Bancassurance Relationship Manager
Prudential Health
- Location
- Mumbai, Maharashtra, India
- Employment type
- Full-time
- Posted
- 2026-09-25
About the job
We are seeking a dedicated and strategic Bancassurance Relationship Manager to join our esteemed insurance company. The ideal candidate will have a robust understanding of both banking and insurance sectors, with a focus on fostering and managing relationships between the bank and our insurance company. This role requires a proactive and results-driven professional who can effectively collaborate with bank staff to maximize insurance penetration and achieve sales targets through bank channels.
Responsibilities
- Develop and maintain strong relationships with bank partners to ensure a seamless flow of business.
- Train and support bank employees on insurance product knowledge and sales techniques to enhance sales performance.
- Implement strategic business plans with bank partners to drive sales and meet agreed targets.
- Monitor sales performance and provide regular feedback and coaching to bank staff to improve productivity.
- Coordinate with internal teams to ensure compliance with both banking and insurance regulations.
- Analyze market trends and competitor activity to adjust strategies and maintain competitive advantage.
- Organize and manage promotional events and campaigns in collaboration with bank partners to increase product visibility.
- Handle customer inquiries and issues related to insurance products sold through bank channels, ensuring high levels of customer satisfaction.
- Prepare and present regular performance reports to senior management, highlighting successes, challenges, and areas for improvement.
Requirements
- Proven experience in bancassurance, with a strong understanding of insurance products and banking operations.
- Excellent relationship management and communication skills.
- Strong analytical skills and the ability to work with sales targets.
- Proficiency in CRM software and Microsoft Office Suite.
- Ability to train and motivate staff in sales techniques and product knowledge.
- Knowledge of regulatory requirements affecting bancassurance.
- Strategic thinking and the ability to plan and execute business strategies.