Executive - Medical Underwriting

Axis Max Life Insurance Limited; Gurugram District; Remote; INR 350,000 - 500,000; Full time

Job summary

Axis Max Life Insurance Limited in Gurgaon is recruiting for Executive- Medical Underwriting. The role evaluates medical risks for life insurance applications, assesses adverse findings, and underwrites new and existing business.

The incumbent will review medical data, analyze test results and determine coverage decisions within policy limits, handling routine and renewal cases while coordinating with senior staff as needed.

Qualifications

• Graduate with 1+ year experience in Operations or related areas.
• MBBS / B.Sc (Hons) in Nursing / B.Pharm / BPT / Insurance preferred.
• Knowledge of GO/HO processes and strong analytical ability.

Responsibilities

• Assess medical risks for life insurance applications using age, occupation, medical history and financials.
• Evaluate risk for cases with adverse medical findings requiring expert decision.
• Review medical condition and analyze applicant test results.
• Underwrite new and existing life insurance business.
• Recommend, accept or reject cover within underwriting policy limits.
• Handle routine, non-routine and renewal cases.
• Refer difficult cases to superiors for guidance.
• Assess financial documents and summarize them clearly.

Skills

GO/HO process knowledge

Analytical skills

MS Office

MS Excel

MS PowerPoint

Education

MBBS

B.Sc Nursing

B.Pharm

BPT

Insurance Qualified

Job description

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

Executive- Medical Underwriting

No. Of Positions

Department

Operations Underwriting

Reporting to

Manager

Manager Band

5

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 1+ 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 at least 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