Website:
sbilife.co.in
Job details:
Company Description SBI Life Insurance Co. Ltd., one of India’s most trusted life insurers, serves millions of families with a broad portfolio of Protection, Pension, Savings, and Health solutions for both individual and group customers. The company operates across the country through an extensive network of over a thousand offices, tens of thousands of employees, and a wide base of agents, corporate agents, bancassurance partners, brokers, and other distribution channels. SBI Life emphasizes a customer-first approach, focusing on operational efficiency, ethical practices, and seamless claim settlement, while continuously enhancing digital experiences for customers, partners, and employees. It is listed on the Bombay Stock Exchange and the National Stock Exchange, and is committed to offering a healthy, flexible work environment along with strong CSR engagement in areas such as child education, healthcare, disaster relief, and environmental initiatives.
Role Description The Business Development Manager – SBI Life Bancassurance role is a full-time, on-site position based in Jamshedpur. This role is responsible for driving life insurance business through designated bancassurance partner branches, including achieving sales targets, deepening relationships with bank staff, and ensuring consistent branch activation. Daily tasks include planning and executing sales activities, conducting product presentations, training and motivating bank teams, and supporting them in customer meetings to convert leads into business. The role also involves monitoring performance metrics, ensuring adherence to regulatory and internal compliance guidelines, and providing timely reporting and market feedback. The Business Development Manager will collaborate closely with regional sales teams and bank stakeholders to enhance customer experience and grow the portfolio in a sustainable, customer-centric manner.
Qualifications
- Candidates should possess strong sales and business development skills, including target achievement, opportunity identification, and pipeline management within financial services or insurance.
- Candidates should possess relationship management and stakeholder engagement skills to collaborate effectively with bank branch staff, regional leaders, and internal teams.
- Candidates should possess customer service and communication skills, with the ability to explain insurance products clearly, handle objections, and support customers in making informed decisions.
- Candidates should possess training and coaching abilities to regularly guide bank personnel on SBI Life products, processes, and best practices in bancassurance selling.
- Candidates should possess basic analytical and reporting skills to track branch performance, analyze sales trends, and prepare concise reports for management review.
- Relevant qualifications such as a bachelor’s degree in business, finance, marketing, or a related field, along with prior experience in insurance or banking, would be beneficial.
- Knowledge of life insurance products, regulatory requirements, and local market dynamics in Jamshedpur and surrounding areas would be an added advantage.
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