• T17A - Life Insurance Company - DAM - Exp 3-5 Years Jobs in Ahmedabad,India - 24951567

  • No 1 Company in Life Insurance Industry

Job Description:



We are urgently recruiting an energetic and career oriented individual for our reputed client


Note - We do not charge any fees from candidates


Name of Client - No 1 Company in Life Insurance Industry

Role Hiring For - Deputy Area Manager (DAM)

No of Positions - 10 Nos

Channel - IMF (Insurance Marketing Firm)

CTC - Rs 45 LPA + Variables

Hiring Location - Jaipur, Raipur, Ahmedabad, Surat and Dehradun


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 2-5 Years Sales Experience in Agency Channel in Life Insurance Industry 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 No 1 Company in Life Insurance Industry

    Contact No - 9714044557

    Profile Summary:

    Employment Type : Full Time
    Eligibility : Any Graduate
    Industry : Accounting-Tax/Consulting, Retailing
    Functional Area : Sales/Business Development
    Role : Channel Sales
    Salary : Rs 0.50 - 4.50 Lacs p.a.
    Deadline : 06th May 2020

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