Job Summary

The primary role of the customer service executive is to interact with customers on a recorded line to inform the product benefits in details and update customer information and to handle customer query concerns, answer their questions and assist them with their needs and maintain high level Quality during the interaction.

Dimensions

Important Parameters for the job:

- Knowledge of Health Insurance.
- Strong phone Communication skills contact handling skills and active listening.
- Familiarity with technical applications CRM practice.
- Ability to multitask, prioritize and manage time effectively.
- Customer orientation and ability to adapt/respond to different types of characters.

Job Context / Major Challenges

About the Health Insurance Industry While the current market sees more than 15 nonlife players in the private space and 5 exclusive private players in the health insurance space trying to capture a sizable market share, the nationalized service provider (6) remains a strong 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 startups 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 recent opportunities with them.

Market Opportunities With the advent of medical advancements, lifestyle changes, change in Indian socioeconomic scenario and Indian healthcare space,



and the insurers are facing challenges to cater to the needs of this diverse clientele.

Increasingly

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

Health insurance in India is a growing segment of India's economy. The Indian healthcare system is one of the largest in the world, with the number of people it concerns: nearly 1.3 billion potential beneficiaries.

The COVID19 outbreak has impacted the life businesses of all the individuals globally. The pandemic has increased the need for purchasing health insurance among customers to perceive better medical facilities healthcare treatments amidst the growing spread of coronavirus. Furthermore, there is rapid growth in hospitalization due to the COVID19 outbreak.

Therefore, health insurance claims have increased tremendously. In addition, the spread of this health crisis across the globe is one of the major reasons behind the increase in health insurance premium as the situation has laid an enormous pressure on the insurance companies in the market.

The health insurance industry has changed in terms of offering new products and is growing day by day in terms of generating revenue. Working from home and client interaction on video conferencing has become the new normal for an industry that relies on facetoface interaction before the COVID19 pandemic.

Pandemic disrupted the entire world and affected many industries. Request Now! The global health insurance market size was valued at trillion in 2020, and is projected to reach trillion by 2028, growing at a CAGR of 9.7% from 2021 to 2028.

Disclaimer: This has been sourced from a public domain and may have been modified by Naukri.com to improve clarity for our users. We encourage job seekers to verify all details directly with the employer via their official channels before applying.

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