premises.
Biz 2 Credit Info Services
Senior Manager in Noida
• posted on 02 Aug 2022
Biz 2 Credit Info Services
Commercial Underwriter in Noida
• posted on 15 Aug 2024
Likes
1. Great Incentives 2. Timely Salary 3. Providing Can Facilities 4. Saturday and Sunday Fixed offs 5. Quarterly RNR 6. Management are very supportive 7. Provide training whenever u need 8. Tea/Coffee available all the time 9. Learning for both fresher and experienced
read more- Salary - Excellent
+6 more
Dislikes
1. No outing places nearby so u have to order online 2. Sometimes too much work but your manager will help in managing your work 3. No work from home option
read moreBiz 2 Credit Info Services
Associate in Noida
• posted on 15 Aug 2024
Likes
Best work environment Get salary on time never delayed
- Salary - Excellent
+6 more
Dislikes
Sometimes there is high volume but able to cope up with team support.
Top skills for Commercial Underwriter
Commercial Underwriter Salary In Other Locations
| Locations | Avg Annual Salary |
|---|---|
Pune
Commercial Underwriter
1 -
10
years
exp.
| ₹3.6 L/yr - ₹13.5 L/yr |
New Delhi
Commercial Underwriter
1 -
10
years
exp.
| ₹3 L/yr - ₹11.5 L/yr |
Login to view exact salary
| |
Noida
Commercial Underwriter
2 -
6
years
exp.
| ₹4.1 L/yr - ₹5.6 L/yr |
Bangalore / Bengaluru
Commercial Underwriter
1 -
7
years
exp.
| ₹3.2 L/yr - ₹7.3 L/yr |
Faridabad
Commercial Underwriter
1 -
3
years
exp.
| ₹3 L/yr - ₹9 L/yr |
View More
Commercial Underwriter Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Commercial Underwriter
0 -
12
years
exp.
| ₹3 L/yr - ₹13 L/yr |
FinTech
Commercial Underwriter
1 -
7
years
exp.
| ₹3 L/yr - ₹8.3 L/yr |
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| |
Insurance
Commercial Underwriter
0 -
12
years
exp.
| ₹5 L/yr - ₹15 L/yr |
IT Services & Consulting
Commercial Underwriter
1 -
7
years
exp.
| ₹3 L/yr - ₹10.2 L/yr |
Analytics & KPO
Commercial Underwriter
2 -
11
years
exp.
| ₹3 L/yr - ₹6.1 L/yr |
View More
Frequently Asked Questions about Commercial Underwriter Salaries
What is the salary of a Commercial Underwriter in India?
Salary for a Commercial Underwriter in India ranges between ₹6.0 Lakhs to ₹12.0 Lakhs per year. Salary estimates are based on 11 latest salaries received from various Commercial Underwriters across industries.
What is the starting salary for a Commercial Underwriter in India?
Average starting Salary for Commercial Underwriter in India is around ₹6.0 Lakhs per year (₹50.0k per month). No prior experience is required to be a Commercial Underwriter.
What is the highest salary for a Commercial Underwriter in India?
Highest salary that a Commercial Underwriter can earn is ₹10.4 Lakhs per year (₹86.7k per month).
What are the top paying cities for Commercial Underwriter in India?
- Mumbai - ₹6.0 Lakhs to 12.9 Lakhs per year
- Pune - ₹3.0 Lakhs to 14.0 Lakhs per year
- New Delhi - ₹2.5 Lakhs to 20.0 Lakhs per year
- Bangalore / Bengaluru - ₹3.2 Lakhs to 7.3 Lakhs per year
- Noida - ₹4.1 Lakhs to 7.0 Lakhs per year
What are the popular/top skills required to become a Commercial Underwriter?
These are the top skills of a Commercial Underwriter based on 6 jobs posted by employers.
- Private Banking
- General Insurance
- Medical Underwriting
- Credit Analysis
- Credit Control
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