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Cholamandalam MS General Insurance Underwriter salaries in India (Updated 2025)

Annual salary range
0 - 9 years exp.
₹2 Lakhs - ₹9.9 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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At par with the average Underwriter Salary in Insurance Companies for 0 - 9 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Underwriter Salary
2 - 9 years exp. (3 salaries)
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₹2 L/yr - ₹9.9 L/yr

Customer Success, Service & Operations
Underwriter Salary
4 - 5 years exp. (AmbitionBox Estimate)
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₹3.1 L/yr - ₹6.1 L/yr

Production, Manufacturing & Engineering
Underwriter Salary
0 - 1 year exp. (AmbitionBox Estimate)
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₹2.2 L/yr - ₹6 L/yr

Risk Management & Compliance
Underwriter Salary
0 - 6 years exp. (AmbitionBox Estimate)
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₹2.9 L/yr - ₹6.1 L/yr

Last Updated: 20 Jan 2025

Companies similar to Cholamandalam MS General Insurance for Underwriter

Company name Avg Annual Salary Open Jobs
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₹3 L/yr - ₹10 L/yr

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Axis Max Life Insurance Underwriter Salary

1 - 5 years exp. (11 salaries)

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₹2.1 L/yr - ₹3.1 L/yr

arrow icon 55% less
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Gallagher Underwriter Salary

3 - 13 years exp. (10 salaries)

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₹9 L/yr - ₹21 L/yr

arrow icon 132% more
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Bajaj Allianz Life Insurance Underwriter Salary

1 - 11 years exp. (10 salaries)

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₹2.4 L/yr - ₹8 L/yr

arrow icon 25% less
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SBI General Insurance Underwriter Salary

0 - 13 years exp. (8 salaries)

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₹5 L/yr - ₹11.9 L/yr

arrow icon 58% more
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₹3.4 L/yr - ₹8.1 L/yr

arrow icon 5% less
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IndiaFirst Life Insurance Underwriter Salary

4 - 7 years exp. (5 salaries)

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₹2.8 L/yr - ₹6 L/yr

arrow icon 19% less
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Allianz Services Underwriter Salary

4 - 8 years exp. (5 salaries)

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₹5.5 L/yr - ₹7.9 L/yr

arrow icon 23% more
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Swiss Re Underwriter Salary

1 - 8 years exp. (4 salaries)

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₹7.4 L/yr - ₹26 L/yr

arrow icon 225% more
1 job opening
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₹3 L/yr - ₹20 L/yr

arrow icon 102% more
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Bharti AXA Life Insurance Underwriter Salary

0 - 6 years exp. (4 salaries)

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₹3.8 L/yr - ₹7.5 L/yr

arrow icon 3% more
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Edelweiss Life Insurance Underwriter Salary

2 - 4 years exp. (4 salaries)

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₹3.6 L/yr - ₹6 L/yr

arrow icon 14% less
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Shriram General Insurance Underwriter Salary

0 - 4 years exp. (4 salaries)

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₹2.2 L/yr - ₹5 L/yr

arrow icon 34% less
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MetLife Underwriter Salary

1 - 3 years exp. (3 salaries)

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₹3.4 L/yr - ₹4.2 L/yr

arrow icon 29% less
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₹5.1 L/yr - ₹7.1 L/yr

arrow icon 18% more
Underwriter salary at Cholamandalam MS General Insurance ranges between ₹2 Lakhs to ₹9.9 Lakhs per year for employees with less than 1 year of experience to 9 years. Salary estimates are based on 10 latest salaries received from various employees of Cholamandalam MS General Insurance.

Latest annual salaries shared by Cholamandalam MS General Insurance Underwriter

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Experience wise Cholamandalam MS General Insurance Underwriter salaries

Last Updated: 20 Jan 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹2.2 L/yr - ₹8.4 L/yr
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹8.7 L/yr
2 years (AmbitionBox Estimate)

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₹2 L/yr - ₹9 L/yr
3 years (AmbitionBox Estimate)

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₹4.7 L/yr - ₹6 L/yr
4 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹9.6 L/yr
View all

Similar Designation salaries in Cholamandalam MS General Insurance

Senior Underwriter Salary
(AmbitionBox Estimate)
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₹3.1 L/yr - ₹3.9 L/yr
Analyst Salary
(AmbitionBox Estimate)
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₹11.7 L/yr - ₹15 L/yr
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₹4.4 L/yr - ₹11.9 L/yr
Team Lead Salary
(36 salaries)
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₹2.8 L/yr - ₹9.5 L/yr
Chief Manager Salary
(20 salaries)
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₹19 L/yr - ₹30 L/yr
Underwriting Analyst Salary
(AmbitionBox Estimate)
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₹4.5 L/yr - ₹5.8 L/yr
Credit Manager Salary
(5 salaries)
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₹4.7 L/yr - ₹8 L/yr
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₹1.2 L/yr - ₹4.93 L/yr
Deputy Manager Salary
(66 salaries)
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₹4 L/yr - ₹11.25 L/yr
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₹3.5 L/yr - ₹8 L/yr

Top skills at Cholamandalam MS General Insurance for Underwriter

Claims SMS customer support Debit Note Training Customer Service

Salary related reviews for Cholamandalam MS General Insurance

2.2

Rated by 3 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 15 Feb 2022

3.0
 for  Salary and Benefits

Likes

The company provides a very high job security and you would never face any delays in salary. The leaves offered by the company are also good in comparison to other companies.

read more
  • Job security - Excellent

Dislikes

The companies culture is not meant for youngsters or people who wants to work in a challenging and learning environment. A lot of People in this company are working since 10-15 years and have a very rigid mentality and approach towards work. The gowth trajectory is very slow and the learning curve is also flat.

read more
  • Skill development - Bad
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 20 Nov 2024

3.0
 for  Salary and Benefits

Likes

Good company. Having Employee friendly. Happy to work here...

  • Skill development - Excellent
  • +5 more

Dislikes

Only In company promotion you can't get salary hike as you deserved . Some of the points your salary is laser then your colleagues and team.

read more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 07 Aug 2023

3.0
 for  Salary and Benefits

Likes

Nothing

Dislikes

Appraisals are terrible here even if achieved 275% of ytd target they increase only 7% of salary..no personal life teams meeting every now and then infact after working hours also, continue warning of termination if you fail to achieve daily numbers

read more
  • Promotions - Bad
  • +3 more

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 06 Jan 2023

2.0
 for  Salary and Benefits

Likes

Murugappa group is a very big group, One of them is Chola General Insurance. Salary is good in the company.

read more

Dislikes

The company has a great name, but the company's senior front-line executives are not doing well in support.. The company does not use today's technology in the work.

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 17 Jan 2023

5.0
 for  Salary and Benefits

Likes

...nts like tata, icici, Hdfc far better. No stress and dirty internal politics. Variables pay also high as compare to mention company.

read more
  • Salary - Excellent
  • +6 more

Dislikes

weekly 1 off, need to change in 5 day working week.

see more salary related reviews

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Cholamandalam MS General Insurance Underwriter Salary FAQs

What is the salary of Underwriter at Cholamandalam MS General Insurance ?
The average salary of a Underwriter at Cholamandalam MS General Insurance in India typically ranges from ₹2.0 Lakhs to ₹9.9 Lakhs per year, depending on experience (from Fresher to 9 years).

The top 10% of Underwriter at Cholamandalam MS General Insurance earn more than ₹9.2 Lakhs per year, and the top 1% earn over ₹9.9 Lakhs per year. Underwriter Salaries at Cholamandalam MS General 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 Cholamandalam MS General Insurance employees in India.
What is the estimated take home salary of a Underwriter at Cholamandalam MS General Insurance in India?
The estimated take-home salary of a Underwriter at Cholamandalam MS General Insurance in India typically ranges from ₹41,059 to ₹42,208 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹9.9 Lakhs per year for employees with experience ranging from Fresher to 9 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 Cholamandalam MS General 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 Cholamandalam MS General Insurance ?
To be a Underwriter at Cholamandalam MS General Insurance in india, the key skills required include:

  • - Claims
  • - SMS
  • - customer support
  • - Debit Note
  • - Training

These skills are highly valued at Cholamandalam MS General Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Cholamandalam MS General Insurance for Underwriter in India?
Swiss Re ₹7.4 Lakhs to ₹26.0 Lakhs per year
Gallagher ₹9.0 Lakhs to ₹21.0 Lakhs per year
Life Insurance Corporation of India ₹3.0 Lakhs to ₹20.0 Lakhs per year
SBI General Insurance ₹5.0 Lakhs to ₹11.9 Lakhs per year
Allianz Services ₹5.5 Lakhs to ₹7.9 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Cholamandalam MS General Insurance, depending on the role and experience level.
What is the salary of a Underwriter in companies similar to Cholamandalam MS General Insurance in India?
The salary of a Underwriter at companies similar to Cholamandalam MS General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Royal Sundaram General Insurance ₹3.0 Lakhs to ₹10.0 Lakhs per year
Universal Sompo General Insurance ₹5.1 Lakhs to ₹7.1 Lakhs per year
Bharti AXA Life Insurance ₹3.8 Lakhs to ₹7.5 Lakhs per year
Magma HDI General Insurance ₹3.4 Lakhs to ₹8.1 Lakhs per year
Edelweiss Life Insurance ₹3.6 Lakhs to ₹6.0 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 Cholamandalam MS General Insurance in India?
The salary growth for a Underwriter at Cholamandalam MS General Insurance depends on factors such as experience, performance, and promotions. On average, a Underwriter can expect the following growth trajectory at Cholamandalam MS General Insurance:

Experience Average Salary Range
Fresher ₹2.2 Lakhs to ₹8.4 Lakhs per year
1 year ₹2.5 Lakhs to ₹8.7 Lakhs per year
2 years ₹2.0 Lakhs to ₹9.0 Lakhs per year
3 years ₹4.7 Lakhs to ₹6.0 Lakhs per year
and so on.

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Cholamandalam MS General Insurance Underwriter salary in India ranges between ₹2 Lakhs to ₹9.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Cholamandalam MS General Insurance latest salaries received from various employees of Cholamandalam MS General Insurance.