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IDBI Federal Life Insurance hiring for Relationship Manager at Hyderabad/Hubli/Mangalore



IDBI Federal Life Insurance hiring for Relationship Manager at Hyderabad/Hubli/Mangalore



Company :,IDBI Federal Life Insurance Co. Ltd

Website :www.idbifederal.com

Job Role :Relationship Manager

Eligibility :Any Graduate

Experience :0 - 5 Years

Job Location :Hyderabad/Hubli/Mangalore

Company Profile:
IDBI Federal Life Insurance Co Ltd. is a joint-venture of IDBI Bank, India's premier development and commercial bank, Federal Bank, one of India's leading private sector banks and Ageas, a multinational insurance giant based out of Europe. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. Having started in March 2008, in just five months of inception, IDBI Federal became one of the fastest growing new insurance companies by garnering Rs.100 Cr in premiums. Through a continuous process of innovation in product and service delivery IDBI Federal aims to deliver world-class wealth management, protection and retirement solutions that provide value and convenience to the Indian customer.

Job Purpose:
To sell insurance products through the assigned bank branches by building long term relationship with the bank & providing complete after sales services to clients.

Key Responsibilities:
1.Sales: Accept leads generated from in-branch lead generators as well as warm leads provided by the bank from the database as well as generate own leads. Make appointments, explore the customers financial needs in life-related investment and insurance needs areas, select appropriate product to meet these needs from the companys product range, gain customer agreement to purchase, accurately complete sales documentation.

2. Incentive programs: Cascade the incentive programs & ensure complete success in implementation of the same.

3. Sales completion process: Responsible for sales completion by facilitating completion of medical reports & ensuring prompt issue of policy document.

4. New markets/segments: Explore opportunities to develop new markets/ segments in line with company sales strategy from time to time.

5. Cross Sell/ Up-Sell: Build a good customer base in order to explore opportunities to cross-sell & up-sell, Obtain referral to further prospects where appropriate.

6. Relationship Building: Build long term relationship with the bank staff & clients by responding appropriately to all bank/client queries either directly received or forwarded by the service company.
Know all the branch managers, relationship managers & employees of all assigned branches on a personal level.

7. Customer Relationship Management: Arrange meetings of banks branch managers & staff with existing clients at least once a year, acknowledging birthdays & anniversaries to review their financial circumstances & life insurance needs as well as to obtain referrals to further prospects.

8. After Sales Service: Accept & follow up on suggestions, request & complaints received from clients, ensure claim requests are serviced.

9. Performance review: Proactively ensure performance review by submitting various sales reports as per agreed frequencies in order to ensure performance targets are achieved & exceeded, ensure meetings with manager to agree on targets & to review performance. Use these forums to discuss issues of business development.

10. Training & Development: Participate in relevant training arranged by the company, take initiative to keep abreast of developments in products & services, company policies, procedures, sales process & organization. Keep up to date with market developments by reading newspapers, journals & through personal contacts.
Deliver the snap modules at bank branch level as formulated by the training team.

11.Supporting colleagues & bank sales team: Support other Relationship Managers and the bank sales team where requested by the sales manager by coaching them in company knowledge, products, services & selling skills, accompanying them on client visits & modeling relevant behavior.

Other Details:If Interested kindly send me your resume on hrsourcing8@idbifederal.com or you can also call on 022-24908119

1 comments:

  1. Great Article. Thanks for sharing information of IDBI federal life insurance company. It is very helpful for people who in search of job.

    ReplyDelete