Star Health & Allied Insurance Mumbai Underwriter Salaries by 7 Employees (Updated 2025)

2 - 7 years exp.

₹2.2 Lakhs - ₹4 Lakhs

Avg. annual salary

Monthly In-hand Salary

49% less than the average Underwriter Salary in Insurance Companies for 2 - 7 years of experience

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Last Updated: 2 Apr 2025

Companies similar to Star Health & Allied Insurance for Underwriter in Mumbai

Star Health & Allied Insurance Underwriter Salary

2 - 7 years exp. (7 salaries)

₹2.2 L/yr - ₹4 L/yr

Company name	Avg Annual Salary	Open Jobs
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (15 salaries)	₹5 L/yr - ₹10 L/yr 150% more
ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (9 salaries)	₹2.6 L/yr - ₹5 L/yr 38% more
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HDFC Ergo General Insurance Underwriter Salary 0 - 5 years exp. (5 salaries)	₹3 L/yr - ₹7.7 L/yr 118% more
United India Insurance Company Underwriter Salary 1 - 5 years exp. (5 salaries)	₹2 L/yr - ₹3.3 L/yr 9% less
The New India Assurance Co. Underwriter Salary 2 - 7 years exp. (4 salaries)	₹2.5 L/yr - ₹5.4 L/yr 76% more
Bajaj Allianz Life Insurance Underwriter Salary 2 - 6 years exp. (3 salaries)	₹3.2 L/yr - ₹4.8 L/yr 44% more
Kotak Mahindara Life Insurance Underwriter Salary 1 - 4 years exp. (3 salaries)	₹5.1 L/yr - ₹9.1 L/yr 135% more

Underwriter salary at Star Health & Allied Insurance ranges between ₹2.2 Lakhs to ₹4 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 7 latest salaries received from various employees of Star Health & Allied Insurance.

Experience wise Star Health & Allied Insurance Underwriter salaries in Mumbai

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.3 L/yr
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.4 L/yr
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4 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
5 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.5 L/yr
6 years (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
7 years (AmbitionBox Estimate)	₹2.9 L/yr - ₹3.7 L/yr

View all

Similar Designation salaries in Star Health & Allied Insurance

Deputy Manager Salary

(13 salaries)

₹4.8 L/yr - ₹7 L/yr

Team Lead Salary

(3 salaries)

₹3.28 L/yr - ₹4.5 L/yr

Salary related reviews for Star Health & Allied Insurance

4.9

Rated by 2 employees for salary & benefits

Underwriter in Chennai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 21 Feb 2023

1.0

for Salary and Benefits

Likes

Salary credit on time

Job security - Excellent

Dislikes

They love only agents not employees. I'm doing my job cent percent getting low salary. Who getting more salary they went home very early. Everywhere politics I knew but here over politics.

Salary - Bad

+5 more

Deputy Manager in Chennai

Full Time

Healthcare & Life Sciences Department

1.0

• posted on 31 Jan 2023

1.0

for Salary and Benefits

Likes

This section is not suitable for this company.

Dislikes

...o BDS/BAMS/BHMS, they will not regard you and your credentials. HR is atrocious. Stated salary as per bond not provided. There is no work life balance. Keep on insisting to work on Sunday's in the name of roasters.

Salary - Bad

+6 more

Underwriting Manager in Katni

Finance & Accounting Department

5.0

• posted on 13 Jun 2021

5.0

for Salary and Benefits

Likes

... policy condition very good and I'm proud that I work in star health company...Every year appraisal fair and they give good salary

Salary - Excellent

+6 more

Dislikes

There is no dislike

Relationship Manager in Moradabad

Full Time

Sales & Business Development Department

2.0

• posted on 14 Jul 2024

2.0

for Salary and Benefits

Likes

They can do everything to destroy your Career. They can't pay They have their own rules and regulations

Dislikes

Here seniors migrate your business and earns commission/incentives and will eat your job if you raise a voice.

Salary - Poor

+5 more

Underwriting Executive in Siliguri

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

Only salary created on right time

Dislikes

Most third class company in India...no office hours maintained.... Once in a month one Sunday office open...... most of the day working 10am to 10pm or 10 am to 12 pm but actual office time 10 am to 6pm...

Salary - Poor

+6 more

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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

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Star Health & Allied Insurance Underwriter Salary FAQs

What is the salary of Underwriter at Star Health & Allied Insurance in Mumbai?

The average salary of a Underwriter at Star Health & Allied Insurance in Mumbai typically ranges from ₹2.2 Lakhs to ₹4.0 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Underwriter in Mumbai at Star Health & Allied Insurance earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Underwriter Salaries at Star Health & Allied Insurance 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 7 Star Health & Allied Insurance employees in India.

What is the estimated take home salary of a Underwriter at Star Health & Allied Insurance in Mumbai?

The estimated take-home salary of a Underwriter at Star Health & Allied Insurance in Mumbai typically ranges from ₹21,573 to ₹23,063 per month. This is based on the average salary range of ₹2.2 Lakhs to ₹4.0 Lakhs per year for employees with experience ranging from 2 years to 7 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 7 salaries received from various employees of Star Health & Allied Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Star Health & Allied Insurance for Underwriter in India?

ICICI Lombard General Insurance Company	₹5.0 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance	₹5.1 Lakhs to ₹9.1 Lakhs per year
HDFC Ergo General Insurance	₹3.0 Lakhs to ₹7.7 Lakhs per year
The New India Assurance Co.	₹2.5 Lakhs to ₹5.4 Lakhs per year
Bajaj Allianz Life Insurance	₹3.2 Lakhs to ₹4.8 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Star Health & Allied Insurance, depending on the role and experience level.

What is the salary of a Underwriter in companies similar to Star Health & Allied Insurance in Mumbai?

The salary of a Underwriter at companies similar to Star Health & Allied Insurance in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Prudential Life Insurance	₹2.6 Lakhs to ₹5.0 Lakhs per year
United India Insurance Company	₹2.0 Lakhs to ₹3.3 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 Underwriter at Star Health & Allied Insurance in Mumbai?

The salary growth for a Underwriter at Star Health & Allied Insurance in Mumbai depends on factors such as experience, performance, and promotions. On average, a Underwriter in Mumbai can expect the following growth trajectory at Star Health & Allied Insurance:

Experience	Average Salary Range
2 years	₹2.6 Lakhs to ₹3.3 Lakhs per year
3 years	₹2.7 Lakhs to ₹3.4 Lakhs per year
4 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
5 years	₹2.8 Lakhs to ₹3.5 Lakhs per year

and so on.

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Star Health & Allied Insurance Underwriter Salaries in Mumbai

Star Health & Allied Insurance Underwriter salary in Mumbai ranges between ₹2.2 Lakhs to ₹4 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Star Health & Allied Insurance latest salaries received from various employees of Star Health & Allied Insurance.