Home > Salary > India > Underwriter Associate
An underwriter associate is a professional who works in the insurance industry, specifically in the underwriting department. Their primary responsibility is to assess the risk associated with insurance applications and determine the appropriate coverage and premium rates. Underwriter associates review policy applications, analyze data, and evaluate risk factors such as medical history, financial status, and previous claims. They collaborate with underwriters to make informed decisions regarding acceptance or rejection of insurance applications. Additionally, they may assist in preparing reports, maintaining records, and providing customer service.
Estimated Yearly Salary: 1,683,144 INR
Estimated Monthly Salary: 140,262 INR
Estimated Weekly Salary: 32,368 INR per week
Estimated Hourly Salary: 809 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 135,390 INR
Estimated Weekly Salary: 31,244 INR per week
Estimated Hourly Salary: 781 INR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 18,751 USD
Estimated Monthly Salary: 1,563 USD
Estimated Weekly Salary: 361 USD per week
Estimated Hourly Salary: 9 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: 1,683,144 INR
Estimated Monthly Salary: 140,262 INR
Estimated Weekly Salary: 32,368 INR per week
Estimated Hourly Salary: 809 INR per hour
By working as Underwriter Associate a person can save up to 667 USD per month or 8,009 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 Associate
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Associate salary in India
Average Yearly Salary of Underwriter Associate in India is approximately 1,683,144 INR (18,751 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 Associate do?
An underwriter associate is a professional who works in the insurance industry, specifically in the underwriting department. Their primary responsibility is to assess the risk associated with insurance applications and determine the appropriate coverage and premium rates. Underwriter associates review policy applications, analyze data, and evaluate risk factors such as medical history, financial status, and previous claims. They collaborate with underwriters to make informed decisions regarding acceptance or rejection of insurance applications. Additionally, they may assist in preparing reports, maintaining records, and providing customer service.
Skills: underwriting, risk assessment, insurance industry, policy analysis, data analysis, customer service
Job industry: Insurance
Job industry: Insurance
How much does Underwriter Associate make?
Salary details
How much does Underwriter Associate make?Estimated Yearly Salary: 1,683,144 INR
Estimated Monthly Salary: 140,262 INR
Estimated Weekly Salary: 32,368 INR per week
Estimated Hourly Salary: 809 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,624,680 INREstimated Monthly Salary: 135,390 INR
Estimated Weekly Salary: 31,244 INR per week
Estimated Hourly Salary: 781 INR per hour
Last revision of data: 2024-01-06Underwriter Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 18,751 USD
Estimated Monthly Salary: 1,563 USD
Estimated Weekly Salary: 361 USD per week
Estimated Hourly Salary: 9 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
Compare salary to other countries
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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 Associate job salary compared to average salary in India.
Comparison shows that a person working as Underwriter Associate in India earns on average:
0.91 times the average salary (or 91% 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 Associate job salary compared to average salary in India.
Comparison shows that a person working as Underwriter Associate in India earns on average:
0.91 times the average salary (or 91% of average salary).
Is Underwriter Associate a well paid job?
Yes, our data show that Underwriter Associate 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 Associate?
High salary for Underwriter Associate would be somewhere between 1,851,458 INR and 2,440,559 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Associate 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: 1,683,144 INR
Estimated Monthly Salary: 140,262 INR
Estimated Weekly Salary: 32,368 INR per week
Estimated Hourly Salary: 809 INR per hour
By working as Underwriter Associate a person can save up to 667 USD per month or 8,009 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 Associate
Pakistan is 1,320 USD
China is 10,710 USD
Nepal is 6,130 USD
Bangladesh is 2,351 USD
Afghanistan is 5,014 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
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7. Urologist
(16,021,806 INR per year, pre-tax.)
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9. Oncologist
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Data as of 2025Random salary:
Special assets officer (2,656,530 INR per year, pre-tax.)
Investment banking director (5,311,904 INR per year, pre-tax.)
Health information management (him), clerk (1,248,028 INR per year, pre-tax.)
Ocean freight manager (2,146,975 INR per year, pre-tax.)
Fire inspector (1,308,312 INR per year, pre-tax.)
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