Bajaj Finserv Underwriting Manager Salaries by 10+ Employees (Updated 2025)

2 - 8 years exp.

₹4.5 Lakhs - ₹7.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

30% less than the average Underwriting Manager Salary in Financial Services Companies for 2 - 8 years of experience

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Salaries in different departments

Finance & Accounting Underwriting Manager Salary 2 - 8 years exp. (8 salaries)	₹4.8 L/yr - ₹7.5 L/yr
BFSI, Investments & Trading Underwriting Manager Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹6.3 L/yr
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Customer Success, Service & Operations Underwriting Manager Salary 5 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹6 L/yr

Last Updated: 30 Mar 2025

Companies similar to Bajaj Finserv for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
American Express Underwriting Manager Salary 5 - 15 years exp. (4 salaries)	₹8 L/yr - ₹38 L/yr 237% more
HSBC Group Underwriting Manager Salary 2 - 15 years exp. (4 salaries)	₹7 L/yr - ₹9.1 L/yr 22% more
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SBI General Insurance Underwriting Manager Salary 1 - 13 years exp. (28 salaries)	₹5.8 L/yr - ₹13.5 L/yr 58% more
Care Health Insurance Underwriting Manager Salary 0 - 9 years exp. (23 salaries)	₹2.7 L/yr - ₹7.3 L/yr 19% less
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 74% more

Underwriting Manager salary at Bajaj Finserv ranges between ₹4.5 Lakhs to ₹7.5 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 11 latest salaries received from various employees of Bajaj Finserv.

Experience wise Bajaj Finserv Underwriting Manager salaries

Last Updated: 30 Mar 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
3 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.1 L/yr
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4 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
5 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
6 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
7 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr
8 years (AmbitionBox Estimate)	₹5.6 L/yr - ₹7.2 L/yr

View all

Similar Designation salaries in Bajaj Finserv

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Regional Credit Manager Salary

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₹11 L/yr - ₹30 L/yr

Senior Analyst Salary

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₹16 L/yr - ₹28 L/yr

Team Lead Salary

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₹1.05 L/yr - ₹5.5 L/yr

Top skills at Bajaj Finserv for Underwriting Manager

Product Launch Credit Appraisal Finance Loans Market Research Legal Architecture Civil Engineering Compliance Vendor Audit Query Resolution Matrix Banking Ticketing

Salary related reviews for Bajaj Finserv

4.3

Rated by 2 employees for salary & benefits

Deputy Manager in Mirzapur

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 24 Jan 2025

4.0

for Salary and Benefits

Likes

Only salary is the thing which is liked about Bajaj Finserv, otherwise there is nothing in this company which anyone can like.

Salary - Good

+1 more

Dislikes

Working Environment, misbehaviour, poor work life balance, there is no working time in the company and many more things which I don't like about them.

Skill development - Bad

+3 more

Credit Manager in Kolkata

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 21 Sep 2023

5.0

for Salary and Benefits

Likes

Salary, Incentive Part, Contest, Promotion as said, Support in learning, Transparency.

Salary - Excellent

+5 more

Dislikes

Work culture, Unspecified schedule. Totally depends on the behavior of your reporting manager. If found good then its all good, if not your work-life may dis-balance.

Credit Manager in Hosapete

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 24 Mar 2023

2.0

for Salary and Benefits

Likes

...in the form of leader) you may easy to sustained for the long period of Time. 3. Good hike in salary, Pormotios are there except Credit/operation deaprtment.

Skill development - Excellent

+1 more

Dislikes

1. NO leaves & no weekly off, it must be difficult balance with personal life.

Salary - Poor

+3 more

Credit Manager in You Have To Work Everywhere Even On Road

Credit Department

1.0

• posted on 11 Oct 2022

1.0

for Salary and Benefits

Likes

Nothing is there to like in BFL

Dislikes

...any we believe that customer is everything to us but in BFL totally opposite, One more bad policy of bajaj is that shit laptop for which you have to pay, if you resigned from job u have to pay full amount for this cheap product provided by the company and they charge 70000 to 80000 for 25000-30000 Rs laptop, they are just looting everyone, i will never suggest anyone to join BFL if you have some self respect and some social values. I will give -100/10

Salary - Bad

+6 more

Credit Manager in Pune

Credit Ops Department

1.0

• posted on 06 Nov 2019

3.0

for Salary and Benefits

Likes

With so many negativities, they still pay you good enough to keep your mouth shut. Working in BFL I got an idea of how they are misconducting and cheating the Indian customers.

Dislikes

There's nothing that I liked in this pathetic company. Just manipulating data and counts so that their market share doesn't dip. All senior Management people are nothing but scammers and develop new ideas to cheat people. Spineless morons, actually.

Skill development - Bad

+5 more

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Salary Discussions, Hike & Promotions

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

Option 1

Option 2

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Bajaj Finserv Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at Bajaj Finserv ?

The average salary of a Underwriting Manager at Bajaj Finserv in India typically ranges from ₹4.5 Lakhs to ₹7.5 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Underwriting Manager at Bajaj Finserv earn more than ₹7.3 Lakhs per year, and the top 1% earn over ₹7.5 Lakhs per year. Underwriting Manager Salaries at Bajaj Finserv 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 Finserv employees in India.

What is the estimated take home salary of a Underwriting Manager at Bajaj Finserv in India?

The estimated take-home salary of a Underwriting Manager at Bajaj Finserv in India typically ranges from ₹47,470 to ₹48,594 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹7.5 Lakhs per year for employees with experience ranging from 2 years to 8 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 Finserv. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Underwriting Manager at Bajaj Finserv ?

To be a Underwriting Manager at Bajaj Finserv in india, the key skills required include:

- Product Launch
- Credit Appraisal
- Finance
- Loans
- Market Research

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

Which companies offer higher salaries than Bajaj Finserv for Underwriting Manager in India?

American Express	₹8.0 Lakhs to ₹38.0 Lakhs per year
HDFC Ergo General Insurance	₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance	₹5.8 Lakhs to ₹13.5 Lakhs per year
HSBC Group	₹7.0 Lakhs to ₹9.1 Lakhs per year

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

What is the salary of a Underwriting Manager in companies similar to Bajaj Finserv in India?

The salary of a Underwriting Manager at companies similar to Bajaj Finserv in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Care Health Insurance

₹2.7 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 Underwriting Manager at Bajaj Finserv in India?

The salary growth for a Underwriting Manager at Bajaj Finserv depends on factors such as experience, performance, and promotions. On average, a Underwriting Manager can expect the following growth trajectory at Bajaj Finserv:

Experience	Average Salary Range
2 years	₹5.6 Lakhs to ₹7.1 Lakhs per year
3 years	₹5.6 Lakhs to ₹7.1 Lakhs per year
4 years	₹5.6 Lakhs to ₹7.2 Lakhs per year
5 years	₹5.6 Lakhs to ₹7.2 Lakhs per year

and so on.

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Bajaj Finserv Underwriting Manager Salaries

Bajaj Finserv Underwriting Manager salary in India ranges between ₹4.5 Lakhs to ₹7.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Bajaj Finserv latest salaries received from various employees of Bajaj Finserv.