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SBI Life Insurance Company Underwriter salaries in India (Updated 2025)

Annual salary range
1 - 12 years exp.
₹2.5 Lakhs - ₹7.3 Lakhs
Salary of majority employees
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Fixed (79%)
₹3.6 Lakhs
Variable (21%)
₹1.0 Lakh
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14% less than the average Underwriter Salary in Insurance Companies for 1 - 12 years of experience

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Salaries in different departments

Customer Success, Service & Operations
Underwriter Salary
1 - 10 years exp. (11 salaries)
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₹3 L/yr - ₹6.7 L/yr

BFSI, Investments & Trading
Underwriter Salary
3 - 7 years exp. (3 salaries)
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₹2.5 L/yr - ₹5.2 L/yr

Finance & Accounting
Underwriter Salary
5 - 6 years exp. (3 salaries)
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₹3.5 L/yr - ₹6.2 L/yr

Last Updated: 12 Feb 2025

Companies similar to SBI Life Insurance Company for Underwriter

Company name Avg Annual Salary Open Jobs
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₹2.1 L/yr - ₹6 L/yr

arrow icon 8% less
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HDFC Life Underwriter Salary

0 - 5 years exp. (17 salaries)

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₹1.8 L/yr - ₹4.7 L/yr

arrow icon 19% less
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Axis Max Life Insurance Underwriter Salary

1 - 5 years exp. (11 salaries)

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₹2.1 L/yr - ₹3.1 L/yr

arrow icon 47% less
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Bajaj Allianz Life Insurance Underwriter Salary

1 - 11 years exp. (10 salaries)

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₹2.4 L/yr - ₹8 L/yr

arrow icon 11% less
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₹5.1 L/yr - ₹9.1 L/yr

arrow icon 54% more
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Tata AIA Life Insurance Underwriter Salary

0 - 15 years exp. (3 salaries)

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₹6 L/yr - ₹10.5 L/yr

arrow icon 92% more
2 job openings
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₹1.7 L/yr - ₹3.5 L/yr

arrow icon 34% less
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PNB MetLife Underwriter Salary

2 - 8 years exp. (4 salaries)

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₹2 L/yr - ₹7 L/yr

arrow icon 13% more
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₹3 L/yr - ₹20 L/yr

arrow icon 139% more
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₹1.4 L/yr - ₹4.1 L/yr

arrow icon 42% less
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₹5 L/yr - ₹10 L/yr

arrow icon 59% more
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₹3 L/yr - ₹7.2 L/yr

arrow icon 50% more
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₹1 L/yr - ₹5.7 L/yr

arrow icon 21% less
2 job openings
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Gallagher Underwriter Salary

3 - 13 years exp. (10 salaries)

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₹9 L/yr - ₹21 L/yr

arrow icon 174% more
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SBI General Insurance Underwriter Salary

0 - 14 years exp. (9 salaries)

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₹5 L/yr - ₹14 L/yr

arrow icon 133% more
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₹1 L/yr - ₹5.1 L/yr

arrow icon 9% more
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Shriram Life Insurance Underwriter Salary

1 - 5 years exp. (5 salaries)

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₹1.6 L/yr - ₹3.9 L/yr

arrow icon 47% less
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₹2 L/yr - ₹3.3 L/yr

arrow icon 31% less
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₹1.2 L/yr - ₹3.8 L/yr

arrow icon 58% less
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AIG Underwriter Salary

0 - 6 years exp. (4 salaries)

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₹5 L/yr - ₹8 L/yr

arrow icon 30% more
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Underwriter salary at SBI Life Insurance Company ranges between ₹2.5 Lakhs to ₹7.3 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 25 latest salaries received from various employees of SBI Life Insurance Company.

Latest annual salaries shared by SBI Life Insurance Company Underwriter

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Experience wise SBI Life Insurance Company Underwriter salaries

Last Updated: 12 Feb 2025

Experience Avg Annual Salary
1 year  (3 salaries)

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₹3.5 L/yr - ₹4 L/yr
2 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹4 L/yr
3 years  (5 salaries)

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₹2.5 L/yr - ₹4.2 L/yr
4 years (AmbitionBox Estimate)

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₹3 L/yr - ₹7.5 L/yr
5 years (AmbitionBox Estimate)

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₹1.7 L/yr - ₹6.2 L/yr
View all

Similar Designation salaries in SBI Life Insurance Company

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₹3 L/yr - ₹8.5 L/yr
Analyst Salary
(4 salaries)
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₹4.2 L/yr - ₹7.95 L/yr
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₹8 L/yr - ₹11 L/yr
Team Lead Salary
(15 salaries)
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₹2.3 L/yr - ₹6 L/yr
Chief Manager Salary
(4 salaries)
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₹17 L/yr - ₹40 L/yr
Credit Manager Salary
(AmbitionBox Estimate)
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₹15.8 L/yr - ₹20.2 L/yr
Senior Associate Salary
(537 salaries)
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₹2 L/yr - ₹7 L/yr
Senior Analyst Salary
(AmbitionBox Estimate)
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₹9 L/yr - ₹11.5 L/yr
Deputy Manager Salary
(38 salaries)
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₹2.5 L/yr - ₹10 L/yr
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₹5.1 L/yr - ₹10.5 L/yr

Salary related reviews for SBI Life Insurance Company

3.1

Rated by 4 employees for salary & benefits

Full Time

 · 

Sales & Business Development Department

3.0
  •  posted on 02 Nov 2023

4.0
 for  Salary and Benefits

Likes

Salary and benefits are supportive.

  • Salary - Good
  • +1 more

Dislikes

No work life balance. The sales team pushes things like hell specially in the eastern region of the country. Third Saturday is a leave according to the company's leave policies but we don't get that leave.

read more
  • Skill development - Poor
  • +4 more

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.

read more
  • 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

read more
  • Work satisfaction - Poor
  • +2 more

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

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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.

read more
  • Salary - Excellent
  • +6 more

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.

read more
  • Salary - Poor
see more salary related reviews

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SBI Life Insurance Company Underwriter Salary FAQs

What is the salary of Underwriter at SBI Life Insurance Company?
Underwriter salary at SBI Life Insurance Company in India ranges between ₹2.5 Lakhs to ₹7.3 Lakhs for experience between 1 years to 12 years. According to our estimates it is 14% less than the average Underwriter Salary in India. Salary estimates are based on 25 latest salaries received from various employees of SBI Life Insurance Company India.
How does the salary of a Underwriter at SBI Life Insurance Company India compare with the average salary range for this job?
The average salary of a Underwriter at SBI Life Insurance Company is 14% less than the average salary of a Underwriter in India. To know exact salary insights, login to view.
Which similar companies are paying more than SBI Life Insurance Company to a Underwriter in India?
  • Gallagher Underwriter Salary - ₹9.0 Lakhs to ₹21.0 Lakhs per year
  • Life Insurance Corporation of India Underwriter Salary - ₹3.0 Lakhs to ₹20.0 Lakhs per year
  • SBI General Insurance Underwriter Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
  • Tata AIA Life Insurance Underwriter Salary - ₹6.0 Lakhs to ₹10.5 Lakhs per year
  • ICICI Lombard General Insurance Company Underwriter Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
What is the salary of a Underwriter in companies similar to SBI Life Insurance Company in India?
  • Kotak Mahindara Life Insurance Underwriter Salary - ₹5.1 Lakhs to ₹9.1 Lakhs per year
  • HDFC Ergo General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹7.2 Lakhs per year
  • AIG Underwriter Salary - ₹5.0 Lakhs to ₹8.0 Lakhs per year
  • PNB MetLife Underwriter Salary - ₹2.0 Lakhs to ₹7.0 Lakhs per year
  • The New India Assurance Co. Underwriter Salary - ₹1.0 Lakhs to ₹5.1 Lakhs per year
What is the estimated take home salary of a Underwriter at SBI Life Insurance Company in India?
The estimated take-home salary of a Underwriter at SBI Life Insurance Company ranges between ₹34,406 per month to ₹35,654 per month in India. The take-home salary calculation is based on the average SBI Life Insurance Company Underwriter salary in India which ranges between ₹2.5 Lakhs to ₹7.3 Lakhs per year for employees with experience between 1 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Underwriter at SBI Life Insurance Company?
According to AmbitionBox, 57% of the SBI Life Insurance Company Underwriters reported a notice period of 3 Months, 29% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 21 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

SBI Life Insurance Company Underwriter salary in India ranges between ₹2.5 Lakhs to ₹7.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 25 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.