Bajaj Allianz Life Insurance Pune Underwriter Salaries by 5 Employees

1 - 11 years exp.

₹3.2 Lakhs - ₹8 Lakhs

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

Customer Success, Service & Operations Underwriter Salary 1 - 5 years exp. (4 salaries)	₹3.2 L/yr - ₹6.5 L/yr
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BFSI, Investments & Trading Underwriter Salary 11 years exp. (AmbitionBox Estimate)	₹4.3 L/yr - ₹8 L/yr

Last Updated: 10 Aug 2024

Companies similar to Bajaj Allianz Life Insurance for Underwriter in Pune

Bajaj Allianz Life Insurance Underwriter Salary

1 - 11 years exp. (5 salaries)

₹3.2 L/yr - ₹8 L/yr

Company name	Avg Annual Salary	Open Jobs
Allstate Underwriter Salary 3 - 8 years exp. (7 salaries)	₹4 L/yr - ₹7 L/yr 7% more
Bajaj Allianz General Insurance Underwriter Salary 2 - 7 years exp. (7 salaries)	₹1.6 L/yr - ₹4 L/yr 16% less	2 job openings
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Star Health & Allied Insurance Underwriter Salary 1 - 3 years exp. (7 salaries)	₹2 L/yr - ₹3.2 L/yr 43% less
Gallagher Underwriter Salary 3 - 6 years exp. (5 salaries)	₹9 L/yr - ₹12 L/yr 155% more
ICICI Lombard General Insurance Company Underwriter Salary 1 - 4 years exp. (5 salaries)	₹6.6 L/yr - ₹7.6 L/yr 66% more
Tata AIG Underwriter Salary 0 - 2 years exp. (4 salaries)	₹7 L/yr - ₹12.7 L/yr 104% more

Underwriter salary at Bajaj Allianz Life Insurance ranges between ₹3.2 Lakhs to ₹8 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Bajaj Allianz Life Insurance.

Experience wise Bajaj Allianz Life Insurance Underwriter salaries in Pune

Last Updated: 10 Aug 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
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3 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
5 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
7 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
8 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
9 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹6 L/yr
10 years (AmbitionBox Estimate)	₹4.9 L/yr - ₹6.3 L/yr
11 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr

View all

Similar Designation salaries in Bajaj Allianz Life Insurance

Deputy Manager Salary

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Chief Manager Salary

(33 salaries)

₹18.5 L/yr - ₹38 L/yr

Team Lead Salary

(9 salaries)

₹3 L/yr - ₹6.8 L/yr

Senior Associate Salary

(6 salaries)

₹3 L/yr - ₹5.5 L/yr

Management Trainee Salary

(3 salaries)

₹3.5 L/yr - ₹7.49 L/yr

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 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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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bajaj Allianz Life Insurance Underwriter Salary FAQs

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

The average salary of a Underwriter at Bajaj Allianz Life Insurance in Pune typically ranges from ₹3.2 Lakhs to ₹8.0 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Underwriter in Pune at Bajaj Allianz Life Insurance earn more than ₹8.0 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 5 Bajaj Allianz Life Insurance employees in India.

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

The estimated take-home salary of a Underwriter at Bajaj Allianz Life Insurance in Pune typically ranges from ₹34,312 to ₹35,562 per month. This is based on the average salary range of ₹3.2 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 5 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 in Pune?

To be a Underwriter at Bajaj Allianz Life Insurance in Pune, 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 ₹12.0 Lakhs per year
Tata AIG	₹7.0 Lakhs to ₹12.7 Lakhs per year
ICICI Lombard General Insurance Company	₹6.6 Lakhs to ₹7.6 Lakhs per year
Allstate	₹4.0 Lakhs to ₹7.0 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 Pune?

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

Bajaj Allianz General Insurance	₹1.6 Lakhs to ₹4.0 Lakhs per year
Star Health & Allied Insurance	₹2.0 Lakhs to ₹3.2 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 Pune?

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

Experience	Average Salary Range
1 year	₹3.4 Lakhs to ₹4.3 Lakhs per year
2 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
3 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
4 years	₹3.9 Lakhs to ₹5.0 Lakhs per year

and so on.

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Bajaj Allianz Life Insurance Underwriter Salaries in Pune

Bajaj Allianz Life Insurance Underwriter salary in Pune ranges between ₹3.2 Lakhs to ₹8 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Bajaj Allianz Life Insurance latest salaries received from various employees of Bajaj Allianz Life Insurance.