SBI Life Insurance Company Underwriting Manager Salaries by 5 Employees (Updated 2025)

1 - 14 years exp.

₹8 Lakhs - ₹11 Lakhs

Low Confidence

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

9% more than the average Underwriting Manager Salary in Insurance Companies for 1 - 14 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Underwriting Manager Salary 4 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10.5 L/yr
Human Resources Underwriting Manager Salary 1 year exp. (AmbitionBox Estimate)	₹7.2 L/yr - ₹8.8 L/yr
Login to view exact salary
Healthcare & Life Sciences Underwriting Manager Salary 2 years exp. (AmbitionBox Estimate)	₹9.9 L/yr - ₹12.1 L/yr

Last Updated: 2 Mar 2025

Companies similar to SBI Life Insurance Company for Underwriting Manager

Company name	Avg Annual Salary	Open Jobs
SBI General Insurance Underwriting Manager Salary 1 - 13 years exp. (29 salaries)	₹5.8 L/yr - ₹13.5 L/yr 2% more
HDFC Ergo General Insurance Underwriting Manager Salary 1 - 13 years exp. (16 salaries)	₹5.1 L/yr - ₹18.5 L/yr 13% more
Login to view exact salary
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (14 salaries)	₹6 L/yr - ₹10.5 L/yr 14% less
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (10 salaries)	₹5.8 L/yr - ₹14.5 L/yr 7% less
Tata AIA Life Insurance Underwriting Manager Salary 12 - 18 years exp. (7 salaries)	₹7.8 L/yr - ₹18 L/yr 33% more
Gallagher Underwriting Manager Salary 7 - 10 years exp. (5 salaries)	₹12 L/yr - ₹13 L/yr 31% more
Bajaj Allianz General Insurance Underwriting Manager Salary 10 - 17 years exp. (5 salaries)	₹17 L/yr - ₹22 L/yr 103% more
Aditya Birla Health Insurance Co Underwriting Manager Salary 9 - 11 years exp. (5 salaries)	₹8.2 L/yr - ₹10.5 L/yr 1% more
HDFC Life Underwriting Manager Salary 12 - 17 years exp. (5 salaries)	₹9.7 L/yr - ₹18.5 L/yr 33% more
Kotak Mahindara Life Insurance Underwriting Manager Salary 1 - 3 years exp. (5 salaries)	₹5.1 L/yr - ₹8.4 L/yr 34% less
Aditya Birla Sun Life Insurance Underwriting Manager Salary 7 - 10 years exp. (4 salaries)	₹10.1 L/yr - ₹13.4 L/yr 16% more
Login to view exact salary
PNB MetLife Underwriting Manager Salary 2 - 16 years exp. (4 salaries)	₹3.9 L/yr - ₹11.4 L/yr 24% less
Axis Max Life Insurance Underwriting Manager Salary 5 - 14 years exp. (3 salaries)	₹8.5 L/yr - ₹10 L/yr 1% less
Star Health & Allied Insurance Underwriting Manager Salary 3 - 6 years exp. (3 salaries)	₹3 L/yr - ₹5.1 L/yr 52% less
AIG Underwriting Manager Salary 9 - 14 years exp. (3 salaries)	₹14.3 L/yr - ₹21.1 L/yr 70% more

Underwriting Manager salary at SBI Life Insurance Company ranges between ₹8 Lakhs to ₹11 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 5 latest salaries received from various employees of SBI Life Insurance Company.

Experience wise SBI Life Insurance Company Underwriting Manager salaries

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹8 L/yr - ₹17.7 L/yr
2 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹11 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹8.8 L/yr - ₹11.2 L/yr
4 years (AmbitionBox Estimate)	₹3.9 L/yr - ₹10.5 L/yr
5 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.2 L/yr
6 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
7 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
8 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
9 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
10 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr
11 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹10.9 L/yr
12 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
13 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹10.2 L/yr
14 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹16.9 L/yr

View all

Similar Designation salaries in SBI Life Insurance Company

Credit Manager Salary

(AmbitionBox Estimate)

₹15.8 L/yr - ₹20.2 L/yr

Underwriter Salary

(24 salaries)

₹2.5 L/yr - ₹7.3 L/yr

Deputy Manager Salary

(42 salaries)

₹2.2 L/yr - ₹9 L/yr

Branch Credit Manager Salary

(AmbitionBox Estimate)

₹6.3 L/yr - ₹8 L/yr

Chief Manager Salary

(4 salaries)

₹17 L/yr - ₹40 L/yr

Senior Underwriter Salary

(4 salaries)

₹3 L/yr - ₹8.5 L/yr

Senior Analyst Salary

(3 salaries)

₹10 L/yr - ₹50 L/yr

Team Lead Salary

(14 salaries)

₹2.3 L/yr - ₹6 L/yr

Senior Associate Salary

(539 salaries)

₹2.3 L/yr - ₹6.75 L/yr

Management Trainee Salary

(37 salaries)

₹3.54 L/yr - ₹10.5 L/yr

Salary related reviews for SBI Life Insurance Company

Management Trainee in Kolkata

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.

Skill development - Poor

+4 more

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

100 participants . expiring in 19h

Got a question about SBI Life Insurance Company?

Ask anonymously on communities.

SBI Life Insurance Company Underwriting Manager Salary FAQs

What is the salary of Underwriting Manager at SBI Life Insurance Company ?

The average salary of a Underwriting Manager at SBI Life Insurance Company in India typically ranges from ₹8.0 Lakhs to ₹11.0 Lakhs per year, depending on experience (from 1 year to 14 years).

The top 10% of Underwriting Manager at SBI Life Insurance Company earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Underwriting Manager 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 5 SBI Life Insurance Company employees in India.

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

The estimated take-home salary of a Underwriting Manager at SBI Life Insurance Company in India typically ranges from ₹69,677 to ₹71,467 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from 1 year to 14 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 5 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 Underwriting Manager in India?

Bajaj Allianz General Insurance	₹17.0 Lakhs to ₹22.0 Lakhs per year
AIG	₹14.3 Lakhs to ₹21.1 Lakhs per year
HDFC Life	₹9.7 Lakhs to ₹18.5 Lakhs per year
Tata AIA Life Insurance	₹7.8 Lakhs to ₹18.0 Lakhs per year
Gallagher	₹12.0 Lakhs to ₹13.0 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 Underwriting Manager in companies similar to SBI Life Insurance Company in India?

The salary of a Underwriting Manager 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:

Aditya Birla Sun Life Insurance	₹10.1 Lakhs to ₹13.4 Lakhs per year
HDFC Ergo General Insurance	₹5.1 Lakhs to ₹18.5 Lakhs per year
SBI General Insurance	₹5.8 Lakhs to ₹13.5 Lakhs per year
Aditya Birla Health Insurance Co	₹8.2 Lakhs to ₹10.5 Lakhs per year
Axis Max Life Insurance	₹8.5 Lakhs to ₹10.0 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 Life Insurance Company in India?

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

Experience	Average Salary Range
1 year	₹8.0 Lakhs to ₹17.7 Lakhs per year
2 years	₹3.9 Lakhs to ₹11.0 Lakhs per year
3 years	₹8.8 Lakhs to ₹11.2 Lakhs per year
4 years	₹3.9 Lakhs to ₹10.5 Lakhs per year

and so on.

Tell us how to improve this page.

SBI Life Insurance Company Underwriting Manager Salaries by Location

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

SBI Life Insurance Company Underwriting Manager salary in India ranges between ₹8 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 SBI Life Insurance Company latest salaries received from various employees of SBI Life Insurance Company.