Manager / Senior Manager – Product

A leading life insurance company, ranked among India’s top 12 private insurers, is seeking a strategic Manager / Senior Manager – Product to join its corporate team. In this pivotal role, you will lead product design and development by deep-diving into customer needs and market trends. Furthermore, you will be responsible for creating innovative and competitive product offerings that align with regulatory frameworks. Consequently, this position is vital for driving business growth and ensuring the certainty of life for our customers.

The Manager / Senior Manager – Product must conduct rigorous competitive benchmarking to identify market gaps and emerging opportunities. Additionally, you will own the end-to-end project management for product launches, coordinating with Actuarial, Compliance, and IT teams. Therefore, the company is looking for a postgraduate or MBA with 4 to 6 years of experience. If you have a strong background in life insurance product management, this Manager / Senior Manager – Product role offers a premier leadership path.

Key Responsibilities for the Manager / Senior Manager – Product

• Lead the end-to-end design and development of innovative life insurance products based on customer insights.
• Prepare comprehensive filing and launch documents in conjunction with the Actuarial team to meet IRDAI guidelines.
• Conduct regular macro-level benchmarking and identify “white spaces” in the current industry product portfolio.
• Proactively track competitor features and product launches through detailed research and analysis.
• Liaise with cross-functional departments, including Investments and Legal, to obtain necessary inputs and sign-offs.
• Own the creation and approval of system BRDs and conduct UAT to ensure error-free product implementation.
• Design and develop high-quality training content and course materials for distributors and field staff.
• Build strategic positioning and sales pitches for both B2B and B2C channels to enhance field knowledge.
• Perform periodic reviews of product performance and share insight-driven reports with the Product Head.
• Maintain the product pages on the company website to improve visibility and ensure content accuracy.

Requirements and Qualifications

• Postgraduate degree or an MBA in Marketing from a recognized institution.
• Minimum of 4 to 6 years of professional experience, with at least 2 to 4 years specifically in Life Insurance.
• In-depth understanding of Life Insurance products and the broader regulatory landscape in India.
• Proven project management capabilities with a track record of meeting defined launch timelines.
• Strong technical proficiency in conducting market research, competitive analysis, and sales surveys.
• Excellent communication skills with the ability to present complex product concepts to senior stakeholders.

Core Competencies and Leadership Skills

• Ability to conceptualize and develop robust business cases and innovative product concepts.
• Strong leadership skills with the ability to provide clear direction to cross-functional project teams.
• High level of ownership and dedication to ensuring zero audit discrepancies in product documentation.
• Self-motivated approach with the tenacity to manage multiple high-priority projects simultaneously.
• Interpersonal excellence required to navigate the Product Committee and various internal departments.

If you are a product leader ready to drive the Manager / Senior Manager – Product function for a premier insurer, we encourage you to apply today!