Royal Sundaram General Insurance Underwriter Salaries by 10+ Employees (Updated 2024)

1 - 15 years exp.

₹4.1 Lakhs - ₹17.6 Lakhs

Salary of majority employees

86% more than the average Underwriter Salary in Insurance Companies for 1 - 15 years of experience

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Salaries in different departments

BFSI, Investments & Trading Underwriter Salary 1 - 15 years exp. (10 salaries)	₹4.8 L/yr - ₹17.7 L/yr
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Finance & Accounting Underwriter Salary 5 - 6 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹9.6 L/yr

Last Updated: 24 Sep 2024

Companies similar to Royal Sundaram General Insurance for Underwriter

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Underwriter Salary 0 - 6 years exp. (49 salaries)	₹2.5 L/yr - ₹12 L/yr 27% less
HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (13 salaries)	₹3 L/yr - ₹7.2 L/yr 30% less
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Bajaj Allianz General Insurance Underwriter Salary 2 - 10 years exp. (11 salaries)	₹1 L/yr - ₹5.7 L/yr 63% less
Reliance General Insurance Underwriter Salary 0 - 3 years exp. (12 salaries)	₹3 L/yr - ₹8 L/yr 38% less	1 job opening
Tata AIG Underwriter Salary 0 - 2 years exp. (50 salaries)	₹5.1 L/yr - ₹15 L/yr 8% more	1 job opening
United India Insurance Company Underwriter Salary 1 - 6 years exp. (7 salaries)	₹1.6 L/yr - ₹3.5 L/yr 75% less
National Insurance Company Underwriter Salary 1 - 4 years exp. (8 salaries)	₹1.5 L/yr - ₹3 L/yr 77% less
SBI General Insurance Underwriter Salary 0 - 14 years exp. (9 salaries)	₹5 L/yr - ₹14 L/yr 9% more
Max Life Insurance Underwriter Salary 1 - 5 years exp. (11 salaries)	₹2.1 L/yr - ₹3.1 L/yr 76% less
Cholamandalam MS General Insurance Underwriter Salary 0 - 11 years exp. (11 salaries)	₹2 L/yr - ₹9.7 L/yr 46% less
Swiss Re Underwriter Salary 0 - 8 years exp. (7 salaries)	₹4.7 L/yr - ₹19 L/yr 11% more
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IndiaFirst Life Insurance Underwriter Salary 4 - 7 years exp. (5 salaries)	₹2.8 L/yr - ₹6 L/yr 56% less	1 job opening
Digit Insurance Underwriter Salary 0 - 7 years exp. (5 salaries)	₹8 L/yr - ₹11.4 L/yr 1% less
Bharti AXA Life Insurance Underwriter Salary 0 - 5 years exp. (4 salaries)	₹3.8 L/yr - ₹7.5 L/yr 43% less
Edelweiss Tokio Life Insurance Underwriter Salary 2 - 4 years exp. (4 salaries)	₹3.6 L/yr - ₹6 L/yr 53% less
Shriram General Insurance Underwriter Salary 0 - 4 years exp. (4 salaries)	₹2.2 L/yr - ₹5 L/yr 63% less
MetLife Underwriter Salary 1 - 3 years exp. (3 salaries)	₹3.4 L/yr - ₹4.2 L/yr 61% less

Underwriter salary at Royal Sundaram General Insurance ranges between ₹4.1 Lakhs to ₹17.6 Lakhs per year for employees with experience between 1 year to 15 years. Salary estimates are based on 18 latest salaries received from various employees of Royal Sundaram General Insurance.

Experience wise Royal Sundaram General Insurance Underwriter salaries

Last Updated: 24 Sep 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹6.6 L/yr - ₹12.6 L/yr
2 years (AmbitionBox Estimate)	₹7 L/yr - ₹13.4 L/yr
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3 years (4 salaries)	₹3.6 L/yr - ₹14.1 L/yr
4 years (AmbitionBox Estimate)	₹8 L/yr - ₹14.8 L/yr
5 years (4 salaries)	₹4.8 L/yr - ₹10 L/yr
6 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹9.6 L/yr
7 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
8 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.3 L/yr
9 years (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr
10 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.3 L/yr
11 years (AmbitionBox Estimate)	₹10 L/yr - ₹12.7 L/yr
12 years (AmbitionBox Estimate)	₹4.6 L/yr - ₹14.8 L/yr
13 years (3 salaries)	₹4.8 L/yr - ₹21.4 L/yr
14 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.1 L/yr
15+ years (AmbitionBox Estimate)	₹5.1 L/yr - ₹16.2 L/yr

View all

Similar Designation salaries in Royal Sundaram General Insurance

Senior Underwriter Salary

(3 salaries)

₹4.9 L/yr - ₹5.5 L/yr

Analyst Salary

(4 salaries)

₹2 L/yr - ₹3.16 L/yr

Underwriting Manager Salary

(AmbitionBox Estimate)

₹10.7 L/yr - ₹13.7 L/yr

Team Lead Salary

(15 salaries)

₹3.5 L/yr - ₹6.5 L/yr

Senior Associate Salary

(16 salaries)

₹2 L/yr - ₹4 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.3 L/yr

Deputy Manager Salary

(12 salaries)

₹12 L/yr - ₹18 L/yr

Management Trainee Salary

(5 salaries)

₹2.4 L/yr - ₹10.75 L/yr

Process Associate Salary

(4 salaries)

₹2 L/yr - ₹3.2 L/yr

Senior Process Associate Salary

(3 salaries)

₹2.5 L/yr - ₹4.5 L/yr

Top skills at Royal Sundaram General Insurance for Underwriter

General Insurance Team Management

Salary related reviews for Royal Sundaram General Insurance

4.3

Rated by 5 employees for salary & benefits

Back Office Associate in Chennai

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 26 Oct 2023

3.0

for Salary and Benefits

Likes

No more pressure . Appreciate the thing is providing the Food afternoon. But that also not maintaining properly.

Dislikes

... seems like school identity card. That also nowadays Looking Good. No more trip. If we want means we have to pay. Company not responsible. No more cab facilities. Royal sundaram sets for only the people WHO ARE ON ROLLS.

Territory Sales Manager in Kolkata

Full Time

Merchandising, Retail & eCommerce Department

1.0

• posted on 06 Feb 2024

4.0

for Salary and Benefits

Likes

Products are good to promote. Salary is good.

Dislikes

HR is reactive and not supportive to employees. Management is not mature to run the show. No one is ready to listen new ideas. Induction has done after 89 days from joining.

Sales Support Associate in Nagpur

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 19 Apr 2023

2.0

for Salary and Benefits

Likes

Work balance is quite good and no eager deadlines.

Dislikes

...posting. No policy for getting promotion within team within specific criteria. Appraisal cycle is worst and no clarity every year about bonus even salary hike too. It is also true that in this company higher management does not coperate with lower level staff.

Branch Incharge in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 12 Sep 2023

1.0

for Salary and Benefits

Likes

Trust they have on team earlier Earlier we have freedom

Dislikes

...ays...my father was admitted under serious condition finally I lost my father...I worked during period while from Hospital which was known to reporting manager and later my 40 days salary was deducted which was done intentionally and no one supported no one asked me while leaving....I feel very bad of spending my 6+ years with organisation....I was really frustrated during the phase...I have all the evidence

Operations Executive in Kolkata

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 04 Aug 2021

2.0

for Salary and Benefits

Likes

...oyal Sundaram, your job is absolutely secured, but the growth is very very poor. You will be giving your best for a low package altogether. Otherwise the company is good to survive

Dislikes

Salary and growth.

see more salary related reviews

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a technical project manager

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Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Royal Sundaram General Insurance Underwriter Salary FAQs

What is the salary of Underwriter at Royal Sundaram General Insurance?

Underwriter salary at Royal Sundaram General Insurance in India ranges between ₹4.1 Lakhs to ₹17.6 Lakhs for experience between 1 years to 15 years. According to our estimates it is 86% more than the average Underwriter Salary in India. Salary estimates are based on 18 latest salaries received from various employees of Royal Sundaram General Insurance India.

How does the salary of a Underwriter at Royal Sundaram General Insurance India compare with the average salary range for this job?

The average salary of a Underwriter at Royal Sundaram General Insurance is 86% more than the average salary of a Underwriter in India. To know exact salary insights, login to view.

What are the top skills required to work as a Underwriter at Royal Sundaram General Insurance?

General Insurance and Team Management are some of the popular skills required to work as a Underwriter at Royal Sundaram General Insurance India.

Which similar companies are paying more than Royal Sundaram General Insurance to a Underwriter in India?

Swiss Re Underwriter Salary - ₹4.7 Lakhs to ₹19.0 Lakhs per year
SBI General Insurance Underwriter Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
Tata AIG Underwriter Salary - ₹5.1 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Underwriter in companies similar to Royal Sundaram General Insurance in India?

Digit Insurance Underwriter Salary - ₹8.0 Lakhs to ₹11.4 Lakhs per year
ICICI Lombard General Insurance Company Underwriter Salary - ₹2.5 Lakhs to ₹12.0 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
Bharti AXA Life Insurance Underwriter Salary - ₹3.8 Lakhs to ₹7.5 Lakhs per year

What is the estimated take home salary of a Underwriter at Royal Sundaram General Insurance in India?

The estimated take-home salary of a Underwriter at Royal Sundaram General Insurance ranges between ₹71,229 per month to ₹73,063 per month in India. The take-home salary calculation is based on the average Royal Sundaram General Insurance Underwriter salary in India which ranges between ₹4.1 Lakhs to ₹17.6 Lakhs per year for employees with experience between 1 years to 15 years. Check how did we calculate take home salary?

What is the notice period for Underwriter at Royal Sundaram General Insurance?

According to AmbitionBox, 40% of the Royal Sundaram General Insurance Underwriters reported a notice period of 1 Month, 40% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 5 responses on AmbitionBox in last 2 years.

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Royal Sundaram General Insurance Underwriter Salaries

Royal Sundaram General Insurance Underwriter salary in India ranges between ₹4.1 Lakhs to ₹17.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Royal Sundaram General Insurance latest salaries received from various employees of Royal Sundaram General Insurance.