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3.7

based on 4.3k Reviews

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ICICI Lombard General Insurance Company Underwriter salaries in Mumbai

Annual salary range
0 - 3 years exp.
₹5 Lakhs - ₹9.5 Lakhs
Salary of majority employees
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27% more than the average Underwriter Salary in Insurance Companies for 0 - 3 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Underwriter Salary
0 - 2 years exp. (4 salaries)
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₹7.5 L/yr - ₹8.3 L/yr

Finance & Accounting
Underwriter Salary
0 - 1 year exp. (3 salaries)
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₹5.3 L/yr - ₹7.1 L/yr

Customer Success, Service & Operations
Underwriter Salary
1 year exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹6.6 L/yr

Risk Management & Compliance
Underwriter Salary
Fresher (AmbitionBox Estimate)
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₹7.8 L/yr - ₹9.5 L/yr

Last Updated: 12 Nov 2024

Companies similar to ICICI Lombard General Insurance Company for Underwriter in Mumbai

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ICICI Lombard General Insurance Company Underwriter Salary

0 - 3 years exp. (15 salaries)

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₹5 L/yr - ₹9.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹3 L/yr - ₹7.7 L/yr

arrow icon 12% less
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Tata AIG Underwriter Salary

0 - 5 years exp. (13 salaries)

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₹5.5 L/yr - ₹17.1 L/yr

arrow icon 46% more
1 job opening
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₹3 L/yr - ₹8 L/yr

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₹2.6 L/yr - ₹5 L/yr

arrow icon 47% less
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₹2 L/yr - ₹3.3 L/yr

arrow icon 66% less
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₹2.5 L/yr - ₹4 L/yr

arrow icon 61% less
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₹6 L/yr - ₹8.6 L/yr

arrow icon 7% less
1 job opening
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₹4.5 L/yr - ₹5.7 L/yr

arrow icon 27% less
Underwriter salary at ICICI Lombard General Insurance Company ranges between ₹5 Lakhs to ₹9.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 15 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Latest annual salaries shared by ICICI Lombard General Insurance Company Underwriter in Mumbai

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Experience wise ICICI Lombard General Insurance Company Underwriter salaries in Mumbai

Last Updated: 12 Nov 2024

Experience Avg Annual Salary
Fresher  (5 salaries)

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₹5.3 L/yr - ₹9.5 L/yr
1 year  (5 salaries)

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₹5 L/yr - ₹8.2 L/yr
2 years  (4 salaries)

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₹5.1 L/yr - ₹8.2 L/yr
3 years (AmbitionBox Estimate)

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₹7.2 L/yr - ₹13.1 L/yr

Similar Designation salaries in ICICI Lombard General Insurance Company

Chief Manager Salary
(168 salaries)
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₹10 L/yr - ₹23 L/yr
Team Lead Salary
(36 salaries)
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₹1.05 L/yr - ₹8.2 L/yr
Deputy Manager Salary
(9 salaries)
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₹3.5 L/yr - ₹6.5 L/yr
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₹4 L/yr - ₹5.95 L/yr
Analyst Salary
(7 salaries)
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₹4 L/yr - ₹15.92 L/yr
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₹5.75 L/yr - ₹14.45 L/yr

Top skills at ICICI Lombard General Insurance Company for Underwriter

Underwriting Insurance Underwriting SME General Insurance Insurance Leased Line Underwriting Medicine Mbbs RFQ Surgery Bams Product Development Bhms Ayurveda

Salary related reviews for ICICI Lombard General Insurance Company

3.5

Rated by 4 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

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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

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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

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.

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.

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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.

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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.

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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
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ICICI Lombard General Insurance Company Underwriter Salary FAQs

What is the salary of Underwriter at ICICI Lombard General Insurance Company Mumbai?
Underwriter salary at ICICI Lombard General Insurance Company in Mumbai ranges between ₹5.0 Lakhs to ₹9.5 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 27% more than the average Underwriter Salary in India. Salary estimates are based on 15 latest salaries received from various employees of ICICI Lombard General Insurance Company Mumbai.
How does the salary of a Underwriter at ICICI Lombard General Insurance Company Mumbai compare with the average salary range for this job?
The average salary of a Underwriter at ICICI Lombard General Insurance Company is 27% more than the average salary of a Underwriter in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Underwriter at ICICI Lombard General Insurance Company?
Underwriting, Insurance Underwriting, SME, General Insurance and Insurance are some of the popular skills required to work as a Underwriter at ICICI Lombard General Insurance Company Mumbai.
Which similar companies are paying more than ICICI Lombard General Insurance Company to a Underwriter in Mumbai?
  • Tata AIG Underwriter Salary - ₹5.5 Lakhs to ₹17.1 Lakhs per year
What is the salary of a Underwriter in companies similar to ICICI Lombard General Insurance Company in Mumbai?
  • Iffco Tokio General Insurance Co. Underwriter Salary - ₹6.0 Lakhs to ₹8.6 Lakhs per year
  • HDFC Ergo General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹7.7 Lakhs per year
  • Reliance General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹8.0 Lakhs per year
  • Kotak Mahindara Life Insurance Underwriter Salary - ₹4.5 Lakhs to ₹5.7 Lakhs per year
  • ICICI Prudential Life Insurance Underwriter Salary - ₹2.6 Lakhs to ₹5.0 Lakhs per year
What is the estimated take home salary of a Underwriter at ICICI Lombard General Insurance Company in Mumbai?
The estimated take-home salary of a Underwriter at ICICI Lombard General Insurance Company ranges between ₹55,249 per month to ₹56,631 per month in Mumbai. The take-home salary calculation is based on the average ICICI Lombard General Insurance Company Underwriter salary in India which ranges between ₹5.0 Lakhs to ₹9.5 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?
What is the notice period for Underwriter at ICICI Lombard General Insurance Company in Mumbai?
According to AmbitionBox, 80% of the ICICI Lombard General Insurance Company Underwriters in Mumbai reported a notice period of 3 Months, 20% reported a notice period of 2 Months.This is based on 5 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

ICICI Lombard General Insurance Company Underwriter salary in Mumbai ranges between ₹5 Lakhs to ₹9.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.