Bajaj Allianz Life Insurance Medical Underwriter Salaries by 8 Employees (Updated 2025)

1 - 7 years exp.

₹3 Lakhs - ₹8.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

22% more than the average Medical Underwriter Salary in Insurance Companies for 1 - 7 years of experience

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Salaries in different departments

BFSI, Investments & Trading Medical Underwriter Salary 2 - 5 years exp. (4 salaries)	₹5 L/yr - ₹6.5 L/yr
Login to view exact salary
Healthcare & Life Sciences Medical Underwriter Salary 1 - 7 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹8.5 L/yr

Last Updated: 14 Mar 2025

Companies similar to Bajaj Allianz Life Insurance 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 3% less
HDFC Life Medical Underwriter Salary 1 - 9 years exp. (19 salaries)	₹2.5 L/yr - ₹7.8 L/yr 12% less
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Axis Max Life Insurance Medical Underwriter Salary 3 - 12 years exp. (13 salaries)	₹3.2 L/yr - ₹12.8 L/yr 24% more
HDFC Ergo General Insurance Medical Underwriter Salary 0 - 7 years exp. (13 salaries)	₹3 L/yr - ₹6.1 L/yr 23% less
Tata AIA Life Insurance Medical Underwriter Salary 2 - 4 years exp. (8 salaries)	₹4.3 L/yr - ₹8.2 L/yr 22% more
Principal Global Services Medical Underwriter Salary 5 - 10 years exp. (7 salaries)	₹7.9 L/yr - ₹10.2 L/yr 65% more
Kotak Mahindara Life Insurance Medical Underwriter Salary 0 - 2 years exp. (6 salaries)	₹5.2 L/yr - ₹8 L/yr 3% more
Star Health & Allied Insurance Medical Underwriter Salary 1 - 5 years exp. (6 salaries)	₹3 L/yr - ₹6.5 L/yr 32% less
Niva Bupa Health Insurance Company Medical Underwriter Salary 0 - 3 years exp. (6 salaries)	₹3 L/yr - ₹4.3 L/yr 35% less
Allstate Medical Underwriter Salary 3 - 4 years exp. (4 salaries)	₹9.4 L/yr - ₹12 L/yr 74% more
SBI Life Insurance Company Medical Underwriter Salary 1 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 26% less
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Shriram Life Insurance Medical Underwriter Salary 2 - 4 years exp. (3 salaries)	₹4 L/yr - ₹6.5 L/yr 13% less
Tata AIG Medical Underwriter Salary 1 - 15 years exp. (3 salaries)	₹9 L/yr - ₹13.7 L/yr 98% more
Aditya Birla Sun Life Insurance Medical Underwriter Salary 1 - 5 years exp. (3 salaries)	₹3.5 L/yr - ₹5.8 L/yr 20% less

Medical Underwriter salary at Bajaj Allianz Life Insurance ranges between ₹3 Lakhs to ₹8.5 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 8 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Medical Underwriter salaries

Last Updated: 14 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3 L/yr - ₹5 L/yr
2 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹9.3 L/yr
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3 years (AmbitionBox Estimate)	₹5 L/yr - ₹6.4 L/yr
4 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.7 L/yr
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)	₹6.1 L/yr - ₹7.8 L/yr
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹12.9 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Medical Coder Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Technical Writer Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Senior Associate Salary

(9 salaries)

₹3 L/yr - ₹5.5 L/yr

Team Lead Salary

(46 salaries)

₹1.8 L/yr - ₹7.25 L/yr

Senior Medical Coder Salary

(AmbitionBox Estimate)

₹7.6 L/yr - ₹9.7 L/yr

Data Analyst Salary

(40 salaries)

₹7.14 L/yr - ₹16.56 L/yr

Deputy Manager Salary

(328 salaries)

₹4.5 L/yr - ₹16.68 L/yr

Officer Salary

(5 salaries)

₹1.2 L/yr - ₹2.8 L/yr

Quality Analyst Salary

(7 salaries)

₹1.8 L/yr - ₹6.15 L/yr

Assistant Professor Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Salary related reviews for Bajaj Allianz Life Insurance

3.0

Rated by 1 employees for salary & benefits

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.

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.

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....

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.

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.

Salary - Bad

+6 more

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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 Life Insurance Medical Underwriter Salary FAQs

What is the salary of Medical Underwriter at Bajaj Allianz Life Insurance ?

The average salary of a Medical Underwriter at Bajaj Allianz Life Insurance in India typically ranges from ₹3.0 Lakhs to ₹8.5 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Medical Underwriter at Bajaj Allianz Life Insurance earn more than ₹11.1 Lakhs per year, and the top 1% earn over ₹13.0 Lakhs per year. Medical 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 8 Bajaj Allianz Life Insurance employees in India.

What is the estimated take home salary of a Medical Underwriter at Bajaj Allianz Life Insurance in India?

The estimated take-home salary of a Medical Underwriter at Bajaj Allianz Life Insurance in India typically ranges from ₹43,664 to ₹44,775 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹8.5 Lakhs per year for employees with experience ranging from 1 year to 7 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 8 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bajaj Allianz Life Insurance for Medical Underwriter in India?

Tata AIG	₹9.0 Lakhs to ₹13.7 Lakhs per year
Allstate	₹9.4 Lakhs to ₹12.0 Lakhs per year
Principal Global Services	₹7.9 Lakhs to ₹10.2 Lakhs per year
Axis Max Life Insurance	₹3.2 Lakhs to ₹12.8 Lakhs per year
Tata AIA Life Insurance	₹4.3 Lakhs to ₹8.2 Lakhs per year

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

What is the salary of a Medical Underwriter in companies similar to Bajaj Allianz Life Insurance in India?

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

Kotak Mahindara Life Insurance	₹5.2 Lakhs to ₹8.0 Lakhs per year
ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹9.0 Lakhs per year
HDFC Life	₹2.5 Lakhs to ₹7.8 Lakhs per year
Shriram Life Insurance	₹4.0 Lakhs to ₹6.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.5 Lakhs to ₹5.8 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 Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹3.0 Lakhs to ₹5.0 Lakhs per year
2 years	₹4.5 Lakhs to ₹9.3 Lakhs per year
3 years	₹5.0 Lakhs to ₹6.4 Lakhs per year
4 years	₹5.5 Lakhs to ₹10.7 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Medical Underwriter Salaries

Bajaj Allianz Life Insurance Medical Underwriter salary in India ranges between ₹3 Lakhs to ₹8.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.