Business Development Manager

Job Title: Business Development Executive – Insurance Affinity Products

Location: Mumbai

Job Purpose:

To drive sales of insurance affinity products by building and managing partnerships with banks, NBFCs, digital platforms, and other affinity channels, ensuring achievement of sales targets, customer satisfaction, and long-term relationship management.

Key Responsibilities:

• Identify, acquire, and manage affinity partners (banks, NBFCs, cooperatives, digital businesses, retail associations, etc.) for insurance product distribution.

• Promote and sell insurance affinity products (e.g., Credit Life, Group Term Life, Hospicash, Wellness, Personal Accident, EMI protection, etc.).

• Achieve monthly and annual sales targets through effective partner engagement and channel activation.

• Train partner staff and stakeholders on product features, benefits, and sales processes.

• Work closely with internal teams (Underwriting, Claims, Operations) to ensure smooth service delivery and customer satisfaction.

• Track and analyze partner performance, generate MIS/reports, and implement strategies to improve business outcomes.

• Ensure compliance with regulatory guidelines and company policies in all sales activities.

• Develop and execute marketing campaigns, joint promotions, and customer engagement activities with affinity partners.

Key Skills & Competencies:

• Strong sales and relationship management skills.

• Knowledge of insurance products, especially group/affinity-based insurance.

• Ability to influence and negotiate with partner organizations.

• Good communication and presentation skills.

• Analytical mindset with ability to interpret data and generate actionable insights.

• Self-driven with ability to work independently and in teams.

Qualifications & Experience:

• Graduate/Postgraduate in Business, Marketing, Finance, or related field.

• 2–5 years of experience in insurance sales, preferably in affinity/partnership sales.

• Experience in BFSI domain (Banks/NBFCs/Fintechs/Cooperative sector) will be an added advantage.

• It is a Full Time Sales / Business Development job for candidates with 3 - 6+ years Experience.

More about this Business Development Manager job

1. What is the eligibility criteria to apply for this Business Development Manager job?
   Ans: The candidate should be Post Graduate and above and above with 3 - 6+ years Experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹30000 - ₹40000 per month that depends on your interview. It's a Full Time job in Mumbai.
3. How many working days are there for this Business Development Manager job?
   Ans: This Business Development Manager job will have 6 working days.
4. Are there any charges applicable while applying or joining this Business Development Manager job?
   Ans: No, there is no fee applicable for applying this Business Development Manager job and during the employment with the company, i.e., POLICYGRACE INSURANCE BROKING PRIVATE LIMITED.
5. Is it a work from home job?
   Ans: No, it’s not a work from home job and can't be done online.
6. How many openings are there for this Business Development Manager role?
   Ans: There is an immediate opening of 2 Business Development Manager at POLICYGRACE INSURANCE BROKING PRIVATE LIMITED
7. Who can apply for this job?
   Ans: Both Male and Female candidates can apply for this Sales / Business Development job.
8. What are the timings of this Business Development Manager job?
   Ans: This Business Development Manager job has 10:00 AM - 06:30 PM timing.