he Insurance Officer is responsible for managing all insurance-related activities of the company, particularly machinery and equipment insurance. The role includes policy management, recent insurance arrangements, renewals, premium payments, claim processing, documentation, coordination with insurance companies, and ensuring that all company machinery and assets are adequately insured.

Key Roles & ResponsibilitiesA. Machinery Insurance Management

- Maintain a complete database of all company machinery, equipment and assets requiring insurance coverage.
- Arrange machinery insurance policies for newly purchased and installed equipment.
- Ensure that all machinery is covered under the appropriate insurance policy.
- Verify insured values, coverage limits, policy terms and exclusions.
- Monitor policy expiry dates and ensure timely renewals.
- Coordinate with insurance companies to obtain competitive premium quotations.
- Review insurance coverage periodically to avoid underinsurance or unnecessary coverage.
- Maintain insurance details for company-owned and customer-installed machinery, wherever applicable.

B. Insurance Policy & Documentation
- Maintain soft and hard copies of all insurance policies.
- Maintain policy numbers, insurance company details, premium amounts and validity periods.
- Collect invoices, purchase orders, asset details and other documents required for insurance.
- Prepare and maintain an insurance register.
- Verify policy documents after issuance and report any errors or discrepancies.
- Ensure all insurance documents are properly filed and updated.

C. Insurance Claim Management




- Coordinate with the concerned departments in case of machinery damage, breakdown, fire, theft or accidents.
- Immediately inform the insurance company about potential claims within the stipulated reporting period.
- Arrange photographs, videos, inspection reports and supporting documents.
- Coordinate with surveyors and insurance representatives during inspections.
- Prepare and submit claim applications with all necessary supporting documents.
- Follow up regularly on pending claims and settlement status.
- Coordinate with Accounts for claim receipts and settlement records.
- Maintain a record of approved, rejected and pending claims.

D. Coordination with Departments
- Coordinate with Purchase and Accounts for new machinery purchase details and insurance payments.
- Coordinate with Electrical, Installation and Maintenance Teams to collect machinery information.
- Obtain updates regarding machinery installation, relocation, damage and replacement.
- Inform management about upcoming renewals, claim issues and insurance risks.
- Ensure that relevant departments understand the insurance requirements and claim procedures.

E. Premium & Payment Management
- Obtain and compare insurance premium quotations.
- Prepare premium payment requests and submit them to Accounts.
- Follow up on pending premium payments.
- Verify premium receipts and policy issuance.
- Maintain a department-wise and asset-wise insurance expenditure record.

Pay: ₹20,000.00 - ₹25,000.00 per month

Benefits

- Cell phone reimbursement
- Food provided
- Internet reimbursement
- Life insurance
- Paid sick time
- Provident Fund

Work Location: In person

📌 Insurance Officer (Kochi)
🏢 GO EC Autotech
📍 Kochi