Lead Product Manager

2 weeks ago


Mumbai, Maharashtra, India MS Forward Full time ₹ 15,00,000 - ₹ 28,00,000 per year

Role & responsibilities

Product Lead will be responsible for aligning departmental goals with the company's overall vision, overseeing cross-functional teams, and managing high-impact projects to enhance customer experience, regulatory compliance, and profitability. To provide strategic direction, monitor performance metrics, and foster a culture of innovation and accountability. The role demands a strong understanding of the Indian life insurance market, regulatory landscape, and emerging industry trends to effectively steer the organization toward sustainable growth.

Key Responsibilities :

1. Product Ideation & Market Research

  • Lead end-to-end product conceptualization based on market trends, customer needs, competitor analysis, and regulatory outlook.
  • Conduct primary and secondary research to identify gaps in the existing product portfolio and assess demand for new offerings
  • Work closely with sales (including banca, broking, web aggregators and individual agent), marketing, training, actuarial, underwriting and analytics teams to identify opportunities for differentiated and customer-centric products.
  • Evaluate product ideas i.e. profitability, persistency and claims outlook.
  • Bring innovation in Product Development i.e. Industry First or Company first design to bring disruption in the market and gain mind share of Intermediary, Partner and Agents

2. Product Design & Pricing Strategy

  • Define product structure, including benefits, riders, premium payment terms, sum assured options, and bonus mechanisms (for participating products).
  • Collaborate with actuarial teams to design robust pricing strategies aligned with IRDAIs guidelines and companys risk appetite.
  • Ensure product design supports long-term view
  • Oversee pricing frameworks for different channels to see Margins/ OPAT

3. Internal Approvals & Governance

4. Regulatory Filing – IRDAI Coordination

5. Pre-Launch Preparation & Testing

6. Go-to-Market strategies

7. Product Launch & Monitoring

8. Regulatory & Risk Management Post-Launch

9. Stakeholder Reporting

10. Team Leadership & Stakeholder Engagement

Preferred candidate profile

Post Graduate with 6+ years experience in managing Life Insurance Product


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