Underwriting Manager
Annual salary range
₹3.8 Lakhs - ₹17.2 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
Filter salaries byUnderwriting Manager Salary in Mumbai
based on 77
latest salaries
• updated:
24 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
(6
salaries)
|  ₹2.4 L/yr - ₹8.4 L/yr |
3
years
(6
salaries)
| ₹6 L/yr - ₹10 L/yr |
Login to view exact salary
| |
4
years
(9
salaries)
| ₹2.8 L/yr - ₹12.5 L/yr |
5
years
(7
salaries)
| ₹3.6 L/yr - ₹11.6 L/yr |
6
years
(8
salaries)
| ₹3.2 L/yr - ₹45 L/yr |
View all salaries by experience
Underwriting Manager Salary in
Mumbai ranges between ₹3.8
Lakhs to ₹17.2
Lakhs for
2 years of experience to 15 years of experience
. Salary estimates are based on
77 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 - 15
years
exp.
(51
salaries)
| ₹3.8 L/yr - ₹17.2 L/yr |
Login to view exact salary
| |
Finance & Accounting
Underwriting Manager Salary
2 - 12
years
exp.
(5
salaries)
| ₹5.6 L/yr - ₹8.9 L/yr |
View all departments salaries
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Top paying companies
Popular companies
Jobs
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.
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 |
|---|---|---|
5 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹3.2 L/yr - ₹4.1 L/yr | |
16 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹19.8 L/yr - ₹25.3 L/yr | |
Login to view exact salary
| ||
10 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹8.5 L/yr - ₹9.7 L/yr | |
9 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹10.1 L/yr - ₹12.9 L/yr | |
12 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹5.1 L/yr - ₹6.5 L/yr | |
4 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹6.1 L/yr - ₹7.8 L/yr | |
8 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹13.1 L/yr - ₹16.7 L/yr | |
6 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹5.7 L/yr - ₹7.3 L/yr | |
Login to view exact salary
| ||
|
2 yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.2 L/yr - ₹2.8 L/yr | |
Underwriting Manager Jobs in Mumbai
Underwriting Manager
· 4-8 years
XL India Business Services Pvt. Ltd.
Mumbai
Underwriting Manager
· 5-7 years
INDUSIND BANK LIMITED
Chennai
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 -
7
years
exp.
(17 salaries)
| ₹3 L/yr - ₹8.5 L/yr |
Underwriter Salary
1 -
8
years
exp.
(268 salaries)
| ₹2 L/yr - ₹11.8 L/yr |
Login to view exact salary
| |
Credit Manager Salary
1 -
10
years
exp.
(2.8k salaries)
| ₹3.6 L/yr - ₹13.5 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(29.7k salaries)
| ₹8 L/yr - ₹36 L/yr |
Assistant Manager Salary
2 -
13
years
exp.
(69.7k salaries)
| ₹3 L/yr - ₹16.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriting Manager
Bajaj Finance
Assistant Manager in Rampurhat
• posted on 28 Apr 2022
Likes
...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.
read more- Salary - Excellent
+6 more
Dislikes
Nothing
Bajaj Finance
Deputy Manager in Kothamangalam
• 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
HDFC Ergo General Insurance
Deputy Manager in Surat
• posted on 26 Nov 2024
Likes
Employee can manage his/her work life balance at this organization.
- Job security - Excellent
+2 more
Dislikes
...the cost cutting which effects Employee's conveyance, variable, appraisals etc.. This means Ergo has to improve the adequate pay scale as per Employee's skills and performance.
read more- Skill development - Poor
+1 more
Bajaj Finance
Deputy Manager in Haflong
• posted on 21 Jun 2024
Likes
The salary, incentives my Area manager and the people are really good
- Salary - Good
+4 more
Dislikes
Work life balance is absolutely terrible I have to stay at office for 12,13 hrs
- Work-life balance - Bad
Top skills for Underwriting Manager
Underwriting Manager Salary In Other Locations
| Locations | Avg Annual Salary |
|---|---|
New Delhi
Underwriting Manager
2 -
14
years
exp.
| ₹3.6 L/yr - ₹16.7 L/yr |
Pune
Underwriting Manager
2 -
14
years
exp.
| ₹5 L/yr - ₹14.9 L/yr |
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| |
Bangalore / Bengaluru
Underwriting Manager
3 -
14
years
exp.
| ₹3.2 L/yr - ₹21.1 L/yr |
Hyderabad / Secunderabad
Underwriting Manager
2 -
14
years
exp.
| ₹4.7 L/yr - ₹28.5 L/yr |
Gurgaon / Gurugram
Underwriting Manager
4 -
12
years
exp.
| ₹3.2 L/yr - ₹17.6 L/yr |
View More
Underwriting Manager Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Underwriting Manager
2 -
15
years
exp.
| ₹3.6 L/yr - ₹15 L/yr |
Insurance
Underwriting Manager
2 -
15
years
exp.
| ₹3.9 L/yr - ₹15 L/yr |
Login to view exact salary
| |
Banking / Insurance / Accounting
Underwriting Manager
2 -
14
years
exp.
| ₹3 L/yr - ₹12.3 L/yr |
FinTech
Underwriting Manager
2 -
9
years
exp.
| ₹3.2 L/yr - ₹16.7 L/yr |
NBFC
Underwriting Manager
2 -
14
years
exp.
| ₹2.7 L/yr - ₹9.5 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 ₹3.8 Lakhs to ₹17.2 Lakhs per year. Salary estimates are based on 77 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 - ₹4.7 Lakhs per year
What is the starting salary for a Underwriting Manager in India?
Average starting Salary for Underwriting Manager in India is around ₹3.8 Lakhs per year (₹31.7k 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?
- Financial Services - ₹5.6 Lakhs to 45.0 Lakhs per year
- Insurance - ₹2.8 Lakhs to 31.0 Lakhs per year
- NBFC - ₹8.9 Lakhs to 8.9 Lakhs per year
- Banking - ₹8.6 Lakhs to 8.6 Lakhs per year
- FinTech - ₹6.0 Lakhs to 12.5 Lakhs per year
What are the top paying cities for Underwriting Manager in India?
- Hyderabad / Secunderabad - ₹3.6 Lakhs to 34.0 Lakhs per year
- Bangalore / Bengaluru - ₹2.6 Lakhs to 31.1 Lakhs per year
- Mumbai - ₹2.4 Lakhs to 45.0 Lakhs per year
- New Delhi - ₹2.7 Lakhs to 30.0 Lakhs per year
- Pune - ₹0.6 Lakhs to 23.0 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 4 jobs posted by employers.
- Salesforce
- Business Development
- Operations
- Team Management
- Compliance
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