Bajaj Allianz General Insurance Underwriting Manager Salaries by 5 Employees (Updated 2025)

10 - 17 years exp.

₹17 Lakhs - ₹22 Lakhs

Avg. annual salary

Monthly In-hand Salary

121% more than the average Underwriting Manager Salary in Insurance Companies for 10 - 17 years of experience

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Last Updated: 7 Mar 2025

Companies similar to Bajaj Allianz General Insurance for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Underwriting Manager Salary 1 - 13 years exp. (29 salaries)	₹5.8 L/yr - ₹13.5 L/yr 50% less
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 44% less
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ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 58% less
Tata AIG Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹5.2 L/yr - ₹14.5 L/yr 53% less
Reliance General Insurance Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹4.5 L/yr - ₹13.6 L/yr 60% less
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (10 salaries)	₹5.8 L/yr - ₹14.5 L/yr 54% less
Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 35% less
Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 36% less
SBI Life Insurance Company Underwriting Manager Salary 1 - 14 years exp. (5 salaries)	₹8 L/yr - ₹11 L/yr 51% less
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 34% less
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 68% less
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Canara HSBC Life Insurance Underwriting Manager Salary 8 - 21 years exp. (4 salaries)	₹8.2 L/yr - ₹11.4 L/yr 48% less
Aditya Birla Sun Life Insurance Underwriting Manager Salary 7 - 10 years exp. (4 salaries)	₹10.1 L/yr - ₹13.4 L/yr 43% less
PNB MetLife Underwriting Manager Salary 2 - 16 years exp. (4 salaries)	₹3.9 L/yr - ₹11.4 L/yr 62% less
Axis Max Life Insurance Underwriting Manager Salary 5 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 51% less
Star Health & Allied Insurance Underwriting Manager Salary 3 - 6 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 77% less
AIG Underwriting Manager Salary 9 - 14 years exp. (3 salaries)	₹14.3 L/yr - ₹21.1 L/yr 16% less

Underwriting Manager salary at Bajaj Allianz General Insurance ranges between ₹17 Lakhs to ₹22 Lakhs per year for employees with experience between 10 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz General Insurance.

Experience wise Bajaj Allianz General Insurance Underwriting Manager salaries

Last Updated: 7 Mar 2025

Experience	Avg Annual Salary
10 years (AmbitionBox Estimate)	₹17 L/yr - ₹31.3 L/yr
11 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹20.7 L/yr
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12 years (AmbitionBox Estimate)	₹16.7 L/yr - ₹21.4 L/yr
13 years (AmbitionBox Estimate)	₹17.3 L/yr - ₹22.1 L/yr
14 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹22 L/yr
15+ years (3 salaries)	₹19 L/yr - ₹22 L/yr

View all

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Salary related reviews for Bajaj Allianz General Insurance

Deputy Manager in Mumbai

Full Time

Sales & Business Development Department

3.0

• posted on 21 Jan 2023

2.0

for Salary and Benefits

Likes

Technology, system driven, best for customers and intermediaries to work with Timely salary Best claim payable insurer

Dislikes

Hell work life balance With limited manpower resource they work No incentive opportunities No Saturday off No work timings

Salary - Poor

+5 more

Team Lead in Navi Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 13 Dec 2020

5.0

for Salary and Benefits

Likes

Worked in Bajaj Allianz since last 5 years and defenitely I have excellent learning experience in this company. Job security is good even in COVID we were getting our full paymet in every month . Good bonus , leaves and most important is best team mates I have ever work with. Working with such team mates was never boring. Best experience

Salary - Excellent

+5 more

Dislikes

Less salary and increment for offroll people. Best benefits for onroll people's. If we want growth in this company then we should be on onroll position rest all is good

Promotions - Poor

Territory Manager in Kolkata

Full Time

Other Department

1.0

• posted on 27 Feb 2025

5.0

for Salary and Benefits

Likes

1. Process and Applications 2. Salary on time 3.You Can Apply Advance Salary(if Required) 4. Zonal Hr(Ipshita Ma'am) so Helpful, Other Hr just following management order just like puppet. 5.Banca Channels are good.

Salary - Excellent

Dislikes

1. Retail Team has worst Culture Specially in Kolkata Zone. 2. No Work life balance. 3. Don't in Susanta Bose and Prakash Gupta's Team(if you don't want to Destroy your career) 4.terrible micro management culture. 5.Leave Managements are poor. 6.Zero Work life Balance. 7. Zero Job Security,they even issue PIP after Regisn. Bekar Management Policies, Retail Channel meh jana maat,Specially Channel like Growth Markets

Job security - Bad

+3 more

Junior Executive in Pune

Full Time

Customer Success, Service & Operations Department

5.0

• posted on 10 Feb 2025

5.0

for Salary and Benefits

Likes

Company environment, salary, also other department very supportive, friendly environment also all festival are celebrated there.

Salary - Excellent

+6 more

Dislikes

Hr not taking action against loyal or hardworking peoples when they was complaining against the exact issue.. they just ignore employees complaint because of management.

Back Office Executive in Kolkata

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 06 Jan 2025

4.0

for Salary and Benefits

Likes

Several opportunities and with in time salary for each and everyone.

Salary - Good

+3 more

Dislikes

Worst work life balance that I ever seen and experienced in bajaj motor claim department. And for me that's the main thing for a human being.

Work-life balance - Bad

see more salary related reviews

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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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Bajaj Allianz General Insurance Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at Bajaj Allianz General Insurance ?

The average salary of a Underwriting Manager at Bajaj Allianz General Insurance in India typically ranges from ₹17.0 Lakhs to ₹22.0 Lakhs per year, depending on experience (from 10 years to 17 years).

The top 10% of Underwriting Manager at Bajaj Allianz General Insurance earn more than ₹22.0 Lakhs per year, and the top 1% earn over ₹22.0 Lakhs per year. Underwriting Manager Salaries at Bajaj Allianz General Insurance 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 5 Bajaj Allianz General Insurance employees in India.

What is the estimated take home salary of a Underwriting Manager at Bajaj Allianz General Insurance in India?

The estimated take-home salary of a Underwriting Manager at Bajaj Allianz General Insurance in India typically ranges from ₹1,29,300 to ₹1,33,795 per month. This is based on the average salary range of ₹17.0 Lakhs to ₹22.0 Lakhs per year for employees with experience ranging from 10 years to 17 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 5 salaries received from various employees of Bajaj Allianz General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Underwriting Manager in companies similar to Bajaj Allianz General Insurance in India?

The salary of a Underwriting Manager at companies similar to Bajaj Allianz General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

AIG	₹14.3 Lakhs to ₹21.1 Lakhs per year
HDFC Life	₹9.7 Lakhs to ₹18.5 Lakhs per year
Tata AIA Life Insurance	₹7.8 Lakhs to ₹18.0 Lakhs per year
Gallagher	₹12.0 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Sun Life Insurance	₹10.1 Lakhs to ₹13.4 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 Underwriting Manager at Bajaj Allianz General Insurance in India?

The salary growth for a Underwriting Manager at Bajaj Allianz General Insurance depends on factors such as experience, performance, and promotions. On average, a Underwriting Manager can expect the following growth trajectory at Bajaj Allianz General Insurance:

Experience	Average Salary Range
10 years	₹17.0 Lakhs to ₹31.3 Lakhs per year
11 years	₹16.2 Lakhs to ₹20.7 Lakhs per year
12 years	₹16.7 Lakhs to ₹21.4 Lakhs per year
13 years	₹17.3 Lakhs to ₹22.1 Lakhs per year

and so on.

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Bajaj Allianz General Insurance Underwriting Manager Salaries

Bajaj Allianz General Insurance Underwriting Manager salary in India ranges between ₹17 Lakhs to ₹22 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Bajaj Allianz General Insurance latest salaries received from various employees of Bajaj Allianz General Insurance.