The New India Assurance Co. Underwriter Salaries by 8 Employees (Updated 2025)

0 - 6 years exp.

₹1 Lakh - ₹5.1 Lakhs

Low Confidence

Salary of majority employees

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7% less than the average Underwriter Salary in Insurance Companies for 0 - 6 years of experience

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Last Updated: 22 Jan 2025

Companies similar to The New India Assurance Co. for Underwriter

Company name	Avg Annual Salary	Open Jobs
United India Insurance Company Underwriter Salary 1 - 4 years exp. (5 salaries)	Unlock ₹2 L/yr - ₹3.3 L/yr 37% less
National Insurance Company Underwriter Salary 1 - 4 years exp. (8 salaries)	Unlock ₹1.5 L/yr - ₹3 L/yr 55% less
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The Oriental Insurance Co. Underwriter Salary 1 - 7 years exp. (4 salaries)	Unlock ₹1.2 L/yr - ₹3.8 L/yr 61% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (43 salaries)	Unlock ₹5 L/yr - ₹10 L/yr 47% more
HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (13 salaries)	Unlock ₹3 L/yr - ₹7.2 L/yr 38% more
Bajaj Allianz General Insurance Underwriter Salary 2 - 10 years exp. (11 salaries)	Unlock ₹1 L/yr - ₹5.7 L/yr 27% less	3 job openings
Reliance General Insurance Underwriter Salary 0 - 3 years exp. (12 salaries)	Unlock ₹3 L/yr - ₹8 L/yr 22% more
Tata AIG Underwriter Salary 0 - 5 years exp. (39 salaries)	Unlock ₹5.2 L/yr - ₹17.1 L/yr 98% more
SBI General Insurance Underwriter Salary 0 - 14 years exp. (9 salaries)	Unlock ₹5 L/yr - ₹14 L/yr 116% more
Star Health & Allied Insurance Underwriter Salary 0 - 8 years exp. (64 salaries)	Unlock ₹1.4 L/yr - ₹4.1 L/yr 46% less
ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (25 salaries)	Unlock ₹2.1 L/yr - ₹6 L/yr 15% less
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SBI Life Insurance Company Underwriter Salary 1 - 12 years exp. (24 salaries)	Unlock ₹2.5 L/yr - ₹7.3 L/yr 8% less
HDFC Life Underwriter Salary 0 - 5 years exp. (17 salaries)	Unlock ₹1.8 L/yr - ₹4.7 L/yr 25% less
Axis Max Life Insurance Underwriter Salary 1 - 5 years exp. (11 salaries)	Unlock ₹2.1 L/yr - ₹3.1 L/yr 51% less
Gallagher Underwriter Salary 3 - 13 years exp. (10 salaries)	Unlock ₹9 L/yr - ₹21 L/yr 153% more
Cholamandalam MS General Insurance Underwriter Salary 0 - 9 years exp. (10 salaries)	Unlock ₹2 L/yr - ₹9.9 L/yr 9% more
Bajaj Allianz Life Insurance Underwriter Salary 1 - 11 years exp. (10 salaries)	Unlock ₹2.4 L/yr - ₹8 L/yr 18% less
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	Unlock ₹1.7 L/yr - ₹3.5 L/yr 39% less
Kotak Mahindara Life Insurance Underwriter Salary 0 - 3 years exp. (6 salaries)	Unlock ₹5.1 L/yr - ₹9.1 L/yr 42% more
Shriram Life Insurance Underwriter Salary 1 - 5 years exp. (5 salaries)	Unlock ₹1.6 L/yr - ₹3.9 L/yr 51% less

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Underwriter salary at The New India Assurance Co. ranges between ₹1 Lakh to ₹5.1 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 8 latest salaries received from various employees of The New India Assurance Co..

Experience wise The New India Assurance Co. Underwriter salaries

Last Updated: 22 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹1 L/yr - ₹8.8 L/yr
1 year (AmbitionBox Estimate)	Unlock ₹4.4 L/yr - ₹5.6 L/yr
Login to view exact salary
2 years (AmbitionBox Estimate)	Unlock ₹2.4 L/yr - ₹8.9 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹4.5 L/yr - ₹5.7 L/yr
4 years (AmbitionBox Estimate)	Unlock ₹1.8 L/yr - ₹9 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹2 L/yr - ₹9.1 L/yr
6 years (AmbitionBox Estimate)	Unlock ₹2.5 L/yr - ₹9.2 L/yr

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Similar Designation salaries in The New India Assurance Co.

Analyst Salary

(AmbitionBox Estimate)

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₹1.1 L/yr - ₹1.4 L/yr

Team Lead Salary

(AmbitionBox Estimate)

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₹3.2 L/yr - ₹4 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

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₹25.1 L/yr - ₹32.1 L/yr

Underwriting Analyst Salary

(AmbitionBox Estimate)

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₹3.8 L/yr - ₹4.8 L/yr

Senior Associate Salary

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₹5.2 L/yr - ₹12 L/yr

Senior Analyst Salary

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₹10.8 L/yr - ₹13.8 L/yr

Deputy Manager Salary

(9 salaries)

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₹17 L/yr - ₹26 L/yr

Associate Vice President Salary

(AmbitionBox Estimate)

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₹12.6 L/yr - ₹16.1 L/yr

Salary related reviews for The New India Assurance Co.

2.4

Rated by 4 employees for salary & benefits

Administration Officer in Bhubaneswar

Full Time

Other Department

4.0

• posted on 12 May 2024

4.0

for Salary and Benefits

Likes

... claims hub department is very good.Employees help the newly recruited officers.Salary is decent.Various incentives by the company.

Salary - Good

+6 more

Dislikes

The salary is decent but not that high.wage revision is pending.

Assistant Manager Operations in Calcutta

Other Department

2.0

• posted on 26 Mar 2021

3.0

for Salary and Benefits

Likes

it gives you the freedom to learn and experience with topmost company in the industry.Job is secured but rewards do not follow the contributions made.HR policy is very outdated and management is typical PSU,

Job security - Excellent

+1 more

Dislikes

Career growth is slow ,salary is a constraint for quality and best brains are not available, lack of dynamism but work life balance is not very demanding.Work environment is average if not outstanding.

Skill development - Poor

+1 more

Administration Officer

BFSI, Investments & Trading Department

5.0

• posted on 17 Sep 2017

5.0

for Salary and Benefits

Likes

...ny.There is ample scope for quick promotions now and one can rise to high cadre. The salary of the New Indian's is very high compared to the salary given by banks to similar cadre.There are also lot of facilities like housing loan,vehicle loan,leave encashment once in 2 years,Leave travel facility,holiday home facility,maternity and paternity leave,

Salary - Excellent

+6 more

Dislikes

Employee's have cent percent job security.There is also good team work among them.Normally work pressure is felt on the employees especially those who are good workers.But these are ignored by the management when any small complaints lodged against them by the public which actually would have been the crooked conspiracy of vested interest persons resulting in stalling the promotion prospects of hard working employees.Since Regional In charges are the recommending authority for grant of promotion by head office and these people will not be familiar to us due to their coming from other states and may not be knowing the working efficiency of the particular person,simply discard him just because of the falls complaints. There are now lot of forums like RTI act,consumer forums,civil courts for redressing the grievances of the public with respect to claims,policy issuing etc.

Manager in Mohali

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Jun 2023

5.0

for Salary and Benefits

Likes

Excellent work culture. Highly knowledgeable staff and Supportive Management. All pahments made within time limit and Cwiss System is Excellent. In my opinion, The New India is my 2nd mother. I LOVE NEW INDIA FROM CORE OF MY HEART. NEW INIDA ASSURANCE IS GREAT COMPANY AND I SALUTE TO ALL AND FEEL PROUD EMPLOYEE OF THIS GREAT AND LEADER COMPANY

Salary - Excellent

+6 more

Dislikes

Nothing except offices should be renovated as per New Modern Techniques so that Ambience look like Leader Company.

Administration Officer in Mumbai

Full Time

Finance & Accounting Department

2.0

• posted on 21 Jul 2023

2.0

for Salary and Benefits

Likes

Work pressure is relatively less.

Job security - Excellent

+1 more

Dislikes

The list can go on forever. Only people who have links inside with senior management can make their way up. HR department is pathetic and least concerned about employees.

Salary - Poor

+2 more

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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The New India Assurance Co. Underwriter Salary FAQs

What is the salary of Underwriter at The New India Assurance Co.?

Underwriter salary at The New India Assurance Co. in India ranges between ₹1.0 Lakhs to ₹5.1 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 7% less than the average Underwriter Salary in India. Salary estimates are based on 8 latest salaries received from various employees of The New India Assurance Co. India.

How does the salary of a Underwriter at The New India Assurance Co. India compare with the average salary range for this job?

The average salary of a Underwriter at The New India Assurance Co. is 7% less than the average salary of a Underwriter in India. To know exact salary insights, login to view.

Which similar companies are paying more than The New India Assurance Co. to a Underwriter in India?

Swiss Re Underwriter Salary - ₹7.4 Lakhs to ₹26.0 Lakhs per year
Gallagher Underwriter Salary - ₹9.0 Lakhs to ₹21.0 Lakhs per year
Life Insurance Corporation of India Underwriter Salary - ₹3.0 Lakhs to ₹20.0 Lakhs per year
SBI General Insurance Underwriter Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
Tata AIG Underwriter Salary - ₹5.2 Lakhs to ₹17.1 Lakhs per year

What is the salary of a Underwriter in companies similar to The New India Assurance Co. in India?

Tata AIA Life Insurance Underwriter Salary - ₹6.0 Lakhs to ₹10.5 Lakhs per year
ICICI Lombard General Insurance Company Underwriter Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance Underwriter Salary - ₹5.1 Lakhs to ₹9.1 Lakhs per year
HDFC Ergo General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹7.2 Lakhs per year
Reliance General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹8.0 Lakhs per year

What is the estimated take home salary of a Underwriter at The New India Assurance Co. in India?

The estimated take-home salary of a Underwriter at The New India Assurance Co. ranges between ₹37,444 per month to ₹38,647 per month in India. The take-home salary calculation is based on the average The New India Assurance Co. Underwriter salary in India which ranges between ₹1.0 Lakhs to ₹5.1 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Underwriter at The New India Assurance Co.?

According to AmbitionBox, 75% of the The New India Assurance Co. Underwriters reported a notice period of 15 days or less, 25% reported a notice period of 1 Month.This is based on 8 responses on AmbitionBox in last 2 years.

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The New India Assurance Co. Underwriter Salaries

The New India Assurance Co. Underwriter salary in India ranges between ₹1 Lakh to ₹5.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 The New India Assurance Co. latest salaries received from various employees of The New India Assurance Co..