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The occupation of a Chief Underwriter involves overseeing the underwriting process within an organization. Chief Underwriters are responsible for managing a team of underwriters, ensuring that they adhere to company policies and guidelines while assessing risks associated with insurance or loan applications. They review complex or high-value cases, make final underwriting decisions, and provide guidance to their team members. Chief Underwriters collaborate with other departments such as sales, marketing, and claims to ensure effective risk management and profitability. They may also develop and implement underwriting strategies, monitor industry trends, and recommend changes to underwriting policies. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential in this role.
Estimated Yearly Salary: 5,727,285 INR
Estimated Monthly Salary: 477,274 INR
Estimated Weekly Salary: 110,140 INR per week
Estimated Hourly Salary: 2,754 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 462,878 INR
Estimated Weekly Salary: 106,818 INR per week
Estimated Hourly Salary: 2,670 INR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 63,877 USD
Estimated Monthly Salary: 5,323 USD
Estimated Weekly Salary: 1,228 USD per week
Estimated Hourly Salary: 31 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 5,727,285 INR
Estimated Monthly Salary: 477,274 INR
Estimated Weekly Salary: 110,140 INR per week
Estimated Hourly Salary: 2,754 INR per hour
By working as Chief Underwriter a person can save up to 4,428 USD per month or 53,135 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Estimated Yearly Salary for Chief Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Chief Underwriter salary in India
Average Yearly Salary of Chief Underwriter in India is approximately 5,727,285 INR (63,877 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Chief Underwriter do?
The occupation of a Chief Underwriter involves overseeing the underwriting process within an organization. Chief Underwriters are responsible for managing a team of underwriters, ensuring that they adhere to company policies and guidelines while assessing risks associated with insurance or loan applications. They review complex or high-value cases, make final underwriting decisions, and provide guidance to their team members. Chief Underwriters collaborate with other departments such as sales, marketing, and claims to ensure effective risk management and profitability. They may also develop and implement underwriting strategies, monitor industry trends, and recommend changes to underwriting policies. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential in this role.
Skills: Chief Underwriter, Underwriting, Risk Management, Insurance, Loan Applications, Analytical Skills
Job industry: Insurance
Job industry: Insurance
How much does Chief Underwriter make?
Salary details
How much does Chief Underwriter make?Estimated Yearly Salary: 5,727,285 INR
Estimated Monthly Salary: 477,274 INR
Estimated Weekly Salary: 110,140 INR per week
Estimated Hourly Salary: 2,754 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,554,530 INREstimated Monthly Salary: 462,878 INR
Estimated Weekly Salary: 106,818 INR per week
Estimated Hourly Salary: 2,670 INR per hour
Last revision of data: 2024-01-07Chief Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 63,877 USD
Estimated Monthly Salary: 5,323 USD
Estimated Weekly Salary: 1,228 USD per week
Estimated Hourly Salary: 31 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
India is a diverse and vibrant country located in South Asia. With a population of over 1.3 billion people, it is the second-most populous country in the world. The land area of India spans approximately 3.29 million square kilometers, making it the seventh-largest country by land area. It shares borders with several countries including Pakistan, China, Nepal, Bhutan, Bangladesh, and Myanmar.
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Chief Underwriter job salary compared to average salary in India.
Comparison shows that a person working as Chief Underwriter in India earns on average:
3.09 times the average salary (or 309% of average salary).
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Chief Underwriter job salary compared to average salary in India.
Comparison shows that a person working as Chief Underwriter in India earns on average:
3.09 times the average salary (or 309% of average salary).
Is Chief Underwriter a well paid job?
Yes, our data show that Chief Underwriter is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Chief Underwriter?
High salary for Chief Underwriter would be somewhere between 6,300,014 INR and 8,304,563 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Chief Underwriter in India?
Living in India the approximate monthly expenses are: 895 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 5,727,285 INR
Estimated Monthly Salary: 477,274 INR
Estimated Weekly Salary: 110,140 INR per week
Estimated Hourly Salary: 2,754 INR per hour
By working as Chief Underwriter a person can save up to 4,428 USD per month or 53,135 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar (Burma), Afghanistan. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Chief Underwriter
Pakistan is 4,497 USD
China is 36,620 USD
Nepal is 20,911 USD
Bangladesh is 8,024 USD
Afghanistan is 17,135 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in India
(21,041,458 INR per year, pre-tax.)
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4. Neurosurgeon
(16,443,049 INR per year, pre-tax.)
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7. Urologist
(16,021,806 INR per year, pre-tax.)
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9. Oncologist
(15,984,385 INR per year, pre-tax.)
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Data as of 2025Random salary:
Ombudsman (1,815,297 INR per year, pre-tax.)
Occupational nurse (2,406,976 INR per year, pre-tax.)
Grinding mill operator (1,314,087 INR per year, pre-tax.)
Crm integration specialist (2,776,239 INR per year, pre-tax.)
Beef cattle specialist (3,842,100 INR per year, pre-tax.)
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