06 Sep
|
Financial services
|
Kolkata
06 Sep
Financial services
Kolkata
1) Job Purpose: Write the purpose for which the job exists (in 2-3 lines)
The role is responsible for leading Agency Partner Channel in the area and build a sustainable model which will help
ABSLI build distribution strength, penetrate recent markets, increase cost efficiencies and achieve business goals
2) Dimensions Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job.
Dimension Remarks
Manpower (Nos.) Direct: 5 Indirect number is variable
Annualised
Premium (in Cr) 15 – 25 Mn
Net Annualised
Advisor
Commission
(NAAC) (in Cr) 3 – 5 Mn
NOP 600 – 900
Fixed to Variable
Cost 70% : 30%
Persistency 75% 13th Month Persistency
3) Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section
Organization Context –
Aditya Birla Sun Life Insurance Co. launched its life insurance business in India in March of 2000 with a vision to
create long term value along with market leadership, to help people mitigate risks of life, accident, health and
enhance the financial future of customers, including enterprises.
ABSLI is one of the leading players in the Private Life Insurance Industry in India today. Pioneers of the unique Unit
Linked Life Insurance Solutions in India, they have been focused on investment Linked Insurance Products,
supported with protection products to maintain leadership in product innovation.
About the Life Insurance Industry –
The size of the Indian life insurance industry is ? 4.2 trillion on a total-premium basis as of fiscal 2017. In terms of
total premium, the Indian life insurance industry is the 10th largest market in the world and the fifth largest in Asia
based on Swiss Re, sigma No 3/2017 report. The industry’s assets under management (AUM) grew at a compound
annual rate (CAGR) of 19% during fiscal 2001 to fiscal 2017 to ?
📌 Area Head-APC-Chandannagar-Kolkata
🏢 Financial services
📍 Kolkata