SBI Life Insurance Company Underwriting Associate Salaries by 2 Employees (Updated 2025)

1 - 8 years exp.

₹4.1 Lakhs - ₹5.2 Lakhs

Low Confidence

Salary of majority employees

Fixed (75%)

₹3.5 Lakhs

Variable (25%)

₹1.1 Lakh

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Underwriting Associate Salary 8 years exp. (AmbitionBox Estimate)	₹5.4 L/yr - ₹6.6 L/yr
Login to view exact salary
Customer Success, Service & Operations Underwriting Associate Salary 1 year exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr

Last Updated: 8 Mar 2025

Companies similar to SBI Life Insurance Company for Underwriting Associate

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Underwriting Associate Salary 1 - 7 years exp. (5 salaries)	₹3 L/yr - ₹3.5 L/yr 31% less
Gallagher Underwriting Associate Salary 0 - 3 years exp. (4 salaries)	₹2.7 L/yr - ₹3.5 L/yr 31% less
Login to view exact salary
Accenture Underwriting Associate Salary 1 - 6 years exp. (175 salaries)	₹1.5 L/yr - ₹7 L/yr 13% less
Genpact Underwriting Associate Salary 1 - 3 years exp. (14 salaries)	₹2.4 L/yr - ₹4.5 L/yr 21% less
Guardian India Underwriting Associate Salary 0 - 10 years exp. (11 salaries)	₹2.1 L/yr - ₹5.1 L/yr 18% less

Underwriting Associate salary at SBI Life Insurance Company ranges between ₹4.1 Lakhs to ₹5.2 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 2 latest salaries received from various employees of SBI Life Insurance Company.

Similar Designation salaries in SBI Life Insurance Company

Operations Associate Salary

(106 salaries)

₹1.5 L/yr - ₹4.5 L/yr

Senior Associate Salary

(538 salaries)

₹2.3 L/yr - ₹6.75 L/yr

Process Associate Salary

(12 salaries)

₹1.2 L/yr - ₹3.5 L/yr

Senior Process Associate Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Customer Service Associate Salary

(4 salaries)

₹1.2 L/yr - ₹2.1 L/yr

Operations Analyst Salary

(5 salaries)

₹3.5 L/yr - ₹4.5 L/yr

Operations Manager Salary

(44 salaries)

₹3.6 L/yr - ₹13 L/yr

Operations Executive Salary

(46 salaries)

₹2.1 L/yr - ₹5.5 L/yr

Quality Analyst Salary

(4 salaries)

₹3.8 L/yr - ₹4.5 L/yr

Supervisor Salary

(3 salaries)

₹3 L/yr - ₹4 L/yr

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

Operations Associate in K RPuram

BFSI, Investments & Trading Department

5.0

• posted on 27 Apr 2022

3.0

for Salary and Benefits

Likes

100Percent Job security upto retirement and company policies are very good but salary varies from management employees to locally recruited employees and remaining all facilities are equal

Skill development - Good

+4 more

Dislikes

Ego issues with higher level officials

Operations Associate in Akola

BFSI, Investments & Trading Department

3.0

• posted on 30 May 2021

2.0

for Salary and Benefits

Likes

Very less pressure compare to other companies

Skill development - Good

+1 more

Dislikes

Too much partiality. People from head office have growth opportunities. Also salary is very less as compared to work. Once I raised voice against such culture but nothing happened and I was blacklisted and targetted till now. It's HR job to look after employees grudges but they only suppress the voice

Salary - Poor

+3 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Underwriting Associate Salary FAQs

How the salary growth look like for a Underwriting Associate at SBI Life Insurance Company in India?

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

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
8 years	₹5.4 Lakhs to ₹6.9 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
SBI Life Insurance Company Salaries >
SBI Life Insurance Company Underwriting Associate Salaries

SBI Life Insurance Company Underwriting Associate salary in India ranges between ₹4.1 Lakhs to ₹5.2 Lakhs. This is an estimate based on latest salaries received from employees of SBI Life Insurance Company.