Munich Re Mumbai Underwriter Salaries by 3 Employees (Updated 2025)

9 - 10 years exp.

₹20 Lakhs - ₹29 Lakhs

Low Confidence

Salary of majority employees

309% more than the average Underwriter Salary in Financial Services Companies for 9 - 10 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: 10 Aug 2023

Companies similar to Munich Re for Underwriter in Mumbai

Munich Re Underwriter Salary

9 - 10 years exp. (3 salaries)

₹20 L/yr - ₹29 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Underwriter Salary 0 - 5 years exp. (5 salaries)	₹3 L/yr - ₹7.7 L/yr 73% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (16 salaries)	₹5 L/yr - ₹10 L/yr 68% less
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Tata AIG Underwriter Salary 0 - 5 years exp. (15 salaries)	₹5.5 L/yr - ₹15.1 L/yr 56% less
Reliance General Insurance Underwriter Salary 1 - 2 years exp. (3 salaries)	₹3 L/yr - ₹8 L/yr 76% less
Kissht Finance Underwriter Salary 2 - 6 years exp. (7 salaries)	₹2.2 L/yr - ₹3 L/yr 89% less
Swiss Re Underwriter Salary 1 - 9 years exp. (3 salaries)	₹12.9 L/yr - ₹26 L/yr 28% less	1 job opening

Underwriter salary at Munich Re ranges between ₹20 Lakhs to ₹29 Lakhs per year for employees with experience between 9 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 in Mumbai

Last Updated: 10 Aug 2023

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr
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10 years (AmbitionBox Estimate)	₹23.9 L/yr - ₹30.5 L/yr

Similar Designation salaries in Munich Re

Technical Accountant Salary

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₹6 L/yr - ₹8 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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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 Salaries in Mumbai

Munich Re Underwriter salary in Mumbai ranges between ₹20 Lakhs to ₹29 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Munich Re latest salaries received from various employees of Munich Re.

Munich Re Underwriter salaries in Mumbai