SBI Life Insurance Company Senior Underwriter Salaries by 4 Employees (Updated 2025)

5 - 7 years exp.

₹3 Lakhs - ₹6.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

43% less than the average Senior Underwriter Salary in Insurance Companies for 5 - 7 years of experience

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Salaries in different departments

Finance & Accounting Senior Underwriter Salary 5 - 7 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
BFSI, Investments & Trading Senior Underwriter Salary 5 years exp. (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.4 L/yr
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Customer Success, Service & Operations Senior Underwriter Salary 6 years exp. (AmbitionBox Estimate)	₹5.9 L/yr - ₹7.2 L/yr

Last Updated: 4 Apr 2025

Companies similar to SBI Life Insurance Company for Senior Underwriter

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Senior Underwriter Salary 0 - 2 years exp. (5 salaries)	₹3 L/yr - ₹4.7 L/yr 6% less
MetLife Senior Underwriter Salary 8 - 13 years exp. (4 salaries)	₹6 L/yr - ₹7 L/yr 47% more
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Axis Max Life Insurance Senior Underwriter Salary 3 - 5 years exp. (4 salaries)	₹2.9 L/yr - ₹5.5 L/yr 12% less
Gallagher Senior Underwriter Salary 4 - 7 years exp. (4 salaries)	₹4.4 L/yr - ₹8.3 L/yr 53% more
HDFC Life Senior Underwriter Salary 3 - 6 years exp. (4 salaries)	₹3.4 L/yr - ₹4.1 L/yr 18% less
Star Health & Allied Insurance Senior Underwriter Salary 1 - 9 years exp. (3 salaries)	₹2.8 L/yr - ₹3.6 L/yr 28% less

Senior Underwriter salary at SBI Life Insurance Company ranges between ₹3 Lakhs to ₹6.5 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 4 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Senior Underwriter salaries

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹4.4 L/yr - ₹5.6 L/yr
6 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
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7 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr

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Salary related reviews for SBI Life Insurance Company

Senior Associate in New Delhi

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 30 May 2022

3.0

for Salary and Benefits

Likes

Average work environment and culture . Teammates are supportive and the management is selfish. Company policies are bad . Appraisals not fair in this company.

Job security - Good

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is very slow

Work satisfaction - Poor

+2 more

Senior Associate in Jaipur

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 29 Apr 2018

3.0

for Salary and Benefits

Likes

Company is

Job security - Good

+1 more

Dislikes

Company is good but as per process of career growth, it is very slow. Company's salary structure is also not good. My salary is less than a person who is coming on my position which I had before 2 years

Senior Associate in Sultanpur

BFSI, Investments & Trading Department

5.0

• posted on 29 Oct 2020

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give salary hike and bonus every year.

Salary - Excellent

+6 more

Business Development Manager in Deoghar

Full Time

Marketing & Communication Department

5.0

• posted on 30 Jan 2025

2.0

for Salary and Benefits

Likes

Very good policy, good Behaviour from all senior Management.

Skill development - Good

+3 more

Dislikes

I am working from last 8 year but my salary is very low. If someone working is in other companies and they switched from there to here they are getting good CTC. If you are working in good location and if your assign branch and branch manager is good so you can get promotion but if you not working in good location or your assign branch is not good it's very deficit to get promotion.

Salary - Poor

Sales Support Associate in Kishanganj

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 17 Jan 2024

1.0

for Salary and Benefits

Likes

Even though the salary in this company is very less as per the work, the salary is paid on time.

Dislikes

In today's times, it is important to work to support my family properly, hence I give my 100% to this company so that someday my salary will increase but after working for more than 1 year, I am realizing that It is very difficult to move forward, here we have to work till late night due to which we are not able to give time to our family, and even after doing so much work, we get very low salary so that I cannot support my family properly. I don't know how to do it, even after working for more than 14 hours every day, I don't get any bonus also.

Salary - Bad

+4 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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SBI Life Insurance Company Senior Underwriter Salary FAQs

What is the salary of Senior Underwriter at SBI Life Insurance Company ?

The average salary of a Senior Underwriter at SBI Life Insurance Company in India typically ranges from ₹3.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Senior Underwriter at SBI Life Insurance Company earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Senior Underwriter Salaries at SBI Life 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 4 SBI Life Insurance Company employees in India.

What is the estimated take home salary of a Senior Underwriter at SBI Life Insurance Company in India?

The estimated take-home salary of a Senior Underwriter at SBI Life Insurance Company in India typically ranges from ₹32,267 to ₹33,547 per month. This is based on the average salary range of ₹3.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 5 years to 7 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 SBI Life Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than SBI Life Insurance Company for Senior Underwriter in India?

Gallagher	₹4.4 Lakhs to ₹8.3 Lakhs per year
MetLife	₹6.0 Lakhs to ₹7.0 Lakhs per year

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

What is the salary of a Senior Underwriter in companies similar to SBI Life Insurance Company in India?

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

ICICI Prudential Life Insurance	₹3.0 Lakhs to ₹4.7 Lakhs per year
Axis Max Life Insurance	₹2.9 Lakhs to ₹5.5 Lakhs per year
HDFC Life	₹3.4 Lakhs to ₹4.1 Lakhs per year
Star Health & Allied Insurance	₹2.8 Lakhs to ₹3.6 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 Senior Underwriter at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
5 years	₹4.4 Lakhs to ₹5.6 Lakhs per year
6 years	₹3.9 Lakhs to ₹5.0 Lakhs per year
7 years	₹3.4 Lakhs to ₹4.4 Lakhs per year

and so on.

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SBI Life Insurance Company Senior Underwriter Salaries

SBI Life Insurance Company Senior Underwriter salary in India ranges between ₹3 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.