Underwriter
Annual salary range
₹1.8 Lakh - ₹11 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 Insurance in India
based on 398
latest salaries
• updated:
5 Feb 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
(74
salaries)
| ₹2 L/yr - ₹9.3 L/yr |
Login to view exact salary
| |
3
years
(83
salaries)
| ₹2 L/yr - ₹9 L/yr |
4
years
(46
salaries)
| ₹2.3 L/yr - ₹11 L/yr |
5
years
(54
salaries)
| ₹1.8 L/yr - ₹10.2 L/yr |
View all salaries by experience
Underwriter Salary in
India ranges between ₹1.8
Lakh to ₹11
Lakhs for
1 year of experience to 8 years of experience
. Salary estimates are based on
398 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.
(126
salaries)
| ₹1.8 L/yr - ₹11 L/yr |
Login to view exact salary
| |
Customer Success, Service & Operations
Underwriter Salary
1 - 8
years
exp.
(66
salaries)
| ₹1.8 L/yr - ₹8.3 L/yr |
View all departments salaries
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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 |
|---|---|---|
| | ||
| | ||
| | ||
| | ||
| | 1 job opening | |
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| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
1 -
6
yrs
exp.
(4 salaries)
|
₹6.8 L/yr - ₹26 L/yr | |
3 -
31
yrs
exp.
(4 salaries)
|
₹3 L/yr - ₹20 L/yr | |
Login to view exact salary
| ||
3 -
5
yrs
exp.
(4 salaries)
|
₹3.7 L/yr - ₹5 L/yr | 1 job opening |
2 -
5
yrs
exp.
(4 salaries)
|
₹3.3 L/yr - ₹4.3 L/yr | |
0 -
5
yrs
exp.
(4 salaries)
|
₹3.8 L/yr - ₹7.5 L/yr | |
1 -
7
yrs
exp.
(4 salaries)
|
₹1.2 L/yr - ₹3.8 L/yr | |
2 -
8
yrs
exp.
(4 salaries)
|
₹2 L/yr - ₹7 L/yr | |
2 -
4
yrs
exp.
(4 salaries)
|
₹3.6 L/yr - ₹6 L/yr | |
Login to view exact salary
| ||
3 -
4
yrs
exp.
(4 salaries)
|
₹3.9 L/yr - ₹5.9 L/yr | |
0 -
6
yrs
exp.
(4 salaries)
|
₹5 L/yr - ₹8 L/yr | |
Underwriter Jobs in India
Underwriter
· 0-3 years
Genpact
Gurgaon / Gurugram
Underwriter
· 2-7 years
HCLTech
Chennai
Underwriter
· 1-3 years
Infosys BPM
Pune
Similar Designation Salaries for Underwriter
| Designations | Avg Annual Salary |
|---|---|
Senior Underwriter Salary
3 -
10
years
exp.
(40 salaries)
| ₹3 L/yr - ₹9 L/yr |
Associate Salary
1 -
7
years
exp.
(3.3k salaries)
| ₹1.6 L/yr - ₹4.7 L/yr |
Login to view exact salary
| |
Mortgage Underwriter Salary
2 -
6
years
exp.
(9 salaries)
| ₹3 L/yr - ₹9.1 L/yr |
Analyst Salary
0 -
6
years
exp.
(2.2k salaries)
| ₹2.7 L/yr - ₹10.5 L/yr |
Manager Salary
4 -
16
years
exp.
(14.2k salaries)
| ₹5 L/yr - ₹15.9 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
Senior Manager
• posted on 02 Aug 2023
Likes
For new joiners the hike in salary good compare to market
- Salary - Good
Dislikes
Not a great place to work Company culture ruined by middle managment specially by HR management . Dont be whistleblower coz as per HR manager you are the spokesperson of others
read more- Skill development - Poor
+3 more
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
Tata AIG
Senior Manager
• posted on 31 Mar 2024
Likes
Good benefits and culture
- Salary - Good
+3 more
Dislikes
No transparency on awards and appraisal No realisation of market correction for loyal employees Willing to pay for new joinees only
read more- Work-life balance - Poor
Star 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
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 - ₹11.8 L/yr |
Login to view exact salary
| |
Pune
Underwriter
1 -
8
years
exp.
| ₹2 L/yr - ₹9.3 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 In Other Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Underwriter
1 -
8
years
exp.
| ₹2 L/yr - ₹10.2 L/yr |
BPO
Underwriter
1 -
8
years
exp.
| ₹2.5 L/yr - ₹9 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.
| ₹2 L/yr - ₹9 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 ₹1.8 Lakhs to ₹11.0 Lakhs per year. Salary estimates are based on 398 latest salaries received from various Underwriters across industries.
What are the top paying companies that employ Underwriters?
- Tata AIG Underwriter Salary - ₹9.8 Lakhs per year
- SitusAMC Underwriter Salary - ₹7.5 Lakhs per year
- ICICI Lombard General Insurance Company Underwriter Salary - ₹6.8 Lakhs per year
- Altisource Underwriter Salary - ₹6.6 Lakhs per year
- VERITY GLOBAL SOLUTIONS 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 ₹1.8 Lakhs per year (₹15.0k 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 12.2 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 143 jobs posted by employers.
- Compliance
- Finance
- Market Research
- Insurance
- Medical Underwriting
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