Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in Asia Pacific. Tata Sons holds a majority stake (51 per cent) in the company and AIA holds 49 per cent through AIA International Limited. Tata AIA Life Insurance Company Limited was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001.
Job Title : Manager Medical Underwriting ( TATA aia Life)- Mumbai
Experience : 6 – 10 Years
Location : Mumbai, Thane
No of Openings : 3
Salary : INR 5,00,000 – 10,00,000 P.A. NA
Job Description
- Underwrite HNI cases allotted as per assigned underwriting authority
- Supervision of the Underwriting team
- Resolving queries
- Carry out analyses of key indicators in underwriting every quarter to propose necessary amendments
Skills required:
- Industry & Insurance knowledge.
- Good analytical skills.
- Knowledge of evaluating various risk factors in Underwriting.
- Knowledge of basic medical terminologies.
- Efficiency in managing big teams.
- Effective presentation and interpersonal skills.
- Good system skills in Excel/Word.
- Multitasking
Qualification : Bachelor of Science/Pharmacy/Medicine/Life Science/Microbiology or Commerce
Experience : 6-7 years of relevant industry experience in Medical Underwriting ONLY
KRA
:Underwrite HNI cases allotted as per assigned underwriting authority.
- Underwrites new business/resolving at an average of 30 cases per day allocated as per the individual authority grid.
- Scrutinize all attached documents for completeness and check the supportings.
- Carry out risk assessment and approve the case if all in order or else raise pendings in view of incomplete/additional information.
- Arriving on decisions on non std cases and receiving sign off by immediate supervisor
- Coordinate with the reinsures and ensure accuracy of information provided to the reinsures during case referral.
- Facilitating the issuance of various big-ticket cases by offering creative solutions to resolve the pendings and negotiating with the region & reinsure.
Supervision of the Underwriting team:
- Review and sign off on cases referred to by the junior underwriter
- Do a quality check ensuring all documents, guidelines are being followed and prudent decisions made
- Supervision the individual teams on case distribution & completion of the same.
- Review the cases underwritten by junior underwriters on a monthly basis to minimize error rate.
- Monitor capacitisation & performance optimization of the staff month on month with the aim of increasing the productivity of the team.
- Recommend the team members for enhancing the roles and underwriting authorities basis the review
- Resolving queries: Efficient delegation & resolution of various underwriting queries within one working day
- Carry out analyses of key indicators in underwriting every quarter to propose necessary amendments:
Carry out competition analysis.
Review the existing underwriting guidelines for the scope of amending them.
Identify key risk indicators affecting the business.
Analyze the in force business by product type, age, sum assureds and morbid conditions.
