Sales Manager – Bancassurance Channel | Life Insurance

Key Responsibilities:

- Bank Branch Business Development
- Develop and maintain strong relationships with bank branch managers and staff.
- Generate life insurance business through assigned bank branches.
- Drive achievement of monthly, quarterly, and annual business targets.
- Sales & Target Achievement
- Achieve assigned premium, policy, and revenue targets.
- Identify opportunities for new business and cross-selling.
- Monitor branch-wise performance and take corrective actions to improve productivity.
- Bank Staff Engagement
- Train and motivate bank employees to generate insurance leads.
- Conduct regular meetings, product presentations, and sales campaigns.
- Build strong relationships with branch managers, relationship managers, and other key bank personnel.
- Lead Generation & Conversion
- Ensure regular generation and follow-up of customer leads.
- Guide the team/bank staff on need-based selling and effective customer engagement.
- Improve lead-to-policy conversion ratios.
- Customer Relationship Management
- Ensure high-quality customer service throughout the sales process.
- Support customers and bank partners in understanding life insurance products.
- Encourage persistency, renewals, and long-term customer relationships.
- Business Planning & Analysis
- Prepare branch-wise sales plans and strategies.
- Analyze daily, weekly, and monthly sales performance.
- Identify low-performing branches and implement action plans.
- Product & Process Knowledge
- Maintain robust knowledge of life insurance products, underwriting requirements, and sales processes.
- Ensure sales are conducted according to company and regulatory guidelines.
- Keep bank partners updated about new products,



campaigns, and offers.
- Team Coordination
- Coordinate with internal teams such as Operations, Underwriting, Training, and Customer Service.
- Resolve business-related issues faced by bank partners and customers.
- Ensure smooth processing and issuance of policies.
- Market & Competition Analysis
- Track competitor products, pricing, campaigns, and market activities.
- Develop strategies to improve the company's market share within the assigned bank branches.
- Compliance & Quality Business
- Ensure proper documentation and adherence to sales and regulatory processes.
- Focus on quality business, customer suitability, persistency, and minimizing complaints/free-look cancellations.

Key Performance Indicators (KPIs)
- Premium / APE / WRP achievement
- Number of policies issued
- Branch activation and productivity
- Lead generation and conversion ratio
- Average ticket size
- Branch-wise target achievement
- Persistency and renewal performance
- Customer satisfaction and complaint ratio
- Bank staff productivity

In simple terms: A Banca Sales Manager's primary role is to build a strong partnership with the bank, activate and motivate bank staff, generate quality life-insurance leads, convert them into business, and consistently achieve the assigned sales targets. Pay: ₹25,000.00 - ₹50,000.00 per month

Benefits

- Cell phone reimbursement
- Paid sick time
- Provident Fund

Application Question(s):
- Do you have min 1+ year of experience from life insurance/bank/BFSI products Sales?
- Are you below 30 year of age and stay between borivali-churchgate and ok with 06 working days ?
- i have read the JD carefully and i do qualify for the same ?

Education:
- Bachelor's (Preferred)

Work Location: In person

📌 Sales Manager - Bancassurance (Dadar)
🏢 ONEWAY
📍 Dadar