Team Leader - Employee Benefit| General Insurance

Team Leader - Employee Benefit

To ensure accurate and timely placement of insurance policies with insurers, negotiate terms, coordinate documentation, and support the servicing team in policy issuance and renewals.

*Key Responsibilities

·      Negotiations with insurance companies for policy lowest premium and best policy brokerage.

·      Compare quotations from multiple insurers.

·      Finalize the best terms, coverage, and premium as per client requirement.

·      Ensure proper placement slip preparation and submission.

·      Follow up with insurers for policy issuance within TAT.

·      Verify policy documents for coverage, sum insured, premium, clauses, endorsements.

·      Ensure error-free policy documentation before sending to client.

·      Maintain strong relationships with underwriters of insurance companies.

·      Negotiate for better premium and wider coverage.

·      Handle clarifications from insurers regarding risk details.

·      Maintain records of: Quotations, Placement slips, Proposal forms, Policy copies, Ensure compliance with IRDAI guidelines.

·      Track policy renewal dates - Collect renewal quotes from insurers.

·      Ensure timely renewal placement.

·      Work closely with: Sales team, Client servicing team, Claims team, Ensure smooth flow of information between insurer and client.

·      Maintain placement MIS reports.

·      Ensure documentation for audits and regulatory requirements.

*Key Skills Required

·      Knowledge of Employee Benefit products, Strong negotiation skills, Good communication with insurers, Attention to policy wording and coverage details, MS Excel & documentation management

*Qualification

·      Graduate (preferably Insurance / Commerce / Management), Certification like III / IRDAI training is an advantage.