Regional Head - Bancassurance

About the Role

This position leads bancassurance business for a region and is responsible for delivering sales targets profitably, improving team productivity, and guiding the regional effort to drive strong business outcomes.

Key Responsibilities

• Own the sales, marketing, and operational performance for partner bank branches in the assigned region.
• Build and maintain productive relationships with senior leaders at the circle and regional office levels, while supporting the sales team at branch level.
• Plan and execute activity-based strategies to achieve business targets.
• Promote ethical business practices, identify risks early, and introduce practical solutions to address issues.
• Improve profitability by steering sales through the right product mix.
• Manage ongoing engagement with channel regional heads, branch managers, and leadership teams to support revenue growth.
• Lead teams effectively and contribute to people development.
• Ensure business is delivered consistently with strong operational control and effectiveness, including collection of renewal premiums.
• Stay aligned with IRDA requirements and monitor regulatory updates relevant to life insurance and bancassurance.

Technical & Functional Requirements

• Strong knowledge of insurance operations and the regulatory environment.
• Relevant experience in BFSI, ideally with exposure to the bancassurance model.
• Demonstrated success in marketing and business development with a clear understanding of bancassurance.
• Experience managing multiple partners and stakeholders in a structured organizational setup.

Candidate Profile

• Preferred total experience of 16 to 20 years in core business management, including sales and service.
• Background in business and channel development within a bank-distribution-led environment is preferred.
• Experience in public sector banks will be an added advantage.

Eligibility

Any graduate may apply.

About the Company

Star Union Dai-ichi Life Insurance is a joint venture established in 2007 between Bank of India, Union Bank of India, and Japan's Dai-ichi Life Holdings. The business serves more than 15 million customers through over 19,500 bank branches across India, including 1,950 rural branches. It focuses on designing insurance products for diverse customer needs across different segments and geographies. Dai-ichi Life, founded in 1902, is the second largest life insurer in Japan and among the top ten globally, known for strong product expertise, asset management capability, and operational strength. The company aims to be a leading life insurance brand in India while creating long-term value for customers and stakeholders.

Additional Information

This role is for the Vijayawada, India region. The compensation offered is INR 18,00,000 to 22,50,000 per year. No openings count, start date, or application deadline was specified.