HDFC Life Senior Underwriter Salaries by 4 Employees

3 - 6 years exp.

₹3.4 Lakhs - ₹4.1 Lakhs

Low Confidence

Salary of majority employees

53% less than the average Senior Underwriter Salary in Insurance Companies for 3 - 6 years of experience

Interested in this particular role?

Last Updated: 8 Jun 2024

Companies similar to HDFC Life for Senior Underwriter

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Underwriter Salary 0 - 2 years exp. (5 salaries)	₹3 L/yr - ₹4.7 L/yr 15% more
Axis Max Life Insurance Senior Underwriter Salary 3 - 5 years exp. (4 salaries)	₹2.9 L/yr - ₹5.5 L/yr 6% more
Login to view exact salary
Gallagher Senior Underwriter Salary 4 - 7 years exp. (4 salaries)	₹4.4 L/yr - ₹8.3 L/yr 85% more
SBI Life Insurance Company Senior Underwriter Salary 5 - 15 years exp. (4 salaries)	₹3 L/yr - ₹8.5 L/yr 36% more
Star Health & Allied Insurance Senior Underwriter Salary 1 - 9 years exp. (3 salaries)	₹2.8 L/yr - ₹3.6 L/yr 12% less

Senior Underwriter salary at HDFC Life ranges between ₹3.4 Lakhs to ₹4.1 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Senior Underwriter salaries

Last Updated: 8 Jun 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	₹3.1 L/yr - ₹3.9 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr

Similar Designation salaries in HDFC Life

Senior Associate Salary

(775 salaries)

₹1.05 L/yr - ₹4.6 L/yr

Senior Analyst Salary

(6 salaries)

₹3.5 L/yr - ₹4.6 L/yr

Team Manager Salary

(29 salaries)

₹1.2 L/yr - ₹6.16 L/yr

Senior Process Associate Salary

(8 salaries)

₹2.25 L/yr - ₹3.8 L/yr

Deputy Manager Salary

(698 salaries)

₹3.5 L/yr - ₹12.15 L/yr

Operations Manager Salary

(38 salaries)

₹1.45 L/yr - ₹10.43 L/yr

Quality Analyst Salary

(AmbitionBox Estimate)

₹3.5 L/yr - ₹4.5 L/yr

Team Lead Salary

(58 salaries)

₹1.35 L/yr - ₹8.5 L/yr

Analyst Salary

(AmbitionBox Estimate)

₹3.3 L/yr - ₹4.3 L/yr

Process Associate Salary

(26 salaries)

₹1.45 L/yr - ₹3.05 L/yr

Salary related reviews for HDFC Life

5.0

Rated by 1 employees for salary & benefits

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

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

Salary - Bad

+4 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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about HDFC Life?

Ask anonymously on communities.

HDFC Life Senior Underwriter Salary FAQs

What is the salary of Senior Underwriter at HDFC Life ?

The average salary of a Senior Underwriter at HDFC Life in India typically ranges from ₹3.4 Lakhs to ₹4.1 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Senior Underwriter at HDFC Life earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.1 Lakhs per year. Senior 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 4 HDFC Life employees in India.

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

The estimated take-home salary of a Senior Underwriter at HDFC Life in India typically ranges from ₹26,117 to ₹27,539 per month. This is based on the average salary range of ₹3.4 Lakhs to ₹4.1 Lakhs per year for employees with experience ranging from 3 years to 6 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 4 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 Senior Underwriter in India?

Gallagher	₹4.4 Lakhs to ₹8.3 Lakhs per year
SBI Life Insurance Company	₹3.0 Lakhs to ₹8.5 Lakhs per year
ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹4.7 Lakhs per year
Axis Max Life Insurance	₹2.9 Lakhs to ₹5.5 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.

What is the salary of a Senior Underwriter in companies similar to HDFC Life in India?

The salary of a Senior Underwriter at companies similar to HDFC Life in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Star Health & Allied Insurance

₹2.8 Lakhs to ₹3.6 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

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

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

Experience	Average Salary Range
3 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
4 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
5 years	₹3.1 Lakhs to ₹3.9 Lakhs per year
6 years	₹3.7 Lakhs to ₹4.7 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
HDFC Life Salaries >
HDFC Life Senior Underwriter Salaries

HDFC Life Senior Underwriter salary in India ranges between ₹3.4 Lakhs to ₹4.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HDFC Life latest salaries received from various employees of HDFC Life.