Role & responsibilities-

Product Design & Innovation

- Develop current insurance products tailored to bank customer segments (e.g., savingslinked products, bundled covers, creditlinked policies).
- Modify existing products based on partner feedback, market trends, and profitability studies.
- Conduct competitor benchmarking and gap analysis.

Product Design & Innovation

- Work closely with Banc assurance partner teams to understand customer needs and branch workflows.
- Co-create product features, pricing, and value propositions.
- Train bank teams on new product launches

Go-to-Market Execution

- Prepare launch kits, sales decks, training materials.
- Work with marketing for visual communication and product campaigns.
- Monitor early performance and resolve operational issues





Pricing & Actuarial Coordination

- Partner with actuarial and underwriting teams for pricing models.
- Assess product profitability, loss ratios, expected claims experience
- Monitor performance KPIs- conversion rates, persistency, claim ratios, channel mix.
- Identify opportunities for product enhancements or withdrawal.

Preferred candidate profile

- Knowledge of bancassurance workflows and customer journey, analytical and product pricing understanding and familiarity with IRDAI guidelines
- Ensure product filings meet IRDAI guidelines
- Experience in Insurance industry

📌 Senior Manager - Product development (Mumbai)
🏢 ICICI Lombard
📍 Mumbai