Underwriting Manager
Annual salary range
₹3.6 Lakhs - ₹14.6 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Experience
Department
Financial Services
Location
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Underwriting Manager Salary in Financial Services in India (Updated 2025)
based on 237
latest salaries
• updated:
2 Mar 2025
Select an experience to get the exact salary
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Salary of majority employees
Experience wise Underwriting Manager salaries
| Years of experience | Avg. Annual Salary |
|---|---|
2
years
(15
salaries)
|  Unlock₹3.1 L/yr - ₹8.5 L/yr |
3
years
(14
salaries)
| Unlock ₹2.7 L/yr - ₹9 L/yr |
Login to view exact salary
| |
4
years
(21
salaries)
| Unlock ₹3 L/yr - ₹9.5 L/yr |
5
years
(28
salaries)
| Unlock ₹4.4 L/yr - ₹11 L/yr |
6
years
(25
salaries)
| Unlock ₹3.2 L/yr - ₹14.5 L/yr |
View all salaries by experience
Underwriting Manager Salary in
India ranges between ₹3.6
Lakhs to ₹14.6
Lakhs for
2 years of experience to 14 years of experience
. Salary estimates are based on
237 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
2 - 14
years
exp.
(135
salaries)
| Unlock ₹3.6 L/yr - ₹14.6 L/yr |
Login to view exact salary
| |
Finance & Accounting
Underwriting Manager Salary
2 - 12
years
exp.
(24
salaries)
| Unlock ₹3.6 L/yr - ₹10 L/yr |
View all departments salaries
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available
Similar designations
Salary related reviews
Top interview questions
Latest annual salaries shared by Underwriting Managers
2d ago
Tata Capital Housing Finance
Underwriting Manager
13 years exp.
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1w ago
Kotak Mahindara Life Insurance
Underwriting Manager
2 years exp.
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1w ago
Prisha Insurance Brokers
Underwriting Manager
3 years exp.
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1w ago
Oxyzo Financial Services
Underwriting Manager
5 years exp.
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2w ago
Care Health Insurance
Underwriting Manager
8 years exp.
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2w ago
Cogneesol
Underwriting Manager
3 years exp.
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3w ago
Wipro
Underwriting Manager
6 years exp.
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3w ago
Bandhan Life
Underwriting Manager
5 years exp.
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3w ago
Alliance Insurance Brokers
Underwriting Manager
5 years exp.
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4w ago
HSBC Group
Underwriting Manager
4 years exp.
Unlock View all latest salaries
| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
4 -
14
yrs
exp.
(7 salaries)
|
₹2.8 L/yr - ₹9.2 L/yr | |
|
8 -
21
yrs
exp.
(7 salaries)
|
₹8 L/yr - ₹12 L/yr | |
Login to view exact salary
| ||
|
9 -
13
yrs
exp.
(6 salaries)
|
₹10 L/yr - ₹13 L/yr | |
|
7 -
10
yrs
exp.
(5 salaries)
|
₹12 L/yr - ₹13 L/yr | |
|
9 -
11
yrs
exp.
(5 salaries)
|
₹8.2 L/yr - ₹10.5 L/yr | |
|
1 -
14
yrs
exp.
(5 salaries)
|
₹8 L/yr - ₹11 L/yr | |
|
12 -
17
yrs
exp.
(5 salaries)
|
₹9.7 L/yr - ₹18.5 L/yr | |
|
1 -
3
yrs
exp.
(5 salaries)
|
₹5.1 L/yr - ₹8.4 L/yr | |
Login to view exact salary
| ||
|
3 -
8
yrs
exp.
(5 salaries)
|
₹5.5 L/yr - ₹7.9 L/yr | |
|
4 -
6
yrs
exp.
(4 salaries)
|
₹4.3 L/yr - ₹6 L/yr | |
Underwriting Manager Jobs in India
Underwriting Manager
· 7-12 years
BIZ2X Platform Private Limited
Noida
Underwriting Manager
· 5-9 years
Green Leaf Consultants
₹7
L/yr
- ₹11
L/yr
Mumbai
Underwriting Manager
· 5-7 years
RM INSURANCE BROKING PRIVATE LIMITED
Kolkata
Similar Designation Salaries for Underwriting Manager
| Designations | Avg Annual Salary |
|---|---|
Underwriting Analyst Salary
0 -
7
years
exp.
(301 salaries)
| Unlock ₹3.1 L/yr - ₹9 L/yr |
Underwriter Salary
1 -
8
years
exp.
(800 salaries)
| Unlock ₹2 L/yr - ₹10 L/yr |
Login to view exact salary
| |
Credit Manager Salary
1 -
10
years
exp.
(14.9k salaries)
| Unlock ₹3.4 L/yr - ₹13 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(45.6k salaries)
| Unlock ₹7.5 L/yr - ₹35 L/yr |
Assistant Manager Salary
2 -
13
years
exp.
(1.3L salaries)
| Unlock ₹2.8 L/yr - ₹15 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriting Manager
HDFC Ergo General Insurance
Assistant Manager
• posted on 10 Jul 2023
Likes
Just Like
- Skill development - Good
+2 more
Dislikes
Salary is verry disappointed & local conveyance is Decreasing This Year, This is Unsatisfied every employee
read moreBajaj Finance
Cluster Credit Manager
• posted on 04 Oct 2019
Likes
Good pay package and flexible working.
- Salary - Excellent
+3 more
Dislikes
Earlier there was IJP for everyone and can submit their resume for opening. But now supervisor is stopping to apply even eligibility is there.
read moreHDFC Ergo General Insurance
Assistant Manager
• posted on 15 Jul 2023
Likes
Like
- Skill development - Good
+4 more
Dislikes
Salary structure need to be check ( destination wise salary is not upto the market level ) & also the annual bonus is to low special for the sale team. At least should get more incentive than operation.
read moreHDFC Ergo General Insurance
Assistant Manager
• posted on 01 Jun 2022
Likes
Teammates are supportive. There is a huge cafeteria. Company policies are good, appraisals are fair.
- Salary - Good
+5 more
Dislikes
Salary is good but career growth is slow. On the job training is not given properly to new joinees. work environment is not good..every Saturday is working however company gave the holiday...
read moreBajaj Finance
Deputy Manager
• posted on 27 Dec 2023
Likes
Salary is the only factor that I like most there.
- Salary - Excellent
Dislikes
There is no personal life. All days are working Sundays are working too
- Job security - Poor
+2 more
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Underwriting Manager Salary By Locations
| Locations | Avg Annual Salary |
|---|---|
Mumbai
Underwriting Manager
2 -
14
years
exp.
| Unlock ₹3.8 L/yr - ₹17.2 L/yr |
New Delhi
Underwriting Manager
2 -
14
years
exp.
| Unlock ₹3.6 L/yr - ₹16.7 L/yr |
Login to view exact salary
| |
Pune
Underwriting Manager
2 -
14
years
exp.
| Unlock ₹5 L/yr - ₹14.9 L/yr |
Bangalore / Bengaluru
Underwriting Manager
3 -
14
years
exp.
| Unlock ₹3.2 L/yr - ₹21.1 L/yr |
Hyderabad / Secunderabad
Underwriting Manager
2 -
14
years
exp.
| Unlock ₹4.7 L/yr - ₹28.5 L/yr |
View More
Underwriting Manager Salary In Other Industries
| Industries | Avg Annual Salary |
|---|---|
Insurance
Underwriting Manager
2 -
14
years
exp.
| Unlock ₹3.9 L/yr - ₹15 L/yr |
Banking / Insurance / Accounting
Underwriting Manager
2 -
14
years
exp.
| Unlock ₹3 L/yr - ₹12.3 L/yr |
Login to view exact salary
| |
FinTech
Underwriting Manager
2 -
9
years
exp.
| Unlock ₹3.5 L/yr - ₹16.7 L/yr |
NBFC
Underwriting Manager
2 -
14
years
exp.
| Unlock ₹3.6 L/yr - ₹9 L/yr |
Internet
Underwriting Manager
3 -
14
years
exp.
| Unlock ₹4.6 L/yr - ₹25.1 L/yr |
View More
Frequently Asked Questions about Underwriting Manager Salaries
What is the salary of a Underwriting Manager in Financial Services companies?
Salary for a Underwriting Manager in Financial Services companies ranges between ₹3.6 Lakhs to ₹14.6 Lakhs per year. Salary estimates are based on 237 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 - ₹10.8 Lakhs per year
- Care Health Insurance Underwriting Manager Salary - ₹5.0 Lakhs per year
What is the starting salary for a Underwriting Manager in Financial Services companies?
Average starting Salary for Underwriting Manager in Financial Services companies is around ₹3.6 Lakhs per year (₹30.0k per month). 2 years of minimum experience is required to be a Underwriting Manager.
What is the highest salary for a Underwriting Manager in Financial Services companies?
Highest salary that a Underwriting Manager can earn in Financial Services companies 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 - ₹4.5 Lakhs to 45.0 Lakhs per year
- Insurance - ₹2.8 Lakhs to 31.0 Lakhs per year
- FinTech - ₹2.7 Lakhs to 22.0 Lakhs per year
- NBFC - ₹2.5 Lakhs to 9.5 Lakhs per year
What are the top paying cities for Underwriting Manager in Financial Services companies?
- Bangalore / Bengaluru - ₹3.1 Lakhs to 22.0 Lakhs per year
- Mumbai - ₹2.8 Lakhs to 45.0 Lakhs per year
- Hyderabad / Secunderabad - ₹3.6 Lakhs to 28.5 Lakhs per year
- Pune - ₹5.0 Lakhs to 18.5 Lakhs per year
- New Delhi - ₹3.0 Lakhs to 18.0 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 3 jobs posted by employers.
- Salesforce
- Business Development
- Operations
- Team Management
- Finance
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