• T16 - Max Life Insurance Co Ltd - AM/DAM Jobs in Bangalore,India

  • Max Life Insurance Co Ltd

Job Description:



We are urgently recruiting an energetic and career oriented individual for our reputed client Please note that we provide consultancy to only Max Life Insurance Co Ltd


Note - We do not charge any fees from candidates


Name of Client - Max Life Insurance Co Ltd

Direct Payroll - Max Life Insurance Co Ltd

Role Hiring For - Deputy Area Manager and Area Manager

No of Positions - 20 Nos

Channel - IMF (Insurance Marketing Firm)

CTC - Rs 450 Lakhs + Variables for Deputy Area Manager and Rs 750 Lakhs + Variables for Area Manager

Hiring Location - Meerut, Chandigarh, Bhopal, Delhi/NCR


About IMF Channel (Insurance Marketing Firm Channel)


IRDA Regulation on IMF was released on Jan 2015, where companies which are LLP / Pvt limited / cooperative societies were allowed to distribute financial products IMFs are allowed to deals in Insurance of 6 companies (2LI, 2GI, 2 HI), mutual funds, banking products, post etc The pool of IMF s primarily comprises of top Agents in Insurance, Wealth Managers, Loan DSA, CA, Ex - employees from Financial Services with an existing customer base


Job Summary


Implement the strategy to setup and develop the IMF Channel in the designated territory Setup and manage a pool of 10-15 Insurance Marketing Firms managing a revenue stream of around 2 cr


Key Responsibilities / Key Deliverables


  • Understand the IMF regulation, value proposition & registration process

  • Independently implement the IMF acquisition plan in the territory

  • Identify potential leads and sources for prospective IMF’s, coordinate with HO for referred leads

  • Connect with prospects & organize seminars for IMF acquisition

  • Ensure conversion of leads through effective pitch of IMF value proposition

  • Ensure quality of IMF’s in sync with desired profile

  • Enable the setup of IMF of agreed prospects

  • Understand all regulatory requirements and manage the IMF registration process with IRDA

  • Oversee technology support to enrolled IMF’s

  • Ensure seamless contracting of IMF’s with company

  • Manage performance of setup IMF’s in steady state

  • Develop understanding of products & coach IMF staff on product USP’s

  • Implement a performance management and rewards system

  • Drive IMF profitability through improving productivity of IMF’s sellers & controlling cost of sales

  • Provide marketing, training and operational support to IMF’s

  • Manage attrition of IMF’s through revival or replacement

  • Drive quality of business sourced from IMF’s

  • Ensure right product mix and control key quality measures such as leakage and persistency


    Desired Qualification & Experience


  • Minimum Graduate in any Field

  • Minimum 2-7 Years Sales Experience in Agency Channel in Life Insurance Company is Mandatory

  • Good Communication and Presentation Skill


    If Interested, Please revert with your Resume / CV to schedule your Interview


    Thanks & Regards

    Prashant Wakare

    Sustainable Technologies

    Authorised Consultant of Max Life Insurance Co Ltd

    Contact No - 9714044557

    Profile Summary:

    Employment Type : Full Time
    Eligibility : Any Graduate
    Industry : Banking, Insurance
    Functional Area : Sales/Business Development
    Role : Channel Sales
    Salary : Rs 0.50 - 7.50 Lacs p.a.
    Deadline : 08th Apr 2020

    Key Skills:

    Company Profile:

    Max Life Insurance Co Ltd

    Plot No 211, Mahatma Gandhi Nagar, Hudkeshwar Road, Nagpur, Maharashtra 440034

    Contact Details

    Executive Name
    Prashant Wakare

    Sustainable Technologies Authorised Consultant of Max Life Insurance Co Ltd

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