Product Head - Life Insurance

Job title: Product Head – Life Insurance Location: Gurgaon BU/Function: Bancassurance Reports to: Head – Bancassurance Overall, Job Description:

• This position serves as a Product & Program driver to achieve overall Life Insurance (LI) business targets for IBL in an open architecture platform.
• Creating and executing product propositions for various deepening insurance penetration in various customers segments /personas of the bank spanning from Mass, Affluent and Alternate channels, NR, Business banking.
• Partner management, product price negotiation basis competitive bench marking.
• Creating Product Programs, Reward & Recognition, and Analytic based campaigns to ensure higher customer and sales team engagement leading to an increase in life insurance penetration in the base.
• Create & execute processes for sales, business quality, and post sales services.
• Front end internal and external audits for insurance business of the bank
• Create new business opportunity propositions, competition benchmarking & regulatory frameworks for the senior management of the bank including market intelligence to track key trends in the Life Insurance industry.
• Building tech solutions for ease of processes and customer experiences.
• Managing healthy product and revenue mix for the bank

• Strong Communication skills
• Sharp analytical orientation
• Having ability to create and deliver business presentations.
• Ability to effectively engage with senior stakeholders.
• Understanding of Project management