Underwriter
Annual salary range
₹2 Lakhs - ₹11.8 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 Mumbai (Updated 2025)
based on 281
latest salaries
• updated:
18 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Underwriter Salary in Mumbai ranges between ₹2 Lakhs to ₹11.8 Lakhs for 1 year of experience to 8 years of experience. Salary estimates are based on 281 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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View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
|
3 -
12
yrs
exp.
.
Mumbai
(102 salaries)
|
₹4.5 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 | 1 job opening |
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
(53
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)
| ₹2.1 L/yr - ₹9.1 L/yr |
4
years
(42
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
· 6-10 years
Firstsource
Bangalore / Bengaluru
Underwriter
· 3-4 years
BAJAJ FINANCIAL SECURITIES LIMITED
Pune
Underwriter
· 3-8 years
Cloudare Technologies
Noida
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Senior Underwriter Salary
3 -
11
years
exp.
(92 salaries)
| ₹4 L/yr - ₹15 L/yr |
Underwriting Manager Salary
2 -
14
years
exp.
(81 salaries)
| ₹3.8 L/yr - ₹17.2 L/yr |
Login to view exact salary
| |
Associate Salary
0 -
8
years
exp.
(23.3k salaries)
| ₹2 L/yr - ₹22 L/yr |
Analyst Salary
0 -
6
years
exp.
(14.8k salaries)
| ₹2.3 L/yr - ₹17.3 L/yr |
Mortgage Underwriter Salary
1 -
8
years
exp.
(209 salaries)
| ₹2.7 L/yr - ₹9.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriter
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
EXL Service
Senior Manager in Bangalore / Bengaluru
• posted on 20 Dec 2024
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
Visionet Systems
Associate in Coimbatore
• posted on 20 Apr 2021
Likes
Teammates are supportive. Company policies are very good.
- Salary - Good
+6 more
Dislikes
Career growth is very well but salary is low.
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 In Other Locations
| Locations | Avg. annual salary |
|---|---|
Bangalore / Bengaluru
Underwriter
1 -
8
years
exp.
| ₹2.3 L/yr - ₹9.2 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 |
BPO Underwriter
1 -
8
years
exp.
| ₹2.5 L/yr - ₹9.2 L/yr |
Login to view exact salary
| |
Insurance Underwriter
1 -
8
years
exp.
| ₹1.8 L/yr - ₹10.2 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 (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 ₹11.8 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.0 Lakhs to ₹11.8 Lakhs per year, with the highest salary reaching ₹6.7 Lakhs to ₹16.4 Lakhs per year. Salary estimates are based on 281 salaries received from various Underwriters across industries.
The average starting salary is around ₹2.0 Lakhs to ₹11.8 Lakhs per year, with the highest salary reaching ₹6.7 Lakhs to ₹16.4 Lakhs per year. Salary estimates are based on 281 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 |
| Visionet Systems Underwriter Salary | ₹3 Lakhs to ₹8 Lakhs per year |
| VERITY GLOBAL SOLUTIONS Underwriter Salary | ₹4 Lakhs to ₹8.8 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 Kolkata | ₹1.5 Lakhs to ₹9.0 Lakhs per year |
| Underwriter Salary in Navi Mumbai | ₹2.4 Lakhs to ₹9.2 Lakhs per year |
| Underwriter Salary in Bangalore / Bengaluru | ₹2.3 Lakhs to ₹9.2 Lakhs per year |
| Underwriter Salary in Gurgaon / Gurugram | ₹2.2 Lakhs to ₹8.9 Lakhs per year |
| Underwriter Salary in Pune | ₹2.0 Lakhs to ₹9.5 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 Software Product | ₹1.9 Lakhs to ₹9.4 Lakhs per year |
| Underwriter Salary in BPO | ₹2.5 Lakhs to ₹9.2 Lakhs per year |
| Underwriter Salary in Financial Services | ₹2.0 Lakhs to ₹10.0 Lakhs per year |
| Underwriter Salary in Insurance | ₹1.8 Lakhs to ₹10.2 Lakhs per year |
| Underwriter Salary in Consulting | ₹2.2 Lakhs to ₹9.0 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 | ₹1.8 Lakhs to ₹10.0 Lakhs per year |
| 2 years | ₹2.0 Lakhs to ₹10.2 Lakhs per year |
| 3 years | ₹2.1 Lakhs to ₹9.1 Lakhs per year |
| 4 years | ₹2.2 Lakhs to ₹12.0 Lakhs per year |
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