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HDFC Ergo General Insurance Underwriting Manager salaries in Mumbai

Annual salary range
5 - 12 years exp.
₹10.5 Lakhs - ₹18.4 Lakhs
Salary of majority employees
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27% more than the average Underwriting Manager Salary in Insurance Companies for 5 - 12 years of experience

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Last Updated: 21 Aug 2023

Companies similar to HDFC Ergo General Insurance for Underwriting Manager in Mumbai

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HDFC Ergo General Insurance Underwriting Manager Salary

5 - 12 years exp. (8 salaries)
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₹10.5 L/yr - ₹18.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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ICICI Lombard General Insurance Company Underwriting Manager Salary

1 - 17 years exp. (6 salaries)
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₹5.8 L/yr - ₹14.5 L/yr

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Reliance General Insurance Underwriting Manager Salary

0 - 5 years exp. (8 salaries)
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₹4.5 L/yr - ₹10 L/yr

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SBI General Insurance Underwriting Manager Salary

11 - 14 years exp. (4 salaries)
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₹9.7 L/yr - ₹12.2 L/yr

arrow icon 11% less
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Future Generali India Life Insurance Underwriting Manager Salary

9 - 13 years exp. (3 salaries)
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₹10 L/yr - ₹10.1 L/yr

arrow icon 15% less
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ICICI Prudential Life Insurance Underwriting Manager Salary

0 - 16 years exp. (8 salaries)
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₹6 L/yr - ₹10.5 L/yr

arrow icon 33% less
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Kotak Mahindra General Insurance Underwriting Manager Salary

4 - 14 years exp. (7 salaries)
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₹2.8 L/yr - ₹11.1 L/yr

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Tata AIA Life Insurance Underwriting Manager Salary

12 - 13 years exp. (3 salaries)
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₹9.6 L/yr - ₹18 L/yr

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Kotak Mahindara Life Insurance Underwriting Manager Salary

1 - 3 years exp. (3 salaries)
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₹5.1 L/yr - ₹8.4 L/yr

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Underwriting Manager salary at HDFC Ergo General Insurance ranges between ₹10.5 Lakhs to ₹18.4 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 8 latest salaries received from various employees of HDFC Ergo General Insurance.

Latest annual salaries shared by HDFC Ergo General Insurance Underwriting Manager in Mumbai

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6 years exp.
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6 years exp.
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11 years exp.
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8 years exp.
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12 years exp.
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9 years exp.

Experience wise HDFC Ergo General Insurance Underwriting Manager salaries in Mumbai

Last Updated: 21 Aug 2023

Experience Avg Annual Salary
5 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹11.6 L/yr
6 years  (3 salaries)

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₹10.5 L/yr - ₹11.6 L/yr
7 years (AmbitionBox Estimate)

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₹10.7 L/yr - ₹13.6 L/yr
8 years (AmbitionBox Estimate)

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₹4.9 L/yr - ₹17.2 L/yr
9 years (AmbitionBox Estimate)

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₹5.2 L/yr - ₹18.4 L/yr
View all

Similar Designation salaries in HDFC Ergo General Insurance

Deputy Manager Salary
(245 salaries)
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₹3 L/yr - ₹10.25 L/yr
Team Lead Salary
(20 salaries)
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₹2.9 L/yr - ₹5 L/yr
Senior Associate Salary
(18 salaries)
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₹2.52 L/yr - ₹4.65 L/yr
Underwriter Salary
(5 salaries)
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₹3 L/yr - ₹7.65 L/yr

Salary related reviews for HDFC Ergo General Insurance

Senior Executive in Mumbai

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 15 Oct 2024
3.0
 for  Salary and Benefits

Likes

The work culture is really good at HDFC ERGO. They take care of their employees and understand the critical situations. There is no pressure on employees and hence they can easily enjoy their personal lives along with the work.

read more

Dislikes

The perks and salary could be better. Also they need to upgrade some tech stack.

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  •  posted on 09 Aug 2024
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Office timing, work life balance

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...t this is at its worst. Promotions/ increments are given only to the reference. No salary or personal growth.

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 · 

Data Science & Analytics Department

5.0
  •  posted on 23 Feb 2024
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 for  Salary and Benefits

Likes

Engaging and challenging work can be stimulating and rewarding. Employees at HDFC ERGO may appreciate the opportunity to work on diverse projects and solve complex problems in the insurance industry. Employee Benefits: Companies often offer competitive benefits packages, including health insurance, retirement plans, and other perks. HDFC ERGO may provide attractive benefits to its employees

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Agency Manager in Bhopal

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 17 Oct 2023
3.0
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Likes

The company thinks very highly of its customers

Dislikes

company is providing new employees with higher compensation packages than existing employees, without offering any increment to the latter. This can create dissatisfaction among the older employees.

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Assistant Manager in Tinsukia

Full Time

 · 

Other Department

4.0
  •  posted on 15 Jul 2023
3.0
 for  Salary and Benefits

Likes

Like

Dislikes

Salary structure need to be check ( destination wise salary is not upto the market level ) & also the annual bonus is to low special for the sale team. At least should get more incentive than operation.

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Salary Discussions, Hike & Promotions
2w
a technical project manager
Deadend
Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?
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HDFC Ergo General Insurance Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at HDFC Ergo General Insurance Mumbai?
Underwriting Manager salary at HDFC Ergo General Insurance in Mumbai ranges between ₹10.5 Lakhs to ₹18.4 Lakhs for experience between 5 years to 12 years. According to our estimates it is 27% more than the average Underwriting Manager Salary in India. Salary estimates are based on 8 latest salaries received from various employees of HDFC Ergo General Insurance Mumbai.
How does the salary of a Underwriting Manager at HDFC Ergo General Insurance Mumbai compare with the average salary range for this job?
The average salary of a Underwriting Manager at HDFC Ergo General Insurance is 27% more than the average salary of a Underwriting Manager in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than HDFC Ergo General Insurance to a Underwriting Manager in Mumbai?
  • Tata AIA Life Insurance Underwriting Manager Salary - ₹9.6 Lakhs to ₹18.0 Lakhs per year
What is the salary of a Underwriting Manager in companies similar to HDFC Ergo General Insurance in Mumbai?
  • SBI General Insurance Underwriting Manager Salary - ₹9.7 Lakhs to ₹12.2 Lakhs per year
  • Future Generali India Life Insurance Underwriting Manager Salary - ₹10.0 Lakhs to ₹10.1 Lakhs per year
  • ICICI Lombard General Insurance Company Underwriting Manager Salary - ₹5.8 Lakhs to ₹14.5 Lakhs per year
  • ICICI Prudential Life Insurance Underwriting Manager Salary - ₹6.0 Lakhs to ₹10.5 Lakhs per year
  • Reliance General Insurance Underwriting Manager Salary - ₹4.5 Lakhs to ₹10.0 Lakhs per year
What is the estimated take home salary of a Underwriting Manager at HDFC Ergo General Insurance in Mumbai?
The estimated take-home salary of a Underwriting Manager at HDFC Ergo General Insurance ranges between ₹84,337 per month to ₹86,543 per month in Mumbai. The take-home salary calculation is based on the average HDFC Ergo General Insurance Underwriting Manager salary in India which ranges between ₹10.5 Lakhs to ₹18.4 Lakhs per year for employees with experience between 5 years to 12 years. Check how did we calculate take home salary?

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HDFC Ergo General Insurance Underwriting Manager salary in Mumbai ranges between ₹10.5 Lakhs to ₹18.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 HDFC Ergo General Insurance latest salaries received from various employees of HDFC Ergo General Insurance.