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.
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Filter salaries byUnderwriter Salary in Mumbai (Updated 2025)
based on 274
latest salaries
• updated:
8 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
(52
salaries)
|  ₹1.8 L/yr - ₹10 L/yr |
2
years
(29
salaries)
| ₹2 L/yr - ₹10.2 L/yr |
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| |
3
years
(44
salaries)
| ₹2 L/yr - ₹13.5 L/yr |
4
years
(40
salaries)
| ₹2.2 L/yr - ₹12 L/yr |
5
years
(43
salaries)
| ₹2.2 L/yr - ₹11.8 L/yr |
View all salaries by experience
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
274 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.
(76
salaries)
| ₹2 L/yr - ₹11 L/yr |
Login to view exact salary
| |
Customer Success, Service & Operations
Underwriter Salary
1 - 8
years
exp.
(52
salaries)
| ₹2 L/yr - ₹9.8 L/yr |
View all departments salaries
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available
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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 | |
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| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
3 -
12
yrs
exp.
.
Mumbai
(101 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 -
3
yrs
exp.
.
Mumbai
(16 salaries)
|
₹5 L/yr - ₹10 L/yr | |
2 -
6
yrs
exp.
.
Mumbai
(15 salaries)
|
₹4.5 L/yr - ₹7.7 L/yr | 1 job opening |
0 -
5
yrs
exp.
.
Mumbai
(15 salaries)
|
₹5.5 L/yr - ₹15.1 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 | |
1 -
10
yrs
exp.
.
Mumbai
(7 salaries)
|
₹4.2 L/yr - ₹8.5 L/yr | |
Login to view exact salary
| ||
2 -
6
yrs
exp.
.
Mumbai
(7 salaries)
|
₹2.2 L/yr - ₹3 L/yr | |
4 -
9
yrs
exp.
.
Mumbai
(6 salaries)
|
₹3 L/yr - ₹7.1 L/yr | |
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 Salaries for Underwriter
| Designations | Avg Annual Salary |
|---|---|
Senior Underwriter Salary
3 -
11
years
exp.
(92 salaries)
| ₹4 L/yr - ₹15.5 L/yr |
Associate Salary
0 -
8
years
exp.
(23k salaries)
| ₹2 L/yr - ₹22 L/yr |
Login to view exact salary
| |
Analyst Salary
0 -
6
years
exp.
(14.4k 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.
(48.6k salaries)
| ₹5 L/yr - ₹29.2 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
SitusAMC
Underwriter in Gurgaon / Gurugram
• posted on 24 Aug 2023
Likes
Salary on time is what I like..
Dislikes
Work life balance is not there.. other Companies are offering Hybrid or Remote working but Situs is not providing the same. Admin facilities are worst. Transport issues.
read more- Skill development - Poor
+2 more
Genpact
Manager in Gurgaon / Gurugram
• 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 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 - ₹8.9 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.
| ₹1.9 L/yr - ₹10.1 L/yr |
Login to view exact salary
| |
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 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 274 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 ₹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 ₹17.1 Lakhs per year (₹1.4L per month).
What are the top paying industries for Underwriter in India?
- Software Product - ₹4.5 Lakhs to 10.1 Lakhs per year
- Insurance - ₹1.8 Lakhs to 27.0 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 7.0 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 130 jobs posted by employers.
- Finance
- Compliance
- Market Research
- Insurance
- Medical Underwriting
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