Bajaj Finserv Underwriting Manager Salaries by 9 Employees (Updated 2025)

2 - 8 years exp.

₹4.5 Lakhs - ₹7.5 Lakhs

Low Confidence

Salary of majority employees

31% 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. (6 salaries)	₹5.7 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 - ₹5.7 L/yr

Last Updated: 8 Feb 2025

Companies similar to Bajaj Finserv for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
Mahindra Finance Underwriting Manager Salary 6 - 11 years exp. (3 salaries)	₹6.9 L/yr - ₹9.5 L/yr 32% more
SBI General Insurance Underwriting Manager Salary 7 - 15 years exp. (26 salaries)	₹5.8 L/yr - ₹13.5 L/yr 76% more
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Care Health Insurance Underwriting Manager Salary 0 - 9 years exp. (23 salaries)	₹2.7 L/yr - ₹7.3 L/yr 18% less
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 77% more
Bajaj Finance Underwriting Manager Salary 1 - 11 years exp. (15 salaries)	₹5 L/yr - ₹9 L/yr 12% 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 9 latest salaries received from various employees of Bajaj Finserv.

Experience wise Bajaj Finserv Underwriting Manager salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹5.7 L/yr - ₹11.1 L/yr
3 years (AmbitionBox Estimate)	₹6 L/yr - ₹11.1 L/yr
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4 years (AmbitionBox Estimate)	₹6 L/yr - ₹6.2 L/yr
5 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹6.5 L/yr
6 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.5 L/yr
7 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹6.5 L/yr
8 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹7.1 L/yr

View all

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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

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

Area Credit Manager in Vadodara

BFSI, Investments & Trading Department

1.0

• posted on 02 Apr 2018

1.0

for Salary and Benefits

Likes

Nothing. Seems scary as they robbed our personal life.

Promotions - Good

Dislikes

...15 days month-end out of 30 days!!!!!!!! Too much sales and management pressure. Fool to employees in the name of variable pay. Etc etc etc...........

Salary - Bad

+3 more

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Top trending discussions

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Bajaj Finserv Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at Bajaj Finserv?

Underwriting Manager salary at Bajaj Finserv in India ranges between ₹4.5 Lakhs to ₹7.5 Lakhs for experience between 2 years to 8 years. According to our estimates it is 31% less than the average Underwriting Manager Salary in India. Salary estimates are based on 9 latest salaries received from various employees of Bajaj Finserv India.

How does the salary of a Underwriting Manager at Bajaj Finserv India compare with the average salary range for this job?

The average salary of a Underwriting Manager at Bajaj Finserv is 31% less than the average salary of a Underwriting Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Underwriting Manager at Bajaj Finserv?

Product Launch, Credit Appraisal, Finance, Loans and Market Research are some of the popular skills required to work as a Underwriting Manager at Bajaj Finserv India.

Which similar companies are paying more than Bajaj Finserv to a Underwriting Manager in India?

HDFC Ergo General Insurance Underwriting Manager Salary - ₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance Underwriting Manager Salary - ₹5.8 Lakhs to ₹13.5 Lakhs per year
Mahindra Finance Underwriting Manager Salary - ₹6.9 Lakhs to ₹9.5 Lakhs per year
Bajaj Finance Underwriting Manager Salary - ₹5.0 Lakhs to ₹9.0 Lakhs per year

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

Care Health Insurance Underwriting Manager Salary - ₹2.7 Lakhs to ₹7.3 Lakhs per year

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 ranges between ₹46,873 per month to ₹47,983 per month in India. The take-home salary calculation is based on the average Bajaj Finserv Underwriting Manager salary in India which ranges between ₹4.5 Lakhs to ₹7.5 Lakhs per year for employees with experience between 2 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Underwriting Manager at Bajaj Finserv?

According to AmbitionBox, 80% of the Bajaj Finserv Underwriting Managers reported a notice period of 3 Months, 20% reported a notice period of 1 Month.This is based on 20 responses on AmbitionBox in last 2 years.

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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 9 Bajaj Finserv latest salaries received from various employees of Bajaj Finserv.