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ICICI Lombard General Insurance Company Senior Underwriting Manager salaries in India

Annual salary range
1 - 5 years exp.
₹6 Lakhs - ₹11.1 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.
Avg. annual salary
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Monthly In-hand Salary

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43% less than the average Senior Underwriting Manager Salary in Insurance Companies for 1 - 5 years of experience

Interested in this particular role?

Last Updated: 24 Aug 2024

Companies similar to ICICI Lombard General Insurance Company for Senior Underwriting Manager

Company name Avg Annual Salary Open Jobs
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Gallagher Senior Underwriting Manager Salary

10 - 12 years exp. (5 salaries)

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₹18 L/yr - ₹22 L/yr

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₹14.7 L/yr - ₹19.1 L/yr

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₹13.5 L/yr - ₹18 L/yr

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₹8 L/yr - ₹8.4 L/yr

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Tata AIG Senior Underwriting Manager Salary

6 - 14 years exp. (3 salaries)

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₹7.8 L/yr - ₹12.5 L/yr

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HDFC Life Senior Underwriting Manager Salary

11 - 20 years exp. (3 salaries)

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₹10 L/yr - ₹21 L/yr

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Senior Underwriting Manager salary at ICICI Lombard General Insurance Company ranges between ₹6 Lakhs to ₹11.1 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 6 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Senior Underwriting Manager

6mo ago
₹8.9 Lakhs
1 year exp.
1y ago
₹10.6 Lakhs
2 years exp.
1y ago
₹6 Lakhs
5 years exp.
1y ago
₹6 Lakhs
4 years exp.

Experience wise ICICI Lombard General Insurance Company Senior Underwriting Manager salaries

Last Updated: 24 Aug 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹8.8 L/yr - ₹11.3 L/yr
2 years (AmbitionBox Estimate)

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₹8.2 L/yr - ₹10.4 L/yr
3 years (AmbitionBox Estimate)

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₹7.5 L/yr - ₹9.6 L/yr
4 years (AmbitionBox Estimate)

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₹6.9 L/yr - ₹8.8 L/yr
5 years (AmbitionBox Estimate)

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₹6.2 L/yr - ₹7.9 L/yr

Similar Designation salaries in ICICI Lombard General Insurance Company

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₹5.75 L/yr - ₹14.45 L/yr
Senior Underwriter Salary
(AmbitionBox Estimate)
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₹11.3 L/yr - ₹14.4 L/yr
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₹7.5 L/yr - ₹10.1 L/yr
Branch Credit Manager Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr
Underwriter Salary
(45 salaries)
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₹3.72 L/yr - ₹10 L/yr
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₹3 L/yr - ₹6.5 L/yr
Deputy Manager Salary
(15 salaries)
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₹4.65 L/yr - ₹13.25 L/yr
Chief Manager Salary
(483 salaries)
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₹9.46 L/yr - ₹23 L/yr
Senior Analyst Salary
(4 salaries)
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₹3.1 L/yr - ₹16.15 L/yr

Salary related reviews for ICICI Lombard General Insurance Company

1.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 30 Sep 2024

1.0
 for  Salary and Benefits

Likes

Nothing, if you have an option please avoid this organisation even if you don’t please find other interest for yourself

Dislikes

Everything, work culture is pathetic, salary is market minimum, work planning is pathetic as well most teams are just eating each others business, team leaders are lost when I comes to challenges, and the worst operations teams ever, if you are in sales you would wish you never worked. Dying a beggar is better than joining this place

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Finance & Accounting Department

3.0
  •  posted on 21 Sep 2023

4.0
 for  Salary and Benefits

Likes

Salary is good. Benefits for employees are good.job security is there.Eveeything is almost automated.Manual work is less

read more
  • Salary - Good
  • +1 more

Dislikes

There is no work life balance at all. All the work is just given to you suddenly. 2 to 3 weekends in a month goes in office work.No proper division of work. Politics is there.Partiality is there. Lot of late sitting. No proper planning.

read more
  • Skill development - Poor
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 30 Jul 2023

4.0
 for  Salary and Benefits

Likes

If you’re looking for good salary and perks, go forward.

  • Salary - Good
  • +1 more

Dislikes

No work life balance. You can hardly manage your personal and professional life here simultaneously. Upper Management treats like robot. Although your working days are Mon-Fri, but you have to work on weekends also unofficially otherwise you’ll be scolded by upper management. Some old VPs working here are annoying.

read more
  • Skill development - Bad
  • +3 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 24 Jun 2023

4.0
 for  Salary and Benefits

Likes

IL is company where you get freedom to work and explore. The management and line managers belive in the employee to go out of box and get the things done. Also there work life balance which is very important.

read more
  • Salary - Good
  • +6 more

Dislikes

Salary increments are lower when compared to other Competitors.

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 04 Oct 2023

4.0
 for  Salary and Benefits

Likes

The company is extremely customer-friendly and open to accept new technology. The amount of efforts put in creating better customer experience is superb.

read more
  • Salary - Good
  • +1 more

Dislikes

When it comes to appraisals and salary increments, it is not transparent. They have a poor appraisal system and it is heavily partial.

read more
  • Promotions - Poor
see more salary related reviews

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ICICI Lombard General Insurance Company Senior Underwriting Manager Salary FAQs

What is the salary of Senior Underwriting Manager at ICICI Lombard General Insurance Company ?
The average salary of a Senior Underwriting Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹6.0 Lakhs to ₹11.1 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Senior Underwriting Manager at ICICI Lombard General Insurance Company earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹11.1 Lakhs per year. Senior Underwriting Manager Salaries at ICICI Lombard General Insurance Company 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 6 ICICI Lombard General Insurance Company employees in India.
What is the estimated take home salary of a Senior Underwriting Manager at ICICI Lombard General Insurance Company in India?
The estimated take-home salary of a Senior Underwriting Manager at ICICI Lombard General Insurance Company in India typically ranges from ₹61,364 to ₹62,919 per month. This is based on the average salary range of ₹6.0 Lakhs to ₹11.1 Lakhs per year for employees with experience ranging from 1 year 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 6 salaries received from various employees of ICICI Lombard General Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than ICICI Lombard General Insurance Company for Senior Underwriting Manager in India?
Gallagher ₹18.0 Lakhs to ₹22.0 Lakhs per year
ICICI Prudential Life Insurance ₹14.7 Lakhs to ₹19.1 Lakhs per year
HDFC Life ₹10.0 Lakhs to ₹21.0 Lakhs per year
SBI General Insurance ₹13.5 Lakhs to ₹18.0 Lakhs per year
Tata AIG ₹7.8 Lakhs to ₹12.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by ICICI Lombard General Insurance Company, depending on the role and experience level.
What is the salary of a Senior Underwriting Manager in companies similar to ICICI Lombard General Insurance Company in India?
The salary of a Senior Underwriting Manager at companies similar to ICICI Lombard General Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindara Life Insurance ₹8.0 Lakhs to ₹8.4 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 Senior Underwriting Manager at ICICI Lombard General Insurance Company in India?
The salary growth for a Senior Underwriting Manager at ICICI Lombard General Insurance Company depends on factors such as experience, performance, and promotions. On average, a Senior Underwriting Manager can expect the following growth trajectory at ICICI Lombard General Insurance Company:

Experience Average Salary Range
1 year ₹8.8 Lakhs to ₹11.3 Lakhs per year
2 years ₹8.2 Lakhs to ₹10.4 Lakhs per year
3 years ₹7.5 Lakhs to ₹9.6 Lakhs per year
4 years ₹6.9 Lakhs to ₹8.8 Lakhs per year
and so on.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Senior Underwriting Manager salary in India ranges between ₹6 Lakhs to ₹11.1 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 6 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.