SPA Insurance Broking Services Mumbai Underwriting Manager Salaries by 2 Employees (Updated 2025)

14 - 16 years exp.

₹6.8 Lakhs - ₹8.6 Lakhs

Low Confidence

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Last Updated: 28 Sep 2024

Companies similar to SPA Insurance Broking Services for Underwriting Manager in Mumbai

SPA Insurance Broking Services Underwriting Manager Salary

14 - 16 years exp. (AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Prudential Life Insurance Underwriting Manager Salary 0 - 16 years exp. (8 salaries)	₹6 L/yr - ₹10.5 L/yr 3% more
ICICI Lombard General Insurance Company Underwriting Manager Salary 1 - 17 years exp. (5 salaries)	₹5.8 L/yr - ₹14.5 L/yr 18% more
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HDFC Ergo General Insurance Underwriting Manager Salary 5 - 12 years exp. (8 salaries)	₹10.5 L/yr - ₹18.4 L/yr 53% more
Reliance General Insurance Underwriting Manager Salary 0 - 5 years exp. (8 salaries)	₹4.5 L/yr - ₹10 L/yr 3% less
Kotak Mahindra General Insurance Underwriting Manager Salary 4 - 14 years exp. (7 salaries)	₹2.8 L/yr - ₹9.2 L/yr 12% less

Underwriting Manager salary at SPA Insurance Broking Services ranges between ₹6.8 Lakhs to ₹8.6 Lakhs per year for employees with experience between 14 years to 16 years. Salary estimates are based on 2 latest salaries received from various employees of SPA Insurance Broking Services.

Similar Designation salaries in SPA Insurance Broking Services

Underwriting Executive Salary

(3 salaries)

₹3.2 L/yr - ₹4.2 L/yr

Salary related reviews for SPA Insurance Broking Services

Vice President in Kolkata

BFSI, Investments & Trading Department

3.0

• posted on 04 Mar 2022

3.0

for Salary and Benefits

Likes

I was fortunate to have had a good boss who was never nagging. I was allowed in a way to work at my own pace (No, I wasn't lazy) and pressure of target completion was surmountable. The company's policies were somewhat employee friendly and the work culture was alright.

Dislikes

The big bosses in Delhi were with high noses. Every time on a virtual meeting, they keep beating about the bush. Stalling the recruitment of marketing executives, meeting targets were near impossible. No career development prospect in the company and achievements were not lauded.

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Salary Discussions, Hike & Promotions

a senior consultant

Retention offer

Hello, Current offer from CG - Total 21.5L, fixed as 19.4 and rest bonus Retention offer from Deloitte - Total 19.1, fixed as 15.5 and rest bonus (4L) I understand the offer is less but my manager explained that Deloitte's hikes are better in the market and on an average, I can get 15% every year with good performance. The same hikes in CG are around 5-6% so financially, my salary growth will definitely be more in Deloitte. Please give me suggestions. I have good management and projects in Deloitte with WLB but I would like to have some perspective on offered CTC too

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SPA Insurance Broking Services Underwriting Manager Salary FAQs

What is the notice period for Underwriting Manager at SPA Insurance Broking Services in Mumbai?

According to AmbitionBox, 100% of the SPA Insurance Broking Services Underwriting Managers in Mumbai reported a notice period of 1 Month.This is based on 2 responses on AmbitionBox in last 2 years.

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SPA Insurance Broking Services Underwriting Manager Salaries in Mumbai

SPA Insurance Broking Services Underwriting Manager salary in Mumbai ranges between ₹6.8 Lakhs to ₹8.6 Lakhs. This is an estimate based on latest salaries received from employees of SPA Insurance Broking Services.