Life Insurance Product Development Specialist

Department Icon Insurance- Life Insurance
97+ Applicants
Posted: 1 year ago
3-5 years
Noida
Work From Office
Upto ₹0 - ₹0

Posted: 1 year ago
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Applicants: 97+
Job Description
About Company
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Job Description

What role you will play in team: You'll be instrumental in creating and launching new life insurance products that meet market demands and company objectives. Your contributions will shape our product portfolio.

What you will do: You will research market trends, analyze competitor offerings, and work collaboratively to design new insurance products.

Key responsibility:

  • Conduct market research to identify opportunities for new life insurance products.
  • Analyze competitor products and pricing strategies.
  • Develop product specifications and marketing materials for new products.
  • Collaborate with actuarial, underwriting, and legal teams to ensure products are viable and compliant.
  • Manage the product launch process, ensuring timely and effective rollout.
  • Monitor product performance and identify opportunities for improvement.
  • Stay updated on industry trends and regulations related to product development.
  • Prepare presentations and reports on product development initiatives.

Required Qualification and Skills:

  • Bachelor's degree in business administration, finance, or a related field.
  • Experience in the life insurance industry is highly preferred.
  • Strong understanding of life insurance products and regulations.
  • Proven ability to analyze market trends and competitor offerings.
  • Excellent communication and presentation skills.
  • Proficiency in market research methodologies.

Benefits Included:

  • Competitive salary and benefits package.
  • Opportunities for career advancement.
  • Professional development programs.
  • Dynamic and challenging work environment.
  • A culture that values innovation and teamwork.

A Day in the Life: A typical day involves analyzing market data, collaborating with cross-functional teams, developing product specifications, and preparing presentations. You'll be constantly engaged in identifying new product opportunities and driving their successful launch.

Skills

Product DevelopmentMarket ResearchInsuranceFinancial AnalysisCommunication

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About Company

Max Life Insurance Company Limited is a life insurance company in India with a joint venture between Max India Ltd and Axis Bank The company is a subsidiary of the publicly listed Max Financial Services and is the largest non-bank private-sector life insurer in India.

Important dates & deadlines?

Application Deadline

12 Jul 25, 11:46 AM IST

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Life Insurance Product Development Specialist

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