A banca channel job involves selling insurance products, specifically life insurance, through a bank's existing customer base and infrastructure. This role focuses on building relationships with bank staff, training them on insurance products, and driving sales to meet targets. It requires strong sales and communication skills, as well as the ability to work effectively with bank partners and their customers.
CTC upto 3.5 Lacs P.A.
Age 24-35 years
Key Responsibilities:
Relationship Management:
Developing and maintaining strong relationships with bank branch managers and other relevant staff.
Sales Generation:
Driving sales of insurance products (life, health, etc.) through the bank's customer base.
Product Training:
Educating bank staff about the features, benefits, and sales processes of insurance products.
Sales Support:
Assisting bank staff with customer interactions, providing necessary information and documentation.
Target Achievement:
Meeting or exceeding sales targets for various insurance products.
Compliance:
Ensuring all sales activities adhere to banking regulations and company policies.
Lead Generation:
Identifying and qualifying potential customers within the bank's customer base.
Market Research:
Understanding the competitive landscape and identifying opportunities for growth.
Reporting:
Providing regular updates to senior management on sales performance and market trends.
Cross-selling and Up-selling:
Identifying opportunities to offer additional insurance products to existing customers.
Skills and Qualifications:
Sales Experience: Proven track record of achieving sales targets, preferably in the financial services industry.
Communication Skills: Excellent verbal and written communication skills to effectively interact with bank staff and customers.
Relationship Building: Ability to build and maintain strong relationships with key stakeholders.
Product Knowledge: Understanding of insurance products, including features, benefits, and pricing.
Compliance Knowledge: Familiarity with banking and insurance regulations.
Analytical Skills: Ability to analyze sales data and market trends to identify opportunities.
Customer Focus: Ability to provide excellent customer service and build rapport with customers.
In essence, a banca channel job is about leveraging the power of a bank's distribution network to sell insurance products and achieve business targets while ensuring a positive customer experience.