ASM - TPD sales - HDFC Tele - Delhi NSP

Aditya Birla Group; Delhi; On-site; INR 800,000 - 1,200,000; Full time

Benefits offered by this job

Health insurance benefits

Employee training programs

Career progression opportunities

Job summary

Birla Carbon is seeking an Area Sales Manager (ASM) for TPD sales in Delhi. The role involves driving sales through partner banks, managing relationships, and ensuring activation of point of sale partners. The ideal candidate will oversee the P&L for the zone, adapt marketing strategies based on market analysis, and lead a team to achieve business objectives.

With over 5 years of experience in sales, particularly in the health insurance sector, you'll be pivotal in enhancing revenue growth and building long-lasting partnerships.

Qualifications

• 5+ years of experience in sales, preferably in the insurance or financial services sector.
• Strong analytical skills to understand market dynamics.
• Experience in managing partnerships and relationship-building.

Responsibilities

• Drive sales via partner banks and manage key relationships.
• Ensure activation and productivity of point of sale (POS) partners.
• Manage overall P&L for the zone and achieve planned business output.

Skills

Relationship management

Sales strategy

P&L management

Market analysis

Team leadership

Education

Bachelor's degree in business or related field

Job description

ASM - TPD sales - HDFC Tele - Delhi NSP

Job Description:

About the Health Insurance Industry – While the current market sees more than 15 non‑life players in the private space and 5 exclusive private players in the health insurance space trying to capture a sizable market share, the nationalised service provider (6) remains a strong competitor. In addition to this the business dynamics are such that the overall market on an annual basis which is to the tune of roughly 10,000 Crs sees close to 85 % of the business renewing with the existing service provider itself. This narrows down the opportunity of the fresh business actually being seriously fought in the market to approximately 1500 odd Crs. With the SME and the start‑ups being the driving force of Indian economy, the opportunity to cater to these segments is immense and is increasing manifold year on year. The challenge here therefore remains as to how we capture a larger share of the opportunity by developing specific solutions to cater each segment of the business. Also by creating an inexpensive and standardised solution to increase the reach into the pockets of channel partners across the country to harness on their captive business and explore new opportunities with them.

Market Opportunities – With the advent of medical advancements, lifestyle changes, change in Indian socio‐economic scenario and Indian healthcare space, the insurers are facing challenges to cater to the needs of this diverse clientele. Increasingly Indian customers have started considering health insurance partners as entitlements of health advisers. In this scenario it becomes extremely important to understand their psyche and then provide tailored solutions with wellness benefits which would help them meet their end objectives and bring in profitable revenue source for the company.

About the Aditya Birla Health Insurance –

Aditya Birla Health Insurance Co. Limited (ABHICL) was incorporated in 2015 as a 51:49 joint venture between Aditya Birla Capital Limited (ABCL) and MMI Strategic Investments (Pty) Ltd. ABHICL commenced its operations in October 2016. ABHICL has entered the competitive health insurance market with an aim to expand the category to wider customer segments, beyond the ones that health insurance companies traditionally have marketed to. As the 6th entrant in a category with well‑established players, ABHICL is creating differentiation and equity for itself through the unique business proposition of “Health Insurance for All”, a one‑of‑a‑kind proposition in India at the moment.

ABHI’s unique offering to market includes –

• A Comprehensive Incentivised Wellness Program that will attract the young and health conscious and will motivate, guide and reward them to stay healthy.
• A Chronic Care Management Program to cater to the unmet needs of a growing Indian population of those suffering from chronic lifestyle conditions like Diabetes, Asthma, High Cholesterol and Hypertension from Day 1.
• ABHICL serves as an enabler and influencer of health and healthcare choices that customers make, in addition to being a payer of healthcare expenses. Thus, ABHICL would act like a much needed catalyst to grow the prevalent health insurance landscape in India through product innovations and a wider choice of consumer relevant products.
• ABHICL’s vision has always been digital. The company has been successful in adopting paper‑less approach right from identifying to onboarding to delivering seamless experience of its customers & employees.

Key Challenges for the role –

• Gaining greater mindshare of partners in a multi‑partner architecture. In the new open architecture, a partner gives access to limited channels or geography, which consequently leads to sharing of the same revenue pie and thereby reduces revenue from each partner.
• Managing multiple relationships – and thereby managing differing partner expectations across a wide spectrum of customer segments and reach.
• Drive POS activation: With multiple products being available to a POS, and because of low ticket size it is important to ensure interest of POS among the wide spectrum of products available and achieve month on month activation.

Key Result Areas

Driving sales via various channels of Partner Bank

• Identify and build relationship with key stakeholders to gain mind‑share.
• Continuous interaction with key stakeholders to ensure understanding of market pulse and put in force right initiative at right time to maximise revenue.
• Drive channel strategy as per cos directives to increase revenue growth in profitable segments / large clients.
• Understand market dynamics and offering of other manufacturers to the Bank.
• Take regular feedback from Bank to help innovate products and provide solutions at an organisational level.
• Pursue client specific requirement along with channel partners to support conversion.
• Manage a pipeline to achieve desired numbers and continuously update the same.

P & L

• Manage overall P&L of the zone and deliver planned business output in desired product mix and quality.
• Work with product team to focus on conversions and retention of profitable clients.
• Weekly track business growth and seek support from various stakeholders towards closure of business.

Enable sales force to ensure productivity and retention

• Collaborate on creation of appropriate progression plans.
• Collaborate on creation of appropriate training plans.
• Ensure communication of objectives, new initiatives and programs across all levels.

Renewal persistency

• Decode client’s requirement, pain points and opportunity areas.
• Provide needs‑based solutions to clients to increase stickiness.
• Build & strengthen relationships across the various stakeholders within the company, within the concerned partner for the account as well as within the internal stakeholders in the co. to ensure that the offering we propose, meets their expectations.

Identify and develop a team of sales professionals for the Channel

• Recruit the best talent from the available clutter.
• Discover more about life at Aditya Birla Group.