Munich Re Underwriter Salaries by 5 Employees (Updated 2025)

9 - 12 years exp.

₹20 Lakhs - ₹50 Lakhs

Salary of majority employees

586% more than the average Underwriter Salary in Financial Services Companies for 9 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriter Salary 10 years exp. (AmbitionBox Estimate)	₹21.7 L/yr - ₹26.5 L/yr
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Construction & Site Engineering Underwriter Salary 9 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹22 L/yr

Last Updated: 25 Feb 2025

Companies similar to Munich Re for Underwriter

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (13 salaries)	₹3 L/yr - ₹7.2 L/yr 81% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (43 salaries)	₹5 L/yr - ₹10 L/yr 80% less
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Bajaj Allianz Underwriter Salary 2 - 4 years exp. (3 salaries)	₹1.5 L/yr - ₹7 L/yr 90% less
Tata AIG Underwriter Salary 0 - 5 years exp. (42 salaries)	₹5.2 L/yr - ₹16.1 L/yr 75% less
Reliance General Insurance Underwriter Salary 0 - 3 years exp. (12 salaries)	₹3 L/yr - ₹8 L/yr 84% less
Kissht Finance Underwriter Salary 2 - 6 years exp. (7 salaries)	₹2.2 L/yr - ₹3 L/yr 93% less
Swiss Re Underwriter Salary 1 - 8 years exp. (4 salaries)	₹7.4 L/yr - ₹26 L/yr 52% less	1 job opening

Underwriter salary at Munich Re ranges between ₹20 Lakhs to ₹50 Lakhs per year for employees with experience between 9 years to 12 years. Salary estimates are based on 5 latest salaries received from various employees of Munich Re.

Experience wise Munich Re Underwriter salaries

Last Updated: 25 Feb 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹20 L/yr - ₹41.9 L/yr
10 years (3 salaries)	₹24.1 L/yr - ₹50 L/yr
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11 years (AmbitionBox Estimate)	₹38 L/yr - ₹48.5 L/yr
12 years (AmbitionBox Estimate)	₹50 L/yr - ₹50 L/yr

Similar Designation salaries in Munich Re

Senior Underwriter Salary

(AmbitionBox Estimate)

₹1.8 L/yr - ₹2.3 L/yr

Senior Associate Salary

(AmbitionBox Estimate)

₹22.1 L/yr - ₹28.2 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹7.3 L/yr - ₹9.3 L/yr

Deputy Manager Salary

(AmbitionBox Estimate)

₹10.4 L/yr - ₹13.3 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹9.9 L/yr - ₹12.6 L/yr

Associate Vice President Salary

(AmbitionBox Estimate)

₹22.5 L/yr - ₹28.7 L/yr

Top skills at Munich Re for Underwriter

Underwriting Insurance Agriculture Profitability Health Insurance Reinsurance risk

Salary related reviews for Munich Re

Data Science Intern in The Capital, BKC, Mumbai

Intern

Data Science & Analytics Department

5.0

• posted on 18 May 2022

5.0

for Salary and Benefits

Likes

The exposure and appreciation one can get here is tremendous. If you want to learn and grow this is one of the best organisations that comes with really good culture, complete work and personal life balance lastly with highly supportive, energy packed and cheerful managers and colleagues.

Salary - Excellent

+6 more

Dislikes

I am working here since last 5 months and I personally didn't find anything that to say about what dislike. Even colleagues from my department and other departments would also talk same. But again this experience may vary person to person.

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Munich Re Underwriter Salary FAQs

What is the salary of Underwriter at Munich Re?

Underwriter salary at Munich Re in India ranges between ₹20.0 Lakhs to ₹50.0 Lakhs for experience between 9 years to 12 years. According to our estimates it is 586% more than the average Underwriter Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Munich Re India.

How does the salary of a Underwriter at Munich Re India compare with the average salary range for this job?

The average salary of a Underwriter at Munich Re is 586% more than the average salary of a Underwriter in India. To know exact salary insights, login to view.

What are the top skills required to work as a Underwriter at Munich Re?

Underwriting, Insurance, Agriculture, Profitability and Health Insurance are some of the popular skills required to work as a Underwriter at Munich Re India.

What is the salary of a Underwriter in companies similar to Munich Re in India?

Swiss Re Underwriter Salary - ₹7.4 Lakhs to ₹26.0 Lakhs per year
Tata AIG Underwriter Salary - ₹5.2 Lakhs to ₹16.1 Lakhs per year
ICICI Lombard General Insurance Company Underwriter Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
HDFC Ergo General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹7.2 Lakhs per year
Reliance General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹8.0 Lakhs per year

What is the estimated take home salary of a Underwriter at Munich Re in India?

The estimated take-home salary of a Underwriter at Munich Re ranges between ₹2,22,640 per month to ₹2,31,570 per month in India. The take-home salary calculation is based on the average Munich Re Underwriter salary in India which ranges between ₹20.0 Lakhs to ₹50.0 Lakhs per year for employees with experience between 9 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Underwriter at Munich Re?

According to AmbitionBox, 100% of the Munich Re Underwriters reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Munich Re Underwriter Salaries

Munich Re Underwriter salary in India ranges between ₹20 Lakhs to ₹50 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Munich Re latest salaries received from various employees of Munich Re.