Product Head

Company Information 

Finhaat – a unique financial services distribution platform catering to the distinctive needs of financially underserved population – the Emerging Indians. Our journey started with the belief that all individuals should be equipped to manage their financial health with ease and confidence. This will be possible only when they have an easy access to solutions that are in line with their financial goals.

Suraksha – Protection from Financial Shocks  

Suvidha – Easy access to curated financial services 

Samriddhi – Trusted Partner for overall financial prosperity

Finhaat has been created as a marketplace for financial services distribution that seeks  to connect the customer to the solution provider through an innovative financial service  distribution model.  

Finhaat gives the right individual with an environment of immense growth depending  on its capability and performance.

Job Description 

• Job Title: Product Head 
• Qualification: Bachelor's/Master’s degree 
• Experience: 8-15 Years 
• Location: Mumbai  
• Domain: Insurance 

Job Summary: 

We are seeking a results-driven Product Head – Group Insurance to lead the  development, strategy, and lifecycle management of group insurance products such as  life, disability, accident, and health coverage. This role requires a blend of market  insight, product strategy, technical knowledge, and cross-functional leadership to  deliver competitive, compliant, and customer-centric insurance solutions. 

Key Responsibilities: 

Product Strategy & Development 

• Own the product lifecycle for group insurance products – from ideation and  market research to launch and iteration. 
• Develop business cases and product strategies aligned with market needs,  regulatory changes, and company goals. 
• Collaborate with actuarial, underwriting, and finance teams to define pricing, risk  parameters, and profitability goals. 
• Evaluate and present the risk to insurance companies (suggesting additional  covers depending on the client profile). 

Market Analysis & Competitive Intelligence 

• Analyze industry trends, customer needs, and competitor offerings to identify  gaps and opportunities. 
• Gather voice-of-customer (VOC) insights through employer groups and  intermediaries.
• Working with client facing colleagues to understand client's requirements and  provide end to end solution for placing the business with the insurers i.e.  generating quotes, preparing a comparative statement, follow up and policy vetting.

Product Design & Implementation

• Define product features, eligibility rules, plan designs, and value-added  services. 
• Collaborate with legal and compliance teams to ensure all products meet  regulatory and internal standards. 
• Work with technology and operations to define product requirements and  support system implementation. 
• Identifying risk exposures of the client, understanding the insurance requirements, and providing them with insurance solutions.

Go-to-Market & Sales Enablement

• Develop product positioning, sales training materials, and marketing collateral  in partnership with Marketing and Distribution. 
• Support RFP responses, sales presentations, and broker engagement for large  group deals. 
• Working with client facing colleagues to understand client's requirements and  provide end to end solution for placing the business with the insurers i.e.  generating quotes, preparing a comparative statement, follow up and policy vetting. 

Performance Monitoring & Optimization

• Track product performance including enrolment, claims experience,  persistency, and profitability. 
• Recommend and implement product improvements or portfolio adjustments  based on performance and feedback.

Key Skills:

• Ability to drive cross functional team for common objectives. 
• Interact with key clients of Group business from time to time to understand  their concerns and identify improvement areas 
• Goal oriented with positive attitude, sincere, hard- working and ambitious.
• Highly effective verbal and written communication with clarity of thought and  expression. 
• Knowledge and development of systems and processes to support service  delivery.