ICICI Lombard General Insurance Company Underwriting Manager Salaries by 9 Employees (Updated 2025)

1 - 17 years exp.

₹5.8 Lakhs - ₹14.5 Lakhs

Low Confidence

Salary of majority employees

At par with the average Underwriting Manager Salary in Insurance Companies for 1 - 17 years of experience

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Last Updated: 12 Oct 2024

Companies similar to ICICI Lombard General Insurance Company for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 22% more
Bajaj Allianz General Insurance Underwriting Manager Salary 14 - 17 years exp. (4 salaries)	₹19 L/yr - ₹22 L/yr 134% more
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Reliance General Insurance Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹4.5 L/yr - ₹13.6 L/yr 14% less
Tata AIG Underwriting Manager Salary 0 - 6 years exp. (13 salaries)	₹5.2 L/yr - ₹14.5 L/yr 3% more
Star Health & Allied Insurance Underwriting Manager Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 49% less
Future Generali India Life Insurance Underwriting Manager Salary 9 - 13 years exp. (6 salaries)	₹10 L/yr - ₹13 L/yr 27% more
SBI General Insurance Underwriting Manager Salary 7 - 13 years exp. (23 salaries)	₹5.8 L/yr - ₹13.5 L/yr 22% more
Care Health Insurance Underwriting Manager Salary 0 - 9 years exp. (23 salaries)	₹2.4 L/yr - ₹7.3 L/yr 47% less
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 10% less
Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 38% more
Iffco Tokio General Insurance Co. Underwriting Manager Salary 8 - 21 years exp. (7 salaries)	₹8 L/yr - ₹12 L/yr 5% more
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Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 41% more
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 43% more
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 29% less
Max Life Insurance Underwriting Manager Salary 5 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 6% more
Canara HSBC Life Insurance Underwriting Manager Salary 8 - 20 years exp. (4 salaries)	₹8.2 L/yr - ₹18 L/yr 45% more
Aditya Birla Sun Life Insurance Underwriting Manager Salary 7 - 10 years exp. (4 salaries)	₹10.1 L/yr - ₹13.4 L/yr 25% more
PNB MetLife Underwriting Manager Salary 2 - 16 years exp. (4 salaries)	₹3.9 L/yr - ₹11.4 L/yr 18% less
SBI Life Insurance Company Underwriting Manager Salary 11 - 14 years exp. (4 salaries)	₹8.5 L/yr - ₹15 L/yr 34% more

Underwriting Manager salary at ICICI Lombard General Insurance Company ranges between ₹5.8 Lakhs to ₹14.5 Lakhs per year for employees with experience between 1 year to 17 years. Salary estimates are based on 9 latest salaries received from various employees of ICICI Lombard General Insurance Company.

Experience wise ICICI Lombard General Insurance Company Underwriting Manager salaries

Last Updated: 12 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹5.8 L/yr - ₹13.3 L/yr
2 years (AmbitionBox Estimate)	₹3 L/yr - ₹10.7 L/yr
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3 years (AmbitionBox Estimate)	₹7 L/yr - ₹8.9 L/yr
4 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.2 L/yr
5 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹9 L/yr
6 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
7 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
8 years (AmbitionBox Estimate)	₹7.9 L/yr - ₹10.1 L/yr
9 years (AmbitionBox Estimate)	₹8 L/yr - ₹10.3 L/yr
10 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹12 L/yr
12 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
13 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹12 L/yr
14 years (AmbitionBox Estimate)	₹9 L/yr - ₹17.9 L/yr
15+ years (AmbitionBox Estimate)	₹4.1 L/yr - ₹14.5 L/yr

View all

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Top skills at ICICI Lombard General Insurance Company for Underwriting Manager

Commercial Underwriting

Salary related reviews for ICICI Lombard General Insurance Company

1.2

Rated by 2 employees for salary & benefits

Management Trainee in New Delhi

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

Salary - Bad

+6 more

Chief Manager in Mumbai

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

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.

Skill development - Poor

+4 more

Management Trainee in New Delhi

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.

Skill development - Bad

+3 more

Associate Vice President in Bangalore / Bengaluru

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.

Salary - Good

+6 more

Dislikes

Salary increments are lower when compared to other Competitors.

Chief Manager in Mumbai

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.

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.

Promotions - Poor

see more salary related reviews

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fathersahaab

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AmbitionBox

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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ICICI Lombard General Insurance Company Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at ICICI Lombard General Insurance Company?

Underwriting Manager salary at ICICI Lombard General Insurance Company in India ranges between ₹5.8 Lakhs to ₹14.5 Lakhs for experience between 1 years to 17 years. Salary estimates are based on 9 latest salaries received from various employees of ICICI Lombard General Insurance Company India.

What are the top skills required to work as a Underwriting Manager at ICICI Lombard General Insurance Company?

Commercial and Underwriting are some of the popular skills required to work as a Underwriting Manager at ICICI Lombard General Insurance Company India.

Which similar companies are paying more than ICICI Lombard General Insurance Company to a Underwriting Manager in India?

Bajaj Allianz General Insurance Underwriting Manager Salary - ₹19.0 Lakhs to ₹22.0 Lakhs per year
Canara HSBC Life Insurance Underwriting Manager Salary - ₹8.2 Lakhs to ₹18.0 Lakhs per year
HDFC Life Underwriting Manager Salary - ₹9.7 Lakhs to ₹18.5 Lakhs per year
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

What is the salary of a Underwriting Manager in companies similar to ICICI Lombard General Insurance Company in India?

SBI Life Insurance Company Underwriting Manager Salary - ₹8.5 Lakhs to ₹15.0 Lakhs per year
Future Generali India Life Insurance Underwriting Manager Salary - ₹10.0 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Sun Life Insurance Underwriting Manager Salary - ₹10.1 Lakhs to ₹13.4 Lakhs per year
SBI General Insurance Underwriting Manager Salary - ₹5.8 Lakhs to ₹13.5 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 ICICI Lombard General Insurance Company in India?

The estimated take-home salary of a Underwriting Manager at ICICI Lombard General Insurance Company ranges between ₹65,221 per month to ₹66,885 per month in India. The take-home salary calculation is based on the average ICICI Lombard General Insurance Company Underwriting Manager salary in India which ranges between ₹5.8 Lakhs to ₹14.5 Lakhs per year for employees with experience between 1 years to 17 years. Check how did we calculate take home salary?

What is the notice period for Underwriting Manager at ICICI Lombard General Insurance Company?

According to AmbitionBox, 80% of the ICICI Lombard General Insurance Company Underwriting Managers reported a notice period of 3 Months, 20% reported a notice period of 1 Month.This is based on 5 responses on AmbitionBox in last 2 years.

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ICICI Lombard General Insurance Company Underwriting Manager Salaries

ICICI Lombard General Insurance Company Underwriting Manager salary in India ranges between ₹5.8 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 ICICI Lombard General Insurance Company latest salaries received from various employees of ICICI Lombard General Insurance Company.

ICICI Lombard General Insurance Company Underwriting Manager salaries in India

Companies similar to ICICI Lombard General Insurance Company for Underwriting Manager

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

Experience wise ICICI Lombard General Insurance Company Underwriting Manager salaries

Similar Designation salaries in ICICI Lombard General Insurance Company

Top skills at ICICI Lombard General Insurance Company for Underwriting Manager

Salary related reviews for ICICI Lombard General Insurance Company

Management Trainee in New Delhi

Chief Manager in Mumbai

Management Trainee in New Delhi

Associate Vice President in Bangalore / Bengaluru

Chief Manager in Mumbai

ICICI Lombard General Insurance Company Underwriting Manager Salary FAQs

Tell us how to improve this page.