Coverfox Insurance
Website:
coverfox.com
Job details:
About the Role
We are looking for an experienced Business Development Manager to drive growth in our B2B/ Corporate affinity insurance referral channel ( Group Credit life, GTLI, GMC etc) . The ideal candidate will build and manage a strong network of referral partners (such as Insurers, NBFCs, banks, financial advisors or affinity partners) to generate consistent insurance business leads, while ensuring compliance, profitability, and long-term partner relationships.
Job location : Gurgaon, Bangalore, Hyderabad
Key Responsibilities
- Identify, onboard, and manage referral partners (Insurers, NBFCs, banks, financial advisors, or affinity partners) to generate insurance leads across life, health, motor, or general insurance lines
- Develop and execute a referral channel strategy to meet monthly/quarterly business targets (premium, policy count, revenue)
- Build and nurture long-term relationships with key affinity partners and stakeholders to ensure sustained business flow
- Train and support affinity partner teams on product knowledge, pitching techniques, and lead conversion processes
- Track partner performance, lead conversion rates, and channel profitability; prepare regular MIS/reports for leadership
- Coordinate with internal underwriting, operations, and claims teams to ensure smooth policy issuance and partner/customer satisfaction
- Ensure all referral arrangements comply with IRDAI regulations and internal compliance guidelines
- Negotiate commercial terms, commission structures, and referral agreements with new and existing partners
- Identify new market opportunities, partnership models, and revenue streams within the referral ecosystem
- Resolve escalations related to partner queries, policy servicing, or commission disputes
Key Requirements
- 6–15 years of experience in business development, channel sales, or partnerships within insurance, banking, or financial services
- Proven track record of managing referral/alliance partnerships and achieving sales targets
- Strong understanding of insurance products (life/health/general) and IRDAI regulatory framework for referral arrangements
- Excellent relationship management, negotiation, and stakeholder management skills
- Strong analytical skills with the ability to track performance metrics and present insights to leadership
- Self-driven, target-oriented, and comfortable working in a fast-paced, partner-facing environment
- Excellent communication and presentation skills
- Bachelor's degree required; MBA preferred
- Willingness to travel as needed for partner meetings and market expansion
- Existing network of contacts in BFSI/insurance ecosystem
Experience working with Insurance company , insurance brokers, corporate agents, or bancassurance channels
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