Life Insurance Products Development, Creation and Filing

1 week ago


Bangalore, India Digit Life Insurance Full time

Department: Product Management & Development

Job Location : Bangalore

Employment Type : Full Time

Key Focus Areas-

• Product Development, regulatory filing & management of products

• Assist in the formulation and development of the product strategy, roadmap and development calendar by providing support in eliciting, analysing and validating company, channel customer requirements.

• Conceptualizing, implementing, and ensuring end to end delivery, including go to market of products and effective launch across channels.

• Work with various stakeholders to plan, execute and track product releases from beginning to end including end to end system set-up of products and propositions.

. Working on product concepts and structured benefit illustration models for premium calculation and benefit outflows for set up in benefit illustration system

. Create sales pitches and storyboards for various products to drive product mix and new business in different sales channels.

• Document and deliver market product functional requirement specifications and other related documents as required to manage scope and for use in the product development process through coordination and liaison with the necessary functions.

• Analyse necessary market research studies for assessment and superior understanding of consumer usage attitudes, industry products performance trends to define target segments needs and evaluate their impact on product strategy plans.

• Conduct ongoing analysis of existing product suites, associated target markets/competitors to provide in-depth industry, market and competitive analysis to assist in the identification and evaluation of new product opportunities

• Assist in the development of packaging strategies and implement ongoing innovative product marketing programs by conducting market research, competitive analysis and business planning supported by ongoing visits to and feedback from customers/ non-customers to ensure that the product positioning and key benefits are clearly understood.

• Work closely with all departments as necessary (sales, training, customer service) to assist and drive development of sales collaterals advice tools, customer presentations, sales training materials and other product marketing collaterals that optimally positions, communicates the strengths of our products

Key Competencies

• Minimum 3 - 5 yrs experience with any life insurer (preferably product development, but open to cross-functional roles as well)

• Strong interpersonal and communication skills and ability to manage competing views

• Creative, agile and independent thinker

• Strong problem-solving skill set

• Execution focused with eye for detail

• Ideation, design thinking with ability to visualise concepts



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