Business Development Manager

Company Description Bajaj Life Insurance is one of Indias fastest-growing life insurance companies, offering a broad portfolio of solutions including ULIPs, term insurance, retirement, and child plans to support long-term financial security and life goals. With over 3.47 crore policyholders, an AUM of ₹1.34 lakh crores, a 99.33% claim settlement ratio, and a 266% solvency margin, the company is recognized for financial strength and reliability. Bajaj Life provides innovative products such as ULIPs with zero allocation charges, specialized term plans including options for people with diabetes and women, and disciplined investment solutions like Systematic In/Systematic Out. A robust distribution network of 598 branches, 1.61 lakh insurance consultants, and leading bank partnerships ensures widespread access and customer-focused service. The organization promotes an innovative, collaborative culture for its 27K+ employees and has earned multiple awards, including the Worlds Digital Insurance Award 2025 and repeat recognition as a Best Employer in India.

Role Description This full-time, on-site Business Development Manager role is based in Hosur. The Business Development Manager will be responsible for identifying and acquiring new customers, nurturing relationships with existing clients, and driving sales of Bajaj Lifes insurance products through effective field engagement. The role includes developing and executing local business growth plans, managing channel partners and insurance consultants, and coordinating closely with branch and regional teams to meet and exceed sales targets. The individual will analyze market trends, track competitor activities, and provide feedback to product and marketing teams to refine offerings and campaigns. Daily tasks also involve maintaining accurate sales reports, ensuring regulatory and internal policy compliance, and representing the brand with a strong customer-first approach in all interactions.

Qualifications

• Strong sales and business development skills, including lead generation, relationship management, and negotiation abilities.
• Knowledge of life insurance products, financial planning concepts, and basic market and competitor analysis.
• Effective communication and interpersonal skills, with the ability to influence stakeholders and collaborate across teams.
• Proficiency in planning, organizing, and reporting, with comfort using CRM tools and standard office software.
• Bachelors degree in Business, Finance, Marketing, or a related field; MBA or postgraduate qualification is an advantage.
• Proven field sales or financial services experience, preferably in life insurance or banking, with a track record of meeting targets.
• Ability to work on-site in Hosur, travel locally as needed, and operate in a fast-paced, performance-driven environment.
• Commitment to ethical selling, regulatory adherence, and delivering a high-quality customer experience.