Underwriting Officer
Annual salary range
₹2 Lakhs - ₹7 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 Officer Salary in India (Updated 2025)
based on 119
latest salaries
• updated:
19 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Underwriting Officer Salary in India ranges between ₹2 Lakhs to ₹7 Lakhs for less than 1 year of experience to 8 years of experience. Salary estimates are based on 119 latest salaries received from Underwriting...
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
0 -
5
yrs
exp.
(86 salaries)
|
₹1.6 L/yr - ₹3.6 L/yr | |
1 -
6
yrs
exp.
(4 salaries)
|
₹2 L/yr - ₹3.2 L/yr | |
Login to view exact salary
| ||
0 -
3
yrs
exp.
(4 salaries)
|
₹29.5 L/yr - ₹38 L/yr | |
1 -
3
yrs
exp.
(3 salaries)
|
₹2.7 L/yr - ₹3.5 L/yr | |
2 -
3
yrs
exp.
(3 salaries)
|
₹2.8 L/yr - ₹3.8 L/yr | |
10 yrs
exp.
(AmbitionBox Estimate)
|
₹22.7 L/yr - ₹29 L/yr | |
3 -
6
yrs
exp.
(AmbitionBox Estimate)
|
₹2.7 L/yr - ₹3.5 L/yr | |
6 -
21
yrs
exp.
(AmbitionBox Estimate)
|
₹11.7 L/yr - ₹15 L/yr | |
Login to view exact salary
| ||
1 -
2
yrs
exp.
(AmbitionBox Estimate)
|
₹2.3 L/yr - ₹2.9 L/yr | |
17 -
19
yrs
exp.
(AmbitionBox Estimate)
|
₹2.1 L/yr - ₹2.7 L/yr | |
Latest annual salaries shared by Underwriting Officers
5d ago
Star Health & Allied Insurance
Underwriting Officer
4 years exp.
6d ago
Sutherland Mortgage Services
Underwriting Officer
1 year exp.
3w ago
Revolut
Underwriting Officer
2 years exp.
3w ago
Star Health & Allied Insurance
Underwriting Officer
5 years exp.
4w ago
Star Health & Allied Insurance
Underwriting Officer
4 years exp.
1mo ago
Kshema General Insurance
Underwriting Officer
2 years exp.
1mo ago
Star Health & Allied Insurance
Underwriting Officer
3 years exp.
1mo ago
Star Health & Allied Insurance
Underwriting Officer
3 years exp.
2mo ago
Star Health & Allied Insurance
Underwriting Officer
5 years exp.
2mo ago
RBL Bank
Underwriting Officer
1 year exp.
View all latest salaries
Underwriting Officer salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(11
salaries)
|  ₹2 L/yr - ₹3 L/yr |
1
year
(27
salaries)
| ₹1.6 L/yr - ₹3.5 L/yr |
Login to view exact salary
| |
2
years
(25
salaries)
| ₹2.1 L/yr - ₹13.2 L/yr |
3
years
(21
salaries)
| ₹2.4 L/yr - ₹29.5 L/yr |
4
years
(16
salaries)
| ₹2.3 L/yr - ₹6 L/yr |
View all salaries by experience
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Senior Officer Salary
2 -
11
years
exp.
(49.2k salaries)
| ₹2.4 L/yr - ₹10.9 L/yr |
Operations Manager Salary
3 -
17
years
exp.
(81.6k salaries)
| ₹3 L/yr - ₹21.4 L/yr |
Login to view exact salary
| |
Assistant Manager Salary
2 -
13
years
exp.
(6L salaries)
| ₹3 L/yr - ₹17 L/yr |
Deputy Manager Salary
3 -
15
years
exp.
(2.2L salaries)
| ₹4 L/yr - ₹18 L/yr |
Operations Executive Salary
1 -
7
years
exp.
(71.5k salaries)
| ₹1.6 L/yr - ₹5 L/yr |
View more similar designations
Salary related reviews by similar designations like Underwriting Officer
Star Health & Allied Insurance
Senior Executive
• posted on 12 Sep 2022
Likes
Job Security, Salary on time credit, Anual Increment Hike, Bonus, Employee Health Insurance
read more- Job security - Excellent
+1 more
Dislikes
Lots of Politics
Star Health & Allied Insurance
Assistant Manager
• posted on 21 Dec 2021
Likes
...environment and culture teammates are supportive and the management are giving good appraisals and they give good salary increments.
read more- Salary - Good
+6 more
Dislikes
They not consider employees side truth.
Underwriting Officer Salary By Locations
| Locations | Avg. annual salary |
|---|---|
Chennai
Underwriting Officer
0 -
4
years
exp.
| ₹2 L/yr - ₹3.8 L/yr |
Hyderabad / Secunderabad
Underwriting Officer
0 -
5
years
exp.
| ₹2 L/yr - ₹3.5 L/yr |
Login to view exact salary
| |
Mumbai
Underwriting Officer
0 -
7
years
exp.
| ₹2.2 L/yr - ₹3.1 L/yr |
Bangalore / Bengaluru
Underwriting Officer
0 -
4
years
exp.
| ₹2.2 L/yr - ₹3.5 L/yr |
Pune
Underwriting Officer
0 -
4
years
exp.
| ₹2 L/yr - ₹3.5 L/yr |
View More
Underwriting Officer Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Insurance Underwriting Officer
0 -
7
years
exp.
| ₹2 L/yr - ₹3.6 L/yr |
Financial Services Underwriting Officer
1 -
8
years
exp.
| ₹2.2 L/yr - ₹36 L/yr |
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| |
Banking Underwriting Officer
1 -
6
years
exp.
| ₹2 L/yr - ₹4.1 L/yr |
NBFC Underwriting Officer
1 -
8
years
exp.
| ₹0.1 L/yr - ₹6.3 L/yr |
Banking / Insurance / Accounting Underwriting Officer
2 -
6
years
exp.
| ₹4.1 L/yr - ₹38 L/yr |
View More
Frequently Asked Questions (FAQS) about Underwriting Officer Salaries
What is the salary of a Underwriting Officer in India?
The salary of a Underwriting Officer in India varies based on experience, location, company & Industry.
On average, Underwriting Officer salaries ranges from ₹2.0 Lakhs to ₹7.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.0 Lakhs to ₹7.0 Lakhs per year, with the highest salary reaching ₹1.6 Lakhs to ₹3.5 Lakhs per year. Salary estimates are based on 119 salaries received from various Underwriting Officers across industries.
The average starting salary is around ₹2.0 Lakhs to ₹7.0 Lakhs per year, with the highest salary reaching ₹1.6 Lakhs to ₹3.5 Lakhs per year. Salary estimates are based on 119 salaries received from various Underwriting Officers across industries.
What are the top paying cities for Underwriting Officer in India?
The annual salary for Underwriting Officer in India varies by location. Top paying cities for Underwriting Officer are
Salary expectations for Underwriting Officer may vary based on job roles, experience, and specific employer requirements.
| Underwriting Officer Salary in Chennai | ₹2.0 Lakhs to ₹3.8 Lakhs per year |
| Underwriting Officer Salary in Hyderabad / Secunderabad | ₹2.0 Lakhs to ₹3.5 Lakhs per year |
| Underwriting Officer Salary in Mumbai | ₹2.2 Lakhs to ₹3.1 Lakhs per year |
| Underwriting Officer Salary in Bangalore / Bengaluru | ₹2.2 Lakhs to ₹3.5 Lakhs per year |
| Underwriting Officer Salary in Pune | ₹2.0 Lakhs to ₹3.5 Lakhs per year |
What are the top paying industries for Underwriting Officer in India?
Top 5 paying Industries for Underwriting Officer in India are:
| Underwriting Officer Salary in Insurance | ₹2.0 Lakhs to ₹3.6 Lakhs per year |
| Underwriting Officer Salary in Financial Services | ₹2.2 Lakhs to ₹36.0 Lakhs per year |
| Underwriting Officer Salary in Banking | ₹2.0 Lakhs to ₹4.1 Lakhs per year |
| Underwriting Officer Salary in NBFC | ₹0.1 Lakhs to ₹6.3 Lakhs per year |
| Underwriting Officer Salary in Banking / Insurance / Accounting | ₹4.1 Lakhs to ₹38.0 Lakhs per year |
What are the fresher salaries as Underwriting Officer?
Fresher salaries for Underwriting Officer in India typically range from ₹2 Lakhs to ₹3 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Underwriting Officer in India?
Experience significantly impacts a Underwriting Officer salary in India. Salaries increase with experience, as Underwriting Officer take on more complex tasks, responsibilities, and leadership roles.
Underwriting Officer salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹2.0 Lakhs to ₹3.0 Lakhs per year |
| 1 year | ₹1.6 Lakhs to ₹3.5 Lakhs per year |
| 2 years | ₹2.1 Lakhs to ₹13.2 Lakhs per year |
| 3 years | ₹2.4 Lakhs to ₹29.5 Lakhs per year |
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