Underwriter Salaries in India

Updated 26 Nov 2023
Base Pay Range
₹4L - ₹9L/yr
Average Base Pay

215 salaries

₹5L

Low

₹7L

Average

₹11L

High

Additional Cash Compensation
Average₹76,335Range₹46,184 - ₹1,70,350
The average salary for Underwriter is ₹7,40,922 per year in the India. The average additional cash compensation for a Underwriter in the India is ₹76,335, with a range from ₹46,184 - ₹1,70,350. Salaries estimates are based on 215 salaries submitted anonymously to Glassdoor by Underwriter employees in India.

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What is the salary trajectory for a Underwriter?

in India

₹7,40,922 /yr
Underwriter
₹11L /yr
Senior Underwriter
No Salary Reports
Underwriter IV
See Full Career Path

Download as data table

What is the salary trajectory for a Underwriter?

Job TitleSalary
Underwriter₹7,40,922 /yr
Senior Underwriter₹11L /yr
Underwriter IV
What is the salary trajectory for a Underwriter?

in India

₹7,40,922 /yr
Underwriter
₹11L /yr
Senior Underwriter
No Salary Reports
Underwriter IV
See Full Career Path

Download as data table

What is the salary trajectory for a Underwriter?

Job TitleSalary
Underwriter₹7,40,922 /yr
Senior Underwriter₹11L /yr
Underwriter IV

Salaries in India

Location

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Average Base Salary in (INR)

Range

ICICI Lombard General Insurance Company Limited
3.4

ICICI Lombard General Insurance Company Limited

Underwriter

₹7,32,765

 /yr
Range: ₹4L - ₹18L
18 salaries
See 18 salaries from all locations

₹4L

₹18L

₹3,58,000 - ₹18,22,654 Range

Tata AIG General Insurance
3.8

Tata AIG General Insurance

Underwriter

₹9,53,463

 /yr
Range: ₹8L - ₹11L
13 salaries
See 14 salaries from all locations

₹8L

₹11L

₹8,18,014 - ₹11,47,614 Range

Accenture
4

Accenture

Underwriter

₹4,19,589

 /yr
Range: ₹2L - ₹11L
9 salaries
See 9 salaries from all locations

₹2L

₹11L

₹1,67,876 - ₹11,44,156 Range

Firstsource Solutions
3.4

Firstsource Solutions

Underwriter

₹4,77,334

 /yr
Range: ₹2L - ₹11L
9 salaries
See 9 salaries from all locations

₹2L

₹11L

₹2,43,021 - ₹11,44,156 Range

SitusAMC
3.4

SitusAMC

Underwriter

₹6,50,000

 /yr
Range: ₹3L - ₹9L
9 salaries
See 9 salaries from all locations

₹3L

₹9L

₹3,32,294 - ₹9,27,617 Range

SBI Card
3.7

SBI Card

Underwriter - Monthly

₹29,010

 /mo
Range: ₹17T - ₹47T
7 salaries
See 7 salaries from all locations

₹17T

₹47T

₹16,707 - ₹46,521 Range

Visionet Systems
3.6

Visionet Systems

Underwriter - Monthly

₹26,253

 /mo
Range: ₹18T - ₹87T
7 salaries
See 7 salaries from all locations

₹18T

₹87T

₹18,302 - ₹87,424 Range

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ICICI Prudential Life Insurance
4.4

ICICI Prudential Life Insurance

Underwriter - Monthly

₹55,497

 /mo
Range: ₹24T - ₹1L
6 salaries
See 6 salaries from all locations

₹24T

₹1L

₹23,819 - ₹1,35,577 Range

MPOWER Financing
3.8

MPOWER Financing

Underwriter

₹8,12,834

 /yr
Range: ₹8L - ₹14L
6 salaries
See 7 salaries from all locations

₹8L

₹14L

₹7,72,432 - ₹14,19,976 Range

Tata Consultancy Services
3.8

Tata Consultancy Services

Underwriter - Monthly

₹29,038

 /mo
Range: ₹22T - ₹60T
5 salaries
See 5 salaries from all locations

₹22T

₹60T

₹22,086 - ₹60,295 Range

Genpact
4

Genpact

Underwriter

₹6,26,874

 /yr
Range: ₹2L - ₹9L
5 salaries
See 5 salaries from all locations

₹2L

₹9L

₹1,89,522 - ₹8,89,899 Range

Ocwen Financial
3.6

Ocwen Financial

Underwriter

₹5,17,205

 /yr
Range: ₹4L - ₹7L
5 salaries
See 5 salaries from all locations

₹4L

₹7L

₹3,52,612 - ₹6,98,328 Range

Verity Global Solutions
3.4

Verity Global Solutions

Underwriter

₹6,73,627

 /yr
Range: ₹3L - ₹9L
5 salaries
See 5 salaries from all locations

₹3L

₹9L

₹2,52,000 - ₹9,23,941 Range

Mphasis
3.5

Mphasis

Underwriter

₹6,35,073

 /yr
Range: ₹4L - ₹11L
4 salaries
See 4 salaries from all locations

₹4L

₹11L

₹4,48,928 - ₹10,55,440 Range

Star Health & Allied Insurance
3.7

Star Health & Allied Insurance

Underwriter

₹2,96,650

 /yr
Range: ₹2L - ₹4L
4 salaries
See 4 salaries from all locations

₹2L

₹4L

₹2,47,101 - ₹4,31,004 Range

Royal Sundaram General Insurance
3.8

Royal Sundaram General Insurance

Underwriter

₹8,65,101

 /yr
Range: ₹5L - ₹24L
4 salaries
See 4 salaries from all locations

₹5L

₹24L

₹5,29,681 - ₹24,11,808 Range

Namaste Credit
4.4

Namaste Credit

Underwriter - Monthly

₹22,212

 /mo
Range: ₹16T - ₹31T
4 salaries
See 4 salaries from all locations

₹16T

₹31T

₹15,513 - ₹31,402 Range

HDFC Bank
3.5

HDFC Bank

Underwriter

₹9,25,135

 /yr
Range: ₹8L - ₹18L
3 salaries
See 3 salaries from all locations

₹8L

₹18L

₹7,98,911 - ₹18,49,668 Range

EXL Service
3.7

EXL Service

Underwriter

₹3,86,403

 /yr
Range: ₹2L - ₹6L
3 salaries
See 3 salaries from all locations

₹2L

₹6L

₹1,80,000 - ₹5,95,876 Range

Infosys BPM
3.5

Infosys BPM

Underwriter

₹5,14,715

 /yr
Range: ₹4L - ₹5L
3 salaries
See 3 salaries from all locations

₹4L

₹5L

₹3,57,418 - ₹5,30,770 Range

Download as data table

Underwriter Salaries

Job TitleSalary
Underwriter salaries - 18 salaries reported₹7,32,765/yr
Underwriter salaries - 13 salaries reported₹9,53,463/yr
Underwriter salaries - 9 salaries reported₹4,19,589/yr
Underwriter salaries - 9 salaries reported₹4,77,334/yr
Underwriter salaries - 9 salaries reported₹6,50,000/yr
Underwriter salaries - 7 salaries reported₹29,010/mo
Underwriter salaries - 7 salaries reported₹26,253/mo
Underwriter salaries - 6 salaries reported₹55,497/mo
Underwriter salaries - 6 salaries reported₹8,12,834/yr
Underwriter salaries - 5 salaries reported₹29,038/mo
Underwriter salaries - 5 salaries reported₹6,26,874/yr
Underwriter salaries - 5 salaries reported₹5,17,205/yr
Underwriter salaries - 5 salaries reported₹6,73,627/yr
Underwriter salaries - 4 salaries reported₹6,35,073/yr
Underwriter salaries - 4 salaries reported₹2,96,650/yr
Underwriter salaries - 4 salaries reported₹8,65,101/yr
Underwriter salaries - 4 salaries reported₹22,212/mo
Underwriter salaries - 3 salaries reported₹9,25,135/yr
Underwriter salaries - 3 salaries reported₹3,86,403/yr
Underwriter salaries - 3 salaries reported₹5,14,715/yr
Viewing 1 - 10 of 968

Frequently asked questions about an Underwriter salaries

The average salary for an Underwriter is ₹7,40,922 per year in India. Salaries estimates are based on 215 salaries submitted anonymously to Glassdoor by an Underwriter employees in India.

The highest salary for an Underwriter in India is ₹10,60,249 per year.

The lowest salary for an Underwriter in India is ₹4,73,168 per year.

Underwriters earn similar pay to actuaries, insurance account managers, and insurance loss adjusters. Their pay varies widely depending on their experience, and although starting salaries may be low, they have great earning potential. In order to increase their experience and therefore earning potential, underwriters may begin to take on more complicated risks. This further demonstrates their analytical skills as well as knowledge of the profession. Underwriters can also move into management or senior roles with experience.

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