This vacancy is for leading Life Insurance Company supported by India's biggest PSU bank. This will be for Banca Channel.
Responsibilities
- Bancassurance Sales Strategy: Develop and implement a comprehensive sales strategy for the Bancassurance channel in alignment with the company's overall sales objectives
- Set ambitious sales targets and develop plans to achieve them
- Relationship Management: Build and maintain strong relationships with partner banks, including key decision-makers and stakeholders
- Collaborate with bank representatives to understand their business goals, customer needs, and market dynamics
- Work closely with the bank's sales teams to train, motivate, and support them in promoting insurance products to their customers
- Monitor market trends, competitor activities, and customer preferences to identify sales opportunities and adapt sales strategies accordingly
- Collaborate with the marketing team to develop and implement promotional campaigns and sales support materials
- Product Knowledge and Training: Stay updated on insurance products, industry trends, and regulatory requirements
- Provide training and product knowledge sessions to bank employees to enhance their understanding of insurance offerings and enable effective cross-selling
- Sales Performance Analysis: Analyze sales data, performance metrics, and key performance indicators (KPIs) to evaluate the effectiveness of sales strategies and activities
- Identify areas of improvement and implement corrective actions to achieve sales targets
- Compliance and Risk Management: Ensure compliance with regulatory requirements, internal policies, and industry standards
- Stay updated on insurance laws and regulations affecting the Bancassurance channel
- Implement effective risk management practices to mitigate operational and compliance risks associated with sales activities
- Relationship with Insurance Providers: Foster strong relationships with insurance providers and underwriter
Qualifications
UG: Any Graduate
PG: Any Postgraduate
Skills: sales,insurance,bancassurance,compliance,product knowledge,regulatory requirements,sales strategy
