EXL Service Commercial Underwriter Salaries by 10+ Employees (Updated 2025)

2 - 15 years exp.

₹4.7 Lakhs - ₹6.5 Lakhs

Salary of majority employees

13% less than the average Commercial Underwriter Salary in Analytics & KPO Companies for 2 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Commercial Underwriter Salary 3 - 8 years exp. (5 salaries)	₹4.8 L/yr - ₹6 L/yr
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Customer Success, Service & Operations Commercial Underwriter Salary 4 - 15 years exp. (5 salaries)	₹4.7 L/yr - ₹6.5 L/yr

Last Updated: 22 Jan 2025

Companies similar to EXL Service for Commercial Underwriter

Company name	Avg Annual Salary	Open Jobs
Biz 2 Credit Info Services Commercial Underwriter Salary 0 - 7 years exp. (43 salaries)	₹2.5 L/yr - ₹10.4 L/yr 2% less	1 job opening
bluCognition Commercial Underwriter Salary 2 - 6 years exp. (9 salaries)	₹4.2 L/yr - ₹11.5 L/yr 25% more
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Bajaj Allianz General Insurance Commercial Underwriter Salary 1 - 10 years exp. (7 salaries)	₹6.5 L/yr - ₹9.6 L/yr 25% more
Reliance General Insurance Commercial Underwriter Salary 1 - 4 years exp. (6 salaries)	₹4.5 L/yr - ₹8.5 L/yr 6% more
American Express Commercial Underwriter Salary 9 - 15 years exp. (5 salaries)	₹11.5 L/yr - ₹20 L/yr 171% more

Commercial Underwriter salary at EXL Service ranges between ₹4.7 Lakhs to ₹6.5 Lakhs per year for employees with experience between 2 years to 15 years. Salary estimates are based on 14 latest salaries received from various employees of EXL Service.

Experience wise EXL Service Commercial Underwriter salaries

Last Updated: 22 Jan 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹5.8 L/yr
3 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.3 L/yr
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4 years (AmbitionBox Estimate)	₹4.7 L/yr - ₹10.4 L/yr
5 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹10.5 L/yr
6 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.7 L/yr
7 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹10.6 L/yr
8 years (AmbitionBox Estimate)	₹5.2 L/yr - ₹6 L/yr
9 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹6.8 L/yr
10 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹10.7 L/yr
11 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.1 L/yr
12 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.5 L/yr
13 years (3 salaries)	₹5 L/yr - ₹6.5 L/yr
14 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹7 L/yr
15+ years (AmbitionBox Estimate)	₹5.4 L/yr - ₹11 L/yr

View all

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₹2.5 L/yr - ₹10 L/yr

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Associate Consultant Salary

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Top skills at EXL Service for Commercial Underwriter

Underwriting Claims broking Reinsurance Credit Control General Insurance Insurance Underwriting Motor Insurance Marine Insurance Underwriting Credit Control Downstream Processing Capital Market Claims Reinsurance

Salary related reviews for EXL Service

3.0

Rated by 3 employees for salary & benefits

Senior Associate in Noida (working remotely)

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 03 Oct 2024

2.0

for Salary and Benefits

Likes

Their work culture is good overe there all supervisors and managers are supportive.

Job security - Good

+3 more

Dislikes

Their salary structure they don't do increment as employee expectations. And also they don't offers good salary to their employees in insurance Process.

Salary - Poor

+1 more

Business Analyst in Ahmedabad

Full Time

Consulting Department

3.0

• posted on 14 Mar 2024

1.0

for Salary and Benefits

Likes

You will not be fired. They will try their best to accomodate you with any client. They had all good banking clients, and had good projects. This is before 2020

Job security - Good

+1 more

Dislikes

Salary is the worst. You don't promotions and incentives based on your but based on your

Salary - Bad

+4 more

Senior Associate in Noida

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 05 Jan 2024

2.0

for Salary and Benefits

Likes

Work from home . if you're a fresher graduate you can.

Dislikes

Salary... they give salary in penny, chillers, Managers. I want to take names Kiran and mukesh ( she is real evil ) Ther are the real enemy they will cut you down after hiring 1.5 lac to 2 lac freshers😆 this is how they justify their salary... You can't take you CL PL SL, if you want you have to work on Saturday, I don't know when or ever government will look these matters? They will deduct employees PF plus employers pension amount from your salary 😆😆😆 And because you are the employee you cant argue about it because boss is always right.. (This is Illigal) And HRs they will sell themselves in just 2 thousands. Good luck 🤞

Salary - Poor

+5 more

Associate Consultant in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 28 Sep 2023

1.0

for Salary and Benefits

Likes

If you have non other option you can join it else ho for other companies

Dislikes

Everything Salary variation is too much Let's take one employee is getting 4 LPA but another employee for same post same lob may be getting 10 LPA NON AC CAB

Salary - Bad

+5 more

Business Analyst in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

4.0

• posted on 17 Jun 2023

3.0

for Salary and Benefits

Likes

Love the culture that promotes ideas and suggestions from all levels of position.

Job security - Good

+2 more

Dislikes

The work-life balance is almost zero with almost 15-hour days with no compensation as leaves or incentives( at least in my case). the room for learning anything new is low just due to these long hou

Skill development - Poor

+1 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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EXL Service Commercial Underwriter Salary FAQs

What is the salary of Commercial Underwriter at EXL Service ?

The average salary of a Commercial Underwriter at EXL Service in India typically ranges from ₹4.7 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 2 years to 15 years).

The top 10% of Commercial Underwriter at EXL Service earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Commercial Underwriter Salaries at EXL Service 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+ EXL Service employees in India.

What is the estimated take home salary of a Commercial Underwriter at EXL Service in India?

The estimated take-home salary of a Commercial Underwriter at EXL Service in India typically ranges from ₹44,910 to ₹46,002 per month. This is based on the average salary range of ₹4.7 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 2 years to 15 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 EXL Service. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Commercial Underwriter at EXL Service ?

To be a Commercial Underwriter at EXL Service in india, the key skills required include:

- Underwriting
- Claims
- broking
- Reinsurance
- Credit Control

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

Which companies offer higher salaries than EXL Service for Commercial Underwriter in India?

American Express	₹11.5 Lakhs to ₹20.0 Lakhs per year
Bajaj Allianz General Insurance	₹6.5 Lakhs to ₹9.6 Lakhs per year
bluCognition	₹4.2 Lakhs to ₹11.5 Lakhs per year
Reliance General Insurance	₹4.5 Lakhs to ₹8.5 Lakhs per year

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

What is the salary of a Commercial Underwriter in companies similar to EXL Service in India?

The salary of a Commercial Underwriter at companies similar to EXL Service in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Biz 2 Credit Info Services

₹2.5 Lakhs to ₹10.4 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 Commercial Underwriter at EXL Service in India?

The salary growth for a Commercial Underwriter at EXL Service depends on factors such as experience, performance, and promotions. On average, a Commercial Underwriter can expect the following growth trajectory at EXL Service:

Experience	Average Salary Range
2 years	₹2.3 Lakhs to ₹5.8 Lakhs per year
3 years	₹5.5 Lakhs to ₹10.3 Lakhs per year
4 years	₹4.7 Lakhs to ₹10.4 Lakhs per year
5 years	₹4.8 Lakhs to ₹10.5 Lakhs per year

and so on.

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EXL Service Commercial Underwriter Salaries

EXL Service Commercial Underwriter salary in India ranges between ₹4.7 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 EXL Service latest salaries received from various employees of EXL Service.