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3.9

based on 5k Reviews

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Bajaj Allianz Life Insurance Insurance Underwriter salaries in Mumbai

Annual salary range
4 - 9 years exp.
₹3.5 Lakhs - ₹6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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5% less than the average Insurance Underwriter Salary in Insurance Companies for 4 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Insurance Underwriter Salary
6 - 8 years exp. (AmbitionBox Estimate)
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₹3.5 L/yr - ₹6 L/yr

Finance & Accounting
Insurance Underwriter Salary
4 years exp. (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 17 Apr 2024

Companies similar to Bajaj Allianz Life Insurance for Insurance Underwriter in Mumbai

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Bajaj Allianz Life Insurance Insurance Underwriter Salary

4 - 9 years exp. (4 salaries)
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₹3.5 L/yr - ₹6 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Techsurance Insurance Underwriter Salary

0 - 4 years exp. (4 salaries)
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₹2 L/yr - ₹2.7 L/yr

arrow icon 52% less
Insurance Underwriter salary at Bajaj Allianz Life Insurance ranges between ₹3.5 Lakhs to ₹6 Lakhs per year for employees with experience between 4 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Latest annual salaries shared by Bajaj Allianz Life Insurance Insurance Underwriter in Mumbai

11mo ago
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4 years exp.
1y ago
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6 years exp.

Experience wise Bajaj Allianz Life Insurance Insurance Underwriter salaries in Mumbai

Last Updated: 17 Apr 2024

Experience Avg Annual Salary
4 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
6 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
8 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4 L/yr
9 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

AM Human Resource in Mumbai

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 18 Mar 2025
5.0
 for  Salary and Benefits

Likes

In bajaj salary credit on time always.

  • Salary - Excellent

Dislikes

In Bajaj there is no upgrade in ur role and responsibilities and no one want to upgrade your. No extra skill learning activities done. As relevant work of ur role.

read more
  • Job security - Poor

Executive Relationship Manager in Kohima

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 17 Mar 2025
1.0
 for  Salary and Benefits

Likes

No comments

Dislikes

Not getting salary on time, bad Area manger, bad HR, Always getting negative reviews no matter how much efforts we are giving . No support from highers ups. Getting too much calls and VC even on holidays. Still didn't got experience letter.

read more
  • Salary - Bad
    • +6 more

Senior Area Manager in Hyderabad / Secunderabad

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 04 Mar 2025
1.0
 for  Salary and Benefits

Likes

Nothing is there to like to this company...

Dislikes

Here there is no system for credit the salary and it's based on Manager's wish . If Manager wants to hold the salary, he can without any reason also... So Bajaj is not better choice for who works harldy with honesty....

read more
  • Salary - Bad
    • +6 more

Executive Relationship Manager in Bankura

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 29 Jan 2025
5.0
 for  Salary and Benefits

Likes

Balic is a good company to work .. balic has given my carrier high..

  • Salary - Excellent
    • +6 more

Dislikes

...e centricity balic does not look even after Work hard and good work for balic .. company does not increase no salary as per expectations.

read more

Senior Executive in Mumbai

Full Time

 · 

Product Management Department

1.0
  •  posted on 24 Jan 2025
1.0
 for  Salary and Benefits

Likes

Nothing.

Dislikes

...w manager are treated the worst. Designation will not help you find another job. No increment or promotion unless you are from tier 1 college or your salary is above 30 lpa. Skill development is only provided for the person belonging to their community. Senior positions are occupied by Malyalam speaking community and hence increment and promotions are only for them. No outdoor trips as it's only applicable for senior positions. Junior employees don't stay more than 3 months in the company. Company culture is the worst across Bajaj companies. They treat employees in such a way that they should jump off their building and end their lives as they encourage their family members and friends in other companies to not hire their team members. Hence an employee is stuck for rest of their lives in the same place with the lowest salary.

read more
  • Salary - Bad
    • +6 more
see more salary related reviews

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible
Nagarro offer: Kindly Help me to decide
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Bajaj Allianz Life Insurance Insurance Underwriter Salary FAQs

What is the salary of Insurance Underwriter at Bajaj Allianz Life Insurance in Mumbai?
The average salary of a Insurance Underwriter at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹3.5 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 4 years to 9 years).

The top 10% of Insurance Underwriter in Mumbai at Bajaj Allianz Life Insurance earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Insurance Underwriter Salaries at Bajaj Allianz Life 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 4 Bajaj Allianz Life Insurance employees in India.
What is the estimated take home salary of a Insurance Underwriter at Bajaj Allianz Life Insurance in Mumbai?
The estimated take-home salary of a Insurance Underwriter at Bajaj Allianz Life Insurance in Mumbai typically ranges from ₹35,556 to ₹36,787 per month. This is based on the average salary range of ₹3.5 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 4 years to 9 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 Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Insurance Underwriter in companies similar to Bajaj Allianz Life Insurance in Mumbai?
The salary of a Insurance Underwriter at companies similar to Bajaj Allianz Life Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Techsurance ₹2.0 Lakhs to ₹2.7 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 Insurance Underwriter at Bajaj Allianz Life Insurance in Mumbai?
The salary growth for a Insurance Underwriter at Bajaj Allianz Life Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Insurance Underwriter in Mumbai can expect the following growth trajectory at Bajaj Allianz Life Insurance:

Experience Average Salary Range
4 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
6 years ₹5.4 Lakhs to ₹6.9 Lakhs per year
8 years ₹3.2 Lakhs to ₹4.0 Lakhs per year
9 years ₹3.2 Lakhs to ₹4.0 Lakhs per year
and so on.

Tell us how to improve this page.

Bajaj Allianz Life Insurance Insurance Underwriter salary in Mumbai ranges between ₹3.5 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.