Executive - Medical Underwriting

Axis Max Life Insurance; Gurugram District; On-site; INR 500,000 - 800,000; Full time

Job summary

Axis Max Life Insurance is seeking an underwriting professional to appraise medical risks for life insurance applications, considering age, occupation, medical history, and financials. The role involves underwriting new and existing business and referring complex cases to seniors.

You will assess financial documents and summarize findings, handling routine and renewal cases while coordinating with internal and external stakeholders.

Qualifications

• Graduate with 1+ years of experience in Operations or related areas.
• MBBS / B.Sc (Hons) in Nursing/B.Pharm/BPT/Insurance Qualified preferred.

Responsibilities

• Appraise medical risks for life insurance applications based on age, occupation, medical history, and financials.
• Underwrite new and existing business within policy limits.
• Refer difficult cases to superiors.
• Assess financial documents and summarize them.
• Manage routine, non-routine, and renewal cases.
• Lead team and manage stakeholders to improve CSAT/DSAT.

Skills

Communication skills

GO/HO process knowledge

Eye for detail

Coordination skills

Analytical skills

Education

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

Graduate with 1+ years of experience in Operations or related areas

Tools

MS Office

MS Excel

MS PowerPoint

Job description

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 atleast 12 months in the current role & have
• minimum performance rating of G3M3

Knowledge and skills required:

• Strong communication skills
• Strong GO / HO process knowledge
• Eye for detail
• Good co-ordination skills
• Good Analytical Skills
• Computer knowledge (MS Office, MS Excel, MS Power Point) and Technical skills