To lead bancassurance partner relationship in the assigned Zone and achieve business objectives through cost efficiencies, meeting revenue targets and enhancing profitability. To strategize and direct efforts into Business development and Zonal Team Engagement thereby widening and strengthening the partnership contributing to overall business growth.
Dimensions
What are the areas (in quantitative terms) the job has an impact on?
Dimension
Remarks
Manpower
Zone –
Direct : 3 – 6
Indirect : 150 -200
Alternate and Retail
Product Mix
ULIP : As per Channel Targets
Protection : As per Channel targets
Persistency
As per org norms of recent channel
Mindshare
Incremental Mindshare & being preferred partner
Span of Partner Branches
Starting with 50
Job Context & Major Challenges (What are the specific aspects of the job that provide a challenge to the jobholder in the context of the Unit/Zone?
Job Context
Bancassurance is the insurance distribution model wherein the bank allows an insurance company to sell its products to the bank’s client base. ABSLI tied up with IDFC Bank in July 2023 to sell its insurance products through the Non-Branch Banking Channels and Bharat Banking.
Open Architecture model empowers the customers now to select their Life insurance plans from more than one insurer as per their choice at competitive prices. It also lowers chances of Mis selling, with the intervention of multiple regulators like Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority of India (IRDAI).
Principal Accountabilities
Accountability
Supporting Actions
Business Development and Strategy – To pursue stra
📌 ZSM - TPD IB - Bihar (India)
🏢 Aditya Birla Capital
📍 India
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