Bancassurance Manager

1 day ago

Mumbai, Maharashtra, India HDFC Life Full time ₹ 5,00,000 - ₹ 15,00,000 per year

Bancassurance Manager position at HDFC Life, for the Banca Channel - HDFC Bank

Job Title: Bancassurance Manager

Location: Mumbai

Reporting to: Corporate Sales Manager

Department: HDFC Life Insurance (Banca Channel)

Job Overview:

The Bancassurance Manager(BAM) will play a key role in driving the sales of HDFC Life Insurance products through the Banca channel at HDFC Bank. This position involves working with bank branches to develop and maintain relationships with customers, ensuring they are provided with personalized insurance solutions to meet their needs.

Key Responsibilities:

  • Sales and Business Development:

  • Achieve monthly, quarterly, and annual sales targets for life insurance products, including term plans, ULIPs, health plans, etc., through HDFC Banks Banca channel.

  • Identify potential customers, understand their financial needs, and recommend suitable life insurance products.
  • Drive leads and business generation from the Bank's customer

  • Convert leads and inquiries from HDFC Bank's staff, customers, and leads generated from the bank's network.

  • Customer Relationship Management:

  • Build and nurture long-term relationships with HDFC Bank customers and prospects to ensure their satisfaction and retention.

  • Provide end-to-end customer service, including solving queries, providing policy details, and managing renewals and claims assistance.

  • Conduct regular follow-ups to build trust and ensure continued business from the bank's customers.

  • Collaboration with HDFC Bank Team:

  • Work closely with the Bank's Relationship Managers and Branch Managers to ensure the right insurance products are pitched to customers.

  • Support the bank's staff by providing product knowledge and guidance on cross-selling insurance.

  • Conduct virtual training sessions and presentations to the bank's team to enhance their knowledge of HDFC Life products and services.

  • Product Knowledge and Selling:

  • Maintain a high level of knowledge about HDFC Life's product offerings and keep updated on market trends.

  • Conduct virtual meetings, webinars, and presentations to communicate the benefits and features of life insurance products effectively to customers.

Skills and Qualifications:

  • Educational Qualification:

  • Graduate in any discipline

  • Experience:

  • 2-4 years of experience in sales, preferably in the insurance or financial services industry

  • Skills:

  • Strong communication skills with the ability to conduct virtual meetings, presentations, and webinars effectively.

  • Ability to analyze customer needs and suggest suitable insurance products.
  • Good understanding of life insurance products, financial planning, and investment strategies.
  • Proficiency in MS Office, CRM tools, and digital communication platforms.

Compensation and Benefits:

  • Attractive fixed salary with performance-based incentives.
  • Employee benefits package (insurance, health benefits, etc.).
  • Opportunities for career growth and skill development.

  • National Sales Head- Bancassurance

    23 hours ago

    Mumbai, Maharashtra, India MS Forward Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Job PurposeTo lead, strategize, and manage the bancassurance sales function at a national level by building strong partnerships with banking stakeholders, driving sales productivity, and ensuring sustainable business growth across all regions.Key Responsibilities-Strategic Leadership- Develop and implement the national sales strategy for bancassurance in...

  • Associate Sales Manager

    23 hours ago

    Mumbai, Maharashtra, India maxlifeins Full time ₹ 8,00,000 - ₹ 12,00,000 per year

    Job Title: Relationship Associate/ Associate Sales Manager/Financial Sales ManagerBand: 5/5A/5BReporting To: Centre Manager Department: Bancassurance -  Yes Bank Job Title: Relationship Associate/Associate Sales Manager/Financial Sales ManagerBand: 5/5A/5BReporting To: Centre ManagerDepartment: Bancassurance -  Yes Bank

  • Business Development Manager

    2 weeks ago

    Mumbai, Maharashtra, India Peopletalent Consulting Full time ₹ 4,20,000 per year

    Business Development ManagerDrive life insurance sales via bancassurance & direct channels.Achieve premium targets, generate leads, manage client/partner relations, ensure compliance, maintain CRM.CTC 3.25 LPA + 6K travel allowance p.m.Travel allowance

  • Head Strategic Banca Partnerships

    2 weeks ago

    Mumbai, Maharashtra, India crescendo global Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Job Description Head Strategic Banca Partnerships - Insurance - 15 Years - Mumbai Location: MumbaiDiscipline: Sales ManagementJob type: PermanentContact name: Payal AroraContact email: Job ref: 76159Published: about 7 hours agoHead Strategic Bancassurance Partnerships (Private Banks) | President | Mumbai Summary: We are looking for a dynamic leader with...

  • Territory Manager

    2 weeks ago

    Mumbai, Maharashtra, India Pramerica Life Insurance Full time ₹ 1,04,000 - ₹ 1,30,878 per year

    Candidate should have predominantly managed a Bancassurance sales team for a large/mid size bancassurance relationship as part of the current or previous roleCandidate should be well versed with the local languageCandidate should have relevant sales skills required to work on and convert sales closures on the insurance leads which will be passed on to team...

  • Manager - Key Account & Strategy

    3 days ago

    Mumbai, Maharashtra, India HDFC Life Full time ₹ 10,00,000 - ₹ 25,00,000 per year

    Key ResponsibilitiesCollaborate with internal teams (product, marketing, underwriting) to support internal & external stakeholders (Mainly DCB Bank & few smaller Co-operative Banks)Prepare and publish partner/internal hierarchy performance metrics and help to implement agreed actionableSchedule regular business reviews, training sessions and intervention...

  • Bancassurance Manager

    4 days ago

    Navi Mumbai, Maharashtra, India Kotak Life Insurance Full time ₹ 5,00,000 - ₹ 20,00,000 per year

    || Greetings ||Interested candidates can share their resume on or Job descriptionGreetings from Kotak Life InsuranceWe are currently hiring for a Sales Manager for our Banca Channel. Here is an excellent opportunity to get associated with the leading brandThe incumbent will formulate and implement sales plan for the partner for achieving business targets of...

  • Bancassurance Manager

    4 days ago

    Mumbai, Maharashtra, India Skywings Advisors Full time ₹ 4,00,000 - ₹ 12,00,000 per year

    Training, guiding, updating the RMs and PBs on life insurance concepts, selling skills, products of company, and processes. Required Candidate profile4 years of experience of sales exp in Life Insurance Company From Insurance industry candidate requiredage Max 38Call / whatsapp

  • Bancassurance Manager

    2 days ago

    Mumbai, Maharashtra, India Empower Hire Services Delhi Full time ₹ 1,20,000 - ₹ 12,00,000 per year

    selling insurance products through a bank's network. Responsibilities include building and maintaining strong relationships with bank staff and customers, training bank employees on insurance products, achieving sales targets, customer satisfaction Required Candidate profileCandidate must have minimum one years banca channel experience

  • Lead Channel Sales

    4 days ago

    Mumbai, Maharashtra, India IndusInd Bank Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Job title: Lead - Channel Sales (Life Insurance)Location:MumbaiBU/Function:BancassuranceOverall, Job Description:This position serves as driving Insurance Business in specific channels such as retail / NR / Business Banking and to achieve overall business targets for IBL in an open architecture platform.Incumbent should have an eye for detail and drive the...