United India Insurance Company Underwriter Salaries by 5 Employees

1 - 4 years exp.

₹2 Lakhs - ₹3.3 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

41% less than the average Underwriter Salary in Insurance Companies for 1 - 4 years of experience

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Last Updated: 21 Jun 2023

Companies similar to United India Insurance Company for Underwriter

Company name	Avg Annual Salary	Open Jobs
Star Health & Allied Insurance Underwriter Salary 0 - 8 years exp. (66 salaries)	₹1.4 L/yr - ₹4.1 L/yr 15% less
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (45 salaries)	₹3.7 L/yr - ₹10 L/yr 124% more
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ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (25 salaries)	₹2.1 L/yr - ₹6 L/yr 34% more
SBI Life Insurance Company Underwriter Salary 1 - 12 years exp. (24 salaries)	₹2.5 L/yr - ₹7.3 L/yr 45% more
HDFC Life Underwriter Salary 0 - 5 years exp. (17 salaries)	₹1.8 L/yr - ₹4.7 L/yr 19% more
HDFC Ergo General Insurance Underwriter Salary 0 - 7 years exp. (11 salaries)	₹8.9 L/yr - ₹15.2 L/yr 224% more
Axis Max Life Insurance Underwriter Salary 1 - 5 years exp. (11 salaries)	₹2.1 L/yr - ₹3.1 L/yr 23% less
Bajaj Allianz General Insurance Underwriter Salary 2 - 10 years exp. (11 salaries)	₹1 L/yr - ₹5.7 L/yr 16% more	2 job openings
Gallagher Underwriter Salary 3 - 13 years exp. (10 salaries)	₹9 L/yr - ₹21 L/yr 299% more
Cholamandalam MS General Insurance Underwriter Salary 0 - 9 years exp. (10 salaries)	₹2 L/yr - ₹9.9 L/yr 72% more
Bajaj Allianz Life Insurance Underwriter Salary 1 - 11 years exp. (10 salaries)	₹2.4 L/yr - ₹8 L/yr 30% more
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SBI General Insurance Underwriter Salary 0 - 13 years exp. (9 salaries)	₹5 L/yr - ₹11.9 L/yr 177% more
The New India Assurance Co. Underwriter Salary 0 - 6 years exp. (8 salaries)	₹1 L/yr - ₹5.1 L/yr 58% more
National Insurance Company Underwriter Salary 1 - 4 years exp. (8 salaries)	₹1.5 L/yr - ₹3 L/yr 29% less
Aditya Birla Sun Life Insurance Underwriter Salary 0 - 4 years exp. (6 salaries)	₹1.7 L/yr - ₹3.5 L/yr 3% less
Kotak Mahindara Life Insurance Underwriter Salary 0 - 3 years exp. (6 salaries)	₹5.1 L/yr - ₹9.1 L/yr 124% more
Shriram Life Insurance Underwriter Salary 1 - 5 years exp. (5 salaries)	₹1.6 L/yr - ₹3.9 L/yr 23% less
Swiss Re Underwriter Salary 1 - 8 years exp. (4 salaries)	₹7.4 L/yr - ₹26 L/yr 459% more	1 job opening
Life Insurance Corporation of India Underwriter Salary 3 - 31 years exp. (4 salaries)	₹3 L/yr - ₹20 L/yr 248% more
The Oriental Insurance Co. Underwriter Salary 1 - 7 years exp. (4 salaries)	₹1.2 L/yr - ₹3.8 L/yr 38% less

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Underwriter salary at United India Insurance Company ranges between ₹2 Lakhs to ₹3.3 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 5 latest salaries received from various employees of United India Insurance Company.

Experience wise United India Insurance Company Underwriter salaries

Last Updated: 21 Jun 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2 L/yr - ₹4.5 L/yr
2 years (AmbitionBox Estimate)	₹2 L/yr - ₹4.8 L/yr
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3 years (AmbitionBox Estimate)	₹1.1 L/yr - ₹3.3 L/yr
4 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹5.5 L/yr

Similar Designation salaries in United India Insurance Company

Analyst Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Chief Manager Salary

(AmbitionBox Estimate)

₹11.9 L/yr - ₹15.2 L/yr

Senior Associate Salary

(4 salaries)

₹4 L/yr - ₹6.5 L/yr

Deputy Manager Salary

(14 salaries)

₹11 L/yr - ₹24 L/yr

Senior Process Associate Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Salary related reviews for United India Insurance Company

2.1

Rated by 3 employees for salary & benefits

Regional Manager in Hyderabad / Secunderabad

Full Time

Administration & Facilities Department

4.0

• posted on 30 Dec 2023

4.0

for Salary and Benefits

Likes

It is a secure job. Salary is good and opportunities of growth are good.

Salary - Good

+3 more

Dislikes

...blic Sector Company. You yourself have to find out the opportunities for growth. Salary structure is fixed. Only a few posts carry job-related incentives.

Regional Manager in Chennai

BFSI, Investments & Trading Department

5.0

• posted on 01 Dec 2019

5.0

for Salary and Benefits

Likes

All aspects including implementing technical knowledge, development of the organization, status, salary other perquisites,job protection,job rotation, etc. I have reached the saturatio point in my career.

Salary - Excellent

+6 more

Dislikes

Nil

Senior Branch Manager

BFSI, Investments & Trading Department

5.0

• posted on 19 Apr 2019

5.0

for Salary and Benefits

Likes

...ere. Training programs are held time to time to make the staffs better equipped. Salary also very lucrative with DA revised quarterly. LTS, Mediclaim coverage subsidised, Festival advance, Pension / PF. HB / Vehicle loans & other so many benefits are there. Promotion Policy very good with departmental technical qualification. Those who opt for marketing assignment are blessed with 4 no. of cars with maintenance expenses. Whatever more one needs !

Salary - Excellent

+6 more

Dislikes

Government reservation policy may sometimes delay one's promotion: but same can be overridden with your exceptional performance & higher technical qualification. Another hiccup is your immediate boss should be cooperative & reliable one without any prejudice to your career growth. Notwithstanding, I do not find any such hurdling undercurrent.

Assistant Manager in Ahmedabad

Other Department

5.0

• posted on 21 Sep 2018

5.0

for Salary and Benefits

Likes

I am well satisfied with Salary ..apprisal,,Work enviourment , Innovation by Higher up ..Learing though training.. No politics in our company

Salary - Excellent

+6 more

Dislikes

Person who is only cretisize , which is not like to me..

Senior Manager Sales, Marketing & Business Development in Kollam

Marketing & Communication Department

3.0

• posted on 01 Mar 2022

2.0

for Salary and Benefits

Likes

Good work culture with respect and professionalism. No inequality in the organization with regard to cast, region, or gender orientation. Management concentrated on employees' productivity and work atmosphere, and do not give undue importance/indulge in personal and private affairs. Flexible timing was offered for marketing staff considering their travel requirements.

Job security - Good

+1 more

Dislikes

Being a small consultant organization there is limited potential for hiring qualified, experienced, and more competitive professionals due to budget constraints. This makes an overload to a few employees/managing partners.

Salary - Poor

+2 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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United India Insurance Company Underwriter Salary FAQs

What is the salary of Underwriter at United India Insurance Company ?

The average salary of a Underwriter at United India Insurance Company in India typically ranges from ₹2.0 Lakhs to ₹3.3 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Underwriter at United India Insurance Company earn more than ₹3.3 Lakhs per year, and the top 1% earn over ₹3.3 Lakhs per year. Underwriter Salaries at United India Insurance Company 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 5 United India Insurance Company employees in India.

What is the estimated take home salary of a Underwriter at United India Insurance Company in India?

The estimated take-home salary of a Underwriter at United India Insurance Company in India typically ranges from ₹22,816 to ₹24,288 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹3.3 Lakhs per year for employees with experience ranging from 1 year to 4 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 5 salaries received from various employees of United India Insurance Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than United India Insurance Company for Underwriter in India?

Swiss Re	₹7.4 Lakhs to ₹26.0 Lakhs per year
Gallagher	₹9.0 Lakhs to ₹21.0 Lakhs per year
Life Insurance Corporation of India	₹3.0 Lakhs to ₹20.0 Lakhs per year
HDFC Ergo General Insurance	₹8.9 Lakhs to ₹15.2 Lakhs per year
Tata AIA Life Insurance	₹6.0 Lakhs to ₹10.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by United India Insurance Company, depending on the role and experience level.

What is the salary of a Underwriter in companies similar to United India Insurance Company in India?

The salary of a Underwriter at companies similar to United India Insurance Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SBI General Insurance	₹5.0 Lakhs to ₹11.9 Lakhs per year
ICICI Lombard General Insurance Company	₹3.7 Lakhs to ₹10.0 Lakhs per year
Kotak Mahindara Life Insurance	₹5.1 Lakhs to ₹9.1 Lakhs per year
AIG	₹5.0 Lakhs to ₹8.0 Lakhs per year
Cholamandalam MS General Insurance	₹2.0 Lakhs to ₹9.9 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 United India Insurance Company in India?

The salary growth for a Underwriter at United India Insurance Company depends on factors such as experience, performance, and promotions. On average, a Underwriter can expect the following growth trajectory at United India Insurance Company:

Experience	Average Salary Range
1 year	₹2.0 Lakhs to ₹4.5 Lakhs per year
2 years	₹2.0 Lakhs to ₹4.8 Lakhs per year
3 years	₹1.1 Lakhs to ₹3.3 Lakhs per year
4 years	₹2.5 Lakhs to ₹5.5 Lakhs per year

and so on.

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United India Insurance Company Underwriter Salaries

United India Insurance Company Underwriter salary in India ranges between ₹2 Lakhs to ₹3.3 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 United India Insurance Company latest salaries received from various employees of United India Insurance Company.