HDFC Life Associate Underwriter Salaries by 10+ Employees

1 - 4 years exp.

₹1.6 Lakh - ₹2.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

56% less than the average Associate Underwriter Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Associate Underwriter Salary 1 - 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹2.2 L/yr
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Finance & Accounting Associate Underwriter Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.6 L/yr - ₹2.2 L/yr

Last Updated: 28 Jun 2024

Companies similar to HDFC Life for Associate Underwriter

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Associate Underwriter Salary 2 - 4 years exp. (4 salaries)	₹3 L/yr - ₹3.7 L/yr 53% more
Gallagher Associate Underwriter Salary 0 - 2 years exp. (4 salaries)	₹2.3 L/yr - ₹16 L/yr 324% more
Login to view exact salary
Mphasis Associate Underwriter Salary 0 - 5 years exp. (18 salaries)	₹3.3 L/yr - ₹3.6 L/yr 57% more
Atradius Associate Underwriter Salary 2 - 8 years exp. (7 salaries)	₹8 L/yr - ₹11 L/yr 332% more
Biz 2 Credit Info Services Associate Underwriter Salary 2 - 5 years exp. (5 salaries)	₹8 L/yr - ₹9.3 L/yr 294% more

Associate Underwriter salary at HDFC Life ranges between ₹1.6 Lakh to ₹2.6 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 11 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Associate Underwriter

6mo ago

₹2.6 Lakhs

3 years exp.

1y ago

₹2.5 Lakhs

4 years exp.

1y ago

₹2.6 Lakhs

2 years exp.

1y ago

₹2 Lakhs

1 year exp.

1y ago

₹1.6 Lakh

2 years exp.

1y ago

3 years exp.

1y ago

3 years exp.

1y ago

4 years exp.

1y ago

1 year exp.

1y ago

2 years exp.

Experience wise HDFC Life Associate Underwriter salaries

Last Updated: 28 Jun 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹1.8 L/yr - ₹2.5 L/yr
2 years (3 salaries)	₹1.6 L/yr - ₹2.5 L/yr
Login to view exact salary
3 years (3 salaries)	₹2.1 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)	₹2 L/yr - ₹2.5 L/yr

Similar Designation salaries in HDFC Life

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(5 salaries)

₹1.85 L/yr - ₹3.25 L/yr

Assistant Vice President Salary

(18 salaries)

₹22.15 L/yr - ₹55 L/yr

Finance Executive Salary

(14 salaries)

₹1.6 L/yr - ₹3.5 L/yr

Accountant Salary

(4 salaries)

₹1.8 L/yr - ₹2.5 L/yr

Credit Analyst Salary

(4 salaries)

₹9.1 L/yr - ₹18.9 L/yr

Financial Analyst Salary

(12 salaries)

₹2.4 L/yr - ₹7.45 L/yr

Credit Manager Salary

(4 salaries)

₹4.2 L/yr - ₹9.5 L/yr

Management Trainee Salary

(145 salaries)

₹5 L/yr - ₹15 L/yr

Process Associate Salary

(26 salaries)

₹1.45 L/yr - ₹3.05 L/yr

Business Analyst Salary

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₹3.2 L/yr - ₹12 L/yr

Salary related reviews for HDFC Life

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Skill development - Excellent

+2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Promotions - Poor

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Salary - Bad

+6 more

Senior Associate in Patna

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 04 Jun 2023

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

Low salary structure Unwanted work pressure Dirty politics Zero growth if you're not a politician in the company Non recognition of your good work No incentives even after having huge targets Manual rating system of employees, you will be judged by your amount of buttering not by your performance. Overall very bad work culture

Salary - Bad

+6 more

Deputy Manager in Mumbai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Aug 2023

1.0

for Salary and Benefits

Likes

Flexibility of work from home.

Job security - Good

Dislikes

...nt is not supportive and the way they communicate with lower levels is terrible. Salary structure is horrible and shift hours are expected for 12 to 14 hrs a day

Salary - Bad

+5 more

Senior Associate in Ghaziabad

Branch Operations Department

3.0

• posted on 02 Aug 2022

1.0

for Salary and Benefits

Likes

...omplete your assigned task. And it is achievable if proper direction provided. Salary will be on time always no delay.

Job security - Excellent

+1 more

Dislikes

...ay of the month you will have to do work from home and do the revival calling. In branch operations 80% is sales and 20% is operations work but salary will be according to operations.

Salary - Bad

+1 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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HDFC Life Associate Underwriter Salary FAQs

What is the salary of Associate Underwriter at HDFC Life ?

The average salary of a Associate Underwriter at HDFC Life in India typically ranges from ₹1.6 Lakhs to ₹2.6 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Associate Underwriter at HDFC Life earn more than ₹2.6 Lakhs per year, and the top 1% earn over ₹2.6 Lakhs per year. Associate Underwriter Salaries at HDFC Life 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+ HDFC Life employees in India.

What is the estimated take home salary of a Associate Underwriter at HDFC Life in India?

The estimated take-home salary of a Associate Underwriter at HDFC Life in India typically ranges from ₹14,943 to ₹16,505 per month. This is based on the average salary range of ₹1.6 Lakhs to ₹2.6 Lakhs per year for employees with experience ranging from 1 year to 4 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 HDFC Life. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HDFC Life for Associate Underwriter in India?

Atradius	₹8.0 Lakhs to ₹11.0 Lakhs per year
Gallagher	₹2.3 Lakhs to ₹16.0 Lakhs per year
Biz 2 Credit Info Services	₹8.0 Lakhs to ₹9.3 Lakhs per year
Mphasis	₹3.3 Lakhs to ₹3.6 Lakhs per year
ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹3.7 Lakhs per year

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

How the salary growth look like for a Associate Underwriter at HDFC Life in India?

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

Experience	Average Salary Range
1 year	₹1.8 Lakhs to ₹2.5 Lakhs per year
2 years	₹1.6 Lakhs to ₹2.5 Lakhs per year
3 years	₹2.1 Lakhs to ₹2.5 Lakhs per year
4 years	₹2.0 Lakhs to ₹2.5 Lakhs per year

and so on.

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HDFC Life Associate Underwriter Salaries

HDFC Life Associate Underwriter salary in India ranges between ₹1.6 Lakh to ₹2.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 HDFC Life latest salaries received from various employees of HDFC Life.