Senior Associate Underwriter

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Senior Associate Underwriter Salary in India (Updated 2025)

based on 64 latest salaries • updated: 1 Mar 2025
Select an experience to get the exact salary

Annual salary range

₹3.3 Lakhs - ₹9.5 Lakhs

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Senior Associate Underwriter Salary in India ranges between ₹3.3 Lakhs to ₹9.5 Lakhs for 2 years of experience to 9 years of experience. Salary estimates are based on 64 latest salaries received from Senior Associate... Read More

Latest annual salaries shared by Senior Associate Underwriters

4d ago

Starteck Finance

Senior Associate Underwriter

4 years exp.

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2w ago

VERITY GLOBAL SOLUTIONS

Senior Associate Underwriter

8 years exp.

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3w ago

World Network Services

Senior Associate Underwriter

4 years exp.

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1mo ago

Digit Insurance

Senior Associate Underwriter

2 years exp.

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2mo ago

Quatrro Mortgage Solutions

Senior Associate Underwriter

6 years exp.

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2mo ago

CARS24

Senior Associate Underwriter

3 years exp.

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3mo ago

Carelon Global Solutions

Senior Associate Underwriter

5 years exp.

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4mo ago

SBI Life Insurance Company

Senior Associate Underwriter

8 years exp.

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5mo ago

IndiaFirst Life Insurance

Senior Associate Underwriter

5 years exp.

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5mo ago

SitusAMC

Senior Associate Underwriter

9 years exp.

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Senior Associate Underwriter salaries by

Years of experience Avg. annual salary
2 years
(9 salaries)
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₹3.3 L/yr - ₹9 L/yr

3 years
(9 salaries)
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₹4 L/yr - ₹6 L/yr

4 years
(9 salaries)
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₹3 L/yr - ₹6.2 L/yr

5 years
(10 salaries)
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₹3.7 L/yr - ₹6.7 L/yr

6 years
(8 salaries)
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₹5 L/yr - ₹8 L/yr

View all salaries by experience

Similar Designation Salary

Similar Designation Avg. annual salary
Senior Associate Salary
2 - 10 years exp.
(2.4L salaries)
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₹2.3 L/yr - ₹23 L/yr

Associate Manager Salary
3 - 15 years exp.
(58.4k salaries)
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₹4.3 L/yr - ₹30 L/yr

Senior Process Associate Salary
2 - 7 years exp.
(50.8k salaries)
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₹2.1 L/yr - ₹6 L/yr

Senior Manager Salary
6 - 20 years exp.
(1.7L salaries)
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₹7.1 L/yr - ₹40.8 L/yr

Senior Executive Salary
2 - 11 years exp.
(2.5L salaries)
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₹2.4 L/yr - ₹9.5 L/yr

View more similar designations

Senior Associate Underwriter Salary By Locations

Locations Avg. annual salary
Pune
Senior Associate Underwriter
2 - 9 years exp.
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₹3 L/yr - ₹9 L/yr

Mumbai
Senior Associate Underwriter
2 - 9 years exp.
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₹4 L/yr - ₹7.5 L/yr

Bangalore / Bengaluru
Senior Associate Underwriter
2 - 9 years exp.
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₹4.3 L/yr - ₹9.5 L/yr

Hyderabad / Secunderabad
Senior Associate Underwriter
3 - 9 years exp.
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₹6 L/yr - ₹9.5 L/yr

Chennai
Senior Associate Underwriter
2 - 6 years exp.
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₹3.5 L/yr - ₹5.1 L/yr

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Senior Associate Underwriter Salary By Industries

Industries Avg. annual salary

Financial Services

Senior Associate Underwriter
2 - 8 years exp.
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₹3 L/yr - ₹6.8 L/yr

Insurance

Senior Associate Underwriter
2 - 8 years exp.
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₹3 L/yr - ₹6.1 L/yr

BPO

Senior Associate Underwriter
2 - 9 years exp.
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₹4.5 L/yr - ₹7.5 L/yr

BPO/KPO

Senior Associate Underwriter
2 - 9 years exp.
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₹4.5 L/yr - ₹7.5 L/yr

Internet

Senior Associate Underwriter
2 - 9 years exp.
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₹4.3 L/yr - ₹9.5 L/yr

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Frequently Asked Questions (FAQS) about Senior Associate Underwriter Salaries

What is the salary of a Senior Associate Underwriter in India?
The salary of a Senior Associate Underwriter in India varies based on experience, location, company & Industry. On average, Senior Associate Underwriter salaries ranges from ₹3.3 Lakhs to ₹9.5 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹3.3 Lakhs to ₹9.5 Lakhs per year, with the highest salary reaching ₹ Lakhs to ₹ Lakh per year. Salary estimates are based on 64 salaries received from various Senior Associate Underwriters across industries.
What are the top paying cities for Senior Associate Underwriter in India?
The annual salary for Senior Associate Underwriter in India varies by location. Top paying cities for Senior Associate Underwriter are
Senior Associate Underwriter Salary in Pune ₹3.0 Lakhs to ₹9.0 Lakhs per year
Senior Associate Underwriter Salary in Mumbai ₹4.0 Lakhs to ₹7.5 Lakhs per year
Senior Associate Underwriter Salary in Bangalore / Bengaluru ₹4.3 Lakhs to ₹9.5 Lakhs per year
Senior Associate Underwriter Salary in Hyderabad / Secunderabad ₹6.0 Lakhs to ₹9.5 Lakhs per year
Senior Associate Underwriter Salary in Chennai ₹3.5 Lakhs to ₹5.1 Lakhs per year
Salary expectations for Senior Associate Underwriter may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Senior Associate Underwriter in India?
Top 5 paying Industries for Senior Associate Underwriter in India are:
Senior Associate Underwriter Salary in Financial Services ₹3.0 Lakhs to ₹6.8 Lakhs per year
Senior Associate Underwriter Salary in Insurance ₹3.0 Lakhs to ₹6.1 Lakhs per year
Senior Associate Underwriter Salary in BPO ₹4.5 Lakhs to ₹7.5 Lakhs per year
Senior Associate Underwriter Salary in BPO/KPO ₹4.5 Lakhs to ₹7.5 Lakhs per year
Senior Associate Underwriter Salary in Internet ₹4.3 Lakhs to ₹9.5 Lakhs per year
How does experience affect salaries of a Senior Associate Underwriter in India?
Experience significantly impacts a Senior Associate Underwriter salary in India. Salaries increase with experience, as Senior Associate Underwriter take on more complex tasks, responsibilities, and leadership roles. Senior Associate Underwriter salary at different experience level are as follows:
Experience Average Salary Range
2 years ₹3.3 Lakhs to ₹9.0 Lakhs per year
3 years ₹4.0 Lakhs to ₹6.0 Lakhs per year
4 years ₹3.0 Lakhs to ₹6.2 Lakhs per year
5 years ₹3.7 Lakhs to ₹6.7 Lakhs per year
and so on.

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