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

10 - 17 years exp.

₹17 Lakhs - ₹22 Lakhs

Salary of majority employees

117% more than the average Underwriting Manager Salary in Insurance Companies for 10 - 17 years of experience

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Last Updated: 4 Mar 2025

Companies similar to Bajaj Allianz General Insurance for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (9 salaries)	₹5.8 L/yr - ₹14.5 L/yr 54% 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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Reliance General Insurance Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹4.5 L/yr - ₹13.6 L/yr 60% less
Tata AIG Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹5.2 L/yr - ₹14.5 L/yr 53% less
Star Health & Allied Insurance Underwriting Manager Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 77% less
Future Generali India Life Insurance Underwriting Manager Salary 9 - 13 years exp. (6 salaries)	₹10 L/yr - ₹13 L/yr 42% less
SBI General Insurance Underwriting Manager Salary 7 - 15 years exp. (26 salaries)	₹5.8 L/yr - ₹13.5 L/yr 45% less
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 58% less
Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 37% less
Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 36% less
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 34% less
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Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 68% less
Canara HSBC Life Insurance Underwriting Manager Salary 8 - 20 years exp. (4 salaries)	₹8.2 L/yr - ₹18 L/yr 34% 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
SBI Life Insurance Company Underwriting Manager Salary 1 - 14 years exp. (5 salaries)	₹8 L/yr - ₹11 L/yr 51% less
Max Life Insurance Underwriting Manager Salary 5 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 51% 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: 4 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

Manager in Pune

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 17 Sep 2024

5.0

for Salary and Benefits

Likes

Opportunity to get new challenge and learn things.

Salary - Excellent

+6 more

Dislikes

Very less salary is paid to high experience people and HR gives no value to old employees to motivate or reward old employees who have given their whole life to company.

Data Analyst in Pune

Full Time

Data Science & Analytics Department

2.0

• posted on 09 Sep 2024

2.0

for Salary and Benefits

Likes

Only brand name nothing else

Dislikes

...upport you No growth in terms of skills and career , no recognition of hardwork. No extra pay for weekends and after working hrs.

Salary - Poor

+6 more

Senior Sales Manager in Agartala

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 05 Jul 2024

2.0

for Salary and Benefits

Likes

Salary is the only thing I like here

Dislikes

...y it's 6days a week and month end 7days a week now working hours sales timing 9.30am to 7/8pm then policy issuance it's goes upto 1am, then again next day area manager always talking about work on Sunday, if anyone take a leave manager will tell do existing work, then what is the meaning of leave I don't know, now come to the travel part 1/3 salary will goes on the travel, personal life will be destroyed after joining here work pressure like pressure cooker every day conference call after work and tempting your performance not up to the mark in short your family will leave you bcz of not giving family time

Salary - Poor

+6 more

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1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Bajaj Allianz General Insurance Underwriting Manager Salary FAQs

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

Underwriting Manager salary at Bajaj Allianz General Insurance in India ranges between ₹17.0 Lakhs to ₹22.0 Lakhs for experience between 10 years to 17 years. According to our estimates it is 117% more than the average Underwriting Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz General Insurance India.

How does the salary of a Underwriting Manager at Bajaj Allianz General Insurance India compare with the average salary range for this job?

The average salary of a Underwriting Manager at Bajaj Allianz General Insurance is 117% more than the average salary of a Underwriting Manager in India. To know exact salary insights, login to view.

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

AIG Underwriting Manager Salary - ₹14.3 Lakhs to ₹21.1 Lakhs per year
Canara HSBC Life Insurance Underwriting Manager Salary - ₹8.2 Lakhs to ₹18.0 Lakhs per year
HDFC Life Underwriting Manager Salary - ₹9.7 Lakhs to ₹18.5 Lakhs per year
Gallagher Underwriting Manager Salary - ₹12.0 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance Underwriting Manager Salary - ₹7.8 Lakhs to ₹18.0 Lakhs per year

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 ranges between ₹1,29,300 per month to ₹1,33,795 per month in India. The take-home salary calculation is based on the average Bajaj Allianz General Insurance Underwriting Manager salary in India which ranges between ₹17.0 Lakhs to ₹22.0 Lakhs per year for employees with experience between 10 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Underwriting Manager at Bajaj Allianz General Insurance?

According to AmbitionBox, 100% of the Bajaj Allianz General Insurance Underwriting Managers reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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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.