Business Development manager_ Insurance Sales

Company: Hireginie
Apply for the Business Development manager_ Insurance Sales
Location: Bangalore
Job Description:

Our Client: Our client, a leading insurtech startup, specialises in providing innovative and comprehensive employee benefits solutions, offering a range of customizable packages tailored to meet the unique needs of businesses through their tech-first platform. They are backed by leading global investors and are on their scale up stage.

Title: BDM – Insurance Broking Sales

Location: Hyderabad, Chennai, Mumbai, Bangalore

Education: Graduate

Experience: 2- 8 years

About the Role: We are looking for a high-performing Business Development Manager to drive mid-market and enterprise sales in the employee benefits and insurance space. This is a high-impact, revenue-driven role focused on consultative selling and closing meaningful premium accounts

Responsibilities:

  • Engage with CXO-level stakeholders including CHROs, HR Heads, CFOs, and Finance leaders
  • Understand existing employee benefit structures, renewal cycles, and client pain points
  • Position a compelling value proposition aligned to client needs
  • Drive the complete sales lifecycle: discovery → solutioning → proposal → negotiation → closure
  • Collaborate with internal placement and servicing teams to deliver seamless execution
  • Share structured market feedback to enhance product and service offerings
  • Requirements:

    1. Insurance Broking Experience:

    • Minimum 2+ years of experience in insurance broking
  • 2. Proven Revenue Performance:

    • Strong track record of delivering meaningful revenue outcomes
    • Ideally achieved 2.5x+ revenue against fixed CTC in the last 12 months
  • 3. Experience with Large Ticket Sizes:

    • Closed accounts at least of ₹50 Lakh premium range
  • 4. Relationship Strength:

    • Strong relationships with CHROs, HR Heads, and CFOs preferred
    • Ability to influence senior decision-makers and open strategic conversations
  • 5. Placement & Pricing Expertise (Critical Requirement):

    • Strong insurer relationships across PSU and private insurers
    • Deep understanding of underwriting and pricing mechanics
    • Negotiation capability to secure competitive quotes
    • Structured approach to improving pricing outcomes (within same insurer and across insurers)
    • Knowledge of key pricing levers that impact underwriting decisions

    About Hireginie: Hireginie is a prominent talent search company specializing in connecting top talent with leading organizations. We are committed to excellence and offer customized recruitment solutions across industries, ensuring a seamless and transparent hiring process. Our mission is to empower both clients and candidates by matching the right talent with the right opportunities, fostering growth and success for all.

    Posted: March 24th, 2026