Details of the Organization

Axis Max Life Insurance Limited, earlier known as Max Life Insurance Company Limited, is a joint venture between Max Financial Services Limited and Axis Bank Limited.

Details of the Job/Internship

Axis Max Life Insurance Limited is hiring a Deputy Manager – Legal to join its office in Gurugram. The role involves providing overall legal and regulatory advisory, supporting insurance distribution partners, handling ad hoc company projects, drafting and negotiating vendor contracts, ensuring data privacy compliance, and staying updated with evolving legal and regulatory requirements.

Role and Responsibilities

• Providing legal advisory on the Insurance Act, IRDAI regulations, guidelines and circulars, Contract Act, Company Law, FEMA, SEBI, RBI regulations, IT Act, 2000, DPDP Act, and related frameworks.
• Advising business teams on new initiatives, partnerships, fintech integrations, and market expansion strategies.
• Assessing regulatory risks and preparing legal opinions and position notes on product filings, marketing campaigns, operational matters, and new ventures.
• Leading legal inputs for strategic and transformation projects, including review and finalisation of business risk notes.
• Drafting and reviewing representations to IRDAI, Life Council, and other regulators.
• Creating and updating internal policies, SOPs, and customer journeys to align with evolving legal and data privacy requirements.
• Drafting, reviewing, and negotiating vendor contracts and ancillary documents.
• Supporting legal structuring of customer journeys across digital and physical distribution models.
• Reviewing and optimising customer journeys for legal and regulatory compliance.
• Participating in IRDAI-approved sandbox and innovation initiatives.
• Coordinating with external legal counsel for expert opinions and supporting litigation teams in customer and employee-related matters.
• Reviewing customer-facing communications, including website content, marketing material, disclaimers, and SMS or email campaigns, for legal compliance.
• Ensuring compliance of digital assets, platforms, and tools with applicable legal and regulatory norms.
• Providing legal support to operations, underwriting, customer service, and claims teams.
• Facilitating timely and customer-centric responses to operational legal queries.
• Driving efficiency and turnaround time improvements within the corporate advisory function.
• Conducting training and awareness sessions on legal and regulatory requirements.
• Drafting, reviewing, and finalising responses to IRDAI queries, inspections, show-cause notices, and regulatory communications.

Eligibility

• Minimum 5 years of experience in the insurance industry handling legal matters.
• LL.B. is mandatory.
• LL.M. or Company Secretary qualification is preferred.

Salary/Stipend

Compensation details will be finalized during the interview process with the selected candidate.

Type of Opportunity

Fulltime

Country

India

State

Haryana

Address

Gurugram, Haryana, India.

Application and Registration Details

We are solely providing this information for dissemination and wish to clarify that we are not affiliated with the organization.

After you submit your application, you will receive the next steps in the process via email. Please follow the instructions provided to complete your application. 

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