Home > Salary > India > Manager Underwriting
The occupation of a Manager Underwriting involves overseeing the underwriting process within an organization. This role requires extensive knowledge of insurance policies, risk assessment, and financial analysis. The manager is responsible for evaluating and approving insurance applications, ensuring compliance with underwriting guidelines, and managing a team of underwriters. They collaborate with other departments to develop and implement underwriting strategies, review and analyze underwriting data, and make recommendations for improvements. Additionally, they may be involved in negotiating terms and conditions with clients and monitoring market trends to assess potential risks. Strong analytical skills, attention to detail, and the ability to make informed decisions are essential for success in this role.
Estimated Yearly Salary: 3,928,831 INR
Estimated Monthly Salary: 327,403 INR
Estimated Weekly Salary: 75,554 INR per week
Estimated Hourly Salary: 1,889 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 316,515 INR
Estimated Weekly Salary: 73,042 INR per week
Estimated Hourly Salary: 1,826 INR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 43,542 USD
Estimated Monthly Salary: 3,629 USD
Estimated Weekly Salary: 837 USD per week
Estimated Hourly Salary: 21 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: 3,928,831 INR
Estimated Monthly Salary: 327,403 INR
Estimated Weekly Salary: 75,554 INR per week
Estimated Hourly Salary: 1,889 INR per hour
By working as Manager Underwriting a person can save up to 2,733 USD per month or 32,800 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 Manager Underwriting
Last revision of data: 2025-01-04
Data as of 2025
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Manager Underwriting salary in India
Average Yearly Salary of Manager Underwriting in India is approximately 3,928,831 INR (43,542 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 Manager Underwriting do?
The occupation of a Manager Underwriting involves overseeing the underwriting process within an organization. This role requires extensive knowledge of insurance policies, risk assessment, and financial analysis. The manager is responsible for evaluating and approving insurance applications, ensuring compliance with underwriting guidelines, and managing a team of underwriters. They collaborate with other departments to develop and implement underwriting strategies, review and analyze underwriting data, and make recommendations for improvements. Additionally, they may be involved in negotiating terms and conditions with clients and monitoring market trends to assess potential risks. Strong analytical skills, attention to detail, and the ability to make informed decisions are essential for success in this role.
Skills: Manager Underwriting, Insurance, Risk Assessment, Financial Analysis, Compliance, Underwriting Guidelines
Job industry: Insurance
Job industry: Insurance
How much does Manager Underwriting make?
Salary details
How much does Manager Underwriting make?Estimated Yearly Salary: 3,928,831 INR
Estimated Monthly Salary: 327,403 INR
Estimated Weekly Salary: 75,554 INR per week
Estimated Hourly Salary: 1,889 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 3,798,180 INREstimated Monthly Salary: 316,515 INR
Estimated Weekly Salary: 73,042 INR per week
Estimated Hourly Salary: 1,826 INR per hour
Last revision of data: 2024-01-02Manager Underwriting estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 43,542 USD
Estimated Monthly Salary: 3,629 USD
Estimated Weekly Salary: 837 USD per week
Estimated Hourly Salary: 21 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
Compare salary to other countries
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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 Manager Underwriting job salary compared to average salary in India.
Comparison shows that a person working as Manager Underwriting in India earns on average:
2.12 times the average salary (or 212% 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 Manager Underwriting job salary compared to average salary in India.
Comparison shows that a person working as Manager Underwriting in India earns on average:
2.12 times the average salary (or 212% of average salary).
Is Manager Underwriting a well paid job?
Yes, our data show that Manager Underwriting 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 Manager Underwriting?
High salary for Manager Underwriting would be somewhere between 4,321,714 INR and 5,696,805 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Manager Underwriting 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: 3,928,831 INR
Estimated Monthly Salary: 327,403 INR
Estimated Weekly Salary: 75,554 INR per week
Estimated Hourly Salary: 1,889 INR per hour
By working as Manager Underwriting a person can save up to 2,733 USD per month or 32,800 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 Manager Underwriting
Pakistan is 3,073 USD
China is 25,149 USD
Nepal is 14,283 USD
Bangladesh is 5,495 USD
Afghanistan is 11,746 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
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Data as of 2025Random salary:
Senior program analyst it (3,971,584 INR per year, pre-tax.)
Senior civil engineer (3,820,140 INR per year, pre-tax.)
Energy management specialist (2,072,958 INR per year, pre-tax.)
Director of activities assisted living (1,073,446 INR per year, pre-tax.)
Sql database analyst (2,832,210 INR per year, pre-tax.)
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