Company Description Universal Sompo General Insurance Co. Ltd. is a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and global insurer SOMPO. Headquartered in Mumbai, the company operates through 181 offices nationwide with a strong distribution network including agents, bank branches, and digital platforms. Universal Sompo offers a comprehensive range of 234 IRDAI-approved insurance products and maintains a Claims settlement ratio of 98.87%. The company leverages robust technology to serve its customers effectively across the country. Role Description This is a full-time on-site Apprentice role located in Thane. The Apprentice will assist with various administrative and operational tasks, support the team in conducting research and analysis, and contribute to projects related to insurance products and services. The Apprentice may also engage with customers, respond to inquiries, and help maintain accurate records and documentation. This role provides an opportunity to gain hands-on experience in the insurance industry and develop professional skills. Qualifications Strong communication and interpersonal skills Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) Attention to detail and organizational skills Ability to work independently and as part of a team Basic understanding of insurance products and services is a plus Ability to adapt to a dynamic work environment Relevant internship or work experience is beneficial Bachelor's degree or pursuing a degree in Business, Finance, or a related field Show more Show less

Purpose of the Role: The Head of People Business Partner is responsible for transforming and embedding organization’s culture. Champion the company’s values through strong leadership and inspirational behaviour. The incumbent reports to the Chief People Officer and leads implementation of USGI’s strategy to develop, engage and retain talent and employee-oriented, high-performance culture that emphasizes excellence and collaboration. Manages the development of new people-related systems, processes, and metrics that support the achievement of the organization’s business goals and strategic objectives. The Role : The successful incumbent is responsible for establishing policies and best practices for the organization, administering benefits and leading the People Business Partner team across all India locations. This role is critical in driving our people strategy, fostering a high-performance culture, and ensuring alignment between business objectives and people initiatives. The individual should exhibit excellent leadership skills, and a passion for developing and empowering teams. Key Responsibilities: Strategic Leadership : Develop and implement people strategies that support the overall business goals and drive organizational effectiveness. Business Partnership : Act as a trusted advisor to senior leadership, providing insights and guidance on people-related matters. People Leadership : Lead, mentor, and develop a team of People Business Partners, ensuring they are equipped to support their respective business units. Talent Management: Oversee talent acquisition, development, and retention strategies to ensure the organization attracts and retains top talent. Employee Engagement & Culture assimilation : Drive initiatives to enhance employee engagement, satisfaction, and overall workplace culture. Performance Management : Implement and manage performance management processes to ensure alignment with business objectives and employee development. Employee Relations : Proactively attend to employee relations, grievance management and other people matters. Change Management : Lead and support organizational change initiatives, ensuring smooth transitions and minimal disruption. Other P&C-related tasks and initiatives as may be assigned from time to time. Key Performance Indicators: Workforce Planning Effectiveness : Alignment of workforce strategy with business goals. Forecast accuracy for talent needs Employee Engagement Scores : Track employee satisfaction and engagement through surveys and feedback mechanisms. Leadership Development & Succession Planning : % of leadership roles with ready successors. Learning and Development Participation : Track the participation rate in training and development programs. Diversity and Inclusion Metrics : Measure the effectiveness of diversity and inclusion initiatives within the organization. Employee Retention Rate: Measure the percentage of employees who remain with the company over a specified period. Qualifications: Professional with 10+ years of progressive People, Culture and Capability /organization development experience. Deep and broad understanding of People practices, recruitment and selection, employee relations, compensation, and benefits. Demonstrated ability to think creatively and collaboratively about staff development and training. Ability to influence and build credibility at all levels and establish collaborative working relationships. Show more Show less

Job Title: Total Rewards Manager Location: Airoli Role Summary: We are looking for a passionate and analytical Total Rewards professional to join our People, Culture & Capability Team. The role will support the design, execution, and governance of compensation and benefits programs, ensuring alignment with Universal Sompo’s people strategy, regulatory guidelines, and market benchmarks. This role offers the opportunity to work closely with senior leadership and contribute to shaping the organization’s rewards philosophy. Key Responsibilities: 1. Compensation Management: Support annual compensation review cycles (merit increases, bonuses, and promotions). Conduct market benchmarking and salary survey participation. Analyse internal compensation data and provide insights for pay parity and competitiveness. Support development of salary structures, pay ranges, and job evaluations. Support in monthly payroll activities Ensure compliance with statutory benefits. E.g. PF, PT, ESIC, LWF 2. Benefits & Wellness: Assist in designing and managing employee benefits programs (insurance, wellness, retirement). Evaluate benefit vendors and ensure cost-efficiency and employee satisfaction Support in execution and awareness of wellness campaigns and employee communication Assist in finalizing insurer for GHI, GPA and GTL 3. Performance & Rewards Analytics: Maintain dashboards and provide insights on compensation, attrition, performance vs. rewards. Work closely with BPs to provide customized solutions based on business needs. 4. Compliance & Governance: Ensure reward practices comply with internal policies and IRDAI/SEBI regulations. Prepare materials for NRC and Board presentations related to rewards, if required. Support in compensation disclosures and audit-related activities. Assist in closure of notices from Labour department 5. Special Projects: Assist in rollout of new Total Rewards programs and technology implementations. Participate in organizational design, career level framework, and EVP building initiatives. Required Qualifications & Experience: MBA/PGDM in HR or related field. 3–6 years of relevant experience in Total Rewards, C&B, or HR Analytics. Strong Excel and PowerPoint skills Working knowledge of regulatory guidelines (IRDAI/SEBI/Companies Act) is desirable. Ability to manage multiple stakeholders and deliver high-quality outputs. Key Competencies: Analytical mindset with strong attention to detail. High integrity and ability to handle confidential data. Stakeholder management and communication skills. Passion for data-driven HR and continuous improvement.

As a Total Rewards Manager at our Airoli location, you will play a crucial role in supporting the design, execution, and governance of compensation and benefits programs. Your responsibilities will include overseeing the annual compensation review cycles, conducting market benchmarking, managing employee benefits programs, and ensuring compliance with statutory benefits such as PF, PT, ESIC, and LWF. Additionally, you will be involved in evaluating benefit vendors for cost-efficiency and employee satisfaction, executing wellness campaigns, and providing insights on compensation, attrition, performance vs. rewards through analytics. Your role will also encompass ensuring compliance with internal policies and regulatory guidelines, preparing materials for NRC and Board presentations, and supporting in compensation disclosures and audit-related activities. Furthermore, you will have the opportunity to contribute to special projects by assisting in the rollout of new Total Rewards programs and technology implementations, as well as participating in organizational design, career level framework, and EVP building initiatives. To qualify for this role, you should hold an MBA/PGDM in HR or a related field with at least 3-6 years of relevant experience in Total Rewards, C&B, or HR Analytics. Strong Excel and PowerPoint skills are essential, and a working knowledge of regulatory guidelines such as IRDAI/SEBI/Companies Act is desirable. You should possess an analytical mindset with a keen attention to detail, high integrity to handle confidential data, effective stakeholder management and communication skills, and a passion for data-driven HR and continuous improvement. Join us and be part of a dynamic team that values your expertise and contribution to shaping our organization's rewards philosophy.,

Universal Sompo General Insurance Co. Ltd. is a reputable joint venture comprising Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and the global insurer SOMPO. The company is headquartered in Mumbai and has established a strong presence with 181 offices across the nation. It boasts a wide distribution network encompassing Agents, Point of salespersons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres, and Digital Platforms. Universal Sompo is recognized for its advanced technology and offers a comprehensive range of 234 IRDAI-approved products and 1494 Add-on covers. The company maintains an impressive claims settlement ratio of 98.87% and showcases financial robustness through its substantial assets and solvency ratio. This full-time on-site role is situated in Chennai, Salem, Mysore, Trichy, Pondicherry, Bangalore Cochin within the Agency Department - Retail Health division. As part of this role, you will be responsible for managing and supporting the retail health insurance portfolio, cultivating and nurturing relationships with agents and various distribution channels, and meeting sales targets. Additionally, you will oversee policy administration, ensure adherence to company policies, and deliver exceptional customer service by efficiently handling and resolving claims. To excel in this role, you should possess knowledge and experience in insurance product management and retail health insurance. Strong competencies in sales, marketing, and business development are essential, along with proficiency in policy administration, claim handling, and resolution. Effective communication and relationship-building skills are crucial, as is the ability to collaborate within a team and manage multiple stakeholders. Expertise in Agent recruitment is required, and a relevant degree in Business, Finance, Insurance, or a related field is preferred. Prior experience in the insurance industry would be advantageous for this role.,

Universal Sompo General Insurance Co. Ltd. is a prominent joint venture company involving Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and the global insurer SOMPO. The company is headquartered in Mumbai and has established a strong presence with 181 offices across the nation. It has an extensive distribution network through various channels such as Agents, Point of Salespersons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres, and Digital Platforms. Universal Sompo is recognized for its advanced technology and offers a wide range of 234 IRDAI-approved products with 1494 Add-on covers, maintaining an impressive claims settlement ratio of 98.87%. The company showcases its financial robustness through its substantial assets and solvency ratio. This full-time on-site role is situated in Chennai, Salem, Mysore, Trichy, Pondicherry, Bangalore Cochin within the Agency Department - Retail Health division. The key duties involve managing and supporting the retail health insurance portfolio, fostering relationships with agents and other distribution channels, and meeting sales targets. The position also entails supervising policy administration, ensuring adherence to company policies, and delivering exceptional customer service through efficient claim handling and resolution. The ideal candidate should possess knowledge and experience in insurance product management and retail health insurance. Strong competencies in sales, marketing, and business development are essential. Proficiency in policy administration, claim handling, and resolution is required. Excellent communication and relationship-building skills are crucial for this role. The candidate should be adept at working collaboratively in a team environment and managing multiple stakeholders. Expertise in Agent recruitment is a key requirement. A relevant degree in Business, Finance, Insurance, or a related field is preferred, and prior experience in the insurance industry is highly advantageous.,