Relationship Manager - Bancassurance Channel

Company: Star Union Dai-ichi Life Insurance Company Ltd. (SUD Life)
Department: Bancassurance Sales
Designation: Relationship Manager
Employment Type: Full-Time
Industry: Life Insurance

Experience: 1-6 Years
Education: Graduate (Any Discipline)
Location: Multiple Locations Across Jharkhand

Compensation & Benefits:

- Attractive Fixed Salary
- Performance Incentives
- Quarterly & Annual Rewards Programs
- Quick Track Career Progression
- Employee Benefits & Insurance Coverage
- Professional Sales & Product Training
- PF, Gratuity & Statutory Benefits

Key Responsibilities:

Sales & Business Development

- Drive Life Insurance sales through assigned Bank Branches.
- Achieve monthly, quarterly, and annual business targets.
- Generate leads through branch references and customer interactions.
- Conduct customer meetings and identify insurance opportunities.
- Promote and sell Life Insurance products based on customer needs.
- Ensure complete business conversion from received leads.

Branch Relationship Management

- Build strong working relationships with Branch Managers, Relationship Managers, and other bank officials.
- Regularly engage with branch staff to generate referrals and customer leads.




- Provide product training and support to branch employees.
- Motivate branch teams to maximize insurance business generation

Customer Acquisition & Advisory

- Understand customer financial goals and protection requirements.
- Conduct Financial Need Analysis (FNA) and recommend suitable insurance solutions.
- Explain product features, benefits, returns, riders, and claim settlement processes.
- Deliver superior customer experience throughout the sales cycle.

Reporting & Administration

- Prepare daily activity reports and sales updates.
- Monitor branch-wise business performance.
- Maintain sales MIS and productivity records.
- Participate in review meetings and sales planning activities.

Eligibility Criteria:

Educational Qualification

- Graduate in any discipline from a recognized university.
- MBA or Postgraduate qualification preferred.

Experience

- 1-6 years of experience in:
- Life Insurance Sales
- Bancassurance
- Retail Banking
- CASA Sales
- Wealth Management
- Mutual Funds
- Financial Products Sales
- Relationship Management

- Freshers with exceptional sales aptitude may also be considered.

📌 Relationship Manager (Chaibasa)
🏢 Star Union Dai ichi Life Insurance (SUD Life)
📍 Chaibasa