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Job Description
What role you will play in team: You will be responsible for ensuring smooth and efficient operations related to policy administration, ensuring timely and accurate processing of policy-related tasks.
What you will do: You will handle policy issuance, renewals, changes, and cancellations, maintaining high accuracy and adhering to strict regulatory guidelines.
Key responsibility:
- Process new life insurance policies, ensuring all documentation is complete and accurate.
- Handle policy renewals, including premium collection and updates.
- Process policy changes, including address changes, beneficiary updates, and other modifications.
- Process policy cancellations and handle related paperwork.
- Maintain accurate records of all policy transactions and communications.
- Respond to policyholder inquiries and resolve issues efficiently.
- Ensure compliance with all regulatory requirements.
Required Qualification and Skills:
- Bachelor's degree or equivalent experience.
- Experience in life insurance policy operations (preferred).
- Strong attention to detail and accuracy.
- Excellent organizational and time management skills.
- Proficiency in using policy administration systems.
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- Ability to work independently and as part of a team.
Benefits Included:
- Competitive salary and benefits package.
- Opportunities for professional development and advancement.
- Positive and supportive work environment.
- Health insurance, paid time off, and other employee benefits.
A Day in the Life: A typical day involves processing policy changes, responding to customer inquiries, and maintaining accurate policy records.
Skills
Policy AdministrationPolicy OperationsData EntryCustomer ServiceIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
About Company
Genpact was founded in 1997 as a unit of General Electric. The company was founded as GE Capital International Services (GECIS) in New Delhi. Starting with 20 employees under the leadership of CEO Pramod Bhasin, its charter was to provide business process outsourcing solutions to GE's businesses. In the beginning, GECIS created processes for outsourcing back-office activities for GE Capital such as processing car loans and credit card transactions. It was an experimental concept at the time and the beginning of the Business-Process-Outsourcing (BPO) industry.
One year after its launch, GECIS employed about 800 people and generated revenues of US$4 million. By 2001, GECIS operations had grown to 12,000 employees and the company began to manage a wide range of processes across GE's financial services and manufacturing businesses. Jack Welsh, CEO of GE at the time, said that GECIS was a key driver of GE’s growth between 1998 and 2001, and was responsible for reducing operating costs by approximately US$1 billion.
In 2003, GE reduced its stake in GECIS to 40% and sold the remainder to two American private equity firms. At the time of the sale, GECIS employed around 13,000 people in India and 4,000 people in the US, China, Hungary and Mexico, providing a range of solutions in areas such as finance and accounting, insurance claim processing, IT management and technical support.
By 2004, GECIS oversaw around 700 business processes for GE that had migrated from the US to India, generating revenues of US$426 million.
Important dates & deadlines?
Application Deadline
23 Jun 25, 11:45 AM IST
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