Canara HSBC Life Insurance Underwriter Salaries by 4 Employees

3 - 5 years exp.

₹3.7 Lakhs - ₹5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

17% less than the average Underwriter Salary in Insurance Companies for 3 - 5 years of experience

Interested in this particular role?

Last Updated: 1 Nov 2024

Companies similar to Canara HSBC Life Insurance for Underwriter

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Underwriter Salary 0 - 8 years exp. (66 salaries)	₹1.4 L/yr - ₹4.1 L/yr 40% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (45 salaries)	₹3.7 L/yr - ₹10 L/yr 59% more
Login to view exact salary
Tata AIG Underwriter Salary 0 - 5 years exp. (42 salaries)	₹5.2 L/yr - ₹16.1 L/yr 108% more
ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (25 salaries)	₹2.1 L/yr - ₹6 L/yr 5% less
SBI Life Insurance Company Underwriter Salary 1 - 12 years exp. (24 salaries)	₹2.5 L/yr - ₹7.3 L/yr 3% more
Iffco Tokio General Insurance Co. Underwriter Salary 2 - 14 years exp. (21 salaries)	₹2.2 L/yr - ₹8.6 L/yr 17% more	1 job opening
HDFC Life Underwriter Salary 0 - 5 years exp. (17 salaries)	₹1.8 L/yr - ₹4.7 L/yr 16% less
Reliance General Insurance Underwriter Salary 0 - 3 years exp. (12 salaries)	₹3 L/yr - ₹8 L/yr 36% more
Gallagher Underwriter Salary 3 - 13 years exp. (10 salaries)	₹9 L/yr - ₹21 L/yr 183% more
Bajaj Allianz Life Insurance Underwriter Salary 1 - 11 years exp. (10 salaries)	₹2.4 L/yr - ₹8 L/yr 8% less
SBI General Insurance Underwriter Salary 0 - 13 years exp. (9 salaries)	₹5 L/yr - ₹11.9 L/yr 96% more
Login to view exact salary
National Insurance Company Underwriter Salary 1 - 4 years exp. (8 salaries)	₹1.5 L/yr - ₹3 L/yr 50% less
Allstate Underwriter Salary 3 - 8 years exp. (7 salaries)	₹4 L/yr - ₹7 L/yr 1% more
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 32% less
Shriram Life Insurance Underwriter Salary 1 - 5 years exp. (5 salaries)	₹1.6 L/yr - ₹3.9 L/yr 46% less
Guardian India Underwriter Salary 2 - 3 years exp. (5 salaries)	₹2.2 L/yr - ₹4.5 L/yr 36% less
Allianz Services Underwriter Salary 4 - 8 years exp. (5 salaries)	₹5.5 L/yr - ₹7.9 L/yr 50% more
PNB MetLife Underwriter Salary 2 - 8 years exp. (4 salaries)	₹2 L/yr - ₹7 L/yr 16% more
MetLife Underwriter Salary 1 - 3 years exp. (3 salaries)	₹3.4 L/yr - ₹4.2 L/yr 14% less
Tata AIA Life Insurance Underwriter Salary 0 - 15 years exp. (3 salaries)	₹6 L/yr - ₹10.5 L/yr 98% more	2 job openings

Underwriter salary at Canara HSBC Life Insurance ranges between ₹3.7 Lakhs to ₹5 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Canara HSBC Life Insurance.

Experience wise Canara HSBC Life Insurance Underwriter salaries

Last Updated: 1 Nov 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹8.1 L/yr
4 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹5 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5 L/yr

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Management Trainee Salary

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Top skills at Canara HSBC Life Insurance for Underwriter

Technical Support Underwriting Medical underwriting Risk Assessment Life Insurance Group Policy Sales Life Insurance Policy Servicing Sales Banking Quality Check Claims Team Leading Retail

Salary related reviews for Canara HSBC Life Insurance

3.1

Rated by 2 employees for salary & benefits

Senior Associate in Belgaum

Full Time

Finance & Accounting Department

4.0

• posted on 25 Jul 2023

4.0

for Salary and Benefits

Likes

Flexible time, salary on time good bank support to generate business

Salary - Good

+3 more

Dislikes

Sales Training is not upto the mark ..service problems are big challenges.. there is no such correct path get resolving any it or service issues

Process Associate in Gurgaon / Gurugram

Full Time

Other Department

5.0

• posted on 01 Feb 2022

4.0

for Salary and Benefits

Likes

Good work environment and cultre. Teammates are supportive and the management is transparent.

Salary - Good

+6 more

Dislikes

There is a lot of politcs and the management doesn’t address our issues. Salary is lil bit lower and career growth is also slow.

Senior Associate in West Delhi

Full Time

Marketing & Communication Department

1.0

• posted on 06 Oct 2024

1.0

for Salary and Benefits

Likes

The way HR fools you by not disclosing their so important company policy. Giving you high salary packages, as a trap.

Dislikes

..., ICICI prudential, but nothing .. seriously nothing is worst like this company. Their reporting managers don't know anything about the process but they only know how to cut your salary... Everyone is here to blaming you only that all your fault. Before joining here I was a good performer in my job i know how to work , in my previous companies I have lots of achievements, but after joining here I loose my self confidence, I loose my mental health, I loose my peace of mind. And all this I got within 4 months of joining. I have resigned here and not expecting to join this company again ever in my life, worst worst worst experience. I will never let go here anyone from my friends and my reference. Suggestion for everyone. I don't have option to give less star than 1 . Every feedback here which show more than 3 star is could be fake or from the higher management or HR or the any lucky person here who got business easily. Worst product they have. They do so much miss sale in branch. Numbers of complaints have registered against their of miss selling. If you are able to do miss sale or Miss guide to the customer, only than you can stay here last long otherwise I bet you.... You won't stay here for long.

Salary - Bad

+6 more

Team Lead in Gurgaon / Gurugram

BFSI, Investments & Trading Department

3.0

• posted on 27 Sep 2020

2.0

for Salary and Benefits

Likes

... band 8 in covid situation co has started 4 lac medical policy... Its good ..... 7 days working, no increament as u know that our ctc is not good i m totally dependent co, currently co hire employees in high package same profile.. Existing employees sitting on same package.. 5 day co policy when i joined now saturday &Sunday working no addition benefit given. ..... Ok what to do. .

Dislikes

No HR value in choice, no ethics, 7 days working, no increament, late night working

Salary - Poor

+3 more

Relationship Officer in Coimbatore

Full Time

Sales & Business Development Department

1.0

• posted on 09 Aug 2024

4.0

for Salary and Benefits

Likes

I worked Canara HSBC for more than 1 year. Most worst experience. No support from reporting manager and also regional manager. Bank managers always used to tell don’t work in Canara HSBC they are cheaters, they tell achievements recognition after archiving they will not do what they said. I worked year 1year, even a single time managers didn’t visit to my branches because Canara HSBC managers don’t have face to meet bank managers. Most worst company I have ever seen.

Salary - Good

+1 more

Dislikes

Only salary is good. Everything is worst. Don’t work with Canara HSBC and don’t loose your time. Products also worst

Job security - Bad

+4 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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Canara HSBC Life Insurance Underwriter Salary FAQs

What is the salary of Underwriter at Canara HSBC Life Insurance ?

The average salary of a Underwriter at Canara HSBC Life Insurance in India typically ranges from ₹3.7 Lakhs to ₹5.0 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Underwriter at Canara HSBC Life Insurance earn more than ₹5.0 Lakhs per year, and the top 1% earn over ₹5.0 Lakhs per year. Underwriter Salaries at Canara HSBC 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 4 Canara HSBC Life Insurance employees in India.

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

The estimated take-home salary of a Underwriter at Canara HSBC Life Insurance in India typically ranges from ₹33,276 to ₹34,541 per month. This is based on the average salary range of ₹3.7 Lakhs to ₹5.0 Lakhs per year for employees with experience ranging from 3 years to 5 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 4 salaries received from various employees of Canara HSBC 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 Canara HSBC Life Insurance ?

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

- Technical Support
- Underwriting
- Medical underwriting
- Risk Assessment
- Life Insurance

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

Which companies offer higher salaries than Canara HSBC 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
SBI General Insurance	₹5.0 Lakhs to ₹11.9 Lakhs per year
ICICI Lombard General Insurance Company	₹3.7 Lakhs to ₹10.0 Lakhs per year

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

What is the salary of a Underwriter in companies similar to Canara HSBC Life Insurance in India?

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

Allianz Services	₹5.5 Lakhs to ₹7.9 Lakhs per year
Reliance General Insurance	₹3.0 Lakhs to ₹8.0 Lakhs per year
Iffco Tokio General Insurance Co.	₹2.2 Lakhs to ₹8.6 Lakhs per year
PNB MetLife	₹2.0 Lakhs to ₹7.0 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 Canara HSBC Life Insurance in India?

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

Experience	Average Salary Range
3 years	₹3.7 Lakhs to ₹8.1 Lakhs per year
4 years	₹3.7 Lakhs to ₹5.0 Lakhs per year
5 years	₹1.9 Lakhs to ₹5.0 Lakhs per year

and so on.

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Canara HSBC Life Insurance Underwriter Salaries

Canara HSBC Life Insurance Underwriter salary in India ranges between ₹3.7 Lakhs to ₹5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Canara HSBC Life Insurance latest salaries received from various employees of Canara HSBC Life Insurance.