Underwriter
Annual salary range
₹1.6 Lakh - ₹9 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
Filter salaries byUnderwriter Salary in Banking in India
based on 82
latest salaries
• updated:
20 Dec 2024
Select an experience to get the exact salary
Salary of majority employees
Experience wise Underwriter salaries
| Years of experience | Avg. Annual Salary |
|---|---|
1
year
(7
salaries)
|  ₹1.8 L/yr - ₹7.9 L/yr |
2
years
(12
salaries)
| ₹1.6 L/yr - ₹8.5 L/yr |
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| |
3
years
(13
salaries)
| ₹2 L/yr - ₹6.5 L/yr |
4
years
(15
salaries)
| ₹1.6 L/yr - ₹6.6 L/yr |
5
years
(17
salaries)
| ₹1.6 L/yr - ₹8 L/yr |
View all salaries by experience
Underwriter Salary in
India ranges between ₹1.6
Lakh to ₹9
Lakhs for
1 year of experience to 8 years of experience
. Salary estimates are based on
82 latest salaries received
from Underwriter.
See latest salaries
Underwriter salaries in different departments
| Department | Avg Annual Salary |
|---|---|
Customer Success, Service & Operations
Underwriter Salary
2 - 8
years
exp.
(22
salaries)
| ₹1.6 L/yr - ₹8 L/yr |
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| |
BFSI, Investments & Trading
Underwriter Salary
2 - 8
years
exp.
(12
salaries)
| ₹2.2 L/yr - ₹9 L/yr |
View all departments salaries
Explore on this page
Top paying companies
Popular companies
Jobs
available
Similar designations
Salary related reviews
Top interview questions
Latest annual salaries shared by Underwriters
1d ago
Bandhan Bank
Underwriter
5 years exp.
1d ago
Ascendum Solutions
Underwriter
4 years exp.
1d ago
Prest Loans (Asaf Ali Road)
Underwriter
4 years exp.
2d ago
Gss Informatics
Underwriter
4 years exp.
2d ago
HDFC Bank
Underwriter
6 years exp.
3d ago
EXL Service
Underwriter
4 years exp.
3d ago
Tata AIG
Underwriter
1 year exp.
4d ago
Genpact
Underwriter
1 year exp.
5d ago
SitusAMC
Underwriter
7 years exp.
5d ago
Care Health Insurance
Underwriter
1 year exp.
View all latest salaries
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
| | 1 job opening | |
| | 3 job openings | |
| | ||
| | ||
| | 1 job opening | |
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| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
1 -
9
yrs
exp.
(26 salaries)
|
₹1.3 L/yr - ₹11 L/yr | |
3 -
12
yrs
exp.
(14 salaries)
|
₹5 L/yr - ₹8 L/yr | |
Login to view exact salary
| ||
3 -
9
yrs
exp.
(7 salaries)
|
₹5.8 L/yr - ₹8 L/yr | |
2 -
6
yrs
exp.
(7 salaries)
|
₹3.6 L/yr - ₹5.8 L/yr | |
2 -
4
yrs
exp.
(5 salaries)
|
₹3.8 L/yr - ₹6.3 L/yr | |
4 -
10
yrs
exp.
(5 salaries)
|
₹3.1 L/yr - ₹5.8 L/yr | 2 job openings |
2 -
5
yrs
exp.
(4 salaries)
|
₹2.8 L/yr - ₹5.1 L/yr | |
1 -
4
yrs
exp.
(4 salaries)
|
₹2.3 L/yr - ₹9.6 L/yr | |
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| ||
1 -
12
yrs
exp.
(4 salaries)
|
₹5.3 L/yr - ₹14 L/yr | |
1 -
5
yrs
exp.
(4 salaries)
|
₹2 L/yr - ₹4.7 L/yr | |
Underwriter Jobs in India
Underwriter
· 0-5 years
Genpact
Noida
Underwriter
· 2-7 years
Wipro
Chennai
Underwriter
· 2-6 years
HCLTech
₹1
L/yr
- ₹5
L/yr
Chennai
Similar Designation Salaries for Underwriter
| Designations | Avg Annual Salary |
|---|---|
Senior Underwriter Salary
3 -
10
years
exp.
(22 salaries)
| ₹3.7 L/yr - ₹11.7 L/yr |
Mortgage Underwriter Salary
1 -
8
years
exp.
(85 salaries)
| ₹2.9 L/yr - ₹9.2 L/yr |
Login to view exact salary
| |
Associate Salary
0 -
7
years
exp.
(7k salaries)
| ₹1.9 L/yr - ₹23 L/yr |
Manager Salary
4 -
16
years
exp.
(38.4k salaries)
| ₹5.1 L/yr - ₹20.1 L/yr |
Analyst Salary
0 -
6
years
exp.
(18.5k salaries)
| ₹2.4 L/yr - ₹12.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriter
HDFC Bank
Manager
• posted on 11 Nov 2023
Likes
Brand only, timely salary,
Dislikes
No work life balance, Full time work, over work, Unsatisfactory appraisal,very less increments
HDFC Bank
Senior Manager
• posted on 03 Sep 2023
Likes
Fast-paced environment, aggressive way of doing business, good flow of communication, pay and perks, travel allowances are liberal. Good for people who like to own responsibility and portfolio of business.
read moreDislikes
Work-life balance, workload, inter-departmental friction, burnout in a few years.
HDFC Bank
Manager
• posted on 17 Jun 2024
Likes
Very good bank you employees who is starting their career
Dislikes
Salary and compensation, work life balance
HDFC Bank
Senior Manager
• posted on 09 Aug 2023
Likes
Very meticulous processes helps in following banking operations compliance
Dislikes
Salary packages is less , increment is very less
HDFC Bank
Team Lead
• posted on 04 Jul 2023
Likes
Work culture is familiar and very supportive and learning environment . Senior are always available for your support and they are backbone for you
read moreDislikes
Bonus part
Top skills for Underwriter
Underwriter Salary By Locations
| Locations | Avg Annual Salary |
|---|---|
Bangalore / Bengaluru
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
Mumbai
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
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| |
Pune
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
Chennai
Underwriter
1 -
8
years
exp.
| ₹2 L/yr - ₹9.3 L/yr |
New Delhi
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
View More
Underwriter Salary In Other Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
BPO
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
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| |
IT Services & Consulting
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
Software Product
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
Insurance
Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
View More
Frequently Asked Questions about Underwriter Salaries
What is the salary of a Underwriter in India?
Salary for a Underwriter in India ranges between ₹1.6 Lakhs to ₹9.0 Lakhs per year. Salary estimates are based on 82 latest salaries received from various Underwriters across industries.
What are the top paying companies that employ Underwriters?
- Tata AIG Underwriter Salary - ₹10.6 Lakhs per year
- SitusAMC Underwriter Salary - ₹7.3 Lakhs per year
- ICICI Lombard General Insurance Company Underwriter Salary - ₹7.2 Lakhs per year
- Altisource Underwriter Salary - ₹6.5 Lakhs per year
- Iffco Tokio General Insurance Co. Underwriter Salary - ₹6.3 Lakhs per year
What is the starting salary for a Underwriter in India?
Average starting Salary for Underwriter in India is around ₹1.6 Lakhs per year (₹13.3k per month). 1 year of minimum experience is required to be a Underwriter.
What is the highest salary for a Underwriter in India?
Highest salary that a Underwriter can earn is ₹15.0 Lakhs per year (₹1.3L per month).
What are the top paying industries for Underwriter in India?
- Software Product - ₹1.2 Lakhs to 94.0 Lakhs per year
- Insurance - ₹1.0 Lakhs to 27.0 Lakhs per year
- Financial Services - ₹0.1 Lakhs to 19.2 Lakhs per year
- IT Services & Consulting - ₹1.2 Lakhs to 250.0 Lakhs per year
- BPO - ₹0.1 Lakhs to 12.2 Lakhs per year
What are the top paying cities for Underwriter in India?
- Bangalore / Bengaluru - ₹2.3 Lakhs to 35.0 Lakhs per year
- Pune - ₹3.4 Lakhs to 15.0 Lakhs per year
- New Delhi - ₹2.0 Lakhs to 6.5 Lakhs per year
- Chennai - ₹1.6 Lakhs to 8.5 Lakhs per year
- Mumbai - ₹2.0 Lakhs to 6.0 Lakhs per year
What are the popular/top skills required to become a Underwriter?
These are the top skills of a Underwriter based on 201 jobs posted by employers.
- Finance
- Compliance
- Market Research
- Insurance
- Medical Underwriting
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Underwriter Interview Questions
based on 50 interviews
Q1.
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Q2.
Where you used your strategic thinking skills
Q3.
What is the role of Underwriter
Q4.
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