Assistant Vice President - Product - Life Insurance

Key Responsibilities:

- Product Ideation & Market Research Identify customer needs, market trends, and competitor offerings to conceptualize innovative products.

- Product Design & Pricing Strategy Develop life insurance products with optimal pricing, balancing competitiveness and profitability.

- Internal Approvals & Governance Coordinate with internal committees and stakeholders for product approval.

- Regulatory Filing (IRDAI Coordination) Ensure all filings and approvals comply with regulatory requirements.

- Pre-Launch Preparation & Testing Drive product readiness with cross-functional teams, ensuring operational and system preparedness.

- Go-to-Market Strategies Design and execute effective product launch strategies across distribution channels.

- Product Launch & Monitoring Lead successful launches and continuously track product performance post-launch.

- Regulatory & Risk Management Ensure ongoing compliance and proactively address potential risks post-launch.

- Stakeholder Reporting Present product performance, risks, and strategic insights to leadership and key stakeholders.

- Team Leadership & Engagement Lead, mentor, and inspire the product team while collaborating with cross-functional teams.

Qualifications & Skills:

- Postgraduate degree in Business, Finance, Insurance, or related field.

- 8+ years of experience in Life Insurance Product Development.

- Proven track record of designing, launching, and managing life insurance products.

- Strong knowledge of IRDAI regulations and regulatory compliance processes.

- Exceptional analytical, problem-solving, and strategic thinking skills.

- Strong leadership and team management abilities.

- Excellent communication, stakeholder management, and presentation skills.