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Insurance Underwriter

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Insurance Underwriter Salary in India (Updated 2025)

based on 80 latest salaries • updated: 3 Mar 2025
Select an experience to get the exact salary

Annual salary range

₹1.2 Lakh - ₹13 Lakhs

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High Confidence means the data is based on a large number of latest salaries.
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Insurance Underwriter Salary in India ranges between ₹1.2 Lakh to ₹13 Lakhs for 1 year of experience to 10 years of experience. Salary estimates are based on 80 latest salaries received from Insurance Underwriter.

Latest annual salaries shared by Insurance Underwriters

4d ago

PolicyBazaar

Insurance Underwriter

4 years exp.

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6d ago

Cams Repository Services

Insurance Underwriter

6 years exp.

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2w ago

Le Dieu Insurance Brokers

Insurance Underwriter

7 years exp.

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1mo ago

Accenture

Insurance Underwriter

1 year exp.

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1mo ago

Aviva Life Insurance India

Insurance Underwriter

6 years exp.

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2mo ago

N+A

Insurance Underwriter

1 year exp.

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2mo ago

Shriram General Insurance

Insurance Underwriter

3 years exp.

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2mo ago

Techsurance

Insurance Underwriter

1 year exp.

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3mo ago

HTIC Global

Insurance Underwriter

3 years exp.

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3mo ago

Kataria Insurance Brokers

Insurance Underwriter

5 years exp.

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View all latest salaries

Insurance Underwriter salaries by

Years of experience Avg. annual salary
1 year
(14 salaries)
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₹1.5 L/yr - ₹5 L/yr

2 years
(11 salaries)
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₹2.5 L/yr - ₹5 L/yr

3 years
(18 salaries)
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₹1.1 L/yr - ₹14 L/yr

4 years
(9 salaries)
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₹2.7 L/yr - ₹13 L/yr

5 years
(8 salaries)
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₹2.2 L/yr - ₹12 L/yr

View all salaries by experience

Insurance Underwriter Jobs in India

Insurance Underwriter

· 2-4 years

Aspiring Mantra

₹2 L/yr - ₹3 L/yr

Delhi/Ncr

View all Insurance Underwriter jobs

Top skills for Insurance Underwriter

1 Insurance Underwriter jobs demanding these skills arrow-logo

Insurance Underwriter Salary By Locations

Locations Avg. annual salary
Mumbai
Insurance Underwriter
1 - 9 years exp.
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₹1.8 L/yr - ₹7 L/yr

New Delhi
Insurance Underwriter
1 - 7 years exp.
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₹1.1 L/yr - ₹12 L/yr

Pune
Insurance Underwriter
2 - 8 years exp.
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₹1.4 L/yr - ₹5.3 L/yr

Bangalore / Bengaluru
Insurance Underwriter
1 - 6 years exp.
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₹2.1 L/yr - ₹5.6 L/yr

Nashik
Insurance Underwriter
1 - 6 years exp.
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₹0.2 L/yr - ₹2.2 L/yr

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Insurance Underwriter Salary By Industries

Industries Avg. annual salary

Financial Services

Insurance Underwriter
1 - 9 years exp.
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₹1.8 L/yr - ₹13 L/yr

Insurance

Insurance Underwriter
1 - 9 years exp.
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₹2.1 L/yr - ₹12 L/yr

Banking / Insurance / Accounting

Insurance Underwriter
1 - 7 years exp.
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₹1.1 L/yr - ₹7.2 L/yr

IT Services & Consulting

Insurance Underwriter
1 - 7 years exp.
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₹2.2 L/yr - ₹4.5 L/yr

Analytics & KPO

Insurance Underwriter
1 - 8 years exp.
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₹3 L/yr - ₹5.3 L/yr

View More

Frequently Asked Questions (FAQS) about Insurance Underwriter Salaries

What is the salary of a Insurance Underwriter in India?
The salary of a Insurance Underwriter in India varies based on experience, location, company & Industry. On average, Insurance Underwriter salaries ranges from ₹1.2 Lakhs to ₹13.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹1.2 Lakhs to ₹13.0 Lakhs per year, with the highest salary reaching ₹ Lakhs to ₹ Lakh per year. Salary estimates are based on 80 salaries received from various Insurance Underwriters across industries.
What are the top paying cities for Insurance Underwriter in India?
The annual salary for Insurance Underwriter in India varies by location. Top paying cities for Insurance Underwriter are
Insurance Underwriter Salary in Mumbai ₹1.8 Lakhs to ₹7.0 Lakhs per year
Insurance Underwriter Salary in New Delhi ₹1.1 Lakhs to ₹12.0 Lakhs per year
Insurance Underwriter Salary in Pune ₹1.4 Lakhs to ₹5.3 Lakhs per year
Insurance Underwriter Salary in Bangalore / Bengaluru ₹2.1 Lakhs to ₹5.6 Lakhs per year
Insurance Underwriter Salary in Nashik ₹0.2 Lakhs to ₹2.2 Lakhs per year
Salary expectations for Insurance Underwriter may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Insurance Underwriter in India?
Top 5 paying Industries for Insurance Underwriter in India are:
Insurance Underwriter Salary in Financial Services ₹1.8 Lakhs to ₹13.0 Lakhs per year
Insurance Underwriter Salary in Insurance ₹2.1 Lakhs to ₹12.0 Lakhs per year
Insurance Underwriter Salary in Banking / Insurance / Accounting ₹1.1 Lakhs to ₹7.2 Lakhs per year
Insurance Underwriter Salary in IT Services & Consulting ₹2.2 Lakhs to ₹4.5 Lakhs per year
Insurance Underwriter Salary in Analytics & KPO ₹3.0 Lakhs to ₹5.3 Lakhs per year
How does experience affect salaries of a Insurance Underwriter in India?
Experience significantly impacts a Insurance Underwriter salary in India. Salaries increase with experience, as Insurance Underwriter take on more complex tasks, responsibilities, and leadership roles. Insurance Underwriter salary at different experience level are as follows:
Experience Average Salary Range
1 year ₹1.5 Lakhs to ₹5.0 Lakhs per year
2 years ₹2.5 Lakhs to ₹5.0 Lakhs per year
3 years ₹1.1 Lakhs to ₹14.0 Lakhs per year
4 years ₹2.7 Lakhs to ₹13.0 Lakhs per year
and so on.

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