IndusInd Bank - Head - Bancassurance - BFIL Channel

Role Details

- The incumbent will report to Country Head - Wealth & Para Banking and work closely with Head Bharat Financial Inclusions Ltd( BFIL) to develop and implement a countrywide insurance product strategy for profitable growth covering of all insurance products and services through the BFIL vertical of the bank

Overall Job Description :

- The incumbent will on work a Product Distribution Strategy focusing on all categories of Insurance Products (Life and general) across the BFIL Channel.

- Provide direction, guidance to insurance sales managers on ground on the development of long term strategy, marketing and operational effectiveness in order to sustain the insurance growth opportunities within the country.

- Support and Drive Business Performance, from channel/distribution sales performance, to cost management, customer base growth and market share.

- Drive Bancassurance product delivery and execution of the product's route to market across all channels, in line with the overall business plan and revenue targets.

- Provide insights to senior leadership in areas of competitor analysis, market intelligence, best practices.

- Design of value proposition for prospective partners.

- Execute and lead the engagement process for the target segments and specific accounts.

- Manage teams within Affluent to ensure they deliver on annual goals

- Ensure Business Quality and Compliance adherence.

- Work on enhancing and providing best in class customer service to BFIL client base.

Desired Behavioral / Functional Traits :

- Strong leadership quality

- Good Business Acumen

- Sharp Analytical skills

- Ability to build a Team

- Excellent communication skills.

EDUCATION :

Essential requirement: Post Graduate/MBA

Preferred: MBA

WORK EXPERIENCE :

Essential requirement: 15 -18 years

Preferred: 10-12 years in Bancassurance role for the Rural insurance sales