A Bancassurance Sales Executive is hired to sell insurance products to customers using banking channels such as banks or financial institutions. Working mostly for banking industries, incumbents for this role often complete the following duties mentioned on the Bancassurance Sales Executive Resume – identifying potential customers, understanding the insurance needs, explaining insurance policies, assisting in the application and underwriting process, building and maintaining client relationships, providing financial advice, and meeting sales targets. These professionals play a critical role in promoting insurance products, expanding the customer base, and contributing to the revenue generation of the facility.
Those seeking this job role must mention on the resume the following skills and abilities – strong communication and interpersonal skills, a deep understanding of insurance products, knowledge of banking operations, the ability to adapt to changing market conditions, proactive, goal-oriented, and the ability to provide sound financial advice to clients. The ideal candidate for this role is expected to possess at least a degree in finance or business or a relevant field. Relevant insurance certification or license is needed based on the country’s regulatory requirements.
Summary : As a Bancassurance Sales Executive, responsible for generating business through Branch Staff and through walk-ins at Branches. Imparting product training to the bank staff on concepts of general insurance and new product introductions.
Built cordial working relations with bank staff at all levels.
Worked with a staff of bank partners to identify potential banking customers with financial protection needs.
Provided professional insurance advice to customers of our bank partners.
Provided after-sales service to successful cases.
Coordinated work between the bank and the company if any.
Advised and coached sales techniques to the bank’s employees at the assigned branches.
Involved in activities of the bank partners, including joining the bank meetings, and visiting bank customers.
Experience
10+ Years
Level
Senior
Education
B.S. in BA
Bancassurance Sales Executive Resume
Summary : As a Bancassurance Sales Executive, responsible for offering product solutions on the financial needs of BPI customers to ensure the achievement of individual and company targets and KPIs.
Set and monitored clear objectives to achieve the agreed sales targets for the partners.
Helped partners generate and track leads, and close sales.
Helped partners to upsell and cross-sell to customers basis need analysis.
Helped the partner facilitate their training on an ongoing basis to ensure a productive channel at all times.
Took regular feedback from partners and customers on satisfaction with the selling process and products.
Reviewed the Sales plan of the partner and supported their growth.
Promoted and maintain the reputation of both BPI and Philam Life.
Experience
7-10 Years
Level
Management
Education
B.S. in BA
Bancassurance Sales Executive Resume
Summary : Dynamic Bancassurance Sales Executive with a decade of experience cultivating strong relationships with bank staff and clients. Skilled in delivering tailored financial solutions and driving sales performance to exceed targets. Committed to enhancing customer satisfaction and promoting bancassurance products effectively.
Independently managed sales activities in the branch, demonstrating strong initiative.
Represented BPI-Philam positively, enhancing brand reputation and client trust.
Identified and pursued new business opportunities, effectively cross-selling and up-selling products.
Established and nurtured professional relationships with bank officers and staff for lead generation.
Experience
7-10 Years
Level
Management
Education
B.S. in BA
Bancassurance Sales Executive Resume
Objective : Accomplished Bancassurance Sales Executive with five years of experience in driving sales and enhancing client relationships within the banking sector. Expert in identifying customer needs and delivering comprehensive insurance solutions that align with financial goals. Proven ability to collaborate with bank staff to maximize sales opportunities and improve customer satisfaction.
Skills : Sales Negotiation, Negotiation Skills, Communication Skills, Market Research, Lead Generation
Description :
Collaborate with branch staff to identify sales opportunities and promote bancassurance products effectively.
Conduct regular training sessions for bank employees to enhance their knowledge of insurance offerings.
Analyze customer feedback and market trends to adjust sales strategies and improve service delivery.
Prepare and present weekly reports on sales performance and market insights to management.
Develop and maintain strong relationships with clients to facilitate repeat business and referrals.
Assist customers in understanding policy benefits and claims processes, ensuring a seamless experience.
Work closely with marketing teams to design promotional materials that resonate with target audiences.
Experience
2-5 Years
Level
Executive
Education
B.S. in Bus. Admin.
Bancassurance Sales Executive Resume
Objective : Proficient Bancassurance Sales Executive with 2 years of experience in leveraging bank partnerships to drive insurance sales. Adept at delivering client-focused financial solutions and conducting training for bank staff. Committed to achieving sales targets while enhancing customer satisfaction and fostering long-term relationships.
Leverage partnerships with bank staff to generate leads and convert them into insurance sales.
Conduct comprehensive needs assessments to tailor insurance solutions for clients.
Provide ongoing training and support to bank personnel on insurance products and sales techniques.
Maintain accurate sales records and prepare reports to track performance against targets.
Develop and implement strategies to enhance customer satisfaction and retention.
Collaborate with management to analyze market trends and adjust sales strategies accordingly.
Participate in promotional events and campaigns to increase visibility of bancassurance offerings.
Experience
0-2 Years
Level
Junior
Education
BBA
Bancassurance Sales Executive Resume
Objective : As a Bancassurance Sales Executive, responsible for preparing and maintaining insurance policy records. Also handled the tasks of checking premium records on a regular basis Assisted the Insurance sales team in achieving monthly sales targets.
Skills : Customer Needs Assessment, Cross-Selling and Upselling, Client Needs Assessment, Relationship Building
Description :
Provided excellent customer service and aftersales service to clients of BPI.
Prepared, submit, and analyze sales reports on a regular basis.
Attended weekly meetings with bank parts and Bancassurance Area Managers for production updates and marketing campaigns.
Coordinated between Bank and company from Lead generation to policy conversion.
Built mutually beneficial relationships with the bank and helped in the acquisition of clients.
Customer requirements were gathered and analyzed for better product pitching.
Handling Objections and grievances and providing them with timely solutions.
Experience
0-2 Years
Level
Junior
Education
BSBA
Bancassurance Sales Executive Resume
Summary : As a Bancassurance Sales Executive, responsible for driving sales growth, offering product solutions on financial needs, and building strong relationships with clients and partners.
Guided/mentored new team members with required deliverables and company values.
Established and strengthened relationships with the bank branch manager and staff to gain leads.
Prospected and met walk-in customers of the Bank and conducted Quick Need Analysis.
Increased bank's customer awareness about Life Insurance products and achieved the targeted penetration on cross-selling within the branch's customer base.
Created awareness and motivated bank employees to store commend life insurance products for bank customers.
Responsible for sales of General Insurance products through banking channels.
Coordinated with the underwriting and operations department.
Experience
7-10 Years
Level
Consultant
Education
B.S. in B.A.
Bancassurance Sales Executive Resume
Summary : As a Bancassurance Sales Executive, promoted banking and insurance products to existing customers, achieving a high rate of customer retention and satisfaction. Collaborated with the Bancassurance team to streamline processes and improve the overall customer experience.
Skills : Cross Selling, BFSI, Bancassurance, Direct Sales, Finance
Description :
Managed cross-sale of General Insurance through the bancassurance channel.
Handled multiple branches of banks assigned in the respective location.
Managed relationships with the Branch Manager of the bank partners' branches.
Provided sales and technical support to bank staff on product details, benefit illustrations, and insurance policies.
Followed company policies and procedures in terms of regulatory guidelines, and PCI.
Maintained Strong relations with bank staff to ensure their cooperation through the referral process.
Introduced the company’s new products to the bank staff to ensure their full awareness of all AXA products.
Experience
10+ Years
Level
Senior
Education
B.S. in BA
Bancassurance Sales Executive Resume
Objective : Bancassurance Sales Executive with a proven track record of driving revenue growth through effective sales strategies. Adept at building and maintaining strong client relationships.
Achieved sales targets by approaching prospective customers referred by bank staff.
Seized new opportunities and opened new markets by approaching potential clients.
Solicited new business, promote and provide marketing campaigns and initiatives to increase sales growth.
Act as a liaison between the customer and the back office for handling the reporting, planning, and servicing of the plans purchased by the client.
Generated bancassurance leads and business while maintaining and growing relationships with prospective and existing clients.
Successfully achieved and exceeded monthly sales targets, consistently ranking among the top performers in the sales team.
Developed and maintained strong relationships with bank clients to identify their insurance needs and provide tailored solutions.
Experience
2-5 Years
Level
Executive
Education
B.S. in B.A.
Bancassurance Sales Executive Resume
Summary : As a Bancassurance Sales Executive, monitored and followed up on bank staff activities related to approaching prospects to arrange for meetings and selling Life, Property, and Casualty insurance to these prospects and was responsible for the weekly, monthly, and annual activity reporting required by the Company, for the assigned bank branches.
Skills : Lead Generation, CASA, NBFC, Insurance, Business Development
Description :
Conducted product presentations and training sessions for bank staff to enhance their understanding of insurance products, resulting in a 15% increase in cross-selling.
Collaborated with insurance partners to create and implement targeted marketing campaigns to promote insurance products to the bank's customer base.
Prospected and acquired new clients through various channels, including referrals, cold calling, and networking events.
Conducted thorough insurance needs assessments to recommend appropriate coverage options to clients.
Maintained detailed records of client interactions, ensuring accurate and up-to-date information for follow-up and relationship management.
Participated in industry training programs to stay abreast of the latest insurance products and industry trends.
Provided exceptional customer service to bank clients, addressing inquiries and resolving issues promptly and effectively.
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