Home > Salary > India > Underwriting Consultant
An underwriting consultant is a professional who assesses and evaluates insurance applications to determine the level of risk involved in providing coverage. They work closely with insurance brokers and clients to gather relevant information, analyze data, and make informed decisions regarding policy approval, pricing, and terms. Underwriting consultants utilize their expertise in insurance regulations and industry standards to ensure compliance and mitigate potential risks for the insurance company. They also play a crucial role in negotiating terms and conditions with clients and may provide guidance on risk management strategies. Strong analytical skills, attention to detail, and excellent communication abilities are essential for success in this occupation.
Estimated Yearly Salary: 3,012,488 INR
Estimated Monthly Salary: 251,041 INR
Estimated Weekly Salary: 57,932 INR per week
Estimated Hourly Salary: 1,448 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 243,330 INR
Estimated Weekly Salary: 56,153 INR per week
Estimated Hourly Salary: 1,404 INR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 33,617 USD
Estimated Monthly Salary: 2,801 USD
Estimated Weekly Salary: 646 USD per week
Estimated Hourly Salary: 16 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: 3,012,488 INR
Estimated Monthly Salary: 251,041 INR
Estimated Weekly Salary: 57,932 INR per week
Estimated Hourly Salary: 1,448 INR per hour
By working as Underwriting Consultant a person can save up to 1,906 USD per month or 22,875 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 Underwriting Consultant
Last revision of data: 2025-01-04
Data as of 2025
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Underwriting Consultant salary in India
Average Yearly Salary of Underwriting Consultant in India is approximately 3,012,488 INR (33,617 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 Underwriting Consultant do?
An underwriting consultant is a professional who assesses and evaluates insurance applications to determine the level of risk involved in providing coverage. They work closely with insurance brokers and clients to gather relevant information, analyze data, and make informed decisions regarding policy approval, pricing, and terms. Underwriting consultants utilize their expertise in insurance regulations and industry standards to ensure compliance and mitigate potential risks for the insurance company. They also play a crucial role in negotiating terms and conditions with clients and may provide guidance on risk management strategies. Strong analytical skills, attention to detail, and excellent communication abilities are essential for success in this occupation.
Skills: underwriting consultant, insurance analysis, risk assessment, policy approval, risk management, insurance regulations
Job industry: Insurance
Job industry: Insurance
How much does Underwriting Consultant make?
Salary details
How much does Underwriting Consultant make?Estimated Yearly Salary: 3,012,488 INR
Estimated Monthly Salary: 251,041 INR
Estimated Weekly Salary: 57,932 INR per week
Estimated Hourly Salary: 1,448 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,919,960 INREstimated Monthly Salary: 243,330 INR
Estimated Weekly Salary: 56,153 INR per week
Estimated Hourly Salary: 1,404 INR per hour
Last revision of data: 2024-01-06Underwriting Consultant estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 33,617 USD
Estimated Monthly Salary: 2,801 USD
Estimated Weekly Salary: 646 USD per week
Estimated Hourly Salary: 16 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 Underwriting Consultant job salary compared to average salary in India.
Comparison shows that a person working as Underwriting Consultant in India earns on average:
1.63 times the average salary (or 163% 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 Underwriting Consultant job salary compared to average salary in India.
Comparison shows that a person working as Underwriting Consultant in India earns on average:
1.63 times the average salary (or 163% of average salary).
Is Underwriting Consultant a well paid job?
Yes, our data shows that Underwriting Consultant is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Underwriting Consultant?
High salary for Underwriting Consultant would be somewhere between 3,313,737 INR and 4,368,108 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriting Consultant 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: 3,012,488 INR
Estimated Monthly Salary: 251,041 INR
Estimated Weekly Salary: 57,932 INR per week
Estimated Hourly Salary: 1,448 INR per hour
By working as Underwriting Consultant a person can save up to 1,906 USD per month or 22,875 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 Underwriting Consultant
Pakistan is 2,364 USD
China is 19,221 USD
Nepal is 11,029 USD
Bangladesh is 4,246 USD
Afghanistan is 9,030 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:
Energy analyst (1,766,192 INR per year, pre-tax.)
Package handler (943,938 INR per year, pre-tax.)
Computer aided design and drafting (cadd), operator (1,565,004 INR per year, pre-tax.)
Funding coordinator (1,073,446 INR per year, pre-tax.)
Benefits supervisor (2,627,523 INR per year, pre-tax.)
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