Group Insurance Manager Jobs in Chennai Insurance Company
⚡ Urgent Requirement🏢 Chennai Insurance Industry - Where to Find These Jobs
Chennai is one of India's most important insurance industry cities, home to Star Health and Allied Insurance (India's largest standalone health insurer), regional offices of all major life and general insurers, and a large insurance operations workforce. The city employs over 1.5 lakh insurance professionals across sales, operations, claims, underwriting, and technology.
Anna Salai, T. Nagar, Nungambakkam, and Guindy are the primary insurance employment zones in Chennai. Key private sector employers include Star Health Insurance, HDFC Life, ICICI Prudential Life, SBI Life, Bajaj Allianz Life, Tata AIA, Max Life Insurance, HDFC ERGO, ICICI Lombard, and Bajaj Allianz General Insurance.
📋 Job Description
Jobzi is sourcing qualified candidates for Group Insurance Manager positions in Chennai insurance companies. This role is with a leading private sector life insurer, general insurer, or health insurance company in Chennai. You will be part of India's growing insurance industry with strong career growth and competitive compensation.
📌 Key Responsibilities
- Acquire and manage corporate accounts for group life, group health, and group accident insurance policies
- Build and maintain relationships with HR managers, CFOs, and procurement heads of corporate clients
- Prepare group insurance proposals, pricing sheets, and benefit design options for corporate RFPs
- Coordinate with underwriting team for risk assessment and competitive pricing of group proposals
- Manage renewal of existing corporate accounts and negotiate terms for policy continuity
- Handle group claim coordination for hospitalization, death, and disability claims of corporate employees
- Achieve monthly and quarterly group premium targets across assigned corporate territory in Chennai
🎓 Qualifications and Requirements
- MBA or any graduate with 5-10 years of corporate/group insurance sales experience
- Deep knowledge of group life, group health, and GTLA (Group Term Life Assurance) products
- Experience dealing with HR, Finance, and procurement decision-makers at corporate accounts
- Ability to prepare and present group insurance proposals and cost-benefit analysis to corporate clients
- Valid IRDAI license for relevant insurance category
- Strong negotiation and relationship management skills for large account retention
- Knowledge of IRDAI group insurance guidelines and corporate health policy design
✅ Required Skills
🏆 Certifications Valued
IRDAI Insurance Agent License, POSP Certificate, IRDA Composite License, NISM Series certifications, IC-33 (Life Insurance), IC-38 (General Insurance), IC-57 (Health Insurance), Licentiate / Associate / Fellow of Insurance Institute of India (III)
❓ Frequently Asked Questions
Which areas in Chennai have the most insurance company jobs?
Anna Salai (Mount Road), T. Nagar, Nungambakkam, Thousand Lights, and Guindy are Chennai's primary insurance employment zones. Star Health Insurance's headquarters in Nungambakkam is one of the largest single insurance employers. T. Nagar hosts branch offices of nearly every major insurer.
What is the average insurance company salary in Chennai in 2026?
Insurance salaries in Chennai range from Rs.15,000 for entry-level policy servicing roles to Rs.1,50,000+ for senior managers in underwriting, product, and medical affairs. Sales professionals with good incentive achievement earn Rs.60,000 - Rs.2,00,000 total monthly compensation.
What IRDAI certifications are required for insurance jobs in Chennai?
IRDAI agent license (IC-33 for life, IC-38 for general) is mandatory for field sales and advisory roles. The Insurance Institute of India offers Licentiate, Associate, and Fellowship qualifications valued for underwriting, claims, and senior roles. POSP certificate is required for point-of-sales person roles.
What is a Group Insurance Manager role in Chennai?
Group Insurance Managers at Chennai insurance companies manage B2B corporate accounts for group health, group life, and group accident policies covering employee benefits. They work with HR managers and procurement teams of IT companies, manufacturers, and large employers in Chennai to design and price group insurance programs.
What is the salary for Group Insurance Manager in Chennai in 2026?
Group Insurance Managers with 5-10 years corporate insurance experience earn Rs.45,000 - Rs.1,12,000 per month in Chennai with significant variable incentives on new business premium. Chennai's large IT and manufacturing corporate base creates strong demand for group insurance professionals.
Which Chennai corporates are major group insurance buyers?
Chennai's IT companies on OMR (TCS, Infosys, Wipro), manufacturing companies in Oragadam and Sriperumbudur (Hyundai, Saint-Gobain, Samsung), healthcare networks, and large retail/logistics companies are significant group health and life insurance buyers. Star Health, HDFC ERGO, and ICICI Lombard are major group health providers in Chennai.
What is the salary for Group Insurance Manager in Chennai 2026?
A Group Insurance Manager in Chennai earns between Rs.44,000 and Rs.1,11,000 per month in June 2026, depending on experience, insurer, and performance.
What experience is required for Group Insurance Manager jobs in Chennai?
5 - 10 Years of relevant experience is required for Group Insurance Manager roles in Chennai insurance companies. Domain knowledge of insurance products and IRDAI regulations is strongly valued.