Bajaj Allianz Life Insurance Mumbai Medical Underwriter Salaries by 2 Employees

5 - 7 years exp.

₹5.9 Lakhs - ₹7.5 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Salaries in different departments

BFSI, Investments & Trading Medical Underwriter Salary 5 years exp. (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.5 L/yr
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Healthcare & Life Sciences Medical Underwriter Salary 7 years exp. (AmbitionBox Estimate)	₹6.4 L/yr - ₹13 L/yr

Last Updated: 13 May 2024

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

Bajaj Allianz Life Insurance Medical Underwriter Salary

5 - 7 years exp. (AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Medical Underwriter Salary 1 - 4 years exp. (23 salaries)	₹3 L/yr - ₹9 L/yr 25% less
HDFC Life Medical Underwriter Salary 1 - 9 years exp. (11 salaries)	₹3 L/yr - ₹7.8 L/yr 19% less
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Tata AIA Life Insurance Medical Underwriter Salary 2 - 4 years exp. (6 salaries)	₹4.3 L/yr - ₹8.3 L/yr 7% more
Kotak Mahindara Life Insurance Medical Underwriter Salary 0 - 3 years exp. (6 salaries)	₹5.2 L/yr - ₹8 L/yr 9% less
SBI Life Insurance Company Medical Underwriter Salary 1 - 12 years exp. (4 salaries)	₹3.5 L/yr - ₹5 L/yr 32% less

Medical Underwriter salary at Bajaj Allianz Life Insurance ranges between ₹5.9 Lakhs to ₹7.5 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 2 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary

(74 salaries)

₹5 L/yr - ₹16.5 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.

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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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

How the salary growth look like for a Medical Underwriter at Bajaj Allianz Life Insurance in Mumbai?

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

Experience	Average Salary Range
5 years	₹6.4 Lakhs to ₹8.2 Lakhs per year
6 years	₹6.8 Lakhs to ₹8.7 Lakhs per year
7 years	₹7.1 Lakhs to ₹9.1 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Medical Underwriter Salaries in Mumbai

Bajaj Allianz Life Insurance Medical Underwriter salary in Mumbai ranges between ₹5.9 Lakhs to ₹7.5 Lakhs. This is an estimate based on latest salaries received from employees of Bajaj Allianz Life Insurance.