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ICICI Bank

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4.0

based on 36.7k Reviews

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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ICICI Bank Underwriter salaries in India

Annual salary range
1 - 4 years exp.
₹2.3 Lakhs - ₹9.6 Lakhs
Low Confidence
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Low confidence means that this average salary is based on data that was reported by very few people.
Salary of majority employees
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At par with the average Underwriter Salary in Banking Companies for 1 - 4 years of experience

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Salaries in different departments

Finance & Accounting
Underwriter Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹8.5 L/yr - ₹9.6 L/yr

Customer Success, Service & Operations
Underwriter Salary
4 years exp. (AmbitionBox Estimate)
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₹2.7 L/yr - ₹3.3 L/yr

Data Science & Analytics
Underwriter Salary
1 year exp. (AmbitionBox Estimate)
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₹2.1 L/yr - ₹2.5 L/yr

Last Updated: 17 Mar 2023

Companies similar to ICICI Bank for Underwriter

Company name Avg Annual Salary Open Jobs
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HDFC Bank Underwriter Salary

1 - 9 years exp. (28 salaries)

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₹1.3 L/yr - ₹8.7 L/yr

arrow icon 23% less
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Axis Bank Underwriter Salary

2 - 5 years exp. (5 salaries)

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₹3.8 L/yr - ₹6.3 L/yr

arrow icon 6% less
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Kotak Mahindra Bank Underwriter Salary

1 - 6 years exp. (4 salaries)

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₹2 L/yr - ₹4.7 L/yr

arrow icon 33% less
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Yes Bank Underwriter Salary

2 - 6 years exp. (4 salaries)

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₹2.8 L/yr - ₹5.1 L/yr

arrow icon 28% less
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IDFC FIRST Bank Underwriter Salary

1 - 12 years exp. (4 salaries)

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₹5.3 L/yr - ₹14 L/yr

arrow icon 59% more
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Barclays Underwriter Salary

3 - 12 years exp. (14 salaries)

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₹5 L/yr - ₹8 L/yr

arrow icon 25% more
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NatWest Group Underwriter Salary

2 - 6 years exp. (7 salaries)

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₹3.6 L/yr - ₹5.8 L/yr

arrow icon 2% more
Underwriter salary at ICICI Bank ranges between ₹2.3 Lakhs to ₹9.6 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 4 latest salaries received from various employees of ICICI Bank.

Latest annual salaries shared by ICICI Bank Underwriter

1y ago
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4 years exp.
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1 year exp.
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2 years exp.

Experience wise ICICI Bank Underwriter salaries

Last Updated: 17 Mar 2023

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.3 L/yr - ₹2.3 L/yr
2 years (AmbitionBox Estimate)

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₹1.4 L/yr - ₹6.2 L/yr
3 years (AmbitionBox Estimate)

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₹9.6 L/yr - ₹9.6 L/yr

Similar Designation salaries in ICICI Bank

Analyst Salary
(151 salaries)
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₹8.23 L/yr - ₹18.19 L/yr
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₹3 L/yr - ₹7.8 L/yr
Team Lead Salary
(850 salaries)
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₹0.7 L/yr - ₹7.6 L/yr
Chief Manager Salary
(2k salaries)
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₹12.5 L/yr - ₹37 L/yr
Underwriting Analyst Salary
(AmbitionBox Estimate)
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₹7.7 L/yr - ₹9.8 L/yr
Credit Manager Salary
(3.1k salaries)
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₹4 L/yr - ₹14 L/yr
Senior Associate Salary
(573 salaries)
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₹1.2 L/yr - ₹4 L/yr
Senior Analyst Salary
(35 salaries)
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₹2.1 L/yr - ₹8.41 L/yr
Deputy Manager Salary
(16k salaries)
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₹2 L/yr - ₹10.8 L/yr
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₹9 L/yr - ₹21 L/yr

Salary related reviews for ICICI Bank

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 27 Nov 2024

4.0
 for  Salary and Benefits

Likes

....Work life balance is good for me as we don't have too much pressure and stress. Salary and other benefits are also good. There is no appraisal system, therefore no leg pulling or working in silos is there which is very important for big organisation especially established banks. This very boon also have some cons like there are fixed increament at annual level which are close to 9% at mid management level and 4-5% at leadership levels. Additionally, the promotion happens in every 3 yrs(which is fixed based on your work experience and education level) till you reach leadership level and with each promotion you get salary hike of around 25% and from CM1 level you start to get Esops as well. Furthermore, there are fixed working hours from 9:15-5:15 for me and strictly no work from home policy. You have to be present physically everyday at ofc. Overall company culture is good like other corporates. In branch level things and experience might defer. Overall in my opinion better than other indian banks.

read more

Dislikes

Work from office for 6 days policy, with alternate Saturday's off. Others, You can read it in like section only, mentioned there

read more

Full Time

 · 

BFSI, Investments & Trading Department

2.0
  •  posted on 02 Nov 2024

5.0
 for  Salary and Benefits

Likes

Appraisal is fixed in every 3 year, salary increment is fixed, good bonus, good HR policy

read more

Dislikes

You will have to do multiple work at a time, office time is very strict for coming but not for going. You will be threatened multiple times for sending back you to HR, or getting warning mails and memos which make the job security very low for the organisation No work life balance good if you are bachler or not married

read more

Full Time

 · 

Sales & Business Development Department

4.0
  •  posted on 27 Oct 2024

3.0
 for  Salary and Benefits

Likes

Work life balance is there if you are a Virtual RM. Salary is below average as compared to posh cities where cost of living is high like Bangalore. HR policies is good. Fresher should take a chance to learn and embibe in the field. Coming to promotion it is by default your years of experience and expertise in the domain.

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Dislikes

CTC Complexities Internal department change is not easy

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 25 Oct 2024

5.0
 for  Salary and Benefits

Likes

...g you can enjoy. You have to do one thing only. Do your Job with responsibility. Nothing will bother you inprospect of Job security, salary. You are working in most established brand who care for its employees.

read more

Dislikes

Nothing

Full Time

 · 

Risk Management & Compliance Department

3.0
  •  posted on 28 Jun 2024

4.0
 for  Salary and Benefits

Likes

The overall salary structure. Centralized appraisals.

Dislikes

Thank God for centralized appraisals, otherwise one wouldn't get a dime! The company culture is deteriorating with every passing minute. You won't get to learn new things unless the hierarchy sees their own benefit in it. Favourism and partiality goes hand in hand and at a peak level.

read more
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ICICI Bank Underwriter Salary FAQs

What is the salary of Underwriter at ICICI Bank?
Underwriter salary at ICICI Bank in India ranges between ₹2.3 Lakhs to ₹9.6 Lakhs for experience between 1 years to 4 years. According to our estimates it is 4% less than the average Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of ICICI Bank India.
How does the salary of a Underwriter at ICICI Bank India compare with the average salary range for this job?
The average salary of a Underwriter at ICICI Bank is 4% less than the average salary of a Underwriter in India. To know exact salary insights, login to view.
Which similar companies are paying more than ICICI Bank to a Underwriter in India?
  • IDFC FIRST Bank Underwriter Salary - ₹5.3 Lakhs to ₹14.0 Lakhs per year
  • Barclays Underwriter Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
  • NatWest Group Underwriter Salary - ₹3.6 Lakhs to ₹5.8 Lakhs per year
What is the salary of a Underwriter in companies similar to ICICI Bank in India?
  • Axis Bank Underwriter Salary - ₹3.8 Lakhs to ₹6.3 Lakhs per year
  • HDFC Bank Underwriter Salary - ₹1.3 Lakhs to ₹8.7 Lakhs per year
  • Yes Bank Underwriter Salary - ₹2.8 Lakhs to ₹5.1 Lakhs per year
  • Kotak Mahindra Bank Underwriter Salary - ₹2.0 Lakhs to ₹4.7 Lakhs per year
What is the estimated take home salary of a Underwriter at ICICI Bank in India?
The estimated take-home salary of a Underwriter at ICICI Bank ranges between ₹38,482 per month to ₹39,669 per month in India. The take-home salary calculation is based on the average ICICI Bank Underwriter salary in India which ranges between ₹2.3 Lakhs to ₹9.6 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?

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ICICI Bank Underwriter salary in India ranges between ₹2.3 Lakhs to ₹9.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 ICICI Bank latest salaries received from various employees of ICICI Bank.