EXL Service Underwriter Salaries by 30+ Employees (Updated 2025)

1 - 8 years exp.

₹2 Lakhs - ₹6 Lakhs

Salary of majority employees

25% less than the average Underwriter Salary in Analytics & KPO Companies for 1 - 8 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriter Salary 3 - 8 years exp. (9 salaries)	₹2.8 L/yr - ₹6 L/yr
Customer Success, Service & Operations Underwriter Salary 1 - 7 years exp. (7 salaries)	₹2.9 L/yr - ₹5.5 L/yr
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Quality Assurance Underwriter Salary 5 - 7 years exp. (4 salaries)	₹2.9 L/yr - ₹5.8 L/yr
Engineering - Software & QA Underwriter Salary 4 - 6 years exp. (AmbitionBox Estimate)	₹3.1 L/yr - ₹5.5 L/yr
CSR & Social Service Underwriter Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹3 L/yr - ₹4.9 L/yr

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Last Updated: 11 Feb 2025

Companies similar to EXL Service for Underwriter

Company name	Avg Annual Salary	Open Jobs
TCS Underwriter Salary 1 - 7 years exp. (32 salaries)	₹1.8 L/yr - ₹7.5 L/yr 11% less
Wipro Underwriter Salary 1 - 6 years exp. (23 salaries)	₹1.8 L/yr - ₹6 L/yr 7% less
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Infosys Underwriter Salary 2 - 5 years exp. (6 salaries)	₹3.9 L/yr - ₹4.5 L/yr 8% more
Genpact Underwriter Salary 1 - 6 years exp. (42 salaries)	₹2.5 L/yr - ₹6.4 L/yr At par	1 job opening
Cognizant Underwriter Salary 2 - 5 years exp. (7 salaries)	₹3.4 L/yr - ₹8.5 L/yr 31% more
Accenture Underwriter Salary 0 - 4 years exp. (64 salaries)	₹1.5 L/yr - ₹5.5 L/yr 17% less
Capgemini Underwriter Salary 3 - 10 years exp. (4 salaries)	₹3.5 L/yr - ₹4.8 L/yr 3% more
HCLTech Underwriter Salary 4 - 10 years exp. (5 salaries)	₹3.1 L/yr - ₹5.8 L/yr 9% more
WNS Underwriter Salary 2 - 9 years exp. (25 salaries)	₹2 L/yr - ₹7 L/yr 21% more

Underwriter salary at EXL Service ranges between ₹2 Lakhs to ₹6 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 31 latest salaries received from various employees of EXL Service.

Experience wise EXL Service Underwriter salaries

Last Updated: 11 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.1 L/yr - ₹3 L/yr
2 years (3 salaries)	₹2 L/yr - ₹5.6 L/yr
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3 years (4 salaries)	₹3 L/yr - ₹4.2 L/yr
4 years (8 salaries)	₹2.8 L/yr - ₹5.5 L/yr
5 years (4 salaries)	₹4 L/yr - ₹4.5 L/yr
6 years (3 salaries)	₹4.5 L/yr - ₹6 L/yr
7 years (4 salaries)	₹4.5 L/yr - ₹5.8 L/yr
8 years (4 salaries)	₹4.8 L/yr - ₹6 L/yr

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Similar Designation salaries in EXL Service

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(14 salaries)

₹3.1 L/yr - ₹5.8 L/yr

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Mortgage Underwriter Salary

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Team Lead Salary

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₹4.9 L/yr - ₹11.83 L/yr

Underwriting Analyst Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Senior Associate Salary

(2.4k salaries)

₹1.19 L/yr - ₹8 L/yr

Senior Analyst Salary

(240 salaries)

₹2.5 L/yr - ₹10 L/yr

Deputy Manager Salary

(64 salaries)

₹6.5 L/yr - ₹15.1 L/yr

Management Trainee Salary

(7 salaries)

₹10 L/yr - ₹19 L/yr

Area Credit Manager Salary

(AmbitionBox Estimate)

₹18 L/yr - ₹23 L/yr

Top skills at EXL Service for Underwriter

Underwriting Insurance Underwriting General Insurance Motor Insurance Marine Insurance Policy Issuance Insurance Underwriting Underwriting Medical underwriting General Insurance Medical Underwriting Reinsurance Motor Insurance Financial Statements Credit Research

Salary related reviews for EXL Service

3.0

Rated by 4 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

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

Process Associate in Noida

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 18 Oct 2023

3.0

for Salary and Benefits

Likes

floor community is the nature of EXL employees they makes community and tries to terminate to new hires and AM and Manager are deaf and dumb in many process

Dislikes

i don't like EXL floor community low salary package and long shift hours

Promotions - Poor

+1 more

Senior Associate in Noida

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 14 Jul 2023

1.0

for Salary and Benefits

Likes

Nothing special to say well for EXL Services.

Dislikes

No Given good aapraisal and promotion. Very bad experience I face in EXL Services. The salary package in which I joined as a fresher in EXL Services. after completing 4 years in EXL hardly 25 to 30 thousands rupees increased in my salary package.

Salary - Bad

+4 more

Senior Associate in Noida

Full Time

Consulting Department

4.0

• posted on 13 Oct 2022

3.0

for Salary and Benefits

Likes

Working environment and company culture is excellent. Just Do your work efficiently and you don't have a problem. In my team, there is no overtime, only if you are managing your task well.

Job security - Excellent

+3 more

Dislikes

The Appraisal and Promotion is a problem in EXL. The incentive is there to soothe you, however the salary is still average. You can say the work load is according to the salary.

see more salary related reviews

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Salary Discussions, Hike & Promotions

an architect

Help me choose New Regime or Old Regime for my salary revision

Hi I am working as a full stack Architect (14 yeo) and Following is my CTC. Please help me calculate in hand salary and choose New or OLD regime. I have been doing Old regime till last year with a salary of 48 CTC. Now post revision it increased to 56L CTC effective March 1st. My PF alone will cover 80C Also have additional 50000 contribution in NPS My HRA is around 25K per month (300000) Health insurance for family 28000 Mom's medical expense 30000 (No personal (Have medical complications) or corporate insurance unfortunately) I have a home loan however its under construction, so not eligible yet for tax benefits

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EXL Service Underwriter Salary FAQs

What is the salary of Underwriter at EXL Service?

Underwriter salary at EXL Service in India ranges between ₹2.0 Lakhs to ₹6.0 Lakhs for experience between 1 years to 8 years. According to our estimates it is 25% less than the average Underwriter Salary in India. Salary estimates are based on 31 latest salaries received from various employees of EXL Service India.

How does the salary of a Underwriter at EXL Service India compare with the average salary range for this job?

The average salary of a Underwriter at EXL Service is 25% less than the average salary of a Underwriter in India. To know exact salary insights, login to view.

What are the top skills required to work as a Underwriter at EXL Service?

Underwriting, Insurance Underwriting, General Insurance, Motor Insurance and Marine Insurance are some of the popular skills required to work as a Underwriter at EXL Service India.

Which similar companies are paying more than EXL Service to a Underwriter in India?

Cognizant Underwriter Salary - ₹3.4 Lakhs to ₹8.5 Lakhs per year
WNS Underwriter Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
HCLTech Underwriter Salary - ₹3.1 Lakhs to ₹5.8 Lakhs per year
Infosys Underwriter Salary - ₹3.9 Lakhs to ₹4.5 Lakhs per year
Capgemini Underwriter Salary - ₹3.5 Lakhs to ₹4.8 Lakhs per year

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

Genpact Underwriter Salary - ₹2.5 Lakhs to ₹6.4 Lakhs per year
Wipro Underwriter Salary - ₹1.8 Lakhs to ₹6.0 Lakhs per year
TCS Underwriter Salary - ₹1.8 Lakhs to ₹7.5 Lakhs per year
Accenture Underwriter Salary - ₹1.5 Lakhs to ₹5.5 Lakhs per year

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

The estimated take-home salary of a Underwriter at EXL Service ranges between ₹29,612 per month to ₹30,932 per month in India. The take-home salary calculation is based on the average EXL Service Underwriter salary in India which ranges between ₹2.0 Lakhs to ₹6.0 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?

What is the notice period for Underwriter at EXL Service?

According to AmbitionBox, 79% of the EXL Service Underwriters reported a notice period of 1 Month, 21% reported a notice period of 2 Months.This is based on 14 responses on AmbitionBox in last 2 years.

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EXL Service Underwriter Salaries

EXL Service Underwriter salary in India ranges between ₹2 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 31 EXL Service latest salaries received from various employees of EXL Service.