HDFC Life Underwriting Executive Salaries by 7 Employees

0 - 5 years exp.

₹2.6 Lakhs - ₹3.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

14% less than the average Underwriting Executive Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriting Executive Salary 1 - 5 years exp. (4 salaries)	₹2.6 L/yr - ₹2.8 L/yr
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Customer Success, Service & Operations Underwriting Executive Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹2.9 L/yr

Last Updated: 14 Oct 2024

Companies similar to HDFC Life for Underwriting Executive

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Underwriting Executive Salary 1 - 6 years exp. (112 salaries)	₹2 L/yr - ₹4.5 L/yr 2% more
Axis Max Life Insurance Underwriting Executive Salary 0 - 6 years exp. (7 salaries)	₹3.3 L/yr - ₹4.7 L/yr 27% more
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ICICI Prudential Life Insurance Underwriting Executive Salary 5 - 10 years exp. (5 salaries)	₹3.5 L/yr - ₹5.6 L/yr 54% more
Tata AIA Life Insurance Underwriting Executive Salary 2 - 4 years exp. (5 salaries)	₹3.1 L/yr - ₹7 L/yr 75% more
Shriram Life Insurance Underwriting Executive Salary 1 - 6 years exp. (4 salaries)	₹2.3 L/yr - ₹2.7 L/yr 11% less
ICICI Lombard General Insurance Company Underwriting Executive Salary 2 - 8 years exp. (4 salaries)	₹3.5 L/yr - ₹11 L/yr 129% more
SBI Life Insurance Company Underwriting Executive Salary 1 - 18 years exp. (4 salaries)	₹3 L/yr - ₹7 L/yr 87% more
AIG Underwriting Executive Salary 2 - 3 years exp. (4 salaries)	₹5.6 L/yr - ₹6 L/yr 99% more
SBI General Insurance Underwriting Executive Salary 1 - 2 years exp. (3 salaries)	₹3 L/yr - ₹3.5 L/yr 15% more
Aditya Birla Sun Life Insurance Underwriting Executive Salary 1 year exp. (3 salaries)	₹3.2 L/yr - ₹3.5 L/yr 14% more
Bajaj Allianz Life Insurance Underwriting Executive Salary 1 - 4 years exp. (3 salaries)	₹2.7 L/yr - ₹4 L/yr 18% more
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PNB MetLife Underwriting Executive Salary 1 - 6 years exp. (3 salaries)	₹3 L/yr - ₹3.5 L/yr 9% more
Kotak Mahindara Life Insurance Underwriting Executive Salary 4 - 6 years exp. (3 salaries)	₹2.2 L/yr - ₹2.6 L/yr 21% less

Underwriting Executive salary at HDFC Life ranges between ₹2.6 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 7 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Underwriting Executive salaries

Last Updated: 14 Oct 2024

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr
1 year (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
3 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹3.1 L/yr
5 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr

View all

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₹1.05 L/yr - ₹4 L/yr

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₹1.45 L/yr - ₹3.65 L/yr

Customer Support Executive Salary

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₹2 L/yr - ₹3.05 L/yr

Operations Manager Salary

(38 salaries)

₹1.45 L/yr - ₹10.43 L/yr

Computer Operator Salary

(AmbitionBox Estimate)

₹1.6 L/yr - ₹2.1 L/yr

Data Entry Operator Salary

(3 salaries)

₹2.39 L/yr - ₹3.6 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

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

Relationship Manager in Bhubaneswar

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 05 May 2024

2.0

for Salary and Benefits

Likes

Big brand. People know the brand very well

Dislikes

Less salary compare to psu. Even clerk of psu bank get more than a manager grade of hdfc. Bonus and incentives at junior grade not that good. Only boss and team managers will get good salary here . No travel claims are given.

Salary - Poor

+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

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

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HDFC Life Underwriting Executive Salary FAQs

What is the salary of Underwriting Executive at HDFC Life ?

The average salary of a Underwriting Executive at HDFC Life in India typically ranges from ₹2.6 Lakhs to ₹3.5 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Underwriting Executive at HDFC Life earn more than ₹3.4 Lakhs per year, and the top 1% earn over ₹3.5 Lakhs per year. Underwriting Executive 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 7 HDFC Life employees in India.

What is the estimated take home salary of a Underwriting Executive at HDFC Life in India?

The estimated take-home salary of a Underwriting Executive at HDFC Life in India typically ranges from ₹20,704 to ₹22,357 per month. This is based on the average salary range of ₹2.6 Lakhs to ₹3.5 Lakhs per year for employees with experience ranging from Fresher to 5 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 7 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 Underwriting Executive in India?

ICICI Lombard General Insurance Company	₹3.5 Lakhs to ₹11.0 Lakhs per year
AIG	₹5.6 Lakhs to ₹6.0 Lakhs per year
SBI Life Insurance Company	₹3.0 Lakhs to ₹7.0 Lakhs per year
Tata AIA Life Insurance	₹3.1 Lakhs to ₹7.0 Lakhs per year
ICICI Prudential Life Insurance	₹3.5 Lakhs to ₹5.6 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 Underwriting Executive in companies similar to HDFC Life in India?

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

Axis Max Life Insurance	₹3.3 Lakhs to ₹4.7 Lakhs per year
Bajaj Allianz Life Insurance	₹2.7 Lakhs to ₹4.0 Lakhs per year
SBI General Insurance	₹3.0 Lakhs to ₹3.5 Lakhs per year
Aditya Birla Sun Life Insurance	₹3.2 Lakhs to ₹3.5 Lakhs per year
PNB MetLife	₹3.0 Lakhs to ₹3.5 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 Underwriting Executive at HDFC Life in India?

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

Experience	Average Salary Range
Fresher	₹2.9 Lakhs to ₹3.7 Lakhs per year
1 year	₹2.8 Lakhs to ₹3.6 Lakhs per year
2 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
3 years	₹2.5 Lakhs to ₹3.3 Lakhs per year

and so on.

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HDFC Life Underwriting Executive Salaries

HDFC Life Underwriting Executive salary in India ranges between ₹2.6 Lakhs to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 HDFC Life latest salaries received from various employees of HDFC Life.