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The New India Assurance Co. Underwriter salaries in Mumbai

Annual salary range
2 - 6 years exp.
₹2.5 Lakhs - ₹6.4 Lakhs
Salary of majority employees
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At par with the average Underwriter Salary in Insurance Companies for 2 - 6 years of experience

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Last Updated: 17 Mar 2023

Companies similar to The New India Assurance Co. for Underwriter in Mumbai

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The New India Assurance Co. Underwriter Salary

2 - 6 years exp. (4 salaries)

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₹2.5 L/yr - ₹6.4 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹2 L/yr - ₹3.3 L/yr

arrow icon 54% less
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₹5 L/yr - ₹9.5 L/yr

arrow icon 28% more
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₹3 L/yr - ₹7.7 L/yr

arrow icon 9% more
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₹3 L/yr - ₹8 L/yr

arrow icon 1% less
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Tata AIG Underwriter Salary

0 - 6 years exp. (15 salaries)

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₹5.5 L/yr - ₹15.1 L/yr

arrow icon 81% more
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₹2.6 L/yr - ₹5 L/yr

arrow icon 34% less
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₹2.5 L/yr - ₹4 L/yr

arrow icon 49% less
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₹4.5 L/yr - ₹5.7 L/yr

arrow icon 10% less
Underwriter salary at The New India Assurance Co. ranges between ₹2.5 Lakhs to ₹6.4 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of The New India Assurance Co..

Latest annual salaries shared by The New India Assurance Co. Underwriter in Mumbai

1y ago
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6 years exp.
1y ago
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5 years exp.

Experience wise The New India Assurance Co. Underwriter salaries in Mumbai

Last Updated: 17 Mar 2023

Experience Avg Annual Salary
2 years (AmbitionBox Estimate)

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₹2.3 L/yr - ₹10.5 L/yr
3 years (AmbitionBox Estimate)

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₹5.4 L/yr - ₹6.9 L/yr
4 years (AmbitionBox Estimate)

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₹5.5 L/yr - ₹7 L/yr
5 years (AmbitionBox Estimate)

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₹6 L/yr - ₹11.2 L/yr
6 years (AmbitionBox Estimate)

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₹2.5 L/yr - ₹11.4 L/yr

Similar Designation salaries in The New India Assurance Co.

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₹1.8 L/yr - ₹3.6 L/yr
Claims Analyst Salary
(3 salaries)
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₹5.5 L/yr - ₹12 L/yr

Salary related reviews for The New India Assurance Co.

1.0

Rated by 1 employees for salary & benefits

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.

read more
  • Salary - Good
    +6 more

Dislikes

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

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,

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  • 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.

read more
  • Skill development - Poor
    +1 more

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,

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  • 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.

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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

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  • Salary - Excellent
    +6 more

Dislikes

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

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.

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  • Salary - Poor
    +2 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. Mumbai?
Underwriter salary at The New India Assurance Co. in Mumbai ranges between ₹2.5 Lakhs to ₹6.4 Lakhs for experience between 2 years to 6 years. According to our estimates it is 2% more than the average Underwriter Salary in India. Salary estimates are based on 4 latest salaries received from various employees of The New India Assurance Co. Mumbai.
How does the salary of a Underwriter at The New India Assurance Co. Mumbai compare with the average salary range for this job?
The average salary of a Underwriter at The New India Assurance Co. is 2% more than the average salary of a Underwriter in Mumbai. To know exact salary insights, login to view.
Which similar companies are paying more than The New India Assurance Co. to a Underwriter in Mumbai?
  • Tata AIG Underwriter Salary - ₹5.5 Lakhs to ₹15.1 Lakhs per year
  • ICICI Lombard General Insurance Company Underwriter Salary - ₹5.0 Lakhs to ₹9.5 Lakhs per year
  • HDFC Ergo General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹7.7 Lakhs per year
What is the salary of a Underwriter in companies similar to The New India Assurance Co. in Mumbai?
  • Reliance General Insurance Underwriter Salary - ₹3.0 Lakhs to ₹8.0 Lakhs per year
  • Kotak Mahindara Life Insurance Underwriter Salary - ₹4.5 Lakhs to ₹5.7 Lakhs per year
  • ICICI Prudential Life Insurance Underwriter Salary - ₹2.6 Lakhs to ₹5.0 Lakhs per year
  • Star Health & Allied Insurance Underwriter Salary - ₹2.5 Lakhs to ₹4.0 Lakhs per year
  • United India Insurance Company Underwriter Salary - ₹2.0 Lakhs to ₹3.3 Lakhs per year
What is the estimated take home salary of a Underwriter at The New India Assurance Co. in Mumbai?
The estimated take-home salary of a Underwriter at The New India Assurance Co. ranges between ₹45,471 per month to ₹46,555 per month in Mumbai. The take-home salary calculation is based on the average The New India Assurance Co. Underwriter salary in India which ranges between ₹2.5 Lakhs to ₹6.4 Lakhs per year for employees with experience between 2 years to 6 years. Check how did we calculate take home salary?

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The New India Assurance Co. Underwriter salary in Mumbai ranges between ₹2.5 Lakhs to ₹6.4 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 4 The New India Assurance Co. latest salaries received from various employees of The New India Assurance Co..