Details of the Organization

Livlong Insurance Brokers Limited (“LIBL”) is an independent full-service insurance broking house in India promoted by first-generation entrepreneurs. It is part of IIFL Group and is a wholly owned subsidiary of IIFL Securities Limited. LIBL has been engaged in insurance product distribution for more than 16 years. It is registered with IRDA as a Direct (Life & General) Insurance Broker since November 27, 2008. LIBL is a one-stop solution for all your insurance requirements. They help you choose the right insurance plans for you and your family by comparing the features and pricing of plans across many Insurers. They are a leader in the distribution of life, health and general insurance and remain a leading player in retail and institutional space.

Details of the Job/Internship

Livlong Insurance is hiring for the position of Legal Compliance Manager with experience of 3+ years to join their Thane office.

Role and Responsibilities

• Regulatory Knowledge: Possess in-depth knowledge of the Insurance Act, IRDAI Regulations, Insurance Broker Regulations, and other rules or regulations as issued by the IRDAI and Health Regulators.
• Compliance Management: Oversee and manage compliance with insurance and healthcare-related laws and regulations, ensuring that the company remains fully compliant with all regulatory requirements.
• Legal Assistance: Assist in drafting, reviewing, and providing legal input on various matters, including contracts, insurance policies, communications, and correspondence related to compliance matters.
• Regulatory Filings: Prepare and file various regulatory forms, returns, and reports with IRDAI and/or Health Regulators, ensuring accuracy and timely submission.
• Stay Updated: Continuously monitor and stay up-to-date on changes in insurance, healthcare, and regulatory laws to advise on necessary policy and procedure updates.
• Audit Support: Collaborate with internal and external teams during audits to ensure that all compliance requirements are being met, addressing any issues or discrepancies as necessary.
• Training & Guidance: Guide internal stakeholders on compliance-related matters, educating and ensuring that company practices align with legal and regulatory standards.

Eligibility

• Minimum 3 years of experience working in insurance companies or insurance broking firms, specifically handling insurance compliance.
• Comprehensive understanding of the Insurance Act, IRDAI Regulations, and healthcare compliance frameworks.
• Strong legal research, drafting, and review skills, with the ability to interpret and apply complex regulatory materials.
• Experience in preparing and submitting regulatory filings, returns, and forms with the IRDAI or health regulators.
• Excellent communication skills and the ability to interact effectively with internal teams, regulators, and external stakeholders.
• A proactive and detail-oriented approach to work, with the ability to manage multiple priorities and deadlines.

Salary/Stipend

As per industry standards

Type of Opportunity

Fulltime

Country

India

State

Maharashtra

City

Thane

Address

IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane - 400 604

Application and Registration Details

After you apply, you will receive the next steps of the application process via email. 

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For any questions or concerns, please contact us via email at: [email protected].