Shriram Life Insurance - Zonal Head - Group Credit Life
Operations Maintenance & Support
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Job Description
Group Life Insurance Sales (NBFC Channel):
To drive group life (credit life) insurance sales through NBFC partners, build strong distribution relationships, and achieve business targets by increasing product penetration.
Key Responsibilities:
1. Sales & Business Development:
- Source NBFC partnerships/ tie-ups in West region
- NBFC farming in West India for group life insurance business
- Develop a pipeline on prospective NBFC partners to expand distribution network
- Drive group life insurance sales through NBFC partnerships
- Achieve premium, revenue, and penetration targets for West India
2. Partner Relationship Management:
- Build and maintain strong relationships with NBFC partners
- Drive engagement activities and campaigns to boost sales
3. Training & Activation:
- Train NBFC sales teams on group insurance products and processes
- Improve attachment ratio / penetration levels
4. Sales Monitoring, Execution & Operations:
- Manage end-to-end sales cycle: lead generation - conversion - policy issuance
- Coordinate with internal teams group operations, pricing, etc.
- Ensure smooth operations and quick resolution of partner issues
- Performance monitoring and MIS reports
- Ensure adherence to IRDAI regulations and company policies
5. Market Intelligence:
- Gather information on current market practices in group life insurance: offerings in terms of rates/brokerages etc.
- Analyze market trends, competitor products, and customer needs
- Provide feedback to improve product offerings and sales strategy
Skills
SalesBFSI SalesKey Account ManagementSales HeadOperationsIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
""The Shriram Life Insurance Company was founded with the objective of reaching out to the “common man” with products and services that would be helpful to him as he sets out on the path to “prosperity”. Operational efficiency, integrity and a strong focus on catering to the needs of the average Indian , by offering him high quality and cost-effective products and services, are the core values that drive the organisation. These values have been strongly adhered to over the decades and are now an integral part of the organisation’s DNA.
The company prides itself on its deep understanding of the customer. Each product or service is tailor-made to specifically suit the needs of the customer. It is this guiding philosophy of putting people first that has brought the group company closer to the grassroots and has made it the preferred choice for all truck financing requirements amongst the customers.""
The Shriram Life insurance company works with the purpose - To bring every family in the Indian society, especially the segment most vulnerable to the financial impacts of the loss of a breadwinner, into the safety net of Life Insurance.
Operational efficiency, integrity and a strong focus on catering to the needs of the average Indian , by offering him high quality and cost-effective products and services, are the core values that drive the organisation. These values have been strongly adhered to over the decades and are now an integral part of the organisation’s DNA.
The company prides itself on its deep understanding of the customer. Each product or service is tailor-made to specifically suit the needs of the customer. It is this guiding philosophy of putting people first that has brought the group company closer to the grassroots and has made it the preferred choice for all truck financing requirements amongst the customers.
The Shriram Group is one of the largest and well-respected financial services conglomerates in India. The Group's main line of activities in financial services includes chit fund, truck financing, consumer durable financing, stock broking, insurance broking, and life insurance. The Group has a customer base of 30 lacs chit subscribers and investors and operates through a network of 630 offices all over the country. The Group has the largest agency force in the private sector consisting of more than 75,000 loyal and dedicated agents.
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