Insurance Manger

Tips: Provide a summary of the role, what success in the position looks like, and how this role fits into the organization overall.

Responsibilities

•          Sales Generation: Actively prospect for new clients through various lead generation activities, including networking, referrals, cold calling, and leveraging digital platforms.

•          Client Consultation: Conduct thorough needs assessments to understand clients' insurance requirements and financial situations.

•          Product Knowledge: Develop and maintain a comprehensive understanding of all insurance products offered by the company, including their features, benefits, and limitations.

•          Customized Solutions: Recommend and sell appropriate insurance policies to meet individual and business clients' needs, ensuring they understand the coverage and terms.

•          Quotation and Proposal Generation: Prepare accurate and competitive insurance quotes and proposals.

•          Policy Application and Processing: Guide clients through the application process, ensuring all necessary documentation is completed accurately and submitted in a timely manner.  

•          Client Relationship Management: Build and maintain strong, long-lasting relationships with clients, acting as their trusted advisor for all their insurance needs.

•          Policy Servicing: Provide ongoing support to clients, including assisting with policy renewals, endorsements, and claims processes.

•          Sales Targets and Reporting: Achieve and exceed sales targets as set by the company. Maintain accurate sales records and provide regular reports on sales activities and progress.

•          Industry Knowledge: Stay updated on industry trends, competitor activities, and new insurance products and regulations.

•          Compliance: Adhere to all company policies, procedures, and regulatory requirements.

•          Networking: Actively participate in networking events and build relationships with potential referral sources.

•          Continuous Learning: Participate in ongoing training and development programs to enhance product knowledge and sales skills.

Qualifications

•          Proven experience in sales, preferably within the insurance industry. Candidates with strong sales backgrounds in other sectors and a willingness to learn about insurance are also encouraged to apply.

•          Excellent communication, negotiation, and interpersonal skills with the ability to build rapport and trust with clients.

•          Strong understanding of sales principles and techniques.  

•          Ability to explain complex information clearly and concisely.

•          Customer-centric approach with a strong focus on providing excellent service.

•          Self-motivated, target-driven, and results-oriented with a proven track record of achieving sales goals.

•          Ability to work independently and as part of a team.

•          Strong organizational and time-management skills.  

•          Proficiency in basic computer applications and CRM software (preferred).  

•          [Specify any required licenses or certifications, e.g., IRDAI license]. If not currently licensed, a willingness to obtain the necessary licenses is essential.

Pay Structure

Insurance Managers

Option 1 (Fixed + Commission):

Compensation Structure

·       Fixed Salary: ₹50,000 per month (for candidates with 5–7 years of experience).

·       Sales Target: ₹5,00,000 per month.

·       Incentive: 50% commission on the revenue earned from sales exceeding the monthly target of ₹5,00,000.

Salesmen (4–5 yrs. experience)

Option 1 (Fixed Pay + Commission):

Compensation Structure

·       Fixed salary: ₹40,000 per month.

·       Sales Target: ₹5,00,000 per month.

·       Incentive: 50% commission on the revenue earned from sales exceeding the monthly target of ₹5,00,000.

Option 2 – Commission Only

·       Incentive: 50% commission on the revenue earned on a monthly sales target of 5 lakhs per month.

·       Enhanced Incentive: Commission increases to 75% on the revenue earned once monthly sales exceed ₹5,00,000.

We are also willing on board fresher's or candidates with relatively low experience under a commission only model.

Expected joining date – Immediate to 15 days