Senior Executive - Bancassurance

PeopleStrong; Vapi; On-site; INR 600,000 - 800,000; Full time

Job summary

HDFC ERGO General Insurance is seeking a Senior Executive - Bancassurance to drive bancassurance strategies and coordinate with bank partners and internal teams. You will guide a sales force, monitor performance, and ensure alignment with regulatory and company standards.

The role requires strong leadership, detailed plan execution, and the ability to push growth across insurance channels in a competitive market.

Qualifications

• Graduation is required as a minimum educational qualification.
• Experience in bancassurance or insurance distribution is preferred.

Responsibilities

• Bancassurance strategy & execution.
• Designing, implementing and executing strategies for continuous growth.
• Ensuring achievement of the GWP numbers, market share and budgeted penetration.
• Regular interaction with line managers, channel partners, and bank teams.
• Providing training to the team and reviewing performance.
• Hiring and maintaining diversity within the team and controlling attrition.
• Grooming and hand-holding of direct reports including 5–7 Sales Managers.
• Managing channel relationships through product training and rewards drives.
• Maintaining channel relationships with internal and external teams.
• Daily coordination with internal teams via huddles or one-to-one calls.

Skills

Graduation

Job description

Posted On 11 Feb 2026

End Date 11 Feb 2027

Required Experience 1 - 4 years

Basic Section

New Job Title Senior Executive - Bancassurance

No. Of Openings 1

Grade JM1

Campus/Non Campus Non Campus

Employment Type Permanent

Organisational

Company HDFC ERGO General Insurance

Legal Entity HDFC ERGO General Insurance

SBU/ Channel BANCA

Business Function Sales

Cost Center B4 Branch Banking

Cost Center Code 1856

Department Retail Business Group

Function Bancassurance

Business Zone NA

Job Role Sales Manager

Country India

Region West

City Vapi

Physical Branch Vapi

Branch Vapi

Branch Code 2305

Type of Office Branch

Skills

Skill

Graduation

CERTIFICATION

Working Language

Job Description

• Bancassurance strategy & execution
• Designing, implementing and executing strategies for continuous growth. Further, discussing and allocating the penetration percentage to the team
• Ensuring achievement of the GWP (Gross Written Premium) numbers, market share and the penetration of the budgeted numbers
• Regular interaction and co-ordination with the line managers, channel partners, third-party team (TPT) and line team of the bank
• Providing the required training to the team and providing periodic review of team performance and setting agenda
• Responsible for timely hiring, maintaining and encouraging the diversity and controlling the attrition
• Responsible for grooming and hand-holding of the direct reportee's including 5 to 7 Sales Managers Engagement with channel
• Ensuring team and channel management through product training and R&R (Rewards & Recognition) drives
• Maintaining channel relationship management and ensuring the same is adhered by the internal team members Coordination with internal & external team
• Daily coordination with the internal team via huddles calls or one to one call along with managing relationship across the bank internally & externally
• Relationship managing between interdepartmental teams Compliance & Adherence
• Ensuring all the activities including conducting R&R (Rewards & Recognition) to following new and existing processes are following the required compliance and adherence requirements