EXL Service Underwriting Associate Salaries by 5 Employees (Updated 2025)

1 - 3 years exp.

₹1.8 Lakh - ₹5.3 Lakhs

Low Confidence

Salary of majority employees

24% less than the average Underwriting Associate Salary in Analytics & KPO Companies for 1 - 3 years of experience

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Last Updated: 18 Mar 2025

Companies similar to EXL Service for Underwriting Associate

Company name	Avg Annual Salary	Open Jobs
Genpact Underwriting Associate Salary 1 - 3 years exp. (14 salaries)	₹2.4 L/yr - ₹4.5 L/yr 24% more
WNS Underwriting Associate Salary 0 - 9 years exp. (7 salaries)	₹2.5 L/yr - ₹6.2 L/yr 37% more
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TCS Underwriting Associate Salary 0 - 5 years exp. (6 salaries)	₹2 L/yr - ₹4.4 L/yr 5% more
Accenture Underwriting Associate Salary 1 - 6 years exp. (179 salaries)	₹1.5 L/yr - ₹7 L/yr 33% more
Guardian India Underwriting Associate Salary 0 - 10 years exp. (11 salaries)	₹2.1 L/yr - ₹5.1 L/yr 26% more

Underwriting Associate salary at EXL Service ranges between ₹1.8 Lakh to ₹5.3 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 5 latest salaries received from various employees of EXL Service.

Experience wise EXL Service Underwriting Associate salaries

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹1.8 L/yr - ₹1.8 L/yr
2 years (3 salaries)	₹1.8 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5.3 L/yr

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Salary related reviews for EXL Service

2.0

Rated by 1 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

Quality Analyst in Pune

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 29 Feb 2024

3.0

for Salary and Benefits

Likes

EXL Service is a good company overall in case of IJPs. If you are looking to learn and grow fast EXL is a good option.

Skill development - Excellent

+5 more

Dislikes

The only drawback in working with EXL is the salary. The salary is very low as compared to market standards and if someone wants to leave they don't have a retention policy of offering an increment. No matter how how big of an asset you are for the company they won't retain you unless you are on the level of OPS manager and above. Even if your manager tries the HR won't approve a pay raise. On The contrary while hiring QA from outside they offer good package but won't offer the same to a QA who has been outperforming in the process and seems to be a valuable asset.

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

Quality Analyst in Pune

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 13 Jul 2023

1.0

for Salary and Benefits

Likes

I'm working in EXL from last 4 years , good environment to work but problem is salary as compare to other companies exl is very poor about salary Promoted as QCA and still didn't got appraisal for it so sad.. Best for freshers only for minimum 2 years then u have to leave it otherwise u will stuck there.

Job security - Excellent

+1 more

Dislikes

Exl is very poor about salary Also I didn't get appraisal for my promotion that's so sad for me

Salary - Bad

+2 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

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EXL Service Underwriting Associate Salary FAQs

What is the salary of Underwriting Associate at EXL Service ?

The average salary of a Underwriting Associate at EXL Service in India typically ranges from ₹1.8 Lakhs to ₹5.3 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Underwriting Associate at EXL Service earn more than ₹5.3 Lakhs per year, and the top 1% earn over ₹5.3 Lakhs per year. Underwriting Associate 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 5 EXL Service employees in India.

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

The estimated take-home salary of a Underwriting Associate at EXL Service in India typically ranges from ₹21,778 to ₹23,264 per month. This is based on the average salary range of ₹1.8 Lakhs to ₹5.3 Lakhs per year for employees with experience ranging from 1 year to 3 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 5 salaries received from various employees of EXL Service. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than EXL Service for Underwriting Associate in India?

WNS	₹2.5 Lakhs to ₹6.2 Lakhs per year
Accenture	₹1.5 Lakhs to ₹7.0 Lakhs per year
Guardian India	₹2.1 Lakhs to ₹5.1 Lakhs per year
Genpact	₹2.4 Lakhs to ₹4.5 Lakhs per year
TCS	₹2.0 Lakhs to ₹4.4 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.

How the salary growth look like for a Underwriting Associate at EXL Service in India?

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

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹1.8 Lakhs per year
2 years	₹1.8 Lakhs to ₹4.0 Lakhs per year
3 years	₹1.7 Lakhs to ₹5.3 Lakhs per year

and so on.

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EXL Service Underwriting Associate Salaries

EXL Service Underwriting Associate salary in India ranges between ₹1.8 Lakh to ₹5.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 EXL Service latest salaries received from various employees of EXL Service.