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Iffco Tokio General Insurance Co. Underwriter salaries in India (Updated 2025)

Annual salary range
2 - 14 years exp.
₹2.2 Lakhs - ₹8.6 Lakhs
Salary of majority employees
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At par with the average Underwriter Salary in Insurance Companies for 2 - 14 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

BFSI, Investments & Trading
Underwriter Salary
2 - 13 years exp. (10 salaries)
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₹2.2 L/yr - ₹6.7 L/yr

Customer Success, Service & Operations
Underwriter Salary
4 - 10 years exp. (5 salaries)
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₹1.2 L/yr - ₹7 L/yr

Last Updated: 17 Mar 2025

Companies similar to Iffco Tokio General Insurance Co. for Underwriter

Company name Avg Annual Salary Open Jobs
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₹1.4 L/yr - ₹4.1 L/yr

arrow icon 50% less
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₹5 L/yr - ₹10 L/yr

arrow icon 40% more
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Tata AIG Underwriter Salary

0 - 5 years exp. (42 salaries)

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₹5.2 L/yr - ₹16.1 L/yr

arrow icon 77% more
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₹2.1 L/yr - ₹6 L/yr

arrow icon 19% less
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SBI Life Insurance Company Underwriter Salary

1 - 12 years exp. (24 salaries)

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₹2.5 L/yr - ₹7.3 L/yr

arrow icon 12% less
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HDFC Life Underwriter Salary

0 - 5 years exp. (17 salaries)

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₹1.8 L/yr - ₹4.7 L/yr

arrow icon 28% less
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Reliance General Insurance Underwriter Salary

0 - 3 years exp. (12 salaries)

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₹3 L/yr - ₹8 L/yr

arrow icon 16% more
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Gallagher Underwriter Salary

3 - 13 years exp. (10 salaries)

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₹9 L/yr - ₹21 L/yr

arrow icon 141% more
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Bajaj Allianz Life Insurance Underwriter Salary

1 - 11 years exp. (10 salaries)

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₹2.4 L/yr - ₹8 L/yr

arrow icon 22% less
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SBI General Insurance Underwriter Salary

0 - 13 years exp. (8 salaries)

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₹5 L/yr - ₹11.9 L/yr

arrow icon 64% more
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₹1.5 L/yr - ₹3 L/yr

arrow icon 57% less
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Allstate Underwriter Salary

3 - 8 years exp. (7 salaries)

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₹4 L/yr - ₹7 L/yr

arrow icon 14% less
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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 42% less
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Shriram Life Insurance Underwriter Salary

1 - 5 years exp. (5 salaries)

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₹1.6 L/yr - ₹3.9 L/yr

arrow icon 54% less
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Guardian India Underwriter Salary

2 - 3 years exp. (5 salaries)

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₹2.2 L/yr - ₹4.5 L/yr

arrow icon 45% less
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Allianz Services Underwriter Salary

4 - 8 years exp. (5 salaries)

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₹5.5 L/yr - ₹7.9 L/yr

arrow icon 27% more
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₹3.7 L/yr - ₹5 L/yr

arrow icon 15% less
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PNB MetLife Underwriter Salary

2 - 8 years exp. (4 salaries)

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₹2 L/yr - ₹7 L/yr

arrow icon 1% less
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MetLife Underwriter Salary

1 - 3 years exp. (3 salaries)

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₹3.4 L/yr - ₹4.2 L/yr

arrow icon 27% less
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Tata AIA Life Insurance Underwriter Salary

0 - 15 years exp. (3 salaries)

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₹6 L/yr - ₹10.5 L/yr

arrow icon 68% more
2 job openings
Underwriter salary at Iffco Tokio General Insurance Co. ranges between ₹2.2 Lakhs to ₹8.6 Lakhs per year for employees with experience between 2 years to 14 years. Salary estimates are based on 21 latest salaries received from various employees of Iffco Tokio General Insurance Co..

Latest annual salaries shared by Iffco Tokio General Insurance Co. Underwriter

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14 years exp.
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9 years exp.
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4 years exp.

Experience wise Iffco Tokio General Insurance Co. Underwriter salaries

Last Updated: 17 Mar 2025

Experience Avg Annual Salary
2 years  (4 salaries)

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₹2.2 L/yr - ₹4 L/yr
3 years  (3 salaries)

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₹2.3 L/yr - ₹7.4 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹7.8 L/yr
5 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
6 years (AmbitionBox Estimate)

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₹4.3 L/yr - ₹5.5 L/yr
View all

Similar Designation salaries in Iffco Tokio General Insurance Co.

Senior Underwriter Salary
(AmbitionBox Estimate)
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₹3.7 L/yr - ₹4.7 L/yr
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₹8 L/yr - ₹12 L/yr
Team Lead Salary
(3 salaries)
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₹3.2 L/yr - ₹4 L/yr
Chief Manager Salary
(58 salaries)
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₹15 L/yr - ₹27 L/yr
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₹2.2 L/yr - ₹3.7 L/yr
Senior Analyst Salary
(3 salaries)
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₹3.5 L/yr - ₹13 L/yr
Deputy Manager Salary
(4 salaries)
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₹4.4 L/yr - ₹7.3 L/yr
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₹4 L/yr - ₹8 L/yr
Process Associate Salary
(AmbitionBox Estimate)
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₹3.3 L/yr - ₹4.3 L/yr

Top skills at Iffco Tokio General Insurance Co. for Underwriter

Medical Underwriting

Salary related reviews for Iffco Tokio General Insurance Co.

2.9

Rated by 11 employees for salary & benefits

Full Time

 · 

Customer Success, Service & Operations Department

5.0
  •  posted on 23 Feb 2022

5.0
 for  Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Nothing

Full Time

 · 

Sales & Business Development Department

5.0
  •  posted on 05 May 2021

5.0
 for  Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good appraisals and fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Career growth is slow

Full Time

 · 

Insurance Department

5.0
  •  posted on 22 Apr 2021

5.0
 for  Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and they give good salary hike every year.

read more
  • Salary - Excellent
  • +6 more

Dislikes

Salary is Good But Career Growth is Slow...

Finance & Accounting Department

1.0
  •  posted on 25 Apr 2021

1.0
 for  Salary and Benefits

Likes

Work culture is pathetic because management require 7 days a week working with no extra pay on week end holidays while company claims 5 days in a week work culture. Company require from employee to present in time in the morning which is good but no evening off timing and there is no extra payment for same but if you come late in the morning your salary will be deducted if employee crosses 1 hour buffer time in a month.

read more
  • Job security - Good

Dislikes

  • Salary - Bad
  • Skill development - Bad
  • +4 more

Customer Success, Service & Operations Department

4.0
  •  posted on 22 May 2021

1.0
 for  Salary and Benefits

Likes

...blem but if you are on third party payroll then you can never come on payroll... No benifits offer to third party payroll and salary is also not satisfactory....

read more
  • Work-life balance - Good

Dislikes

  • Salary - Bad
  • Skill development - Bad
  • +2 more
see more salary related reviews

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Iffco Tokio General Insurance Co. Underwriter Salary FAQs

What is the salary of Underwriter at Iffco Tokio General Insurance Co. ?
The average salary of a Underwriter at Iffco Tokio General Insurance Co. in India typically ranges from ₹2.2 Lakhs to ₹8.6 Lakhs per year, depending on experience (from 2 years to 14 years).

The top 10% of Underwriter at Iffco Tokio General Insurance Co. earn more than ₹8.1 Lakhs per year, and the top 1% earn over ₹8.6 Lakhs per year. Underwriter Salaries at Iffco Tokio General Insurance Co. 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 20+ Iffco Tokio General Insurance Co. employees in India.
What is the estimated take home salary of a Underwriter at Iffco Tokio General Insurance Co. in India?
The estimated take-home salary of a Underwriter at Iffco Tokio General Insurance Co. in India typically ranges from ₹39,514 to ₹40,686 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹8.6 Lakhs per year for employees with experience ranging from 2 years to 14 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 20+ salaries received from various employees of Iffco Tokio General Insurance Co.. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Underwriter at Iffco Tokio General Insurance Co. ?
Medical Underwriting is a popular skill required to work as a Underwriter at Iffco Tokio General Insurance Co..
Which companies offer higher salaries than Iffco Tokio General Insurance Co. for Underwriter in India?
Gallagher ₹9.0 Lakhs to ₹21.0 Lakhs per year
Tata AIG ₹5.2 Lakhs to ₹16.1 Lakhs per year
Tata AIA Life Insurance ₹6.0 Lakhs to ₹10.5 Lakhs per year
SBI General Insurance ₹5.0 Lakhs to ₹11.9 Lakhs per year
ICICI Lombard General Insurance Company ₹5.0 Lakhs to ₹10.0 Lakhs per year

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

Allianz Services ₹5.5 Lakhs to ₹7.9 Lakhs per year
Reliance General Insurance ₹3.0 Lakhs to ₹8.0 Lakhs per year
PNB MetLife ₹2.0 Lakhs to ₹7.0 Lakhs per year
SBI Life Insurance Company ₹2.5 Lakhs to ₹7.3 Lakhs per year
Allstate ₹4.0 Lakhs to ₹7.0 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 Underwriter at Iffco Tokio General Insurance Co. in India?
The salary growth for a Underwriter at Iffco Tokio General Insurance Co. depends on factors such as experience, performance, and promotions. On average, a Underwriter can expect the following growth trajectory at Iffco Tokio General Insurance Co.:

Experience Average Salary Range
2 years ₹2.2 Lakhs to ₹4.0 Lakhs per year
3 years ₹2.3 Lakhs to ₹7.4 Lakhs per year
4 years ₹3.0 Lakhs to ₹7.8 Lakhs per year
5 years ₹4.1 Lakhs to ₹5.2 Lakhs per year
and so on.

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Iffco Tokio General Insurance Co. Underwriter salary in India ranges between ₹2.2 Lakhs to ₹8.6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 21 Iffco Tokio General Insurance Co. latest salaries received from various employees of Iffco Tokio General Insurance Co..