Job Summary:
Overall legal and regulatory advisory Supporting insurance distribution partners Ad hoc projects in the Company Being updated with all legal and regulatory requirementsDraft, review and negotiations of vendor contractsData Privacy Compliance
Key Responsibilities:
1. Corporate Legal Advisory:
Provide comprehensive advisory on Insurance Act, IRDAI regulations, guidelines, and circulars, Contract Act, Company Law, FEMA, SEBI, RBI, IT Act, 2000, DPDP Act and related frameworks.Advise business teams on new initiatives, partnerships, fintech integrations, and market expansion strategies.Assess regulatory risks and provide legal opinions or position notes on product filings, marketing campaigns, operational queries, and new ventures. Lead legal input for strategic and transformation projects; review and finalize business risk notes.Draft/review representations to IRDAI, Life Council, and other regulators.Periodic updates to or creation of internal policies, SOPs, and customer journeys to align with evolving legal compliances, including aligning with data privacy obligations.
2. Distribution, Business Enablement & Stakeholder Collaboration:
Drafting, reviewing and negotiating vendor contracts and ancillary documents.Support legal structuring of customer journeys across digital and physical distribution models.Review and optimize existing journeys for legal and regulatory alignment without compromising customer experience.Participation in sandbox/innovation labs approved by IRDAI.Coordinate with external legal counsel for obtaining expert legal opinions and supporting the litigation team in advising in various customer and employee related matters.
3. Content & Communication Oversight:
Review all customer-facing communications (website content, marketing material, disclaimers, SMS/Email campaigns) for legal accuracy and compliance.Ensure all digital assets, platforms, and tools are compliant with applicable legal and regulatory norms for customers.
4. Operations, Regulatory Audit and Governance:
Provide cutting-edge legal support to operations, underwriting, customer service, and claims teams to enable seamless, compliant execution of business initiatives.Customer-centric legal advice and facilitate timely responses to operational queries with high-quality legal input.Drive initiatives to enhance efficiency, turnaround time, and responsiveness within the corporate advisory function.Provide training and awareness sessions for business and operational teams on regulatory and legal requirements.Draft, review, and finalize responses to IRDAI queries, inspections, show-cause notices, and circular representations
Minimum Requirements:
5+ years' experience in insurance industry and handling legal issues
LL.B. (Mandatory), LL.M/Company Secretary (Preferred)
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