2 - 5 years

2 - 5 Lacs

Posted:1 month ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Job Title:

Role Overview:

life cycle of MACT (Motor Accident Claims Tribunal) and WC (Workmen's Compensation) claims from start to finish.

Key Responsibilities:

  • Handle MACT and WC claims life cycle end to end, including claim review, timely referral of awards, compromise referrals, payment release, and coordination with advocates for settlements and defenses.
  • Issue a clear line of action for claims and ensure all steps are taken to achieve favorable outcomes.
  • Attend court hearings to lead evidences and take necessary steps to secure Exonerations for the organization.
  • Travel for settlement discussions and advocate performance reviews, ensuring optimal claim resolutions.
  • Review claims cases, categorize them into defense and compromise categories, and maintain appropriate reserves.
  • Aim to settle cases promptly after thorough review and analysis to mitigate potential losses.
  • Maintain and report monthly closure data for the assigned location, ensuring timely resolution and tracking of ongoing claims.

Skills & Qualifications:

  • Bachelors degree in Law (LLB); additional certifications in insurance law or related fields will be an advantage.
  • Minimum of 5 years of experience in handling legal claims within the General Insurance industry, with

    strong expertise in MACT and WC claims.

  • Thorough understanding of insurance regulations, claim processes, and legal proceedings.
  • Proven experience in attending court hearings, leading evidence presentation, and coordinating settlements.
  • Ability to travel for settlements and performance reviews as required.
  • Strong analytical and negotiation skills, with the ability to categorize claims and make timely decisions.
  • Proficiency in MS Office, with excellent reporting and communication skills.

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Tata AIG General Insurance Company logo
Tata AIG General Insurance Company

Insurance

Mumbai

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