Home > Salary > India > Underwriter 1
An underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.
Estimated Yearly Salary: 1,925,859 INR
Estimated Monthly Salary: 160,488 INR
Estimated Weekly Salary: 37,036 INR per week
Estimated Hourly Salary: 926 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 155,513 INR
Estimated Weekly Salary: 35,888 INR per week
Estimated Hourly Salary: 897 INR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 21,496 USD
Estimated Monthly Salary: 1,791 USD
Estimated Weekly Salary: 413 USD per week
Estimated Hourly Salary: 10 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: 1,925,859 INR
Estimated Monthly Salary: 160,488 INR
Estimated Weekly Salary: 37,036 INR per week
Estimated Hourly Salary: 926 INR per hour
By working as Underwriter 1 a person can save up to 896 USD per month or 10,754 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 Underwriter 1
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter 1 salary in India
Average Yearly Salary of Underwriter 1 in India is approximately 1,925,859 INR (21,496 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 Underwriter 1 do?
An underwriter is a professional who assesses and evaluates insurance applications to determine the level of risk involved in insuring individuals or organizations. They analyze various factors such as the applicant's health, financial status, and potential risks associated with the policy. Underwriters use this information to calculate premiums and decide whether to accept or reject an insurance application. They also ensure that the policies comply with legal and regulatory requirements.
Skills: Underwriter, Risk assessment, Insurance industry, Financial analysis, Policy evaluation, Premium calculation
Job industry: Finance
Job industry: Finance
How much does Underwriter 1 make?
Salary details
How much does Underwriter 1 make?Estimated Yearly Salary: 1,925,859 INR
Estimated Monthly Salary: 160,488 INR
Estimated Weekly Salary: 37,036 INR per week
Estimated Hourly Salary: 926 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,866,150 INREstimated Monthly Salary: 155,513 INR
Estimated Weekly Salary: 35,888 INR per week
Estimated Hourly Salary: 897 INR per hour
Last revision of data: 2024-01-03Underwriter 1 estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 21,496 USD
Estimated Monthly Salary: 1,791 USD
Estimated Weekly Salary: 413 USD per week
Estimated Hourly Salary: 10 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 Underwriter 1 job salary compared to average salary in India.
Comparison shows that a person working as Underwriter 1 in India earns on average:
1.04 times the average salary (or 104% 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 Underwriter 1 job salary compared to average salary in India.
Comparison shows that a person working as Underwriter 1 in India earns on average:
1.04 times the average salary (or 104% of average salary).
Is Underwriter 1 a well paid job?
Yes, our data show that Underwriter 1 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 Underwriter 1?
High salary for Underwriter 1 would be somewhere between 2,118,445 INR and 2,792,496 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter 1 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: 1,925,859 INR
Estimated Monthly Salary: 160,488 INR
Estimated Weekly Salary: 37,036 INR per week
Estimated Hourly Salary: 926 INR per hour
By working as Underwriter 1 a person can save up to 896 USD per month or 10,754 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 Underwriter 1
Pakistan is 1,518 USD
China is 12,352 USD
Nepal is 7,028 USD
Bangladesh is 2,702 USD
Afghanistan is 5,764 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.)
2. Cardiologist
(17,441,897 INR per year, pre-tax.)
(16,859,303 INR per year, pre-tax.)
4. Neurosurgeon
(16,443,049 INR per year, pre-tax.)
(16,347,274 INR per year, pre-tax.)
(16,022,930 INR per year, pre-tax.)
7. Urologist
(16,021,806 INR per year, pre-tax.)
(15,990,052 INR per year, pre-tax.)
9. Oncologist
(15,984,385 INR per year, pre-tax.)
(15,947,550 INR per year, pre-tax.)
Data as of 2025Random salary:
Ophthalmology technician (1,079,372 INR per year, pre-tax.)
Optician retail store manager (1,422,818 INR per year, pre-tax.)
Team driver (1,128,404 INR per year, pre-tax.)
Quality assurance inspector manufacturing (1,514,880 INR per year, pre-tax.)
Banking branch manager (1,684,422 INR per year, pre-tax.)
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