INSURANCE UNDERWRITER / SALARY
INDIA

SALARY SURVEYS

10

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

83.19 INR = 1 USD

1,914,821 INR

$23,018 USD

Bangalore

1,612,932 INR

2,246,076 INR

$27,000 USD

Including "Bangalore"

Excluding "Bangalore"

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Average Salary / Insurance Underwriter / India

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Average salary for Insurance Underwriter / India is 1,914,821 INR per year. The most typical earning is 2,246,076 INR. All data are based on 10 salary surveys. Salaries are different between men and women. Men receive an average salary of 1,954,918 INR. Women receive a salary of 1,622,166 INR.

Based on education, the highest salaries receive people with Masters Degree with salary of 2,162,888 INR. The second most paid education level is Bachelors Degree with salary of 1,979,874 INR.

Different experiences affect earning as well. People with 8-12 Years of experience receive salary of 3,236,013 INR. Employees with 12-16 Years of experience receive 2,287,670 INR.

Levels / Insurance Underwriter / India (Gross INR)

Salary Levels (INR) per Year	Surveys	[%]
83,200 INR - 166,299 INR	0	n/a
166,400 INR - 249,499 INR	0	n/a
249,600 INR - 415,899 INR	1	100% 10%
415,900 INR - 831,799 INR	0	n/a
831,900 INR - 1,247,699 INR	2	90% 20%
1,247,800 INR - 1,663,699 INR	1	70% 10%
1,663,800 INR - 2,079,599 INR	2	60% 20%
THE MOST TYPICAL SALARY
2,079,700 INR - 2,495,599 INR	3	40% 30%
2,495,600 INR - 2,911,499 INR	0	n/a
2,911,600 INR - 3,327,399 INR	0	n/a
3,327,500 INR - 3,743,399 INR	0	n/a
3,743,500 INR - 4,159,299 INR	0	n/a
4,159,400 INR - 4,575,299 INR	0	n/a
4,575,300 INR - 4,991,199 INR	0	n/a
4,991,300 INR - 5,407,099 INR	0	n/a
5,407,200 INR - 5,823,099 INR	1	10% 10%
5,823,200 INR - 6,238,999 INR	0	n/a
6,239,100 INR - 6,654,999 INR	0	n/a
6,655,000 INR - 7,070,899 INR	0	n/a
7,071,000 INR - 7,486,799 INR	0	n/a
7,486,900 INR - 7,902,799 INR	0	n/a
7,902,900 INR - 8,318,699 INR	0	n/a
8,318,800 INR - 8,734,699 INR	0	n/a
8,734,700 INR - 9,150,599 INR	0	n/a
9,150,700 INR - 9,566,499 INR	0	n/a
9,566,600 INR - 9,982,499 INR	0	n/a
9,982,600 INR - 10,398,399 INR	0	n/a
10,398,500 INR - 10,814,399 INR	0	n/a
10,814,400 INR - 11,230,299 INR	0	n/a
11,230,400 INR - 11,646,199 INR	0	n/a
11,646,300 INR - 12,062,199 INR	0	n/a
12,062,300 INR - 12,478,099 INR	0	n/a
HIGH SALARIES
12,478,200 INR - 13,309,999 INR	0	n/a
13,310,100 INR - 14,141,899 INR	0	n/a
14,142,000 INR - 14,973,799 INR	0	n/a
14,973,800 INR - 15,805,599 INR	0	n/a
15,805,700 INR - 16,637,499 INR	0	n/a
16,637,600 INR - 17,469,399 INR	0	n/a
17,469,500 INR - 18,301,299 INR	0	n/a
18,301,400 INR - 19,133,199 INR	0	n/a
19,133,200 INR - 19,964,999 INR	0	n/a
19,965,100 INR - 20,796,899 INR	0	n/a
20,797,000 INR - 29,115,799 INR	0	n/a

Gender / Insurance Underwriter / India (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	7	1,954,918 INR
2	Women	2	1,622,166 INR

Education / Insurance Underwriter / India (Gross INR)

#		Surveys
1	Masters Degree	5	2,162,888 INR
2	Bachelors Degree	4	1,979,874 INR
3	High School	1	399,302 INR

Experience / Insurance Underwriter / India (Gross INR)

#		Surveys
1	8-12 Years	3	3,236,013 INR
2	12-16 Years	1	2,287,670 INR
3	16-20 Years	2	1,622,166 INR
4	4-8 Years	2	1,281,095 INR
5	2-4 Years	2	665,504 INR

Age / Insurance Underwriter / India (Gross INR)

#		Surveys
1	36-40	4	2,745,204 INR
2	n/a	1	2,187,844 INR
3	31-35	2	1,888,367 INR
4	26-30	3	732,054 INR

Work Type / Insurance Underwriter / India (Gross INR)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	10	1,913,324 INR

Cities / Insurance Underwriter / India (Gross INR)

#		Surveys
1	Mumbai	4	2,520,596 INR
2	Chennai	3	1,813,498 INR
3	Bangalore	2	1,613,847 INR
4	--Other--	1	399,302 INR

People's individual salary examples (surveys)

Risk Consultant

Posted 26 March 2021
Key knowledge and tasks

"Risk assessment."

City	Education	Experience	Knowledge	Gross salary / year
Bangalore	Bachelors Degree	12-16 Years	n/a	2,285,700 INR

Clerical

Posted 25 February 2019
Key knowledge and tasks

"Clerical post under Nationalised Insurance company."

City	Education	Experience	Knowledge	Gross salary / year
--Other--	High School	2-4 Years	n/a	395,200 INR

Associate Vice President

Posted 16 December 2018
Key knowledge and tasks

"General insurance."

City	Education	Experience	Knowledge	Gross salary / year
Mumbai	Masters Degree	8-12 Years	n/a	5,442,200 INR

Senior Manager - Underwriting

Posted 27 November 2018
Key knowledge and tasks

"Handling fire, engineering and marine portfolios. Also handled Employee Benefits in an extensive way."

City	Education	Experience	Knowledge	Gross salary / year
Chennai	Bachelors Degree	16-20 Years	n/a	1,749,300 INR

Senior Manager Underwriting

Posted 19 March 2018

City	Education	Experience	Knowledge	Gross salary / year
Chennai	Masters Degree	16-20 Years	n/a	1,499,200 INR

INSURANCE UNDERWRITER / SALARY INDIA

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