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Deputy Underwriting Manager

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Deputy Underwriting Manager Salary in India (Updated 2025)

based on 40 latest salaries • updated: 22 Jan 2025
Select an experience to get the exact salary

Annual salary range

₹4 Lakhs - ₹13 Lakhs

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Deputy Underwriting Manager Salary in India ranges between ₹4 Lakhs to ₹13 Lakhs for 2 years of experience to 16 years of experience. Salary estimates are based on 40 latest salaries received from Deputy Underwriting... Read More

Latest annual salaries shared by Deputy Underwriting Managers

1w ago

Aditya Birla Health Insurance Co

Deputy Underwriting Manager

6 years exp.

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2mo ago

Bajaj Finance

Deputy Underwriting Manager

2 years exp.

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3mo ago

Max Life Insurance

Deputy Underwriting Manager

15 years exp.

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3mo ago

Star Health & Allied Insurance

Deputy Underwriting Manager

13 years exp.

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4mo ago

Max Life Insurance

Deputy Underwriting Manager

10 years exp.

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5mo ago

Bajaj Finserv

Deputy Underwriting Manager

3 years exp.

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6mo ago

Bajaj Finserv

Deputy Underwriting Manager

2 years exp.

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7mo ago

Bajaj Allianz General Insurance

Deputy Underwriting Manager

8 years exp.

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9mo ago

Bajaj Finserv

Deputy Underwriting Manager

5 years exp.

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9mo ago

Future Generali India Life Insurance

Deputy Underwriting Manager

16 years exp.

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View all latest salaries

Deputy Underwriting Manager salaries by

Years of experience Avg. annual salary
2 years
(3 salaries)
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₹4 L/yr - ₹6.5 L/yr

3 years
(3 salaries)
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₹4 L/yr - ₹7.3 L/yr

4 years
(4 salaries)
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₹4.6 L/yr - ₹6.4 L/yr

5 years
(5 salaries)
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₹4.2 L/yr - ₹8.5 L/yr

6 years
(4 salaries)
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₹5.3 L/yr - ₹9.1 L/yr

View all salaries by experience

Deputy Underwriting Manager Salary By Locations

Locations Avg. annual salary
New Delhi
Deputy Underwriting Manager
4 - 15 years exp.
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₹3.9 L/yr - ₹9.5 L/yr

Mumbai
Deputy Underwriting Manager
2 - 16 years exp.
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₹4.8 L/yr - ₹11.3 L/yr

Gurgaon / Gurugram
Deputy Underwriting Manager
4 - 9 years exp.
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₹4.2 L/yr - ₹9 L/yr

Noida
Deputy Underwriting Manager
3 - 8 years exp.
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₹5 L/yr - ₹14 L/yr

Mumbai Suburban
Deputy Underwriting Manager
3 - 6 years exp.
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₹7.3 L/yr - ₹9.1 L/yr

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Deputy Underwriting Manager Salary By Industries

Industries Avg. annual salary

Financial Services

Deputy Underwriting Manager
2 - 16 years exp.
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₹4.2 L/yr - ₹11 L/yr

Insurance

Deputy Underwriting Manager
2 - 16 years exp.
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₹4.8 L/yr - ₹12 L/yr

Banking / Insurance / Accounting

Deputy Underwriting Manager
2 - 10 years exp.
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₹4 L/yr - ₹7.8 L/yr

Banking

Deputy Underwriting Manager
3 - 7 years exp.
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₹5 L/yr - ₹9 L/yr

FinTech

Deputy Underwriting Manager
2 - 5 years exp.
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₹4 L/yr - ₹4.6 L/yr

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Frequently Asked Questions (FAQS) about Deputy Underwriting Manager Salaries

What is the salary of a Deputy Underwriting Manager in India?
The salary of a Deputy Underwriting Manager in India varies based on experience, location, company & Industry. On average, Deputy Underwriting Manager salaries ranges from ₹4.0 Lakhs to ₹13.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹4.0 Lakhs to ₹13.0 Lakhs per year, with the highest salary reaching ₹ Lakhs to ₹ Lakh per year. Salary estimates are based on 40 salaries received from various Deputy Underwriting Managers across industries.
What are the top paying cities for Deputy Underwriting Manager in India?
The annual salary for Deputy Underwriting Manager in India varies by location. Top paying cities for Deputy Underwriting Manager are
Deputy Underwriting Manager Salary in New Delhi ₹3.9 Lakhs to ₹9.5 Lakhs per year
Deputy Underwriting Manager Salary in Mumbai ₹4.8 Lakhs to ₹11.3 Lakhs per year
Deputy Underwriting Manager Salary in Gurgaon / Gurugram ₹4.2 Lakhs to ₹9.0 Lakhs per year
Deputy Underwriting Manager Salary in Noida ₹5.0 Lakhs to ₹14.0 Lakhs per year
Deputy Underwriting Manager Salary in Mumbai Suburban ₹7.3 Lakhs to ₹9.1 Lakhs per year
Salary expectations for Deputy Underwriting Manager may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Deputy Underwriting Manager in India?
Top 5 paying Industries for Deputy Underwriting Manager in India are:
Deputy Underwriting Manager Salary in Financial Services ₹4.2 Lakhs to ₹11.0 Lakhs per year
Deputy Underwriting Manager Salary in Insurance ₹4.8 Lakhs to ₹12.0 Lakhs per year
Deputy Underwriting Manager Salary in Banking / Insurance / Accounting ₹4.0 Lakhs to ₹7.8 Lakhs per year
Deputy Underwriting Manager Salary in Banking ₹5.0 Lakhs to ₹9.0 Lakhs per year
Deputy Underwriting Manager Salary in FinTech ₹4.0 Lakhs to ₹4.6 Lakhs per year
How does experience affect salaries of a Deputy Underwriting Manager in India?
Experience significantly impacts a Deputy Underwriting Manager salary in India. Salaries increase with experience, as Deputy Underwriting Manager take on more complex tasks, responsibilities, and leadership roles. Deputy Underwriting Manager salary at different experience level are as follows:
Experience Average Salary Range
2 years ₹4.0 Lakhs to ₹6.5 Lakhs per year
3 years ₹4.0 Lakhs to ₹7.3 Lakhs per year
4 years ₹4.6 Lakhs to ₹6.4 Lakhs per year
5 years ₹4.2 Lakhs to ₹8.5 Lakhs per year
and so on.

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