Team leader - Employee Benefit (GI) | Pune

Team Leader - Employee Benefit

Accurate Risk Managers & Insurance Brokers

Location : Pune

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.