Allstate Medical Underwriter Salaries by 4 Employees

3 - 4 years exp.

₹9.4 Lakhs - ₹12 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

113% more than the average Medical Underwriter Salary in Insurance Companies for 3 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Medical Underwriter Salary 3 years exp. (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.2 L/yr
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Healthcare & Life Sciences Medical Underwriter Salary 4 years exp. (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.3 L/yr

Last Updated: 3 Aug 2024

Companies similar to Allstate for Medical Underwriter

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Medical Underwriter Salary 1 - 3 years exp. (44 salaries)	₹3 L/yr - ₹9 L/yr 44% less
HDFC Life Medical Underwriter Salary 1 - 9 years exp. (19 salaries)	₹2.5 L/yr - ₹7.8 L/yr 49% less
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Canara HSBC Life Insurance Medical Underwriter Salary 1 - 7 years exp. (15 salaries)	₹2.8 L/yr - ₹4.7 L/yr 62% less
PNB MetLife Medical Underwriter Salary 1 - 14 years exp. (10 salaries)	₹4.3 L/yr - ₹13 L/yr 21% less
Tata AIA Life Insurance Medical Underwriter Salary 2 - 4 years exp. (8 salaries)	₹4.3 L/yr - ₹8.2 L/yr 30% less
Bajaj Allianz Life Insurance Medical Underwriter Salary 1 - 7 years exp. (8 salaries)	₹3 L/yr - ₹8.5 L/yr 43% less
Principal Global Services Medical Underwriter Salary 5 - 10 years exp. (7 salaries)	₹7.9 L/yr - ₹10.2 L/yr 5% less
MetLife Medical Underwriter Salary 1 - 10 years exp. (6 salaries)	₹2.6 L/yr - ₹5.9 L/yr 60% less
Guardian India Medical Underwriter Salary 4 - 8 years exp. (6 salaries)	₹3.5 L/yr - ₹6.5 L/yr 51% less
Star Health & Allied Insurance Medical Underwriter Salary 1 - 5 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 61% less
SBI Life Insurance Company Medical Underwriter Salary 1 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 58% less
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Shriram Life Insurance Medical Underwriter Salary 2 - 4 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 50% less
Tata AIG Medical Underwriter Salary 1 - 15 years exp. (3 salaries)	₹9 L/yr - ₹13.7 L/yr 13% more
Aditya Birla Sun Life Insurance Medical Underwriter Salary 1 - 5 years exp. (3 salaries)	₹3.5 L/yr - ₹5.8 L/yr 54% less

Medical Underwriter salary at Allstate ranges between ₹9.4 Lakhs to ₹12 Lakhs per year for employees with experience between 3 years to 4 years. Salary estimates are based on 4 latest salaries received from various employees of Allstate.

Experience wise Allstate Medical Underwriter salaries

Last Updated: 3 Aug 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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4 years (3 salaries)	₹8.5 L/yr - ₹10.8 L/yr

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Top skills at Allstate for Medical Underwriter

Medical underwriting

Salary related reviews for Allstate

Senior Associate in Bangalore / Bengaluru

Full Time

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4.0

• posted on 24 Dec 2024

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Likes

It feels really awesome as allstate is really different from other companies

Skill development - Excellent

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Dislikes

Salary hike is very poor, where in a new employee gets a decent hike of 30+% and the employee working from years won't even get 10% properly, it would be really good if employee gets a decent yearly hike like around minimum 20%

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Likes

Horrible place to work. They may advertise as great place to work. However, you will only biasness to the core of every promotion/band progression. They will not be ashamed to promote people by cheating in the important certifications for the promotions. Also, the management is so horrible that they will only and only promote one specific religion-based people who can't speak two correct sentences of English. You will be shocked to see the diversity in management as they only promote what we call as "Chaploose" to the height that senior managers are reclessly moved out of the Team if not fitting into their personal ego fulfillment. This is the worst decision of my work carrier and make sure if you are not the one who can carry tiffin bags , laptop bags, give door service and out of working hours service to your supervisor then this is not the place for you.

Dislikes

...ffin bags, laptop bags , giving door service then this is not the place for you. You will npt be able to survive and since they pay you goos enumeration you will n ot easilyh be able to find another job outside.

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Senior Associate in Pune

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3.0

• posted on 22 Jun 2023

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I like about the work environment

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Dislikes

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Allstate Medical Underwriter Salary FAQs

What is the salary of Medical Underwriter at Allstate ?

The average salary of a Medical Underwriter at Allstate in India typically ranges from ₹9.4 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 3 years to 4 years).

The top 10% of Medical Underwriter at Allstate earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Medical Underwriter Salaries at Allstate can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Allstate employees in India.

What is the estimated take home salary of a Medical Underwriter at Allstate in India?

The estimated take-home salary of a Medical Underwriter at Allstate in India typically ranges from ₹72,506 to ₹74,377 per month. This is based on the average salary range of ₹9.4 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 3 years to 4 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Allstate. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Medical Underwriter at Allstate ?

Medical underwriting is a popular skill required to work as a Medical Underwriter at Allstate.

Which companies offer higher salaries than Allstate for Medical Underwriter in India?

Tata AIG

₹9.0 Lakhs to ₹13.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Allstate, depending on the role and experience level.

What is the salary of a Medical Underwriter in companies similar to Allstate in India?

The salary of a Medical Underwriter at companies similar to Allstate in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Principal Global Services	₹7.9 Lakhs to ₹10.2 Lakhs per year
PNB MetLife	₹4.3 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance	₹4.3 Lakhs to ₹8.2 Lakhs per year
Bajaj Allianz Life Insurance	₹3.0 Lakhs to ₹8.5 Lakhs per year
ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹9.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Medical Underwriter at Allstate in India?

The salary growth for a Medical Underwriter at Allstate depends on factors such as experience, performance, and promotions. On average, a Medical Underwriter can expect the following growth trajectory at Allstate:

Experience	Average Salary Range
3 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
4 years	₹8.5 Lakhs to ₹10.8 Lakhs per year

and so on.

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Allstate Medical Underwriter Salaries

Allstate Medical Underwriter salary in India ranges between ₹9.4 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Allstate latest salaries received from various employees of Allstate.