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Financial Underwriter

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Financial Underwriter Salary in Mumbai (Updated 2025)

based on 7 latest salaries • updated: 16 Jan 2025
Select an experience to get the exact salary

Annual salary range

₹3 Lakhs - ₹16 Lakhs

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Financial Underwriter Salary in Mumbai ranges between ₹3 Lakhs to ₹16 Lakhs for less than 1 year of experience to 6 years of experience. Salary estimates are based on 7 latest salaries received from Financial... Read More

Latest annual salaries shared by Financial Underwriters

4mo ago

Allianz Global Corporate & Specialty

Financial Underwriter

9 years exp.

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6mo ago

HDFC Life

Financial Underwriter

1 year exp.

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6mo ago

Techsurance

Financial Underwriter

2 years exp.

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11mo ago

Allianz Global Corporate & Specialty

Financial Underwriter

8 years exp.

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1y ago

Datamatics Global Services

Financial Underwriter

3 years exp.

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1y ago

Accenture

Financial Underwriter

2 years exp.

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1y ago

HDFC Life

Financial Underwriter

1 year exp.

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1y ago

Datamatics Global Services

Financial Underwriter

9 years exp.

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1y ago

Tata AIA Life Insurance

Financial Underwriter

10 years exp.

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1y ago

Tata AIA Life Insurance

Financial Underwriter

8 years exp.

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View all latest salaries

Financial Underwriter salaries by

Years of experience Avg. annual salary
Fresher
(1 salaries)
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₹3.5 L/yr - ₹3.5 L/yr

1 year
(2 salaries)
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₹3 L/yr - ₹4.3 L/yr

2 years
(2 salaries)
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₹4 L/yr - ₹4.3 L/yr

5 years
(1 salaries)
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₹3 L/yr - ₹3 L/yr

6 years
(1 salaries)
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₹16 L/yr - ₹16 L/yr

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₹1.2 L/yr - ₹6 L/yr

View more similar designations

Financial Underwriter Salary By Industries

Industries Avg. annual salary

Financial Services

Financial Underwriter
0 - 10 years exp.
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₹2 L/yr - ₹4.3 L/yr

Insurance

Financial Underwriter
0 - 10 years exp.
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₹2.6 L/yr - ₹4.3 L/yr

IT Services & Consulting

Financial Underwriter
0 - 4 years exp.
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₹1.9 L/yr - ₹2.7 L/yr

BPO/KPO

Financial Underwriter
0 - 4 years exp.
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₹1.9 L/yr - ₹2 L/yr

Banking / Insurance / Accounting

Financial Underwriter
0 - 2 years exp.
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₹3 L/yr - ₹4.3 L/yr

View More

Frequently Asked Questions (FAQS) about Financial Underwriter Salaries

What is the salary of a Financial Underwriter in India?
The salary of a Financial Underwriter in India varies based on experience, location, company & Industry. On average, Financial Underwriter salaries ranges from ₹3.0 Lakhs to ₹16.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹3.0 Lakhs to ₹16.0 Lakhs per year, with the highest salary reaching ₹ Lakhs to ₹ Lakh per year. Salary estimates are based on 7 salaries received from various Financial Underwriters across industries.
What are the top paying cities for Financial Underwriter in India?
The annual salary for Financial Underwriter in India varies by location. Top paying cities for Financial Underwriter are
Financial Underwriter Salary in Pune ₹1.9 Lakhs to ₹2.0 Lakhs per year
Financial Underwriter Salary in Bangalore / Bengaluru ₹2.0 Lakhs to ₹35.5 Lakhs per year
Financial Underwriter Salary in Raigarh ₹2.7 Lakhs to ₹3.8 Lakhs per year
Financial Underwriter Salary in Navi Mumbai ₹3.6 Lakhs to ₹4.6 Lakhs per year
Financial Underwriter Salary in Gurgaon / Gurugram ₹2.3 Lakhs to ₹3.0 Lakhs per year
Salary expectations for Financial Underwriter may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Financial Underwriter in India?
Top 5 paying Industries for Financial Underwriter in India are:
Financial Underwriter Salary in Financial Services ₹2.0 Lakhs to ₹4.3 Lakhs per year
Financial Underwriter Salary in Insurance ₹2.6 Lakhs to ₹4.3 Lakhs per year
Financial Underwriter Salary in IT Services & Consulting ₹1.9 Lakhs to ₹2.7 Lakhs per year
Financial Underwriter Salary in BPO/KPO ₹1.9 Lakhs to ₹2.0 Lakhs per year
Financial Underwriter Salary in Banking / Insurance / Accounting ₹3.0 Lakhs to ₹4.3 Lakhs per year
What are the fresher salaries as Financial Underwriter?
Fresher salaries for Financial Underwriter in India typically range from ₹3.5 Lakhs to ₹3.5 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 Financial Underwriter in India?
Experience significantly impacts a Financial Underwriter salary in India. Salaries increase with experience, as Financial Underwriter take on more complex tasks, responsibilities, and leadership roles. Financial Underwriter salary at different experience level are as follows:
Experience Average Salary Range
Fresher ₹3.5 Lakhs to ₹3.5 Lakhs per year
1 year ₹3.0 Lakhs to ₹4.3 Lakhs per year
2 years ₹4.0 Lakhs to ₹4.3 Lakhs per year
5 years ₹3.0 Lakhs to ₹3.0 Lakhs per year
and so on.

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