Senior Manager - Bancassurance

HDFC ERGO

4 - 9 years

Mumbai

Posted: 25/06/2025

Job Description

Bancassurance strategy & execution

· In charge of executing efficient and aggressive business strategies and achieving the budget

· Responsible for the top-line and bottom-line financial numbers

· Estimating sales volume and profit for existing and new items (MCOR-Marginal Combined Operating Ratio)

· Designing, implementing and executing strategies for continuous growth

· In charge of the profitability management of the zone

· Periodic reviewing of team performance and setting agendas

· Responsible for managing a volume of 10 Crore

· Responsible for the training needs of the team

· Ensuring ample manpower requirements

· Responsible for encouraging the diversity and controlling the attrition

· Accountable for the increase in Gross written Premium, Market share

· Responsible for attending the High Net-worth Individuals (HNI)

· Responsible for sourcing business from all the products that they manage as per the budget

· Responsible for approximately direct reporting of 6 to 7 Sales Managers

Engagement with channel

· Maintaining team and channel relationship management and ensuring the same is adhered by the internal team members

· Increasing engagement with Channel partners through product training, drives or contests and conducting Indoor/outdoor activities to get the required business numbers

Coordination with internal & external team

· Manage relationship across the bank internally & externally

· Ensure relationship managing between Bancassurance and daily coordination with their internal team via huddle calls or one to one call

Compliance & Adherence

· Ensuring all the activities including conducting contests to following new and existing processes are following the required compliance and adherence requirement

Key Requirements- Education & Certificate:

· Post Graduate from a reputed institute will be preferred

Key Requirements- Experience & Skills:

· Efficient team management, channel management, communication skills

· Proven experience of 10+ years is required

· Preference will be given to the candidate with existing sales knowledge & bancassurance industry

About Company

HDFC ERGO General Insurance is a leading private sector general insurance company in India, formed as a joint venture between HDFC Ltd. and ERGO International (a part of the Munich Re Group). The company offers a wide range of insurance products including health, motor, travel, home, and commercial insurance. Known for its customer-centric approach, strong digital infrastructure, and quick claims processing, HDFC ERGO serves millions of individuals and businesses across the country, making it a trusted name in the Indian insurance industry.

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