Upload Button Icon Add office photos
Engaged Employer

i

This company page is being actively managed by SBI General Insurance Team. If you also belong to the team, you can get access from here

SBI General Insurance Verified Tick

Compare button icon Compare button icon Compare
filter salariesFilter salaries by

SBI General Insurance Underwriting Manager salaries in India (Updated 2025)

Annual salary range
1 - 13 years exp.
₹5.8 Lakhs - ₹13.5 Lakhs
Salary of majority employees
unlock blur
Fixed (89%)
₹8.8 Lakhs
Variable (11%)
₹1.1 Lakh
unlock blur

11% more than the average Underwriting Manager Salary in Insurance Companies for 1 - 13 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading
Underwriting Manager Salary
1 - 13 years exp. (19 salaries)
unlock-blur

₹6.5 L/yr - ₹13.5 L/yr

Risk Management & Compliance
Underwriting Manager Salary
9 - 10 years exp. (3 salaries)
unlock-blur

₹5.8 L/yr - ₹9.7 L/yr

Customer Success, Service & Operations
Underwriting Manager Salary
10 - 12 years exp. (AmbitionBox Estimate)
unlock-blur

₹11 L/yr - ₹13 L/yr

Finance & Accounting
Underwriting Manager Salary
7 - 8 years exp. (AmbitionBox Estimate)
unlock-blur

₹10 L/yr - ₹11 L/yr

Healthcare & Life Sciences
Underwriting Manager Salary
7 - 8 years exp. (AmbitionBox Estimate)
unlock-blur

₹10 L/yr - ₹11.3 L/yr

Last Updated: 20 Mar 2025

Companies similar to SBI General Insurance for Underwriting Manager

Company name Avg Annual Salary Open Jobs
unlock blur

₹6 L/yr - ₹10.5 L/yr

arrow icon 16% less
unlock blur

₹7.8 L/yr - ₹18 L/yr

arrow icon 25% more
unlock blur

₹4.4 L/yr - ₹11.9 L/yr

arrow icon 20% less
Logo
Gallagher Underwriting Manager Salary

7 - 10 years exp. (5 salaries)

unlock blur

₹12 L/yr - ₹13 L/yr

arrow icon 28% more
unlock blur

₹8.2 L/yr - ₹10.5 L/yr

arrow icon 2% less
unlock blur

₹8 L/yr - ₹11 L/yr

arrow icon 2% less
Logo
HDFC Life Underwriting Manager Salary

12 - 17 years exp. (5 salaries)

unlock blur

₹9.7 L/yr - ₹18.5 L/yr

arrow icon 30% more
unlock blur

₹5.1 L/yr - ₹8.4 L/yr

arrow icon 36% less
unlock blur

₹10.1 L/yr - ₹13.4 L/yr

arrow icon 13% more
Logo
PNB MetLife Underwriting Manager Salary

2 - 16 years exp. (4 salaries)

unlock blur

₹3.9 L/yr - ₹11.4 L/yr

arrow icon 26% less
unlock blur

₹7.8 L/yr - ₹14.6 L/yr

arrow icon 11% more
unlock blur

₹8.5 L/yr - ₹10 L/yr

arrow icon 4% less
unlock blur

₹3 L/yr - ₹5.1 L/yr

arrow icon 54% less
Logo
AIG Underwriting Manager Salary

9 - 14 years exp. (3 salaries)

unlock blur

₹14.3 L/yr - ₹21.1 L/yr

arrow icon 66% more
Underwriting Manager salary at SBI General Insurance ranges between ₹5.8 Lakhs to ₹13.5 Lakhs per year for employees with experience between 1 year to 13 years. Salary estimates are based on 28 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Underwriting Manager

3d ago
avg blur mobile
3 years exp.
1mo ago
avg blur mobile
12 years exp.
4mo ago
avg blur mobile
2 years exp.
5mo ago
avg blur mobile
10 years exp.
9mo ago
avg blur mobile
5 years exp.
11mo ago
avg blur mobile
8 years exp.
11mo ago
avg blur mobile
13 years exp.
1y ago
avg blur mobile
7 years exp.
1y ago
avg blur mobile
1 year exp.
1y ago
avg blur mobile
11 years exp.

Experience wise SBI General Insurance Underwriting Manager salaries

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

unlock blur

₹8 L/yr - ₹16 L/yr
2 years (AmbitionBox Estimate)

unlock blur

₹3.6 L/yr - ₹10.4 L/yr
3 years (AmbitionBox Estimate)

unlock blur

₹3.7 L/yr - ₹10.4 L/yr
4 years (AmbitionBox Estimate)

unlock blur

₹8.4 L/yr - ₹10.8 L/yr
5 years (AmbitionBox Estimate)

unlock blur

₹7.1 L/yr - ₹17.2 L/yr
View all

Similar Designation salaries in SBI General Insurance

Credit Manager Salary
(AmbitionBox Estimate)
unlock blur
₹11.9 L/yr - ₹15.2 L/yr
Underwriter Salary
(8 salaries)
unlock blur
₹5 L/yr - ₹11.85 L/yr
Deputy Manager Salary
(157 salaries)
unlock blur
₹3.7 L/yr - ₹9.7 L/yr
Cluster Credit Manager Salary
(AmbitionBox Estimate)
unlock blur
₹6.8 L/yr - ₹8.6 L/yr
Chief Manager Salary
(60 salaries)
unlock blur
₹11.45 L/yr - ₹21 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
unlock blur
₹2.7 L/yr - ₹3.5 L/yr
Team Lead Salary
(19 salaries)
unlock blur
₹2.8 L/yr - ₹5.45 L/yr
unlock blur
₹2.7 L/yr - ₹7.5 L/yr
unlock blur
₹8 L/yr - ₹13 L/yr
Analyst Salary
(4 salaries)
unlock blur
₹1.85 L/yr - ₹9.92 L/yr

Top skills at SBI General Insurance for Underwriting Manager

Medical Underwriting Risk Assessment Stakeholder Management Risk Analysis Financial Analysis Insurance Underwriting Technical Analysis Business Planning Risk Assessment Underwriting

Salary related reviews for SBI General Insurance

2.8

Rated by 5 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 07 Jun 2024

1.0
 for  Salary and Benefits

Likes

You will get your salary on time. Apart from this nothing is good about this company.

read more

Dislikes

Nothing is good about this company. Company doesnt give work from home, but those people who are close to the higher management get plenty of work from home. If you are hard working, no one cares, if you are smart worker, no one cares. But if you know someone very important in the organisation then you are important. Favouritism and fawning are the only 2 qualities which will take you to heights. There is no transparency in the team, boss will discuss important matter with only those people who are close to him. Different department people will be made your boss who will himself not know the work. If you complain to the HR then HR will complain about you to your boss and your boss will make your life miserable. If your boss doesnt like you, he will not give you work and will purposely put u in pip. Competent people have left the organization and those who are here since the past 10 years are so lethargic and useless that you with be able to work with them. The HR does nothing to remove this toxicity and HR is also lethargic. A simple offer letter HR will release after 20 days. If you ask to change ur phone number in company portal HR will take minimum 6 months. My suggestion is, even if you are unemployed please dont join SBI General.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 23 Jan 2025

2.0
 for  Salary and Benefits

Likes

All other channels other than Sbi relationship will enjoy work without pressure… they bring non profit no’s also ok for organisation

read more
  • Job security - Good

Dislikes

Only sbi channel makes profits for organisation and get variable pay but this team will get only pressure and no motivation or opportunities in promotions

read more
  • Salary - Poor
  • +3 more

Full Time

 · 

Sales & Business Development Department

1.0
  •  posted on 04 Oct 2024

1.0
 for  Salary and Benefits

Likes

Nothing...

Dislikes

No work culture, No work life balance, No salary structure, Unnecessary salary deduction with no reason, No HR policies, No support Overall useless and worthless company, can lead to mental issues and health issues if worked here... Do not join..

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 29 Jan 2024

3.0
 for  Salary and Benefits

Likes

Work life balance little bit when company wants to keep employee otherwise nothing to like.

  • Work-life balance - Good

Dislikes

...ics and poor people management. No top management support No skills development Low salary package

read more
  • Skill development - Poor
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

1.0
  •  posted on 10 May 2023

1.0
 for  Salary and Benefits

Likes

Work as a team.supoort each other

  • Skill development - Good
  • +1 more

Dislikes

1 pay roll is less. Ihave worked with salary of 13000 and comp taken mba person same job 25000salart new comers also getting 20000 salary 2)increment is not done by calibar it is gone by licking a$$ of manager got 2rating.....other also who work hard got1/2. But buttering emp got 4star rating 3)company official are more interested in home life then work life. 4)company dont give opportunity for movement in other sector...tl also guide as a headache. Job if new post are available. 5)working feels good out of office within office it a jail like scenario where lunch break/tea all are fixed...we have to move with team if we are starting not... 6)manager and hr are not helping for any scenario. .

read more
  • Salary - Bad
  • +4 more
see more salary related reviews

Discover interview dos and don'ts from real experiences

SBI General Insurance Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at SBI General Insurance ?
The average salary of a Underwriting Manager at SBI General Insurance in India typically ranges from ₹5.8 Lakhs to ₹13.5 Lakhs per year, depending on experience (from 1 year to 13 years).

The top 10% of Underwriting Manager at SBI General Insurance earn more than ₹12.4 Lakhs per year, and the top 1% earn over ₹13.5 Lakhs per year. Underwriting Manager Salaries at SBI 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+ SBI General Insurance employees in India.
What is the estimated take home salary of a Underwriting Manager at SBI General Insurance in India?
The estimated take-home salary of a Underwriting Manager at SBI General Insurance in India typically ranges from ₹71,266 to ₹73,102 per month. This is based on the average salary range of ₹5.8 Lakhs to ₹13.5 Lakhs per year for employees with experience ranging from 1 year to 13 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 SBI General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Underwriting Manager at SBI General Insurance ?
To be a Underwriting Manager at SBI General Insurance in india, the key skills required include:

  • - Medical Underwriting
  • - Risk Assessment
  • - Stakeholder Management
  • - Risk Analysis
  • - Financial Analysis

These skills are highly valued at SBI General Insurance and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than SBI General Insurance 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
Gallagher ₹12.0 Lakhs to ₹13.0 Lakhs per year
Tata AIA Life Insurance ₹7.8 Lakhs to ₹18.0 Lakhs per year
Aditya Birla Sun Life Insurance ₹10.1 Lakhs to ₹13.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI General Insurance, depending on the role and experience level.
What is the salary of a Underwriting Manager in companies similar to SBI General Insurance in India?
The salary of a Underwriting Manager at companies similar to SBI General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ManipalCigna Health Insurance ₹7.8 Lakhs to ₹14.6 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
Axis Max Life Insurance ₹8.5 Lakhs to ₹10.0 Lakhs per year
ICICI Prudential Life Insurance ₹6.0 Lakhs to ₹10.5 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 SBI General Insurance in India?
The salary growth for a Underwriting Manager at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Underwriting Manager can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
1 year ₹8.0 Lakhs to ₹16.0 Lakhs per year
2 years ₹3.6 Lakhs to ₹10.4 Lakhs per year
3 years ₹3.7 Lakhs to ₹10.4 Lakhs per year
4 years ₹8.4 Lakhs to ₹10.8 Lakhs per year
and so on.

Tell us how to improve this page.

SBI General Insurance Underwriting Manager salary in India ranges between ₹5.8 Lakhs to ₹13.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 28 SBI General Insurance latest salaries received from various employees of SBI General Insurance.