The Person would be primarily responsible to drive the growth and success of the company’s product portfolio by overseeing the development, innovation, and management of products. This role plays a pivotal part in shaping the company’s competitiveness in the market, ensuring that it meets the evolving needs of customers, complies with regulatory requirements and implement a Strategic Plan (SP) for product development.
Job Responsibilities
Strategy and Planning
Drive the Current Business Value by optimizing the growth and the profit margin as per SP.
Product conceptualization & assist in the formulation & development of the product Strategy, road map & development
Product Launch Strategy – Design & execute the launch plan as well as develop Go to market strategy & launch activities in coordination with Marketing team.
Supports the CINSO in the development of the product plan in accordance with the company's Strategic Plan.
Profitable Growth Proposition
Responsible for value proposition to Customer & Distributor.
Drive Personalized Value Propositions in accordance with the Lifetime Partner strategy. Enhance innovation and ecosystems of Value-Added Services to improve value proposition in collaboration with the Customer Officer.
Product Proposition & Development
Define policies and drive governance for the following areas:
Product Development
New products are aligned to the SP & demand in the local market
Implementation of the product plan.
Development of Social products.
FGILI has a fair position in terms of a comprehensive and competitive portfolio
Modify the products to course correct any deviation to the expected outcomes, both financials and market positioning
Meet regulatory compliance
Portfolio Management
Steer Life Product mix towards profitable lines of business with fair balance between demand in the local market and the strategic objectives of the Group, International and the Asia Region
Expanding and/or pruning of portfolio to ensure a lean pro
📌 Head Product Development (Mumbai)
🏢 Generali Central Life Insurance
📍 Mumbai
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