Phi - Manager- Retail Product Management

Prudential Corporation Asia Ltd

Mumbai, India
On-site
Create, launch, and refine health insurance propositions
Own the full product lifecycle of health insurance products
Conduct distributor, customer and market research
Prudential Health India is a Zero to One team undertaking a no-legacy, greenfield health insurance deployment in India, building journeys that truly empathize with the customer and offer a differentiated experience

Job Summary

  • Prudential Health India is a Zero to One team undertaking a no-legacy, greenfield health insurance deployment in India, building journeys that truly empathize with the customer and offer a differentiated experience.
  • As a Product Manager, your typical week will include creating, launching, and refining health insurance propositions that serve customer needs, improve saleability, and manage risk for the organisation.
  • This joint venture will combine Prudential's global expertise in insurance and financial services with HCL Group’s experience in technology and healthcare solutions.

Matching Summary

Prudential Health India is a Zero to One team undertaking a no-legacy, greenfield health insurance deployment in India, building journeys that truly empathize with the customer and offer a differentiated experience.

Skills & Requirements

Must-have

  • Create, launch, and refine health insurance propositions
  • Own the full product lifecycle of Health Insurance products
  • Conduct distributor, customer and market research
  • Develop compelling, differentiated product propositions
  • Define and document detailed product requirements
  • Develop policy wordings and product filing documents
  • Lead development and execution of go-to-market plans
  • Collaborate with cross-functional teams to implement and launch products
  • Define and document system requirements for products
  • Ensure compliance with all relevant regulations
  • Analyse product performance data
  • Identify and implement product enhancements and innovations
  • Conduct internal and external product validations
  • Develop and implement effective channel and segment strategies

Nice-to-have

  • Passion for transforming health insurance experience
  • Deep understanding of current industry state
  • Clear vision of transformed future
  • Passion for leveraging digital tools
  • Passion for consumer behaviour and culture
  • Attentive ear to listen to new ideas
  • Join hands with colleagues to solve for customer
  • Work in a culture where everyone can see what others are doing
  • Take help from others when stuck
  • Encourage others when there are setbacks
  • Take full responsibility for team's contribution output
  • Thinking wing-to-wing across the organization

Key Requirements

  • 7+ years of experience in product management
  • At least 3 years of experience in a stand-alone health insurer
  • Minimum of 5 years of experience in handling Retail Product and Retail Underwriting or Retail sales
  • Hands-on experience in Quotation Management
  • Excellent knowledge of Product configuration in core systems and front-end sales platforms
  • Strong understanding of the health insurance market
  • Proven experience in developing and launching successful health insurance products
  • Thrive in engaging and partnering with distribution teams
  • Excellent analytical, problem-solving, and decision-making skills
  • Effective communication, presentation, and interpersonal skills
  • Ability to work independently and as part of a cross-functional team
  • Proficiency in data analysis and financial modelling
  • Degree in Business, Finance, Insurance, Statistics or Cleared Actuarial Papers or related field
  • A Master of Business Administration from a reputed institute is desirable

Work Rights

Not specified

Tailored Resume

Cover Letter