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Executive - Medical Underwriting - Max Life Insurance

By: Pharma Jobs | Views: 2435 | Date: 03-Mar-2013

Max Life Insurance, the largest* non-bank private life insurer, is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd.Max India is a leading Indian multi-business corporate, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is currently amongst the top 10 general insurers in the world. Max Life Insurance offers comprehensive life insurance and retirement solutions for long-term savings and protection. A financially stable company with sound investment expe

Executive - Medical Underwriting - Max Life Insurance
Max Life Insurance

Max Life Insurance, the largest* non-bank private life insurer, is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd.

Max India is a leading Indian multi-business corporate, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is currently amongst the top 10 general insurers in the world. Max Life Insurance offers comprehensive life insurance and retirement solutions for long-term savings and protection. A financially stable company with sound investment expertise, Max Life Insurance has a strong customer-centric approach focused on advice based sales and quality service. In the financial year 2011-12 Max Life Insurance ranked fourth among private life insurers with a market share of 8.6%. The Company has been one of the fastest growing life insurance companies with total revenue of Rs.6,391 crore and enterprise profit of Rs.733 crore for the Financial Year 2011-12. The Company's share capital of Rs. 2,127 crore with a solvency margin of 534% is indicative of its financial strength and stability. As on 31st March 2012, Max Life Insurance had assets under management of Rs.17,215 crore.

Vision - To become the most admired Life Insurance Company in India for all stakeholders.

Mission - * Amongst top 5 private life insurance companies by profitable new business sales * National Player* Brand of choice* Employer of Choice* Principal of Choice for Distribution & Suppliers

*Basis Individual adjusted first year premium FY 2012
Designation Executive - Medical Underwriting - 4 Opening(s)
Job Description Appraise medical risks for life insurance application

o Using factors such as age, occupation, medical history, financial standing and other relevant conditions that determine insurability

o Appraise level of risk involved in applications with adverse medical findings and where medical opinion or decision is necessary for acceptance/rejection of insurance coverage

o Evaluate medical condition and analyze the test results of the applicants

o Underwrite new and existing business.

Recommend, accept, reject insurance coverage within limits set in the underwriting policy

o Handle routine and non-routine and renewal cases

Refer difficult cases to superiors

o Check policy documents

o Deal with some non-standard proposals directly

o Conduct audits on underwriting files to ensure standards are met.

o Ensure underwriting decisions are communication to Agency and customers in a timely and effective manner

Desired Profile Please refer to the Job description above
Experience 0 - 3 Years
Industry Type Insurance
Role Underwriter
Functional Area Financial Services, Banking, Investments, Insurance
Education UG - B.Pharma - Pharmacy, BDS - Dentistry, BHM - Hotel Management, MBBS - Medicine
PG - Any Postgraduate - Any Specialization, Post Graduation Not Required
DOCTORATE - Any Doctorate - Any Specialization, Doctorate Not Required
Compensation: INR 2,00,000 - 3,00,000 P.A
Location Gurgaon
Keywords Medical Underwriting, Operations, Risk Assessment
Contact Kanika Saxena
Max Life Insurance Company Limited
Website www.maxlifeinsurance.com
Job Posted 05 Feb
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