Underwriter
Annual salary range
₹1.9 Lakh - ₹9.3 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 Software Product in India (Updated 2025)
based on 362
latest salaries
• updated:
3 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
(27
salaries)
|  ₹1.5 L/yr - ₹3 L/yr |
2
years
(29
salaries)
| ₹1.7 L/yr - ₹4 L/yr |
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| |
3
years
(43
salaries)
| ₹3.3 L/yr - ₹8.3 L/yr |
4
years
(50
salaries)
| ₹3 L/yr - ₹8 L/yr |
5
years
(58
salaries)
| ₹4 L/yr - ₹8.8 L/yr |
View all salaries by experience
Underwriter Salary in
India ranges between ₹1.9
Lakh to ₹9.3
Lakhs for
1 year of experience to 8 years of experience
. Salary estimates are based on
362 latest salaries received
from Underwriter.
See latest salaries
Underwriter salaries in different departments
| Department | Avg Annual Salary |
|---|---|
Customer Success, Service & Operations
Underwriter Salary
1 - 8
years
exp.
(101
salaries)
| ₹2 L/yr - ₹9.2 L/yr |
Login to view exact salary
| |
Finance & Accounting
Underwriter Salary
1 - 8
years
exp.
(78
salaries)
| ₹2 L/yr - ₹9.2 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 | |
0 -
4
yrs
exp.
(64 salaries)
|
₹1.5 L/yr - ₹5.5 L/yr | |
Login to view exact salary
| ||
2 -
6
yrs
exp.
(12 salaries)
|
₹4 L/yr - ₹5.8 L/yr | |
2 -
5
yrs
exp.
(8 salaries)
|
₹2.5 L/yr - ₹4.6 L/yr | |
1 -
2
yrs
exp.
(7 salaries)
|
₹1.2 L/yr - ₹2.8 L/yr | 1 job opening |
0 -
5
yrs
exp.
(6 salaries)
|
₹3.5 L/yr - ₹4.7 L/yr | 3 job openings |
0 -
2
yrs
exp.
(5 salaries)
|
₹1.7 L/yr - ₹2.4 L/yr | |
4 -
10
yrs
exp.
(5 salaries)
|
₹3.1 L/yr - ₹5.8 L/yr | |
Login to view exact salary
| ||
1 -
2
yrs
exp.
(4 salaries)
|
₹1.5 L/yr - ₹1.7 L/yr | |
1 -
5
yrs
exp.
(4 salaries)
|
₹1.2 L/yr - ₹2.8 L/yr | |
Underwriter Jobs in India
Underwriter
· 0-3 years
Genpact
Gurgaon / Gurugram
Underwriter
· 1-3 years
BAJAJ FINANCIAL SECURITIES LIMITED
Indore
Underwriter
· 5-6 years
General Mills, Inc.
Mumbai
Similar Designation Salaries for Underwriter
| Designations | Avg Annual Salary |
|---|---|
Senior Underwriter Salary
3 -
11
years
exp.
(138 salaries)
| ₹4.8 L/yr - ₹12.3 L/yr |
Underwriting Manager Salary
5 -
12
years
exp.
(6 salaries)
| ₹5.5 L/yr - ₹20 L/yr |
Login to view exact salary
| |
Associate Salary
0 -
8
years
exp.
(18.3k salaries)
| ₹1.9 L/yr - ₹10 L/yr |
Analyst Salary
0 -
6
years
exp.
(37.8k salaries)
| ₹2 L/yr - ₹10 L/yr |
Mortgage Underwriter Salary
1 -
8
years
exp.
(434 salaries)
| ₹1.9 L/yr - ₹8.4 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 moreSitusAMC
Senior Underwriter
• posted on 30 Jun 2021
Likes
Good work culture Good joining bonus Good payment Flexible timing Supportive management Covid vaccination drive
read more- Salary - Excellent
+6 more
Dislikes
Training is not sufficient
SitusAMC
Underwriter
• posted on 19 Jul 2023
Likes
Work life balance
- Work-life balance - Excellent
Dislikes
.... IJP is fake, all upper positions are reserved for friends in Mumbai branch. The associate manager just cut-off the hikes of juniors and add it on own salary. They show too much cleverness on cutting ICP by increasing targets and other things This review is from US Residential Mortgage Bangalore team underwriter.
read more- Skill development - Bad
+3 more
SitusAMC
Underwriter
• 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
Top skills for Underwriter
Underwriter Salary By Locations
| Locations | Avg Annual Salary |
|---|---|
Bangalore / Bengaluru
Underwriter
1 -
8
years
exp.
| ₹2.3 L/yr - ₹9.2 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 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 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 |
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 ₹1.9 Lakhs to ₹9.3 Lakhs per year. Salary estimates are based on 362 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 ₹1.9 Lakhs per year (₹15.8k 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 - ₹2.3 Lakhs to 10.1 Lakhs per year
- Bangalore / Bengaluru - ₹3.5 Lakhs to 24.0 Lakhs per year
- Pune - ₹1.5 Lakhs to 10.0 Lakhs per year
- New Delhi - ₹1.2 Lakhs to 10.5 Lakhs per year
- Chennai - ₹1.5 Lakhs to 10.6 Lakhs per year
What are the popular/top skills required to become a Underwriter?
These are the top skills of a Underwriter based on 139 jobs posted by employers.
- Finance
- Compliance
- Market Research
- Insurance
- Medical Underwriting
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