Underwriter
Annual salary range
₹2 Lakhs - ₹11 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 Mumbai (Updated 2025)
based on 279
latest salaries
• updated:
15 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Underwriter Salary in Mumbai ranges between ₹2 Lakhs to ₹11 Lakhs for 1 year of experience to 8 years of experience. Salary estimates are based on 279 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 |
|---|---|---|
 | ||
| | ||
| | ||
| | 3 job openings | |
| | ||
Is this list helpful? | ||
View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
3 -
12
yrs
exp.
.
Mumbai
(102 salaries)
|
₹4.7 L/yr - ₹10.1 L/yr | |
0 -
1
yrs
exp.
.
Mumbai
(25 salaries)
|
₹1.8 L/yr - ₹3.2 L/yr | |
Login to view exact salary
| ||
0 -
5
yrs
exp.
.
Mumbai
(19 salaries)
|
₹5.5 L/yr - ₹17.4 L/yr | |
0 -
3
yrs
exp.
.
Mumbai
(16 salaries)
|
₹5 L/yr - ₹10 L/yr | |
2 -
6
yrs
exp.
.
Mumbai
(14 salaries)
|
₹4.5 L/yr - ₹7.7 L/yr | |
0 -
5
yrs
exp.
.
Mumbai
(9 salaries)
|
₹2.6 L/yr - ₹5 L/yr | |
2 -
9
yrs
exp.
.
Mumbai
(8 salaries)
|
₹3.7 L/yr - ₹7.7 L/yr | |
2 -
6
yrs
exp.
.
Mumbai
(8 salaries)
|
₹2.2 L/yr - ₹3 L/yr | |
Login to view exact salary
| ||
1 -
10
yrs
exp.
.
Mumbai
(7 salaries)
|
₹4.2 L/yr - ₹8.5 L/yr | |
4 -
9
yrs
exp.
.
Mumbai
(6 salaries)
|
₹3 L/yr - ₹7.1 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
(52
salaries)
| ₹1.8 L/yr - ₹10 L/yr |
2
years
(30
salaries)
| ₹2 L/yr - ₹10.2 L/yr |
Login to view exact salary
| |
3
years
(45
salaries)
| ₹2 L/yr - ₹13.5 L/yr |
4
years
(43
salaries)
| ₹2.2 L/yr - ₹12 L/yr |
5
years
(44
salaries)
| ₹2.2 L/yr - ₹11.8 L/yr |
View all salaries by experience
Underwriter Jobs in Mumbai
Underwriter
· 3-4 years
BAJAJ FINANCIAL SECURITIES LIMITED
Pune
Underwriter
· 0-3 years
Genpact
Gurgaon / Gurugram
Underwriter
· 1-2 years
Infosys BPM
₹1.3
L/yr
- ₹1.5
L/yr
Hyderabad / Secunderabad
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Senior Underwriter Salary
3 -
11
years
exp.
(92 salaries)
| ₹4 L/yr - ₹15 L/yr |
Associate Salary
0 -
8
years
exp.
(23.1k salaries)
| ₹2 L/yr - ₹22 L/yr |
Login to view exact salary
| |
Analyst Salary
0 -
6
years
exp.
(14.5k salaries)
| ₹2.2 L/yr - ₹17 L/yr |
Mortgage Underwriter Salary
1 -
8
years
exp.
(209 salaries)
| ₹2.7 L/yr - ₹9 L/yr |
Manager Salary
4 -
16
years
exp.
(48.8k salaries)
| ₹5 L/yr - ₹29.3 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriter
Genpact
Consultant in Bangalore / Bengaluru
• posted on 17 Jan 2025
Likes
Job security is ok Good work life balance that to depends on project
- Job security - Good
+1 more
Dislikes
How much good project you got depends on ur luck. Salary hikes to most of candidate is in one digit only. Getting promotions is very tough one of my friend worked for 6 year but not got promotion
read more- Skill development - Poor
+1 more
EXL Service
Senior Manager in Bangalore / Bengaluru
• posted on 20 Dec 2024
Accenture
Analyst in New Delhi
• 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
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.....
ICICI Lombard General Insurance Company
Chief Manager in Mumbai
• posted on 21 Sep 2023
Likes
Salary is good. Benefits for employees are good.job security is there.Eveeything is almost automated.Manual work is less
read more- Salary - Good
+1 more
Dislikes
There is no work life balance at all. All the work is just given to you suddenly. 2 to 3 weekends in a month goes in office work.No proper division of work. Politics is there.Partiality is there. Lot of late sitting. No proper planning.
read more- Skill development - Poor
+4 more
Top skills for Underwriter
Underwriter Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Bangalore / Bengaluru
Underwriter
1 -
8
years
exp.
| ₹2.3 L/yr - ₹9 L/yr |
Pune
Underwriter
1 -
8
years
exp.
| ₹2 L/yr - ₹9.5 L/yr |
Login to view exact salary
| |
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 - ₹9.4 L/yr |
Gurgaon / Gurugram
Underwriter
1 -
8
years
exp.
| ₹2.2 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.
| ₹1.8 L/yr - ₹10.1 L/yr |
Login to view exact salary
| |
BPO Underwriter
1 -
8
years
exp.
| ₹2.5 L/yr - ₹9.2 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 - ₹9.4 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 ₹2.0 Lakhs to ₹11.0 Lakhs per year. Salary estimates are based on 279 latest salaries received from various Underwriters across industries.
What are the top paying companies that employ Underwriters?
- Tata AIG Underwriter Salary - ₹9.3 Lakhs per year
- SitusAMC Underwriter Salary - ₹7.5 Lakhs per year
- ICICI Lombard General Insurance Company Underwriter Salary - ₹7.3 Lakhs per year
- Mphasis Underwriter Salary - ₹6.0 Lakhs per year
- VERITY GLOBAL SOLUTIONS Underwriter Salary - ₹5.8 Lakhs per year
What is the starting salary for a Underwriter in India?
Average starting Salary for Underwriter in India is around ₹2.0 Lakhs per year (₹16.7k 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 ₹16.1 Lakhs per year (₹1.3L per month).
What are the top paying industries for Underwriter in India?
- Software Product - ₹4.7 Lakhs to 10.1 Lakhs per year
- Insurance - ₹1.8 Lakhs to 26.0 Lakhs per year
- BPO - ₹1.3 Lakhs to 7.7 Lakhs per year
- Financial Services - ₹2.2 Lakhs to 19.2 Lakhs per year
- FinTech - ₹2.2 Lakhs to 4.7 Lakhs per year
What are the top paying cities for Underwriter in India?
- Mumbai - ₹0.5 Lakhs to 29.0 Lakhs per year
- Bangalore / Bengaluru - ₹1.0 Lakhs to 35.0 Lakhs per year
- Pune - ₹0.4 Lakhs to 15.0 Lakhs per year
- New Delhi - ₹1.0 Lakhs to 14.4 Lakhs per year
- Chennai - ₹0.1 Lakhs to 18.0 Lakhs per year
What are the popular/top skills required to become a Underwriter?
These are the top skills of a Underwriter based on 135 jobs posted by employers.
- Finance
- Compliance
- Market Research
- Insurance
- Medical Underwriting
Tell us how to improve this page.
Popular Tools
Q1. What is general insurance and are life insurance part of general insurance
View answer (1) - Home >
- Salaries >
- Underwriter Salary >
- Underwriter Salary in Mumbai
Rate your company