Underwriter
Annual salary range
₹2 Lakhs - ₹9.5 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 India (Updated 2025)
based on 2.1k
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
(304
salaries)
|  ₹1.5 L/yr - ₹8 L/yr |
2
years
(336
salaries)
| ₹1.6 L/yr - ₹8.2 L/yr |
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| |
3
years
(350
salaries)
| ₹2.1 L/yr - ₹8.4 L/yr |
4
years
(329
salaries)
| ₹2.4 L/yr - ₹10 L/yr |
5
years
(300
salaries)
| ₹2.3 L/yr - ₹10.3 L/yr |
View all salaries by experience
Underwriter Salary in
India ranges between ₹2
Lakhs to ₹9.5
Lakhs for
1 year of experience to 8 years of experience
. Salary estimates are based on
2.1k 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.
(471
salaries)
| ₹2 L/yr - ₹9.5 L/yr |
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| |
Customer Success, Service & Operations
Underwriter Salary
1 - 8
years
exp.
(469
salaries)
| ₹2 L/yr - ₹9.3 L/yr |
View all departments salaries
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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.
(371 salaries)
|
₹3.5 L/yr - ₹10.9 L/yr | |
1 -
9
yrs
exp.
(84 salaries)
|
₹3.1 L/yr - ₹9.3 L/yr | |
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| ||
2 -
11
yrs
exp.
(83 salaries)
|
₹2.1 L/yr - ₹9 L/yr | 3 job openings |
0 -
8
yrs
exp.
(65 salaries)
|
₹1.4 L/yr - ₹4.1 L/yr | |
0 -
4
yrs
exp.
(64 salaries)
|
₹1.5 L/yr - ₹5.5 L/yr | |
1 -
6
yrs
exp.
(62 salaries)
|
₹2.5 L/yr - ₹10.2 L/yr | 1 job opening |
1 -
6
yrs
exp.
(46 salaries)
|
₹2.2 L/yr - ₹6 L/yr | 1 job opening |
1 -
7
yrs
exp.
(46 salaries)
|
₹2.1 L/yr - ₹9.8 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)
|
₹5.2 L/yr - ₹17.1 L/yr | |
Underwriter Jobs in India
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.
(850 salaries)
| ₹3.6 L/yr - ₹14.5 L/yr |
Associate Salary
0 -
8
years
exp.
(2.2L salaries)
| ₹1.9 L/yr - ₹16.5 L/yr |
Login to view exact salary
| |
Analyst Salary
0 -
6
years
exp.
(1.7L salaries)
| ₹2.1 L/yr - ₹13.5 L/yr |
Mortgage Underwriter Salary
1 -
8
years
exp.
(2k salaries)
| ₹2 L/yr - ₹8.5 L/yr |
Manager Salary
4 -
16
years
exp.
(3.2L salaries)
| ₹4 L/yr - ₹31.7 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriter
Accenture
Manager
• posted on 17 Jan 2025
Likes
Org is Serious about quality of client delivery. Salary and hikes are better than peers. Promotions based on work
read more- Salary - Good
+5 more
Dislikes
The culture has diluted over last 15 years. Its not the Accenture that it was 15 years back.. HR has no say now and its all senior management driven
read moreEXL Service
Senior Manager
• posted on 20 Dec 2024
Visionet Systems
Associate
• posted on 01 Apr 2019
Likes
Teammates are good. And more importantly, thay have conducted events and gaming's which will help to relax. There will be no work pressure and managers were good help our growth.
read more- Salary - Good
+6 more
Dislikes
Only salary, which is the main problem. They are good enough to give, but they won't.
read moreGenpact
Manager
• 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 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 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.
| ₹2.1 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 ₹9.5 Lakhs per year. Salary estimates are based on 2.1k 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 - ₹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 - ₹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 138 jobs posted by employers.
- Finance
- Compliance
- Market Research
- Insurance
- Medical Underwriting
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