Insurance Product Management - NR Relationship Manager

This position of Insurance Product Manager (NRI and Virtual Relationship Managers) in Gurgaon under the Bancassurance function reports to the Life Insurance Product Head. As the Insurance Product Manager, your primary responsibility will be to drive Insurance to achieve overall NRI Insurance business targets for IBL in an open architecture platform. You will be required to create Insurance product propositions based on customer personas in the bank and provide Insurance training for NR relationship managers while supporting them during large value sales calls. It is essential to have an eye for detail and utilize key business parameters such as activation, productivity, and ATS to drive the business effectively. You will also be responsible for supporting Relationship Managers during the underwriting of large value applications, running analytical-based campaigns to increase Life Insurance Penetration in the NR client base, and designing and executing processes to ensure business quality, persistency, and customer redressals. Additionally, you will engage with stakeholders to communicate key business performance updates, develop market intelligence to track industry trends and competitive benchmarks, and manage a healthy product quality mix and revenue mix for the bank. The ideal candidate should have a minimum of 10 years of work experience in the Life Insurance domain, specifically managing the NR segment in an Insurance Company or Bank. Candidates with experience in both Insurance Companies and Banks will be preferred. A mandatory requirement for this role is an MBA degree, preferably from a reputed institute. In terms of desired behavioral and functional traits, strong communication skills, sharp analytical orientation, the ability to create and deliver business and product presentations, and effective engagement with senior stakeholders are essential for success in this role.,