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 AXIS Bank in March 2024 to sell its insurance products through the Branch 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).

4) Principal Accountabilities

Accountability

Supporting Actions

Business Targets To achieve Business Targets on focused Business parameters like premium, SP/branch activisation, product mix and Persistency thereby contributing to the overall Business Growth and profitability.

1. Work closely with AXIS Bank Burgundy Relationship Managers to provide a bouquet of products and investments to their HNI and Ultra HNI client base.
2. Provide sound ficial,



insurance and wealthmanagement services to protect client assets and grow the net worth of their respective portfolios.
3. Ensure quality of business and persistence.
4. Ensure to increase SP Activisation and selling of greater NOPs through the Team of FLS for greater distribution of ABSLI products
5. Ensure selling of right Product Mix as defined by the organisation to achieve overall business growth and profits.
6. Identify and implement new business opportunities within the allocated area to enhance penetration
7. Implement activities / programs designed at the organisational level to build great visibility, promote branding, and strengthen our relationship with the bank.
8. Train and appraise the RM s on ABSLI products thereby creating a mind space and easy recall for them.
9. Ensure right method of business acquisition and absolutely 0 % mis selling

Pre and PostSales Support and Service: To provide productive and best i

📌 Axis - PWM - Professional (New Delhi)
🏢 Aditya Birla Insulators
📍 New Delhi