Business Development Manager

ob Description — Bancassurance Channel (B1 Level)

Position: Bancassurance Officer (B1)
Department: Sales / Distribution – Bancassurance
Reporting To: Bancassurance Manager / Zonal Head

Role Overview

Drive the life insurance distribution business through bank partners (e.g., Union Bank of India tie-up with IndiaFirst Life Insurance). Focus on growing insurance sales, managing partner relationships, and ensuring compliance with bancassurance processes.

Key Responsibilities

• Manage and grow bancassurance business through assigned bank partners.

• Achieve sales targets for life insurance products (term plans, savings plans, health riders).

• Coordinate with bank relationship teams to enhance product penetration.

• Train and motivate bank staff/sales teams on product features & sales techniques.

• Monitor the sales funnel — leads, conversions, closures, renewals.

• Ensure KYC, compliance, and documentation accuracy.

• Provide periodic MIS & reports to regional/bancassurance leadership.

Skills & Competencies

• Good communication & interpersonal skills

• Basic knowledge of life insurance products & bancassurance model

• Target-driven with focus on customer engagement

• Ability to collaborate with bank staff and internal teams

• Analytical mindset for tracking performance metrics

Experience & Education

• Bachelor’s degree (preferably in Business/Finance/Marketing)

• 1–3 years experience in insurance sales / bancassurance / financial sales

• Prior exposure to bank partnerships is a plus

Delivery Focus

• Drive revenue growth via the Union Bank of India – IndiaFirst Life Insurance channel.

• Strengthen partner engagement, product awareness, and sales execution.

• It is a Full Time అమ్మకాలు / వ్యాపార అభివృద్ధి job for candidates with 0 - 6+ years Experience.