General Manager – Products

A leading life insurance company is seeking a highly experienced professional for the Associate General Manager / General Manager – Products position in Mumbai. In this role, you will lead the end-to-end management of product development, launch activities, and ongoing product management. Furthermore, you will track and publish competition information to ensure our offerings remain market-leading. Consequently, this position is vital for driving the product strategy and achieving the company’s organizational targets.

The AGM/GM – Products will ensure that all product-related operations comply with strict regulatory requirements and internal company directions. Additionally, you will coordinate with cross-functional teams to drive the approvals and governance processes for the agreed product calendar. Therefore, the company is looking for a strategic thinker with a deep understanding of IRDA regulations and actuarial principles. If you have a proven track record in financial services and a passion for product innovation, this role offers a significant leadership opportunity.

Key Responsibilities

• Lead the end-to-end launch process for assigned projects to deliver results within the approved calendar.
• Assist the Reporting Manager in developing a product strategy that aligns with business and organizational goals.
• Execute the launch of new products and propositions approved by the PMC for Agency and Bank customer bases.
• Monitor and initiate technical revisions to products based on market trends, regulations, and channel needs.
• Manage the governance process for specific product groups or individual product lines under your supervision.
• Track competition information on an ongoing basis to provide insights for new product development.
• Ensure 100% compliance with IRDA regulations and all other legal requirements linked to product development.
• Coordinate across multiple functions to ensure smooth product development and implementation processes.

Requirements and Qualifications

Education and Experience

• MBA or a degree in Marketing from a reputable university or college.
• A minimum of 10 to 12 years of professional experience in financial services, banking, or insurance.
• Specific background in life insurance product development, actuarial functions, or product marketing.
• Proven track record of managing end-to-end product lifecycles in a highly regulated environment.

Knowledge and Skills

• Strong working knowledge of IRDA regulations specifically relevant to Life Insurance products.
• Deep understanding of compliance requirements linked to product management and governance.
• Excellent analytical skills to interpret market data and initiate effective product revisions.
• Advanced persuasion and negotiation skills for managing cross-functional approvals.
• Ability to lead launch processes for diverse customer segments across multiple sales channels.

What the Company Looks For

• A meticulous leader who ensures every product launch meets the highest quality and regulatory standards.
• A proactive individual who stays ahead of competition trends and market-driven product requirements.
• A collaborative professional capable of driving complex governance processes to achieve business targets.

If you are a product expert ready to lead innovation for a premier life insurance company, we encourage you to apply for this General Manager position today!