National Insurance Company Underwriter Salaries by 8 Employees

1 - 4 years exp.

₹1.5 Lakh - ₹3 Lakhs

Low Confidence

Salary of majority employees

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)	₹1.5 L/yr - ₹2.5 L/yr
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Human Resources Underwriter Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹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
Star Health & Allied Insurance Underwriter Salary 0 - 8 years exp. (64 salaries)	₹1.4 L/yr - ₹4.1 L/yr 19% more
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (43 salaries)	₹5 L/yr - ₹10 L/yr 228% more
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Tata AIG Underwriter Salary 0 - 5 years exp. (42 salaries)	₹5.2 L/yr - ₹16.1 L/yr 315% more
ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (25 salaries)	₹2.1 L/yr - ₹6 L/yr 90% more
SBI Life Insurance Company Underwriter Salary 1 - 12 years exp. (24 salaries)	₹2.5 L/yr - ₹7.3 L/yr 106% more
Iffco Tokio General Insurance Co. Underwriter Salary 2 - 14 years exp. (21 salaries)	₹2.2 L/yr - ₹8.6 L/yr 135% more	1 job opening
HDFC Life Underwriter Salary 0 - 5 years exp. (17 salaries)	₹1.8 L/yr - ₹4.7 L/yr 68% more
Reliance General Insurance Underwriter Salary 0 - 3 years exp. (12 salaries)	₹3 L/yr - ₹8 L/yr 173% more
Axis Max Life Insurance Underwriter Salary 1 - 5 years exp. (11 salaries)	₹2.1 L/yr - ₹3.1 L/yr 9% more	1 job opening
Gallagher Underwriter Salary 3 - 13 years exp. (10 salaries)	₹9 L/yr - ₹21 L/yr 466% more
Cholamandalam MS General Insurance Underwriter Salary 0 - 9 years exp. (10 salaries)	₹2 L/yr - ₹9.9 L/yr 144% more
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Bajaj Allianz Life Insurance Underwriter Salary 1 - 11 years exp. (10 salaries)	₹2.4 L/yr - ₹8 L/yr 84% more
SBI General Insurance Underwriter Salary 0 - 14 years exp. (9 salaries)	₹5 L/yr - ₹14 L/yr 382% more
The New India Assurance Co. Underwriter Salary 0 - 6 years exp. (8 salaries)	₹1 L/yr - ₹5.1 L/yr 123% more
Allstate Underwriter Salary 3 - 8 years exp. (7 salaries)	₹4 L/yr - ₹7 L/yr 102% more
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 37% more
Kotak Mahindara Life Insurance Underwriter Salary 0 - 3 years exp. (6 salaries)	₹5.1 L/yr - ₹9.1 L/yr 217% more
Guardian India Underwriter Salary 2 - 3 years exp. (5 salaries)	₹2.2 L/yr - ₹4.5 L/yr 28% more
United India Insurance Company Underwriter Salary 1 - 4 years exp. (5 salaries)	₹2 L/yr - ₹3.3 L/yr 42% more
Canara HSBC Life Insurance Underwriter Salary 3 - 5 years exp. (4 salaries)	₹3.7 L/yr - ₹5 L/yr 100% 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)	₹1.5 L/yr - ₹3 L/yr
2 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.5 L/yr
4 years (AmbitionBox Estimate)	₹0.9 L/yr - ₹2.5 L/yr

Similar Designation salaries in National Insurance Company

Analyst Salary

(AmbitionBox Estimate)

₹8.1 L/yr - ₹10.4 L/yr

Mortgage Underwriter Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹13.5 L/yr - ₹17.3 L/yr

Deputy Manager Salary

(12 salaries)

₹17 L/yr - ₹25 L/yr

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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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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National Insurance Company Underwriter Salary FAQs

What is the salary of Underwriter at National Insurance Company ?

The average salary of a Underwriter at National Insurance Company in India typically ranges from ₹1.5 Lakhs to ₹3.0 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Underwriter at National Insurance Company earn more than ₹2.9 Lakhs per year, and the top 1% earn over ₹3.0 Lakhs per year. Underwriter Salaries at National Insurance Company can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 8 National Insurance Company employees in India.

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 in India typically ranges from ₹15,454 to ₹17,061 per month. This is based on the average salary range of ₹1.5 Lakhs to ₹3.0 Lakhs per year for employees with experience ranging from 1 year to 4 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 8 salaries received from various employees of National Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than National Insurance Company for Underwriter in India?

Gallagher	₹9.0 Lakhs to ₹21.0 Lakhs per year
SBI General Insurance	₹5.0 Lakhs to ₹14.0 Lakhs per year
Tata AIG	₹5.2 Lakhs to ₹16.1 Lakhs per year
Tata AIA Life Insurance	₹6.0 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company	₹5.0 Lakhs to ₹10.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by National Insurance Company, depending on the role and experience level.

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

The salary of a Underwriter at companies similar to National Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kotak Mahindara Life Insurance	₹5.1 Lakhs to ₹9.1 Lakhs per year
Reliance General Insurance	₹3.0 Lakhs to ₹8.0 Lakhs per year
Cholamandalam MS General Insurance	₹2.0 Lakhs to ₹9.9 Lakhs per year
Iffco Tokio General Insurance Co.	₹2.2 Lakhs to ₹8.6 Lakhs per year
PNB MetLife	₹2.0 Lakhs to ₹7.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Underwriter at National Insurance Company in India?

The salary growth for a Underwriter at National Insurance Company depends on factors such as experience, performance, and promotions. On average, a Underwriter can expect the following growth trajectory at National Insurance Company:

Experience	Average Salary Range
1 year	₹1.5 Lakhs to ₹3.0 Lakhs per year
2 years	₹1.5 Lakhs to ₹4.0 Lakhs per year
3 years	₹0.9 Lakhs to ₹2.5 Lakhs per year
4 years	₹0.9 Lakhs to ₹2.5 Lakhs per year

and so on.

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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.