Vice President - Product Development

Key Roles & Responsibilities

• Lead product ideation, conceptualization, and design for health line of business.
• Oversee preparation and submission of regulatory filings, documentation, and responses to regulatory queries.
• Conduct product bench-marking and identify opportunities based on evolving market trends and competitor analysis.
• Design and implement go-to-market strategies for new product launches.
• Liaise with marketing, sales, operations, and training teams to ensure smooth rollouts.
• Drive the creation of product training materials and support sales/distribution enablement.
• Monitor and evaluate product performance to ensure profitability, compliance, and customer satisfaction.
• Implement modifications or corrective actions to enhance product relevance and competitiveness.
• Develop new propositions and solutions based on customer needs and sales channel requirements.
• Manage regulatory audits and internal audits related to product filings and process adherence.
• Ensure end-to-end compliance with IRDAI and other regulatory requirements.

                                                       Key Requirements – Education & Certificates

• Graduate or Postgraduate in Business Administration, Commerce, Insurance, Actuarial Science, or related field.
• 12–18 years of experience in product development and management within the insurance sector.

Key Requirements - Experience & Skills

• Strong understanding of health line of business.
• Demonstrated experience in launching and scaling insurance products in competitive markets.
• Strategic thinking and market orientation.
• Excellent stakeholder management and cross-functional leadership.
• Analytical mindset with ability to assess product performance and design corrective measures.
• Proven expertise in handling regulatory filings and managing IRDAI interactions.