Underwriter
Annual salary range
₹2 Lakhs - ₹9.5 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byUnderwriter Salary in India (Updated 2025)
based on 2.1k
latest salaries
• updated:
19 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Underwriter Salary in India ranges between ₹2 Lakhs to ₹9.5 Lakhs for 1 year of experience to 8 years of experience. Salary estimates are based on 2.1k latest salaries received from Underwriter.
Explore on this page
Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
Tata AIG Underwriter Salary
3 years exp |  | |
| | ||
 Underwriter Salary
3 years exp | | |
 Underwriter Salary
3 years exp | | |
 Underwriter Salary
3 years exp | | |
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
2 -
7
yrs
exp.
(14 salaries)
|
₹3.7 L/yr - ₹7 L/yr | |
2 -
6
yrs
exp.
(14 salaries)
|
₹3.5 L/yr - ₹5.2 L/yr | |
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| ||
1 -
7
yrs
exp.
(14 salaries)
|
₹6 L/yr - ₹9 L/yr | |
2 -
5
yrs
exp.
(14 salaries)
|
₹3 L/yr - ₹5.9 L/yr | |
0 -
4
yrs
exp.
(13 salaries)
|
₹2 L/yr - ₹6 L/yr | |
0 -
7
yrs
exp.
(13 salaries)
|
₹3 L/yr - ₹7.2 L/yr | |
1 -
10
yrs
exp.
(13 salaries)
|
₹2.8 L/yr - ₹12.7 L/yr | |
1 -
10
yrs
exp.
(12 salaries)
|
₹4.2 L/yr - ₹8.5 L/yr | |
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| ||
1 -
8
yrs
exp.
(12 salaries)
|
₹2.5 L/yr - ₹5.2 L/yr | |
0 -
3
yrs
exp.
(12 salaries)
|
₹3 L/yr - ₹8 L/yr | |
Latest annual salaries shared by Underwriters
1d ago
Stanvac Systems
Underwriter
4 years exp.
2d ago
Kreditstack Financial Services
Underwriter
6 years exp.
2d ago
Gallagher
Underwriter
5 years exp.
2d ago
Homeward
Underwriter
8 years exp.
3d ago
Bajaj Finance
Underwriter
6 years exp.
3d ago
Swiss Re
Underwriter
1 year exp.
4d ago
Techtitans Solutions
Underwriter
3 years exp.
5d ago
Accenture
Underwriter
2 years exp.
5d ago
Mphasis
Underwriter
3 years exp.
5d ago
Ocwen Financial Solutions
Underwriter
6 years exp.
View all latest salaries
Underwriter salaries by
| Years of experience | Avg. annual salary |
|---|---|
1
year
(304
salaries)
| ₹1.5 L/yr - ₹8 L/yr |
2
years
(336
salaries)
| ₹1.6 L/yr - ₹8 L/yr |
Login to view exact salary
| |
3
years
(356
salaries)
| ₹2.2 L/yr - ₹8.3 L/yr |
4
years
(332
salaries)
| ₹2.4 L/yr - ₹10 L/yr |
5
years
(299
salaries)
| ₹2.4 L/yr - ₹10.2 L/yr |
View all salaries by experience
Underwriter Jobs in India
Underwriter
· 4-9 years
Max Life Insurance Company Limited
Gurgaon / Gurugram
Underwriter
· 1-3 years
BAJAJ FINANCIAL SECURITIES LIMITED
Indore
Underwriter
· 0-3 years
Genpact
Gurgaon / Gurugram
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Senior Underwriter Salary
3 -
11
years
exp.
(853 salaries)
| ₹3.6 L/yr - ₹14 L/yr |
Associate Salary
0 -
8
years
exp.
(2.3L salaries)
| ₹1.9 L/yr - ₹16.6 L/yr |
Login to view exact salary
| |
Analyst Salary
0 -
6
years
exp.
(1.7L salaries)
| ₹2.1 L/yr - ₹13.5 L/yr |
Mortgage Underwriter Salary
1 -
8
years
exp.
(2k salaries)
| ₹2 L/yr - ₹8.5 L/yr |
Manager Salary
4 -
16
years
exp.
(3.2L salaries)
| ₹4 L/yr - ₹31.9 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriter
Accenture
Analyst
• posted on 25 Jan 2025
Likes
Company is good for salary but work life balance is too bad working hours is too long no fixed time daily working hours should be more than 12 hours.
read more- Salary - Good
+1 more
Dislikes
Work life balance , no social Indian culture festivals celebration on any occasions this is too bad
- Work satisfaction - Bad
+2 more
EXL Service
Senior Manager
• posted on 20 Dec 2024
ICICI Lombard General Insurance Company
Senior Manager
• posted on 27 Sep 2024
Likes
Good salary compared to other competitors.
- Salary - Good
+1 more
Dislikes
On our week off too, we are worried about reporting day. Already pending work is there. Mentally it is very difficult because of mis management.
read more- Work satisfaction - Bad
+2 more
Genpact
Manager
• posted on 06 Dec 2024
Likes
One can expect work-life balance in most of the teams.
- Work-life balance - Good
Dislikes
People sitting at leadership level are extremely toxic. Too much politics, almost no compensation hikes, the promotions are not based on credibility.
read more- Skill development - Bad
+4 more
Firstsource Solutions
Team Lead
• posted on 16 Jan 2025
Likes
Nice Work invironment , Fun at work , employee's respect at work
- Skill development - Excellent
+4 more
Dislikes
Low salary , Low Salary and Low Salary.....
Top skills for Underwriter
Underwriter Salary By Locations
| Locations | Avg. annual salary |
|---|---|
Bangalore / Bengaluru
Underwriter
1 -
8
years
exp.
| ₹2.3 L/yr - ₹9 L/yr |
Mumbai
Underwriter
1 -
8
years
exp.
| ₹2 L/yr - ₹11 L/yr |
Login to view exact salary
| |
Pune
Underwriter
1 -
8
years
exp.
| ₹2 L/yr - ₹9.5 L/yr |
Chennai
Underwriter
1 -
8
years
exp.
| ₹1.8 L/yr - ₹8.5 L/yr |
New Delhi
Underwriter
1 -
8
years
exp.
| ₹2.1 L/yr - ₹8.9 L/yr |
View More
Underwriter Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Underwriter
1 -
8
years
exp.
| ₹2 L/yr - ₹10 L/yr |
Insurance Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹10.1 L/yr |
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| |
BPO Underwriter
1 -
8
years
exp.
| ₹2.5 L/yr - ₹9.1 L/yr |
IT Services & Consulting Underwriter
1 -
8
years
exp.
| ₹1.8 L/yr - ₹8 L/yr |
Software Product Underwriter
1 -
8
years
exp.
| ₹1.9 L/yr - ₹9.3 L/yr |
View More
Frequently Asked Questions (FAQS) about Underwriter Salaries
What is the salary of a Underwriter in India?
The salary of a Underwriter in India varies based on experience, location, company & Industry.
On average, Underwriter salaries ranges from ₹2.0 Lakhs to ₹9.5 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.0 Lakhs to ₹9.5 Lakhs per year, with the highest salary reaching ₹6.7 Lakhs to ₹16.4 Lakhs per year. Salary estimates are based on 2.1k salaries received from various Underwriters across industries.
The average starting salary is around ₹2.0 Lakhs to ₹9.5 Lakhs per year, with the highest salary reaching ₹6.7 Lakhs to ₹16.4 Lakhs per year. Salary estimates are based on 2.1k salaries received from various Underwriters across industries.
What are the top paying companies that employ Underwriters?
Underwriter Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| Tata AIG Underwriter Salary | ₹6.7 Lakhs to ₹16.4 Lakhs per year |
| ICICI Lombard General Insurance Company Underwriter Salary | ₹6 Lakhs to ₹8.4 Lakhs per year |
| SitusAMC Underwriter Salary | ₹4.5 Lakhs to ₹8.5 Lakhs per year |
| VERITY GLOBAL SOLUTIONS Underwriter Salary | ₹4 Lakhs to ₹8.8 Lakhs per year |
| Firstsource Solutions Underwriter Salary | ₹3 Lakhs to ₹7.7 Lakhs per year |
What are the top paying cities for Underwriter in India?
The annual salary for Underwriter in India varies by location. Top paying cities for Underwriter are
Salary expectations for Underwriter may vary based on job roles, experience, and specific employer requirements.
| Underwriter Salary in Bangalore / Bengaluru | ₹2.3 Lakhs to ₹9.0 Lakhs per year |
| Underwriter Salary in Mumbai | ₹2.0 Lakhs to ₹11.0 Lakhs per year |
| Underwriter Salary in Pune | ₹2.0 Lakhs to ₹9.5 Lakhs per year |
| Underwriter Salary in Chennai | ₹1.8 Lakhs to ₹8.5 Lakhs per year |
| Underwriter Salary in New Delhi | ₹2.1 Lakhs to ₹8.9 Lakhs per year |
What are the top paying industries for Underwriter in India?
Top 5 paying Industries for Underwriter in India are:
| Underwriter Salary in Financial Services | ₹2.0 Lakhs to ₹10.0 Lakhs per year |
| Underwriter Salary in Insurance | ₹1.9 Lakhs to ₹10.1 Lakhs per year |
| Underwriter Salary in BPO | ₹2.5 Lakhs to ₹9.1 Lakhs per year |
| Underwriter Salary in IT Services & Consulting | ₹1.8 Lakhs to ₹8.0 Lakhs per year |
| Underwriter Salary in Software Product | ₹1.9 Lakhs to ₹9.3 Lakhs per year |
How does experience affect salaries of a Underwriter in India?
Experience significantly impacts a Underwriter salary in India. Salaries increase with experience, as Underwriter take on more complex tasks, responsibilities, and leadership roles.
Underwriter salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹1.5 Lakhs to ₹8.0 Lakhs per year |
| 2 years | ₹1.6 Lakhs to ₹8.0 Lakhs per year |
| 3 years | ₹2.2 Lakhs to ₹8.3 Lakhs per year |
| 4 years | ₹2.4 Lakhs to ₹10.0 Lakhs per year |
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