Life Insurance Policy Underwriter

Department Icon Insurance- Life Insurance
Posted: 1 year ago
0-1 years
Surat
Insurance- Life Insurance
Work From Office
Full Time
Upto ₹0 - ₹0

Posted: 1 year ago
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Posted over 15 days ago, so the role may have closed. Confirm on the employer's page when you apply, or see similar jobs.

Job Description

What role you will play in team: You will be a key member of our underwriting team, evaluating the risk associated with new life insurance applications to ensure the financial health of the company. You'll work within established guidelines and procedures.

What you will do: You'll analyze applications, verify information, assess medical history and lifestyle factors, and make informed decisions about risk. You'll communicate those decisions clearly and concisely.

Key responsibility:

  • Review and analyze life insurance applications, paying close attention to details.
  • Verify applicant information through various sources.
  • Assess health and lifestyle factors to determine risk.
  • Apply underwriting guidelines and regulations to each application.
  • Make informed decisions about policy approval or modifications.
  • Maintain accurate records and documentation for each application.
  • Communicate underwriting decisions effectively to stakeholders.

Required Qualification and Skills:

  • Bachelor's Degree in a relevant field (e.g. Statistics, Mathematics, Finance).
  • Knowledge of life insurance products and underwriting principles.
  • Strong analytical and decision-making skills.
  • Excellent attention to detail and accuracy.
  • Effective written and verbal communication.
  • Proficiency in relevant software and systems.

Benefits Included:

  • Competitive salary and benefits package.
  • Opportunities for professional development and career growth within LIC.
  • Stable and secure employment in a well-established organization.
  • Contribution to a vital national institution.

A Day in the Life: You'll spend your day reviewing life insurance applications, assessing risks, verifying information, applying underwriting guidelines, and making informed decisions. Accuracy and attention to detail are essential.

Skills

UnderwritingRisk AssessmentLife InsuranceData AnalysisCompliance

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About Company

Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment company. It is one of the largest insurance companies in India.

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