Sector
BFSI
Keyword

Manager

Branch Manager

Minimum ? Post Graduate (any specialization)

Minimum5-10 years of sales experience in life insurance/ agency channel/ tied channel

The tasks a Manager, Insurance is expected to perform include:

Organizing, controlling and supervising, within authority delegated

Managing one or more departments or branches of private or public organizations engaged in life, fire, accident, marine and general insurance business

Leading a team of sales managers

Motivating team to achieve daily, weekly and monthly goals

Identifying skills gap and creating developmental plans

Communicating targets, incentive systems, policies and career growth aspects to other workers

Knowledge of principles and processes for providing customer and personal services i.e. customer needs assessment, meeting quality standards, etc.

Proficient in methods for promoting and selling products or services

Well-versed with economic and accounting principles and practices, the financial markets, banking, analysis and reporting of financial data

Knowledge of algebra, calculus and statistics

Proficient in using software like MS Excel, Power

Point, CRM, etc.

Well-versed with all the features of various insurance policies

Knowledge of calculating premiums and amounts of coverages

Will be updated

Customer-centric

Good communication skills

Leadership skills

Strong inter-personal skills

Dependable

Team player

Proficient in local languages

Self-motivated

Problem solving ability

Analytical thinking

It is a desk job

Need to handle a team

Local travelling is a part of this job role

Part-time work and contractual jobs are not available

Work from home option is not available

Working hours

Companies usually work for 5/6 days a week for 8/9 hours everyday. This may vary from company to company

Shift system maybe available

Is the job suitable for a candidate with special needs?This job is suitable for candidates with One Arm (OA), One Leg (OL), Both Leg (BL), One Arm and One Leg (OAL), Blind (B) and those who have Low Vision (LV)

This job is not listed as hazardous or dangerous under The Factories Act, 1948 (section 87)

Occupational hazards include strain on eyes, cervical and lumbar spondylosis, carpal tunnel syndrome, mental stress, etc.

For candidates with 7-8 years of experience or more - INR 60,000 to INR 66,000 per month

(These figures are indicative and subject to change)

Current and Future Growth of BFSI Sector in India

India is one of the fast growing economies and second most populous country in the world.

The Indian Life Insurance industry is one of the strongest growing sectors in the country with the market size of around US$ 41-billion. India is the fifth largest life insurance market with 24 life insurance companies operating across the country. As of 2012, insurance penetration and insurance density in India stands at 3.96 percent, very low as compared to other developed countries. With the increase in per capita income and growing awareness about the benefit and requirement of insurance, the Indian insurance market is expected to grow from US$66.4 billion in FY13 to US$ 350?40 billion by 2020. Thus with the expected high growth the demand for various professionals in the insurance sector is bound to increase and it is expected that insurance sector will create 0.15 million additional jobs by 2022.

The BFSI sector in India currently employs over 2.55 million people and looking at the future growth potential, it is estimated that BFSI sector will employ more than 4.2 million employees by 2022, an additional 1.6 million job creation by 2022. This indicates good job opportunities for Manager, Insurance across town and cities in India.

Public and private insurance companies across India

Towns and cities across India