HDFC Life Underwriting Manager Salaries by 5 Employees (Updated 2025)

12 - 17 years exp.

₹9.7 Lakhs - ₹18.5 Lakhs

Low Confidence

Salary of majority employees

43% 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 5 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 26% less
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 50% 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 63% 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. (9 salaries)	₹5.8 L/yr - ₹14.5 L/yr 30% less
Kotak Mahindra General Insurance Underwriting Manager Salary 4 - 14 years exp. (7 salaries)	₹2.8 L/yr - ₹9.2 L/yr 47% 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 - ₹5.1 L/yr 64% 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.

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

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.

Salary - Poor

+3 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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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 43% 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 43% 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, 50% of the HDFC Life Underwriting Managers reported a notice period of 2 Months, 50% reported a notice period of 3 Months.This is based on 2 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.