Product Head

Finhaat Technologies; Mumbai; On-site; INR 2,500,000 - 5,000,000; Full time

Job summary

Finnaat, a financial services platform, seeks a results-driven Product Head – Group Insurance to lead development, strategy, and lifecycle management of group insurance products including life, disability, accident, and health coverage.

This role blends market insight, product strategy, technical knowledge, and cross-functional leadership to deliver competitive, compliant and customer-centric insurance solutions.

Qualifications

• 8–15 years of experience in insurance product management.
• Experience with group insurance products (life, health, disability, accident).
• Understanding of regulatory changes affecting insurance products.

Responsibilities

• Own the product lifecycle for group insurance from ideation to launch and iteration.
• Develop business cases and product strategies aligned with market needs and regulatory changes.
• Collaborate with actuarial, underwriting, and finance teams to define pricing and profitability goals.
• Evaluate and present risk considerations to insurers; suggest additional covers as needed.
• Analyze industry trends and VOC to identify gaps and opportunities.
• Gather VOC insights from employer groups and intermediaries to inform product design.
• Coordinate with client-facing teams to generate quotes, prepare comparative statements, and support policy vetting.

Skills

Cross-functional leadership

Client interaction

Clear communication

VOC insights

Job description

Finnaat – a unique financial services distribution platform catering to the distinctive needs of financially underserved population – the Emerging Indians. Our journey started with the belief that all individuals should be equipped to manage their financial health with ease and confidence. This will be possible only when they have an easy access to solutions that are in line with their financial goals.

Suraksha – Protection from Financial Shocks

Suvidha – Easy access to curated financial services

Samriddhi – Trusted Partner for overall financial prosperity

Finnaat has been created as a marketplace for financial services distribution that seeks to connect the customer to the solution provider through an innovative financial service distribution model.

Finnaat gives the right individual with an environment of immense growth depending on its capability and performance.

Job Description

• Job Title: Product Head
• Experience: 8-15 Years
• Domain: Insurance

Job Summary:

We are seeking a results-driven Product Head – Group Insurance to lead the development, strategy, and lifecycle management of group insurance products such as life, disability, accident, and health coverage. This role requires a blend of market insight, product strategy, technical knowledge, and cross-functional leadership to deliver competitive, compliant, and customer-centric insurance solutions.

Key Responsibilities:

• Own the product lifecycle for group insurance products – from ideation and market research to launch and iteration.
• Develop business cases and product strategies aligned with market needs, regulatory changes, and company goals.
• Collaborate with actuarial, underwriting, and finance teams to define pricing, risk parameters, and profitability goals.
• Evaluate and present the risk to insurance companies (suggesting additional covers depending on the client profile).
• Analyze industry trends, customer needs, and competitor offerings to identify gaps and opportunities.
• Gather voice-of-customer (VOC) insights through employer groups and intermediaries.
• Working with client facing colleagues to understand client's requirements and provide end to end solution for placing the business with the insurers i.e. generating quotes, preparing a comparative statement, follow up and policyvetting.

Product Design & Implementation

• Define product features, eligibility rules, plan designs, and value-added services.
• Collaborate with legal and compliance teams to ensure all products meet regulatory and internal standards.
• Work with technology and operations to define product requirements and support system implementation.
• Identifying risk exposures of the client, understanding the insurance requirements, and providing them with insurance solutions.

Go-to-Market & Sales Enablement

• Develop product positioning, sales training materials, and marketing collateral in partnership with Marketing and Distribution.
• Support RFP responses, sales presentations, and broker engagement for large group deals.
• Working with client facing colleagues to understand client's requirements and provide end to end solution for placing the business with the insurers i.e. generating quotes, preparing a comparative statement, follow up and policyvetting.

Performance Monitoring & Optimization

• Track product performance including enrolment, claims experience, persistency, and profitability.
• Recommend and implement product improvements or portfolio adjustments based on performance and feedback.

Key Skills:

• Ability to drive cross functional team for common objectives.
• Interact with key clients of Group business from time to time to understand their concerns and identify improvement areas
• Goal oriented with positive attitude, sincere, hard- working and ambitious.
• Highly effective verbal and written communication with clarity of thought and expression.
• Knowledge and development of systems and processes to support service delivery.

General Insurance/Life Insurance/Health Insurance

IRDAI License no. 820 I Category – Direct (Life & General)

AMFI registered Mutual Fund Distributor (ARN: 304259)

Date of registration: 14th Aug 2024 | Valid till: 14th Aug 2027

"Mutual fund investments are subject to market risk, read all scheme related documents carefully."