Senior Area Manager Bancassurance

Bajaj Life; Bathinda; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

Bajaj Life Insurance’s Bathinda-based Senior Area Manager Bancassurance will lead life insurance sales through bank partners, coach a field team, and ensure bancassurance strategies are effectively implemented. You will monitor performance, coordinate with branch leadership, drive revenue targets, and maintain high standards of customer service and compliance across the assigned region.

This on-site role requires strong finance and insurance knowledge, proven leadership, and excellent

Qualifications

• Strong finance and life insurance knowledge with bancassurance experience.
• Proven team management with coaching and mentoring.
• Excellent customer service and issue resolution skills.
• Strong sales, pipeline management, and negotiation abilities.
• Experience in financial services or insurance and bank-led distribution.
• Bachelor's degree in business/finance; advanced insurance certifications are a plus.

Responsibilities

• Drive life insurance sales through bank partner channels.
• Manage relationships with branch leadership and staff.
• Implement bancassurance strategies and achieve sales targets.
• Train and support sales teams; ensure compliance and customer service.
• Review pipelines, conduct branch visits, analyze performance data.
• Coordinate marketing activities and resolve issues with stakeholders.

Skills

Finance & Insurance

Team Management

Customer Service

Sales & Negotiation

Banking distribution

Analytical & Reporting

Education

Bachelor's degree in business/finance

Insurance/Financial planning certification

Tools

MS Office

Job description

Company Description

Bajaj Life Insurance is one of India's fastest-growing life insurance companies, offering a broad portfolio of ULIPs, term plans, retirement, and child policies to support diverse financial goals. With over 3.47 crore policyholders, ₹1.34 lakh crores in assets under management, a 99.33% claim settlement ratio, and a strong solvency margin, the organization focuses on long-term security and wealth creation. Its innovative products, such as ULIPs with zero allocation charges, specialized term plans for diabetics and women, and flexible income solutions, are designed to meet varied customer needs. A wide distribution network of branches, insurance consultants, and bank partnerships, supported by digital platforms like WhatsApp and Smart Assist, ensures accessible, customer-first service. Bajaj Life promotes an innovative, collaborative culture across 27K+ employees and has been consistently recognized as a leading employer and digital insurer.

Role Description

The Senior Area Manager Bancassurance is a full-time, on-site role based in Bathinda, responsible for driving life insurance business through bank partner channels. This role involves managing and developing relationships with branch leadership and staff, ensuring effective implementation of bancassurance strategies, and achieving sales and revenue targets for the assigned area. The Senior Area Manager will oversee and guide a team, monitor performance, provide training and support on products and sales processes, and ensure high standards of customer service and compliance. Daily responsibilities include reviewing sales pipelines, conducting branch visits, analyzing performance data, coordinating marketing activities, and resolving operational or customer issues in collaboration with internal stakeholders and bank partners.

Qualifications

• Candidates should possess strong Finance and Insurance skills, with a solid understanding of life insurance products and bancassurance operations.
• Candidates should possess proven Team Management skills, including coaching, performance monitoring, and mentoring of sales teams.
• Candidates should possess excellent Customer Service skills, with the ability to handle queries, resolve issues, and maintain high satisfaction levels.
• Candidates should possess robust Sales skills, including target achievement, pipeline management, negotiation, and relationship-building.
• Additional beneficial qualifications include experience in the financial services or insurance sector, familiarity with bank-led distribution models, and strong analytical and reporting abilities.
• A bachelor's degree in business, finance, or a related field is preferred; advanced certifications in insurance or financial planning are an advantage.
• Effective communication skills, proficiency in MS Office tools, and the ability to work collaboratively with cross-functional teams and bank stakeholders are highly valued.