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Tata AIG Underwriter salaries in Mumbai (Updated 2025)

Annual salary range
0 - 5 years exp.
₹5.5 Lakhs - ₹17.4 Lakhs
Salary of majority employees
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66% more than the average Underwriter Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading
Underwriter Salary
0 - 5 years exp. (15 salaries)
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₹5.5 L/yr - ₹15.1 L/yr

Risk Management & Compliance
Underwriter Salary
5 years exp. (AmbitionBox Estimate)
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₹9.7 L/yr - ₹12.3 L/yr

Last Updated: 13 Mar 2025

Companies similar to Tata AIG for Underwriter in Mumbai

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Tata AIG Underwriter Salary

0 - 5 years exp. (19 salaries)

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₹5.5 L/yr - ₹17.4 L/yr

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Company name Avg Annual Salary Open Jobs
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₹5 L/yr - ₹10 L/yr

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₹2.6 L/yr - ₹5 L/yr

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₹2.5 L/yr - ₹8.6 L/yr

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1 job opening
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₹2.2 L/yr - ₹4 L/yr

arrow icon 72% less
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₹3.2 L/yr - ₹4.8 L/yr

arrow icon 56% less
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₹3 L/yr - ₹8 L/yr

arrow icon 40% less
Underwriter salary at Tata AIG ranges between ₹5.5 Lakhs to ₹17.4 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 19 latest salaries received from various employees of Tata AIG.

Latest annual salaries shared by Tata AIG Underwriter in Mumbai

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Experience wise Tata AIG Underwriter salaries in Mumbai

Last Updated: 13 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹8.6 L/yr - ₹11 L/yr
1 year (AmbitionBox Estimate)

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₹8.7 L/yr - ₹11.1 L/yr
2 years  (4 salaries)

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₹5.5 L/yr - ₹12 L/yr
3 years  (3 salaries)

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₹6.7 L/yr - ₹17.8 L/yr
4 years  (7 salaries)

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₹6 L/yr - ₹15.1 L/yr
View all

Similar Designation salaries in Tata AIG

Chief Manager Salary
(158 salaries)
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₹9.55 L/yr - ₹28 L/yr
Analyst Salary
(4 salaries)
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₹5 L/yr - ₹11 L/yr
Team Lead Salary
(3 salaries)
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₹1.5 L/yr - ₹5.8 L/yr

Top skills at Tata AIG for Underwriter

Sales Underwriting CA B2B Sales Credit Analysis Strategic Planning Communication Skills Medical Underwriting Underwriting Corporate Sales Credit Underwriting New Product Development Credit Risk Accounting Key Accounts

Salary related reviews for Tata AIG

2.7

Rated by 3 employees for salary & benefits

Full Time

 · 

Risk Management & Compliance Department

4.0
  •  posted on 01 Oct 2023

3.0
 for  Salary and Benefits

Likes

Culture of the organisation is very good Infrastructure and Facilities provided by the management is top notch in the industry Benefit of working in a hybrid model for need based roles

read more
  • Skill development - Good
  • +3 more

Dislikes

Salary is not upto the market rate for profile if you start as a Management Trainee Appraisal is not as per the expectation even after getting the best rating

read more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 29 Aug 2023

3.0
 for  Salary and Benefits

Likes

Lots of learning and training and developement. If work-life balance is maintained, such learning can be taken advantage of. Always something new to learn, you’ll gain a lot of knowledge.

read more
  • Skill development - Good
  • +1 more

Dislikes

...e. Bosses call you after and before work hours as well and on off-days as well. No overtime pay even when you work overtime every other day. Appraisal was done in a very biased way. KPIs were not designed properly and scores were very skewed.

read more
  • Promotions - Bad
  • +3 more

Full Time

 · 

Healthcare & Life Sciences Department

3.0
  •  posted on 04 May 2022

1.0
 for  Salary and Benefits

Likes

Job Security , Brand Value in the market.

  • Job security - Excellent

Dislikes

..., moreover the work piles up as your designation (For the namesake) increases. 1) The company gives less than average hike for deserving candidates and pays higher salary for lateral Joinees. 2) Only old established people who are mid aged/old aged with more than 15 years in same firm are working at same position and their leadership style is such that they think they are the part owner of the TATA GROUP. 3) Lots of internal politics and only bootlickers Or supervisor's favourite people are promoted, that too with growth of 3-5% on promotion. 4) Company mostly runs on the good will of the TATA GROUP with majority of policyholder having faith in the name of TATA. 5) Extremely slow growth with terrible workload in claims team. 6) Sick aged people working in the same department/role for last 15+ years dictates how things will work as per their wish and command. 7) Please join if salary offered is more than your expectation, otherwise you will trapped in vicious cycle of Politics/ peanut hikes / depressing workload.

read more
  • Salary - Bad
  • +3 more

Customer Success, Service & Operations Department

4.0
  •  posted on 13 Apr 2022

2.0
 for  Salary and Benefits

Likes

Tata aig is a very good worksplace where a person can prove his skills and grow further

  • Skill development - Excellent
  • +2 more

Dislikes

salary doesn't get hike even after 2year of working. managers need to balance balance their concentration on work and employees salaried

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  • Salary - Poor
  • +1 more

Sales & Service Department

4.0
  •  posted on 09 May 2021

3.0
 for  Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent.Company policies are good but little bit of changes are required, appraisals are fair and they give almost good salary hike and bonus every year.

read more
  • Skill development - Good
  • +1 more

Dislikes

Career growth is slow

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Tata AIG Underwriter Salary FAQs

What is the salary of Underwriter at Tata AIG in Mumbai?
The average salary of a Underwriter at Tata AIG in Mumbai typically ranges from ₹5.5 Lakhs to ₹17.4 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Underwriter in Mumbai at Tata AIG earn more than ₹17.4 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. Underwriter Salaries at Tata AIG 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 10+ Tata AIG employees in India.
What is the estimated take home salary of a Underwriter at Tata AIG in Mumbai?
The estimated take-home salary of a Underwriter at Tata AIG in Mumbai typically ranges from ₹71,165 to ₹72,998 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹17.4 Lakhs per year for employees with experience ranging from Fresher to 5 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 10+ salaries received from various employees of Tata AIG. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Underwriter at Tata AIG in Mumbai?
To be a Underwriter at Tata AIG in Mumbai, the key skills required include:

  • - Sales
  • - Underwriting
  • - CA
  • - B2B Sales
  • - Credit Analysis

These skills are highly valued at Tata AIG and are crucial for successful performance in a Software Engineering role.
What is the salary of a Underwriter in companies similar to Tata AIG in Mumbai?
The salary of a Underwriter at companies similar to Tata AIG in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Lombard General Insurance Company ₹5.0 Lakhs to ₹10.0 Lakhs per year
Reliance General Insurance ₹3.0 Lakhs to ₹8.0 Lakhs per year
Iffco Tokio General Insurance Co. ₹2.5 Lakhs to ₹8.6 Lakhs per year
Bajaj Allianz Life Insurance ₹3.2 Lakhs to ₹4.8 Lakhs per year
ICICI Prudential Life Insurance ₹2.6 Lakhs to ₹5.0 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 Underwriter at Tata AIG in Mumbai?
The salary growth for a Underwriter at Tata AIG in Mumbai depends on factors such as experience, performance, and promotions. On average, a Underwriter in Mumbai can expect the following growth trajectory at Tata AIG:

Experience Average Salary Range
Fresher ₹8.6 Lakhs to ₹11.0 Lakhs per year
1 year ₹8.7 Lakhs to ₹11.1 Lakhs per year
2 years ₹5.5 Lakhs to ₹12.0 Lakhs per year
3 years ₹6.7 Lakhs to ₹17.8 Lakhs per year
and so on.

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Tata AIG Underwriter salary in Mumbai ranges between ₹5.5 Lakhs to ₹17.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 19 Tata AIG latest salaries received from various employees of Tata AIG.