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Underwriter Analyst salary in India

Average Yearly Salary of Underwriter Analyst in India is approximately 1,956,508 INR (21,750 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 Analyst do?

occupation personasAn underwriter analyst is a professional who evaluates and assesses insurance applications to determine the risks involved in providing coverage. They analyze the information provided by applicants, such as medical history, financial records, and other relevant data, to make informed decisions regarding insurance coverage. Underwriter analysts use their expertise to evaluate the potential risks associated with insuring individuals or businesses and determine appropriate premiums and coverage limits. The job requires strong analytical skills to interpret complex data and assess risk accurately. Attention to detail is crucial to ensure that all relevant information is considered during the evaluation process. Effective communication skills are also necessary to interact with clients, insurance agents, and other professionals within the industry. Underwriter analysts must stay updated on industry trends and regulations to make informed decisions and provide the best possible service to clients.

Skills: underwriter analyst, insurance, risk assessment, data analysis, analytical skills, attention to detail, communication skills.
Job industry: Insurance


How much does Underwriter Analyst make?

Salary details
How much does Underwriter Analyst make?
Estimated Yearly Salary: 1,956,508 INR
Estimated Monthly Salary: 163,042 INR
Estimated Weekly Salary: 37,625 INR per week
Estimated Hourly Salary: 941 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 1,888,110 INR
Estimated Monthly Salary: 157,343 INR
Estimated Weekly Salary: 36,310 INR per week
Estimated Hourly Salary: 908 INR per hour
Last revision of data: 2024-01-06



Underwriter Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 21,750 USD
Estimated Monthly Salary: 1,813 USD
Estimated Weekly Salary: 418 USD per week
Estimated Hourly Salary: 10 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 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.

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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 Underwriter Analyst job salary compared to average salary in India.
Comparison shows that a person working as Underwriter Analyst in India earns on average:
1.06 times the average salary (or 106% of average salary).

Is Underwriter Analyst a well paid job?

Yes, our data show that Underwriter Analyst 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 Analyst?

High salary for Underwriter Analyst would be somewhere between 2,152,159 INR and 2,836,937 INR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriter Analyst 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: 1,956,508 INR
Estimated Monthly Salary: 163,042 INR
Estimated Weekly Salary: 37,625 INR per week
Estimated Hourly Salary: 941 INR per hour
By working as Underwriter Analyst a person can save up to 917 USD per month or 11,008 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 Analyst

Pakistan is 1,531 USDdown arrow 93%
Details on Underwriter Analyst salary in Pakistan
China is 12,427 USDdown arrow 43%
Details on Underwriter Analyst salary in China
Nepal is 7,142 USDdown arrow 67%
Details on Underwriter Analyst salary in Nepal
Bangladesh is 2,726 USDdown arrow 87%
Details on Underwriter Analyst salary in Bangladesh
Afghanistan is 5,810 USDdown arrow 73%
Details on Underwriter Analyst salary in Afghanistan
Last revision of data: 2025-01-04

Salary 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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in India

(21,041,458 INR per year, pre-tax.)
(17,441,897 INR per year, pre-tax.)
(16,859,303 INR per year, pre-tax.)
(16,443,049 INR per year, pre-tax.)
(16,347,274 INR per year, pre-tax.)
(16,022,930 INR per year, pre-tax.)
(16,021,806 INR per year, pre-tax.)
(15,990,052 INR per year, pre-tax.)
(15,984,385 INR per year, pre-tax.)
(15,947,550 INR per year, pre-tax.)

Data as of 2025

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