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

  • Max Life Insurance Co Ltd

Job Description:

Greetings!

 

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:

    Company
    Max Life Insurance Co Ltd


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


    Contact Details
    +919714044557


    Executive Name
    Prashant Wakare


    Perks
    Variables
    Sustainable Technologies Authorised Consultant of Max Life Insurance Co Ltd

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