Manager- Bancassurance- IDFC Bank

From 3 to 7 year(s) of experience
₹ 5,00,000 - 8,00,000 P.A.

Job Description

Roles and Responsibilities

Channel Management - Driving the Group Business for IDFC FIRST Bank relationship. Formulating the business plan for the channel meeting the organizational objectives.
•Business Initiatives -Drive Market share for HDFC Life in all lines of business. Acquisition & onboarding of new sements with the partner .
Digital Initiatives -Driving & promoting use of Digital tool such as LifeNext, Group TEBT, Instago and any other digital initiates launched by organization.
Operations : Managing the Complete Operational wit respect to Group Business i.e. Issuances, Claims, Pendency & Sales Support to internal & external stakeholders
Building & Driving Strategy & Review Mechanism- Organizing Strategy meet ,Monthly Business Review ,Account & Sale Team ,IT Projects Review
• Evaluates and monitor the systems / process enablers for business and suggest improvements for operational efficiencies
• Continuous interaction with internal stake holders to facilitate business processing
• Evaluates channel specific quarterly sales and marketing activity planner for the channel and its executions
Driving Key Business leavers
a) Unit Penetration, b)Value Penetration c) Loan Coverage d)Rider Attachment
Channel Audit ,Compliance & SP Process Management -
1.Audit & Compliance related activities of Channel
2.Regular Review with Channel on SMP Compliance
3.• Partner audit as per IRDA / RBI guidelines. To facilitate the same through audit/legal/compliance teams of HDFC Life &partner
•Manpower - manpower budget of channel as per the business plans and objectives & Allocation of budgets to Sales as per budget.

Desired Candidate Profile

  • Knowledge of life insurance business and distribution channels Should preferably have sales as well as account management experience.
  • Data Management
  • Business Perspective Thinking
  • Collaboration
  • Interpersonal Skills
  • Assertiveness
  • 4-6 years in relationship management, team management and sales/distribution functions.
  • Graduate/ Post Graduate

Role:Key Account Manager

Salary: 5,00,000 - 8,00,000 P.A.


Functional Area:Sales & Business Development

Role Category:Enterprise & B2B Sales

Employment Type:Full Time, Permanent


UG:Any Graduate

PG:Any Postgraduate

Company Profile


HDFC Life, one of India€™s leading private life insurance companies, offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India€™s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.

HDFC Life€™s product portfolio comprises solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing the plans, by adding optional benefits called riders, at a nominal price. The company currently has 37 retail and 8 group products in its portfolio, along with 9 optional riders catering to the savings, investment, protection and retirement needs of customers.

HDFC Life continues to have one of the widest reaches among new insurance companies with about 500 branches in India touching customers in over 900 cities and towns. The company has also established a liaison office in Dubai. HDFC Life has a strong presence in its existing markets with a strong base of Financial Consultants. For more information, please visit our website,
Company Info
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Contact Company:HDFC Life