Underwriting Manager
Annual salary range
₹3.2 Lakhs - ₹19.8 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
Filter salaries byUnderwriting Manager Salary in Banking in India
based on 323
latest salaries
• updated:
2 Jan 2025
Select an experience to get the exact salary
Salary of majority employees
Experience wise Underwriting Manager salaries
| Years of experience | Avg. Annual Salary |
|---|---|
2
years
(19
salaries)
|  ₹3.4 L/yr - ₹10.7 L/yr |
3
years
(20
salaries)
| ₹3.3 L/yr - ₹15 L/yr |
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| |
4
years
(30
salaries)
| ₹3.2 L/yr - ₹12.5 L/yr |
5
years
(40
salaries)
| ₹3.5 L/yr - ₹14 L/yr |
6
years
(31
salaries)
| ₹3.5 L/yr - ₹14.5 L/yr |
View all salaries by experience
Underwriting Manager Salary in
India ranges between ₹3.2
Lakhs to ₹19.8
Lakhs for
2 years of experience to 15 years of experience
. Salary estimates are based on
323 latest salaries received
from Underwriting Manager.
See latest salaries
Underwriting Manager salaries in different departments
| Department | Avg Annual Salary |
|---|---|
BFSI, Investments & Trading
Underwriting Manager Salary
5 - 9
years
exp.
(5
salaries)
| ₹5.7 L/yr - ₹8.1 L/yr |
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| |
Finance & Accounting
Underwriting Manager Salary
5 - 6
years
exp.
(AmbitionBox Estimate)
| ₹2.9 L/yr - ₹4.1 L/yr |
Latest annual salaries shared by Underwriting Managers
2d ago
Tata Capital Housing Finance
Underwriting Manager
13 years exp.
1w ago
Kotak Mahindara Life Insurance
Underwriting Manager
2 years exp.
1w ago
Prisha Insurance Brokers
Underwriting Manager
3 years exp.
1w ago
Oxyzo Financial Services
Underwriting Manager
5 years exp.
2w ago
Care Health Insurance
Underwriting Manager
8 years exp.
2w ago
Cogneesol
Underwriting Manager
3 years exp.
3w ago
Wipro
Underwriting Manager
6 years exp.
3w ago
Bandhan Life
Underwriting Manager
5 years exp.
3w ago
Alliance Insurance Brokers
Underwriting Manager
5 years exp.
4w ago
HSBC Group
Underwriting Manager
4 years exp.
View all latest salaries
| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
6 -
8
yrs
exp.
(3 salaries)
|
₹7.2 L/yr - ₹8.1 L/yr | |
5 yrs
exp.
(AmbitionBox Estimate)
|
₹5.1 L/yr - ₹6.5 L/yr | |
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| ||
1 -
5
yrs
exp.
(AmbitionBox Estimate)
|
₹4.5 L/yr - ₹5.7 L/yr | |
3 yrs
exp.
(AmbitionBox Estimate)
|
₹2.4 L/yr - ₹3 L/yr | |
10 yrs
exp.
(AmbitionBox Estimate)
|
₹7.7 L/yr - ₹9.9 L/yr | |
6 yrs
exp.
(AmbitionBox Estimate)
|
₹2.9 L/yr - ₹3.7 L/yr | |
9 yrs
exp.
(AmbitionBox Estimate)
|
₹7 L/yr - ₹8.9 L/yr | |
Underwriting Manager Jobs in India
Underwriting Manager
· 3-4 years
Muthoot Homefin India Limited (MHIL)
₹4
L/yr
- ₹6
L/yr
Mumbai
Underwriting Manager
· 4-8 years
XL India Business Services Pvt. Ltd.
Mumbai
Underwriting Manager
· 2-6 years
AXA Business Services Pvt Ltd
Mumbai
Similar Designation Salaries for Underwriting Manager
| Designations | Avg Annual Salary |
|---|---|
Underwriting Analyst Salary
1 -
6
years
exp.
(14 salaries)
| ₹3.3 L/yr - ₹8.4 L/yr |
Underwriter Salary
1 -
8
years
exp.
(81 salaries)
| ₹1.6 L/yr - ₹9.1 L/yr |
Login to view exact salary
| |
Credit Manager Salary
1 -
10
years
exp.
(10.1k salaries)
| ₹3.5 L/yr - ₹13.9 L/yr |
Area Credit Manager Salary
5 -
13
years
exp.
(1.5k salaries)
| ₹6.5 L/yr - ₹20 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(24.6k salaries)
| ₹8 L/yr - ₹28 L/yr |
View more similar designations
Top skills for Underwriting Manager
Underwriting Manager Salary By Locations
| Locations | Avg Annual Salary |
|---|---|
Mumbai
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
New Delhi
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
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| |
Pune
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
Bangalore / Bengaluru
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
Hyderabad / Secunderabad
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
View More
Underwriting Manager Salary In Other Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
Insurance
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
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| |
Banking / Insurance / Accounting
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
NBFC
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
Internet
Underwriting Manager
2 -
15
years
exp.
| ₹3.2 L/yr - ₹19.8 L/yr |
View More
Frequently Asked Questions about Underwriting Manager Salaries
What is the salary of a Underwriting Manager in India?
Salary for a Underwriting Manager in India ranges between ₹3.2 Lakhs to ₹19.8 Lakhs per year. Salary estimates are based on 323 latest salaries received from various Underwriting Managers across industries.
What are the top paying companies that employ Underwriting Managers?
- SBI General Insurance Underwriting Manager Salary - ₹10.7 Lakhs per year
- Care Health Insurance Underwriting Manager Salary - ₹4.9 Lakhs per year
What is the starting salary for a Underwriting Manager in India?
Average starting Salary for Underwriting Manager in India is around ₹3.2 Lakhs per year (₹26.7k per month). 2 years of minimum experience is required to be a Underwriting Manager.
What is the highest salary for a Underwriting Manager in India?
Highest salary that a Underwriting Manager can earn is ₹13.5 Lakhs per year (₹1.1L per month).
What are the top paying industries for Underwriting Manager in India?
- IT Services & Consulting - ₹2.6 Lakhs to 31.1 Lakhs per year
- Financial Services - ₹5.5 Lakhs to 45.0 Lakhs per year
- Insurance - ₹2.4 Lakhs to 31.0 Lakhs per year
- BPO - ₹3.0 Lakhs to 20.0 Lakhs per year
- NBFC - ₹2.5 Lakhs to 11.1 Lakhs per year
What are the top paying cities for Underwriting Manager in India?
- Mumbai - ₹8.6 Lakhs to 8.6 Lakhs per year
- Ahmednagar - ₹7.8 Lakhs to 7.8 Lakhs per year
- Vadodara - ₹7.2 Lakhs to 8.1 Lakhs per year
- Haridwar - ₹3.6 Lakhs to 3.6 Lakhs per year
- Kolkata - ₹2.7 Lakhs to 3.2 Lakhs per year
What are the popular/top skills required to become a Underwriting Manager?
These are the top skills of a Underwriting Manager based on 5 jobs posted by employers.
- Salesforce
- Operations
- Team Management
- Compliance
- Finance
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