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

Mumbai

Poornata Position Number of the job

Reports to: Poornata Position Number

Poornata Position Title of the job

Reports to: Poornata Position Title

Function

Services Operations

Reports to: Function

Financial Service Operations

Department

Group Pricing

Reports to: Department

Group Pricing

Designation of the Employee

Team Member – Group Pricing

Designation of the Manager

Lead Group Underwriting

Job Purpose: Write the purpose for which the job exists (in 2-3 lines)

The purpose of this role is lead the team to assess, evaluate and accept risk based on evidence submitted and to ensure that the same is executed within the risk acceptance parameters as defined.

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.

No.



of quotes in a day

20-25

Underwriting Authority

Upto INR 5 Crore

TAT

2 working days

Conversion rate

5%

Retention rate

60%

U/W Authority of LR

100%

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 15 non-life 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 solid 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 busines

📌 Team Member Group Pricing (India)
🏢 Aditya Birla Capital
📍 India