Relationship Manager

• Bancassurance:

  This is the term for the partnership between a bank and an insurance company, with the insurance company selling its products (like life insurance) through the bank's branches and employees. 

• Benefits of the Banca Channel:

  • Wider reach: Banks have a large network of branches and customers, offering insurance companies access to a large potential customer base. 

  • Reduced sales costs: Insurance companies don't need to invest in their own extensive sales force, potentially saving on costs. 

  • Cross-selling opportunities: Bank employees can leverage their existing customer relationships to sell insurance products, creating cross-selling opportunities. 

• Typical Roles in the Banca Channel:

  • Banca Manager: Oversees the Banca relationship, manages the team of advisors/salespersons, and ensures sales targets are met. 

  • Banca Sales Manager: Responsible for directly selling insurance products to bank customers, often working closely with bank employees. 

  • Banca Relationship Manager: Focuses on building and maintaining strong relationships with the bank's management and employees. 

  • Banca Support/Assistant: Provides administrative and operational support to the Banca sales team. 

• Job Description Examples:

  • Drive business growth: A Banca Channel Manager would typically be responsible for driving business growth within assigned bank branches by achieving sales targets, increasing market share, and building strong relationships with bank management. 

  • Train and motivate: They may also be responsible for training and motivating the bank employees who are involved in selling insurance products. 

  • Develop strategies: Banca Channel Managers may develop strategies to increase sales and improve the overall Banca relationship. 

  • Product Knowledge: A key requirement for most Banca Channel roles is having a strong understanding of life insurance products and the banking landscape. 

• It is a Full Time Sales / Business Development job for candidates with 1 - 3 years of experience.

More about this Relationship Manager job

1. What is the eligibility criteria to apply for this Relationship Manager job?
   Ans: The candidate should be Graduate and above and above with 1 - 3 years of experience of experience
2. How much salary can I expect for this job role?
   Ans: You can expect a salary of ₹20000 - ₹25000 per month that depends on your interview. It's a Full Time job in Coimbatore.
3. How many working days are there for this Relationship Manager job?
   Ans: This Relationship Manager job will have 6 working days.
4. Are there any charges applicable while applying or joining this Relationship Manager job?
   Ans: No, there is no fee applicable for applying this Relationship Manager job and during the employment with the company, i.e., CANARA HSBC LIFE INSURANCE COMPANY 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 Relationship Manager role?
   Ans: There is an immediate opening of 5 Relationship Manager at CANARA HSBC LIFE INSURANCE COMPANY 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 Relationship Manager job?
   Ans: This Relationship Manager job has 10:00 AM - 06:00 PM timing.