Underwriting Manager
Annual salary range
₹3.3 Lakhs - ₹19.8 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 byUnderwriting Manager Salary in India (Updated 2025)
based on 330
latest salaries
• updated:
15 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Underwriting Manager Salary in India ranges between ₹3.3 Lakhs to ₹19.8 Lakhs for 2 years of experience to 14 years of experience. Salary estimates are based on 330 latest salaries received from Underwriting Manager.
Explore on this page
Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
10 -
14
yrs
exp.
(4 salaries)
|
₹20 L/yr - ₹25.1 L/yr | |
12 -
15
yrs
exp.
(4 salaries)
|
₹25 L/yr - ₹30 L/yr | |
Login to view exact salary
| ||
4 -
10
yrs
exp.
(4 salaries)
|
₹9.2 L/yr - ₹11 L/yr | |
2 -
15
yrs
exp.
(4 salaries)
|
₹7 L/yr - ₹9.1 L/yr | |
5 yrs
exp.
(3 salaries)
|
₹3.6 L/yr - ₹7.8 L/yr | |
5 -
14
yrs
exp.
(3 salaries)
|
₹8.5 L/yr - ₹10 L/yr | |
14 -
16
yrs
exp.
(3 salaries)
|
₹17.5 L/yr - ₹20 L/yr | |
5 -
6
yrs
exp.
(3 salaries)
|
₹5 L/yr - ₹7.2 L/yr | |
Login to view exact salary
| ||
1 -
4
yrs
exp.
(3 salaries)
|
₹6 L/yr - ₹12.5 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
(23
salaries)
|  ₹2.4 L/yr - ₹10.7 L/yr |
3
years
(26
salaries)
| ₹2.5 L/yr - ₹10.4 L/yr |
Login to view exact salary
| |
4
years
(30
salaries)
| ₹3.2 L/yr - ₹10.5 L/yr |
5
years
(39
salaries)
| ₹3.6 L/yr - ₹11 L/yr |
6
years
(31
salaries)
| ₹3.5 L/yr - ₹12 L/yr |
View all salaries by experience
Underwriting Manager Jobs in India
Underwriting Manager
· 7-12 years
BIZ2X PLATFORM PRIVATE LIMITED
New Delhi
Underwriting Manager
· 3-8 years
AVE-Promagne Business Solutions
Mumbai
Underwriting Manager
· 5-7 years
RM INSURANCE BROKING PRIVATE LIMITED
Kolkata
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Underwriting Analyst Salary
0 -
7
years
exp.
(584 salaries)
| ₹3 L/yr - ₹9.5 L/yr |
Underwriter Salary
1 -
8
years
exp.
(2.1k salaries)
| ₹2 L/yr - ₹9.5 L/yr |
Login to view exact salary
| |
Credit Manager Salary
1 -
10
years
exp.
(19.9k salaries)
| ₹3 L/yr - ₹13 L/yr |
Senior Manager Salary
6 -
20
years
exp.
(1.7L salaries)
| ₹7 L/yr - ₹40.3 L/yr |
Assistant Manager Salary
2 -
13
years
exp.
(6L salaries)
| ₹3 L/yr - ₹17 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriting Manager
Bajaj 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
Bajaj Finance
Assistant Manager
• posted on 11 Apr 2022
Likes
Work is okay but work culture is different, I mean working hours high & no holidays.
- Salary - Good
+2 more
Dislikes
Salary is decent but career growth is slow.
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 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
Assistant Manager
• posted on 25 May 2021
Likes
...ronment and culture. Teammates are supportive and the management is transparent.Company policies are good, appraisals are fair and they give good salary hike and bonus every year.
read more- Salary - Good
+5 more
Dislikes
On the job training is not given to new joinees.
Top skills for Underwriting Manager
Underwriting Manager Salary By 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
| |
Pune
Underwriting Manager
2 -
14
years
exp.
| ₹5 L/yr - ₹15 L/yr |
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 |
View More
Underwriting Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Underwriting Manager
2 -
14
years
exp.
| ₹3.6 L/yr - ₹14.6 L/yr |
Insurance Underwriting Manager
2 -
14
years
exp.
| ₹3.9 L/yr - ₹15.3 L/yr |
Login to view exact salary
| |
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.
| ₹3.6 L/yr - ₹9 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 ₹3.3 Lakhs to ₹19.8 Lakhs per year. Salary estimates are based on 330 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 - ₹10.1 Lakhs per year
- Care Health Insurance Underwriting Manager Salary - ₹5.0 Lakhs per year
What is the starting salary for a Underwriting Manager in India?
Average starting Salary for Underwriting Manager in India is around ₹3.3 Lakhs per year (₹27.5k 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 - ₹4.5 Lakhs to 45.0 Lakhs per year
- Internet - ₹2.7 Lakhs to 30.0 Lakhs per year
- Insurance - ₹2.8 Lakhs to 31.0 Lakhs per year
- NBFC - ₹2.5 Lakhs to 9.5 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
- New Delhi - ₹2.7 Lakhs to 30.0 Lakhs per year
- Mumbai - ₹2.4 Lakhs to 45.0 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 5 jobs posted by employers.
- Salesforce
- Team Management
- Operations
- Finance
- Risk Management
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