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Business Development Manager
Business Development ManagerAxis Max Life Insurance • Tirupati, Andhra Pradesh, India
Business Development Manager

Business Development Manager

Axis Max Life Insurance • Tirupati, Andhra Pradesh, India
18 days ago
Job description

Job Description

Job Title

BDM APC

Location

Multiple

Department

Agency

Function

Agency Partner Channel

Reporting to

Office Head

Band

4A

Channel Summary

The agency channel refers to a distribution method where insurance products are sold through agents. These agents act as intermediaries between the insurance company and customers facilitating the sale of policies providing customer support and offering advisory services. This initiative is expected to improve customer experience especially in markets where customers prefer human interaction. It also supports customer in

  • Resolving policy service need
  • Renewal collection to resolve policy holders service needs Cross sale opportunity

Job Summary :

Opportunity to be associated with MAX Life Insurance Pvt. Ltd. As Business Development Manager and build a distribution enterprise.

Responsible for recruiting and managing a team of Leader and agents.

Responsible for recruiting a team of Leaders who will recruit agents and agents will source direct business.

Key Responsibilities / Key Deliverables :

  • Exceed recruitment target on new agency leaders and agent enrollments.
  • Enhance quantity and quality recruitment by developing successful leaders.
  • Emphasis on quality recruitment by the Agency Leaders and Agency Associates through one-on one session.
  • Create mutual support platform for Financial Executives Agency Associate and Agents to enable easier recruitment.
  • Enhance AFYP & Number of cases by the unit.
  • Focus on potential EC MDRT CEO council agents through complete unit.
  • Focus on number of R&R winners.
  • Focus on enablement and development of the team
  • Ensure agents agency associates agency associates unit and agency leader unit is in complaint with various IRDA guidelines.
  • Timely contract of agents and agency associates within regulatory guidelines
  • Monitoring IRDA guidelines impacting AAP channel at regional level.
  • Track competition regularly at regional level on various measure such as new strategies new compensation models
  • Measures of Success :

    Building a chain of successful leaders (Financial Executives)

    Recruitment (contracted agents) numbers

    Add-on of AFYP & number of cases in the team.

    Add-on of number of new agency associates

    Case Rate & Case Size

    Agent satisfaction survey

    Accuracy and timeliness of information

    Key Relationships (Internal / External) :

    HO co-ordination

    Sales promotion activities

    Assist in overall running of the Office

    Desired qualification and experience

    Job Specifications :

    Overall experience of 4-6years

    Preference will be given to candidates having man management experience

    Should have minimum of 2 years of sales experience.

    Minimum Graduation in any discipline MBA will be an added advantage.

    KEY COMPETENCIES / SKILLS REQUIRED

    Selling Skills

    Relationship Building skills

    Coaching and Developing Team

    Result Orientation

    Resilience

    Discipline

    Demonstrating Adaptability

    About Axis Max Life Insurance

    Axis Max Life Insurance Limited formerly known as Max Life Insurance Company Ltd. is a Joint Venture between Max Financial Services Limited (MFSL) and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process a customer-centric approach to engagement and service delivery and trained human capital. As per the annual audited financials for FY2023-24 Axis Max Life Insurance has achieved a gross written premium of INR 29529 Cr. For more information please visit the company website at .

    #ComeAsYouAre LGBTQIA and PwD candidates of all ages are encouraged to apply

    Job Description

    Job Title

    BDM APC

    Location

    Multiple

    Department

    Agency

    Function

    Agency Partner Channel

    Reporting to

    Office Head

    Band

    4A

    Channel Summary

    The agency channel refers to a distribution method where insurance products are sold through agents. These agents act as intermediaries between the insurance company and customers facilitating the sale of policies providing customer support and offering advisory services. This initiative is expected to improve customer experience especially in markets where customers prefer human interaction. It also supports customer in

  • Resolving policy service need
  • Renewal collection to resolve policy holders service needs Cross sale opportunity
  • Job Summary :

    Opportunity to be associated with MAX Life Insurance Pvt. Ltd. As Business Development Manager and build a distribution enterprise.

    Responsible for recruiting and managing a team of Leader and agents.

    Responsible for recruiting a team of Leaders who will recruit agents and agents will source direct business.

    Key Responsibilities / Key Deliverables :

  • Exceed recruitment target on new agency leaders and agent enrollments.
  • Enhance quantity and quality recruitment by developing successful leaders.
  • Emphasis on quality recruitment by the Agency Leaders and Agency Associates through one-on one session.
  • Create mutual support platform for Financial Executives Agency Associate and Agents to enable easier recruitment.
  • Enhance AFYP & Number of cases by the unit.
  • Focus on potential EC MDRT CEO council agents through complete unit.
  • Focus on number of R&R winners.
  • Focus on enablement and development of the team
  • Ensure agents agency associates agency associates unit and agency leader unit is in complaint with various IRDA guidelines.
  • Timely contract of agents and agency associates within regulatory guidelines
  • Monitoring IRDA guidelines impacting AAP channel at regional level.
  • Track competition regularly at regional level on various measure such as new strategies new compensation models
  • Measures of Success :

    Building a chain of successful leaders (Financial Executives)

    Recruitment (contracted agents) numbers

    Add-on of AFYP & number of cases in the team.

    Add-on of number of new agency associates

    Case Rate & Case Size

    Agent satisfaction survey

    Accuracy and timeliness of information

    Key Relationships (Internal / External) :

    HO co-ordination

    Sales promotion activities

    Assist in overall running of the Office

    Desired qualification and experience

    Job Specifications :

    Overall experience of 4-6years

    Preference will be given to candidates having man management experience

    Should have minimum of 2 years of sales experience.

    Minimum Graduation in any discipline MBA will be an added advantage.

    KEY COMPETENCIES / SKILLS REQUIRED

    Selling Skills

    Relationship Building skills

    Coaching and Developing Team

    Result Orientation

    Resilience

    Discipline

    Demonstrating Adaptability

    About Axis Max Life Insurance

    Axis Max Life Insurance Limited formerly known as Max Life Insurance Company Ltd. is a Joint Venture between Max Financial Services Limited (MFSL) and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process a customer-centric approach to engagement and service delivery and trained human capital. As per the annual audited financials for FY2023-24 Axis Max Life Insurance has achieved a gross written premium of INR 29529 Cr. For more information please visit the company website at .

    #ComeAsYouAre LGBTQIA and PwD candidates of all ages are encouraged to apply

    Required Experience :

    Manager

    Key Skills

    Business Development,Sales Experience,B2B Sales,Marketing,Cold Calling,Account Management,Territory Management,Salesforce,Affiliate Marketing,CRM Software,negotiation,Lead Generation

    Employment Type : Full Time

    Experience : years

    Vacancy : 1

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    Development Manager • Tirupati, Andhra Pradesh, India

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