Business Development Manager

5 days ago

Jabalpur, Madhya Pradesh, India beBeeDevelopment Full time
Job Title

Purpose of Role

The primary responsibility of the Business Development Manager is to sell insurance policies by generating leads and serving existing customers or leads received from the channel, apart from sourcing business from the natural market.

Main Areas of Responsibility

  • Drive insurance sales through references and open-source market and need to generate leads.

Key Responsibilities

  1. Increase the top of the funnel by driving periodic business development activities to generate a prospect base through the natural market, support, and corporate worksites.
  2. Contact qualified prospects on an ongoing basis to maximize face-to-face meetings and enhance customer engagement.
  3. Adopt a needs-based selling approach (basis the financial needs analysis), catering to the customers profile and needs.
  4. Rigorous and timely follow-up on all prospects that are in the work-in-progress stage to ensure smooth policy issuance.
  5. Update and enrich prospect information in the Leads Management System (LMS).
  6. Always track performance in the LMS and strive to maximize process efficiency (i.e., meetings %, prospect-conversion %).
  7. Generate referrals from prospects/customers and build own pipeline to increase the size of the funnel.
  8. Assist and coordinate with customers for medical formalities, collection of documents, etc., to facilitate smooth policy issuance.
  9. Ensure that all procedural requirements for policy issuance are complete and correct.
  10. Track the policies that have been logged in the branch to ensure speedy issuance.

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