Underwriting Manager
Annual salary range
₹5 Lakhs - ₹15 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byUnderwriting Manager Salary in Pune (Updated 2025)
based on 32
latest salaries
• updated:
12 Jan 2025
Select an experience to get the exact salary
Salary of majority employees
Underwriting Manager Salary in Pune ranges between ₹5 Lakhs to ₹15 Lakhs for 2 years of experience to 14 years of experience. Salary estimates are based on 32 latest salaries received from Underwriting Manager.
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Salaries by experience
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
10 yrs
exp.
.
Pune
(AmbitionBox Estimate)
|
₹15.3 L/yr - ₹19.5 L/yr | |
11 yrs
exp.
.
Pune
(AmbitionBox Estimate)
|
₹20.7 L/yr - ₹26.5 L/yr | |
Login to view exact salary
| ||
2 yrs
exp.
.
Pune
(AmbitionBox Estimate)
|
₹0.5 L/yr - ₹0.7 L/yr | |
9 yrs
exp.
.
Pune
(AmbitionBox Estimate)
|
₹13.4 L/yr - ₹17.1 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
Underwriting Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
2
years
(3
salaries)
|  ₹0.6 L/yr - ₹8.5 L/yr |
3
years
(3
salaries)
| ₹6 L/yr - ₹15 L/yr |
Login to view exact salary
| |
4
years
(2
salaries)
| ₹4.2 L/yr - ₹6.3 L/yr |
5
years
(5
salaries)
| ₹5 L/yr - ₹7.2 L/yr |
6
years
(2
salaries)
| ₹7 L/yr - ₹7.2 L/yr |
View all salaries by experience
Underwriting Manager Jobs in Pune
Underwriting Manager
· 2-6 years
INDUSIND BANK LIMITED
Chennai
Underwriting Manager
· 5-7 years
Krazy Mantra HR Solutions Pvt. Ltd
Mumbai
Underwriting Manager
· 4-5 years
Raghunandan Industries Pvt Ltd.
Agra
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|---|---|
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1 -
7
years
exp.
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| ₹2.3 L/yr - ₹8.2 L/yr |
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1 -
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years
exp.
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| ₹2 L/yr - ₹9.5 L/yr |
Login to view exact salary
| |
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| ₹3.2 L/yr - ₹13 L/yr |
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| ₹8.1 L/yr - ₹38 L/yr |
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| ₹3.3 L/yr - ₹16 L/yr |
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Salary related reviews by similar designations like Underwriting Manager
HDFC Ergo General Insurance
Deputy Manager in Chennai
• posted on 19 Mar 2025
Likes
Skil development is a primary reason why hdfc ergo is best
- Skill development - Good
+4 more
Dislikes
Low salary compared to other comoetitors,promotions are very less
HDFC Ergo General Insurance
Assistant Manager in Nellore
• 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 moreHDFC Ergo General Insurance
Deputy Manager in Mumbai
• posted on 20 May 2024
Likes
Good work culture with a competitive salary.
- Salary - Excellent
+5 more
Dislikes
Some processes and approvals are complicated. Employee Benefits & Facilities are not bad but could have been better
HDFC Ergo General Insurance
Assistant Manager in Mumbai
• posted on 13 Jun 2024
Likes
...ly one the best place to work. One would learn a lot while working this Company. The only drawback is the compensation.
read more- Skill development - Excellent
+4 more
Dislikes
Compensation
Top skills for Underwriting Manager
Underwriting Manager Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Mumbai
Underwriting Manager
2 -
14
years
exp.
| ₹3.8 L/yr - ₹17.2 L/yr |
New Delhi
Underwriting Manager
2 -
14
years
exp.
| ₹3.6 L/yr - ₹16.7 L/yr |
Login to view exact salary
| |
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.
| ₹3.5 L/yr - ₹21 L/yr |
View More
Underwriting Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Underwriting Manager
2 -
14
years
exp.
| ₹3.6 L/yr - ₹15.3 L/yr |
Insurance Underwriting Manager
2 -
14
years
exp.
| ₹3.9 L/yr - ₹15 L/yr |
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| |
Banking / Insurance / Accounting Underwriting Manager
2 -
14
years
exp.
| ₹3 L/yr - ₹12.3 L/yr |
Internet Underwriting Manager
2 -
14
years
exp.
| ₹3.5 L/yr - ₹25.1 L/yr |
NBFC Underwriting Manager
2 -
14
years
exp.
| ₹2.7 L/yr - ₹9 L/yr |
View More
Frequently Asked Questions (FAQS) about Underwriting Manager Salaries
What is the salary of a Underwriting Manager in India?
The salary of a Underwriting Manager in India varies based on experience, location, company & Industry.
On average, Underwriting Manager salaries ranges from ₹5.0 Lakhs to ₹15.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹5.0 Lakhs to ₹15.0 Lakhs per year, with the highest salary reaching ₹6.9 Lakhs to ₹12.8 Lakhs per year. Salary estimates are based on 32 salaries received from various Underwriting Managers across industries.
The average starting salary is around ₹5.0 Lakhs to ₹15.0 Lakhs per year, with the highest salary reaching ₹6.9 Lakhs to ₹12.8 Lakhs per year. Salary estimates are based on 32 salaries received from various Underwriting Managers across industries.
What are the top paying companies that employ Underwriting Managers?
Underwriting Manager Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| SBI General Insurance Underwriting Manager Salary | ₹6.9 Lakhs to ₹12.8 Lakhs per year |
| Care Health Insurance Underwriting Manager Salary | ₹2.1 Lakhs to ₹6 Lakhs per year |
What are the top paying cities for Underwriting Manager in India?
The annual salary for Underwriting Manager in India varies by location. Top paying cities for Underwriting Manager are
Salary expectations for Underwriting Manager may vary based on job roles, experience, and specific employer requirements.
| Underwriting Manager Salary in Hyderabad / Secunderabad | ₹4.7 Lakhs to ₹28.5 Lakhs per year |
| Underwriting Manager Salary in Ahmedabad | ₹5.0 Lakhs to ₹10.1 Lakhs per year |
| Underwriting Manager Salary in Bangalore / Bengaluru | ₹3.2 Lakhs to ₹21.1 Lakhs per year |
| Underwriting Manager Salary in Chennai | ₹4.2 Lakhs to ₹12.0 Lakhs per year |
| Underwriting Manager Salary in Mumbai | ₹3.8 Lakhs to ₹17.2 Lakhs per year |
What are the top paying industries for Underwriting Manager in India?
Top 5 paying Industries for Underwriting Manager in India are:
| Underwriting Manager Salary in IT Services & Consulting | ₹6.0 Lakhs to ₹17.0 Lakhs per year |
| Underwriting Manager Salary in Analytics & KPO | ₹5.5 Lakhs to ₹21.1 Lakhs per year |
| Underwriting Manager Salary in Accounting & Auditing | ₹5.5 Lakhs to ₹13.0 Lakhs per year |
| Underwriting Manager Salary in Insurance | ₹3.9 Lakhs to ₹15.0 Lakhs per year |
| Underwriting Manager Salary in Financial Services | ₹3.6 Lakhs to ₹15.3 Lakhs per year |
How does experience affect salaries of a Underwriting Manager in India?
Experience significantly impacts a Underwriting Manager salary in India. Salaries increase with experience, as Underwriting Manager take on more complex tasks, responsibilities, and leadership roles.
Underwriting Manager salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 2 years | ₹0.6 Lakhs to ₹8.5 Lakhs per year |
| 3 years | ₹6.0 Lakhs to ₹15.0 Lakhs per year |
| 4 years | ₹4.2 Lakhs to ₹6.3 Lakhs per year |
| 5 years | ₹5.0 Lakhs to ₹7.2 Lakhs per year |
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