Insurance Compliance Manager

1 day ago


Kannur, Kerala, India beBeeCompliance Full time ₹ 40,00,000 - ₹ 80,00,000

As a key team member, the Principal Officer plays a vital role in ensuring compliance and operational excellence.

Key Responsibilities
  • Supervise activities to ensure all personnel are trained, skilled, and knowledgeable in insurance products.
  • Manage applications for removal or addition of authorized personnel and verifiers.
  • Ensure strict adherence to IRDAI guidelines and regulations.
  • Submit timely material disclosures, regulatory returns, and information.
  • Confirm annual compliance certification for adherence to regulatory provisions.
  • Oversee insurance solicitation activities and ensure compliance requirements are met.
  • Act as Single Point of Contact for inspections and compliance-related matters.
  • Verify compliance of authorized personnel and ensure solicitation is carried out by authorized individuals.
  • Resolve customer grievances promptly within 14 days.

Qualifications & Requirements:

  • Bachelor's degree in any stream or professional qualifications (MBA, Actuaries) preferred.
  • Training and Certification:
    • 50 hours of training plus passing the prescribed IRDAI exam for non-professionals.
    • 25 hours of training plus exam for recognized professionals.
  • Meet additional regulatory requirements such as minimum capital, deposits, professional indemnity insurance, infrastructure, staffing, and fit & proper declaration.

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