PNB MetLife Underwriting Manager Salaries by 4 Employees

2 - 16 years exp.

₹3.9 Lakhs - ₹11.4 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

17% less than the average Underwriting Manager Salary in Insurance Companies for 2 - 16 years of experience

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Last Updated: 22 Nov 2023

Companies similar to PNB MetLife for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Underwriting Manager Salary 1 - 13 years exp. (29 salaries)	₹5.8 L/yr - ₹13.5 L/yr 31% more
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 13% more
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Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 74% more
Cholamandalam MS General Insurance Underwriting Manager Salary 4 - 13 years exp. (7 salaries)	₹4.4 L/yr - ₹11.9 L/yr 8% more
Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 72% more
Aditya Birla Health Insurance Co Underwriting Manager Salary 9 - 11 years exp. (5 salaries)	₹8.2 L/yr - ₹10.5 L/yr 32% more
SBI Life Insurance Company Underwriting Manager Salary 1 - 14 years exp. (5 salaries)	₹8 L/yr - ₹11 L/yr 31% more
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 75% more
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 14% less
Aditya Birla Sun Life Insurance Underwriting Manager Salary 7 - 10 years exp. (4 salaries)	₹10.1 L/yr - ₹13.4 L/yr 52% more
Axis Max Life Insurance Underwriting Manager Salary 5 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 29% more
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IndiaFirst Life Insurance Underwriting Manager Salary 13 - 15 years exp. (3 salaries)	₹10.8 L/yr - ₹13.8 L/yr 64% more
Star Health & Allied Insurance Underwriting Manager Salary 3 - 5 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 38% less
AIG Underwriting Manager Salary 9 - 14 years exp. (3 salaries)	₹14.3 L/yr - ₹21.1 L/yr 123% more

Underwriting Manager salary at PNB MetLife ranges between ₹3.9 Lakhs to ₹11.4 Lakhs per year for employees with experience between 2 years to 16 years. Salary estimates are based on 4 latest salaries received from various employees of PNB MetLife.

Experience wise PNB MetLife Underwriting Manager salaries

Last Updated: 22 Nov 2023

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr
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14 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.7 L/yr
15+ years (AmbitionBox Estimate)	₹10.3 L/yr - ₹13.1 L/yr

Similar Designation salaries in PNB MetLife

Underwriter Salary

(4 salaries)

₹2 L/yr - ₹7 L/yr

Deputy Manager Salary

(127 salaries)

₹3.9 L/yr - ₹12.58 L/yr

Chief Manager Salary

(56 salaries)

₹14 L/yr - ₹30.6 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Team Lead Salary

(10 salaries)

₹1.2 L/yr - ₹6.5 L/yr

Senior Associate Salary

(6 salaries)

₹1.85 L/yr - ₹4.45 L/yr

Management Trainee Salary

(6 salaries)

₹6 L/yr - ₹7 L/yr

Analyst Salary

(5 salaries)

₹3 L/yr - ₹7.4 L/yr

Associate Vice President Salary

(3 salaries)

₹19.5 L/yr - ₹28.6 L/yr

Salary related reviews for PNB MetLife

Chief Manager in Gurgaon / Gurugram

Data Science & Analytics Department

4.0

• posted on 14 Sep 2022

1.0

for Salary and Benefits

Likes

Work culture allows you exponentially increase your learning curve. Opportunities are given to learn new things, which basically is dependent on each individual's potential. Work life balance is also maintained as company has Hybrid workplace culture.

Skill development - Good

+4 more

Dislikes

...make all the decisions. Even new ideas are appreciated but never implemented. Salary bands are very conservative and increments are not that good too. Also, upper management has higher payout% and lower management gets very less.

Salary - Bad

Executive Relationship Manager in New Delhi

Full Time

Sales & Business Development Department

1.0

• posted on 21 Mar 2025

2.0

for Salary and Benefits

Likes

Salary On Time

Dislikes

You Have To Work 7 days. upper Management Is Very bad They Talk With Juniors Like They Are Paying Salary With His Own Pocket They Want You To Work 24/7 All The Time And Forget Your Family And Personal Life. Only Politics Honest Person Not Able To Work Here

Salary - Poor

+6 more

Business Development Manager in Guwahati

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 27 Nov 2024

2.0

for Salary and Benefits

Likes

Sorry to say I am not received last 10 days salary amount and before last day my workline Hr is not working and informed my reporting and local HR ..but I am not received and I have already shared daily basis gps photo .. because my reporting said daily share photo with gps but ............😔😔😔😔😔😔

Skill development - Excellent

+2 more

Dislikes

Last 10 days salary is not received but I was working pickup a policy but.........

Salary - Poor

+2 more

Territory Sales Manager in Meerut

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 07 Nov 2024

5.0

for Salary and Benefits

Likes

Salary is given on time

Salary - Excellent

Dislikes

Worst work culture, hire and fire system, no scope of learning anything either perform or go. No support from supervisors. Will not recommend to anyone. Shifts extends for 9-10hrs, no work life balance

Skill development - Bad

+4 more

Relationship Manager in Aurangabad

Full Time

Sales & Business Development Department

1.0

• posted on 01 Aug 2024

1.0

for Salary and Benefits

Likes

...r banca channel. I was handling 3 branches in 3 cities. Got very bad experience. My last month salary, my travel claim everything is not clear yet, and given me 1 day relieve... Pathetic work culture. That banks, which have tie up they also not given any business by saying reasons like, in last 2-3 year PNB MetLife not given services properly. And your employees frequently changes the jobs and we need to face customer... Customer's maturity amount is hold for 7 months after maturity... Operation team also not supportive for ground level Emp. But seniors wants business only... In PNB METLIFE Seniors shouting for business and customers shouting for service.. as a employee we were taking salary for harrasment only not for our duty.

Dislikes

...r banca channel. I was handling 3 branches in 3 cities. Got very bad experience. My last month salary, my travel claim everything is not clear yet, and given me 1 day relieve... Pathetic work culture. That banks, which have tie up they also not given any business by saying one reasons like, in last 2-3 years PNB MetLife not given services properly. and your employees frequently changes the jobs and we need to face customers... Customer's maturity amount is hold for 7 months after maturity.... Operations team also not supportive for ground level elp. But seniors wants business only... In PNB MetLife seniors shouting for business and customers shouting for service.. as a employee we were taking salary for harrasment only not for our duty.

Salary - Bad

+6 more

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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PNB MetLife Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at PNB MetLife ?

The average salary of a Underwriting Manager at PNB MetLife in India typically ranges from ₹3.9 Lakhs to ₹11.4 Lakhs per year, depending on experience (from 2 years to 16 years).

The top 10% of Underwriting Manager at PNB MetLife earn more than ₹11.4 Lakhs per year, and the top 1% earn over ₹11.4 Lakhs per year. Underwriting Manager Salaries at PNB MetLife 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 4 PNB MetLife employees in India.

What is the estimated take home salary of a Underwriting Manager at PNB MetLife in India?

The estimated take-home salary of a Underwriting Manager at PNB MetLife in India typically ranges from ₹54,661 to ₹56,027 per month. This is based on the average salary range of ₹3.9 Lakhs to ₹11.4 Lakhs per year for employees with experience ranging from 2 years to 16 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 4 salaries received from various employees of PNB MetLife. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than PNB MetLife for Underwriting Manager in India?

AIG	₹14.3 Lakhs to ₹21.1 Lakhs per year
HDFC Life	₹9.7 Lakhs to ₹18.5 Lakhs per year
Tata AIA Life Insurance	₹7.8 Lakhs to ₹18.0 Lakhs per year
Gallagher	₹12.0 Lakhs to ₹13.0 Lakhs per year
IndiaFirst Life Insurance	₹10.8 Lakhs to ₹13.8 Lakhs per year

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

What is the salary of a Underwriting Manager in companies similar to PNB MetLife in India?

The salary of a Underwriting Manager at companies similar to PNB MetLife in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Aditya Birla Sun Life Insurance	₹10.1 Lakhs to ₹13.4 Lakhs per year
Aditya Birla Health Insurance Co	₹8.2 Lakhs to ₹10.5 Lakhs per year
SBI Life Insurance Company	₹8.0 Lakhs to ₹11.0 Lakhs per year
SBI General Insurance	₹5.8 Lakhs to ₹13.5 Lakhs per year
Axis Max Life Insurance	₹8.5 Lakhs to ₹10.0 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 Underwriting Manager at PNB MetLife in India?

The salary growth for a Underwriting Manager at PNB MetLife depends on factors such as experience, performance, and promotions. On average, a Underwriting Manager can expect the following growth trajectory at PNB MetLife:

Experience	Average Salary Range
2 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
6 years	₹3.5 Lakhs to ₹4.5 Lakhs per year
14 years	₹9.1 Lakhs to ₹11.7 Lakhs per year
15 years	₹10.3 Lakhs to ₹13.1 Lakhs per year

and so on.

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PNB MetLife Underwriting Manager Salaries

PNB MetLife Underwriting Manager salary in India ranges between ₹3.9 Lakhs to ₹11.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 PNB MetLife latest salaries received from various employees of PNB MetLife.