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Munich Re Underwriter salaries in India (Updated 2025)

Annual salary range
9 - 12 years exp.
₹20 Lakhs - ₹50 Lakhs
Salary of majority employees
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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)
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₹21.7 L/yr - ₹26.5 L/yr

Construction & Site Engineering
Underwriter Salary
9 years exp. (AmbitionBox Estimate)
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₹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
Logo
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₹3 L/yr - ₹7.2 L/yr

arrow icon 81% less
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₹5 L/yr - ₹10 L/yr

arrow icon 80% less
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Bajaj Allianz Underwriter Salary

2 - 4 years exp. (3 salaries)

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₹1.5 L/yr - ₹7 L/yr

arrow icon 90% less
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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 75% 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 84% less
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Kissht Finance Underwriter Salary

2 - 6 years exp. (7 salaries)

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₹2.2 L/yr - ₹3 L/yr

arrow icon 93% less
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Swiss Re Underwriter Salary

1 - 8 years exp. (4 salaries)

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₹7.4 L/yr - ₹26 L/yr

arrow icon 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.

Latest annual salaries shared by Munich Re Underwriter

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10 years exp.
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12 years exp.
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10 years exp.
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9 years exp.
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10 years exp.

Experience wise Munich Re Underwriter salaries

Last Updated: 25 Feb 2025

Experience Avg Annual Salary
9 years (AmbitionBox Estimate)

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₹20 L/yr - ₹41.9 L/yr
10 years  (3 salaries)

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₹24.1 L/yr - ₹50 L/yr
11 years (AmbitionBox Estimate)

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₹38 L/yr - ₹48.5 L/yr
12 years (AmbitionBox Estimate)

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₹50 L/yr - ₹50 L/yr

Similar Designation salaries in Munich Re

Senior Underwriter Salary
(AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr
Senior Associate Salary
(AmbitionBox Estimate)
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₹22.1 L/yr - ₹28.2 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹7.3 L/yr - ₹9.3 L/yr
Deputy Manager Salary
(AmbitionBox Estimate)
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₹10.4 L/yr - ₹13.3 L/yr
Management Trainee Salary
(AmbitionBox Estimate)
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₹9.9 L/yr - ₹12.6 L/yr
Associate Vice President Salary
(AmbitionBox Estimate)
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₹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

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.

read more
  • 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.

read more
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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.

Tell us how to improve this page.

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