Product Head-Life Insurance , NBFC Gurgaon Full-time Job10 months ago - NBFC - Gurgaon - 36 views
Roles and Responsibilities
Job Title Product Head, Life Insurance
Grade A4 A3
Designation – Vice President to Senior Vice President
Location – Delhi, NCR
Reports to – National Head,
Solutions Span Of Control – 06 - 10 direct reportees
Job Purpose – The purpose of this role is to ensure the target revenue from the life insurance products is met by driving the product sales with the sales force and ensure that the growth in absolute revenues exceeds targets. The role incumbent is expected to lead and establish the life insurance products strategy and deployment for performance and operational efficiency.
Key Job Responsibilities
Ensuring target revenues from life insurance products is met Ensure continuous increase wallet share of LI products by driving participation from relationship managers, attending joint calls and providing support to the sales team Create bundle offering comprising of different types of LI products to upscale the wallet share for company clients and envisage product ideas based on analytics and market opportunities Increase the LI revenue generated through solutions by understanding the client preferences and creating bundle offerings that will compliment sales of various types of LI products in the bundle Drive and increase LI revenues through negotiating for higher margins b through negotiating for higher margins by increasing the bps per LI product from product manufacturers and negotiate with insurance companies for best policy terms and conditions Increase LI revenues by increasing margins from clients across LI offerings through solutions and inclusion of higher margin products from the approved product offering list Ensure revenue realisation for all transactions by following up with the product manufacturers and the clients Establishing products communication framework for internal teams and clients Drive business by drafting and launching contest on a regular basis Working closely with the digital team in co creating the online communication
Desired Candidate Profile
Perks and Benefits
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