Life Insurance Product Mgr

A Leading Life Insurance Company is seeking a strategic Life Insurance Product Mgr at the AVP, Chief Manager, or Senior Manager level to join its Product Management department in Mumbai. In this core product strategy position, you will take responsibility for designing, developing, and launching innovative life insurance propositions that align with corporate growth targets. Furthermore, you will manage the end-to-end product development lifecycle, including File & Use regulatory submissions and product launch planning. Consequently, this role is essential for maintaining product competitiveness and market relevance.

The Life Insurance Product Mgr must combine solid experience in life insurance product pricing, design, and regulatory filing with strong analytical and stakeholder management capabilities. Partnering closely with Actuarial, Underwriting, Marketing, Operations, and Sales Distribution headers, you will conduct monthly competitor benchmarking and develop impactful sales collaterals. Therefore, the organization is looking for a data-driven professional who translates market feedback into profitable insurance solutions. If you want to steer landmark life insurance product portfolios, this position is for you.

Key Responsibilities

• Assist in planning, designing, and executing product strategies to achieve enterprise business and profitability objectives.
• Conceptualize new life insurance propositions, conduct financial feasibility checks, and drive product innovation.
• Manage the end-to-end preparation, documentation, and filing of new products and riders within agreed regulatory timelines.
• Publish monthly competitor updates, segment analyses, and product benchmarking studies to maintain market intelligence.
• Maintain a comprehensive repository of competitor products, pricing structures, and emerging market propositions.
• Engage regularly with distribution channel partners to identify product requirements and develop tailored sales enablers.
• Develop sales collaterals, benefit illustrations, and advisory tools in collaboration with marketing and distribution squads.
• Collaborate cross-functionally with Actuarial, Underwriting, Operations, Legal, and Finance teams to secure internal sign-offs.

Requirements and Qualifications

• Postgraduate degree in Economics, Statistics, Mathematics, Actuarial Science, or an MBA in Marketing/Finance.
• 5-10 Years of overall experience, with 3-7 years specializing in core Life Insurance product development, strategy, or pricing.
• Strong functional understanding of Indian life insurance products (ULIP, Traditional, Protection, Annuity) and regulations.
• Demonstrated proficiency in advanced Microsoft Excel modeling, financial presentations, and project management.
• Proven team handling experience, stakeholder coordination skills, and fluency in English and Hindi.