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Commercial Underwriter

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Commercial Underwriter Salary in Mumbai (Updated 2025)

based on 11 latest salaries • updated: 4 Jan 2025
Select an experience to get the exact salary

Annual salary range

₹6 Lakhs - ₹12 Lakhs

Moderate Confidence
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Moderate Confidence means the data is based on a sufficient number of latest salaries.
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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... Read More

Latest annual salaries shared by Commercial Underwriters

1w ago

EXL Service

Commercial Underwriter

10 years exp.

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1w ago

Accenture

Commercial Underwriter

4 years exp.

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4w ago

Kreditstack Financial Services

Commercial Underwriter

6 years exp.

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1mo ago

WNS

Commercial Underwriter

4 years exp.

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1mo ago

EXL Service

Commercial Underwriter

8 years exp.

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1mo ago

Reliance General Insurance

Commercial Underwriter

1 year exp.

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1mo ago

Startek

Commercial Underwriter

1 year exp.

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1mo ago

Biz 2 Credit Info Services

Commercial Underwriter

5 years exp.

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2mo ago

Share India Insurance Brokers

Commercial Underwriter

5 years exp.

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2mo ago

Exl India

Commercial Underwriter

3 years exp.

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View all latest salaries

Commercial Underwriter salaries by

Years of experience Avg. annual salary
Fresher
(1 salaries)
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₹9 L/yr - ₹9 L/yr

1 year
(2 salaries)
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₹4.7 L/yr - ₹8.5 L/yr

2 years
(3 salaries)
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₹6 L/yr - ₹8 L/yr

3 years
(3 salaries)
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₹6 L/yr - ₹8 L/yr

4 years
(1 salaries)
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₹7.1 L/yr - ₹7.1 L/yr

View all salaries by experience

Commercial Underwriter Jobs in Mumbai

Commercial Underwriter

· 2-5 years

Digit Insurance

·
3.9

Ahmedabad

Commercial Underwriter

· 2-7 years

BIZ2X PLATFORM PRIVATE LIMITED

·
3.9

New Delhi

Commercial Underwriter

· 5-7 years

Disha Investment Insurance Brokers Private Limted

₹8 L/yr - ₹12 L/yr

Bangalore / Bengaluru

View all Commercial Underwriter jobs

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Financial Analyst Salary
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(6.5k salaries)
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₹2 L/yr - ₹13.3 L/yr

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2 - 11 years exp.
(25k salaries)
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₹2.3 L/yr - ₹10 L/yr

Specialist Salary
3 - 11 years exp.
(2.2k salaries)
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₹2.7 L/yr - ₹20 L/yr

Credit Manager Salary
1 - 10 years exp.
(2.8k salaries)
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₹3.6 L/yr - ₹13.5 L/yr

Credit Analyst Salary
1 - 7 years exp.
(1.6k salaries)
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₹2.2 L/yr - ₹20 L/yr

View more similar designations

Top skills for Commercial Underwriter

7 Commercial Underwriter jobs demanding these skills arrow-logo

Commercial Underwriter Salary In Other Locations

Locations Avg. annual salary
Pune
Commercial Underwriter
1 - 10 years exp.
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₹3.6 L/yr - ₹10.2 L/yr

New Delhi
Commercial Underwriter
1 - 10 years exp.
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₹3 L/yr - ₹11.5 L/yr

Noida
Commercial Underwriter
2 - 6 years exp.
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₹4.1 L/yr - ₹5.6 L/yr

Bangalore / Bengaluru
Commercial Underwriter
1 - 7 years exp.
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₹3.2 L/yr - ₹7.3 L/yr

Faridabad
Commercial Underwriter
1 - 3 years exp.
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₹3 L/yr - ₹9 L/yr

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Commercial Underwriter Salary By Industries

Industries Avg. annual salary

Financial Services

Commercial Underwriter
0 - 12 years exp.
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₹3 L/yr - ₹12.9 L/yr

FinTech

Commercial Underwriter
1 - 7 years exp.
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₹3 L/yr - ₹8.3 L/yr

Insurance

Commercial Underwriter
0 - 12 years exp.
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₹4.5 L/yr - ₹15 L/yr

IT Services & Consulting

Commercial Underwriter
1 - 7 years exp.
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₹3 L/yr - ₹10.2 L/yr

Analytics & KPO

Commercial Underwriter
2 - 11 years exp.
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₹3 L/yr - ₹6.1 L/yr

View More

Frequently Asked Questions (FAQS) about Commercial Underwriter Salaries

What is the salary of a Commercial Underwriter in India?
The salary of a Commercial Underwriter in India varies based on experience, location, company & Industry. On average, Commercial Underwriter salaries ranges from ₹6.0 Lakhs to ₹12.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹6.0 Lakhs to ₹12.0 Lakhs per year, with the highest salary reaching ₹3.0 Lakhs to ₹6.0 Lakhs per year. Salary estimates are based on 11 salaries received from various Commercial Underwriters across industries.
What are the top paying cities for Commercial Underwriter in India?
The annual salary for Commercial Underwriter in India varies by location. Top paying cities for Commercial Underwriter are
Commercial Underwriter Salary in Pune ₹3.6 Lakhs to ₹10.2 Lakhs per year
Commercial Underwriter Salary in New Delhi ₹3.0 Lakhs to ₹11.5 Lakhs per year
Commercial Underwriter Salary in Noida ₹4.1 Lakhs to ₹5.6 Lakhs per year
Commercial Underwriter Salary in Bangalore / Bengaluru ₹3.2 Lakhs to ₹7.3 Lakhs per year
Commercial Underwriter Salary in Faridabad ₹3.0 Lakhs to ₹9.0 Lakhs per year
Salary expectations for Commercial Underwriter may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Commercial Underwriter in India?
Top 5 paying Industries for Commercial Underwriter in India are:
Commercial Underwriter Salary in Financial Services ₹3.0 Lakhs to ₹12.9 Lakhs per year
Commercial Underwriter Salary in FinTech ₹3.0 Lakhs to ₹8.3 Lakhs per year
Commercial Underwriter Salary in Insurance ₹4.5 Lakhs to ₹15.0 Lakhs per year
Commercial Underwriter Salary in IT Services & Consulting ₹3.0 Lakhs to ₹10.2 Lakhs per year
Commercial Underwriter Salary in Analytics & KPO ₹3.0 Lakhs to ₹6.1 Lakhs per year
What are the fresher salaries as Commercial Underwriter?
Fresher salaries for Commercial Underwriter in India typically range from ₹9 Lakhs to ₹9 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Commercial Underwriter in India?
Experience significantly impacts a Commercial Underwriter salary in India. Salaries increase with experience, as Commercial Underwriter take on more complex tasks, responsibilities, and leadership roles. Commercial Underwriter salary at different experience level are as follows:
Experience Average Salary Range
Fresher ₹9.0 Lakhs to ₹9.0 Lakhs per year
1 year ₹4.7 Lakhs to ₹8.5 Lakhs per year
2 years ₹6.0 Lakhs to ₹8.0 Lakhs per year
3 years ₹6.0 Lakhs to ₹8.0 Lakhs per year
and so on.

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