Reliance General Insurance Commercial Underwriting Manager Salaries by 20+ Employees (Updated 2025)

1 - 11 years exp.

₹5.2 Lakhs - ₹10.5 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

10% more than the average Commercial Underwriting Manager Salary in Insurance Companies for 1 - 11 years of experience

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Last Updated: 2 Apr 2025

Companies similar to Reliance General Insurance for Commercial Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Ergo General Insurance Commercial Underwriting Manager Salary 3 - 12 years exp. (6 salaries)	₹6.4 L/yr - ₹7.7 L/yr 17% less
Magma HDI General Insurance Commercial Underwriting Manager Salary 0 - 15 years exp. (3 salaries)	₹8.5 L/yr - ₹10.8 L/yr 19% more
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Cholamandalam MS General Insurance Commercial Underwriting Manager Salary 12 - 15 years exp. (3 salaries)	₹12.3 L/yr - ₹15 L/yr 59% more

Commercial Underwriting Manager salary at Reliance General Insurance ranges between ₹5.2 Lakhs to ₹10.5 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 24 latest salaries received from various employees of Reliance General Insurance.

Experience wise Reliance General Insurance Commercial Underwriting Manager salaries

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
1 year (4 salaries)	₹6 L/yr - ₹14.9 L/yr
2 years (4 salaries)	₹6.3 L/yr - ₹15 L/yr
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3 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.6 L/yr
5 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
6 years (4 salaries)	₹5.2 L/yr - ₹15.2 L/yr
7 years (3 salaries)	₹5.2 L/yr - ₹9.1 L/yr
8 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
9 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.8 L/yr
10 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr
11 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹9.9 L/yr

View all

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₹1.1 L/yr - ₹3.2 L/yr

Salary related reviews for Reliance General Insurance

2.5

Rated by 6 employees for salary & benefits

Commercial Underwriting Manager in Mumbai

Underwriting Department

5.0

• posted on 03 Nov 2021

3.0

for Salary and Benefits

Likes

Job security

Skill development - Good

+5 more

Dislikes

HR Policies are unrealistic. The bonus you get for a year of hard work has a retention of 6 months i.e for the work you have done in fy20-21 they will give you bonus in July 21 with the clause that if you resign within next 6 months you would have to return your bonus which in unprecedented

Deputy Manager in Lucknow

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 12 Jul 2023

2.0

for Salary and Benefits

Likes

Job surity

Dislikes

...ntives criteria. Company shall pay bonus on your based performance of the year. That is no pay such a big amount and company add the clause in your bonus. If you resign before six months company shall recovered your bonus amount.

Salary - Poor

+4 more

Operations Support Officer in New Delhi

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 21 Feb 2025

2.0

for Salary and Benefits

Likes

I like friendly culture.

Dislikes

Salary - Average I have been working in this company since January 2022 but my salary still 22k only Promotion - Poor my opportunity was given to another person whose don't know about my product he is onroll as a deputy manager and I am still consultant.

Salary - Poor

+1 more

Legal Consultant in Bangalore / Bengaluru

Full Time

Other Department

2.0

• posted on 22 Nov 2024

1.0

for Salary and Benefits

Likes

Celebrated festival very well work enthusiasm

Dislikes

Treat the employees like a slave's and treated as backbend officer unsatisfied with the job and they offered very poor salary but they assign too much of work, make conditions for in and out and observed too much that overall work experience is too bad

Salary - Bad

+5 more

Deputy Manager Analyst in Mumbai

Full Time

Other Department

3.0

• posted on 06 Nov 2024

3.0

for Salary and Benefits

Likes

Work culture is good

Company culture - Excellent

+1 more

Dislikes

Promotion and hikes are very low. If you join on low package it will be very difficult to get satisfactory hike next year Performance Bonus return - will have to return the bonus if you leave before 6 months after getting bonus so basically you will need to wait total 9 months to get out from the organization

Skill development - Poor

+1 more

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Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

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Reliance General Insurance Commercial Underwriting Manager Salary FAQs

What is the salary of Commercial Underwriting Manager at Reliance General Insurance ?

The average salary of a Commercial Underwriting Manager at Reliance General Insurance in India typically ranges from ₹5.2 Lakhs to ₹10.5 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Commercial Underwriting Manager at Reliance General Insurance earn more than ₹8.6 Lakhs per year, and the top 1% earn over ₹10.5 Lakhs per year. Commercial Underwriting Manager Salaries at Reliance General Insurance 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 20+ Reliance General Insurance employees in India.

What is the estimated take home salary of a Commercial Underwriting Manager at Reliance General Insurance in India?

The estimated take-home salary of a Commercial Underwriting Manager at Reliance General Insurance in India typically ranges from ₹61,970 to ₹63,542 per month. This is based on the average salary range of ₹5.2 Lakhs to ₹10.5 Lakhs per year for employees with experience ranging from 1 year to 11 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 20+ salaries received from various employees of Reliance General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Reliance General Insurance for Commercial Underwriting Manager in India?

Cholamandalam MS General Insurance	₹12.3 Lakhs to ₹15.0 Lakhs per year
Magma HDI General Insurance	₹8.5 Lakhs to ₹10.8 Lakhs per year

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

What is the salary of a Commercial Underwriting Manager in companies similar to Reliance General Insurance in India?

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

HDFC Ergo General Insurance

₹6.4 Lakhs to ₹7.7 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 Commercial Underwriting Manager at Reliance General Insurance in India?

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

Experience	Average Salary Range
1 year	₹6.0 Lakhs to ₹14.9 Lakhs per year
2 years	₹6.3 Lakhs to ₹15.0 Lakhs per year
3 years	₹7.5 Lakhs to ₹9.6 Lakhs per year
4 years	₹7.5 Lakhs to ₹9.6 Lakhs per year

and so on.

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Reliance General Insurance Commercial Underwriting Manager Salaries by Location

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Reliance General Insurance Commercial Underwriting Manager Salaries

Reliance General Insurance Commercial Underwriting Manager salary in India ranges between ₹5.2 Lakhs to ₹10.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 Reliance General Insurance latest salaries received from various employees of Reliance General Insurance.

Reliance General Insurance Commercial Underwriting Manager salaries in India (Updated 2025)

Companies similar to Reliance General Insurance for Commercial Underwriting Manager

Latest annual salaries shared by Reliance General Insurance Commercial Underwriting Manager

Experience wise Reliance General Insurance Commercial Underwriting Manager salaries

Similar Designation salaries in Reliance General Insurance

Salary related reviews for Reliance General Insurance

Commercial Underwriting Manager in Mumbai

Deputy Manager in Lucknow

Operations Support Officer in New Delhi

Legal Consultant in Bangalore / Bengaluru

Deputy Manager Analyst in Mumbai

Reliance General Insurance Commercial Underwriting Manager Salary FAQs

Tell us how to improve this page.

Reliance General Insurance Commercial Underwriting Manager Salaries by Location