Insurance Placement Specialist

21 hours ago


Delhi, Delhi, India Anand Rathi Insurance Brokers Ltd Full time
Job Description

The Insurance Placement Specialist role is a vital part of our team at Anand Rathi Insurance Brokers Ltd.

Job Summary

We are seeking an experienced and skilled Insurance Placement Specialist to join our team. The successful candidate will be responsible for effectively managing the placement process for insurance policies, analyzing clients' risk profiles, and recommending suitable insurance products.

Key Responsibilities
  • Insurance Product Analysis and Selection: Assess clients' risk profiles and insurance needs to determine the appropriate insurance products. Analyze various insurance products available in the market and recommend the most suitable ones for clients.
  • Negotiation and Terms Agreement: Negotiate policy terms, coverage, and premiums with insurance underwriters to ensure optimal terms for clients. Collaborate with insurers to negotiate policy conditions that meet clients' requirements while adhering to compliance and regulations.
  • Policy Placement and Issuance: Facilitate the smooth placement and issuance of insurance policies for clients. Coordinate with internal departments to ensure accurate policy issuance and timely delivery to clients.
  • Client Engagement and Education: Engage with clients to provide updates on policy placements and ensure they understand the terms and conditions of their insurance coverage. Educate clients on policy features, benefits, and coverage details.
  • Market Research and Trends Monitoring: Stay updated on market trends, insurance products, and industry developments to offer informed recommendations to clients. Conduct market research to identify emerging insurance products and assess their suitability for clients.
Requirements
  • Bachelor's degree in a related field (e.g., insurance, business, finance)
  • Minimum 3-5 years of experience in insurance placement or a related field
  • Strong knowledge of insurance products and regulations
  • Excellent communication and negotiation skills
  • Ability to work in a fast-paced environment and prioritize tasks effectively
Salary Information

The estimated salary range for this position is ₹750,000 - ₹1,200,000 per annum, depending on experience and qualifications.



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