Assistant Manager - Protection Underwriting

Axis Max Life Insurance Limited; Gurgaon; Remote; INR 900,000 - 1,200,000; Full time

Job summary

Axis Max Life Insurance Limited seeks an Assistant Manager/Deputy Manager in Medical Underwriting at Gurgaon. You will appraise medical risks for life insurance applications and underwrite new and existing business.

The role requires evaluating medical conditions, analyzing test results, and referring complex cases to seniors while ensuring compliance with underwriting policies and processes.

Qualifications

• Graduate with 5+ years of experience in Operations or related areas.
• MBBS / B.Sc (Hons) in Nursing/B.Pharm/BPT/Insurance preferred.

Responsibilities

• Appraise medical risks for life insurance applications.
• Assess level of risk with adverse medical findings.
• Evaluate medical condition and analyze test results.
• Underwrite new and existing business.
• Recommend, accept, or reject coverage within policy limits.
• Refer difficult cases to superiors and summarize financial documents.

Skills

GO/HO knowledge

Analytical skills

MS Office / Excel

Education

MBBS / B.Sc (Hons) in Nursing/B.Pharm/BPT/Insurance

Tools

MS Excel

MS PowerPoint

Job description

Assistant Manager - Protection Underwriting

Home Office

About Axis Max Life

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a joint venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited.

Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery, and a well-trained human capital.

Axis Max Life has been consistently ranked among the best workplaces by the GPTW Institute, reflecting its commitment to creating a positive and empowering work environment.

#ComeAsYouAre LGBTQIA+ and PwD candidates of all ages are encouraged to apply

Job Description

Position

Assistant Manager/Deputy Manager - Medical Underwriting

Department

Operations Underwriting

Reporting to

Manager Band 5A/5B

Location Gurgaon Last Date of Submission:

• Appraise medical risks for life insurance application using factors such as age, occupation, medical history, financial standing and other relevant conditions that determine insurability
• Appraise level of risk involved in applications with adverse medical findings where medical opinion or decision is necessary for acceptance/rejection of insurance coverage
• Evaluate medical condition and analyze the test results of the applicants
• Underwrite new and existing business
• Recommend, accept, reject insurance coverage within limits set in the underwriting policy
• Handle routine and non-routine and renewal cases
• Refer difficult cases to superiors
• Assessing financial documents and summarize the same.

Measure of Success

• Ensure adherence of accuracy and TAT for underwriting of proposals
• Adhere to all regulatory requirements and reports exception.
• Lead team of motivated professionals aligned to company goals
• Manage internal and external stakeholders in terms of CSAT and DSAT.

Desired qualifications and experience:

• Graduate with 5+ years of experience in Operations or related areas
• MBBS / B.Sc (Hons) in Nursing/B.Pharm/BPT/Insurance Qualified preferred

ELIGIBILITY CRITERIA

• Candidates who have a performance rating of G2M2 & have completed 12 months in the current role
• Candidates who have a performance rating of G3M3 & have completed 18 months in the current role
• FOR LATERAL MOVEMENT, candidate should have completed atleast 12 months in the current role & have minimum performance rating of G3M3

Knowledge and skills required:

• Strong GO / HO process knowledge
• Good Analytical Skills
• Computer knowledge (MS Office, MS Excel, MS Power Point) and Technical skills