Chat us
Call us
The role is responsible for settlement of all claims for assigned verticals & to either process or repudiate as per set guidelines and close within defined TAT.
Job Context & Challenges:While the current market sees more than 15 non-life players in the private space and 5 exclusive private players in the health insurance space trying to capture a sizable market share, the nationalized service provider (6) remains a strong competitor. In addition to this the business dynamics are such that the overall market on an annual basis which is to the tune of roughly 10,000 Crs sees close to 85 % of the business renewing with the While the current market sees more than 15 non-life players in the private space and 5 exclusive private players in the health insurance space trying to capture a sizable market share, the nationalized service provider (6) remains a strong competitor. In addition to this the business dynamics are such that the overall market on an annual basis which is to the tune of roughly 10,000 Crs sees close to 85 % of the business renewing with the ABHI,s unique offering to market includes proposition includes -
A Comprehensive Incentivized Wellness Program that will attract the young and health conscious and will motivate, guide and reward them to stay healthy
A Chronic Care Management Program to cater to the unmet needs of a growing Indian population of those suffering from chronic lifestyle conditions like Diabetes, Asthma, High Cholesterol and Hypertension from Day 1
ABHICL serves as an enabler and influencer of health and healthcare choices that customers make, in addition to being a payer of healthcare expenses. Thus, ABHICL would act like a much needed catalyst to grow the prevalent health insurance landscape in India through product innovations and a wider choice of consumer relevant products.
ABHICL,s vision has always been digital. The company has been successful in adopting paper-less approach right from identifying to on-boarding to delivering seamless experience of its customers & employees.
Create, monitor and improve Innovative Claim Processes, SOPs, Protocols & implement the same for Claims Processed through In-house Team as well as Claims Processed through Partner TPAs
Ensuring that the team members are up-to speed in a short time frame and enhancing their Skills by Periodic Functional & Product Training Programs
System development & UAT, Claims: Indemnity & Fixed Benefit Products (Retail & Group)
Expectations management of the Claims team & TAT & expectations management for specialized business handling.
Claims decisions in adherence & compliance with the Claims guidelines, uniformity in decisions, and approval authority limits (In house and TPA claims)
Periodic Portfolio analysis & Maintain a consistent service delivery to ensure client retention and satisfaction
Minimise Loss Ratio & Monitor the Profitability of Portfolio
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Processing & Monitoring of Cashless Indemnity Claims | 1. Cashless Management 2. Appropriate & timely resolution of escalations 3. Monitor Claims Team Performance metrics 4. Measure Claims decisions: Quality & cashless TAT 5. Retrospective Claims Quality Analysis 6. Analyzing claims trends across various channels and providing feedback and recommendations to claims and underwriting via calling Intelligence 7. Team Management 8. Claim Ration 9. Management of Fraud and Abuses 10. Process Improvement 11. Knowledge of Insurance Law / Health products / Medical terms |
| KRA2 | Monitor Claims Team Performance metrics | Monitor Claims transactions, authority limits, TATs Appropriate & timely resolution of escalations Measure Claims decisions: Quality & TAT (in House & TPA processed Claims) Review of o/s Claims |
| KRA3 | Recommend empowerment for Claims Officers | Audit Training |
| KRA4 | Review the Claims guidelines v/s competition | Analyze business trends, recommend changes if any. Perform cost benefit analysis. |
Eligibility typically includes the qualifications and experience outlined in the job description above, with around 5-9 Years years of relevant experience expected for this role.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a DM-Ops-Claims (Hyderabad ) at Aditya Birla Group.
This role requires around 5-9 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.
Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.
You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.