National Insurance Company Underwriter Salaries by 8 Employees (Updated 2025)

1 - 4 years exp.

₹1.5 Lakh - ₹3 Lakhs

Low Confidence

Salary of majority employees

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58% less than the average Underwriter Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

Customer Success, Service & Operations Underwriter Salary 1 - 4 years exp. (4 salaries)	Unlock ₹1.5 L/yr - ₹2.5 L/yr
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Human Resources Underwriter Salary 1 - 2 years exp. (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹2.4 L/yr

Last Updated: 1 Feb 2024

Companies similar to National Insurance Company for Underwriter

Company name	Avg Annual Salary	Open Jobs
The New India Assurance Co. Underwriter Salary 0 - 6 years exp. (8 salaries)	Unlock ₹1 L/yr - ₹5.1 L/yr 123% more
United India Insurance Company Underwriter Salary 1 - 4 years exp. (5 salaries)	Unlock ₹2 L/yr - ₹3.3 L/yr 42% more
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The Oriental Insurance Co. Underwriter Salary 1 - 7 years exp. (4 salaries)	Unlock ₹1.2 L/yr - ₹3.8 L/yr 13% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (43 salaries)	Unlock ₹5 L/yr - ₹10 L/yr 228% more
HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (13 salaries)	Unlock ₹3 L/yr - ₹7.2 L/yr 209% more
Bajaj Allianz General Insurance Underwriter Salary 2 - 10 years exp. (11 salaries)	Unlock ₹1 L/yr - ₹5.7 L/yr 64% more	3 job openings
Reliance General Insurance Underwriter Salary 0 - 3 years exp. (12 salaries)	Unlock ₹3 L/yr - ₹8 L/yr 173% more
Tata AIG Underwriter Salary 0 - 5 years exp. (39 salaries)	Unlock ₹5.2 L/yr - ₹17.1 L/yr 342% more
SBI General Insurance Underwriter Salary 0 - 14 years exp. (9 salaries)	Unlock ₹5 L/yr - ₹14 L/yr 382% more
Star Health & Allied Insurance Underwriter Salary 0 - 8 years exp. (64 salaries)	Unlock ₹1.4 L/yr - ₹4.1 L/yr 20% more
Iffco Tokio General Insurance Co. Underwriter Salary 1 - 16 years exp. (28 salaries)	Unlock ₹2 L/yr - ₹8.9 L/yr 154% more	1 job opening
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ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (25 salaries)	Unlock ₹2.1 L/yr - ₹6 L/yr 90% more
SBI Life Insurance Company Underwriter Salary 1 - 12 years exp. (24 salaries)	Unlock ₹2.5 L/yr - ₹7.3 L/yr 106% more
HDFC Life Underwriter Salary 0 - 5 years exp. (17 salaries)	Unlock ₹1.8 L/yr - ₹4.7 L/yr 68% more
Axis Max Life Insurance Underwriter Salary 1 - 5 years exp. (11 salaries)	Unlock ₹2.1 L/yr - ₹3.1 L/yr 9% more
Gallagher Underwriter Salary 3 - 13 years exp. (10 salaries)	Unlock ₹9 L/yr - ₹21 L/yr 466% more
Cholamandalam MS General Insurance Underwriter Salary 0 - 9 years exp. (10 salaries)	Unlock ₹2 L/yr - ₹9.9 L/yr 144% more
Bajaj Allianz Life Insurance Underwriter Salary 1 - 11 years exp. (10 salaries)	Unlock ₹2.4 L/yr - ₹8 L/yr 84% more
Allstate Underwriter Salary 3 - 8 years exp. (7 salaries)	Unlock ₹4 L/yr - ₹7 L/yr 102% more
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	Unlock ₹1.7 L/yr - ₹3.5 L/yr 37% more

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Underwriter salary at National Insurance Company ranges between ₹1.5 Lakh to ₹3 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 8 latest salaries received from various employees of National Insurance Company.

Experience wise National Insurance Company Underwriter salaries

Last Updated: 1 Feb 2024

Experience	Avg Annual Salary
1 year (3 salaries)	Unlock ₹1.5 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	Unlock ₹1.5 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	Unlock ₹0.9 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹0.9 L/yr - ₹2.5 L/yr

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Chief Manager Salary

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Salary related reviews for National Insurance Company

2.0

Rated by 1 employees for salary & benefits

Assistant in GHATSILA

BFSI, Investments & Trading Department

3.0

• posted on 28 May 2022

3.0

for Salary and Benefits

Likes

Being a PSU company job is some what secure till the time it does not get shut down by the government. Poor management, Company Policies are confusing, work culture is pathetic as it happens in the Government companies. Being a service provider company, service comes last in the priority list.

Promotions - Good

Dislikes

bureaucracy, dirty politics, stringent work - life balance, salary is ok-ok, work environment demoralizing, good opportunities for carrier growth, for job security the phrase is said as that the PSU Companies are born to die, so it depends on the policies of the government. poor training management. sync/competitiveness/proficiency/efficiency is missing in teammates which desires a lot. innovation is ok-ok.

Skill development - Bad

+3 more

Insurance Service Representative in Kerala

Administration & Facilities Department

5.0

• posted on 21 Jun 2022

5.0

for Salary and Benefits

Likes

Excellent work environment and excellent culture.Teammates are very supportive and management is very transparent.Company policies are provided to flexible customers.office staffs are very co-operative.

Salary - Excellent

+6 more

Dislikes

Salary is decent but career growth is very slow.There is a lot of politics,and the management doesn't address our issues.on the job training is not given to freshers..

Manager

Production, Manufacturing & Engineering Department

4.0

• posted on 02 Mar 2018

5.0

for Salary and Benefits

Likes

... During that period I got 4 promotions and 3 transfers. I enjoyed various work. There is lots of scope for training, experience growth, salary + benifits. Transfers gave me chance to meet different people and different place. Work environment, innovation and career, depends on individual attitudes

Salary - Excellent

+6 more

Dislikes

Newly introduced online core Insurance(EASI) is not employees/customers friendly. Centralised system & so many stepping of authority.

Site Manager in Al Jubail

POWER DIVISION Department

4.0

• posted on 08 Aug 2017

4.0

for Salary and Benefits

Likes

I LIKE WORK IN POWER PROJECTS LIKE HIGH VOLTAGE GIS SUBSTATIONS.AL ARRAB IS A SAUDI BASED COMPANY WORKING FOR THE CONSTRUCTION OF GIS SUB-STATION AND MEP PROJECTS.

Salary - Good

+4 more

Dislikes

I DON'T LIKE IF THERE IS NO INCREMENT IN SALARY AFTER WORKING LONG TIME IN COMPANY.SHOULD MUST BE INCREMENT PER YEAR AS PER PERFORMANCE.

Administration Officer in Retired Now

Other Department

4.0

• posted on 16 Feb 2021

4.0

for Salary and Benefits

Likes

A prestigious company. Work culture good for both clients & staff, good salary and job satisfaction, good growth in friendly atmosphere, five days a week. Good for job seekers (if Govt. keeps it alive).

Salary - Good

+6 more

Dislikes

Nothing...

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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... read more

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National Insurance Company Underwriter Salary FAQs

What is the salary of Underwriter at National Insurance Company?

Underwriter salary at National Insurance Company in India ranges between ₹1.5 Lakhs to ₹3.0 Lakhs for experience between 1 years to 4 years. According to our estimates it is 58% less than the average Underwriter Salary in India. Salary estimates are based on 8 latest salaries received from various employees of National Insurance Company India.

How does the salary of a Underwriter at National Insurance Company India compare with the average salary range for this job?

The average salary of a Underwriter at National Insurance Company is 58% less than the average salary of a Underwriter in India. To know exact salary insights, login to view.

Which similar companies are paying more than National Insurance Company to a Underwriter in India?

Gallagher Underwriter Salary - ₹9.0 Lakhs to ₹21.0 Lakhs per year
SBI General Insurance Underwriter Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
Tata AIG Underwriter Salary - ₹5.2 Lakhs to ₹17.1 Lakhs per year
Tata AIA Life Insurance Underwriter Salary - ₹6.0 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company Underwriter Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year

What is the salary of a Underwriter in companies similar to National Insurance Company in India?

Kotak Mahindara Life Insurance Underwriter Salary - ₹5.1 Lakhs to ₹9.1 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
Iffco Tokio General Insurance Co. Underwriter Salary - ₹2.0 Lakhs to ₹8.9 Lakhs per year
Cholamandalam MS General Insurance Underwriter Salary - ₹2.0 Lakhs to ₹9.9 Lakhs per year

What is the estimated take home salary of a Underwriter at National Insurance Company in India?

The estimated take-home salary of a Underwriter at National Insurance Company ranges between ₹15,454 per month to ₹17,061 per month in India. The take-home salary calculation is based on the average National Insurance Company Underwriter salary in India which ranges between ₹1.5 Lakhs to ₹3.0 Lakhs per year for employees with experience between 1 years to 4 years. Check how did we calculate take home salary?

What is the notice period for Underwriter at National Insurance Company?

According to AmbitionBox, 67% of the National Insurance Company Underwriters reported a notice period of 15 days or less, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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National Insurance Company Underwriter Salaries

National Insurance Company Underwriter salary in India ranges between ₹1.5 Lakh to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 National Insurance Company latest salaries received from various employees of National Insurance Company.