Underwriter
Annual salary range
₹1.9 Lakh - ₹10.1 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
AmbitionBox
Search
Reviews
- Reviews
- Salaries
- Interview Questions
- About Company
- Benefits
- Jobs
- Office Photos
- Community
Filter salaries byUnderwriter Salary in Insurance in India (Updated 2025)
based on 463
latest salaries
• updated:
3 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Experience wise Underwriter salaries
| Years of experience | Avg. Annual Salary |
|---|---|
1
year
(79
salaries)
|  ₹1.6 L/yr - ₹10.1 L/yr |
2
years
(83
salaries)
| ₹2 L/yr - ₹9.1 L/yr |
Login to view exact salary
| |
3
years
(99
salaries)
| ₹2.2 L/yr - ₹8.4 L/yr |
4
years
(51
salaries)
| ₹2.3 L/yr - ₹11 L/yr |
5
years
(64
salaries)
| ₹2.1 L/yr - ₹10 L/yr |
View all salaries by experience
Underwriter Salary in
India ranges between ₹1.9
Lakh to ₹10.1
Lakhs for
1 year of experience to 8 years of experience
. Salary estimates are based on
463 latest salaries received
from Underwriter.
See latest salaries
Underwriter salaries in different departments
| Department | Avg Annual Salary |
|---|---|
BFSI, Investments & Trading
Underwriter Salary
1 - 8
years
exp.
(131
salaries)
| ₹1.9 L/yr - ₹10.1 L/yr |
Login to view exact salary
| |
Customer Success, Service & Operations
Underwriter Salary
1 - 8
years
exp.
(93
salaries)
| ₹2 L/yr - ₹8.3 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
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
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
| | ||
| | ||
| | ||
| | ||
| | 3 job openings | |
Is this list helpful? | ||
View more companies
| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
2 -
11
yrs
exp.
(83 salaries)
|
₹2.1 L/yr - ₹9 L/yr | 3 job openings |
1 -
8
yrs
exp.
(62 salaries)
|
₹1.7 L/yr - ₹4.1 L/yr | |
Login to view exact salary
| ||
0 -
3
yrs
exp.
(43 salaries)
|
₹5 L/yr - ₹10 L/yr | |
0 -
5
yrs
exp.
(39 salaries)
|
₹3 L/yr - ₹20 L/yr | |
1 -
16
yrs
exp.
(28 salaries)
|
₹2 L/yr - ₹15 L/yr | 1 job opening |
0 -
5
yrs
exp.
(25 salaries)
|
₹2.1 L/yr - ₹6 L/yr | |
1 -
8
yrs
exp.
(25 salaries)
|
₹1.3 L/yr - ₹11 L/yr | |
1 -
12
yrs
exp.
(25 salaries)
|
₹2.5 L/yr - ₹7.3 L/yr | |
Login to view exact salary
| ||
0 -
6
yrs
exp.
(18 salaries)
|
₹2.5 L/yr - ₹5.2 L/yr | |
0 -
5
yrs
exp.
(17 salaries)
|
₹1.8 L/yr - ₹4.7 L/yr | |
Underwriter Jobs in India
Underwriter
· 0-3 years
Genpact
Gurgaon / Gurugram
Underwriter
· 1-3 years
BAJAJ FINANCIAL SECURITIES LIMITED
Indore
Underwriter
· 5-6 years
General Mills, Inc.
Mumbai
Similar Designation Salaries for Underwriter
| Designations | Avg Annual Salary |
|---|---|
Senior Underwriter Salary
3 -
11
years
exp.
(69 salaries)
| ₹3 L/yr - ₹9.5 L/yr |
Mortgage Underwriter Salary
1 -
8
years
exp.
(105 salaries)
| ₹3 L/yr - ₹7.6 L/yr |
Login to view exact salary
| |
Associate Salary
1 -
7
years
exp.
(3.5k salaries)
| ₹1.7 L/yr - ₹4.8 L/yr |
Analyst Salary
0 -
6
years
exp.
(2.3k salaries)
| ₹2.7 L/yr - ₹10.6 L/yr |
Manager Salary
4 -
16
years
exp.
(14.3k salaries)
| ₹5 L/yr - ₹16 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriter
Tata AIG
Associate
• posted on 03 Aug 2023
Likes
Well it's a good place for fresher to start with
- Job security - Excellent
+2 more
Dislikes
The salary part only the on roll people have all the benefits & about promotion & hike only on roll people get all the cream and salarier are just average not much & promotion and all that takes a very long time
read more- Promotions - Bad
ICICI Lombard General Insurance Company
Associate
• posted on 03 Sep 2021
Likes
...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.
read more- Salary - Excellent
+6 more
Mphasis
Associate
• posted on 10 Dec 2019
Likes
Its a very good learning platform for freshers Work station was very beneficial with all the necessary requirements to gain product knowledge. It was great experience working with Mphasis.
read more- Salary - Good
+5 more
Dislikes
There was nothing like it is not proper according to me but I think interms of salary there was little issue hike was less that's it
read moreStar Health & Allied Insurance
Underwriting Manager
• posted on 13 Jun 2021
Likes
... policy condition very good and I'm proud that I work in star health company...Every year appraisal fair and they give good salary
read more- Salary - Excellent
+6 more
Dislikes
There is no dislike
ICICI Lombard General Insurance Company
Senior Manager
• posted on 14 Jun 2022
Likes
The company will do good expense on employee apart from Salary.
- Salary - Good
+2 more
Dislikes
Slow Growth... Too much non productive work.
- Promotions - Bad
Top skills for Underwriter
Underwriter Salary By Locations
| Locations | Avg Annual Salary |
|---|---|
Bangalore / Bengaluru
Underwriter
1 -
8
years
exp.
| ₹2.3 L/yr - ₹9.2 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 L/yr - ₹8.9 L/yr |
View More
Underwriter Salary In Other Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Underwriter
1 -
8
years
exp.
| ₹2 L/yr - ₹10 L/yr |
BPO
Underwriter
1 -
8
years
exp.
| ₹2.5 L/yr - ₹9.1 L/yr |
Login to view exact salary
| |
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 |
Analytics & KPO
Underwriter
1 -
8
years
exp.
| ₹1.8 L/yr - ₹7.3 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 ₹1.9 Lakhs to ₹10.1 Lakhs per year. Salary estimates are based on 463 latest salaries received from various Underwriters across industries.
What are the top paying companies that employ Underwriters?
- Tata AIG Underwriter Salary - ₹9.9 Lakhs per year
- SitusAMC Underwriter Salary - ₹7.5 Lakhs per year
- ICICI Lombard General Insurance Company Underwriter Salary - ₹7.3 Lakhs per year
- Altisource Underwriter Salary - ₹6.6 Lakhs per year
- Mphasis Underwriter Salary - ₹6.0 Lakhs per year
What is the starting salary for a Underwriter in India?
Average starting Salary for Underwriter in India is around ₹1.9 Lakhs per year (₹15.8k 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 ₹17.1 Lakhs per year (₹1.4L 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 11.5 Lakhs per year
What are the top paying cities for Underwriter in India?
- Mumbai - ₹1.8 Lakhs to 27.0 Lakhs per year
- Bangalore / Bengaluru - ₹1.5 Lakhs to 21.0 Lakhs per year
- Pune - ₹1.6 Lakhs to 12.7 Lakhs per year
- New Delhi - ₹2.0 Lakhs to 11.0 Lakhs per year
- Chennai - ₹1.8 Lakhs to 9.6 Lakhs per year
What are the popular/top skills required to become a Underwriter?
These are the top skills of a Underwriter based on 139 jobs posted by employers.
- Finance
- Compliance
- Market Research
- Insurance
- Medical Underwriting
Tell us how to improve this page.
Popular Calculators
Q1. What is general insurance and are life insurance part of general insurance
View answer (1) - Home >
- Salaries >
- Underwriter Salary >
- Underwriter Salary in Insurance Companies
Rate your company