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1.0 - 6.0 years

3 - 3 Lacs

Jaipur, Jodhpur

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1+ year + Sales experience for Banka, Finance & Life insurance companies

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3.0 - 8.0 years

16 - 20 Lacs

Coimbatore

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1. Business planning Work closely with the product and underwriting team to create unique offerings as per the current market trends to suit the channel partner s requirements and requisite approvals for the same from the Bank Head Office Work with the Brand team to create collateral designs for campaigns and products Understand what competitors are doing, liaison with the third party product distribution department to formulate business planning for increasing penetration at the Bank of India branches Analyze data related to customer mix, segmentation, identify opportunities and then propose products accordingly Study the PSU Banassurance competitive landscape, customer segmentation, loss ratios and implement the correct sales strategies, product mix, processing and backend support to increase sales from the partnership 2. Driving topline Help drive the P&L for Bank of India Bancassurance business to deliver topline (gross premium) targets on a monthly basis while keeping a healthy claims ratios and achieving profitability by converting loan book business into policies Prepare and recommend campaign designs, proposals and plans for bank to National Head PSU Banks to maximize sales from existing and new branches. Helping the BAGIC Zonal teams drive topline in the geographies by giving inputs and insights on sales Maintain Productivity of each resource assign to relationship Recommend manpower requisitioning and positioning as per the requirement 3. Relationship Management Maintaining and growing relationship with the key stakeholders - senior officials at the partner head office, zonal and regional heads of the Bank of India branches Work closely with the finance team for campaign budget approvals Manage and address any escalations coming from the partner head office, zonal or regional office Specify targets for team as per the channel partner s potential and capability and provide the requisite training and support in achieving the same Identify new products requirements/ customization required for bundling and create a new product as well as ensure smooth processing of all aspects leading up to the product s market roll-out Coordinate with internal teams to develop, implement, integrate and ensure smooth processing of all new and existing products 4. Functional Review Quarterly business review with Country Head Bancassurance and CTO - Institutional Sales Monthly reviews with the team to monitor achievement of individual targets, discuss business issues and design action plans to course correct, if required Conduct periodic reviews with the GM of the channel partner and BAGIC National Head PSU Banks/Country Head/CDO to drive business numbers, identify opportunities and address any escalations/concerns Periodic discussions with the product development and other internal teams to determine product performance and enhancements Review on the various strategy periodically as and when required and changes to be made as per the external factors of bank and competitors behaviour 5. Team Management Participate in recruitment process to identify right talent for various positions within the team Support team members in delivering their responsibilities in business as usual by keeping them motivated, resolving their concerns/ challenges, if any and maintaining a positive team spirit Build and enhance capabilities within the team by providing required trainings on new products as well as building process efficiencies

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1.0 - 6.0 years

2 - 3 Lacs

South Goa, Dhule, Vasco Da Gama

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WE ARE HIRING IN TOP LIFE INSURANCE COMPANY ROLE-DEPUTY MANAGER LEADS BASED ROLE EXP- 1-6 YEARS PREFER-LIFE INSURANCE EXPERIENCE orange.pune07@gmail.com 8766064952

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1.0 - 6.0 years

2 - 3 Lacs

Noida, Haridwar, Udaipur

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WE ARE HIRING IN TOP LIFE INSURANCE COMPANY ROLE-DEPUTY MANAGER LEADS BASED ROLE EXP- 1-6 YEARS PREFER-LIFE INSURANCE EXPERIENCE orange.pune07@gmail.com 8766064952

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1.0 - 6.0 years

2 - 3 Lacs

Bhubaneswar, Jabalpur, Bulandshahr

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WE ARE HIRING IN TOP LIFE INSURANCE COMPANY ROLE-DEPUTY MANAGER LEADS BASED ROLE EXP- 1-6 YEARS PREFER-LIFE INSURANCE EXPERIENCE orange.pune07@gmail.com 8766064952

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3.0 - 8.0 years

5 - 7 Lacs

Harda, Jhabua, Khalilabad

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Exp in Agency/Direct/ Broking channel required. Min 4 to 5 yr exp in life insurance sales exp candidate can apply. Urgently hiring for Elite channel for overall Bihar And Madhya Pradesh. Interested candidate directly share their cv on 7499211307

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1.0 - 4.0 years

3 - 5 Lacs

Madurai, Chennai, Coimbatore

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Urgent Vacancy For VRM Channel at multiple locations. Min 1-3 Year Exp In life Insurance sales, Health insurance sales, General Insurance sales, Banking sales ,Tele sales exp. Ctc :- 3 - 5.5 LPA+ Incentives. Contact Person :- Snehal 8788255050

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1.0 - 4.0 years

3 - 4 Lacs

New Delhi, Gurugram, Delhi / NCR

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1) Motivate Bank Employees for Related life Insurance and Generating leads through bank walk-in. 2) Customers and getting leads from bank Employees. 3) Converting those leads Based on customer. 4) Requirements Doing joint calls with bank employees.

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1.0 - 6.0 years

1 - 3 Lacs

Gurugram, Delhi / NCR

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Greetings !!! Here is an excellent opportunity to get associated with the leading brand Canara HSBC LIFE INSURANCE COMPANY In Banca channel. Here is the job description : - Job Title: Relationship Associate - Company: Canara HSBC Life Insurance Company - Location: Gurgaon - Max CTC : 3.7lakhs per annum Key Responsibilities : 1. Sell life insurance products to clients 2. Meet sales targets and expand the customer base 3. Identify new business opportunities and build relationships with clients 4. Provide after-sales support to clients Desired Skills : 1. Proven sales and marketing skills 2. Excellent communication and interpersonal skills 3. Ability to identify new business opportunities and build relationships with clients Eligibility Criteria: 1. Graduation in any discipline 2. 1-5 years of experience in sales and marketing What the Company Offers: 1. Competitive salary (max CTC 3.7 lakhs per annum) 2. Incentives and bonuses based on performance 3. Opportunities for career growth and development 4. Comprehensive training program If you are interested in this profile , share your cv on whatsapp or call 90413 94754 Regards HR GOURI

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1.0 - 6.0 years

3 - 6 Lacs

Madurai, Chennai, Tiruchirapalli

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Role & responsibility: The Business Development Manager role is to lead a team, generate new business by building partnerships & guiding team members. Interested candidates can share their updated CV on 7795883858 or mail on riya.goodjob@gmail.com Perks and benefits FIXED CTC+ Incentives+ Medical Benefits+Promotions

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1.0 - 2.0 years

3 - 3 Lacs

Warangal, Venkatagiri, Gadwal

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Responsibilities: The Business Manager has the responsibility of driving sales and achieving the sales target for the assigned bank branches Target Achievement • Drive sales and achieve targets through the bank branches • Selling companys product Sales Support • Support the CRO in his sales effort, in terms of generating benefit illustrations, accompanying on client calls if required etc Relationship Management • The Bank is the key customer of the Business Manager and he has to engage an open and trusting relationship with the Branch Managers/officers/staff • Engage the employees of the bank branches in regular discussions to transfer knowledge about insurance, Companys product offerings and understand their issues/ concerns about selling insurance (if any) • Ensure that all service requirements are met, medicals facilitated and customers are satisfied. Lead Generation • Spearhead all lead generation initiative from the bank whether through walk in, data-mining, referrals and others. Work experience : 1 to 2 yrs(Life insurance experience) Age limit - 37 yrs Interested candidate can share there CVs at jyotiadhikari.del@tminetwork.com or call at 9873111634

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0.0 - 5.0 years

0 - 3 Lacs

Varanasi

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Cross-selling of products to maximize the profit Selling insurance products to the Bank Customers Interact with Sales managers of the bank Make more than 10 calls a day Freshers can apply

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0.0 - 5.0 years

0 - 3 Lacs

Jalandhar, Chandigarh, Sangrur

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Cross-selling of products to maximize the profit Selling insurance products to the Bank Customers Interact with Sales managers of the bank Make more than 10 calls a day Freshers can apply

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1.0 - 6.0 years

3 - 4 Lacs

Pathanamthitta, Kollam, Kottayam

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Channel : Bancassurance (Life Insurance) Bank - Catholic Syrian Bank Experience : Minimum 1 yrs of Sale exp in Insurance/ BFSI with Life Insurance knowledge is must. Role & responsibilities: To drive business through Channel Partners branch staff and distribution network. To generate leads through activities and use enablers for lead generation To provide after sales service and do upselling with the existing customers To ensure 100% branch staff activation every quarter Candidate's Profile 1. Minimum 1 yr of Life Insurance sales experience/BFSI/NBFC ( Good awareness about Life insurance industry is must) 2. Should be a graduate. 3. Should have a two wheeler 4. Lesser notice period candidates & immediate joiners are very much welcome. CTC max up to 4 L apart from TA & incentives. Level upgrade & Salary increment without probation period. Opportunities for international trips on the target achievement. We are hiring for Relationship Manager/ Senior Relationship Manager (Catholic Syrian bank Channel - Life Insurance sales) for the below locations. Job Locations - KARUKACHAL, CHENGANNUR , KATTANAM , TIRUVALLA , KALLUMALA , PRAVUMKKOOD , MAVELIKKARA , CHERIYANAD , KUMBANAD , KURIYANNOOR , KADAMPANAD, PATHANAMTHITTA , MANIMALA , CHIRAKKADAVU ,PUTHOOR G H ,JUNCTION , KUMARAPURAM **Interested candidates can share the CVs with me on 9608607032(Or) zakiya.zeenat@edelweisslife.in Grab the opportunity !! Thanks & Regards, zakiya zeenat HR - Talent Acquisition Reference code Mailing Zakiya zeenat CSB

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5.0 - 10.0 years

15 - 20 Lacs

Mumbai

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1. Business planning Work closely with the product and underwriting team to create unique offerings as per the current market trends to suit the channel partner s requirements and requisite approvals for the same from the Bank Head Office Work with the Brand team to create collateral designs for campaigns and products Understand what competitors are doing, liaison with the third party product distribution department to formulate business planning for increasing penetration at the Bank of India branches Analyze data related to customer mix, segmentation, identify opportunities and then propose products accordingly Study the PSU Banassurance competitive landscape, customer segmentation, loss ratios and implement the correct sales strategies, product mix, processing and backend support to increase sales from the partnership 2. Driving topline Help drive the P&L for Bank of India Bancassurance business to deliver topline (gross premium) targets on a monthly basis while keeping a healthy claims ratios and achieving profitability by converting loan book business into policies Prepare and recommend campaign designs, proposals and plans for bank to National Head PSU Banks to maximize sales from existing and new branches. Helping the BAGIC Zonal teams drive topline in the geographies by giving inputs and insights on sales Maintain Productivity of each resource assign to relationship Recommend manpower requisitioning and positioning as per the requirement 3. Relationship Management Maintaining and growing relationship with the key stakeholders - senior officials at the partner head office, zonal and regional heads of the Bank of India branches Work closely with the finance team for campaign budget approvals Manage and address any escalations coming from the partner head office, zonal or regional office Specify targets for team as per the channel partner s potential and capability and provide the requisite training and support in achieving the same Identify new products requirements/ customization required for bundling and create a new product as well as ensure smooth processing of all aspects leading up to the product s market roll-out Coordinate with internal teams to develop, implement, integrate and ensure smooth processing of all new and existing products 4. Functional Review Quarterly business review with Country Head Bancassurance and CTO - Institutional Sales Monthly reviews with the team to monitor achievement of individual targets, discuss business issues and design action plans to course correct, if required Conduct periodic reviews with the GM of the channel partner and BAGIC National Head PSU Banks/Country Head/CDO to drive business numbers, identify opportunities and address any escalations/concerns Periodic discussions with the product development and other internal teams to determine product performance and enhancements Review on the various strategy periodically as and when required and changes to be made as per the external factors of bank and competitors behaviour 5. Team Management Participate in recruitment process to identify right talent for various positions within the team Support team members in delivering their responsibilities in business as usual by keeping them motivated, resolving their concerns/ challenges, if any and maintaining a positive team spirit Build and enhance capabilities within the team by providing required trainings on new products as well as building process efficiencies

Posted 3 weeks ago

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0.0 - 5.0 years

20 - 25 Lacs

Ranchi

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Max Life Insurance Company Limited is looking for Relationship Associate - Bancassurance to join our dynamic team and embark on a rewarding career journey A Relationship Associate in Bancassurance is a role within the banking sector that focuses on building and maintaining relationships with customers in relation to insurance products and services offered by the bank Bancassurance refers to the distribution of insurance products through banks, leveraging their existing customer base and distribution channels Here are the key responsibilities of a Relationship Associate in BancassuranceCustomer Relationship Management Relationship Associates in Bancassurance establish and maintain strong relationships with bank customers They engage with customers to understand their insurance needs, provide information about available insurance products, and offer personalized solutions based on individual requirements Insurance Product Knowledge They develop a comprehensive understanding of the insurance products offered by the bank This includes life insurance, health insurance, general insurance, and other relevant insurance solutions They stay updated on product features, benefits, terms, and conditions to effectively communicate the offerings to customers Sales and Cross-Selling Relationship Associates actively promote and sell insurance products to bank customers They identify cross-selling opportunities by analyzing customer profiles and financial needs They explain the features and benefits of insurance products, address customer queries, and guide customers through the insurance purchasing process Needs Analysis and Solution Design They conduct needs analysis for customers to determine their insurance requirements They assess the customer's risk profile, financial goals, and coverage needs Based on the analysis, they design suitable insurance solutions that align with the customer's preferences and financial capabilities Documentation and Application Processing Relationship Associates assist customers with the completion of insurance application forms and related documentation They ensure accuracy and completeness of information provided by customers and facilitate the smooth processing of insurance applications Customer Service and Support They provide ongoing customer service and support to address inquiries, claims processing, and policy servicing requirements They act as a point of contact for customers throughout the insurance policy lifecycle, resolving any issues or concerns that may arise

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1.0 - 4.0 years

2 - 4 Lacs

Tirupati, Visakhapatnam, Hyderabad

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Any BFSI or Insurance sales exp candidate can apply. Min 1 yr exp in insurance sales. urgent hiring banca channel ctc + fixed travelling allowance Age below 36 interested candidate directly share their cv on 7499211307.

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1.0 - 4.0 years

1 - 3 Lacs

Visakhapatnam, Hyderabad, Pune

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Immediate joiners Min 1yr Life insurance sales experience ,Bfsi also preferred Age upto-36 CTC+incentives+travellingexp Interested candidate contact-6369423324

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1.0 - 6.0 years

2 - 3 Lacs

Ambur

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Channel : Bancassurance (Life Insurance) Bank - Equitas Bank Experience : Minimum 1 yrs of Sale exp in Insurance/ BFSI. Role & responsibilities: To drive business through Channel Partners branch staff and distribution network. To generate leads through activities and use enablers for lead generation To provide after sales service and do upselling with the existing customers To ensure 100% branch staff activation every quarter\ Candidate's Profile 1. Minimum 1 yr of Life Insurance sales experience/BFSI/NBFC ( Good awareness about Life insurance industry is must) 2. Should be a graduate. 3. Should have a two wheeler 4. Lesser notice period candidates & immediate joiners are very much welcome. CTC max up to 3.75 L apart from TA & incentives. Level upgrade & Salary increment without probation period. Opportunities for international trips on the target achievement. We are hiring for Relationship Manager/ Senior Relationship Manage Interested candidates can share the CVs with me on 7975945925 (Or) harshitha.bj@edelweisslife.in

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3.0 - 8.0 years

2 - 4 Lacs

Dhanbad, Bilaspur

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Job Summary Interacting with Branch RM and BM and relationship building with them, Conduct regular product training ,drive and generate GI Business. Roles and Responsibilities Responsible for Banca sales, administrative/support activities for achieving the set targets / objectives. Roles at this level operate under direct supervision with narrow independence of action. Insurance Sales and Knowledge of Insurance Industry Practices Bancassurance experience Good communication skill is a plus Perks & Benefits : Local conveyance, Food allowance & Insurance

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2.0 - 7.0 years

3 - 5 Lacs

Chennai

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Execution Analyze the customer segmentation, sales trends in terms of demographics, geography, characteristics etc. to assess the potential for business Conduct trainings at the branch for all banking partners around regulatory guidelines and products. Plan for activation of branches through R&R activities to increase the penetration in active branches to realize full potential of the bank partner in the given geography Relationship Management Drive the campaign/contest for the Partner Bank to drive sales in profitable segments. Assist banking partners in pitching product to crucial customers & driving sales closure for the same. Identify cross sell opportunities for existing customers New Acquisition Banking Partners Gather market information of potential partner, analyze partners profile and customer mix to identify best product fitment from BAGIC portfolio, assess profitability & viability assessment of partnership Schedule meetings with prospective banking clients and brief them about BAGIC products/ offer them lucrative products in coordination with the Vertical Head Service Orientation Engage with cross functional teams to ensure seamless execution of work across channels and deliver desired productivity including everyday servicing and policy issuance etc. Gather relevant documents from customer post sales and submit the same to operations team; gather additional data/documents as required Resolve operational issues faced by the partners to ensure smooth experience while working with BAGIC Provide support for cancellation requests, policy endorsements; process & track such requests in coordination with internal ops team ; Ensure ease of process & approvals for partners by coordinating with internal Ops team Support partners to register claims on behalf of customers, coordinate to ensure approvals within agreed timelines Role & responsibilities Preferred candidate profile

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0.0 - 5.0 years

0 - 3 Lacs

Gurugram

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Cross-selling of products to maximize the profit Selling insurance products to the Bank Customers Interact with Sales managers of the bank Make more than 10 calls a day Freshers can apply

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0.0 - 5.0 years

0 - 3 Lacs

Kolkata

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Cross-selling of products to maximize the profit Selling insurance products to the Bank Customers Interact with Sales managers of the bank Make more than 10 calls a day Freshers can apply

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0.0 - 5.0 years

0 - 3 Lacs

Guwahati

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Cross-selling of products to maximize the profit Selling insurance products to the Bank Customers Interact with Sales managers of the bank Make more than 10 calls a day Freshers can apply

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0.0 - 5.0 years

0 - 3 Lacs

Jodhpur

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Cross-selling of products to maximize the profit Selling insurance products to the Bank Customers Interact with Sales managers of the bank Make more than 10 calls a day Freshers can apply

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Exploring Bancassurance Jobs in India

Bancassurance, the partnership between banks and insurance companies to distribute insurance products, is a growing sector in India. As more financial institutions recognize the benefits of offering insurance services to their customers, the demand for bancassurance professionals is on the rise.

Top Hiring Locations in India

  1. Mumbai
  2. Delhi
  3. Bangalore
  4. Chennai
  5. Hyderabad

Average Salary Range

Entry-level bancassurance professionals in India can expect to earn around INR 3-5 lakhs per annum, while experienced professionals can make upwards of INR 10 lakhs per annum.

Career Path

A typical career path in bancassurance may include roles such as Bancassurance Executive, Bancassurance Manager, Senior Bancassurance Manager, and Bancassurance Head.

Related Skills

In addition to bancassurance knowledge, professionals in this field may benefit from skills such as sales techniques, customer relationship management, financial planning, and regulatory compliance knowledge.

Interview Questions

  • What is bancassurance and how does it work? (basic)
  • Can you explain the different types of insurance products that are typically offered through bancassurance? (medium)
  • How do you approach selling insurance products to bank customers? (medium)
  • How do you stay updated on changes in insurance regulations and policies? (medium)
  • Can you share a successful bancassurance sales strategy you have implemented in the past? (advanced)
  • How do you handle objections from customers during the sales process? (medium)
  • What metrics do you use to measure the success of a bancassurance program? (advanced)
  • How do you ensure compliance with all regulatory requirements in bancassurance sales? (medium)
  • Can you discuss a challenging situation you faced in bancassurance sales and how you resolved it? (medium)
  • How do you build and maintain relationships with key stakeholders in a bancassurance partnership? (medium)
  • What are the key factors you consider when designing a bancassurance product portfolio? (advanced)
  • How do you assess the risk profile of potential customers when offering them insurance products? (medium)
  • How do you handle customer complaints or disputes related to bancassurance products? (medium)
  • Can you explain the importance of data analytics in bancassurance sales? (medium)
  • How do you ensure that customers have a clear understanding of the insurance products they are purchasing through bancassurance? (medium)
  • How do you adapt your sales approach when targeting different customer segments in bancassurance? (medium)
  • Can you discuss a time when you exceeded sales targets in a bancassurance role? (medium)
  • What are the key trends shaping the bancassurance industry in India today? (advanced)
  • How do you balance the interests of the bank and the insurance company in a bancassurance partnership? (medium)
  • Can you discuss a time when you had to navigate a complex regulatory environment in bancassurance sales? (advanced)
  • How do you approach training bank staff on selling insurance products in a bancassurance partnership? (medium)
  • What are the key challenges you have faced in bancassurance sales and how did you overcome them? (medium)
  • How do you ensure that all bancassurance sales are conducted ethically and transparently? (medium)
  • Can you discuss a time when you had to troubleshoot a technical issue related to bancassurance sales processes? (medium)

Closing Remark

As you explore opportunities in the bancassurance job market in India, remember to prepare thoroughly for interviews and showcase your skills and knowledge confidently. With the right combination of expertise and experience, you can carve out a successful career in this dynamic and growing sector. Good luck!

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