Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary30% less than the average Underwriter Salary in Insurance Companies for 0 - 5 years of experience
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Salaries in different departments
BFSI, Investments & Trading
Underwriter Salary
1 - 5
years
exp.
(5
salaries)
|  ₹1.8 L/yr - ₹3.6 L/yr |
Customer Success, Service & Operations
Underwriter Salary
1 - 3
years
exp.
(5
salaries)
| ₹2 L/yr - ₹3.8 L/yr |
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| |
Healthcare & Life Sciences
Underwriter Salary
0 - 2
years
exp.
(4
salaries)
| ₹2.8 L/yr - ₹4.7 L/yr |
Companies similar to HDFC Life for Underwriter
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Star Health & Allied Insurance Underwriter Salary
0 - 8 years exp. (64 salaries) | ₹1.4 L/yr - ₹4.1 L/yr 
30%
less | |
 ICICI Lombard General Insurance Company Underwriter Salary
0 - 3 years exp. (43 salaries) | ₹5 L/yr - ₹10 L/yr 
95%
more | |
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| ||
 ICICI Prudential Life Insurance Underwriter Salary
0 - 5 years exp. (25 salaries) | ₹2.1 L/yr - ₹6 L/yr
13%
more | |
 SBI Life Insurance Company Underwriter Salary
1 - 12 years exp. (24 salaries) | ₹2.5 L/yr - ₹7.3 L/yr
23%
more | |
 HDFC Ergo General Insurance Underwriter Salary
0 - 7 years exp. (13 salaries) | ₹3 L/yr - ₹7.2 L/yr
84%
more | |
 Axis Max Life Insurance Underwriter Salary
1 - 5 years exp. (11 salaries) | ₹2.1 L/yr - ₹3.1 L/yr
35%
less | |
 Gallagher Underwriter Salary
3 - 13 years exp. (10 salaries) | ₹9 L/yr - ₹21 L/yr
237%
more | |
 Bajaj Allianz Life Insurance Underwriter Salary
1 - 11 years exp. (10 salaries) | ₹2.4 L/yr - ₹8 L/yr
9%
more | |
 SBI General Insurance Underwriter Salary
0 - 13 years exp. (8 salaries) | ₹5 L/yr - ₹11.9 L/yr
129%
more | |
 The New India Assurance Co. Underwriter Salary
0 - 6 years exp. (8 salaries) | ₹1 L/yr - ₹5.1 L/yr
33%
more | |
 Aditya Birla Sun Life Insurance Underwriter Salary
0 - 4 years exp. (6 salaries) | ₹1.7 L/yr - ₹3.5 L/yr
19%
less | |
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| ||
 Kotak Mahindara Life Insurance Underwriter Salary
0 - 3 years exp. (6 salaries) | ₹5.1 L/yr - ₹9.1 L/yr
89%
more | |
 Shriram Life Insurance Underwriter Salary
1 - 5 years exp. (5 salaries) | ₹1.6 L/yr - ₹3.9 L/yr
35%
less | |
 United India Insurance Company Underwriter Salary
1 - 4 years exp. (5 salaries) | ₹2 L/yr - ₹3.3 L/yr
16%
less | |
 Swiss Re Underwriter Salary
1 - 8 years exp. (4 salaries) | ₹7.4 L/yr - ₹26 L/yr
371%
more | 1 job opening |
 Life Insurance Corporation of India Underwriter Salary
3 - 31 years exp. (4 salaries) | ₹3 L/yr - ₹20 L/yr
193%
more | |
 The Oriental Insurance Co. Underwriter Salary
1 - 7 years exp. (4 salaries) | ₹1.2 L/yr - ₹3.8 L/yr
48%
less | |
 PNB MetLife Underwriter Salary
2 - 8 years exp. (4 salaries) | ₹2 L/yr - ₹7 L/yr
38%
more | |
 AIG Underwriter Salary
0 - 6 years exp. (4 salaries) | ₹5 L/yr - ₹8 L/yr
60%
more | |
 Tata AIA Life Insurance Underwriter Salary
0 - 15 years exp. (3 salaries) | ₹6 L/yr - ₹10.5 L/yr
135%
more | 2 job openings |
Latest annual salaries shared by HDFC Life Underwriter
Experience wise HDFC Life Underwriter salaries
Last Updated: 2 Mar 2025
| Experience | Avg Annual Salary |
|---|---|
| Fresher (3 salaries) |
₹2.1
L/yr
- ₹4
L/yr
|
| 1 year (4 salaries) |
₹1.8
L/yr
- ₹4.7
L/yr
|
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| |
| 2 years (5 salaries) |
₹2
L/yr
- ₹4.7
L/yr
|
| 3 years (3 salaries) |
₹2.7
L/yr
- ₹6.8
L/yr
|
| 4 years (AmbitionBox Estimate) |
₹3.6
L/yr
- ₹4.6
L/yr
|
Similar Designation salaries in HDFC Life
Top skills at HDFC Life for Underwriter
Salary related reviews for HDFC Life
Discover interview dos and don'ts from real experiences
Top trending discussions
HDFC Life Underwriter Salary FAQs
The top 10% of Underwriter at HDFC Life earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.7 Lakhs per year. 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.
- - Medical underwriting
- - Underwriting
- - Team Handling
- - Life Insurance
- - Chartered Accountant
These skills are highly valued at HDFC Life and are crucial for successful performance in a Software Engineering role.
| Swiss Re | ₹7.4 Lakhs to ₹26.0 Lakhs per year |
| Gallagher | ₹9.0 Lakhs to ₹21.0 Lakhs per year |
| Life Insurance Corporation of India | ₹3.0 Lakhs to ₹20.0 Lakhs per year |
| Tata AIA Life Insurance | ₹6.0 Lakhs to ₹10.5 Lakhs per year |
| SBI General Insurance | ₹5.0 Lakhs to ₹11.9 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.
| ICICI Lombard General Insurance Company | ₹5.0 Lakhs to ₹10.0 Lakhs per year |
| Kotak Mahindara Life Insurance | ₹5.1 Lakhs to ₹9.1 Lakhs per year |
| HDFC Ergo General Insurance | ₹3.0 Lakhs to ₹7.2 Lakhs per year |
| AIG | ₹5.0 Lakhs to ₹8.0 Lakhs per year |
| PNB MetLife | ₹2.0 Lakhs to ₹7.0 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.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹2.1 Lakhs to ₹4.0 Lakhs per year |
| 1 year | ₹1.8 Lakhs to ₹4.7 Lakhs per year |
| 2 years | ₹2.0 Lakhs to ₹4.7 Lakhs per year |
| 3 years | ₹2.7 Lakhs to ₹6.8 Lakhs per year |
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HDFC Life Underwriter salary
in
India
ranges between ₹1.8
Lakh to ₹4.7
Lakhs with an average annual salary of
₹. Salary estimates are based on
17
HDFC Life latest salaries received from various employees of
HDFC Life.