with bank branch staff, branch managers, and other key stakeholders to enhance the insurance sales process.
Ensure that the banking partner's staff are well-informed about the life insurance products and services offered, fostering a strong, cooperative relationship.
Provide regular support, product training, and guidance to bank employees on insurance offerings.
Sales Support
:
Support
sales targets
by driving the promotion of life insurance products through the bank's customer base.
Ensure effective
cross-selling
of life insurance products, including term life, endowment policies, ULIPs (Unit-Linked Insurance Plans), etc., through various bancassurance channels.
Identify opportunities to increase insurance penetration by conducting regular visits to bank branches, ensuring that sales goals are met.
Training and Development
:
Conduct
training sessions
for bank staff to ensure they are equipped to recommend and sell life insurance products.
Keep the staff updated on new products, changes in policies, and market trends.
Customer Acquisition and Retention
:
Target new customers
by coordinating with the bank's relationship managers and sales teams.
Assist in
customer retention
by ensuring excellent post-sales service, addressing queries, and resolving complaints effectively.
Track and manage customer leads through CRM tools to ensure timely follow-ups.
Product Knowledge and Strategy
:
Have an in-depth understanding of the company's
life insurance products
to help address customer queries and recommend appropriate solutions.
Work closely with the bank to execute promotional campaigns, meetings, and events to drive product visibility.
Compliance and Reporting
:
Ensure adherence to all
regulatory requirements
and company policies during all stages of the sales process.
Maintain detailed records of client interactions, sales activities, and lead management.
Provide regular reports on performance, customer feedback, and market conditions to the senior management.
Customer Relationship Management
:
Maintain a high standard of
customer service
, ensuring timely follow-ups and resolution of issues.
Build a rapport with existing clients to encourage repeat business and referrals.
Collaboration with Internal Teams
:
Work closely with the
underwriting, claims, and operations teams
to ensure smooth service delivery for bancassurance clients.
Collaborate with the bank's managers and sales teams to understand customer needs and propose suitable solutions.
Skills and Qualifications:
Educational Qualification
:
A
Bachelor's degree
in business, finance, marketing, or related fields is usually required. A Master's degree in business (MBA) or related fields is often preferred.
Experience
:
1-2 years of experience
in sales, relationship management, or bancassurance roles, preferably in the life insurance or banking sectors or Freshers.
Experience in
financial services
or
insurance products
would be an advantage.
Key Skills
:
Strong
communication
and
interpersonal skills
to build relationships with banking staff and customers.
Deep
knowledge of life insurance products
and industry trends.
Excellent
salesmanship
and the ability to meet sales targets.
Problem-solving skills
to address client concerns and issues.
Job Type: Full-time
Application Question(s):
What is your Notice Period₹
What is your Current CTC₹
Experience:
Baking/Insurance/BFSI: 1 year (Required)
Work Location: In person
Job Type: Full-time
Pay: ₹30,000.00 - ₹35,000.00 per month
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