Assistant Vice President Bancassurance

Singlife Life Ltd; Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

A leading financial services company in Singapore seeks a Business Development professional to drive Bancassurance strategies. The ideal candidate will have 3 to 8 years of relevant experience in Life & Health Insurance and must be a proactive sales driver. This role involves building strategic relationships, meeting sales targets, and ensuring compliance with all regulations. Join a dynamic team and contribute to the channel's growth while enhancing client relationships.

Qualifications

• 3 to 8 years of Business Development or related experience in Life & Health Insurance.

Responsibilities

• Deliver sales targets and business development initiatives.
• Build relationships with Bancassurance Partners.
• Engage with banks' Sales Team Leaders for business outcomes.
• Identify and acquire new business partners.

Skills

Proactive business development skills

Numerical skills related to sales levers and KPIs

Education

Bachelor or Diploma holder

Job description

Job Description

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time.

Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Purpose of the Role

Responsible for the business development in the Singlife Bancassurance channel. Deliver Bancassurance strategies and sales targets that are agreed and aligned with Management’s objectives and direction, positioning Singlife as a preferred insurer in the open architecture bank space.

Key Responsibilities

• Deliver BAU sales targets, sales plans and business development initiatives
• Build strong relationships with external Bancassurance Partners
• Build strong working relationships with internal stakeholders for seamless case management (New Business, Underwriting, Payments, Finance)
• Engage with the banks Sales Team Leaders & Product managers on a regular basis to deliver business outcomes.
• Identify and acquire new business partners to support channel growth and diversification
• Ensure compliance with all applicable laws and regulations relating to the functional activities (Financial Crime, Legal & Compliance)
• Adherence to all finance limits placed on business development relating to APE, VNB sales activities & expense management guidelines

Key Decisions within the Role

• Deliver BAU sales targets, sales plans and business development initiatives
• Compliance with all applicable laws and regulations relating to the functional activities (Financial Crime, Legal & Compliance)
• Adherence to all finance limits placed on business development relating to APE, VNB sales activities & expense management guidelines

Requirements

Experience

• 3 to 8 years Business Development or related experience in Life & Health Insurance
• Sales driver with proactive business development skills
• Highly numerate in relation to sales levers and KPIs

Education

• Bachelor or Diploma holder

If you find yourself able to demonstrate the criteria above, apply with us now. We look forward to your application.

Job Snapshot

Updated Date: 27-01-2026
Job ID: J_1550
Department: Distribution
Location: Singapore, Singapore, Singapore
Experience: 3 - 8 Years
Employee Type: Permanent - Full Time