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A junior underwriter is a professional responsible for assisting senior underwriters in evaluating and analyzing insurance applications. They play a crucial role in the insurance industry by assessing risks associated with potential clients and determining the terms and conditions of insurance policies. Junior underwriters review applications, gather relevant information, and perform risk analysis using established guidelines and procedures. They collaborate with senior underwriters to make recommendations on policy approvals, modifications, or rejections. Additionally, they may assist in preparing reports, maintaining records, and communicating with clients or agents to clarify information or request additional documentation. Attention to detail, analytical skills, and knowledge of insurance policies and regulations are essential for this role.
Estimated Yearly Salary: 2,004,289 INR
Estimated Monthly Salary: 167,024 INR
Estimated Weekly Salary: 38,544 INR per week
Estimated Hourly Salary: 964 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 161,003 INR
Estimated Weekly Salary: 37,154 INR per week
Estimated Hourly Salary: 929 INR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 22,156 USD
Estimated Monthly Salary: 1,846 USD
Estimated Weekly Salary: 426 USD per week
Estimated Hourly Salary: 11 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 2,004,289 INR
Estimated Monthly Salary: 167,024 INR
Estimated Weekly Salary: 38,544 INR per week
Estimated Hourly Salary: 964 INR per hour
By working as Junior Underwriter a person can save up to 951 USD per month or 11,414 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 Junior Underwriter
Last revision of data: 2025-01-04
Data as of 2025
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Junior Underwriter salary in India
Average Yearly Salary of Junior Underwriter in India is approximately 2,004,289 INR (22,156 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 Junior Underwriter do?
A junior underwriter is a professional responsible for assisting senior underwriters in evaluating and analyzing insurance applications. They play a crucial role in the insurance industry by assessing risks associated with potential clients and determining the terms and conditions of insurance policies. Junior underwriters review applications, gather relevant information, and perform risk analysis using established guidelines and procedures. They collaborate with senior underwriters to make recommendations on policy approvals, modifications, or rejections. Additionally, they may assist in preparing reports, maintaining records, and communicating with clients or agents to clarify information or request additional documentation. Attention to detail, analytical skills, and knowledge of insurance policies and regulations are essential for this role.
Skills: Junior Underwriter, Risk Analysis, Insurance Applications, Policy Evaluation, Underwriting Guidelines, Risk Assessment
Job industry: Insurance
Job industry: Insurance
How much does Junior Underwriter make?
Salary details
How much does Junior Underwriter make?Estimated Yearly Salary: 2,004,289 INR
Estimated Monthly Salary: 167,024 INR
Estimated Weekly Salary: 38,544 INR per week
Estimated Hourly Salary: 964 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,932,030 INREstimated Monthly Salary: 161,003 INR
Estimated Weekly Salary: 37,154 INR per week
Estimated Hourly Salary: 929 INR per hour
Last revision of data: 2024-01-07Junior Underwriter estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 22,156 USD
Estimated Monthly Salary: 1,846 USD
Estimated Weekly Salary: 426 USD per week
Estimated Hourly Salary: 11 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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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Country:
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 Junior Underwriter job salary compared to average salary in India.
Comparison shows that a person working as Junior Underwriter in India earns on average:
1.08 times the average salary (or 108% 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 Junior Underwriter job salary compared to average salary in India.
Comparison shows that a person working as Junior Underwriter in India earns on average:
1.08 times the average salary (or 108% of average salary).
Is Junior Underwriter a well paid job?
Yes, our data show that Junior Underwriter is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Junior Underwriter?
High salary for Junior Underwriter would be somewhere between 2,204,718 INR and 2,906,219 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Junior 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: 2,004,289 INR
Estimated Monthly Salary: 167,024 INR
Estimated Weekly Salary: 38,544 INR per week
Estimated Hourly Salary: 964 INR per hour
By working as Junior Underwriter a person can save up to 951 USD per month or 11,414 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 Junior Underwriter
Pakistan is 1,571 USD
China is 12,742 USD
Nepal is 7,261 USD
Bangladesh is 2,801 USD
Afghanistan is 5,940 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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(17,441,897 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:
Branch manager retail (2,409,084 INR per year, pre-tax.)
Office manager ii (1,128,404 INR per year, pre-tax.)
Representative key account manager (1,739,760 INR per year, pre-tax.)
Skin care specialist (1,158,089 INR per year, pre-tax.)
Senior clinical data manager (3,386,978 INR per year, pre-tax.)
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