Munich Re Underwriter Salaries by 3 Employees (Updated 2024)

8 - 10 years exp.

₹20 Lakhs - ₹24.1 Lakhs

Low Confidence

Salary of majority employees

308% more than the average Underwriter Salary in Financial Services Companies for 8 - 10 years of experience

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Salaries in different departments

Construction & Site Engineering Underwriter Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹18 L/yr - ₹22 L/yr
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BFSI, Investments & Trading Underwriter Salary 10 years exp. (AmbitionBox Estimate)	₹21.7 L/yr - ₹26.5 L/yr

Last Updated: 15 Mar 2023

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 68% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (43 salaries)	₹3.7 L/yr - ₹9.5 L/yr 67% less
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Bajaj Allianz Underwriter Salary 2 - 4 years exp. (3 salaries)	₹1.5 L/yr - ₹7 L/yr 82% less
Tata AIG Underwriter Salary 0 - 4 years exp. (33 salaries)	₹5.1 L/yr - ₹12.9 L/yr 54% less	1 job opening
Reliance General Insurance Underwriter Salary 0 - 3 years exp. (12 salaries)	₹3 L/yr - ₹8 L/yr 72% less
Kissht Finance Underwriter Salary 2 - 9 years exp. (7 salaries)	₹2.4 L/yr - ₹3 L/yr 88% less
Swiss Re Underwriter Salary 1 - 6 years exp. (4 salaries)	₹7.5 L/yr - ₹26 L/yr 18% less

Underwriter salary at Munich Re ranges between ₹20 Lakhs to ₹24.1 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 3 latest salaries received from various employees of Munich Re.

Experience wise Munich Re Underwriter salaries

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹20 L/yr - ₹20 L/yr
9 years (AmbitionBox Estimate)	₹20 L/yr - ₹38.5 L/yr
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10 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹24.1 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.

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

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Munich Re Underwriter Salary FAQs

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 ₹24.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Munich Re latest salaries received from various employees of Munich Re.