Business Development Manager

IndiaFirst Life; Mysuru; On-site; INR 446,000 - 893,000; Full time

Benefits offered by this job

Fixed salary

Performance incentives

International travel

Distribution network growth

Direct mentorship

Career development

Job summary

IndiaFirst Life Insurance is hiring a Business Development Manager for our Mysuru branch. You will recruit and develop Business Associates, empowering them to build Financial Advisor networks and generate life insurance business through this distribution channel.

Reporting to the Branch Manager, you will expand the business network, develop productive teams, and drive growth while ensuring compliance with insurance regulations and company policies.

Qualifications

• Graduate in any discipline.
• Prior experience in life insurance is mandatory.
• Experience in agency development or recruitment is preferred.

Responsibilities

• Recruit and onboard Business Associates in Mysuru.
• Help build Financial Advisor networks through BDM-led training.
• Drive life insurance sales via the BA channel.
• Expand distribution network across Mysuru and nearby areas.
• Collaborate with Branch Manager to meet targets.
• Ensure compliance with regulations and internal policies.

Skills

Communication

Networking

Negotiation

Relationship building

Team building

Self-driven

Target-oriented

Education

Graduate in any discipline

Job description

We’re Hiring! Business Development Manager – Life Insurance

Company: IndiaFirst Life Insurance

Employment Type: Full-time

About IndiaFirst Life Insurance

IndiaFirst Life Insurance is a life insurance company promoted by Bank of Baroda and Union Bank of India, with investment from Carmel Point Investments India Private Limited, backed by Warburg Pincus.

Since commencing operations in 2009, IndiaFirst Life has focused on providing life insurance solutions that help individuals and families plan for financial protection, savings, and long-term financial goals.

With an established banking partnership network, a growing distribution footprint, and a focus on customer-centric solutions, IndiaFirst Life offers professionals an opportunity to build their careers in the life insurance and financial services industry.

About the Role

We are looking for an ambitious and experienced Business Development Manager (BDM) to join our Mysuru branch.

The primary responsibility is to recruit and develop Business Associates, enable them to build their own Financial Advisor networks, and generate life insurance business through this distribution channel.

Working directly with the Branch Manager, you will play a key role in expanding the business network, developing productive teams, and achieving business growth.

Key Responsibilities

• Business Associate Recruitment: Identify, approach, recruit, and onboard potential Business Associates.
• Team Building: Support Business Associates in recruiting and developing their Financial Advisor networks.
• Business Generation: Drive life insurance sales through Business Associates and their teams to achieve assigned business targets.
• Market Expansion: Identify new business opportunities and expand the distribution network across Mysuru and surrounding areas.
• Performance Management: Monitor recruitment, advisor activation, productivity, and business performance.
• Training and Development: Guide Business Associates on product knowledge, sales processes, and effective business development strategies.
• Relationship Management: Build strong, long-term professional relationships with Business Associates and Financial Advisors.
• Business Planning: Work closely with the Branch Manager to execute recruitment strategies and achieve business objectives.
• Compliance: Ensure business activities adhere to company policies and applicable insurance regulations.

Candidate Requirements

• Graduate in any discipline.
• Prior experience in the life insurance industry is mandatory.
• Experience in agency development, Business Associate recruitment, Financial Advisor recruitment, or insurance distribution will be preferred.
• Strong communication, networking, negotiation, and relationship-building skills.
• Ability to recruit, motivate, and develop a productive business network.
• A self-driven, ambitious, and target-oriented approach.

What We Offer

• Fixed monthly salary
• Attractive performance-based incentives linked to business development and achievement.
• International travel opportunities through eligible business contests and incentive programmes, subject to applicable criteria.
• Opportunity to build and develop a strong business distribution network.
• Direct professional association with the Branch Manager.
• Career development opportunities in the life insurance industry.

Ready to Take Your Career to the Next Level?

If you have experience in life insurance and a passion for recruitment, team building, and business growth, this opportunity could be for you.

Join us to build a strong distribution network, earn attractive performance-linked rewards, and explore international travel opportunities.