General Insurance Underwriter Salaries by 3 Employees (Updated 2024)

3 - 6 years exp.

₹3 Lakhs - ₹6 Lakhs

Low Confidence

Salary of majority employees

6% less than the average Underwriter Salary in Insurance Companies for 3 - 6 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriter Salary 3 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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Quality Assurance Underwriter Salary 6 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr

Last Updated: 15 Aug 2024

Companies similar to General Insurance for Underwriter

Company name	Avg Annual Salary	Open Jobs
Life Insurance Corporation of India Underwriter Salary 3 - 31 years exp. (4 salaries)	₹3 L/yr - ₹20 L/yr 120% more
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (43 salaries)	₹3.7 L/yr - ₹9.5 L/yr 42% more
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HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (13 salaries)	₹3 L/yr - ₹7.2 L/yr 38% more
Bajaj Allianz General Insurance Underwriter Salary 2 - 10 years exp. (11 salaries)	₹1 L/yr - ₹5.7 L/yr 27% less
United India Insurance Company Underwriter Salary 1 - 6 years exp. (7 salaries)	₹1.6 L/yr - ₹3.5 L/yr 50% less
National Insurance Company Underwriter Salary 1 - 4 years exp. (8 salaries)	₹1.5 L/yr - ₹3 L/yr 55% less
Reliance General Insurance Underwriter Salary 0 - 3 years exp. (12 salaries)	₹3 L/yr - ₹8 L/yr 22% more
Tata AIG Underwriter Salary 0 - 4 years exp. (33 salaries)	₹5.1 L/yr - ₹12.9 L/yr 100% more	1 job opening
SBI General Insurance Underwriter Salary 0 - 14 years exp. (9 salaries)	₹5 L/yr - ₹14 L/yr 115% more
Star Health & Allied Insurance Underwriter Salary 0 - 8 years exp. (64 salaries)	₹1.4 L/yr - ₹4.1 L/yr 47% less
Iffco Tokio General Insurance Co. Underwriter Salary 4 - 16 years exp. (26 salaries)	₹1.7 L/yr - ₹9 L/yr 25% more	1 job opening
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SBI Life Insurance Company Underwriter Salary 0 - 10 years exp. (23 salaries)	₹2 L/yr - ₹6.5 L/yr 23% less
Gallagher Underwriter Salary 3 - 13 years exp. (10 salaries)	₹9 L/yr - ₹21 L/yr 176% more
Bajaj Allianz Life Insurance Underwriter Salary 1 - 6 years exp. (10 salaries)	₹2.4 L/yr - ₹6.5 L/yr 29% less
Allstate Underwriter Salary 3 - 8 years exp. (6 salaries)	₹4.5 L/yr - ₹7 L/yr 3% less
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 39% less
Shriram Life Insurance Underwriter Salary 1 - 5 years exp. (5 salaries)	₹1.6 L/yr - ₹3.9 L/yr 51% less
Canara HSBC Life Insurance Underwriter Salary 3 - 7 years exp. (5 salaries)	₹3.5 L/yr - ₹5 L/yr 6% less
AXA Business Services Underwriter Salary 6 - 12 years exp. (5 salaries)	₹3.5 L/yr - ₹5.7 L/yr 8% less
Digit Insurance Underwriter Salary 0 - 7 years exp. (5 salaries)	₹8 L/yr - ₹11.4 L/yr 96% more

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Underwriter salary at General Insurance ranges between ₹3 Lakhs to ₹6 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 3 latest salaries received from various employees of General Insurance.

Experience wise General Insurance Underwriter salaries

Last Updated: 15 Aug 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr
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6 years (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.9 L/yr

Similar Designation salaries in General Insurance

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(AmbitionBox Estimate)

₹7.2 L/yr - ₹9.2 L/yr

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Chief Manager Salary

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₹16.2 L/yr - ₹20.7 L/yr

Senior Associate Salary

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Senior Analyst Salary

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Management Trainee Salary

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Process Associate Salary

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Salary related reviews for General Insurance

Kolkata in Kolkata

Sales & Business Development Department

4.0

• posted on 22 Apr 2021

4.0

for Salary and Benefits

Likes

I have worked in general insurance and i have experience and feild working habituated.I have issues policy from TATA, Chola, Shriram, Bajaj,go digit , ICICI Lombard from welcom financial Pvt Ltd Kolkata.I have interested with general insurance company

Dislikes

Nathing special but claim settlement should be fast for the customer's

LOSS ASSESSOR RISK INSPECTION ENGINEER,FACULTY in Noida

In industries --quality, production, in general insurance claims assess... Department

5.0

• posted on 20 Aug 2019

5.0

for Salary and Benefits

Likes

I am an expert in Motor claims of unlimited estimated loss. Carried out more than 11000 surveys so far. I like it and also delivered lectures in several national level seminars and work shops. I am honored to opine on the motor litigated and cases filed before the ombudsman for decision. I give my opinion on base of insurance laws and technicalities on the claims. I am also expert in pre insurance inspection /Risk Inspections also in Risk management of non motor insurance. I like the most above both jabs. I have deep knowledge of law and engineering/ technicality of the claims. I am very innovative with technology and laws and cooperative with the colleagues and do respect the bosses.

Dislikes

i like this industry. as my job is dependent on insurers so, some time i face deputation problem.

Regional Manager

BFSI, Investments & Trading Department

5.0

• posted on 16 Jul 2018

5.0

for Salary and Benefits

Likes

When Insurance industry was opened for for private participation in 2004, it was projected by market leaders that the existing public sector general insurance [PSGI] will be doomed in five years. Alas, that it was not to be. Even now the PSGI compnies hold more than 50% of Market Share of General Insurance Premium and is growing steadily and are making the Pvt. Sector Insurance companies run for their money. Unlike Life insurance where investments are made for long term, the general insurance contracts are annual in nature, yet the public confidence is still with PSGI companies. There can be delay but there won't be deny in case of any major catastrophe. Ofcourse, the PSGI companies have to be more customer friendly when it comes to hassle free acceptance of premium as well as settlement of claims by using the latest advanced automation/digitilaisation.

Dislikes

At times it may be frustrating for the really competent persons as out of turn recognition / elevation is not possible, as well as tougher industrial relations -- because of the undue advantage taken by certain undeserving elements taking protection under the prrevailing reservation system.

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a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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General Insurance Underwriter Salary FAQs

What is the notice period for Underwriter at General Insurance?

According to AmbitionBox, 100% of the General Insurance Underwriters reported a notice period of 15 days or less.This is based on 2 responses on AmbitionBox in last 2 years.

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General Insurance Underwriter Salaries

General Insurance Underwriter salary in India ranges between ₹3 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 General Insurance latest salaries received from various employees of General Insurance.