Underwriter

ICICI Prudential Life; Mumbai Suburban; On-site; INR 550,000 - 900,000; Full time

Job summary

ICICI Prudential Life in India seeks an underwriting professional to conduct medical underwriting assessments for life insurance applications, considering age, health, occupation, and medical history.

You will evaluate policy issuance risks, develop expertise in term and whole life policies, ensure regulatory compliance, and collaborate with internal stakeholders to resolve complex underwriting issues.

Qualifications

• 1–5 years of experience in Life Insurance Underwriting (Medical Underwriting).
• Bachelor's or Master's in Pharmacy from a recognized institution.
• Strong understanding of insurance policies, claims processing and underwriting principles.

Responsibilities

• Conduct medical underwriting assessments for life insurance applications.
• Evaluate issuance risks by analyzing applicant data and determining coverage eligibility.
• Develop expertise in policy types (term life, whole life) and stay updated with industry trends.
• Ensure compliance with regulatory requirements and company guidelines.
• Collaborate with internal stakeholders to resolve underwriting issues and interpret policies.

Skills

Medical underwriting

Analytical skills

Attention to detail

Education

B.Pharm

M.Pharm

Job description

Roles and Responsibilities

• Conduct thorough medical underwriting assessments for life insurance applications, considering factors such as age, health status, occupation, and medical history.
• Evaluate policy issuance risks by analyzing applicant data and making informed decisions on coverage eligibility.
• Develop expertise in various types of policies (e.g., term life, whole life) and stay up-to-date with industry trends to improve underwriting skills.
• Ensure compliance with regulatory requirements and company guidelines throughout the underwriting process.
• Collaborate with internal stakeholders to resolve complex underwriting issues and provide guidance on policy interpretation.

Desired Candidate Profile

• 1-5 years of experience in Life Insurance Underwriting or related field (Medical Underwriting).
• Bachelor's degree in Pharmacy (B.Pharma) or Master's degree in Pharmacy (M.Pharma) from a recognized institution.
• Strong understanding of insurance policies, claims processing, and underwriting principles; ability to apply this knowledge effectively during assessments.
• Excellent analytical skills with attention to detail; ability to work independently with minimal supervision.