Bajaj Allianz Life Insurance Underwriter Salaries by 10 Employees (Updated 2025)

1 - 11 years exp.

₹2.4 Lakhs - ₹8 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Underwriter Salary in Insurance Companies for 1 - 11 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriter Salary 2 - 11 years exp. (4 salaries)	₹3.2 L/yr - ₹8 L/yr
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Customer Success, Service & Operations Underwriter Salary 1 - 5 years exp. (4 salaries)	₹3.2 L/yr - ₹6.5 L/yr

Last Updated: 1 Feb 2025

Companies similar to Bajaj Allianz Life Insurance for Underwriter

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Underwriter Salary 0 - 8 years exp. (64 salaries)	₹1.4 L/yr - ₹4.1 L/yr 35% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (43 salaries)	₹5 L/yr - ₹10 L/yr 79% more
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Tata AIG Underwriter Salary 0 - 5 years exp. (42 salaries)	₹5.2 L/yr - ₹16.1 L/yr 126% more
ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (25 salaries)	₹2.1 L/yr - ₹6 L/yr 4% more
SBI Life Insurance Company Underwriter Salary 1 - 12 years exp. (24 salaries)	₹2.5 L/yr - ₹7.3 L/yr 12% more
HDFC Life Underwriter Salary 0 - 5 years exp. (17 salaries)	₹1.8 L/yr - ₹4.7 L/yr 8% less
HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (13 salaries)	₹3 L/yr - ₹7.2 L/yr 68% more
Axis Max Life Insurance Underwriter Salary 1 - 5 years exp. (11 salaries)	₹2.1 L/yr - ₹3.1 L/yr 41% less	1 job opening
Bajaj Allianz General Insurance Underwriter Salary 2 - 10 years exp. (11 salaries)	₹1 L/yr - ₹5.7 L/yr 11% less	2 job openings
Gallagher Underwriter Salary 3 - 13 years exp. (10 salaries)	₹9 L/yr - ₹21 L/yr 208% more
The New India Assurance Co. Underwriter Salary 0 - 6 years exp. (8 salaries)	₹1 L/yr - ₹5.1 L/yr 22% more
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Allstate Underwriter Salary 3 - 8 years exp. (7 salaries)	₹4 L/yr - ₹7 L/yr 10% more
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 25% less
Kotak Mahindara Life Insurance Underwriter Salary 0 - 3 years exp. (6 salaries)	₹5.1 L/yr - ₹9.1 L/yr 73% more
Shriram Life Insurance Underwriter Salary 1 - 5 years exp. (5 salaries)	₹1.6 L/yr - ₹3.9 L/yr 41% less
United India Insurance Company Underwriter Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹3.3 L/yr 23% less
The Oriental Insurance Co. Underwriter Salary 1 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹3.8 L/yr 52% less
Niva Bupa Health Insurance Company Underwriter Salary 3 - 4 years exp. (4 salaries)	₹3.9 L/yr - ₹5.9 L/yr 26% more
AIG Underwriter Salary 0 - 6 years exp. (4 salaries)	₹5 L/yr - ₹8 L/yr 46% more
Tata AIA Life Insurance Underwriter Salary 0 - 15 years exp. (3 salaries)	₹6 L/yr - ₹10.5 L/yr 115% more	2 job openings

Underwriter salary at Bajaj Allianz Life Insurance ranges between ₹2.4 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 10 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Underwriter salaries

Last Updated: 1 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.3 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.9 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹6.5 L/yr
4 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹7.2 L/yr
6 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.8 L/yr
7 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
8 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.3 L/yr
9 years (AmbitionBox Estimate)	₹4.3 L/yr - ₹5.5 L/yr
10 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
11 years (AmbitionBox Estimate)	₹2.1 L/yr - ₹8 L/yr

View all

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Underwriting Manager Salary

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Team Lead Salary

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₹2.7 L/yr - ₹3.5 L/yr

Senior Associate Salary

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₹3 L/yr - ₹5.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹4.5 L/yr - ₹5.8 L/yr

Deputy Manager Salary

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Management Trainee Salary

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Top skills at Bajaj Allianz Life Insurance for Underwriter

Insurance Underwriting General Insurance Medical Underwriting Underwriting

Salary related reviews for Bajaj Allianz Life Insurance

5.0

Rated by 2 employees for salary & benefits

Cluster Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 08 Jan 2025

5.0

for Salary and Benefits

Likes

The environment is good, as well as the pay package; which is very good. There's a lot of scope of learning here in the industry. Management is a bit clueless and less emotionally oriented but overall it's a good place or organisation to work for or work in. Good amount of promotions are there, trips national or international they have all to keep their people happy and motivated.

Salary - Excellent

+3 more

Dislikes

Nothing as of now.

Premium Relationship Manager in Kharagpur

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Dec 2024

4.0

for Salary and Benefits

Likes

...ect channel there is no work life balance, no job security. Worst work culture. Only salary good

Salary - Good

Dislikes

Specially Direct channel worst job culture. All seniors are rude, Cluster manager, RH all are too much bad. I suggest not to join is direct Channel in BALIC.

Skill development - Bad

+5 more

System Engineer in Gurgaon / Gurugram

Full Time

IT & Information Security Department

1.0

• posted on 05 Oct 2024

1.0

for Salary and Benefits

Likes

No any reason 👎

Dislikes

...gnity and respect, and it's our responsibility to speak out against such abuses." My working period is normal, Bu my year promotion is stuck, after revoke not increase my salary, after 3 months he was suggested per month salary increas next coming mong. by include people, mis-ber. ve with engineer, if you selected b, Hari. Naveen,, denied from job on immediately I think my 3 year lost in precision tech serve. Thank app for taking feedback on worker end, Thank to all, best wishes you for luck.

Salary - Bad

+6 more

Executive Relationship Manager in Srinagar

Full Time

Sales & Business Development Department

1.0

• posted on 07 Sep 2024

4.0

for Salary and Benefits

Likes

Salary credited on time every month

Salary - Good

+1 more

Dislikes

In December i got gallbladder remove surgery and I got post surgery health issues i am not able to travel 50 kms/ day from branch to my residence and vice versa i had faced a lot of problems But my reporting manager namely ARSHAD WANI AND ASM Mr. ASHIQ don't coperate with me and send me abasccond mail and termination letter from hr total injustice Ganderbal Jammu and Kashmir Destroyed my career

Skill development - Bad

+4 more

Assistant Manager Operations in Pune

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 13 Jul 2024

4.0

for Salary and Benefits

Likes

Salary is at par within Insurance Industry

Salary - Good

Dislikes

Job is a very good gift from God it cannot be bad. It serves you and your family. No dislikes. It can be possible that you get a bad manager who doesn't understand it's team members but it's okay, you get paid for your job noone else opinion matters. I agree that at some point of time tragactries of growth will get affected if your manager don't understand you but at the same time if you are not satisfied you can look for change.

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Bajaj Allianz Life Insurance Underwriter Salary FAQs

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

The average salary of a Underwriter at Bajaj Allianz Life Insurance in India typically ranges from ₹2.4 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Underwriter at Bajaj Allianz Life Insurance earn more than ₹7.3 Lakhs per year, and the top 1% earn over ₹8.0 Lakhs per year. 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 10 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Underwriter at Bajaj Allianz Life Insurance in India typically ranges from ₹30,339 to ₹31,648 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹8.0 Lakhs per year for employees with experience ranging from 1 year to 11 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 10 salaries received from various employees of Bajaj Allianz Life Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Underwriter at Bajaj Allianz Life Insurance ?

To be a Underwriter at Bajaj Allianz Life Insurance in india, the key skills required include:

- Insurance Underwriting
- General Insurance
- Medical Underwriting
- Underwriting

These skills are highly valued at Bajaj Allianz Life Insurance and are crucial for successful performance in a Software Engineering role.

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

Gallagher	₹9.0 Lakhs to ₹21.0 Lakhs per year
Tata AIG	₹5.2 Lakhs to ₹16.1 Lakhs per year
Tata AIA Life Insurance	₹6.0 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company	₹5.0 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance	₹5.1 Lakhs to ₹9.1 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 Underwriter in companies similar to Bajaj Allianz Life Insurance in India?

The salary of a 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:

HDFC Ergo General Insurance	₹3.0 Lakhs to ₹7.2 Lakhs per year
AIG	₹5.0 Lakhs to ₹8.0 Lakhs per year
Niva Bupa Health Insurance Company	₹3.9 Lakhs to ₹5.9 Lakhs per year
The New India Assurance Co.	₹1.0 Lakhs to ₹5.1 Lakhs per year
SBI Life Insurance Company	₹2.5 Lakhs to ₹7.3 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 Underwriter at Bajaj Allianz Life Insurance in India?

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

Experience	Average Salary Range
1 year	₹1.3 Lakhs to ₹4.5 Lakhs per year
2 years	₹3.2 Lakhs to ₹4.9 Lakhs per year
3 years	₹1.5 Lakhs to ₹6.5 Lakhs per year
4 years	₹1.5 Lakhs to ₹4.8 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Underwriter Salaries

Bajaj Allianz Life Insurance Underwriter salary in India ranges between ₹2.4 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.

Bajaj Allianz Life Insurance Underwriter salaries in India (Updated 2025)

Companies similar to Bajaj Allianz Life Insurance for Underwriter

Latest annual salaries shared by Bajaj Allianz Life Insurance Underwriter

Experience wise Bajaj Allianz Life Insurance Underwriter salaries

Similar Designation salaries in Bajaj Allianz Life Insurance

Top skills at Bajaj Allianz Life Insurance for Underwriter

Salary related reviews for Bajaj Allianz Life Insurance

Cluster Manager in Kolkata

Premium Relationship Manager in Kharagpur

System Engineer in Gurgaon / Gurugram

Executive Relationship Manager in Srinagar

Assistant Manager Operations in Pune

Bajaj Allianz Life Insurance Underwriter Salary FAQs

Tell us how to improve this page.

Bajaj Allianz Life Insurance Underwriter Salaries by Location