Position Title : Assistant Vice President - Health Underwriting
Reports to : Chief Medical Officer & Head - Health Underwriting
Purpose of the Role: To lead health product team
Main Responsibility:
- Conduct market research/ market requirement study for products available in market in India and abroad
- Conduct detail comparisons on benefits, premium, terms and conditions of products available in market in India and abroad
- Coordination with Legal/ Compliance team for arranging the PMC meeting for product filing
Conducting PMC at beginning of financial year
a) Finalizing the annual product plan
b) Review of Health UW policy
- Drafting the F&U or UnF documents for the products
- Coordinating with Actuaries team for Technical Note and F&U or UnF updating and reviewing the same
- Coordinating with legal/ compliance team, UW team for signatures of CEO, AA and CCO on filing documents
- Sending the hard copies and soft copies of filing documents to IRDAI
- Sending the replies to IRDAI on the Queries raised post discussion with UW team, Claims team, Actuaries team, etc
- Coordination with Actuaries team for any Actuarial query raised by IRDAI
- Updating the documents as per Health Insurance Regulations, Protection of Policy Holder's Interest guidelines
- Sales team - Coordination with sales team for initial product ideas and go ahead on Product construct
- Corp-comm team - Coordination with Corp comm team for finalization of marketing materials/ collaterals
- Actuaries team - Coordination with Actuarial team for finalization of pricing
- Underwriting team - Coordination with Underwriting team for finalization of Underwriting Guidelines, Terms and Conditions
- Claims team - Coordination with Claims team for finalization of Claims procedure
- Legal/ Compliance team - Coordination with Legal/ Compliance team for vetting of documents
- E-comm team - Coordinating with E comm team for preparation of website contents of the product and uploading the documents on the company's website
- IT team - Preparation of BRD and coordination with IT team for system feasibility
- Product Innovation team - For Value added services/ features in the products
- Updating the ISO numbers on product collaterals
- Vetting of final product collaterals
- Sending the mail to IRDAI with final Policy Wordings and Prospectus with UIN, ISO No., product name and document name mentioned on each page
- Preparation of raters of the products
- Preparation of Product Presentation, Write ups
- Giving training to the team members and resolving queries about product specs
- Sending the launch mail to All FG/ specific team
- Sending the launch mail to IRDAI
- Conducting system UAT related to product features
- Checking and responding to mails on circulars/ guidelines received from IRDAI/ GIC
- Collecting and updating the details related to Audit (internal and external)
- Checking of RI draft slip as per terms and conditions of the product
- Creating Processes (SOP) in coordination with other teams
- Updating the product trackers
- Doing UAT of website content and documents uploading
- Coordinating with RI team (SCOR, Hannover Re etc) for final RI slip
- Providing data as required by IRDAI time to time (e.g. Updating list of all the new products introduced during the quarter, Product performance)
- Providing data as required by Compliance team time to time (e.g. Updating Public Disclosures of annual accounts on Website of the Company)
- Providing data as required by Generali time to time (e.g. Updating Health product library, GARO)
- Providing data on Products as required for Board Meeting/ Chairman's presentation
- Updating the Product Calendar on regular basis
- Uploading of UINs in BAP portal
- Coordinating with vendors for wellness
- Preparation of product related online quiz modules
Qualification and Experience Requirement:
Education:
Post Graduates in any stream or Medical graduates(BHMS,BAMS,BMS etc.)
Experience :
- 06 to 10 years experience in Health product development or health Underwriting.
- Earlier experience in filing of products with IRDA/ IRDA data maintenance etc.
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