Lakhs
Lakh
Monthly In-hand Salary
9% more than the average Underwriting Manager Salary in Insurance Companies for 1 - 14 years of experience
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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 |
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| |
Healthcare & Life Sciences
Underwriting Manager Salary
2
years
exp.
(AmbitionBox Estimate)
| ₹9.9 L/yr - ₹12.1 L/yr |
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 At par | |
 HDFC Ergo General Insurance Underwriting Manager Salary
1 - 13 years exp. (16 salaries) | ₹5.1 L/yr - ₹18.5 L/yr 
13%
more | |
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| ||
 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 | |
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| ||
 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 - 5 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 | |
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
|
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| |
| 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
|
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SBI Life Insurance Company Underwriting Manager Salary FAQs
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.
| 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.
| 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 |
| Aditya Birla Health Insurance Co | ₹8.2 Lakhs to ₹10.5 Lakhs per year |
| SBI General Insurance | ₹5.8 Lakhs to ₹13.5 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.
| 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 |
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SBI Life Insurance Company Underwriting Manager Salaries by Location
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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.