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Basic Details: Fill the required information about business, unit, location, position, reports to position and date of updation of JD Business Health Insurance Unit Aditya Birla Health Insurance Company Ltd Location G Corp, Thane Poornata Position Number of the job Job Band 10 Reports to: Poornata Position Number Job Band - 8 Poornata Position Title of the job Reports to: Poornata Position Title Function Compliance Reports to: Function Legal, Risk & Compliance, Sec Department Legal, Risk & Compliance, Sec Reports to: Department Legal, Risk & Compliance, Sec Designation of the Employee Manager- Compliance Designation of the Manager AVP-Compliance Date of writing/updation of JD 12-March-2026 Job Purpose: Write the purpose for which the job exists (in 2-3 lines) This role is responsible for ensuring ensuring that ABHI operates in full compliance with IRDAI regulations & other applicable laws by implementing and overseeing a robust compliance management framework by proactively identifying, assessing and mitigating compliance.

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Dimensions: Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job.

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Business Workforce Number

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Direct – 2 Indirect – 3 (2025-26) to increase to 4 by 2026-27 Span of Operation Pan India – Board of Directors and Board Committees ABC Committees Budget Rs 4 Cr [SR1] Certification/ Legal/ Regulatory bodies IRDA (Insurance Regulatory and Development Authority) SEBI, RBI, FIU, General Council Certification bodies like BSI Information Technology act & privacy laws, PMLA Impact and Criticality of Role Non-conformance (If any) Highly critical and may lead to regulatory sanctions including cancellation of license for insurance business registered with the Authority.



This can have an impact on the other businesses of the group.

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Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section About The Health Insurance Industry – While the current market sees more than 21 private non-life players in the private space and 8 exclusive private players in the health insurance space trying to capture a sizable market share, the nationalized service provider (6) remains a robust competitor. In addition to this the business dynamics are such that the overall market on an annual basis which is to the tune of roughly 10,000 Crs sees close to 85 % of the business renewing with the existing service provider itself. This narrows down the opportunity of the fresh business actually being seriously fought in the market to approximately 1500 odd Crs. With the SME and the start-ups being the driving force of Indian economy, the opportunity to cater to these segments is immense and is increasing manifold year on year. The challenge here therefore remains as to how we capture a larger share of the opportunity by developing specific solutions to cater each segment of the business.



Also by creating an inexpensive and standardized solution to increase the reach into the pockets of channel partners across the country to harness on their captive business and explore new opportunities with them.

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Market

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Opportunities – With the advent of medical advancements, lifestyle changes, change in Indian socio-economic scenario and Indian healthcare space, and the insurers are facing challenges to cater to the needs of this diverse clientele.

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Increasingly

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Indian customers have started considering health insurance partners as extensions of health advisers. In this scenario it becomes extremely important to understand their psyche and then provide tailored solutions with wellness benefits which would help them meet their end objectives and bring in profitable revenue source for the company.

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About The Aditya Birla Health

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Insurance – Aditya Birla Health Insurance Co. Limited (“ABHICL”), is a collaboration between Aditya Birla Capital Ltd. (ABCL), holding company for the financial services businesses of the Aditya Birla Group and Momentum Group Ltd of South Africa. ABCL holds a 45.89% stake while Momentum Group Ltd holds 44.08% in ABHICL. ABHICL commenced its operations in October 2016 and is engaged in the business of health insurance. The company’s current product portfolio includes unique offerings including chronic care and incentivized wellness. Covering over 24 million lives, ABHICL has a nationwide distribution presence in over 5000 cities through branches and partner offices, 20 bancassurance partners and over 163,000 direct selling agents. ABHICL has scaled and diversified digitally enabled distribution, and bancassurance available through more than 224+ branches & over 67 digital partners, covering customers across the country through multiple contextual byte-sized and contextual products. ABHICL has enter

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📌 Compliance Manger-LCRS-Thane-10 (Georai)
🏢 Aditya Birla Capital
📍 Georai