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Insurance underwriter salary in Singapore

What an insurance underwriter earns a month, from MOM’s June 2024 wage survey. See where your own pay sits.

Median gross pay a month · Insurance underwriterS$6,991Half earn S$4,800 to S$12,200 · June 2024 · 111th highest of 562 jobs

On the median, S$6,991, a Singapore citizen aged 55 or under pays S$1,398 employee CPF (20%) and takes home about S$5,593 a month, before income tax. Work out your own CPF · income tax

Gross and basic pay a month, June 2024

25th percentileMedian75th percentile
GrossS$4,800S$6,991S$12,200
BasicS$4,800S$6,926S$12,068

By industry median gross, highest first

Industry25thMedian75th
Professional servicesS$6,713S$15,010S$20,000
Financial and insurance servicesS$5,000S$7,187S$11,911
ManufacturingS$4,597S$5,510S$7,803

Jobs paying about the same median gross

From MOM’s Occupational Wage Survey, June 2024, on data.gov.sg: citizens and PRs working full-time in private sector firms with 25 or more employees. Gross is basic pay plus overtime, commissions and allowances, before CPF; it leaves out bonuses and employer CPF.

Questions

How much does an insurance underwriter earn in Singapore?

A median of S$6,991 a month gross in MOM’s June 2024 survey: half earn more, half less, and the middle half S$4,800 to S$12,200. Basic pay, before overtime, commissions and allowances, had a median of S$6,926. That’s the 111th highest of the 562 jobs in the survey.

What is an insurance underwriter’s take-home pay?

On the median of S$6,991, a Singapore citizen aged 55 or under pays S$1,398 employee CPF and takes home about S$5,593 a month, before income tax. The CPF calculator works it out for any pay and age.

Which industry pays an insurance underwriter the most?

Professional services, a median of S$15,010 a month gross, against S$5,510 in manufacturing. MOM lists 3 industries for this job.

Is S$12,200 a good salary for an insurance underwriter?

S$12,200 is right at the 75th percentile, S$12,200: about three in four earn less. Type your own pay to see where it sits.

More jobs

Insurance services manager S$10,466 · Insurance/underwriting clerk S$5,045 · Every job, A to Z

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