HDFC Life Underwriting Manager Salaries by 5 Employees (Updated 2024)

12 - 17 years exp.

₹9.7 Lakhs - ₹18.5 Lakhs

Low Confidence

Salary of majority employees

46% more than the average Underwriting Manager Salary in Insurance Companies for 12 - 17 years of experience

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Salaries in different departments

Data Science & Analytics Underwriting Manager Salary 12 - 14 years exp. (3 salaries)	₹9.7 L/yr - ₹14 L/yr
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BFSI, Investments & Trading Underwriting Manager Salary 14 - 17 years exp. (AmbitionBox Estimate)	₹11.7 L/yr - ₹18.5 L/yr

Last Updated: 16 Mar 2023

Companies similar to HDFC Life for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 37% less
SBI Life Insurance Company Underwriting Manager Salary 11 - 14 years exp. (4 salaries)	₹8.5 L/yr - ₹15 L/yr 7% less
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Max Life Insurance Underwriting Manager Salary 2 - 14 years exp. (4 salaries)	₹5 L/yr - ₹10 L/yr 35% less
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (7 salaries)	₹5.1 L/yr - ₹8.4 L/yr 51% less
Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 3% less
Aditya Birla Sun Life Insurance Underwriting Manager Salary 7 - 10 years exp. (4 salaries)	₹10.1 L/yr - ₹13.4 L/yr 13% less
PNB MetLife Underwriting Manager Salary 2 - 16 years exp. (4 salaries)	₹3.9 L/yr - ₹11.4 L/yr 43% less
Care Health Insurance Underwriting Manager Salary 0 - 9 years exp. (23 salaries)	₹2.4 L/yr - ₹7.3 L/yr 62% less
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 15% less
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (10 salaries)	₹5.8 L/yr - ₹14.5 L/yr 29% less
Kotak Mahindra General Insurance Underwriting Manager Salary 4 - 14 years exp. (7 salaries)	₹2.8 L/yr - ₹11.1 L/yr 48% less
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Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 2% less
XL Catlin Underwriting Manager Salary 14 - 16 years exp. (3 salaries)	₹17.5 L/yr - ₹20 L/yr 44% more
Star Health & Allied Insurance Underwriting Manager Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹5.2 L/yr 63% less
AIG Underwriting Manager Salary 9 - 14 years exp. (3 salaries)	₹14.3 L/yr - ₹21.1 L/yr 28% more

Underwriting Manager salary at HDFC Life ranges between ₹9.7 Lakhs to ₹18.5 Lakhs per year for employees with experience between 12 years to 17 years. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life.

Experience wise HDFC Life Underwriting Manager salaries

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹19.6 L/yr
13 years (AmbitionBox Estimate)	₹9.7 L/yr - ₹21 L/yr
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14 years (AmbitionBox Estimate)	₹11.3 L/yr - ₹14.5 L/yr
15+ years (AmbitionBox Estimate)	₹5.6 L/yr - ₹18.5 L/yr

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Top skills at HDFC Life for Underwriting Manager

Insurance Operations Insurance Underwriting

Salary related reviews for HDFC Life

3.0

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.

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.

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.

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

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.

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

Deputy Manager in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 07 Aug 2023

2.0

for Salary and Benefits

Dislikes

... Saturday and Sunday off as they have mentioned holiday at the time of joining. Also I feel there is discrimination in salary increament policy and working time among employees.

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a technical project manager

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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 Life Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at HDFC Life?

Underwriting Manager salary at HDFC Life in India ranges between ₹9.7 Lakhs to ₹18.5 Lakhs for experience between 12 years to 17 years. According to our estimates it is 46% more than the average Underwriting Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of HDFC Life India.

How does the salary of a Underwriting Manager at HDFC Life India compare with the average salary range for this job?

The average salary of a Underwriting Manager at HDFC Life is 46% more than the average salary of a Underwriting Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Underwriting Manager at HDFC Life?

Insurance, Operations and Insurance Underwriting are some of the popular skills required to work as a Underwriting Manager at HDFC Life India.

Which similar companies are paying more than HDFC Life to a Underwriting Manager in India?

XL Catlin Underwriting Manager Salary - ₹17.5 Lakhs to ₹20.0 Lakhs per year
AIG Underwriting Manager Salary - ₹14.3 Lakhs to ₹21.1 Lakhs per year

What is the salary of a Underwriting Manager in companies similar to HDFC Life in India?

Gallagher Underwriting Manager Salary - ₹12.0 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance Underwriting Manager Salary - ₹7.8 Lakhs to ₹18.0 Lakhs per year
SBI Life Insurance Company Underwriting Manager Salary - ₹8.5 Lakhs to ₹15.0 Lakhs per year
Aditya Birla Sun Life Insurance Underwriting Manager Salary - ₹10.1 Lakhs to ₹13.4 Lakhs per year
HDFC Ergo General Insurance Underwriting Manager Salary - ₹5.1 Lakhs to ₹18.5 Lakhs per year

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

The estimated take-home salary of a Underwriting Manager at HDFC Life ranges between ₹90,688 per month to ₹93,073 per month in India. The take-home salary calculation is based on the average HDFC Life Underwriting Manager salary in India which ranges between ₹9.7 Lakhs to ₹18.5 Lakhs per year for employees with experience between 12 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Underwriting Manager at HDFC Life?

According to AmbitionBox, 33% of the HDFC Life Underwriting Managers reported a notice period of 1 Month, 34% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 3 responses on AmbitionBox in last 2 years.

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HDFC Life Underwriting Manager Salaries

HDFC Life Underwriting Manager salary in India ranges between ₹9.7 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HDFC Life latest salaries received from various employees of HDFC Life.