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Axis Max Life Insurance
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Sales Manager

Sales Manager

Axis Max Life Insurance

2 - 8 years

4 - 10 Lacs

mumbai

Posted:-1 days ago| Platform:

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Skills Required

insurance risk management team management channel sales general insurance sales business development retail sales sales life insurance sales management marketing bancassurance sales relationship management bancassurance sales planning banca

Work Mode

Work from Office

Job Type

Full Time

Job Description

Max Life Insurance Company Limited is looking for Sales Manager - Bancassurance to join our dynamic team and embark on a rewarding career journey

We are seeking an experienced and results-driven Sales Manager to lead our Bancassurance sales team
As a Sales Manager - Bancassurance, you will be responsible for driving sales growth through the Bancassurance channel by building and managing relationships with banks and driving insurance product sales through their network
You will lead a team of sales representatives, provide training and support, and ensure achievement of sales targets
Key ResponsibilitiesBancassurance Sales Strategy Develop and implement a comprehensive sales strategy for the Bancassurance channel in alignment with the company's overall sales objectives
Identify target banks and establish strategic partnerships to expand the distribution network
Set ambitious sales targets and develop plans to achieve them
Relationship Management Build and maintain strong relationships with partner banks, including key decision-makers and stakeholders
Collaborate with bank representatives to understand their business goals, customer needs, and market dynamics
Work closely with the bank's sales teams to train, motivate, and support them in promoting insurance products to their customers
Team Leadership Lead and manage a team of sales representatives specializing in Bancassurance sales
Provide guidance, coaching, and training to enhance their sales skills and product knowledge
Set clear sales targets and performance expectations
Monitor individual and team performance, provide feedback, and implement performance improvement plans as needed
Sales Planning and Execution Develop sales plans, targets, and strategies for the Bancassurance channel
Monitor market trends, competitor activities, and customer preferences to identify sales opportunities and adapt sales strategies accordingly
Collaborate with the marketing team to develop and implement promotional campaigns and sales support materials
Product Knowledge and Training Stay updated on insurance products, industry trends, and regulatory requirements
Provide training and product knowledge sessions to bank employees to enhance their understanding of insurance offerings and enable effective cross-selling
Ensure the sales team is well-equipped to present insurance products and address customer inquiries
Sales Performance Analysis Analyze sales data, performance metrics, and key performance indicators (KPIs) to evaluate the effectiveness of sales strategies and activities
Identify areas of improvement and implement corrective actions to achieve sales targets
Prepare regular sales reports and presentations for management, highlighting sales achievements, challenges, and recommendations
Compliance and Risk Management Ensure compliance with regulatory requirements, internal policies, and industry standards
Stay updated on insurance laws and regulations affecting the Bancassurance channel
Implement effective risk management practices to mitigate operational and compliance risks associated with sales activities
Relationship with Insurance Providers Foster strong relationships with insurance providers and underwriters
Collaborate with them to develop tailored insurance products and services that meet customer needs and align with the bank's offerings
Negotiate terms, commissions, and incentives to ensure mutually beneficial partnerships

Disclaimer: This job description has been sourced from a public domain and may have been modified by Naukri.com to improve clarity for our users. We encourage job seekers to verify all details directly with the employer via their official channels before applying.

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Sales Manager