Senior Underwriting Manager
Annual salary range
₹6 Lakhs - ₹30 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Filter salaries bySenior Underwriting Manager Salary in India (Updated 2025)
based on 70
latest salaries
• updated:
19 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Senior Underwriting Manager Salary in India ranges between ₹6 Lakhs to ₹30 Lakhs for 4 years of experience to 18 years of experience. Salary estimates are based on 70 latest salaries received from Senior Underwriting...
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
1 -
5
yrs
exp.
(6 salaries)
|
₹6 L/yr - ₹11.1 L/yr | |
10 -
12
yrs
exp.
(5 salaries)
|
₹18 L/yr - ₹22 L/yr | |
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| ||
17 -
21
yrs
exp.
(4 salaries)
|
₹14.7 L/yr - ₹19.1 L/yr | |
8 -
17
yrs
exp.
(4 salaries)
|
₹13.5 L/yr - ₹18 L/yr | |
11 -
16
yrs
exp.
(4 salaries)
|
₹16.5 L/yr - ₹32 L/yr | |
3 -
16
yrs
exp.
(4 salaries)
|
₹8 L/yr - ₹8.4 L/yr | |
10 -
15
yrs
exp.
(3 salaries)
|
₹10 L/yr - ₹11.8 L/yr | |
6 -
14
yrs
exp.
(3 salaries)
|
₹7.8 L/yr - ₹12.5 L/yr | |
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| ||
11 -
20
yrs
exp.
(3 salaries)
|
₹10 L/yr - ₹21 L/yr | |
Senior Underwriting Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
4
years
(5
salaries)
|  ₹5 L/yr - ₹11.1 L/yr |
5
years
(4
salaries)
| ₹5.4 L/yr - ₹8.2 L/yr |
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| |
6
years
(2
salaries)
| ₹8.9 L/yr - ₹12.5 L/yr |
7
years
(2
salaries)
| ₹7.5 L/yr - ₹7.8 L/yr |
8
years
(4
salaries)
| ₹8 L/yr - ₹15 L/yr |
View all salaries by experience
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Underwriting Manager Salary
2 -
14
years
exp.
(333 salaries)
| ₹3.3 L/yr - ₹19.9 L/yr |
Senior Underwriter Salary
3 -
11
years
exp.
(858 salaries)
| ₹3.6 L/yr - ₹14 L/yr |
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| |
Senior Manager Salary
6 -
20
years
exp.
(1.7L salaries)
| ₹7.1 L/yr - ₹40.8 L/yr |
Regional Credit Manager Salary
5 -
18
years
exp.
(2k salaries)
| ₹7.2 L/yr - ₹30 L/yr |
Underwriting Analyst Salary
0 -
7
years
exp.
(586 salaries)
| ₹2.9 L/yr - ₹9.5 L/yr |
View more similar designations
Senior Underwriting Manager Salary By Locations
| Locations | Avg. annual salary |
|---|---|
Mumbai
Senior Underwriting Manager
4 -
18
years
exp.
| ₹8 L/yr - ₹28 L/yr |
Bangalore / Bengaluru
Senior Underwriting Manager
4 -
15
years
exp.
| ₹11.1 L/yr - ₹30 L/yr |
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| |
New Delhi
Senior Underwriting Manager
10 -
17
years
exp.
| ₹17 L/yr - ₹22 L/yr |
Pune
Senior Underwriting Manager
9 -
15
years
exp.
| ₹10 L/yr - ₹13 L/yr |
Gurgaon / Gurugram
Senior Underwriting Manager
4 -
8
years
exp.
| ₹5 L/yr - ₹13 L/yr |
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Senior Underwriting Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Senior Underwriting Manager
4 -
18
years
exp.
| ₹7.7 L/yr - ₹25 L/yr |
Insurance Senior Underwriting Manager
4 -
18
years
exp.
| ₹6 L/yr - ₹22 L/yr |
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| |
Banking / Insurance / Accounting Senior Underwriting Manager
4 -
17
years
exp.
| ₹8 L/yr - ₹25 L/yr |
IT Services & Consulting Senior Underwriting Manager
10 -
15
years
exp.
| ₹17 L/yr - ₹30 L/yr |
Consulting Senior Underwriting Manager
10 -
13
years
exp.
| ₹17 L/yr - ₹22 L/yr |
View More
Frequently Asked Questions (FAQS) about Senior Underwriting Manager Salaries
What is the salary of a Senior Underwriting Manager in India?
The salary of a Senior Underwriting Manager in India varies based on experience, location, company & Industry.
On average, Senior Underwriting Manager salaries ranges from ₹6.0 Lakhs to ₹30.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹6.0 Lakhs to ₹30.0 Lakhs per year, with the highest salary reaching ₹ Lakhs to ₹ Lakh per year. Salary estimates are based on 70 salaries received from various Senior Underwriting Managers across industries.
The average starting salary is around ₹6.0 Lakhs to ₹30.0 Lakhs per year, with the highest salary reaching ₹ Lakhs to ₹ Lakh per year. Salary estimates are based on 70 salaries received from various Senior Underwriting Managers across industries.
What are the top paying cities for Senior Underwriting Manager in India?
The annual salary for Senior Underwriting Manager in India varies by location. Top paying cities for Senior Underwriting Manager are
Salary expectations for Senior Underwriting Manager may vary based on job roles, experience, and specific employer requirements.
| Senior Underwriting Manager Salary in Mumbai | ₹8.0 Lakhs to ₹28.0 Lakhs per year |
| Senior Underwriting Manager Salary in Bangalore / Bengaluru | ₹11.1 Lakhs to ₹30.0 Lakhs per year |
| Senior Underwriting Manager Salary in New Delhi | ₹17.0 Lakhs to ₹22.0 Lakhs per year |
| Senior Underwriting Manager Salary in Pune | ₹10.0 Lakhs to ₹13.0 Lakhs per year |
| Senior Underwriting Manager Salary in Gurgaon / Gurugram | ₹5.0 Lakhs to ₹13.0 Lakhs per year |
What are the top paying industries for Senior Underwriting Manager in India?
Top 5 paying Industries for Senior Underwriting Manager in India are:
| Senior Underwriting Manager Salary in Financial Services | ₹7.7 Lakhs to ₹25.0 Lakhs per year |
| Senior Underwriting Manager Salary in Insurance | ₹6.0 Lakhs to ₹22.0 Lakhs per year |
| Senior Underwriting Manager Salary in Banking / Insurance / Accounting | ₹8.0 Lakhs to ₹25.0 Lakhs per year |
| Senior Underwriting Manager Salary in IT Services & Consulting | ₹17.0 Lakhs to ₹30.0 Lakhs per year |
| Senior Underwriting Manager Salary in Consulting | ₹17.0 Lakhs to ₹22.0 Lakhs per year |
How does experience affect salaries of a Senior Underwriting Manager in India?
Experience significantly impacts a Senior Underwriting Manager salary in India. Salaries increase with experience, as Senior Underwriting Manager take on more complex tasks, responsibilities, and leadership roles.
Senior Underwriting Manager salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 4 years | ₹5.0 Lakhs to ₹11.1 Lakhs per year |
| 5 years | ₹5.4 Lakhs to ₹8.2 Lakhs per year |
| 6 years | ₹8.9 Lakhs to ₹12.5 Lakhs per year |
| 7 years | ₹7.5 Lakhs to ₹7.8 Lakhs per year |
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